BUY/SELL

US SEC Gives Crypto Gaming Firm the Go-Ahead on ‘Quarters’ Token

[ad_1] The United States Securities and Exchange Commission (SEC) has cleared a crypto gaming company to issue blockchain tokens without registration, deeming the tokens to not be securities.The SEC published its determination on July 25 via the commission’s website, as a reply to an apparent inquiry from the company Pocketful of Quarters (PoQ) on its proposed “Quarters” tokens. Jonathan Ingram, the chief legal advisor of the SEC’s FinHub division wrote:“Based
ALTCOIN

Nigerian Deposit Insurance Corporation Warns Against Crypto Dependency

[ad_1] The Nigeria Deposit Insurance Corporation (NDIC), a federal insurance overseer and safety net provider, has issued a public warning about relying on cryptocurrency transactions in a press release on July 25.According to the press release, managing director and CEO of NDIC Umaru Ibrahim said that relying on cryptocurrencies is very risky, because they are unregulated and unbacked by central banks in most financial jurisdictions. Much like the United States’s Federal
BUY/SELL

Croatian Post Launches Pilot Program for Crypto-to-Fiat Exchange

[ad_1] The Croatian Post has partnered with Electrocoin to run a pilot program for a crypto-to-fiat exchange in the city of Zadar.The pilot service will reportedly enable crypto holders to convert Bitcoin (BTC), Ether (ETH), Stellar (XLM), XRP and EOS to cash in one of the Croatian Post’s local offices, according to an announcement by the postal service on July 24.The exchange pilot is currently available at three post offices
ALTCOIN

US Department of Justice Accuses Crypto Exec of $7 Million Fraud Scheme

[ad_1] Federal authorities in the state of New York have unsealed fraud charges against the principal of a purported cryptocurrency escrow company Volantis in the amount of over $7 million.According to an announcement by the Department of Justice (DoJ), the United States Attorney for the Southern District of New York and the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (FBI) unsealed a filing
BUY/SELL

Brazilian Trade Official Says Tax Reform Will Lead to Evasion Via Crypto

[ad_1] The head of a major Brazilian trade association, the Federation of Industries of the State of São Paulo (FIESP), said that Brazilians could start using crypto to evade taxes.Paulo Skaf, the president of the FIESP, expressed concern over the recent tax reform proposal by Brazilian President Jair Bolsonaro, Cointelegraph Brazil reports on July 25. He reportedly warned that the new tax system could force citizens to use crypto such
BLOCKCHAIN

Ripple CEO Brad Garlinghouse Concerned About Effects of Facebook’s Libra

[ad_1] Brad Garlinghouse, CEO of blockchain and crypto firm Ripple, is concerned about potentially stricter regulation for the digital currency industry that could result from Facebook’s not-yet-issued Libra stablecoin. Garlinghouse delivered his comments in an interview with Fortune on July 25.Garlinghouse said, "You just want to make sure that you don't get caught in the crossfire. It is important to me that when regulators start asking questions that they don't
EXCHANGES

Celebrities Can’t Get Enough of Bitcoin

[ad_1] Bitcoin is not the asset of crypto experts and blockchain enthusiasts anymore. It is slowly but steadily infiltrating into the pop culture, with many sportsmen, actors, singers, media persons, and politicians discussing it. Celebrities Endorsing Cryptocurrency Many celebrities are sharing favourable opinions about the oldest cryptocurrency out there. One of the reasons is that they have benefited from the coin’s bullish rallies on different occasions. Last year, Rapper Soulja
BLOCKCHAIN

Overstock’s tZERO Subsidiary Rolls Out Android Version of Crypto App

[ad_1] Overstock’s digital currency arm tZERO has released an Android version of its recently launched cryptocurrency mobile application, according to a press release published on July 25.Initially, the tZERO Crypto App rolled out in late June supporting two major coins Bitcoin (BTC) and Ether (ETH), and claiming to be hack-resistant solution for trading and storing cryptocurrencies. The launch of the digital wallet and exchange services app for crypto was coupled
ALTCOIN

Patent Trolling or Hedging Risks?

[ad_1] Earlier this week, Bank of America (BofA), one the United States’ largest financial institutions, made a massive splash in the crypto sphere as the details of its recently registered patent, entitled “Real-Time Net Settlement by Distributed Ledger System” and citing the Ripple blockchain, emerged in the press. Even though the extent and exact character of the proposed system’s reliance on Ripple is impossible to determine from the filing, the community of
EXCHANGES

Venezuelan Government Accused of Using Bitcoin to Bypass US Sanctions

[ad_1] Nicolás Maduro and the United Socialist Party of Venezuela have been accused of circumventing financial blockades imposed by the U.S. government. According to local reports, Maduro’s regime evades sanctions with cryptocurrency alongside an airline application called Jetman Pay. Allegedly, Jetman Pay collects airline taxes from travelers who purchase tickets from Maiquetía International Airport and the Venezuelan government agency Sunacrip converts the tax money into BTC and sends the funds