U.S. Asks Indian Authorities to Seize Property of BitConnect Promoters

News of cryptocurrency investment fraud has hit the community again, as authorities of two U.S. states, Illinois and Arizona, have asked the Criminal Investigation Department (CID) in India to seize the property of several BitConnect promoters, per reports from the Times of India. BitConnect was an open-source cryptocurrency and an investment program accused of running …

Vitalik Buterin Clarifies ‘1000x’ Market Growth Comment, Mocks Backlash and Justin Sun

Vitalik Buterin’s comments that the days of seeing 1000x growth in the crypto space were met with a significant amount of community backlash, no doubt much of it from those who invested heavily at the wrong time and are eager to see the market take off once again. Throughout article comment sections and Twitter threads, the …

IMF Doesn’t Like Marshall Islands’ Plan for (Non-USD) State Cryptocurrency

The International Monetary Fund (IMF) has expressed misgivings about the plan to offer a national cryptocurrency by the Marshall Islands, saying that this would “increase macroeconomic and financial integrity risks, and elevate the risk of losing the last U.S. dollar correspondent banking relationship.” In February, CCN reported that the parliament of the Republic of Marshall …

Bitcoin Not Useful for Terrorists, Expert Tells US Congress

Despite scattered reports and fears about crypto’s potential use in facilitating terror activities, multiple bitcoin fundraising attempts have failed and cash remains substantially more useful to terrorists. This was the message delivered by Yaya Fanusie, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance in a prepared testimony delivered …

Cryptocurrencies ‘Here to Stay, Market Growing despite Recent Turbulence’: EU Watchdog Chief

Following the meeting of the EU Economic and Financial Affairs Council (ECOFIN) in Vienna, Austria on September 7, European Commission Vice-President Vladis Dombrovskis has stated that the Council’s position on cryptocurrencies is that they are here to stay despite market turbulence. CCN earlier reported that the 28 EU finance ministers would meet for an informal …

Coinbase Joins Race For A Crypto ETF, Seeks Help From BlackRock

Coinbase has thrown its hat in the ring to launch a cryptocurrency exchange-traded fund (ETF) and has approached BlackRock for help, according to unnamed sources interviewed by Business Insider. BlackRock, which manages $6 trillion in assets, has pioneered ETFs and has a blockchain working group. Coinbase, which announced a cryptocurrency index fund for accredited investors …

WNBA Players Association Inks Deal With Sports Streaming ICO

Following a landmark deal with the NFL announced in August, live streaming platform SportsCastr has announced a parnership with the Women’s National Basketball Players Association (WNBPA) to power live, interactive video content for fans. WNBA Players Association Inks Deal with ICO Through a partnership with REP Worldwide, the WNBPA’s group licensing and player-marketing representation agency, …

Uzbekistan Opens Doors for Cryptocurrency Exchanges with Tax Benefits

In efforts to boost its market-based economy, the government of Uzbekistan has decided to take initiatives favorable to the growing cryptocurrency industry. Uzbekistan Goes Fishing for Bitcoin Exchanges The former Soviet nation confirmed that it is legalizing cryptocurrency exchanges and will allow blockchain companies to set up their offices in the state. The legalization came …

Australian Startup to Enable Users Invest in Crypto with Spare Change

An Australian fintech startup based in Perth is giving users the opportunity to invest in crypto without going out of their way, using spare change from their electronic transactions to carry out micro-investments in crypto portfolios. Through its app, Bamboo says that it will improve access to investment opportunities and enhance user understanding of the …