EXCHANGES

Presidential Candidate Andrew Yang Discusses His Plan for Cryptocurrencies

[ad_1] Presidential candidate Andrew Yang has detailed his plans to regulate the digital economy if he were to become the President of the United States. Yang’s recent blog post called “Regulating technology firms in the 21st century,” explains how the candidate believes current American legislators are out of touch with innovative technologies. Also Read: Andrew Yang’s ‘Freedom Dividend’ Is Not Only Unnecessary, It’s Unethical Andrew Yang Explains How He Would
Business

Tassat and Blockfills Launch Trade at Settlement Product for Bitcoin

[ad_1] New York-based fintech provider Tassat is partnering with digital asset market maker Blockfills to launch an institutional Trade at Settlement (TAS) product for spot Bitcoin (XBT/USD).According to a Nov. 18 report by Hedgeweek, Blockfills — which specializes in digital asset electronic market making, trading and prime brokerage — will join forces with Tassat, formerly known as trueDigital to launch the product by mid-December.New products for crypto traders to hedge
Business

Longhash Blockchain Researchers Dispute 2017 ‘Single Whale’ Theory

[ad_1] Blockchain education platform Longhash has released research that it claims debunks the recent single-whale theory of the 2017 Bitcoin (BTC) bull run.On Nov. 18, researchers at crypto analytics firm Longhash announced that they have calculated a metric called “Tether Purchasing Power,” which shows more insight into the question of whether Tether (USDT) was used to manipulate the cryptocurrency markets.Tether’s ability to manipulate the markets is when BTC’s price fallsAccording
BLOCKCHAIN

US ICO Scammer Sentenced to 18 Months In Jail

[ad_1] Maksim Zaslavskiy, a computer programmer from Brooklyn and the first person in the United States to be convicted of running a fraudulent initial coin offering (ICO) has been sentenced to a year and a half behind bars.As Law360 reported on Nov. 18, the Brooklyn businessman received a prison sentence of 18 months for running two scam ICO’s, both of which were advertised as being backed by collateral — diamonds
EXCHANGES

US to Strictly Enforce Crypto Rules Similar to FATF Guidelines

[ad_1] The U.S. government will strictly enforce the rules on cryptocurrencies similar to the standards recommended by the Financial Action Task Force (FATF). The Financial Crimes Enforcement Network has reaffirmed that its “Travel” rule applies to cryptocurrencies. Meanwhile, the Federal Reserve has flagged stablecoin as a potential risk to the U.S. financial system in a new report. Also read: Crypto Jobs on the Rise, Thousands Listed Fincen Expects Compliance The
Business

US SEC Takes Another Look at Rejected Bitwise Bitcoin ETF Proposal

[ad_1] The United States Securities and Exchange Commission (SEC) is reviewing its decision to reject the Bitcoin (BTC) exchange-traded fund (ETF) filing from Bitwise Asset Management and NYSE Arca.Taking a second lookIn an announcement on Nov. 18, the commission said that the ETF filing from Bitwise Asset Management and NYSE Arca will return to review, following the earlier rejection for not meeting the necessary requirements.In October the U.S. regulators said
Business

U.S. Gov’t Extradites Alleged Fraudster for Selling Fake Securities for $11 M in BTC

[ad_1] The United States has extradited a Swedish national from Thailand for allegedly selling fraudulent securities to investors online, garnering over $11 million worth of Bitcoin (BTC).Per a press release from the U.S. Department of Justice (DoJ) published on Nov. 18, Roger Nils-Jonas Karlsson is on his way to the U.S. to stand trial on behalf of himself and his company, Eastern Metal Securities.The indictmentAccording to the DoJ, Karlsson was
BLOCKCHAIN

Chinese State Media Says Most ‘Blockchain’ Firms in China Are All Hype, No Code

[ad_1] Chinese news program Focus Report has said that there are around 32,000 companies in China that claim to use blockchain technology. Reportedly, the real number is not even 10% of that.On Nov. 18, the predominant state television broadcaster in Mainland China, CCTV, aired an episode by Focus Report, titled “Blockchain is not a Cashchain.” The episode takes a closer look at companies who reportedly misuse the concept of blockchain
ALTCOIN

Crypto Markets Continue to Drop, Bitcoin Briefly Slips Below $8,200

[ad_1] After another sell-off earlier today, crypto markets have continued to fall, with Bitcoin (BTC) briefly dropping below the $8,200 threshold.At the time of writing, 19 out of the top 20 coins by market cap are seeing significant losses. Texos (XTZ), the 17th altcoin by market cap, is resisting the bearish movement, still trading up around 1% over the past 24 hours at press time, according to Coin360.Market visualization. Source:
Business

Spanish Financial Watchdog Warns Against Unregulated ICO Scheme

[ad_1] A Spanish financial watchdog has issued a warning against Ethereum (ETH)-based token dubbed AlyCoin.As Financial Magnates reported on Nov. 18, the Comisión Nacional del Mercado de Valores warned the public against AlyCoin as it the coin is registered neither in Spain nor in the corresponding registry and thus promotes unregulated initial coin offerings (ICOs).Specifically, AlyCoin purportedly provides its customers with financial services in violation of the second paragraph of