Marshall Islands-based 1Broker has been in a flurry as of late, as the crypto-focused investment services provider came under heavy fire from the top guns of the free world, American regulators and their closest compatriots. 1Broker Sees Court Case Develop, Positive Signs As reported by NewsBTC on September 28th, 1Broker, a foreign crypto startup, was unexpectedly…
One of the most pertinent issues facing the cryptosphere today is regulation, as members of prominent governmental agencies, like the Commodities Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC), have yet to come to a unanimous opinion on how this nascent space should be regulated and managed. However, a leading member of the CFTC intends…
A report authored by three Deloitte analysts explains the barriers to blockchain adoption and how the “five vectors of progress” may help companies lower the cost and risk of deploying and exploring the technology. Deloitte Report Analyzes Falling Barriers to Widespread Adoption of Blockchain As a means of processing transactions, blockchain-based systems have been comparatively…
A Swiss-based asset management firm, Tiberius Group AG, is introducing a new product to the crypto markets: metal backed tokens. The new product will be a digital token that is backed by seven metals and will be first offered to prospective investors starting on October 1. The new token – called the Tiberius Coin –…
Crypto analysts and investors have established the $8,800 resistance level as a short-term target for Bitcoin, based on the optimistic technical indicators of the dominant cryptocurrency. Bitcoin Rally Ahead? Most of the predictions on the short-term rally of Bitcoin originated from data provided by RIG trend lines — an indicator that combines the Relative Strength…
A group of major players in the crypto and blockchain industry have joined forces to pay D.C. lobbyists to ensure that US lawmakers pass legislation that is friendly to the crypto and blockchain industry. The group of fintech firms that are joining forces will be paying the lobbyists partially in crypto, and includes Ripple among…
Industry golden child Coinbase has long been known for its forward-thinking, leading the cryptocurrency space to new heights over the past six years. With an unexpected announcement made on Tuesday, the firm’s top brass still seems hell-bent on continuing to establish a new frontier in the context of this up and coming technology. Coinbase Takes U-Turn,…
In a recent interview with CNBC’s Squawk Box, Congressman Warren Davidson (R-Ohio), a member of the congressional financial services industry, spoke about cryptocurrency regulation and the complexities surrounding the issues. Davidson began by announcing that his committee would be hosting a round table with industry leaders in order to gain better insight into the industry…
Throughout the past seven days, this up and coming industry saw its fair share of cases of development and maturation, as institutions have continued to pile onto this market. 15 Global Institutions Launch kLmgo SA Blockchain Platform Per a previous NewsBTC report, 15 of the world’s foremost institutions have joined hands to create komgo SA, an…
Despite China’s crypto crackdown, a Chinese cryptocurrency enthusiast recently embarked on a twenty-one-day journey to survive solely on a small stash of Bitcoin, no more, no less. 21 Days, 0.21 Bitcoin When it comes to cryptocurrency diehards, there isn’t anyone as committed as China-based crypto proponent He You Bing, who recently took to China’s streets to…