The Financial Crimes Enforcement Network (FinCEN) appears to be taking steps to eliminate some of the ambiguity surrounding the status of ICOs as money services businesses (MSBs). On March 6, 2018, FinCEN released a letter it sent in February to U.S. Senator Ron Wyden (the “Wyden Letter”). The letter stakes out a policy position that […]
New York State Assembly legislator Ron Kim (D-40) has unveiled a bill that intends to protect cryptocurrency investors and ease the bureaucratic burden on crypto-related businesses. It’s the first comprehensive cryptocurrency bill in New York to make it past studies and commissions and into the hands of the legislative branch. Kim introduced the legislation on […]
The post What are ERC-20 Tokens? A Beginner’s Explanation appeared first on 99 Bitcoins. Initial Coin Offerings (ICOs) have become extremely popular ways to raise funds while avoiding the regulatory restrictions of fiat financing. In 2017, ICOs raised around $6.5 billion. And as of March 2018, they’d already raised $2 billion this year. The majority […]
The city of Kranj, Slovenia has unveiled a statue in the shape of a Bitcoin logo. It sits at the centre of a roundabout in the heart of the city. It was paid for by Slovenian cryptocurrency exchange, BitStamp, and technology company 3fs. Slovenia Leads a Reluctant Europe in BTC Adoption According to Andrej Trček’s […]
Wopke Hoekstra, the Dutch Minister of Finance has notified the Senate and House of his plans to take action regarding the regulation of cryptocurrencies, which he claims are expanding and in need of better regulation. In a public letter, Hoekstra said he intends to work with other European nations on this issue, but he acknowledges […]
Comedian John Oliver rightly warned his audience about the risks of cryptocurrency, but his comparisons to Beanie Babies and gambling missed the mark.
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Thomson Reuters has teamed with MarketPsych Data LLC, a provider of quantitative behavioral economics, to launch a new version of its MarketPsych Indices for cryptocurrencies like bitcoin. The new version offers Thomson Reuters’ first sentiment data feed for bitcoin, along with new and/or enhanced market sentiment data for several asset classes, new user capabilities and […]
Crypto developers are increasingly using a novel method to market coins and encourage mass crypto adoption: “airdropping” cryptocurrencies into people’s wallets. Airdropping is done by developers of newly minted cryptocurrencies who decide to give these new coins — for free — to holders of an existing cryptocurrencies. Just a few weeks ago holders of NEO […]
A central bank-issued digital currency could fuel faster bank runs during periods of financial stability, the BIS said Monday.