DOJ Crypto Investigation Tanks Prices, Fundstrat Welcomes Adult Supervision

Investigations are all about the crypto ecosystem, but a recent report regarding a US Department of Justice price manipulation crackdown was widely said to be the cause of market caps falling, and by a lot. Fundstrat, the ecosystem’s favorite financial professional crypto bull, is on record as welcoming government regulation, what it calls “adult supervision.” … Read more

SA Central Bank Comes Up With Another Nickname for Cryptos – “Cyber Tokens”

Cryptocurrencies don’t meet the requirements of money, according to the South African Reserve Bank which has decided to call them by a different name. It’s one that does not imply either currency or cryptography. “We prefer to use the word ‘cyber-token’,” said a high-ranking official of the central bank in Pretoria, adding another entry into … Read more

Singapore Warns Eight Digital Currency Exchanges to Back Off

The Monetary Authority of Singapore (MAS) has warned eight unnamed digital token exchanges against engaging in the unauthorized trading of securities or futures contracts without permission. The MAS has also warned an initial coin offering (ICO) issuer to stop offering digital coins in Singapore. Also read: UNOPS and IOTA Sign MOU for Services Agreement Join the Bitsonline … Read more

New Report Sheds Light on Bitfinex’s Financial Dealings

A new report claims that cryptocurrency exchange Bitfinex found a new bank in Puerto Rico last year and relied on a Panamanian financial institution to provide liquidity for fiat currency transfers. The news partially opens the lid on Bitfinex’s financial dealings, which have historically been opaque.  Also read: So DOJ Is Investigating the Crypto Space – What … Read more

Is Russia Set to Adopt Crypto-hostile Laws?

The government of Russia has preliminarily adopted its first-ever crypto legislation, but major questions concerning specifics still remain. Overall, it is fair to say that the legislation doesn’t look crypto-friendly. Also see: Bitcoin Is Vulnerable to Verge-Style Time Warp Attacks Subscribe to the Bitsonline YouTube channel for more great interviews featuring industry insiders & experts Crypto Laws See … Read more

Via Hyperledger, AmEx to Test ‘Blockchain for Membership Rewards’

Financial services powerhouse American Express has turned to IBM’s Hyperledger blockchain platform to test a new blockchain-based membership rewards program. The initiative is only the latest mainstream project leveraging Hyperledger’s tech.  Also see: Art On The Blockchain (AOTB) Episode 16: Ethereal Summit NYC Subscribe to the Bitsonline YouTube channel for more great interviews featuring industry insiders & experts … Read more

Cryptocurrencies Are Tokens, Not Currencies, Says South African Central Bank

The Central Bank of South Africa, South African Reserve Bank (SARB) reportedly favors referring to cryptocurrencies as “cyber-tokens” instead of bracketing them as currencies, claiming they lack the proper attributes of money in the wider economy. Also see: India’s Leadership Mulling 18% GST Tax on Crypto Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, … Read more

The 2018 Pornhub Games Will Award VIT Crypto to Winners

After their recent team up with the Verge (XVG) cryptocurrency project, porn industry powerhouses Pornhub continue their embrace of crypto with their inaugural 2018 Pornhub Games competition. That’s per a casting call now making the rounds that signals top placers will win Vice Industry Tokens (VIT). Also see: Art On The Blockchain (AOTB) Episode 16: Ethereal … Read more