Government

Fan Token Platform Socios Secures Key Regulatory License

Socios.com, a blockchain startup aiming to tokenize the sports industry, has secured a major regulatory license allowing it to issue its own payments and loyalty card. Issued by the Estonian Financial Intelligence Unit, or FIU, the new license has been granted to the new Estonia-based entity called Socios Entertainment OU. Announcing the news on July …

Fan Token Platform Socios Secures Key Regulatory License Read More »

Crypto Is Next Step in Currency Evolution but Must Adapt to Succeed

As the human race evolves, our means of exchanging value also continuously develops. From the barter system that dates back to 6,000 B.C. to the present-day use of fiat currency, the human race has been on a nonstop journey toward creating more efficient exchange methods. Factors such as convenience, availability, stability and sustainability have played …

Crypto Is Next Step in Currency Evolution but Must Adapt to Succeed Read More »

Liquid Exchange Confirms Asset Delistings Due to Regulatory Requirements

Japanese exchange Liquid recently unveiled a mass asset removal from its platform, which COO Seth Melamed claimed necessary for legal compliance. “Liquid works closely with regulators in Japan and Singapore,” Melamed told Cointelegraph on July 25. Referring to Anti-Money Laundering, or AML, and Combating the Financing of Terrorism, or CFT, regulations, he added: “As part …

Liquid Exchange Confirms Asset Delistings Due to Regulatory Requirements Read More »

US State of Texas Saddles Up to Become the Next Blockchain Capital

Everything is bigger in Texas, and now the state with the second-largest geographical area in the United States is aiming to prove that it can lead the way in blockchain innovation. While well-known companies like Hedera Hashgraph and Bitmain have already established a strong presence in Texas, the state has recently formed its own blockchain …

US State of Texas Saddles Up to Become the Next Blockchain Capital Read More »

Wirecard Exec Reportedly Used Bitcoin to Move Funds to Russia

Wirecard chief operating officer Jan Marsalek reportedly used Bitcoin (BTC) to move funds from Dubai to Russia. Russian media outlet Kommersant reported on July 20 that Marsalek is hiding in Russia with funds that he was able to transfer there with the cryptocurrency. Per the report, Marsalek is currently in a private house near Moscow …

Wirecard Exec Reportedly Used Bitcoin to Move Funds to Russia Read More »

Bank of Japan Has New CBDC Research Team But No Plans to Launch

The Bank of Japan announced on July 20 that it had formed a new team to accelerate research into the feasibility of central bank digital currencies (CBDC). The team takes over from a previous group formed earlier this year, and will also continue research work undertaken with other central banks. BoJ said it does not …

Bank of Japan Has New CBDC Research Team But No Plans to Launch Read More »

FTC investigation of Facebook may not finish before 2021

REUTERS/Erin Scott TPX IMAGES OF THE DAY Don’t expect the FTC to wrap up an antitrust investigation of Facebook before 2020 is over. New York Times sources say it’s now “virtually impossible” for the FTC to finish an investigation of Facebook before 2021. There’s still progress, according to the tipsters, but much of what’s happening …

FTC investigation of Facebook may not finish before 2021 Read More »

Venezuela Bans Bitcoin Mining Operations in the Country’s Public Housing Sector

700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its … read more. Bitcoin.com …

Venezuela Bans Bitcoin Mining Operations in the Country’s Public Housing Sector Read More »

Disgraced Lobbyist Abramoff Will Pay $55K as Part of Guilty Plea in SEC Case

Per a July 15 judgment in the case of the SEC v. Abramoff, Jack Abramoff will pay $55,000 in disgorgement and interest for his involvement in promotion for AML Bitcoin. Abramoff will also be permanently barred from participating in any future securities offerings. The San Francisco court behind the ruling is seeing concurrent criminal charges, …

Disgraced Lobbyist Abramoff Will Pay $55K as Part of Guilty Plea in SEC Case Read More »

Major Lobbyists in DC See a Shift in Regulatory Tone Towards Crypto Since Pandemic

Speaking with Circle’s Jeremy Allaire on July 16, several key figures in lobbying on behalf of crypto and blockchain in Washington, D.C. spoke to a major rise in education and interest in the sphere on the part of regulators. Coronavirus to digitization Perianne Boring, the founder and president of the Chamber of Digital Commerce, pointed …

Major Lobbyists in DC See a Shift in Regulatory Tone Towards Crypto Since Pandemic Read More »