Category: N-Economy

  • Aboveboard Founder Claims ‘Nobody Is Buying’ STOs

    Aboveboard Founder Claims ‘Nobody Is Buying’ STOs

    Andy Singleton, the founder of securities exchanges Aboveboard, has published an article asserting that the security token offering (STO) market is “lifeless.” While Singleton acknowledges the efficiency savings facilitated by the introduction of distributed ledger technology to the securities industry, he argues that current offerings are plagued by poor liquidity and inadequate disclosure,. resulting in…

  • Lithuania Central Bank’s Policy Update Opens the Door for Crypto Payments

    Lithuania Central Bank’s Policy Update Opens the Door for Crypto Payments

    The central bank of Lithuania has updated its position on cryptocurrencies and tokens issued through initial coin offerings. The regulator has revised the definition of these assets specifying the conditions under which financial institutions can operate with digital money and accept crypto payments. Also read: Court Rules Brazil’s Bitcoin Max Exchange Can Keep Bank Account…

  • Coinbase Wallet App Adds Bitcoin Cash Support

    Coinbase Wallet App Adds Bitcoin Cash Support

    Coinbase announced on Tuesday that users of its wallet app can now directly store their bitcoin cash. The app update will be rolled out to all iOS and Android users in the next few weeks. Both Cashaddr and legacy address formats are supported alongside Bitcoin Cash Testnet for developers. Also read: SEC Chair Explains Key Upgrades…

  • Indian Government Inaugurates National Crypto Forensic Lab

    Indian Government Inaugurates National Crypto Forensic Lab

    The government of India has inaugurated a national cyber forensics lab which includes a cryptocurrency forensic lab to perform crypto-related analyses. Alongside this is the inauguration of the Delhi Police’s cybercrime unit which will deal with fraud involving cryptocurrencies. It is the first cybercrime awareness and detection center in the country, according to a commissioner. Also…

  • Regulators Explain Why Bitcoin Futures Are Easier to Approve Than Bitcoin ETFs

    Regulators Explain Why Bitcoin Futures Are Easier to Approve Than Bitcoin ETFs

    Commissioners of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have come together to discuss their regulatory approaches to bitcoin futures contracts and bitcoin exchange-traded funds (ETFs). The two regulators are also open to collaborating on their oversight of crypto investment products. Also read: Indian Supreme Court Moves Crypto Hearing,…

  • Court Reconsiders Ruling After SEC Proves Blockvest Tokens Are Securities

    Court Reconsiders Ruling After SEC Proves Blockvest Tokens Are Securities

    After failing to convince a federal court regarding the nature of Blockvest tokens in the previous hearing, the U.S. Securities and Exchange Commission (SEC) has finally convinced the same judge that these tokens are securities. The agency alleges that the firm and its founder made several false claims regarding their token’s regulatory status. Also read: SEC…

  • Post Office in Liechtenstein Now Sells BTC

    Post Office in Liechtenstein Now Sells BTC

    The government-owned post office in Liechtenstein has begun offering a cryptocurrency exchange service. Initially, the post office in the capital city of Vaduz will sell BTC, with four more cryptocurrencies planned. The service is in partnership with Zug-based Värdex Suisse, the operator of “the largest crypto ATM network in Switzerland.” Also read: Indian Supreme Court Moves…

  • Indian Blockchain Summit Draws Policy Makers to Speed up Crypto Regulation

    Indian Blockchain Summit Draws Policy Makers to Speed up Crypto Regulation

    An Indian government-supported blockchain summit is drawing many policy makers with the aim to speed up the development of cryptocurrency regulation in the country. Among expected participants are officials from the Indian Ministry of Finance and the panel currently tasked with drafting the regulatory framework for cryptocurrencies. Also read: Indian Supreme Court Moves Crypto Hearing, Community…

  • Russia’s Minister of Justice: Cryptocurrencies Don’t Need to Be Legally Defined Yet

    Russia’s Minister of Justice: Cryptocurrencies Don’t Need to Be Legally Defined Yet

    Russia’s stance on cryptocurrency remains unclear after the Minister of Justice this week announced that there is still no need to formalize crypto-related legislation. This is because digital assets cannot be used as a means of payment, it asserts, because the constitution forbids it.  Also Read: Over 50 Bitcoin ATMs Operate Legally in Russia, Study Finds …

  • ICO Investments Fall 95% in 10 Months

    ICO Investments Fall 95% in 10 Months

    Interest in token sales has dropped dramatically over the past 10 months, with investment falling almost 95 percent. Nevertheless, according to a new study, the ICO market is still significantly larger than two years ago. Also read: Localbitcoins to Introduce New User Verification Rules Startups Raised Less Than $300 Million in January Investment in startups…