UK Could Ban Some Crypto Derivatives, Says Financial Watchdog Exec

UK Could Ban Some Crypto Derivatives, Says Financial Watchdog Exec The U.K.’s Financial Conduct Authority (FCA) is considering a ban on some cryptocurrency-based derivatives, a senior executive has said. Speaking at an event in London covering the regulation of cryptocurrencies, Christopher Woolard, executive board member and director of strategy and competition at the FCA, said that the…

Crypto Payments Processor BitPay to Support Paxos Stablecoin

Crypto Payments Processor BitPay to Support Paxos Stablecoin Crypto startup Paxos is partnering with payments firm BitPay to allow the latter’s merchants to utilize the Paxos Standard stablecoin in settling transactions. Announced Tuesday, the move will give BitPay clients the ability to conduct transactions using a cryptocurrency while maintaining the “the trust and stability of the U.S.…

Spain’s Finance Ministry to Inspect 15,000 Crypto-holding Taxpayers to Prevent Tax Fraud

Spain’s Finance Ministry to Inspect 15,000 Crypto-holding Taxpayers to Prevent Tax Fraud The Spanish Ministry of Finance (Hacienda) will oversee 15,000 taxpayers who have made transactions with cryptocurrencies in the last year, El País, the largest Spanish-language newspaper, reports Nov. 19. Under the auspices of Hacienda, Spain’s tax agency, the Agencia Estatal de Administración Tributaria (AEAT), underlined that it will…

Greek Supreme Court is Violating Alleged Bitcoin Launderer’s Rights, Lawyer Argues

Greek Supreme Court is Violating Alleged Bitcoin Launderer’s Rights, Lawyer Argues The lawyer representing the alleged former operator of now-defunct crypto exchange BTC-e, Alexander Vinnik, has accused the Greek Supreme Court of “grossly violating” his rights, major Russian state-owned news agency TASS reported Nov. 19.39-year old Russian national Vinnik, a.k.a “Mr. Bitcoin,” was indicted by U.S.authorities and detained in Greece on July 25, 2017 on criminal charges…

Russian ICO That Impersonated Bank Hit With Cease-and-Desist

Russian ICO That Impersonated Bank Hit With Cease-and-Desist North Dakota’s securities watchdog has issued a cease-and-desist order against a Russia-based initial coin offering (ICO) that appeared to impersonate Liechtenstein-based Union Bank AG to promote “unregistered and potentially fraudulent securities.” On Monday, Karen Tyler, commissioner of the North Dakota Securities Department, said that the website of the supposed ICO…

BitMax.io’s Innovative Token Economics Maximize Platform Liquidity & Trader Utility

BitMax.io’s Innovative Token Economics Maximize Platform Liquidity & Trader Utility   BitMax.io (BTMX.io) is the global operator of an innovative digital asset trading platform with a broad range of products and services for global retail and institutional clients. With its relentless focus on transparency, reliability and quality of execution and client services, BitMax.io has clearly…

Singapore’s Stock Exchange Clarifies Rules for Listed Firms Issuing ICOs

Singapore’s Stock Exchange Clarifies Rules for Listed Firms Issuing ICOs Singapore Exchange (SGX) has clarified the rules for publicly listed companies planning to conduct initial coin offerings (ICOs). In a column published Thursday, Tan Boon Gin, CEO of the stock exchange’s regulatory subsidiary, SGX RegCo, stressed that any tokens launched in an ICO are not listed on…

Bitfinex Activity, Tether-BTC Price Relation Under Scrutiny from US DoJ, Sources Claim

Bitfinex Activity, Tether-BTC Price Relation Under Scrutiny from US DoJ, Sources Claim The U.S. Department of Justice (DoJ) has focused its investigation crypto market manipulation on whether or not Tether (USDT) was used to artificially inflate Bitcoin (BTC) prices during last year’s momentous rally, Bloomberg reports Nov. 20. Bloomberg cites three unnamed sources “familiar with the matter” who allege that the DoJ has “honed…

Bitcoin Smart Contract Startup RSK Unveils New Infrastructure Project

Bitcoin Smart Contract Startup RSK Unveils New Infrastructure Project RSK Labs, the startup working on smart contract functionality for bitcoin by way of sidechains, is operating under a new banner as part of a wider reimagining of its development ecosystem. The newly-dubbed Root Infrastructure Framework (RIF) Labs is headed by many of the same individuals that…

Autodesk CEO: Blockchain Can Stem Corruption in Construction Industry

Autodesk CEO: Blockchain Can Stem Corruption in Construction Industry American software corporation Autodesk CEO Andrew Anagnost said that blockchain could fight corruption in the construction industry, finance and investment news outlet the Australian Financial Review reported Nov. 19. Founded in 1982, Autodesk manufactures software for the construction, architecture, media, and entertainment industries. In 2018, the company’s revenue was $2.06 billion.…