Bloomberg Discovers U.S. FTC’s Subpoena of Tether and Bitfinex According to Bloomberg, the U.S. Commodity Futures Trading Commission (FTC) sent subpoenas on December 6, 2017, to Bitfinex and Tether. Both companies have the same CEO, Jan Ludovicus van der Velde. Federal authorities are going to assess if all of Tether’s coins are backed by U.S. dollars […]
Credits: istock.com/lightboxx Ethereum News Update Ethereum prices are proving more resilient than BTC or BCH, but that doesn’t mean they are untouched by this week’s crypto market crash. Ethereum too was affected by the tidal wave of pessimism. As a result, ETH is trading 4.66% lower against the U.S. dollar. This puts the Ethereum to […]
The US Securities and Exchange Commission continues its crusade against potentially fraudulent ICOs. On January 25, 2018, one day before the Texas Banking commissioner issued a cease and desist letter, the US Securities and Exchange Commission (SEC) filed a complaint against AriseBank, Stanley Ford, and Jared Rice Sr. in federal district court in Dallas. The […]
Lithuania’s Finance Minister related his thoughts on cryptocurrency, and how he sees promise in blockchain technology. On January 30, 2018, Lithuania’s Finance Minister Vilius Šapoka spoke to press at the Paris Fintech Forum about his country’s open approach to FinTech management and cryptocurrency regulation. Šapoka believes there is potential in the application of blockchain platforms to […]
One of the world’s most significant technical professional organizations is hosting a forum to discuss the future of medical data. As announced on January 30, 2018, the Institute of Electrical and Electronic Engineers (IEEE) along with its own internal standards-setting body, the IEEE Standards Association, will host a one-day event highlighting the potential of blockchain […]
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Ethereum News Update Yesterday, I said Ethereum is starting to front-run Bitcoin in terms of institutional support. And what happened the same day? A major pension fund launched a $50.0-million cryptocurrency investment fund—and it is based around Ethereum. The new fund comes courtesy of OMERS, one of Canada’s biggest pension funds. (Source: “Ethereum Capital Announces […]
One of Canada’s largest investment funds is hoping to leverage the ethereum ecosystem through a new venture. Ethereum Capital, a recently incorporated entity formed primarily by Canadian investment group OMERS, is raising $50 million and preparing for a reverse-takeover procedure. When the funding round is completed on Feb. 16, the company will invest the funds […]
Indonesia’s central bank will trial a state-issued cryptocurrency later this year, according to reports. At some point in 2018, Bank Indonesia (the country’s central bank) will reportedly trial a state-issued cryptocurrency, which is being referred to by Indonesian media sources as the “digital rupiah.” Susiati Dewi, the assistant deputy executive director of the bank’s payment […]
A cutting-edge simulation laboratory held by the United Nations in order to explore how blockchain technology can help empower women who participate in a spectrum of humanitarian activities is underway. Running from January 29-February 1, 2018, UN Women – the United Nations organization that fights gender inequality and is dedicated to empowering women and girls […]
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