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New York Grants Bitlicense to Institutional Crypto Exchange Seed CX

The New York Department of Financial Services (NYDFS) has granted virtual currency licenses to two subsidiaries of crypto derivatives provider Seed CX. NYDFS Superintendent Linda Lacewell announced Monday that Seed Digital CommoditiesRead More...
By : CryptoForEveryone | Jul 15, 2019
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UK Royal Mint to Provide Custody for New Cryptocurrency

Royal Mint, a government-owned manufacturer of coins in the United Kingdom, will provide crypto custodial services for the first time ever, according to a press release shared with Cointelegraph on July 15.Read More...
By : CryptoForEveryone | Jul 15, 2019
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Major Korean Firms Partner to Launch Blockchain Mobile ID System

A consortium of major South Korean firms partnered to launch a blockchain-based mobile identification system in 2020, English-language local media Korea Times reports on July 14. Per the report, the participants areRead More...
By : CryptoForEveryone | Jul 14, 2019
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Police Bust Chinese Bitcoin Mining Farm After Surge in Power Usage

Police in eastern China busted a bitcoin mining operation following a surge in local electricity usage, according to a wire report from Agence France-Press. The police, who confiscated 4,000 “mining devices,” allegeRead More...
By : CryptoForEveryone | Jul 14, 2019
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Drafted “Keep Big Tech out of Finance” Act Surfaces Days Before Libra Hearings

A drafted bill entitled “Keep Big Tech out of Finance” has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee. The document’s metadata dates it JulyRead More...
By : CryptoForEveryone | Jul 14, 2019
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Real Estate Registry on Blockchain: Promise Land or Wishful Thinking?

Why have blockchain pilots in real estate abated somewhat? Those projects bump up against the fundamental inconsistency of blockchain and existing state system, and it seems they cannot confessed to this. First,Read More...
By : CryptoForEveryone | Jul 13, 2019
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Crypto Prediction Market and Derivatives Platform Veil Is Closing

Veil, the crypto-focused prediction market and derivatives platform, is closing its doors. Launched in January, the Veil web interface allowed users to place bets on Augur prediction markets, offering an instant settlementRead More...
By : CryptoForEveryone | Jul 12, 2019
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Co-Founder of Now-Defunct BitFunder Gets 14 Months Imprisonment

The operator of now-defunct Bitcoin (BTC) exchange BitFunder, Jon Montroll, has received a 14 months prison sentence following federal charges of obstruction of justice and securities fraud, finance and trading industry newsRead More...
By : CryptoForEveryone | Jul 12, 2019
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CEO of BitFunder Exchange Gets 14 Months in Prison for Fraud, Obstruction

Jon Montrol, the operator of defunct bitcoin-denominated trading platform BitFunder and WeExchange deposit service, was sentenced for securities fraud and obstruction of justice, according to a statement from the Southern District ofRead More...
By : CryptoForEveryone | Jul 12, 2019
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IRS Confirms It Trained Staff on Finding Crypto Wallets

The U.S. Internal Revenue Service (IRS) may consider subpoenaing major tech companies like Apple, Google and Microsoft in search of taxpayers’ unreported cryptocurrency holdings. That’s according to a slide deck presentation fromRead More...
By : CryptoForEveryone | Jul 12, 2019
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