Telegram raises over $850 million in its token pre-sale

Telegram, the popular messaging app, said in a recent statement that their ICO token pre-sale raised over $850 million, making it the biggest funded ICO in the history of cryptocurrency. By comparison, Tezos raised $230 million in 2016, followed by Filecoin which raised around $200 million. Telegram announced their ICO...

Japan passes self-regulation for cryptocurrency industry

The Financial Services Agency (FSA), Japan’s primary financial regulator has officially passed a self-regulatory status for the cryptocurrency industry allowing an industry body to oversee the country's exchanges. On Wednesday, Oct. 24, the Japan Virtual Currency Exchange Association (JVCEA) became a 'certified fund settlement business association'. The body is composed of...

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...

Japanese Authorities Issue Administrative Penalties to Zaif

The Japanese authorities continue to face problems related to the activities of virtual cryptocurrency exchanges. Ministry of Finance issued a "business improvement order" to Tech Bureau Inc, owner of cryptocurrency exchange Zaif, who was recently hacked for ¥6.7 billion ($60 million). The statement reads:  About Administrative Penalties for Tech Bureau Inc.   1. For the Tec Bureau (head...

Swissquote online bank opens access to ICOs for clients

Swissquote, a Switzerland-based online provider of financial and trading services announced their platform can now be used by clients to participate in Initial Coin Offerings. The Swiss bank will handle the token execution and custody. They also provide trading for five major cryptocurrencies. During their announcement on Monday, the bank...

Coinbase wins patent for secure Bitcoin payments system

Coinbase filed a patent describing a payment portal that would allow secure Bitcoin payments directly from users' digital wallets. The patent was published on August 14 and its aim is to secure Bitcoin purchases for customers. According to the patent, there's always a chance private keys of users' Bitcoin addresses...

Indian official recommends a ban on ‘private crypto’ prior to Supreme Court Decision

According to a report published by the Indian Government Press Center on Oct. 31, Shri Subhash Chandra Garg, India's secretary of Economic Affairs has suggested the country's Ministry of Finance to force a ban on "private cryptocurrencies". A meeting regarding India's current economic and financial situation held by the Financial...

TRON’s CEO hints at future partnership with ’10s of Billions’ worth ‘industry giant’

CEO of decentralized internet startup TRON has suggested the company will establish a partnership with an unknown large business valued at "tens of billions of dollars" in the near future. The tweet was posted today, Oct. 12, and is very brief but clear: https://twitter.com/justinsuntron/status/1050721196843495426 Obviously, comments have been pouring ever since, as...

Singapore government develops blockchain based security token system

The Monetary Authority of Singapore (MAS) in collaboration with the Singapore Exchange (SGX) has been developing an automated Delivery versus Payment (DvP) platform. The platform aims to allow the settlement of tokenized securities across various blockchain platforms. The announcement was made over the weekend during which the MAS and SGX...

Coindesk silently launches OTC crypto trading desk

Coinbase, the well-known U.S.-based cryptocurrency exchange opened its over-the-counter (OTC) crypto trading desk for its Prime clients earlier this month. In an interview with news outlet Cheddar, Christine Sandler, head of sales at Coinbase, declared that the company opened its OTC desk as an addition to its exchange business because...

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...

US Lawmakers ask the IRS for clarity on crypto taxation

The Internal Revenue Service (IRS) has received an open letter signed by lawmakers from the U.S. House of Representatives requesting more clarity on crypto tax reports for digital currencies such as Bitcoin and Ethereum. The open letter was sent on behalf of Congresmen David Schweikert, Brad Wenstrup, and Darin Lahood,...

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