The State of Colorado recently released a special guidance that will eliminate the need for money transmitting licenses in crypto exchanges in cases when no fiat currencies are being involved. No Fiat Used — No License Needed Only days ago, on September 20th, a new interpretive guidance regarding the Colorado Money Transmitters Act’s applicability was…
After a single day in the green, with many cryptocurrencies pushing monthly-highs, many advocates of this space have claimed that this market is on the verge of its next exponential growth cycle. While many wouldn’t classify these overly-bullish claims as crimes, so to speak, no one is as guilty to doing this as Mike Novogratz, the…
The Fair Political Practices Commission, California’s campaign watchdog arm, has voted 3-1 to ban political donations with any cryptocurrency, including Bitcoin, because of transparency issues. The vote follows similar decisions made by other states in the country such as South Carolina. Others, like Colorado and Montana, allow cryptocurrency donations with restrictions. In May 2014, the Federal Elections…
Stellar’s XLM surged 17% on Friday as the overall cryptocurrency markets posted gains, led by XRP, which was up 55% on a 24-hour trading period at the time of writing. The price rise of Stellar comes as the cryptocurrency is seeing increased adoption, specifically through IBM’s new cross-border settlement system – World Wire. On Friday,…
The crypto community burst with joy earlier today as cryptocurrency prices surged beyond even their most optimistic expectations. Contrary to what everyone has expected, the new price surge was not sparked by Bitcoin, as it usually happens. This time, the bull run is led by none other than Ripple. XRP Spikes Up After nine months…
Since December 2017 when the price of XRP, the native currency of Ripple, achieved $3, XRP has failed to come close in flippening Ethereum in market cap. Ten months ago, at the peak of the crypto market when the valuation of cryptocurrencies hovered at around $900 billion, Ripple briefly overtook Ethereum with a 41 percent…
On Sep 20, former Goldman Sachs executive and Fund Manager at Fortress Investment Group Michael Novogratz said the Bitcoin market achieved a “bottom” and ready for an upswing. This is not the first time Michael has expressed his optimism towards the market. At the All Markets Summit, he said the crypto market is at “seller…
A recent statement from an NYU professor brought yet another troublesome aspect of US crypto regulation to the attention of the public. This time, it is a rivalry between different regulators, with all of them wishing to establish dominance. US Regulators Competing for Turf The US is under a lot of pressure when it comes…
Lawmakers from the United States House of Representatives have issued an open letter to the Internal Revenue Service (IRS), requesting additional clarity on tax laws surrounding crypto such as Bitcoin and Ethereum. The open letter was addressed to acting IRS commissioner, the honorable David Kautter on behalf of Congressmen David Schweikert (R-AZ), Brad Wenstrup (R-OH),…
When you think of someone in a position of power or prestige, many have a prejudged idea of what that person may look like. For one woman in the crypto space, who considers herself in a minority, she’s attempting to change this. Making the Complexity of Finance More Efficient Natasha Bansgopaul, is a black female…