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By CCN.com: The Marshall Islands has announced that it will be launching an independently monitored cryptocurrency system for use across the country. The fiat-based cryptocurrency will be governed by consensus as well as a board of seven people, three of whom will be elected by the other four who are chosen. No More USD? Marshall […]
By CCN.com: Although its volume is excluded, BitMAX reported over $2.5 billion in trades between Paxos Standard and USDT in the 24 hours at the time of writing. One Exchange Reports over 10x Market Cap Traded This is an absurd amount of money changing hands, with some entering USDT and others leaving it. By comparison, […]
By CCN.com: The “crypto” startup Longfin Corp. got spanked by both the SEC and the DOJ for fraud amid a broader regulatory crackdown on bitcoin and the digital currency industry. Specifically, Longfin’s CEO, Venkata Meenavalli, is accused of inflating the company’s revenue by $66 million in order to fraudulently secure a listing on the Nasdaq […]
By CCN.com: Facebook is further along with its cryptocurrency than it has let on. It turns out the digital currency is much closer to its debut than expected. The social media behemoth plans to debut its new stablecoin, seemingly GlobalCoin which will reportedly be backed by a basket of fiat currencies, this month, according to […]
By CCN.com: Bittrex International now officially joins the IEO race with an announcement that it will be hosting the initial offering of something called Standard Tokenization Protocol, or STP. Initial Exchange Offerings (IEOs) are fundraising events similar to an ICO but they are administered by an exchange. STP Looks to Tokenize Any Asset, Blockchain All […]