Recent Posts From All Categories
If the American midterm elections have reminded us of anything, it is that electoral controversies easily spill beyond the politics between candidates, and into the election process itself. The integrity of the November 6 elections has been marred with claims of voter fraud and suppression tactics, discoveries of votes being misplaced or turning inadmissible after not physically reaching counting stations before deadlines, and official sources reporting that technical glitches had caused ballots to be counted for a different candidate than the voter specified or not counted at all.
Japan’s Financial Services Agency (FSA) has reportedly revealed plans to provide regulation of cryptocurrency wallet service providers, according to a report from Bitcoin News. The news comes just weeks after the agency granted self-regulatory status to the nation’s cryptocurrency industry.
Innovative Bitcoin rewards startup Lolli has reportedly raised $2.25 million in a recent funding round. The company attracted support from a variety of investors, including Bain Capital Ventures, Forerunner Ventures, and Version One.
Many prominent ICOs have renewed reason to feel anxious, after the Wall Street Journal reported November 15 that the U.S. Securities and Exchange Commission (SEC) has opened an investigation and issued subpoenas to Salt Lending Holdings Inc., who in August 2017 sold $50m in SALT tokens in an Initial Coin Offering (ICO) to be used as startup capital for their lending platform.
Nvidia Corp delivered a disappointing revenue forecast to investors on Thursday, while reporting lower-than-expected third-quarter sales. The news sent Nvidia share prices tumbling almost 17 percent, Reuters reports. In explaining the bad news, the company blamed the lingering ‘crypto hangover’ caused by the downturn in cryptocurrency mining demand for its products.
After a notable run of price stability over the last several months, Bitcoin volatility returned with a vengeance on Wednesday as the price of the world’s most well known cryptocurrency crashed below $6,000 – losing more than 9 percent of its value. At press time, the price stood at $5,541. 23 on Coinbase, down more than $750 in the last 24 hours.
The Monetary Authority of Singapore and Singapore Exchange (SGX) recently announced the successful completion of Delivery versus Payment (DvP) prototypes designed to enable the settlement of tokenized assets on different blockchain platforms, according to a joint media release from the parties involved.
Binance CEO Changpeng Zhao recently said that the company continues to perform despite a 90% reduction in trading volume since the turn of the year.
A senior executive from Swiss fintech company X8 AG claims that Islamic scholars have certified the company’s digital currency as Sharia-compliant, according to a Monday report from Reuters.
The Colorado Division of Securities this week issued cease and desist orders to four companies conducting initial coin offerings (ICOs), instructing them to stop violating the Colorado Securities Act. According to a report on Colorado’s official website, state Securities Commissioner Gerald Rome has now issued twelve ICO-related orders based on alleged securities violations.