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Coinbase CEO: Senate’s Pressure on Libra Association Is ‘Un-American’

News Coinbase CEO has criticized United States’ senators for asking Stripe, Mastercard and Visa to leave Facebook’s crypto project Libra. “Something feels very un-American about this”After U.S. Senators Brian Schatz and Sherrod Brown apparently pressured the payment giants to leave Libra, Brian Ar..

Report: Telegram’s ‘Force Majeure’ Clause Curbs Investor Compensation

News Telegram’s pledge to return money to investors in the event of a delay to the launch of its blockchain network may be superseded by a “force majeure” clause in its purchase agreement. As an Oct. 14 report from Russian media agency the Bell emphasizes, the force majeure clause — which encompas..

Telegram Responds to Investors on SEC Action, Hearing Set for Oct. 24

News Telegram Open Network (TON) developers responded to its investors after American regulators abruptly announced that its $1.7 billion token sale was illegal. No clear feedback from SEC for 18 monthsAccording to a TON letter to investors obtained by Cointelegraph, the firm has been trying to so..

Bitcoin Will End the Reign of ‘Dictators and Toll Trolls,’ Says Tim Draper

News Billionaire investor Tim Draper has stated that he expects Bitcoin (BTC) — combined with other technologies — to change how governments operate worldwide. In a Medium post published on Oct. 10, Draper calls Bitcoin “the startup currency” and praises its decentralization and borderless nature,..

Telegram’s TON Board ‘Takes a Break,’ Removes All History From Channel

News Following a recent red flag from United States. regulators, a private Telegram channel for Telegram Open Network (TON) is taking a break. Temporary halt for more clarityOn Oct. 12, TON Board channel on Telegram announced a temporary halt of work due to the increased level of regulatory uncert..

Pushing for Crypto Self-Regulation Amid Tightening Government Scrutiny

Analysis Self-regulation is once again a trending topic in the cryptocurrency landscape as major exchange platforms have announced the creation of self-regulated organizations (SROs) to achieve some standardization in digital currency governance. Government regulators across various jurisdictions ..

Bank of Ireland Execs Back Out of Testifying in OneCoin Scam Hearings

News Bank of Ireland (BOI) executives have backed out of the testimony before the United States Government in the criminal proceedings regarding a $400 million worth money laundering scheme through cryptocurrency scam OneCoin. No testimony on voluntary basisAs fintech-focused news outlet FinanceFe..

Breaking: US SEC Deems $1.7 Billion Telegram Offering Illegal, Orders Halt

News The United States Securities and Exchange Commission (SEC) has announced that Telegram and the forthcoming GRM token constitute an unregistered digital token offering. Per an Oct. 11 press release, the SEC has filed an emergency action and restraining order against Telegram and the Telegram O..

US IRS Adds Question on Crypto Usage to New Income Tax Form Draft

News The United States Internal Revenue Service (IRS) has added a question on crypto ownership to the standard 1040 income tax form for the coming tax season. IRS wants to know about your crypto in 2019On Oct. 11, a draft of the “Additional Income and Adjustments to Income” section of the new 1040..

Malaysian Finance Ministry: Cryptocurrency Adoption Remains Low

News Malaysia’s finance ministry says both domestic and global adoption rates of cryptocurrencies are low, notwithstanding the significant attention the disruptive sector has garnered. In its Economic Outlook 2020 report released today, the ministry nonetheless noted that several prominent firms i..

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