Warren Davidson, a U.S. Representative from Ohio recently announced a plan to introduce new regulations for the cryptocurrency and ICO industry via the Federal Government. According to Cleveland.com’s on December 3, 2018, Hamilton is hopeful that these potential regulations can help the financial sector grow. Republican Politician Hopeful for Potential Regulations There is currently unclear regulations…
The U.S. Air Force Institute of Technology is promoting blockchain technology for supply chain management purposes. The military entity has developed a free tool to help professionals learn about blockchain and published a live blockchain application along with tutorial videos. U.S. Air Force Looks to Increase Trust and Transparency to Complex Logistics Network The legacy…
U.K. startup Revolut has announced that its customer base has surpassed three million users. The fintech platform, which has quickly become a viable online alternative to traditional banking, was established in 2015. It currently offers payment and exchange services for a growing number of fiat currencies and cryptocurrencies. Also read: Huobi Opens in Russia, Plans…
Federal Judge Rya Zobel declared that cryptocurrencies meet the definition of a commodity. This is very important for the crypto space, which is working in many ways toward a better regulatory environment. This would mean that virtual currencies fall within the jurisdiction of the Commodity Futures Trading Commission (CFTC). Federal Judge Considers Cryptocurrencies as Commodities The…
Mr. Tom Emmer, US Congressman for Minnesota’s 6th District announced his intention to promote and protect the implementation of these technologies by elaborating several revolutionary legal instruments. In a press release published on Mr. Emmer’s official website the congressman announced that he would introduce “three groundbreaking bills to support blockchain technology and digital currencies.” Tom…
The United States Senate confirmed Elad Roisman as a member of the Securities and Exchange Commission during the session of September 5, 2018. This decision completes the five required members to complete all seats within the Commision. Mr. Roisman, 37 years old, was confirmed as commissioner after serving for several years as chief counsel at…
Jordan Ross Belfort declared that eventually bitcoin will be crushed by regulators in America. Belfort widely known as the Wolf of Wall Street said that he doesn’t believe bitcoin is a scam, but the nature of its operation allows money laundering. Belfort stated in the interview that it is unlikely that the government gives up…
The United States Senate sees blockchain as a future part of the energy sector. This came as information released by the U.S. Senate Committee on Energy and Natural Resources this month. Blockchain Technology Has Potential in the Energy Sector The hearing discussed possible applications of distributed ledger technology (DLT) in the energy sector. The committee considered…
Over the past few weeks since the postponement of a verdict on the CBOE Bitcoin ETF by the SEC, the crypto-verse has generally been focusing on the regulatory happenings in the country of the United States. After the delay of the CBOE ETF, we witnessed the reject of 9 others; after which the SEC stated…
Cryptocurrency–Ross Ulbricht, the high-profile founder of Silk Road who is currently serving a life sentence in prison without possibility of parole, might be catching his first break in years. While the U.S. Supreme Court denied Ulbricht’s petition to appeal his life sentence in a ruling last month, a U.S. Attorney for the District of Maryland…
The dance of crypto-regulations and the digital currency community is going on still to this day. What made it the worst is the anticipation of regulation, even worse than the regulation itself. With no information what the to-be rules are, the first and safest thing to do is wait for the worst. However, there are…
At a time when many icons in the traditional finance system such as Warren Buffet, Bill Gates, and others are busy badmouthing bitcoin, and other blockchain-based cryptocurrencies, the past chair of the United States Federal Deposit and Insurance Corporation (FDIC), Sheila Bair has an entirely different opinion regarding cryptos. As contained in her write up…
Circle Internet Financial Ltd has revealed that it is currently seeking to obtain a federal banking license with the U.S. Office of the Comptroller of the Currency (OCC) in order to expand the services available to the company’s customers. It also hopes to pursue registration with the U.S. Securities and Exchange Commission (SEC) as a…
On May 8, 2018, Colorado became the first U.S state to introduce laws on blockchain technology, mainly for protecting confidential data in state records. Filament, an enterprise that merges Internet of Things (IoT) and blockchains to authorize and sign real-time machine transactions, announced the news. Colorado Community Collaboration According to the legislation passed by the…
With the U.S. and China promising to slap each other with tariffs, a trade war has been sparked, but investors aren’t overwhelmingly hedging against equity losses by fleeing to cryptos. As of Friday, investors had sucked more money out of the stock markets than they have in weeks, and it was mainly due to the…
Last week officials from the small town of Plattsburgh New York filed a moratorium request against bitcoin mining operations that currently reside in the town and future mining endeavors. The proposal was issued by the Mayor’s office and cites concerned over electricity use and energy consumption. Also Read: From ‘Attack’ to ‘Optimization’ — Slush Pool Reveals…
Just recently the firm Crescent Electric Supply Company conducted a study that showed the cost of mining one single bitcoin in each state in the U.S. Since then the company’s subsidiary business Elite Fixtures took the research further by charting the cost to mine a single bitcoin in each country across the world. Also read:…