Bitcoin News

SEC, CFTC, IRS And Others: A Guide To US Regulating Bodies

Regulation of crypto in the US is complex. Here’s a guide to navigate you through. On May 22, 2018  the US Commodity Futures Trading Commission (CFTC) issued an advisory statement for listing virtual currency derivative products. The statement is aimed at providing clarity for exchanges and clearing houses. Previously this week, major US cryptocurrency exchange and wallet Coinbase spoke to regulators about obtaining a federal banking charter. Those events came

South African Police Investigate Alleged Crypto Ponzi-Scheme Involving 28,000 Investors

South African Police are investigating an alleged crypto ponzi-scheme in which over 28,000 investors are said to have suffered losses exceeding $80 mln. South African Police are pursuing an alleged major cryptocurrency investment fraud, according to a police statement released yesterday, May 25. According to the statement, over 28,000 investors are said to have suffered losses exceeding 1 bln rand ($80.4 mln). The Hawks, an investigative unit of South Africa’s

Russian Central Bank’s Deputy Governor: Blockchain Tech Still Needs to ‘Mature’

The First Deputy Governor of the Russian Central Bank has said that blockchain technology is not yet “mature” enough to be used on an industrial scale. First Deputy Governor of the Russian Central Bank Olga Skorobogatova has said that blockchain technology is not yet “mature” enough for industrial-scale use, local media outlet Prime reports today, May 26. During a discussion at the St. Petersburg International Economic Forum, Skorobogatova suggested that

UK Financial Regulator Opens 24 Investigations Into Crypto Businesses for Compliance

UK financial regulator the FCA has confirmed opening 24 investigations into cryptocurrency businesses. UK authorities have opened 24 investigations into cryptocurrency businesses over financial regulatory compliance, local media outlet CityWire reported May 25. Responding to a freedom of information request, regulator the UK’s Financial Conduct Authority (FCA) also confirmed it had opened seven whistleblower reports since the start of the year. While the FCA did not mention which specific businesses

Crypto Markets See Some Green After Week of Lows, Bitcoin Price Hovering Around $7,500

Although Bitcoin is still under $8,000 and Ethereum dancing around $600, the crypto markets are experiencing slight growth today. May 25: although crypto market prices are still down after the week’s losses, the maps are showing green today, according to data from Coin360. Market visualization from Coin360 A rally across the board predicted in the wake of last week’s Blockchain Week in NYC did not come into fruition, with the

US’ Fourth Largest Railway Company Joins Blockchain in Transport Alliance

US transport giant Norfolk Southern Corp. is joining the Blockchain in Transport Alliance (BiTA), which has already gathered 250 members since 2017. US transport giant Norfolk Southern Corp. (NSC) revealed it is joining the Blockchain in Transport Alliance (BiTA) in a company announcement yesterday, May 24. The BiTA trade association formed in 2017 to popularize and develop blockchain applications in the transport and logistics industries, as well as to establish

Celebrity-Themed CryptoKitties Take a ‘Cat Nap’ Amid NDA Lawsuit

The developer behind the CryptoKitties phenomenon has pulled its celebrity products as it faces a legal suit over alleged NDA violation. CryptoKitties developer Axiom Zen said a lawsuit over its celebrity products involving basketball player Steph Curry “falsely accuses” it of theft, VentureBeat reports May 25. In a statement quoted by the publication, Tradestar, a California-based developer which allegedly planned to partner with Axiom on Curry’s CryptoKitties, said it and

Bank of England Governor: Open to the Idea of a Central Bank Digital Currency

Governor of the Bank of England Mark Carney said that he is open to the idea of a central bank digital currency at a conference in Stockholm. The Governor of the Bank of England Mark Carney said at the Riksbank Anniversary conference that he was open-minded about the prospect of a central bank digital currency (CBDC), Bloomberg reports May 25. Riksbank is the central bank of Sweden. While he reportedly