Month: February 2018

The US Commodity Futures Trading Commission (CFTC) has created a bounty to encourage whistleblowers coming forward in exposing “pump-and-dump” schemes. “Customers should not purchase virtual currencies, digital coins,” the CFTC warned, “or tokens based on social media tips or sudden price spikes. Thoroughly research virtual currencies, digital coins, tokens, and the companies or entities behind them in order to separate hype from facts.” Also read: Citibank India Bans Bitcoin  Pump-and-Dump Bounty To eat at scammers’ anonymity at least, the CFTC is offering, “If you have original information that leads to a successful…

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According to a Venezuelan official, Tuesday’s Petro pre-sale will have international reach, drawing potential investors from the US, Europe and the Middle East. It was just over two months ago that Venezuela’s president, Nicolás Maduro, announced his bold plan to introduce the country’s first state-controlled cryptocurrency. The Petro would act as a way to circumvent US-imposed sanctions, as well as combat hyperinflation in the country. In the case of the former, US financial institutions have been banned from lending the South American country any more money, making refinancing Venezuela’s existing…

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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. WIPO, the World Intellectual Property Organization, has received a new patent application, owned by the MoneyToken project, as announced on the MoneyToken blog. The application describes a blockchain-based technology process of decentralized lending, secured by cryptocurrency assets as collateral, that doesn’t require vouching agents and…

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Just days before the tiny nation of Gibraltar was said to draft their first initial coin offering (ICO) regulations, Financial Market Supervisory Authority (FINMA) of Switzerland appears to have stolen its thunder in an eleven page document published today. It could be the standard by which developed countries look to install their own versions. Also read: Citibank India Bans Bitcoin  Switzerland Publishes ICO Guidelines “The guidelines also define the information FINMA requires to deal with such enquiries and the principles upon which it will base its responses,” an agency press release…

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While other European countries seek stricter regulations on cryptocurrencies, Spain looks to follow Switzerland’s lead and charge ahead of the curve by proposing crypto-friendly legislation. Spain on the Blockchain Spanish Prime Minister Mariano Rajoy’s People’s Party is ready to throw their full weight behind blockchain technology. The conservative party claims to be preparing crypto-friendly legislation with aims to entice blockchain companies, particularly by including tax breaks. According to Bloomberg, Teodoro Garcia Egea — the lawmaker preparing the bill — believes it is in the interest of the major European country…

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