Researchers at the Bank for International Settlements think that crypto prices respond well to clear regulation, though they drop when governments issue bans. Researchers from the Bank for International Settlements are finding that cryptocurrency markets actually react positively to news of clear regulations. Findings? Crypto is not such a wild west after all Per a…
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The former CEO of Intercontinental Exchange subsidiary Bakkt, now a Republican senator for Georgia, has been rewarded with a new appointment despite recent controversies. The former CEO of Intercontinental Exchange subsidiary Bakkt and a current Republican senator for Georgia, Kelly Loeffler, has been rewarded with a new appointment despite recent controversies. In a tweet published…
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A Florida resident has been charged by the CFTC for raising $1.6 million through a fraudulent cryptocurrency and forex trading scam. The United States Commodity Futures Trade Commission (CFTC) has filed a complaint against Florida resident Alan Friedland for fraudulently raising $1.6 million through a cryptocurrency tied to a forex trading scheme. The April 16…
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A member of the House Financial Services Committee is dissatisfied with Facebook’s updated whitepaper for Libra and still wants to make sure the token is registered with the SEC. A United States congresswoman has said that she will keep working to brand Facebook’s planned stablecoin Libra a security. Facebook and the Libra Association may well…
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Crypto investor Michael Terpin has filed an opposition to telecom giant AT&T’s motion to strike out his $200 million punitive damages claim in the long-running SIM swap case. Crypto investor Michael Terpin has filed an opposition to telecom giant AT&T’s motion to strike out his $200 million punitive damages claim in the long-running SIM swap…
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The Dutch implementation of the EU’s anti-money laundering directive will cost crypto-businesses a fortune. The Dutch Ministry of Finance’s implementation of the European Union’s fifth anti-money laundering directive, or AMLD5, requires the country’s Central Bank to monitor its cryptocurrency industry. The cost of this supervision will be passed on to crypto-based businesses. A recent report…
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The Philippines Securities and Exchange Commission has flagged its third cryptocurrency scam this month, warning investors against a scheme dubbed “The Billion Coin.” The Philippines Securities and Exchange Commission (SEC) has flagged its third cryptocurrency scam this month, warning investors against a scheme dubbed “The Billion Coin” (TBC). Marketed as a so-called “abundance-based cryptocurrency,” the…
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China brings together 15 organizations to develop national standards for blockchain and DLT. The Chinese government and its federal authorities are getting increasingly involved in the blockchain space to push forward innovation throughout the country. In the latest, the government released an official notice stating that they have put together a technical committee of 15…
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A 61-year-old who sold oxycodone on the Silk Road in 2012 has had his request for a compassionate release amid the COVID-19 pandemic rejected. Court filings show that New York federal judge Jed Rakoff has rejected the request of a 61-year-old toy merchant-turned Silk Road vendor for a compassionate release amid the coronavirus pandemic that…
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Main Street businesses hit by the COVID-19 crisis finally have access to a lifeline from fintech lenders. Main Street businesses hit by the COVID-19 crisis now have access to a lifeline from fintech lenders. On April 9, the United States Small Business Administration (SBA) released its application form for nonbanks to sign on as lenders…
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