Although relative non-action in crypto markets has continued, with prices stagnating en-masse, prominent institutions, such as Goldman Sachs and Tiger Global, still seem ready to pounce on what this nascent industry has to offer. Goldman Sachs Onboards Exclusive Investors For Bitcoin Products Per an insider scoop from The Block, Wall Street’s golden child, Goldman Sachs,…
In the U.S. Securities and Exchange Commission’s (SEC) latest annual report, the regulatory authority explained that reducing the number of cryptocurrency-related scams is currently among their top priorities. The report specifically cites initial coin offerings (ICOs) as one such sector of the industry that they are focusing on. The report comes amidst an exponential increase in crypto-related…
Brazil’s tax regulator, the Department of Federal Revenue, is requiring local cryptocurrency exchanges to report their operations on a monthly basis in order to verify tax compliance and improve the country’s fight against money laundering and corruption. Brazillian Cryptocurrency Exchanges to Report Monthly Trading Data to Authorities Citing the examples of Australia and South Korea,…
Binance, one of the biggest cryptocurrency exchanges on the planet, has announced full support of the upcoming Bitcoin Cash hard fork scheduled for November 15. More Companies Announce Bitcoin Cash Hard Fork Policies Just days after Ledger, one of the largest hardware wallet providers globally, announced their own policy on the upcoming Bitcoin Cash hard…
Blockchain-based virtual game CryptoKitties has raised US$15M in financing led by Venrock, with participation from GV (formerly Google Ventures) and Samsung NEXT. Funds raised will be used to establish a U.S. subsidiary, hire leading executives in the U.S. and Canada, and develop its infrastructure. High-Profile Investors Line Up to Back Consumer Blockchain Success CryptoKitties With…
The rapper known as T.I. has reportedly been sued for his involvement in a cryptocurrency token scam that left investors high and dry. Rapper T.I. Accused of Defrauding Crypto Investors According to celebrity gossip outlet TMZ, rapper T.I., whose real name is Clifford Joseph Harris Jr., is being sued to the tune of $5 million…
The founders of the Gemini digital asset exchange platform have accused their former business partner of not returning Bitcoin they had instructed him to buy on their behalf in 2012. The Winklevoss twins allege that Charlie Shrem owes them a massive 5,000 BTC. Charlie’s Lavish Lifestyle Prompted Legal Action Charlie Shrem might have been fortunate…
Tether Limited, the issuer of stablecoin Tether (USDT) wholly-owned by Bitfinex, has opened a bank account with Bahamas-based Deltec Bank. The move follows a long process of due diligence review of the company, including the ability to maintain the USD peg at any moment in time, the announcement says. Deltec Accepts Tether as Client After Long Due…
Aragon version 0.6 is now live on the Ethereum mainnet and the release comes seven months after the company announced Aragon version 0.5. The release is considered a major milestone for Aragon, a blockchain startup that managed to raise €25 million in under 1.5 minutes during their ICO. Aragon is a tool, that allows entrepreneurs,…
Although the world-renowned Binance Exchange, which facilitates crypto-to-crypto transactions, has seen waning demand as of late, the startup has forged ahead and has made notable strides in the fiat-to-crypto realm. Reports indicate that Binance’s Uganda branch, which went live last week, has already seen a proverbial boatload of interest, leading to the obvious, but pressing question…