bitcoin news

Major Car Manufacturers Begin Testing Blockchain for Payments with Cars

October 18, 2019
Five of the major vehicle manufacturers have plans in place to being testing a payment system through blockchain in the US. These manufacturers include Ford, General Motors, BMW, Honda and Renault. The project includes digital IDs which are assigned to a vehicle and linked to the owner as well as service history. The ID makes

Chinese Mining Giant Canaan to Go Public in US in November

October 15, 2019
Chinese crypto mining giant Canaan Creative plans to list as a publicly traded company in the United States in November 2019, according to an unconfirmed report. Canaan to issue 1.26 billion shares Canaan Creative, which reportedly filed a $200 million initial public offering (IPO) request with the U.S. regulators in July, will issue 1.26 billion

Coinbase Gets E-Money License In Ireland, Expanding European Foothold

October 15, 2019
Coinbase is expanding its European foothold with an e-money license from the Central Bank of Ireland. “One of just a few companies” On Oct. 11, Zeeshan Feroz, the CEO of the United Kingdom arm of San Francisco-based cryptocurrency exchange Coinbase, announced that the exchange had become “one of just a few companies,” to have received

5 Things to Know About Grams Wallet’s Terms of Use Before GRM Launch

October 14, 2019
Cloud-based instant messaging service Telegram has released the terms of use for its native cryptocurrency wallet Grams Wallet. In the Oct. 8 publication, Telegram said the conditions apply whether as a standalone application or as incorporated into the Telegram Messenger application. Here are five key takeaways: 1. Taxes, regulation In the statement, Telegram emphasized that the Grams

Major Exchanges Urge UK Regulator to Not Restrict Crypto Derivatives

October 14, 2019
The World Federation of Exchanges (WFE), a global trade association of publicly regulated exchanges, has urged the United Kingdom’s Financial Conduct Authority (FCA) not to restrict cryptocurrency derivatives for retail investors. The WFE made a statement on Oct. 7 in response to the financial regulator’s consultation paper on potentially banning on crypto derivatives such as Bitcoin (BTC) futures

Leak of Facebook’s Internal Q&A Sessions Reveal Early Strategy for Libra

October 8, 2019
Newly leaked audio from Q&A sessions between Facebook’s CEO and employees has revealed Facebook’s early strategy for Libra’s launch. On Oct. 1, tech news site The Verge published audio and text from two internal meetings held at Facebook in July. Along with major topics such as Facebook’s potential breakup by regulators, Mark Zuckerberg devoted a

Coinbase, Kraken to Jointly Define Which Cryptos Are Securities: Report

October 8, 2019
Major United States’ crypto firms such as Coinbase and Kraken are teaming up to launch a rating system to jointly define which digital assets are securities. Crypto Ratings Council to launch on Sept. 30 In a move to provide more clarity on which tokens can be traded without the supervision of regulators, the major U.S.-based exchanges have

Caitlin Long: New Wyoming Law Will Protect Privacy of Wallet Keys

October 7, 2019
Caitlin Long, a member of the Wyoming Blockchain Task Force, hinted at two new prospective state laws she believes will be highly popular among cryptocurrency developers and owners. In an interview during Peter McCormack’s podcast on Sept. 27, the 22-year Wall Street veteran and cryptocurrency activist reflected on the pioneering crypto legislation already passed —

Government of Uzbekistan Triple Electricity Taxes for Crypto Miners

October 4, 2019
The government of the Republic of Uzbekistan made an announcement on September 27, 2019 to triple electricity taxes for crypto miners. The measure was approved by the Cabinet of Ministers. The decision was made to triple the taxes on electricity for anyone who was involved in crypto assets, which includes mining. Many people have made

Brazilian Regulator Bans Forex Broker Offering BTC Options

October 1, 2019
The Brazilian Securities Commission (CVM) has banned a forex broker offering Bitcoin (BTC) options, Cointelegraph Brasil reported on Sept. 25. On Sept. 25, CVM published a public warning of irregular action concerning XM Global Limited through the Superintendent of Market and Intermediary (SMI) Relations. In its warning, the CVM states that XM Global Limited is