The Southern District Court of New York, which is now responsible for the SEC case against Telegram, adjourned the hearing to February 2020. The trial of Durov is postponed to next year Earlier, the court ordered a hearing in the current case on October 24, but a fresh order speaks of a different time frame: the first hearing should only take place on February 18 of the next year. In other words, we have to wait four whole months before the problem with American regulators begins to be resolved. The court order also states that up to this time Telegram…
Author: BlockchainJournal
A memorandum was signed in the Verkhovna Rada of Ukraine, designed to give the green light to blockchain technologies in the country. It is alleged that the legislative, executive branches of government and business for the first time were able to come to a "clear consensus." The document was concluded between the Verkhovna Rada Committee on Digital Transformation, the Ministry of Digital Transformation, the Blockchain4Ukraine inter-factional parliamentary association, the Office of Effective Regulation (BRDO), a number of profile associations, for example, the Blockchain Ukraine Association […]
Large economies seem to be about to tighten their grip on money. The largest G7 advanced economies have instructed their members to compete with cryptocurrencies and stablecoins , improving the existing financial system and considering the possibility of issuing digital fiat. In the detailed report of the G7 stablecoins Working Group, it is recommended that “central banks, individually and collectively, evaluate the relevance of issuing digital currencies controlled by themselves, taking into account the costs and benefits in the respective jurisdictions”. The report is entitled “Research on the impact of global stablecoins,” concluding that globally successful stablecoins can “create problems…
Bittrex International, a division of the US Bittrex crypto exchange based in Malta, will no longer provide access to its Venezuelan platform and 30 other countries. The Exchange informed each user of their intentions personally via e-mail, the message states that the account will be blocked and, in fact, access to trade will occur on October 29th. Representatives of the company recommended users to withdraw all their funds before this date. According to the statement, the residents of Venezuela will lose access to the crypto exchange – it is not known, however, for what reason the platform is closing for…
Telegram representatives called on investors in the Telegram Open Network (TON) project to have a positive view of postponing litigation with the U.S. Securities and Exchange Commission (SEC), as this would provide the best possible support for their position. This is reported by the Cointelegraph. Earlier it became known that a New York court adjourned the SEC case against Telegram Group Inc. and TON […]
Despite the depreciation of Bitcoin (BTC) below $ 8,000, this coin is still one of the safest assets. Given the worsening situation in the global economy, the demand for such assets will strengthen. Now central banks are pumping the financial systems of their states with capital and introducing negative rates in order to force investors not to store money, but to invest it in production. Recently, the US Federal Reserve and the People's Bank of China poured additional funds into the financial sector of their countries. $ 17 trillion dollars are currently held in negative interest bonds. 17 trillion reasons…
In the Russian segment of the Internet, a fake version of the popular Tor browser has started. Users who want anonymity and access to prohibited resources become victims of scammers and lose bitcoins . Fake Tor hunts for your bitcoins A fake program was discovered by ESET, a company specializing in cybersecurity. According to preliminary data, through fake Tor, they have already managed to steal bitcoins by more than $ 40,000. The principle of operation is as follows: a person downloads a fake version of the browser from unidentified sources, after which it redirects to a new page. There it…
In the third quarter of this year, Ripple received revenue of $ 66.2 million – that is 73% less than in the previous quarter when it was possible to raise $ 251.5 million. Today, the Ripple team presented a quarterly report stating that it wants to voluntarily maintain an appropriate level of transparency regarding its activities. The blockchain project called on other participants in the crypto industry to follow its example, as this will help build confidence and ensure open interaction. The company notes that the fall is due to a change in the project action plan, which were identified…
According to the Deputy Minister of Finance of the Russian Federation Sergey Storchak, the G20 countries will soon publish two joint statements on the need to introduce regulation of the crypto industry and taxation of this industry. These documents will be published by the heads of central banks and financial departments at the conference of the World Bank and the International Monetary Fund, which opened in Washington. Storchak said : “There will be two statements – on cryptocurrencies and on cooperation in the field of taxation in the digital economy.” The official noted that the G20 countries want to quickly…
The G20 said that stablecoins threaten the global monetary system and financial stability, and asked the IMF to assess the risks associated with them, reports Reuters. G20 countries will develop stablecoins based on recommendations from the Financial Stability Board (SPS) and the Anti-Money Laundering Development Group (FATF), which will provide relevant conclusions in 2020. “Until […]