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Class Action Accuses Tether and Bitfinex of Market Manipulation

A New York-based legal firm has filed a lawsuit against Tether and Bitfinex, accusing them of cryptocurrency market manipulation.“Largest Bubble In History”Roche Freedman filed a class-action suit alleging that the stablecoin firm and affiliated crypto exchange have been involved in defrauding investors, manipulating markets and concealing illicit proceeds, the firm’s founding partner Kyle Roche tweeted […]

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XRP is a Security, According to US Cryptocurrency Exchanges

XRP is almost a security, according to a council created by US’s biggest cryptocurrency exchanges.Crypto Ratings Council (CRC) awarded XRP a four on the scale of five – the highest value indicating that an asset is a security. It noted that Ripple, a San Francisco-based blockchain remittance company, sold XRP tokens or token interests before […]

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Taxation May Have Negative Effects on Cryptocurrency

With all the glitz on crypto these days, from telecommunications, finance houses, sports to the media, more than ever before, the spotlight is on crypto, but one wonders why crypto hasn’t grown larger than it is now, the simple answer is taxation.Breaking the IceIn the last few years, it would have been unimaginable to think […]

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Mastercard’s New Cryptocurrency Division: Why It’s Important

Mastercard (NYSE: MA) is already a partner with Facebook (NASDAQ: FB) on its Libra cryptocurrency project, but it seems like the payments giant has even greater ambitions. In this segment from Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss what Mastercard could have in mind.To catch full episodes of all […]

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BitPay Says Crypto Spending on Real Estate to Double in 2019

A luxury condominium complex in Orlando, Florida, is the latest firm to partner with BitPay to provide bitcoin payment processing for real estate transactions.Announced August 6, the Grove Resort & Water Park will accept bitcoin for purchases of their 878 resort-style condo residences. Yet, the relatively small update hides a larger story – BitPay is […]

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SEC Is Bringing ‘Thor’s Hammer’ Against Ripple, Warns Tone Vays

Ripple is coming under fire from a serial Bitcoin (BTC) proponent this week after news emerged a lawsuit against the company has intensified.Ripple will feel U.S. regulators’ wrath, says VaysRipple, which notionally controls the token known as XRP, is currently being taken to court by an investor, Bradley Sostack, who claims the company engaged in […]

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Blockchain Firm Settles With SEC Over Unregistered $6.3 Million SAFT

A healthcare-focused blockchain firm has settled charges with the U.S. Securities and Exchange Commission (SEC) over its 2017 ICO.The SEC said on Monday that New England-based SimplyVital Health, Inc. raised around $6.3 million in ether (ETH) via a pre-sale of its HLTH tokens to fund a touted “healthcare-related blockchain ecosystem” called Health Nexus.The pre-sale was […]

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House Democrat: Facebook Cryptocurrency Could Be More Dangerous Than Osama bin Laden

Rep. Brad Sherman (D-Calif.) on Wednesday argued that Facebook’s new cryptocurrency project could be a greater threat to Americans than Osama bin Laden.Speaking during a House hearing on the digital currency, Sherman said Facebook CEO Mark Zuckerberg should testify before Congress about his company’s plans.”We’re told by some that innovation is always good,” Sherman said. […]

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