What will happen to foreign P2P marketplaces operating in Venezuela? Due to the regulations and sanctions related to the U.S. Office of Foreign Assets Control, or OFAC, Paxful announced that they will no longer provide services in Venezuela, according to an announcement on September 14. In a statement sent to Cointelegraph, Paxful’s CEO, Ray Youssef,…
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The times they are a-changin’. Jim Cramer, host of the popular CNBC mainstream markets show, Mad Money, described changing mindsets across generations as they relate to wealth storage. “I think that my kids, when they get my inheritance, won’t feel comfortable with gold, and will feel comfortable with crypto,” Cramer told Morgan Creek Digital co-founder…
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One aircraft comes at a cost of roughly 3,750 Bitcoin. A private aircraft sales company has started allowing customers to purchase any of their multi-million dollar jets using Bitcoin. According to a Sept. 13 report from news outlet Business Insider, U.S.-based Aviatrade is currently selling an upgraded 2014 Gulfstream G650ER for $40 million — roughly…
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‘Virtual crypto assets are securities, unless proven otherwise,’ the Nigerian SEC said. The Securities and Exchange Commission of Nigeria has officially defined digital assets under its regulatory umbrella. In a Sept. 14 statement, the Nigerian Securities and Exchange Commission, or SEC, defined tokens and coins in the country’s financial markets. The commission stated that these…
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The institutional adoption of digital assets and DLT is a clear signal that a new model for trading, ready to break down liquidity silos, is emerging. Economists, pundits, institutions and investors often talk about the global financial system. When stocks go up and trade thrives, they applaud its contributions to prosperity; when the markets crash…
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The boost may come down to the popularity of one specific token. Data indicates that Coinone, a South Korean exchange, saw its user base rise by about 10,000 people per month after listing Kakao’s klaytn (KLAY) token in June. The token was listed after Kakao, a tech giant who runs the most popular chat app…
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This region in South Korea may adopt a blockchain voting system. On September 11, the head of the Seocho regional government proposed a blockchain-powered voting platform for residents, and praised the recent influx of crypto-related developments across the country. According to UpDown Korea, Cho Eun-hee, who is the local government leader of one of Seoul’s…
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Bitcoin still has ground to make up in the mainstream world. Following the news of Fidelity Investments’ Bitcoin (BTC) fund filing, Mike Alfred, CEO of analytics outfit Digital Assets Data, described continued hesitancy in mainstream finance when it comes to Bitcoin. “Many in the traditional financial services/asset management/wealth management verticals remain deeply skeptical of Bitcoin…
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Another massive Bitcoin ad rolls out in Hong Kong, urging citizens to “be their own bank.” The Bitcoin Association of Hong Kong, a major local alliance promoting crypto awareness and education, is launching the “Bitcoin Tram” ad campaign in Hong Kong; one of the world’s main global financial centres. According to a Sept. 11 announcement,…
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Crypto businesses are unsure how to react to new regulations in the Russian Federation. Russia’s new cryptocurrency-related law, “On Digital Financial Assets,” or DFA, seems to have had little impact on the local cryptocurrency industry so far. In its current form, the DFA law essentially provides legal status to digital assets like Bitcoin (BTC), but…
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