John Montroll, founder of the BitFunder “stock” Bitcoin exchange and the WeExchange platform, was sentenced to 14 months in prison in the Southern District of New York, CoinDesk reports. Law enforcement agencies in the United States detained 37-year-old John Montroll and charged him with fraud, as well as setting up an exchange without a corresponding license in February 2018. As the investigation established, in July 2013, John Montroll with […]
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International payment systems Visa and MasterCard may stop working on the territory of the Russian Federation if the State Duma approves amendments to the law “On the National Payment System”, which will be considered at the end of this month, Kommersant reports. APDATE: The Bank of Russia said that the adoption of the amendments does not threaten the work of international payment systems in the Russian Federation. Visa representatives said that they would continue to provide uninterrupted […]
Venture firm IDEO CoLab has launched a business accelerator for entrepreneurs and startups in the blockchain industry Startup Studio. The initiative has already been supported by the investment company Fidelity Investments, consulting giant Deloitte, Amazon and 20 other organizations. It was a start-up studio that […]
Large venture capital firms Multicoin Capital and Coinbase Ventures made two joint investments in start-ups NEAR and Textile. A Series A round of financing for NEAR was led by Metastable and Accomplice. Other participants include Pantera Capital, ACapital and Xpring from Ripple, as well as well-known business angels Nawal Ravikant, Andrew Keyes and Balaji Srinivasan. In total, the startup managed […]
On August 8, the International Blockchain Baikal Summit will take place in Irkutsk, where more than 20 leading experts representing blockchain-making market leaders will speak. The program of the event includes discussion panels and master classes, during which the current situation in the blockchain market, development priorities and successful business cases will be discussed. Each year, the summit attracts many key people of the cryptocurrency and blockchain industry – for example, […]
The cryptocurrency exchange Poloniex, operated by Circle, added seven trading pairs with stablecoins of USDC and USDT. Introducing 7 new USD Coin and Tether pairs on Poloniex! $ USDC pairs: EOS / USDC, DASH / USDC, ETC / USDC $ USDT pairs: BCHSV / USDT, BCHABC / USDT, GRIN / USDT, DGB / USDT $ EOS – $ DASH – $ ETC – $ BSV – $ BCH – $ GRIN – $ DGB https://t.co/0i8eBWrBr1 – Poloniex Exchange […]
Former head of the Chinese company Bitmain Cihan Wu, together with some ex-employees of the mining giant, has launched a new platform for over-the-counter trading, lending and storage of digital assets. It is reported by Bloomberg. So, according to the CEO of the site called Matrixport Ge Yueshena, she began her work this Monday, July 8. He also reported that the idea of her […]
With the adoption of bills for the development of the digital economy in the Russian Federation, everything is going "not so smooth." This was announced by State Duma Speaker Vyacheslav Volodin during parliamentary hearings on this issue. Thus, the deputies have so far adopted only one of the 20 necessary bills for the development of the digital economy. The remaining 19 initiatives have not yet been submitted to the State Duma. “This topic is not […]
The Singapore Tax Administration (IRAS) has published a guide in which it proposed to abolish VAT on operations for the exchange of cryptocurrencies for fiat funds. Now the changes must be approved at the legislative level. Draft E-Tax Guide _GST_Digital Payment Tokens by ForkLog on Scribd The IRAS defined the following characteristics of digital payment tokens: interchangeable; not tied to existing currencies and not denominated in […]
The deputy head of the Bank of Japan, Masayoshi Amamiya, ruled out the likelihood of issuing a national digital currency, Reuters reported. According to the official, the issuance of such a means of payment would mean a waiver of fiat money. “Liquidation of cash will make the payment infrastructure inconvenient for the population, so the central bank will not take this step,” he stressed. In addition, Amamiya is concerned that the release of the digital yen will lead to the establishment of […]