U.S. Congressman Tom Emmer Introduces Three Bills to Support Blockchain Technology

U.S. Congressman Tom Emmer Introduces Three Bills to Support Blockchain Technology

The U.S. Congressional Blockchain Caucus announced on Friday two congressmen – Tom Emmer and Bill Foster – as co-chairs of the Caucus. After the heartwarming welcome speech, Emmer and Foster who were both excited to join David Schweikert and Jared Polis as congressional leaders of blockchain technology took turns to share their goals and missions as co-chairs. Congressman Foster described blockchain technology as a disruptive technology that is bound to change the ways business is being…

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SEC’s Division of Enforcement Co-Director Sheds Light on the Division’s Impact in 2018

SEC’s Division of Enforcement Co-Director Sheds Light on the Division’s Impact in 2018

On Thursday, 20th Sept. 2018, Co-Director Stephanie Avakian of the Division of Enforcement of the U.S Securities and Exchange Commission (SEC) took the time to dish a cold but true speech about the ways to measure the impact or success of a civil law enforcement program like the SEC’s Division of Enforcement. She urged her audience and the general public to refrain from using figures or numbers as an analytical tool for measuring the impact…

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Texas Securities Commissioner Targets Three Crypto-Related Scams

Texas Securities Commissioner Targets Three Crypto-Related Scams

Following a background investigation on three fraudulent schemes involving cryptocurrency, the Texas Securities Commissioner, Travis J. Iles, on Tuesday 18th September 2018 entered three separate emergency cease-and-desist orders against three alleged crypto-scamming investments – Coins Miner Investment Ltd., DGBK Ltd., and Ultimate Assets LLC. 1. Coins Miner Investment Ltd. Coins Miner Investment Ltd. is one of the three crypto-scamming investments based in the Russian city of Volgograd. The alleged Russian Hoaxers is being accused of…

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As Japan’s Police Reports Crypto Scams Tripled in H1 2018, Japanese Crypto Exchange Zaif Is Hacked

As Japan’s Police Reports Crypto Scams Tripled in H1 2018, Japanese Crypto Exchange Zaif Is Hacked

In another attestation to the growing phenomenon of crypto scams all around the world, Japanese police has disclosed that in the first six months of 2018, cryptocurrency frauds have tripled. And if that wasn’t enough, coincidentally, a Japan-based crypto exchange was recently hacked and lost dozens of millions of dollars. Ever since the end of World War II, Japan has always been one of the leading countries on the planet in technological innovation – and…

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‘CryptoMom’ SEC Commissioner Peirce Advocates Cryptocurrency in a Public Speech

‘CryptoMom’ SEC Commissioner Peirce Advocates Cryptocurrency in a Public Speech

Commissioner Hester M. Peirce of the U.S. Securities and Exchange Commission (SEC), also known as CryptoMom because of her stand on the exchange-traded product (ETF) which was designed to give investors access to Bitcoin, gave a heartwarming opening remark at the just-concluded Cato Institute’s FinTech Unbound Conference. She started off by acknowledging the standard SEC disclaimer, saying the views she wishes to express are her personal thoughts and has little to no trace to the…

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China Boasts Crypto Ban; Warns (Again) Against ICOs

China Boasts Crypto Ban; Warns (Again) Against ICOs

By now it’s no secret that the Chinese authoritarian regime really dislikes crypto. Whilst the Communist Party-led state does attempt to exploit the advantages of blockchain technology, it also wages war against decentralized digital currencies that the Chinese government views as a threat. Now, through the state’s central bank, China has imparted a new warning against cryptocurrency, focusing on initial coin offering (ICO). Even though there isn’t anything particularly new in the recent cautionary message,…

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Brazil’s Avai Football Club Announces its Own Digital Currency, Partners with SportyCo and Blackbridge Sports

Brazil’s Avai Football Club Announces its Own Digital Currency, Partners with SportyCo and Blackbridge Sports

Avai Football Club from Brazil is one of the first football (soccer) clubs seeking to raise funds through initial coin offerings (ICO) following the launch of its own coin “Avai FC Token”; SportyCo and Blackbridge Sports announced the partnership with Avai on September 12th. The partnership is aimed at benefiting the club by bridging the gap between the thriving Fintech industry and grassroots sports using blockchain technology while making Avai FC one of the very…

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Peter Thiel: The ‘Libertarian Crypto vs. Communist AI’ Dichotomy

Peter Thiel: The ‘Libertarian Crypto vs. Communist AI’ Dichotomy

It is easy to regard Bitcoin just as another form of currency; but the truth is that it’s so much more than merely a medium of exchange, for which there are many reasons. One way to think about it is to envisage a future completely bereft of Bitcoin or other cryptocurrencies, and imagine what sorts of alternatives there are. One who lays out such hypothetical juxtaposition is the legendary billionaire, entrepreneur and venture capitalist Peter…

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Google’s Anti-Fraud Chief: Scammers Target Cryptocurrency Boasters Online

Google’s Anti-Fraud Chief: Scammers Target Cryptocurrency Boasters Online

Anybody with an email knows about email scams. Anybody with cryptocurrency knows about crypto scams. Now it seems that there’s a new threat in the online arena – one that combines between the two. In an interview with CNBC, Google’s top fraud cop Mark Risher stated that boasting online about holding cryptocurrency just might be equivalent to putting a big shining mark on your back. Apparently, when scammers are on the hunt for a new…

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“No Plans for Digital Currency” – European Central Bank

“No Plans for Digital Currency” – European Central Bank

On June 2018, the European Central Bank through Mr. Robert Gualtieri, The chairman of the committee on Economic and Monetary Affairs, received a letter from MEP Jonas Fernandez demanding The ECB to issue its own digital currency. In response to the letter, while addressing the parliament, Mr. Mario Draghi, president of The European Central bank stated that The European Central Bank has “no plans to issue its own digital currency”. “The European Central Bank is…

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