Crypto News Regulators 

Macau Authority Issues Cryptocurrency Warning…

“Monetary Authority of Macau reminds all Macau residents that cryptocurrencies are virtual products, but not legal currencies or financial tools” writes Rebecca Campbell for livebitcoinnews.com. In the statement, the authority wrote: The media has reported that a Macau company was involved in an ICO [initial coin offering] recently.Under Macau monetary regulations, it is forbidden for any bank or payment institution to provide services to cryptocurrency exchanges.Macau joins a growing number of authorities that are reminding residents that digital currencies such as bitcoin aren’t legal and can be linked to criminal…

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Crypto News 

Cambridge Analytica was planning a coin offering before scandal

“A coin offering would have made Cambridge Analytica one of hundreds of firms attempting to raise capital as the value of digital currencies soar” reports nypost.com. Cambridge Analytica was planning to raise money by issuing a new type of digital currency before it became embroiled in a scandal surrounding the misuse of Facebook personal data, sources familiar with the matter told Reuters on Tuesday.Cambridge Analytica has said it properly licensed data on far fewer users from a research firm. Source: nypost.com Share This:

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Crypto News 

Pornhub starts accepting cryptocurrency

“Verge cryptocurrency is anonymity-focused, which is why Pornhub executives say they chose it over other potential partners” writes Apr Edt for theverge.com. Now, users can pay for any Pornhub features, including a Premium subscription, using Verge cryptocurrency.Pornhub has started accepting cryptocurrency as a payment option, the company announced today.The site now accepts Verge cryptocurrency (no relation to The Verge), a rebranded version of Dogecoindark, which split off from the original meme coin, Dogecoin, in 2014.Still, Pornhub wasn’t one of the sites to include cryptocurrency as a payment method back then,…

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Crypto News 

In South Korea, overseas cryptocurrency offerings skirt local clampdown

“Launched by DAYLI Financial Group, Icon is listed in Bithumb and Upbit, South Korea’s major cryptocurrency exchanges, and started trading on March 21” writes Midwest Communications Inc for 95kqds.com. Soon afterward, South Korea’s financial regulator made it difficult to trade cryptocurrencies anonymously, and trading volumes in digital money such as bitcoin promptly collapsed in what had been their busiest market.The blockchain association’s Kim said the ban on local ICOs would push more companies to pursue the overseas route.Kim Haw-joon, co-chief of the Korea Blockchain Association, predicted that local exchanges would…

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Crypto Markets News 

Bitcoin holds steady above $7,000 as 2 Wall Street legends reportedly eye the crypto market

“Bitcoin, the largest cryptocurrency by market capitalization, was trading up 2.1% at $7,047 a coin, according to Markets Insider data” writes Finanzen Net Gmbh for businessinsider.com. Major cryptocurrencies were trading in the green Sunday morning following reports that two traditional Wall Street firms are eyeing the market for digital currencies.Adam Fisher, who oversees global macroeconomic investing for Soros Fund Management, has gained internal approval to invest in and trade cryptocurrencies, according to a Bloomberg News report.But investors appeared to be more bullish during Sunday’s trade following reports that two Wall…

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Crypto News 

GMO Coin Exchange Announces new Measures to Comply…

“Despite their self-regulation approach, local regulators will crack down on any dubious activity” writes Jp Buntinx for livebitcoinnews.com. It is evident local regulators don’t take kindly to any infringements in this regard.Their new plan to improve security is a positive development overall.Japanese regulators made it clear the company needs to step up its game sooner rather than later.GMO, one of the most recent companies to launch a trading platform, is taking this feedback to heart. Source: livebitcoinnews.com Share This:

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Crypto Futures News 

CFTC’s right to prosecute virtual currency fraud comes under fire

“My Big Coin Pay, Inc. and all the entities and individuals associated with it now argue against such a treatment of virtual currencies” reports financefeeds.com. They assert that the Court’s ruling that virtual currencies are commodities applies only to Bitcoin and not to My Big Coin.The CFTC has voiced its intentions to use the Court’s ruling in other cases targeting virtual currency scams, including the case against My Big Coin Pay.The only virtual currency on which futures contracts are traded is Bitcoin but this treatment should not apply to My…

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Crypto Markets News 

Bitcoin just grabbed its biggest slice of the crypto pie since last year

“During Thursday’s trade, the largest crypto made up 45.66% of the total market, its largest slice of the cryptocurrency pie since the beginning of the year” writes Frank Chaparro for businessinsider.com. As the market for digital currencies sheds billions, bitcoin continues to eat up market share.Meanwhile, the total market cap for digital currencies stood at $274 billion, down more than $500 billion from its all-time high.The cryptocurrency marketplace, which is known for its spine-tingling volatility, saw bitcoin grab market share as it ran up to $20,000 at the end of…

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Crypto News Platforms 

Massachusetts’ top securities regulator orders five firms allegedly conducting ICOs to halt the offer of “unregistered securities”

“At the same time, technology firms have started to crack down on issuers using their platforms to promote their coin offerings” writes Reuters Editorial for reuters.com. NEW YORK (Reuters) – Massachusetts’ top securities regulator has ordered five firms that were allegedly conducting initial coin offerings for cryptocurrencies in the state to halt the sale or offer of their “unregistered securities,” he said on Tuesday. Source: reuters.com Share This:

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Crypto News 

15 arguments against taxing cryptocurrency trades

“Tax cryptocurrency only when traded for another asset class, like dollars or gift cards or Teslas” writes Adam Ghahramani for venturebeat.com. At this year’s Battle of the Cryptos event in NYC, a consensus trend prediction was the decentralized exchange.For example, if you trade one coin that’s pegged to the dollar for another coin that’s pegged to the dollar, isn’t that like trading one dollar for one dollar?. In order to buy a smaller coin, you need to first buy Bitcoin or Ethereum.With a decentralized exchange, there’s no one to petition. Source:…

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