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Witnessing the digital breakthrough


Circle Moves to Bermuda. Why?
Legislation   |   23.07.19  |  

... these accounts: “Europe and Asia are both pretty significant markets for us in particular [and] the USDC stablecoin is particularly popular with institutional Asian investors.” Such move by Circle is due to the unstable regulation situation in the USA and it is quite possible that other crypto companies may follow their example. The hearing in the Senate and the US Congress regarding Facebook Libra last week could provoke the “escape” of crypto companies: Steve MNUCHIN suggested that there ...

Trump Criticized Cryptocurrencies. How Did The Markets Respond?
Cryptocurrencies   |   12.07.19  |  

... Trump (@realDonaldTrump) 12 июля 2019 г. The President criticized the possibility of using cryptocurrency in illegal activities, in particular referring to drug trafficking. In the last tweet, he added: “We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!” In addition, Trump criticized the Facebook Libra ...

The City of Berkeley in California Issues Municipal Bonds on Blockchain
Innovations   |   01.07.19  |  

Although cities have been issuing municipal bonds for a long time, this market of $ 3.7 trillion lacks transparency and their cost is often high for ordinary Americans The city of Berkeley in California, USA, made a big step forward in terms of adopting the blockchain — the new municipal bonds will be based on this technology. Although cities have been issuing municipal bonds for a long time, this market of $ 3.7T lacks transparency, and ordinary Americans ...

CFTC Approved the Application of LedgerX to Offer Physically Settled Bitcoin Futures
Legislation   |   26.06.19  |  

The approval of this application, which was first filed in November 2018, means that the company can now list derivative contracts for bitcoins LedgerX LLC, a “US-regulated trading platform for physically-settled digital currency derivatives,” can now offer physically settled bitcoin futures contracts. The application was approved by the Commodity Futures Trading Commission (CFTC). LedgerX LLC is a subsidiary of Ledger Holdings, Inc. and is registered with the CFTC as a swaps execution facility...

US National Cancer Institute Approves Blockchain For Data Sharing Project
Innovations   |   25.06.19  |  

The exchange of medical data and blockchain have the potential to modernize the healthcare system, providing faster and more accurate access to information The National Cancer Institute is the agency of the US Department of Health and Human Services, which approved a project to create a blockchain-based clinical data sharing system. The exchange of medical data and the blockchain have the potential to upgrade the entire healthcare system, providing faster and more accurate access to information...

Report: China, USA and Hong Kong Miners Control 70% Of the Market
Cryptocurrencies   |   18.06.19  |  

... and Russia are competing to host the world's largest pools on their territories. The recently released report on the 50 largest mining pools in the world demonstrates the current alignment of powers. As can be seen from the table below, China, the USA and Hong Kong account for 70% of the 50 largest mining pools in the world. And although China currently controls almost half of annual value produced, recent measures by the Chinese government are pushing new players and market leaders to catch up....

SEC Chairman Answered Questions Concerning the Regulation of the Crypto Industry
Legislation   |   07.06.19  |  

Many crypto enthusiasts believe that the Commission deliberately resists the creation of a clear regulatory framework Appearing on CNBC’s “Squawk Box”, SEC Chairman Jay CLAYTON commented on concerns about the creation of a clear regulatory framework for cryptocurrencies. Such a framework would help legitimize Bitcoin and the altcoins that are populating global blockchain-based digital economy. To date, the Commission has rejected a number of Bitcoin ETF proposals by VanEck, Gemini and Bitwise,...

The US Internal Revenue Service Plans To Update Cryptocurrency Tax Guidance
Legislation   |   21.05.19  |  

In accordance with a request from a member of the House of Representatives, the IRS is working on guidance for acceptable methods for calculating the taxes The U.S. Internal Revenue Service is working on the new tax guidance for cryptocurrency as claimed by the agency’s commissioner on Monday. This is the first initiative since 2014. IRS Commissioner Charles P. RETTIG stressed that a nonspecific plan is being developed to release in-depth guidance for cryptocurrency taxation in the nearest future:...

Survey: 20% of U.S. Millenials Store Value In Bitcoin
Cryptocurrencies   |   02.05.19  |  

During the study, 2052 residents of the United States were interviewed. The survey was an augmented version of the previous one, conducted by the company in October 2017 According to survey results published by Spencer BOGART , a partner of VC firm Blockchain Capital, 20% of young Americans own Bitcoin. The survey was conducted online from April 23–25, 2019 by The Harris Poll, on behalf of Blockchain Capital. The survey included answers from 2,052 American adults and was an augmented version of...

Lawmakers Of Utah Introduce Bill for Regulating Blockchain Firms
Legislation   |   04.03.19  |  

According to the bill, blockchain companies will not be classed as money transmitters. Lawmakers establish a task force to run a pilot project Lawmakers from the state of Utah in the United States have introduced a bill according to which blockchain companies will not be classified as organizations engaged in financial transactions. Republican senator Daniel HEMMERT filed Bill 213, which proposes that any person who "facilitates the creation, exchange or sale" of certain products related...

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