Category: Cryptocurrency News

Telegram has notified investors that the TON blockchain project will be launched later than planned, pushing the deadline from Oct. 30 to April 30, 2020. In an email to investors reviewed by CoinDesk, Telegram cited its recent run-in with the Securities and Exchange Commission (SEC), which obtained a restraining order prohibiting Telegram from launching TON and issuing gram tokens, which the agency deemed unregistered securities. The email, which was sent recently to investors in the second fundraising round from March Read more …

The U.S. SEC, Fincen and CFTC issued a rare joint statement Friday addressing regulation of “activities involving digital assets.” Citing crypto’s perceived role in money laundering and terrorism, the regulatory power trio prescribed stricter adherence to anti-money laundering (AML) policies and know your customer (KYC) protocols. The statement is a highly visible product of the new crypto reality: for many, it’s no longer about Satoshi’s vision, but regulated, de-clawed digital assets for the obedient masses. Also Read: Telegram Awaits Court Read more …

David Marcus has stated that he is a fan of the original crypto asset. The newly-appointed member of the Libra board of executives added that differences between the currency, originally detailed by Facebook in June, and Bitcoin mean that the two are not in competition. Marcus, like many others, used the term “digital gold” to describe Bitcoin. In contrast to the number one cryptocurrency by market capitalisation, Libra is focused on maintaining a fixed value and allowing easier access to Read more …

The United States Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action against Nevada-based Circle Society. Defendants guaranteed investors 300% return On Oct. 16, the CFTC announced that it was charging Circle Society and its owner, David Gilbert Saffron, with “fraudulent solicitation, misappropriation, and registration violations relating to an $11 million binary options scheme.” According to the charges, the defendants misappropriated at least $11 million worth of Bitcoin (BTC) and U.S. dollars from individuals in the Read more …

A top Federal Reserve official said Wednesday that the U.S. central bank is “actively looking at and debating” issuance of a digital currency, amid growing worries among current and former regulators that the dollar might be at risk of losing its status as the world’s reserve currency. Speaking at a local business event in Austin, Texas, Federal Reserve Bank of Dallas President Rob Kaplan said: “We have not at the Fed decided to pursue or drive to develop a digital Read more …

Denis Beau, the deputy governor of France’s central bank, Banque De France, recently delivered comments regarding central banks’ approaches to cryptocurrencies. Establish appropriate cryptocurrency regulations  On Oct. 16, Beau spoke at the Official Monetary and Financial Institutions Forum conference in London, where he discussed the role of cryptocurrency assets in today’s global financial payment system. Beau stated that the traditional bank-based ecosystem could face significant changes due to the many technological developments, such as blockchain and distributed ledger technologies, further Read more …

Bitcoin (BTC) and the aggregated crypto markets have incurred some bearish momentum over the past several hours, as sellers have pushed the cryptocurrency’s price below a key support level, which could mean significantly further losses are imminent. It is important to note that BTC did wick as low as $7,900 overnight before bulls stepped up and pushed it back towards $8,000, although multiple key technical indicators signal that the crypto will likely further extend its recent downtrend. Bitcoin Breaks Below Read more …

Today’s average cryptocurrency investors, which number in the hundreds of thousands, may not even be aware that they need to pay taxes on their cryptocurrencies. But there is no longer any reasonable doubt regarding the need for reporting capital gains, compliance, auditing, accounting and taxation to the tax authorities. As of October 9, 2019, the IRS has issued official legal guidance on cryptocurrency taxation for the second time in five years. There is a growing list of cryptocurrency businesses and Read more …

A startup focused on Bitcoin management has launched a service to make passing on Bitcoin as part of inheritance easier. The service, known as the Casa Covenant, addresses one of the biggest issues with using Bitcoin as a long-term store of value.  The service will introduce an extra private key that may be used in conjunction with those already available as part of Casa’s key management solution. The key will be held by an attorney appointed by the Bitcoin holder Read more …

The Swiss Federal Council is continuing to keep close tabs on global stablecoin projects and their possible opportunities and challenges. Switzerland is seen as very crypto-friendly In a press release on Oct. 16, the Swiss Federal Council stated that it was recently informed about “current opportunities and challenges associated with stablecoins” and that Switzerland will continue to monitor new digital technology developments, such as blockchain and distributed ledger technology. The Federal Council states that, while the mountainous Central European country Read more …

⁠David Marcus, the head of Facebook’s forthcoming cryptocurrency wallet Calibra, said that he is a fan of Bitcoin (BTC), but it is totally different than the proposed Libra stablecoin. Bitcoin is digital gold, Marcus Says In a Squawk Box interview on Oct. 16, Marcus stated that he has been looking at Bitcoin since 2012 and considers it to be akin to digital gold. When asked by Squawk Box co-host Joe Kernen if he owns any Bitcoin or other cryptocurrencies, Marcus Read more …

The initial coin offering may have all but died, but the ICO scammer marches on regardless. Whereas legitimate projects have to wrangle with all kinds of challenges including the strength of the market, generating value for investors, creating a real product and actually delivering on the promises they make, the soulless scammer is unencumbered by technical constraints, work ethic or any sense of decency. Also read: Bitcoin’s Smallest Unit ‘Satoshi’ Added to Oxford English Dictionary How Do You Kill That Read more …