Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation

Venezuelans are used to their currency costing less than the paper it’s printed on. Economic misfortunes and political upheaval place their country at the bottom of all inflation charts, year after year. The latest incarnation of the national fiat, Bolívar Soberano, has succumbed to the illness of all previous emissions – rapid depreciation. The government […]

GateHub Issues Update on $10 Million XRP Hack

GateHub has issued an update on the efforts to recover from the hack suffered earlier in June 2019. Hackers managed to steal about $10 million worth of XRP tokens from the cryptocurrency wallet platform. Apart from exchanges proper, bad actors continue to assail virtual currency custody providers in a bid to get a hold of […]

Eos Developer Block.one Working With Lobbying Firm on Blockchain Issues

Eos (EOS) parent company Block.one has disclosed that it is a client of a lobbying firm in a disclosure form registered in May. In the document, Block.one is cited as the client of international law firm Holland & Knight LLP, whose offices globally work on over 200 different practice areas including regulatory and government affairs, […]

Republic of San Marino Issues Regulatory Policies on Tokens, Token Offerings

The captains regent of the Republic of San Marino, Nicola Selva and Michele Muratori, have issued a governmental decree on blockchain tech for businesses, according to a recent document. The new decree outlines procedures for registering a blockchain-based organization with the “Istituto per l’Innovazione della Repubblica di San Marino,” or San Marino Innovation Institute.   […]

Bitcoin (BTC) Reject Lower Prices, IRS To Clarify On Basic Tax Issues

BTC bulls absorbing sell shocks IRS to clarify emerging concerns in their next update probably in Q3 2019 The IRS is set to issue another crypto tax guideline at a tentative time this year after five years of silence. That will better clarify their position as they address pressing queries around crypto valuation, forks, and […]

Tokenisation Platform BlockState Issues its own Digitised Equity for Global Investors

BlockState issues tokenised equity in Swiss regulated Security Token Offering (STO). The issuance opens safe, regulated access to BlockState equity for institutional, professional and retail investors globally. The STO shows the functionality and advantages of digital asset issuance for SMEs looking to access capital markets. Berlin, 06.06.2019: The Swiss security tokenisation provider BlockState has announced that […]

Securities Regulator Issues Suspension to Crypto Investment Firm, Associated Crypto

Italy’s national securities regulator, La Commissione Nazionale per le Società e la Borsa (CONSOB), has issued a notice suspending investment firm Tessline and its cryptocurrency liracoin. The news was reported by Cointelegraph Italy on June 4. In its notice, CONSOB stated that a series of entities and websites affiliated with both Tessline and liracoin are […]

Rwanda’s Central Bank Issues PSA on Alleged Cryptocurrency Get-Rich-Quick Scams

The National Bank of Rwanda, the country’s central bank, has issued a public service announcement on alleged cryptocurrency scams, according to an official Twitter post on May 30. The central bank specifically warns the public about initial coin offering (ICO) scams and crypto-based Ponzi schemes, which purport to offer a quick and significant return on […]

BlockFi Now Accepts Deposits and Issues Loans in Gemini USD (GUSD)

American crypto finance company BlockFi announced support for customers using Gemini USD (GUSD) as a substitute for fiat USD, on May 29, 2019. This move paves a path for non-U.S. residents to access the dollar-denominated debt market. Support is currently limited to non-U.S. residents given the regulatory uncertainty within the United States. Dollarization of Debt […]

Research: Bitcoin Cash Hardfork Plagued by Three Key Issues

As reported by BTCManager earlier in May 2019, the Bitcoin Cash network went ahead with its hard fork as earlier planned. However, the event was nearly scuppered by a bug on the Bitcoin ABC client which rendered the chain non-functional for several hours. Now, a BitMEX research report on May 24, 2019, has revealed three […]