Tag: News
UEFA Taps Blockchain for EURO 2020 Ticket Sales
The Union of European Football Associations (UEFA) will be issuing over one million tickets for the UEFA EURO 2020 set to kick off in June via a new blockchain-powered mobile application. UEFA is utilizing blockchain technology for ticket distribution to ensure accountability and transparency in pre..
Brazilian Crypto Exchanges Crushed Under the Weight of Tough Laws
Crypto exchanges in Brazil are experiencing a decline in trading volumes and a few have shut down operations due to unfavorable tax regulations. As the country is yet to implement specific crypto tax regulations, exchanges are struggling to comply with laws not suited to the industry.
Crypto Exchan..
Top Fund Manager: Treasury’s New Crypto Rules Could Help Industry
Over the past few weeks, there’s been a growing concern amongst cryptocurrency investors of an impending crackdown on Bitcoin service providers.
This concern doesn’t come unwarranted; at the start of the year, European Union countries activated an anti-money laundering directive, which had a clause..
“No Rollbacks”: BitMEX Says After 62% XRP Flash Crash
Earlier this month, leading cryptocurrency derivatives exchange BitMEX finally added a financial vehicle for XRP’s pair against USD, the Ripple quanto swap, which allows for traders to trade the popular altcoin with large amounts of leverage.
Although market participants across the board were quite..
Coin Ninja CEO Indicted on Dark Web Crypto Money Laundering Charges
U.S. federal prosecutors have indicted Larry Dean Harmon on money laundering charges associated with the ‘Grams-Helix’ dark web operation.
Harmon allegedly facilitated illegal transactions worth over $300 million in cryptocurrency and is currently facing up to 30 years in prison if found guilty.
H..
Treasury Secretary Confirms Impending Crypto Crackdown in Senate Hearing
Last year, at the peak of 2019’s crypto mania when Bitcoin was trading up 300% in four months, Steven Mnuchin, the Secretary of the U.S. Treasury and close advisor to President Trump, revealed his intent to crack down on the crypto industry.
After stating that cryptocurrencies pose a “risk to the f..
Crypto-Friendly Candidate Andrew Yang Folds Out of Presidential Race
If you’ve been following the 2020 presidential election cycle, you’ve likely heard the name Andrew Yang tossed about a few times. Yang is a businessman-turned-Democratic candidate who has managed to poll fourth and fifth in some polls, shocking the world as a political outsider.
One of the most int..
Federal Reserve Chairman: U.S. is “Working Hard” on Digital Currency
A few years ago, a government or central bank launching its own digital currency was a foreign concept. But since Facebook and a swath of partners unveiled the Libra cryptocurrency project in June 2019, those in power have sprung into action, looking into ways it could combat the rise of corporate c..
Finally, Tron’s Justin Sun Met With Bitcoin Skeptic Warren Buffett for Dinner
Warren Buffett has long been one of Bitcoin’s most prominent critics. As one of the world’s richest men, who heads the conglomerate and investment giant Berkshire Hathaway (the company behind Dairy Queen, Geico, Duracell, and more), his opinion on any matter is valuable.
Thus, when he said in a num..
After Launching Bitcoin Futures: Bakkt is Eyeing Loyalty Points
In 2018 and 2019, Bakkt was one of the most hyped-up companies in the cryptocurrency space.
The company in the depths of the bear market revealed that they would be launching a Bitcoin futures contract for Wall Street, sparking assertions that crypto was going to spring back into a bull market.
In..
