EXCHANGES

Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures

[ad_1] In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South Korea, India, and Russia. Also read: Bitcoin Legal in India — Exchanges Resume INR Banking Service After Supreme Court Verdict Allows Cryptocurrency US: Proposal to Issue Two $1
EXCHANGES

How to Buy Weed With Bitcoin

[ad_1] So you’ve got a little bitcoin to your name but are all out of weed. What you gonna do? Well, if you’re fortunate enough to live in a region where marijuana is legal, there are ways to exchange the two. While if you don’t inhabit such an enlightened area, rumor has it there are still ways and means to get your fix without touching fiat. Here are five options
Business

Court Sides With SEC, Grants Injunction Against Issuing GRAMs

[ad_1] A United States District Court has granted an injunction against Telegram, preventing the company from issuing its GRAM tokens at the present time.Court says that GRAMS are securities under Howey testPer a March 24 filing granting the Securities and Exchange Commission’s request for a preliminary injunction, the Court wrote that:“The Court finds that the SEC has shown a substantial likelihood of success in proving that  the contracts and understandings
EXCHANGES

Ripple-Backed Forte Adds 5 More Gaming Partners

[ad_1] Ripple partner Forte announced that it had teamed up with five game developers to leverage its blockchain platform for mobile and PC games. Forte Partners with Makers of Power Rangers: Battle for the Grid, Smite Forte, a blockchain platform provider and a partner of Ripple, announced that it had reached agreements with five game developers to create blockchain-based games. Forte’s new partners are Hi-Rez Studio, Magmic, Netmarble, nWay, and
Business

Binance Holds $1B in ERC-20 Stablecoins

[ad_1] Binance has more than $1 billion in ERC-20-based stablecoins as of March 24. This figure surpasses a milestone that quite far ahead of second-place Huobi.Binance holds $1,007,585,549 of these stablecoins as of press time, a balance that has grown some $105,583,132 over the past seven days, according to the global stablecoin exchange balance by Nansen.Huobi’s balance is slightly more than half that sum: $694,327,505. That figure represents a growth
BLOCKCHAIN

Turning A Crisis Into An Opportunity, China Getting One Step Closer to CBDC

[ad_1] As central banks around the world are cutting interest rates to zero and taking aggressive action against the economic recession due to the coronavirus pandemic, China’s central bank is accelerating its central bank digital currency (CBDC) plan.According to a Global Times report on March 24, China is one step closer to issuing its CBDC. The Bank of China has completed development of the basic functions of the official digital
Business

Crypto Donation App BABB Waives Fees For Coronavirus Fundraisers

[ad_1] Crypto wallet banking and donation app BABB has announced the debut of its top-up function, a fee-waiving cash-out policy for COVID-19 fundraisers on its platform.According to the announcement, the company has also added a fiat gateway that every Android and iOS user will have access to. BABB clarifies that as long as the users pass the Know-Your-Customer verifications, they will be eligible.That said, customers who have not previously used
BLOCKCHAIN

Solana and Chainlink Team Up To Build A Crazy Fast Oracle

[ad_1] Blockchain platform Solana has joined up with decentralized oracle solution Chainlink to construct an oracle that updates incredibly quickly. "We recently saw market failures due to congestion on Ethereum, including oracle failures,” Solana CEO and founder Anatoly Yakovenko told Cointelegraph in an interview, adding: “What we're building with Chainlink is a high-frequency oracle that can give a price update every 400 milliseconds — and because of our capacity, we shouldn't see
BLOCKCHAIN

Texas Regulator Warns of New Crypto Frauds Amid Coronavirus Outbreak

[ad_1] The Texas State Securities Board (TSSB) has issued a warning on March 23 about crypto scams that have emerged in the wake of the COVID-19 pandemic.The report refers to different types of scam, among which are those related to crypto investments that promise high returns in the midst of the coronavirus crisis.Coronavirus-related scam methodsAmong other scams, one of the most common is called “pump and dump.” The sceme consists of
Business

Crypto.​com Simplifies Crypto Tax Reporting for Its Users

[ad_1] Payments and cryptocurrency platform Crypto.com has simplified cryptocurrency tax reporting for its users through a new partnership with three tax providers.On March 24, Crypto.com announced the collaboration with crypto tax calculator CoinTracker, crypto tax software platform TokenTax and crypto tax reporting firm CryptoTrader.Tax.Now, Crypto.com’s users can import their historical crypto transactions from the platform into one of the aforementioned tax reporting platforms to generate necessary tax reports. Users then