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Crypto Exchange Startup INX Plans to Raise $130 Million in Landmark IPO
20.8.2019
A crypto trade startup, INX Limited, plans to raise funds for 129.5 million dollars through an Initial Public Offering (IPO), in the sale of first security token enlisted with the U.S.SEC (Securities and Exchange Commission). Additionally, INX’s deal would be one of the largest, thoroughly...
China Outlined Plans for Development of Shenzhen Special Economic Zone, Which Includes Promotion of Digital Currency
19.8.2019
The Central Committee of the Communist Party of China on 18th August laid out the strategies for the future improvement of the Shenzhen Special Economic Zone, which includes the research and development of digital assets and the national cryptocurrency dependent on the renminbi. Especially,...
All-Crypto Retirement Accounts Will Be Fined: Australian Tax Office
16.8.2019
Investors who hold 90 percent of their retirement savings in cryptocurrencies may face penalties of up to 4,200 AUD
Binance Removes US Resident Ban, Plans US Launch in "a Month or Two"
16.8.2019
Source: a screenshot, Instagram/Binance
As Binance CEO confirmed that its American branch will open within “a month or two,” the exchange also appears to have removed the previously reported ban for U.S. residents on its main trading platform.
In an interview with Cheddar on Thursday, Binance...
R3 Announces Plans to Open New Office in Dublin in 2020
15.8.2019
The Enterprise blockchain software firm, R3 declares its plans to open the second European office in Dublin in 2020, as a significant part of its fast extension plans. The workplace will fill in as another of R3’s tech hubs and will be initially staffed by specialists in engineering who will...
India Plans to Introduce Crypto Bill Next Parliament Session – A Look at Community Responses
10.8.2019
The Indian government has submitted a draft crypto bill to the supreme court and expressed its intention to introduce the bill in the next parliament session. The court subsequently set a new date to hear the case relating to crypto regulation. Meanwhile, the Indian crypto community has ramped...
Ripple in 'Multiple' M&A Talks, Plans 100 New Contracts in 2019
9.8.2019
Brad Garlinghouse. Ripple, a California-based major blockchain startup focusing on the banking sector, is in talks over "multiple" potential investments and acquisitions, CEO Brad Garlinghouse confirmed.
In an interview with Yahoo Finance UK on Friday, the CEO said that, when it comes to the areas...
Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide
9.8.2019
Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup...
ECB Says It Plans to Use More On-Chain Data to Monitor Crypto Assets
7.8.2019
The European Central Bank has issued a new report revealing plans to use more granular blockchain data to better monitor the crypto markets
South Korean Watchdog Plans Direct Supervision of Crypto Exchanges
7.8.2019
A South Korean financial watchdog under the Financial Services Commission aims to more closely supervise exchanges in line with FATF standards
Thailand Government Plans to Amend AML Laws to Prevent Illicit Activities using Cryptocurrencies
6.8.2019
Regulator of Thailand declared that the controller would make changes in the regulation to avoid crypto use for unlawful operations, a local news outlet said. Besides, he declared that AMLO would concentrate on revising existing anti-money evasion regulations to counteract the utilization...
Samsung Galaxy Note 10 to Feature Crypto Wallet, SDK in Plans – Report
6.8.2019
What the Note 10 Plus will reportedly look like. South Korean media outlets are confirming that Samsung’s newest flagship phablet, the Samsung Galaxy Note 10, will feature a cryptocurrency wallet.
The new device, a phone-tablet, is set to be released tomorrow (August 7), and will likely feature...
Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto
2.8.2019
On August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description...
US Regulator Plans to Outsource Running Cryptocurrency Nodes
2.8.2019
A recently published document reveals that the U.S. Securities and Exchange Commission (SEC) has plans to hire contractors to run specific cryptocurrency full nodes for the government agency. According to the SEC documentation, the regulator wants third-party contractors to run nodes for Bitcoin...
Indian Government Updates Parliament on Crypto Plans
1.8.2019
The Indian parliament has repeatedly asked the finance minister about the government’s plans for cryptocurrency. In July alone, the Ministry of Finance answered three sets of questions: two in Rajya Sabha, the upper house, and one in Lok Sabha, the lower house of the parliament. Also read:...
Russian Lawyers Draw up Pro-Crypto Tax Plans
1.8.2019
An influential group of Russian lawyers has drawn up a system for cryptocurrency taxation that involves granting property rights to holders of “all tokens” – and will be sending its suggestions to the lawmakers and regulators.
Per media outlet Kommersant, the Association of Lawyers of Russia...
Calls Intensify for Indian Government to Regulate Cryptocurrency
29.7.2019
Since the Indian government unveiled a draft bill to ban cryptocurrency, the crypto community has ramped up its efforts to influence the government’s final decision. The community has plans to reach out to parliament members to show them how flawed the crypto recommendations the government...
How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra
14.7.2019
Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion...
How 10 Countries Respond to Facebook’s Libra Cryptocurrency
11.7.2019
A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank...
Blockstack Is Planning One of the First Reg A+ Compliant Token Offerings In the US
11.7.2019
The token offering could be a way forward for other startups looking to raise using SEC-approved funding rules