IMF Chief Lagarde Tells Central Bankers: “Not Wise to Dismiss Virtual Currencies”
Christine Lagarde, head of the IMF, warns central bankers that bitcoin is rising. She has told them not to discount digital currencies, because they are gaining more adoption and traction. Lagarde addressed this issue in a conference Friday in London. She said digital currencies might give existing currencies “a run for their money.” Also read: Cayman Investment […]
Australian Securities & Investments Commission Issues Guidance for Initial Coin Offerings
On the 28th September, the Australian Securities & Investments Commission (ASIC) published a document providing regulatory guidance for businesses that may be engaging in operations pertaining to initial coin offerings (ICOs). The release seeks to clarify the circumstances under which different types ICO may be subject to the Corporations Act, and identify the legal requirements […]
The Satoshi Revolution – Chapter 1: A Revolution of Rising Expectations
The Satoshi Revolution: A Revolution of Rising Expectations, Chapter 1 (part 1). by Wendy McElroy Section One: The Trusted Third Party Problem Chapter One: Listening to the Past “The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, […]
SEC Charges ‘Real Estate and Diamond’ ICO With Fraud
On September 29th 2017, the U.S. Securities Exchange Commission (SEC) charged an Initial Coin Offering (ICO) operator with fraud. The ICO project in question, REcoin, claimed their token was the “first ever cryptocurrency backed by real estate,” and that they also invested the company’s assets in diamond reserves. Also read: Bitcoin Software Wars: The Case Against […]
Virtual Currencies Expected to be Regulated in China on October 1st
Chinese media outlet Jinse.com has reported that laws governing the use of virtual currencies in China will be enacted on October 1st 2017. Jinse states that Chinese cryptocurrency regulations were incorporated into the nation’s “General Principles of the Civil Law of the People’s Republic of China” legislation, which was voted on and passed on March […]
A Closer Look at the Suspicious Activity Involved With the Bitcoin Gold Fork
Just recently news.Bitcoin.com reported on a planned hard fork on the Bitcoin network slated for October 25 called Bitcoin Gold (BTG). There’s a lot of controversy surrounding this fork as the BTG team is very unorganized and the project is also tied to those perpetuating the NO2x movement. Also read: Another Fork? Bitcoin Gold Project Plans […]
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Japan Endorses 11 Different Crypto Exchanges, Turns Into Friendliest Asian Bitcoin Market
Japan’s Finacial Services Agency (FSA) announced last Friday that they are endorsing 11 different cryptocurrency exchanges. This sets Japan on a path to becoming the headquarters for everything Bitcoin, especially since China recently crippled their crypto market by banning exchanges. This means Japan now represents one of the most cryptocurrency-friendly countries in Asia. Also read: India’s […]
The Bitcoin ETF Holy Grail — Another Firm Attempts the Odds Against SEC
According to public records, another company has filed with the U.S. Securities Exchange Commission to create two bitcoin exchange-traded funds (ETF) based on Bitcoin derivatives. ETF firm Proshares Capital Management aims to get its bitcoin-futures products listed on the New York Stock Exchange (NYSE) with a proposed maximum aggregate offering price of $1M per ETF. […]
Cayman Investment Forum Focuses on Rise of Bitcoin and Failing Dollar
The financial ecosystem is changing radically. The Cayman Investment Forum recognizes this, and hopes to address concerns about this new financial world. The founders of the event believe either bitcoin or gold will represent the future store of value. They are pursuing this thought by having their elegant conference focus on the monetary paradigm shift […]
