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The Commodity Futures Trading Commission (CFTC) has asked a judge to rule that cryptocurrency My Big Coin is a commodity subject to the agency’s regulation, according to a recent report from Reuters. The agency is currently pursuing legal action against My Big Coin (MBC) and MBC creator Randall Carter for fraud.
DNotes Global Inc today announced the launch of its new lite wallet, Electrum DNotes Wallet. According to information provided on the company’s website, the new lite wallet enables DNotes users to manage their wallet holdings and transactions more quickly and efficiently – and without downloading the DNotes blockchain.
SEC Director of the Division of Corporation Finance William Hinman used a speech on Thursday to offer a fairly detailed assessment of the agency’s standards for determining when a cryptocurrency or ICO can be defined as a security. In his remarks to attendees at the Yahoo All Markets Summit: Crypto Conference, Hinman said that the agency’s assessment depends on the way a coin or token is being sold and what investors expect to get from their purchase.
A new study from two researchers at the University of Texas at Austin concludes that Tether may have been used to manipulate cryptocurrency prices in 2017, according to a Wednesday report from the New York Times. Researchers John. M. Griffin and Amin Shams evaluated transaction data and found that at least half of the crypto market’s record-setting rise in value may have been the result of price manipulation.
Banking giant Wells Fargo has confirmed that its customers will not be allowed to use their credit cards to purchase cryptocurrency, according to a report from CBS News. A bank spokesperson suggested that the bank made the decision after reviewing the “risks associated with this volatile investment.”
DNotes Global Inc. has announced that the upgraded DNotes 2.0 CRISP program has successfully delivered its first payments to DNotes stakeholders. The payments were delivered on June 10 to DNotesVault users who had stored coins in the secure DNotes vault from April 30 to June 3, 2018.
During remarks at the United Nations BFI Summit in New York this week, CFTC Commissioner Rostin Benham suggested that cryptocurrencies like Bitcoin are here to stay. During a speech focused on the regulatory challenges confronting the CFTC as it tries to address issues related to the emerging cryptocurrency industry, the commissioner asserted that the technology is something that will impact all nations:
Regulators at the Commodity Futures Trading Commission (CFTC) have reportedly ordered several cryptocurrency exchanges to turn over trading data the agency wants to see as part of its investigation into potential price manipulation in the Bitcoin markets, according to a Wall Street Journal report on Friday.
DNotes Global, Inc. has announced that its cryptocurrency under management, DNotes is now trading on the Mercatox digital currency exchange. DNotes, which received a major technological upgrade earlier this year, has been listed under the ticker symbol ‘NOTE’.
DNotes started in 2014 as a blockchain-supported cryptocurrency, and on the surface seemed to share much in common with other such coins. Of course, anyone who is familiar with the DNotes project understands that there is one major difference that separates DNotes from most other coins: it is backed by a partner company, DNotes Global Inc. That company is focused on developing the technology and generating the profits that will allow it to aggressively grow, further support the DNotes network, and return the confidence shown by its investors.