SEC Clears Blockstack to Hold First Regulated Token Offering

The Securities and Exchange Commission on Wednesday cleared blockchain startup Blockstack to sell bitcoin-like digital tokens. This is the first-of-its-kind offering that could mark the beginning of a new fundraising model for cryptocurrency businesses. The startup’s $28 million offering was approved by the SEC under Regulation A+. This is an alternative to an initial public...

Turkey Announces Plans for Central Bank Cryptocurrency

In the light of recent economic challenges with the decline of its sovereign currency, Turkey has proposed the formation of blockchain-based central bank currency. The proposal was put forth in the eleventh development plan 2019-2023 submitted to the Turkish Parliament on JULY 8 2019. The eleventh development plan, published on the government’s official website, contains...

UK markets watchdog proposes retail ban on crypto derivatives

Britain’s markets watchdog has come forth and proposed a ban on the sale of derivatives based on crypto-assets to retail consumers due to the prevalence of market abuses. Crypto-assets as they are known include popular crypto currencies like Bitcoin, Ethereum, Litecoin and Monero as well as various utility tokens issued by companies and are tradeable on...

Malta will use Blockchain Technology to Register All Rent Contracts

On Sunday, Joseph Muscat, the Prime Minister of Malta, announced that every rental contract in Malta would soon be registered on the blockchain. The new rules requiring that all property rental contracts be registered on a blockchain are done for security considerations, local news outlet Malta Today reported on June 23. The reformed rental laws...

Unlock Looming – TRON’s $20 Million BuyBack Plan

The TRON Foundation has recently announced an ambitious $20 million TRX buyback, one of the biggest in the industry to date. In a live stream on Twitter, Justin Sun shared more info about the update: “We will conduct by far the largest #TRX buy-back plan with the widest coverage in the secondary market, which will last for...

CFTC Approves LedgerX to Settle Futures in Real Bitcoin

The Commodity Futures Trading Commission (CFTC) has approved has allowedbitcoin derivatives provider LedgerX to offer physically settled bitcoin futures contracts. In an announcement released on Tuesday, the CFTC disclosed that LedgerX requested that its order of registration is amended as aDCO. This will limit LedgerX to clearing swaps, to allow it to clear futures...

France creates G7 cryptocurrency task force following launch of Facebook’s Libra

France’s central bank governor, Francois Villeroy de Galhau, announced plans for the creation of a task force dedicated to cryptocurrencies. The task force, representing the G7 countries, will be lead by European Central Bank board member Benoit Coeure. The purpose of the G7 task force is to study how central banks ensure cryptocurrencies like Facebook's recently launched Libra...

New social responsibility standards for the cannabis industry

Cannabis companies see new standards as key to growth and further development of the fast-growing sector. Newly certification standards  will encourage and validate actions by members of the global cannabis industry. A group of Western weed growers and a non-profit cannabis group are building the first CSR rules to drive standardization, compliance and transparency. The aim of the...