Author: Editorial Team

SEC Investigation of Overstock Crypto Exchange Grows; Stocks Decline

Stock shares for online retailer Overstock.com have fallen by roughly 30 percent this year. Its subsidiary, tZero, recently announced plans to open a new digital currency exchange, but these plans have attracted some unwanted attention, and an investigation by the Securities and Exchange Commission (SEC) into the blockchain firm is currently underway. Ongoing Financial Flops Just last Tuesday, shares in Overstock fell by approximately ten percent, taking its struggles to new levels. The company recently explained that it would be releasing four million new shares for investors to purchase, and that they would be offered through an “underwritten public...

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Russian, Chinese, Korean Associations to Sue Internet Giants Over Banned Crypto Ads

Cryptocurrency and blockchain associations from Russia, China and South Korea plan to file a class action against internet corporations banning crypto ads. The lawsuit will challenge restrictions imposed by Facebook, Google, Twitter and Yandex. An agreement to take the matter to court in the US has been reached at a crypto conference in Moscow. Cartel Collusion and Abuse of Power The lawsuit will be filed in a US jurisdiction in May by the newly founded Eurasian Blockchain Association (EBA). Representatives of the Russian Cryptocurrency and Blockchain Association (RACIB), the Korea Venture Business Association (KOVA) and the Chinese Association of...

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Twitter Confirms Restrictions on ICOs and Cryptocurrency Token Sale Ads

Twitter has confirmed the reports from earlier this month that it will ban ads for Initial Coin Offerings (ICOs) all around the world. From now on any project that is conducting a token sale will only be allowed to run ads on the social network if it can prove it is legally regulated in the targeted country. Wallets and exchanges will also have a high bar to cross. Twitter Restrictions Social networking service Twitter (NYSE:TWTR) has updated its Restricted Content Policies regarding the promotion of financial services and related content to include restrictions on “Cryptocurrency ICOs” and “Cryptocurrency token...

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Germany’s Tourism Board Accepts Bitcoin Payments

The German National Tourism Board has announced that it accepts cryptocurrencies such as bitcoin for its services. The organization promotes German travel destinations with offices in 32 countries around the world. GNTB also intends to implement blockchain technologies in its finances. “We want to be a global innovation driver in the tourism industry,” its chairperson recently stated.   Accepting Bitcoin to Drive Innovation Services offered by the German National Tourism Board (GNTB) can now be paid in cryptocurrency. The organization which promotes Germany as a travel destination accepts bitcoin payments from March this year, according to a press release. It...

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Coinbase to Support ERC20 Technical Standards “In the Coming Months”

One of the world’s most popular cryptocurrency vendors, Coinbase Inc., is planning on adding Ethereum-based tokens to its milieu of crypto assets. The company made its plans public in a blog post today, March 26, 2018, indicating that it will integrate the ERC20 technical standards into all of its platforms. “We’re excited to announce our intention to support the Ethereum ERC20 technical standard for Coinbase in the coming months. This paves the way for supporting ERC20 assets across Coinbase products in the future,” the blog post reads. The post continues to say that the company will not disclose “support...

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