G20 countries commit to regulating cryptocurrencies according to FATF standards

All G20 countries have signed a joint declaration in Buenos Aires in which they promise to adhere to the Financial Action Task Force (FATF) standards for regulating and combating the use of cryptocurrencies for financing terrorism and money laundering. According to a Saudi Gazette...

Japan reveals plans to regulate Initial Coin Offerings

Japan's top financial regulator, the Financial Services Agency (FSA) is hard at work trying to figure out how to best regulate initial coin offerings. Besides registration requirements, the agency is apparently considering to revise two existing lows which can also be employed for token sales.

Ohio first state to accept Bitcoin for business tax payments

Ohio plans to become the first U.S. state and also among the first governments in the world to accept cryptocurrency. The state will accept Bitcoin payments for 23 types of business taxes starting November 26. The Ohio State plans to offer Bitcoin as a means to paying state taxes via the...

Tether redeems and destroys $500 million worth USDT tokens

Tether has officially "redeemed a significant amount" of USDT stablecoin tokens on Wednesday, October 24. According to the data, the redeemed tokens are worth $500 million and account for 52% of the total supply. During the past few weeks, Bitfinex has been transferring USDT tokens worth millions of dollars back...

World’s first digital currency ‘cold storage’ to launch in Dubai

Regal RA DMCC, one of the biggest gold investment and trading firms in Dubai, will be the first company in the Middle East to get its license to trade cryptocurrencies. The company stated that it will also launch the world's first 'cold storage' vault which will allow investors to...

Ethereum Constantinople hard fork release date set for January 2019

Last month, an initial test of Ethereum's Constantinople hard fork uncovered some consensus issues during its testnet deployment. For this reason, the hard fork which was earlier scheduled for this month will apparently launch on the 16th of January 2018. The new release date was announced on Friday, November 9th during...

Floyd Mayweather and DJ Khaled fined by SEC for ICO promotions

Last year during the crypto bull market, professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled were getting paid to promote Initial Coin Offerings (ICOs) for new digital tokens. Yesterday, the U.S. Securities and Exchange Commission (SEC) has announced both celebrities have to return all the money they made...
Starbucks will not accept Bitcoin

No coffee for Bitcoin, Starbucks says

On August 3, Starbucks, Microsoft, and Intercontinental Exchange announced a new cryptocurrency venture known as Bakkt. Bakkt is a global ecosystem for digital assets designed to allow individuals, as well as institutions to buy, sell, and spend digital assets on a unified network. Nevertheless, the media was quick to jump...

Bitbox crypto exchange soon to list Gemini Dollar (GUSD)

The Gemini Dollar (GUSD) will soon be listed on Bitbox, an encrypted crypto exchange platform, according to an official announcement form Gemini, a digital asset exchange. Gemini launched GUSD on September 10th, and the new currency is the world's first regulated stablecoin that finally makes US dollars available on the blockchain. One...

Chinese police arrests hackers suspected of stealing $87 million in crypto

According to the local news publication Xinhua, the Chinese police have detained three hackers who allegedly stole approximately $87 million in cryptocurrency. The investigations began after a man named Zhang has filed a complaint with local police on March 30 in the city of Xi'an. He declared his computer has been...

The XBlockchain summit will soon gather leaders in tech, government, and business

The XBlockchain summit will assemble a select group of experts and leaders from tech, government and business three weeks from now. Based in Bali, the summit will take place in parallel with the annual meetings of the World Bank Group and the IMF. XBlockchain and the Indonesian Blockchain Association (ABI)...

Tether role in Bitcoin price manipulation investigated by US officials

The US Department of Justice started a criminal investigation in May 2018, looking into a potential involvement of traders in manipulating Bitcoin's price when it reached the all-time highs in December 2017. Attorneys now have a new suspicion that Tether and crypto exchange Bitfinex which have the same management team...

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