How Blockchain could have Prevented the Danske Bank Scandal 

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Imagine how shocking it would be for a bank to launder almost ten times the country’s GDP. That’s not all. Now, imagine if all the money came from non-residents of the Ukraine, Russia, Moldova, Azerbaijan and several other countries of the now-defunct Soviet Union. Indeed, this would make it the largest money laundering scandal of … Continue reading ” How Blockchain could have Prevented the Danske Bank Scandal “

Regulators Drafting Cryptocurrency Regulations, Despite Bear Market

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Financial authorities are still trying to find the right legal framework to regulate cryptocurrencies. Different jurisdictions have different laws. All, however, seem to agree on one thing that the crypto space requires: regulations. To create a working framework, governments and financial authorities  have spent hours behind closed door trying to figure out the right approach,.  … Continue reading “Regulators Drafting Cryptocurrency Regulations, Despite Bear Market”

Cryptocurrency ETF Approval: The First One Goes Live this Week

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The U.S. investment watchdog, the Securities and Exchange Commission (SEC) has repeatedly turned down Exchange-Traded Funds (ETF) seeking its approval. However, while the U.S. regulators are dragging their feet, their Swiss counterpart seems to be setting the pace. The global cryptocurrency community will welcome the first-ever ETF on a traditional stock exchange. A crypto startup, Amun … Continue reading “Cryptocurrency ETF Approval: The First One Goes Live this Week”

US SEC Cracks Down on Two More Initial Coin Offerings (ICOs)

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The SEC wrapped up settlements with two ICOs on Friday and published their orders. The ICOs were Airfox and Paragon. Together, they raised over $10 million from a few thousand investors. Following the settlement, they’ll both have to pay a penalty of $250,000 and refund investors’ money. They must also register as securities and report … Continue reading “US SEC Cracks Down on Two More Initial Coin Offerings (ICOs)”

Cryptocurrency: Understanding the Tax Process applying to Bitcoin

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Taxing cryptocurrencies is proving to be a challenge for both authorities and taxpayers. The tax obligation and process are still a little hazy to most people in the crypto space.  Bitcoin and other cryptocurrencies gained a lot of interest for lack of any regulatory obligations. Many love the digital currencies since no government or banking … Continue reading “Cryptocurrency: Understanding the Tax Process applying to Bitcoin”

Blockchain Investor says Bitcoin ETF will Ignite the Next Crypto Rally

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The cryptocurrency market reeks of lackluster performance lately, to say the least. To support that fact, data from many cryptocurrency analytical platforms depicts how bad the market has become. However, it appears that the things are normalizing now. Indeed, records from CoinMarketCap suggest that the market has become increasingly resilient and stable. Therefore, the approval … Continue reading “Blockchain Investor says Bitcoin ETF will Ignite the Next Crypto Rally”

SEC Official: Plain English Guidance on ICO on its Way

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William Hinman, Director of Corporate Finance for the Securities and Exchange Commission (SEC) spoke at FinTech Week in D.C. on Monday.  He said that the SEC will soon have “plain English” guidance for ICOs. The SEC is well aware that many want definitive answers, and Hinman offered some reassurance on the matter Hinman says they … Continue reading “SEC Official: Plain English Guidance on ICO on its Way”

Investor John McAfee Says Cryptocurrency Could Soon Replace Fiat

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Investor John McAfee was a keynote speaker at the Malta Blockchain Summit on Friday. Here he spoke about the use of crypto for personal freedom as opposed to government control. He sees crypto’s dominance as inevitable, but also calls for people to take action to help it grow. McAfee is a former software developer and … Continue reading “Investor John McAfee Says Cryptocurrency Could Soon Replace Fiat”

Your Guide to U.S. Policy on Cryptocurrencies

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As the demand and use of cryptocurrencies rise, so does the ability of various governments to regulate them. Therefore, every country has separate standards, implying that certain governments back cryptocurrencies, while others don’t. For instance, the US alone handles more than 26% of the Bitcoin volume, according to Cryptocompare. With such a high market cap … Continue reading “Your Guide to U.S. Policy on Cryptocurrencies”

Blockchain: Best Technology to Track Gold And Diamonds

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Mining is a critical industry in the global economy. However, even in this industry, there are multiple functions that still remain inefficient.Some of the problems that bedevil the mining industry are corruption, critical data omission and security vulnerabilities. Blockchain technology offers a solution to these issues by providing security and transparency in the supply chain … Continue reading “Blockchain: Best Technology to Track Gold And Diamonds”