British Politician: Printing Fiat Money is Counterfeiting, Merit of Crypto

British Politician: Printing Fiat Money is Counterfeiting, Merit of Crypto

Advertisement Twitter Facebook LinkedIn At a European Parliament meeting in 2013, British politician Godfrey William Bloom said that all major banks are broke and criticized the ability of banks to lend money they do not have, which is not possible with decentralized currencies like crypto. At the time, Bloom stated that the ability of central…

Lawyer: Phase Two of SEC’s Enforcement is Slow Painful Grind For Crypto

Lawyer: Phase Two of SEC’s Enforcement is Slow Painful Grind For Crypto

Advertisement Twitter Facebook LinkedIn According to Kobre & Kim government enforcement defense and securities litigation attorney Jake Chervinsky, the second phase of the US Securities and Exchange Commission (SEC)’s enforcement on crypto is a painful and slow grind for the sector. Earlier this week, the US SEC cracked down on Paragon and AirFox, two initial…

How SEC’s Paragon Ruling Could Send Many Crypto ICOs to Bankruptcy

How SEC’s Paragon Ruling Could Send Many Crypto ICOs to Bankruptcy

Advertisement Twitter Facebook LinkedIn The recent crackdown on two initial coin offerings (ICOs) Paragon and AirFox by the U.S. Securities and Exchange Commission (SEC) could lead to many blockchain and crypto projects declaring bankruptcy in the coming months. As CCN reported on November 16, Paragon and AirFox were ordered to pay a $350,000 fine to…

Ripple Chief: Regulatory Clarity Will Drive Crypto, Blockchain Adoption

Ripple Chief: Regulatory Clarity Will Drive Crypto, Blockchain Adoption

Advertisement Twitter Facebook LinkedIn Commenting on the importance of regulation in the technology sector, Brad Garlinghouse, CEO of Ripple, said that introducing regulations will lead to blockchain and cryptocurrency adoption. Garlinghouse made these remarks while talking to the Deputy General Counsel, Ross Leckow, of the International Monetary Fund (IMF) at the Singapore Fintech Festival. The topic of their…

Iran Removed From SWIFT, Will it Switch to Crypto as Planned?

Iran Removed From SWIFT, Will it Switch to Crypto as Planned?

Advertisement Twitter Facebook LinkedIn This week, the U.S. officially removed Iran from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network, disallowing the Central Bank of the Islamic Republic of Iran from working with financial institutions worldwide. Iran could eye a switch to crypto as a response, as it hinted in early 2018. The U.S.…

Why the IMF is Trying to Stop Marshall Islands From Adopting Crypto

Why the IMF is Trying to Stop Marshall Islands From Adopting Crypto

Advertisement Twitter Facebook LinkedIn The International Monetary Fund (IMF), a global financial organization run by 189 countries, is against the proposal of the Marshall Islands to launch a sovereign digital currency by adopting crypto. As early as September 10, the IMF criticized the finalized plans of the Marshall Islands of creating a national cryptocurrency, citing…

Investors Can Only Trade Venezuelan Petro to Crypto if Bought in 2018

Investors Can Only Trade Venezuelan Petro to Crypto if Bought in 2018

Advertisement Twitter Facebook LinkedIn According to TeleSUR TV, a mainstream media outlet in Venezuela, the country’s “cryptocurrency” called the Petro can only be traded to other crypto assets if bought before the end of 2018. Former Wall Street bond trader and digital asset analyst Jill Carlson translated the speech of Venezuelan President Nicolas Maduro, which…

Op-Ed: Smart Order Routing Reduces Crypto Exchange Fragmentation

Op-Ed: Smart Order Routing Reduces Crypto Exchange Fragmentation

Advertisement Twitter Facebook LinkedIn The lack of suitable institutional-grade platforms is undoubtedly one of the greatest obstacles to institutional money flowing into the burgeoning field of cryptocurrencies. However, the fact that this type of platform has not emerged so far is somewhat understandable. Not only are cryptocurrency markets a lot less mature than traditional finance…

NEO Super: Next-Generation Blockchain or Crypto Scam?

NEO Super: Next-Generation Blockchain or Crypto Scam?

Advertisement Twitter Facebook LinkedIn Several reports from the NEO underground have been grumbling about a fork of NEO calling itself “NEO Super.” The venture launched, seemingly apropos of nothing at all, and boasts only one real project, a wallet service that some community members fear could very likely be an effort to scam NEO users…