G7 Group of Nations Warns that Global Stablecoins Threaten Existing Financial System
October 14, 2019
The G7 group of nations has prepared a draft report which notes that globally accessible stablecoins pose a significant threat to the existing financial system.
According to BBC, G7’s draft report detailed the different risks…
IRS Will Ask If You Own Cryptocurrency on its New Income Tax Form 1040
October 13, 2019
The US Internal Revenue Service (IRS), a bureau of the Department of Treasury, recently added a question regarding cryptocurrency ownership to its standard 1040 income tax form for the upcoming tax filing season.
A draft of the…
SEC, CFTC, FinCEN Issue Warning to Crypto Industry to Adhere to Banking Laws
October 12, 2019
The heads of three US financial regulators have issued a warning to the crypto asset industry to adhere to relevant banking laws.
In a joint statement released on October 11, signed by Commodity Futures Trading Commission (CFTC)…
SEC Obtains Emergency Restraining Order Against Telegram's $1.7 Billion Token Sale
October 12, 2019
The US Securities and Exchange Commission (SEC) has obtained an emergency restraining order against the Telegram Group and its subsidiary TON Issuer. The order has been secured in order to investigate the company’s $1.7 billion…
Binance Adds New XRP-pegged Asset to Binance Chain
October 11, 2019
Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, announced on October 10 the issuance of the second digital asset ever on Binance Chain, the exchange’s non-custodial trading platform. Today…
New Ripple Gateway Launched By South African Exchange for XRP-based Transfers
October 10, 2019
Xago, a Cape Town-headquartered fintech firm, revealed on October 9 that it’s launching a Ripple gateway and custom-designed exchange.
As noted in the release, Xago’s exchange connects to and utilizes RippleNet, a decentralized…
ConsenSys Gives Ethereum A Boost: $175k Given to 7 Open-Source Initiatives
October 10, 2019
ConsenSys, a Brooklyn, New York-based Ethereum development studio studio, is awarding $175,000 to seven different open-source projects being developed on the Ethereum (ETH) blockchain.
Revealed on October 10, the software development…
Almost 7% of Bitcoin's Circulating Supply Resides in Exchange Wallets, Demand for "Hard Assets" Is Increasing: Report
October 9, 2019
Nearly 7% of Bitcoin’s (BTC) total circulating supply resides in the wallets of eight major digital asset exchanges, according to The Token Analyst.
On October 8, the Token Analyst noted via Twitter that throughout Bitcoin’s…
