BLOCKCHAIN

Sacramento Kings Pro Basketball Team Launches Crypto Collectibles

[ad_1] The Sacramento Kings NBA basketball team has partnered with CryptoKaiju to launch crypto-collectibles.In a press release on Oct. 16, the Sacramento Kings announced a new collaboration with the creator of Ethereum-based Kaiju toys, CryptoKaiju. The companies will give away 100 limited-edition Kaiju collectible toys throughout the 2019–2020 basketball season.Each collectible is backed by a non-fungible token, meaning that no two are the same. 15 of these toys will come
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Survey: Chinese Students Want Crypto Jobs, 8% Own Cryptocurrencies

[ad_1] A poll conducted among university students in China indicates that many of them see a bright future for cryptocurrencies in their country. A quarter of the respondents said they would seek employment in the industry that deals with digital assets and related technologies. Approximately one in 12 students already owns digital coins. Also read: Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky 17% of Polled Students Have Had
Business

Telegram Aims to Push Out TON Launch Deadline Ahead of SEC Meeting

[ad_1] Encrypted messaging service Telegram wants to postpone the launch date of its Telegram Open Network (TON) following issues with the United States Securities and Exchange Commission (SEC).According to an investor message seen by Cointelegraph on Oct. 16, Telegram told investors that it wants to push back the deadline to April 30, 2020.The launch was initially set for late October when the SEC abruptly declared its $1.7 billion dollar token
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Rare Joint Statement From U.S. Regulators Proves Crypto Centralization Is Here

[ad_1] The U.S. SEC, Fincen and CFTC issued a rare joint statement Friday addressing regulation of “activities involving digital assets.” Citing crypto’s perceived role in money laundering and terrorism, the regulatory power trio prescribed stricter adherence to anti-money laundering (AML) policies and know your customer (KYC) protocols. The statement is a highly visible product of the new crypto reality: for many, it’s no longer about Satoshi’s vision, but regulated, de-clawed
BLOCKCHAIN

CFTC File Lawsuit Against $11M Ponzi-Like Cryptocurrency Scam

[ad_1] The United States Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action against Nevada-based Circle Society.Defendants guaranteed investors 300% returnOn Oct. 16, the CFTC announced that it was charging Circle Society and its owner, David Gilbert Saffron, with “fraudulent solicitation, misappropriation, and registration violations relating to an $11 million binary options scheme.”According to the charges, the defendants misappropriated at least $11 million worth of Bitcoin
BLOCKCHAIN

Central Banks Have Three Options for Crypto Regulations, Says Official

[ad_1] Denis Beau, the deputy governor of France’s central bank, Banque De France, recently delivered comments regarding central banks’ approaches to cryptocurrencies.Establish appropriate cryptocurrency regulations On Oct. 16, Beau spoke at the Official Monetary and Financial Institutions Forum conference in London, where he discussed the role of cryptocurrency assets in today’s global financial payment system.Beau stated that the traditional bank-based ecosystem could face significant changes due to the many technological developments,
Business

Swiss Federal Council Continues to Monitor Stablecoins and Blockchain

[ad_1] The Swiss Federal Council is continuing to keep close tabs on global stablecoin projects and their possible opportunities and challenges.Switzerland is seen as very crypto-friendlyIn a press release on Oct. 16, the Swiss Federal Council stated that it was recently informed about “current opportunities and challenges associated with stablecoins” and that Switzerland will continue to monitor new digital technology developments, such as blockchain and distributed ledger technology.The Federal Council
Business

Bitcoin Is Totally Different Than Libra: Calibra Head David Marcus

[ad_1] ⁠David Marcus, the head of Facebook’s forthcoming cryptocurrency wallet Calibra, said that he is a fan of Bitcoin (BTC), but it is totally different than the proposed Libra stablecoin.Bitcoin is digital gold, Marcus SaysIn a Squawk Box interview on Oct. 16, Marcus stated that he has been looking at Bitcoin since 2012 and considers it to be akin to digital gold.When asked by Squawk Box co-host Joe Kernen if
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ICOs Are Dead But ICO Scammers Are Immortal

[ad_1] The initial coin offering may have all but died, but the ICO scammer marches on regardless. Whereas legitimate projects have to wrangle with all kinds of challenges including the strength of the market, generating value for investors, creating a real product and actually delivering on the promises they make, the soulless scammer is unencumbered by technical constraints, work ethic or any sense of decency. Also read: Bitcoin’s Smallest Unit