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The Securities and Exchange Commission’s head of the Division of Corporate Finance, William Hinman, stated during the Yahoo All Markets Summit today in San Francisco that cryptocurrencies like BTC and ETH are not securities. Soon after the SEC executive made the statements, cryptocurrency markets saw some gains as BTC rose $350 immediately after the news went public. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space SEC Executive: Decentralized Cryptocurrencies Are Not Securities The SEC executive who is in charge of overseeing the cryptocurrency and initial coin offering (ICO) landscape,…

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The US Commodity Futures Trading Commission (CFTC) is being challenged in court over its oversight of cryptocurrencies. The defendants argue that their tokens are not commodities, with no futures contracts, which the CFTC regulates. The outcome of this case could affect the Commission’s ability to police all future crypto frauds. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Challenging the CFTC’s Power The power of the CFTC over cryptocurrencies has reportedly been challenged in court. The case involving My Big Coin could determine whether the derivatives regulator “has the authority…

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As an emerging asset class, cryptocurrency and blockchain technology related investments are gaining begrudging respect among finance professionals. Market slides aside for the moment, a study released by Grayscale Investments attempts to make the case investors should seriously consider adding crypto to their respective portfolios, as they bring better returns and, counterintuitively, reduce risk and volatility. Also read: Crypto and Virtual Reality Meet in Ken Liu’s Science Fiction Grayscale Urges Modern Investors to Incorporate Crypto into Portfolios Granted, it’s a strange time to be making such an argument: crypto markets…

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Binance, the cryptocurrency exchange platform behemoth, will support the ICON ICX mainnet token swap. The platform announced the move in a blog post on its website on June 13, 2018. The announcement likely brings to an end the confusion over the status of ICX mainnet and ERC-20 ICX tokens. Details of the Token Swap According to the Binance statement, the platform will suspend all ICX deposits and withdrawals beginning June 20, 2018. ICX holders have until that time to transfer their ERC-20 ICX tokens to Binance. The platform will handle…

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Following the hack of a largely unheard-of cryptocurrency exchange in South Korea and a probe by US government investigators into Bitcoin price manipulation, the cryptocurrency market has once again broken to the downside — and things aren’t looking pretty.  Brutality At the time of this writing, the total market capitalization for cryptocurrencies is sitting at roughly $283 billion USD — a number many would’ve found unbelievable following January’s high of over $830 billion. With bears firmly in control, it is likely the overall market cap will test critical (and psychological)…

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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. Have you ever wondered why, even though the freelance industry has grown tremendously in the past decades, it failed to acknowledge the recession issue at so many levels? We will come to that but let’s first explore the growing industry a little. The industry, without…

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Fake ether token giveaways are clogging Twitter threads, and seemingly by the second. Targeting well-known ecosystem figures, doppelganger accounts are created, complete with matching avatars. A particularly active post can almost assuredly be counted on to receive seemingly organic calls for participation in free crypto programs hosted by the respective personality. And now they’re incorporating Google+ redirects. And it’s working. And Twitter seems to be either doing nothing about it or is just plain impotent.   Also read: Crypto and Virtual Reality Meet in Ken Liu’s Science Fiction Twitter Crypto…

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A serious Russian investment in a new mining facility in Norway has sparked questions – why here, why now? Russians are throwing a billion kroner into a project to install thousands of powerful computers mere kilometers from the scene of a large NATO exercise. The construction of the farm is expected to begin this summer, and Norwegian counterintelligence is already interested to know what’s in the arriving containers.    Also read: Russian Railways Eyes Crypto for Tickets, Blockchain for Cargo Russian Mining Farm in the Forests of Norway The Russian…

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Bitcoin Mercantile Exchange (Bitmex) released proprietary research reportedly geared toward their VIPs. Researchers find bitcoin core’s (BTC) deflationary aspects interesting for speculation and as a “payment system,” but predict it will ultimately not usurp government paper, describing the BTC phenomenon as simply a “useful niche,” and those who “think Bitcoin would result in a more prosperous economic system” as “naive.” It’s a strange position to take as a bitcoin exchange.  Also read: Philippines’ Crypto Wallet Reaches 5 Million Users, Adds More Coins Before Weirdly Turning, Bitmex Praises BTC’s Deflationary Aspects…

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After a week of boring sideways trading, the cryptocurrency market has made its decision — solidifying that sellers are firmly in control.  Sea of Red The last 24 hours have been a bloodbath for cryptocurrencies across the board after a week of prolonged sideways trading kept sellers firmly in control. The total cryptocurrency market capitalization has fallen from roughly $340 billion at 01:30 CET to nearly $320 billion at 10:00 CET — with the majority of said loss occurring in the span of fewer than 2 hours. At the time of…

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