Business

Crowdlitoken AG Pioneers and Starts Distribution of a Digital Bond – European Retail Investors Benefit as Well

[ad_1] For the first time in Europe, the Liechtenstein Financial Market Authority (FMA) has approved the offering prospectus for a tokenised real estate investment product. [ad_2] [crypto-donation-box type="tabular"] Source link
Business

Leaked Draft Bill Would Ban All Crypto Except ‘Digital Rupee’

[ad_1] Draft legislation that would allegedly impose a ban on the use of cryptocurrencies in India is being circulated by local blockchain legal experts on social media.An unverified document published to Scribd by tech lawyer Varun Sethi on July 15 appears to reveal a draft bill entitled “Banning of Cryptocurrency & Regulation of Official Digital Currencies.” Even if authentic, the bill will not allegedly be debated during the 2019 Monsoon
Business

Binance Announces Burn of Team’s BNB Token Supply

[ad_1] Major cryptocurrency exchange Binance announced that it completed the eighth Binance Coin (BNB) token burn and that it intends to also burn the tokens allocated to its team in an announcement published on July 11.Per the announcement, 808,888 BNB (equivalent to over $23.7 million at press time) of the Binance’s team allocation have been burned in the event. The exchange notes that the burn is part of the firm’s
Business

Promise Land or Wishful Thinking?

[ad_1] Why have blockchain pilots in real estate abated somewhat? Those projects bump up against the fundamental inconsistency of blockchain and existing state system, and it seems they cannot confessed to this.First, there is no such thing as the use of blockchain for real estate. There are plenty of different concepts and ideas, and as you will find below, some of them are useless. And when you consider probably the
Business

Ethereum-Based Augur Enhancement App Veil Closes Up Shop

[ad_1] The Ethereum-based predictions platform Veil is shutting down, according to an official Medium post on July 11.As of July 11, no new markets will be added to the platform. Trading will be disabled entirely on July 24. Veil co-founder Paul Fletcher-Hill recommended that users redeem open positions, withdraw positions from active markets, and withdraw Veil Ether and convert it to Ether. Veil was a type of extension to the Ethereum-based
Business

Ethereum Co-Founder Mihai Alisie Concerned Over Libra Centralization

[ad_1] Ethereum’s co-founder Mihai Alisie is extremely concerned that Facebook is attempting to hoodwink regulators into approving a centralized “cryptocurrency,” according to a report by Bloomberg on July 11.In an interview with Bloomberg, Alisie stressed that Facebook is attempting to get regulator approval for its yet-to-be-released virtual currency Libra by claiming that it will not be centrally controlled by Facebook, or other business giants, five years down the line.Alisie reportedly
Business

Texas Court Orders Defendants to Pay $400K for Fraudulent Bitcoin Scheme

[ad_1] A Texas Federal Court has ordered two defendants to pay $400,000 for conducting a fraudulent scheme to solicit Bitcoin (BTC) from members of the public, the United States Commodity Futures Trading Commission (CFTC) announced on July 10.Judge Reed C. O’Connor of the U.S. District Court for the Northern District of Texas filed an Order and Default Judgment on June 28, 2019, alleging that U.S. citizens Morgan Hunt and Kim
Business

Police in China Seizes 4,000 Crypto Miners After Abnormal Energy Spike

[ad_1] Police in China arrested 22 suspects allegedly involved in illegal crypto mining activity that led to energy loss worth of about $3 million, local media outlet XinhuaNet reports on July 12.Police in Jiangsu, China’s eastern-central coastal province, have reportedly seized 4,000 hardware units that were illegally used to mine cryptocurrency such as Bitcoin (BTC) at nine factories.According to the report, Jiangsu police launched a criminal investigation after a local
Business

Bank of English Governor on Libra as a Solution to Financial Problems

[ad_1] Bank of England governor Mark Carney said that people need to acknowledge the issues Facebook is attempting to solve with Libra, regardless of the project’s potential downsides. Carney delivered his remarks at the Financial Stability Report press conference as seen on the Bank of England’s YouTube channel on July 11. Carney said:“It’s way too expensive to do domestic payments. It’s way too slow, and that hurts consumers and businesses. It
Business

President Donald Trump Tweets Opposition to Cryptocurrencies

[ad_1] Disclaimer: this story is breaking and will be subject to updates.President Donald Trump voiced his opposition to cryptocurrencies as a whole, Bitcoin and Libra specifically in a series of tweets around 8:15 p.m. EST on July 11.The full text of the three tweets reads: “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated