Investors File Multiple Lawsuits Against Cryptocurrency Issuers and Exchanges
Apr06

Investors File Multiple Lawsuits Against Cryptocurrency Issuers and Exchanges

Cryptocurrency investors filed 11 class action lawsuits against various digital currency issuers and exchanges last Friday, Reuters reports. The suits were filed in Manhattan’s U.S. District Court and accuse the companies and their executives of violating U.S. securities law by selling billions of dollars of unregistered digital assets.

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GM Files Patent Application for Blockchain Distributed Map
Apr04

GM Files Patent Application for Blockchain Distributed Map

Automobile giant General Motors has filed an application with the US Patent and Trademark Office seeking a patent for what it calls a Decentralized Distributed Map Using Blockchain, Forbes reports. The company reportedly believes that blockchain technology can reduce the costs associated with current vehicle mapping systems.

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BIS: Coronavirus Pandemic Could Speed Movement Toward Digital Payments, CBDCs
Apr03

BIS: Coronavirus Pandemic Could Speed Movement Toward Digital Payments, CBDCs

The current coronavirus pandemic has the potential to hasten the move toward digital payment options like central bank-issued digital currencies, according to the Bank of International Settlements. In a recent bulletin, the bank noted that there’s increasing public concern about physical cash’s potential for transmitting the virus, despite central banks’ active efforts to dispel those worries.

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Power Ledger Partners with French Green Energy Firm to Roll Out Blockchain Energy Platform
Apr02

Power Ledger Partners with French Green Energy Firm to Roll Out Blockchain Energy Platform

Australian blockchain technology firm Power Ledger has partnered with French green energy retailer ekWateur to roll out the new Vision blockchain-powered energy tracking platform. In an announcement released today, Power Ledger confirmed plans to provide more than 220,000 electricity meters with access to the platform.

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Coinbase, Gemini Trust Among Dozens of Firms Granted Temporary Exemption from Singapore Crypto Licensing Requirement
Mar28

Coinbase, Gemini Trust Among Dozens of Firms Granted Temporary Exemption from Singapore Crypto Licensing Requirement

The Monetary Authority of Singapore (MAS) announced this week that dozens of companies have received temporary exemptions from the recently-enacted Payments Services Act’s new licensing requirements. Among those companies listed in the announcement are major cryptocurrency firms like Coinbase, Binance, and Gemini Trust.

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MT County Extends Zoning Regs for Crypto Mining
Mar27

MT County Extends Zoning Regs for Crypto Mining

In April 2019, the Missoula County Board of Commissioners adopted new interim zoning regulations designed to address issues related to cryptocurrency mining in the country. In a unanimous decision, the board voted on Thursday to extend those regulations for another year beyond their original expiration date of April 3, 2020.

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Coin Metrics Closes $6M Series A Funding Round
Mar26

Coin Metrics Closes $6M Series A Funding Round

Boston blockchain analytics company Coin Metrics has completed a $6 million Series A funding round, according to a March 26 report from The Block. The successful round was led by Highland Capital Partners and several other investors, including Coinbase, Fidelity, Dragonfly Capital, and Digital Currency Group.

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Court Injunction Blocks Telegram’s Issuance of GRAM Tokens
Mar25

Court Injunction Blocks Telegram’s Issuance of GRAM Tokens

A New York federal judge has issued a preliminary injunction barring Telegram from issuing and distributing its GRAM digital tokens, the Block reports. The Court, applying the Howey test, determined that the distribution would violate the nation’s securities laws.

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EY Japan to Launch Blockchain Solution for Sake
Mar21

EY Japan to Launch Blockchain Solution for Sake

EY Japan has plans to launch a new blockchain-based tracking system called Sake Blockchain, Nikkei Asian Review reports. The system will allow data-sharing of information that can help sake producers more effectively authenticate their products and counter rival counterfeit offerings.

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SEC Moves to Halt Alleged Cryptocurrency Scam
Mar20

SEC Moves to Halt Alleged Cryptocurrency Scam

The U.S. Securities and Exchange Commission announced Friday that it has halted an alleged cryptocurrency scam and frozen related assets. In a press release, the commission confirmed that one of the accused fraudsters is a former Washington state senator, David Schmidt.

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Argentine Regulator Approves Expansion of Blockchain Gas Distribution Tracking System
Mar19

Argentine Regulator Approves Expansion of Blockchain Gas Distribution Tracking System

Argentinian natural gas regulators have approved an expansion of the blockchain-based Gasnet network to cover the entire nation. The system has previously been used by Gasnor, a local distributor which used Gasnet to track gas distribution to roughly 2 million people in Argentina.

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Bakkt Announces Completion of $300 Million Funding Round
Mar17

Bakkt Announces Completion of $300 Million Funding Round

Bakkt announced the completion of a $300 million Series B funding round, in a blog post on Monday. Investors include Intercontinental Exchange, Boston Consulting Group, PayU, Pantera Capital, CMT Digital, Goldfinch Partners, and Microsoft’s M12.

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Organizers Postpone Japan’s Largest Blockchain Summit, Citing Covid-19 Concerns
Mar16

Organizers Postpone Japan’s Largest Blockchain Summit, Citing Covid-19 Concerns

Organizers for the TEAMZ Blockchain Summit have officially announced that they are postponing the event until September 28, due to concerns about the coronavirus. The event is the largest blockchain-related gathering in Japan and was originally scheduled to begin in April.

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Washington Federal Judge Rules in Favor of County in Electricity Rate Dispute with Cryptocurrency Miners
Mar14

Washington Federal Judge Rules in Favor of County in Electricity Rate Dispute with Cryptocurrency Miners

A federal judge in Washington has rejected cryptocurrency miners’ claims that Grant County’s new electricity rates for emerging industries violated their rights and federal law. In the ruling, Eastern District of Washington District Court Judge Rosanna Peterson determined that the plaintiff miners failed to show that Grant County violated any provisions of the Federal Power Act.

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NY Demands that Cryptocurrency Firms Provide Coronavirus Preparedness Plans
Mar13

NY Demands that Cryptocurrency Firms Provide Coronavirus Preparedness Plans

On March 10, the New York State Department of Financial Services issued guidance directing digital currency firms to provide the government with their coronavirus (COVID-19) preparedness plans. According to DFS, the move was necessary to ensure that companies have plans in place to deal with any financial or operational risks related to the virus outbreak.

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India’s Supreme Court Overturns Ban on Cryptocurrency Trading
Mar05

India’s Supreme Court Overturns Ban on Cryptocurrency Trading

The Supreme Court of India overturned a central bank ban on digital currency trading on Wednesday in a decision that struck down RBI’s 2018 decision barring the country’s banks from doing business with cryptocurrency exchanges. As CNN reports, the ruling is a victory for the digital currency exchanges that had challenged the central bank’s action, many of whom celebrated the high court’s decision.

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New CoronaCoin Ties Supply of Currency to Coronavirus Infections
Mar01

New CoronaCoin Ties Supply of Currency to Coronavirus Infections

A new cryptocurrency project relies on a novel – and some might say ghoulish – gimmick. The token, called CoronaCoin is designed to ensure that the number of coins in existence decreases as the number of Coronavirus cases around the world rises.

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Billionaire Buffett Vows He Will Never Own Cryptocurrency
Feb24

Billionaire Buffett Vows He Will Never Own Cryptocurrency

Warren Buffett, the billionaire CEO and Chairman of Berkshire Hathaway, vowed today that he will never own any cryptocurrency. He made that promise during a CNBC Squawk Box interview in which he reaffirmed his longtime disdain for digital currency.

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Shopify to Join Libra Association
Feb22

Shopify to Join Libra Association

Shopify announced yesterday that it will be joining the Libra Association. The e-commerce giant’s decision to become a member of the embattled cryptocurrency group comes after the association has suffered several high-profile defections in recent months, including founding payment service firms like Visa, Mastercard, and PayPal.

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Report: IRS Wants to Meet with Cryptocurrency Groups at March Summit
Feb19

Report: IRS Wants to Meet with Cryptocurrency Groups at March Summit

The Internal Revenue Service has apparently invited a number of cryptocurrency groups to participate in a summit on March 3, Bloomberg Tax reports. The agency summit is designed to foster a dialogue with industry leaders, companies, and other advocates to help the agency better understand how it can create a balance between regulatory enforcement and effective taxpayer service.

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