The USA Commodities Futures Trading Commission has won a case against a cryptocurrency firm CabbageTech Corp., which will result in a permanent ban of the operator. The firm was called a bald and vicious fraud, and it has been proven in the district court. Patrick McDonnell, a cryptocurrency promoter and CabbageGroup operator was charged as
Binance LCX is launching a fiat-to-crypto exchange in Liechtenstein. The company, which is a joint venture of Binance and Liechtenstein Cryptoassets Exchange, has already announced the launch of the new platform, as official sourced report. The platform, located in Liechtenstein, will be providing the exchange services between the Swiss Francs and Euros against major cryptocurrencies.
The Jamaica Stock Exchange has chosen a Canadian Fintech Firm Blockstation for collaboration. Within the collaboration terms, both companies will work on the facilitation of introduction of trading with currencies and tokens. Upon the process of project implementation, the JSE will provide different kind of services in trading with cryptocurrencies and tokens, as well as
Nicolas Maduro, the President of Venezuela, came with one more innovation. Just a couple of months ago, the country came to the great idea to introduce the own cryptocurrency backed up by oil. It was meant to put the end of the crisis and to get the country out of the economic and financial hole.
Kenneth A.Blanco, the director of FinCEN (Financial Crimes Enforcement Network)has shared, that the agency has recently faced with an increased number of crypto-related suspicious activity reports. The number of claims now exceeds 1,500 per month. Mr. A.Blanco highlighted, that the main role of FinCEN is law enforcement for the emerging cryptocurrency market in order to
Bicton mania and cryptocurrency mania are two of the main six factors that threaten the financial stability in 2018, – this is what Goldman Sachs believes. Bitcoin and cryptomania will, based on the opinion of the Goldman Sachs investment group, affect the market outlook for 2018 enormously, if not change it completely. Other factors include
South Korean authorities are busy now with the investigation of a possible scam, dealing with cryptocurrency investing. the scam is involving the Seoul based Shinil Group and promises something incredible. Shinil Group has announced earlier this month, that it has found Dmitrii Donskoi, a Russian ship that sank more than a century ago. The company
PwC Switzerland executive has told, that they believe, that for now, from all digital assets only cryptocurrency can be used appropriately. Roland Stadler, Senior Manager and Data & Analytics Specialist at PwC Switzerland, shared on his post, that all digital assets seem to be similar at the first look. And he makes a difference between