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Government agencies all over the world scrutinize ICOs and their associated tokens. The SEC is an excellent example of the most recent developments taking place. Chairman Jay Clayton is seemingly convinced all tokens will be subject to regulation. That may prove impossible to enforce. Jay Clayton has a Unique View SEC Chairman Jay Clayton wants to regulate all tokens in the cryptocurrency industry. In his opinion, any security labeling itself as a token will be scrutinized quite significantly. That in Read more …

The Financial Action Task Force (FATF), an intergovernmental organization that develops policies to tackle money laundering, is planning to develop binding rules for the world’s cryptocurrency exchanges, a report indicates. According to a Reuters report on Tuesday, an unnamed Japanese government official said that the group aims to hold talks around the subject starting on June 24. The move was apparently initiated by calls for a globally coordinated policy on cryptocurrencies from the world’s economic leaders at the G20 meeting in March. While Read more …

Regulation In recent regulatory news, Brett Redfearn, the director of the United States Securities and Exchange Commission (SEC)’s Division of Trading and Markets, has described the self-reporting efforts of cryptocurrency exchanges as “underwhelm[ing],” Hydro-Quebec has again suspended new applications from mining companies seeking to operate in the province, and the SEC has published a new page on its website encouraging consumers to “Get hip to the three ‘Rs’ of ICOs: Risks, Rewards, and Responsibilities.” Also Read: Bitcoin in Brief Tuesday: POT Read more …

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! The ethereum classic price rose by more than 20 percent after US cryptocurrency exchange operator Coinbase announced that it would begin rolling out ETC support later this year. Coinbase to List Ethereum Classic (ETC) Coinbase announced on Monday that ethereum classic would become the fifth cryptoasset to be listed on the firm’s platforms, joining bitcoin, ethereum, bitcoin cash, and litecoin. ETC is currently the Read more …

Summary NEO, frequently nicknamed within the cryptocurrency community as The One,Ethereum ‘‘killer’’ or Chinese Ethereum, is a blockchain platform that implements digital assets, dApps and smart contracts, and tries to solve some scalability and regulatory issues of its competitors. With strong partnerships and support from the Asian cryptocurrency community, NEO is one of the most promising currencies in the crypto-assets space, with the ambitious goal of becoming the main “smart economy” of the world during the next few years. “A Read more …

Multiple Russian corporate giants, including state-owned Gazprombank, have created a joint venture that plans to develop projects in blockchain and the digital economy, local news outlet TASS reported June 9. Russian telecom company MegaFon, Gazprombank, government corporation Rostec, and the USM Group have created a joint venture – referred to as MF Technologies (MFT) – that is worth $450 mln and has a 59 percent stake in Russian Internet giant mail.ru. The initiative plans to focus on developing digital financial Read more …

The Abu Dhabi Securities Exchange has inked a partnership with Equifax, a UK-based fintech company that provides blockchain technology services for capital markets. Equichain will be advising ADX on the best way to use new technologies including blockchain to increase the operational efficiency of the exchange in terms of transaction speed and security. ADX Chief Executive Rashed Al Blooshi released a statement on Monday saying: “The open exchange with Equichain and members of the working group will allow us to Read more …

The financial system is still under a lot of pressure. Since the financial crisis of 2008, very little has changed to alleviate existing concerns. IMF chief Christine Lagarde acknowledges the global economy is not in the best of places right now. Additionally, she remains optimistic about the future of various cryptocurrencies. The Global Economy is in Bad Shape The 2008 economic crisis has shown the world how fragile the global economy really is. No country has been spared from the Read more …

News Fake ether token giveaways are clogging Twitter threads, and seemingly by the second. Targeting well-known ecosystem figures, doppelganger accounts are created, complete with matching avatars. A particularly active post can almost assuredly be counted on to receive seemingly organic calls for participation in free crypto programs hosted by the respective personality. And now they’re incorporating Google+ redirects. And it’s working. And Twitter seems to be either doing nothing about it or is just plain impotent.   Also read: Crypto Read more …

GroundX, the blockchain subsidiary of the South Korean messaging giant Kakao, has announced it will work with a government-backed agency to develop blockchain projects focusing on social and public services. According to a report from CoinDesk Korea on Monday, Lee Jong-Gun – who joined GroundX from a UN big data initiative last month – announced the collaboration during the firm’s “Blockchain for Social Impact” event. For the effort, GroundX will work with the Seoul Digital Foundation, an organization created by Read more …