5 Highlights from Bitcoin-Bashing NYU Economist’s Senate Testimony

nouriel roubini bitcoinThis morning, the U.S. Senate Committee on Banking, Housing, and Urban Affairs is holding a hearing on cryptocurrency and blockchain technology, featuring testimony from New York University economist Nouriel Roubini. Roubini, as CCN reported, has been bashing bitcoin since before most of the mainstream public had become familiar with the terms “cryptocurrency” and “blockchain,” and

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EU Watchdog Will Evaluate ‘Every’ ICO for Potential Regulatory Push

european union eu cryptocurrency ico regulationThe European Securities and Markets Authority (ESMA) is assessing every single ICO operating within its jurisdiction, Reuters reported on Oct. 8. ESMA chair Steven Maijoor — who warned crypto investors in Jan. 2018 that they could potentially lose all of their funds by investing in initial coin offerings (ICOs) — said that he had been observing the current regulations

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Regulation for Legitimacy: South Korea Nears ICO Legalization

Min Byung-Doo, a member of the country’s governing Democratic party and the chairman of Korea’s National Policy Committee, has strongly encouraged the government to legalize initial coin offering (ICO) and impose better crypto-related regulatory frameworks to legitimize the local market. “Regulation is not bad. Regulation is necessary, it is the only way to legitimize the

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How to Write an STO White Paper: A Step-by-Step Guide (Part I)

The cryptocommunity’s collectively rising interest in STOs is leading to an increasing demand for STO white paper writers. Due to the similarities with securities offerings, STO white papers must follow certain guidelines to stay on the right side of the law. While there are multiple ways of checking all the boxes, the following guidelines are

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Tezos Surges 50% in a Week Ahead of Scheduled Mainnet Launch on Monday

Tezos, the eighth largest initial coin offering (ICO) in history, is launching its mainnet on Monday. Ahead of its mainnet launch, the price of XTZ, the native token of the Tezos network, surged by more than 50 percent. Since September 9, XTZ has increased by over 52 percent from $1.15 to $1.75, prior to its

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One of the World’s Wealthiest Football Clubs is Launching a Cryptocurrency

French soccer giant Paris Saint-Germain football club (PSG) will launch its own cryptocurrency with a token offering  that aims to incentivize its supporters over a blockchain. The development sees a new partnership between top French Ligue 1 club, Paris Saint Germain (PSG) and blockchain company Socios.com which is based in Malta. The partnership is based

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SEC Smacks ICO Fraudster with $30,000 Fine, Lifetime Trading Ban

The U.S. Securities and Exchange Commission (SEC) has issued an officer and director bar, a penny stock bar, and a penalty of $30,000 to a fraudulent ICO founder today. According to the official press release, David T. Laurance was previously found guilty for taking part in deceitful security offerings. Laurance’s LinkedIn profile shows that he is the president

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Did ICOs Cause Ethereum to Drop by 44% in 2 Weeks by Dumping on the Market?

Within a period of two weeks, from August 1 to August 14, the price of Ether, the native cryptocurrency of the Ethereum network, dropped by 44 percent. In 14 days, the price of Ethereum plummeted from $470 to $260, reaching its lowest point in 2018 by falling below the $300 mark for the first time

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ICOs Raised $8.3 Billion Last Quarter, but Most of them Were Abject Failures

Over half of all initial coin offering (ICO) projects failed to complete their crowdfunding in the second quarter of 2018, revealed cryptocurrency data firm ICORating in its latest report. ICOs Raised a Record $8.3 Billion in Q2, But Most Missed Their Targets The independent ICO analysis portal found that 55% of the ICOs failed in

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Crypto Downtrend Continues With Bitcoin at $7,680 in Weak Recovery Attempt

On August 1, the valuation of the crypto market fell to $270 billion as the price of Bitcoin declined by more than 7 percent from $8,300 to $7,500. Low Volume Over the past 24 hours, Bitcoin and other major digital assets have slightly rebounded, adding $3 billion to the valuation of the crypto market. However,

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