New Wyoming laws favor miners and cryptocurrency banks

Cryptocurrency NewsBy 16/08/2021

The state of Wyoming has passed legislation to attract miners and cryptocurrency companies to its jurisdiction. Wyoming has always been a little different from the rest of the United States. It was the first state to grant women suffrage, and its current policies are deeply libertarian. And especially in Wyoming, the first DAO in the United States was registered. In most states, any company that processes cash (or cryptocurrency) payments must prove they have sufficient…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 14/08/2021

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Study: 55 out of 100 largest banks invest in cryptocurrency and blockchain companies

Cryptocurrency NewsBy 13/08/2021

The world’s largest banks, including Barclays, Citigroup and Goldman Sachs, are expanding their involvement in the cryptocurrency and blockchain industry through funding projects and businesses in the industry. According to a study by Blockdata, 55 of the world’s 100 largest banks by assets under management interact in one way or another with the blockchain and cryptocurrency industries. Their involvement includes direct and indirect investments in cryptocurrency and decentralized ledger technology companies, according to the researchers.…

Chilean peso stablecoin appeared on the Stellar blockchain

Cryptocurrency NewsBy 13/08/2021

Chilean company CLPX has launched the first ever Chilean stablecoin pegged to the peso and copper reserves, dubbed CLPX. Chile is the leading exporter of copper in the world, the share of this metal in the country’s GDP is about 21% ($ 15.2 billion). As the country’s economy was bolstered by record high copper prices, CLPX selected it as the backing for the stablecoin. “The new CLPX token aims to speed up remittances as well…

Hacker hacked Poly Network began to recover stolen tokens

Cryptocurrency NewsBy 12/08/2021

On the evening of August 10, the largest hack in the history of the decentralized finance industry occurred. However, the hacker is ready to return what was stolen from the Poly Network project. At least partially. Yesterday, $ 611 million worth of cryptocurrencies and tokens were stolen from the DeFi Poly Network project, and the hacker said that he could have stolen more, but is not interested in “shitcoins”. According to him, he is not…

The rise and fall of Robinhood shares after the IPO: what do HOOD and ERC-20 have in common?

Cryptocurrency NewsBy 12/08/2021

American “people’s broker” Robinhood didn’t go to the IPO very well, but then its shares skyrocketed. Why is this interesting for cryptocurrency users? The Robinhood trading platform is known for being one of the first US brokers to connect cryptocurrency support. It was on her that the Wall Street Bets movement began a war with large funds. And now the shares of the broker itself have become the subject of exchange games. Robinhood went public…

BitMEX will pay $ 100 million to settle claims by CFTC and FinCEN

Cryptocurrency NewsBy 11/08/2021

Cryptocurrency derivatives exchange BitMEX announced a settlement of claims by the US Commodity Futures Trading Commission (CFTC) and the US Financial Crimes Enforcement Network (FinCEN). In October 2020, the CFTC filed a lawsuit against the management of the BitMEX exchange, accusing him of illegally doing business in the United States and violating the KYC and AML rules. Subsequently, regulators accused the top managers of the exchange of withdrawing $ 440 million from the site after…

ReportLinker: Blockchain Identity Solutions Market To Grow $ 3.58 Billion By 2025

Cryptocurrency NewsBy 11/08/2021

According to research firm ReportLinker, the market for blockchain-based identity applications will grow by $ 3.58 billion over the next four years. ReportLinker researchers analyzed the potential of decentralized identity storage solutions. Options for their practical use at the government level, as well as in the health, banking, finance and insurance sectors were explored. After examining data from Accenture, Amazon, Bitfury Group and Civic Technologies, analysts expect the global blockchain-based identity market to grow by…

Blockchain Australia: “blockchain and cryptocurrencies cannot be compared to the Wild West”

Cryptocurrency NewsBy 10/08/2021

The industry organization Blockchain Australia has accused the Australian government of inaction and reluctance to develop regulations to regulate blockchain in the country. Blockchain Australia CEO Steve Vallas chided the local government for considering the cryptocurrency industry a “hotbed of scammers and attackers” rather than interacting with target groups to develop effective regulation. Wallas said this in a speech to the Australian Senate Special Committee. In July, Blockchain Australia approached the Australian Senate Technology and…

Poloniex will pay SEC more than $ 10 million for trading securities without registration

Cryptocurrency NewsBy 10/08/2021

According to the SEC, the Poloniex exchange violated the securities law. Poloniex agreed with the submission to cease illegal actions and pay the fine. The Securities and Exchange Commission order states that from July 2017 to November 2019, Poloniex used a trading platform that was not registered and performed digital asset exchange transactions, including digital assets that could be considered “investment contracts” and therefore securities. The criterion for digital assets that can be classified as…

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