Business

SEC Claims Telegram Injunction Applies to ‘Any Person or Entity’

[ad_1] The United States Securities and Exchange Commission has opposed Telegram’s request for clarity regarding the geographic scope of a court injunction barring the company from distributing its Gram (GRAM) tokens.In a letter to Judge Castel dated March 30, the SEC asserts that the injunction “unambiguously, and properly, applies to Telegram’s delivery of Grams to ‘any person or entity’ [...] and requires no clarification.”The Gram tokens correspond to the firm’s
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Bitcoin Starts Strongest Quarter Q2 With Price Down Just 10% YTD

[ad_1] Bitcoin (BTC) has in total suffered just 10% from the coronavirus outbreak which obliterated stocks and caused the United States to print $6 trillion.That was according to the latest quarterly price data from monitoring resource Skew.com on March 31, which showed that for Q1 2020, BTC/USD is only down by around 10.7%. Bitcoin streets ahead of macro assets in 2020At press time, the pair remained higher after seeking new support
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Civic Wallet Now Offers $1M ‘FDIC-Like Insurance’ for Crypto

[ad_1] Civic Wallet is a multi-signature non-custodial wallet that now comes with a $1,000,000 guarantee from Coincover.Civic Technologies (CVC) has been known in the crypto space as one of the leading providers of decentralized identity and is now purportedly the first company to offer a non-custodial wallet with $1,000,000 protection. The wallet is currently in private beta.Speaking to Cointelegraph, Civic co-founder and CEO, Vinny Lingham compared its key feature to
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Coinbase Reports Record Bitcoin Buying Amid March 12 Crash

[ad_1] Leading United States-based cryptocurrency exchange Coinbase has published a report providing detailed insights into how its users responded to the violent crypto market crash suffered on March 12.While many in mainstream markets were panicking as President Trump’s travel ban sent shockwaves across the global economy, crypto traders on Coinbase were mobilizing funds to buy the dip, according to a report published March 31.Retail traders on Coinbase rally to buy
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Bitcoin & Stocks Rise as US Economy Grinds to a Halt — Furloughs Soar

[ad_1] Monday proved to be a surprisingly fruitful day for Bitcoin (BTC) price as the digital asset rallied 12.73% to $6,599 before pulling back to $6,380 a few hours later. Despite gloomy news of the U.S. reaching 3,000 deaths from the Coronavirus and major retailers furloughing 500,000 workers, traditional markets also surged on Monday. The S&P 500 rallied 3.35% while the Dow and Nasdaq gained 3.19% and 3.62% respectively.  Crypto market daily
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Tokyo District Court Extends Mt. Gox Rehabilitation Plan Deadline

[ad_1] The trustee of now-defunct Japanese cryptocurrency exchange Mt. Gox has extended the deadline for the submission of rehabilitation plans. According to an official announcement published on the company’s website on March 30, Mt. Gox Rehabilitation Trustee Nobuaki Kobayashi filed a motion with the Tokyo District Court to extend the submission deadline of a rehabilitation plan. On March 27, the court released an order to extend the deadline to July 1,
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Kleiman Estate Calls on Former nChain CEO for Deposition in Craig Wright Case

[ad_1] After a court slammed Craig Wright for producing forged documents and giving perjured testimony in the ongoing legal circus between Wright and Ira Kleiman’s estate concerning the Tulip Trust, Kleiman’s legal team is hard at work finding a key witness. Wright’s legal team are trying to subpoena former nChain CEO Jimmy Nguyen to provide a deposition. However, it seems like they are having a difficult time tracking him down. Wright’s
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Singapore Crypto Exchange Eyes US Expansion After Registering With FinCEN

[ad_1] While global cryptocurrency firms increasingly come to Singapore to benefit from its crypto-friendly ecosystem, some local firms are also expanding their operations beyond local jurisdiction.Bitget, a Singapore-headquartered digital asset platform, has obtained regulatory approval from the United States Financial Crimes Enforcement Network (FinCEN), the primary regulator for money service businesses in the country.MSB license is part of Bitget’s strategy to be compliant in “as many regions as possible”According to
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Bank of France Launches Experiment Program on Central Bank Digital Currency

[ad_1] As a number of global jurisdictions like the Bahamas and Sweden are already testing their central bank digital currencies (CBDC), French central bank is getting more straightforward regarding its own CBDC plans.The Bank of France is now officially launching a program of experiments to test the integration of a CBDC for interbank settlements, inviting potential participants to submit their applications.Bank of France doesn’t insist on blockchain implementation for CBDCAccording
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The Law is Coming for Bitcoin, Warns Satoshi Claimant Craig Wright

[ad_1] The man who claims to be Satoshi Nakamoto says 2020 is the year the law comes for Bitcoin. Writing on his personal blog, Craig Wright offered a view of Bitcoin’s future which doesn’t bode well for operators of Bitcoin’s Lightning Network, or the coin’s miners.One of Bitcoin’s biggest attractions is its supposedly permissionless, authority-resistant nature. But according to Wright, these are illusions.Wright claims that any amount of Bitcoin purchased