Press Releases

SEC Adopts Rules to Modernize Property Disclosures Required for Mining Registrants

The Securities and Exchange Commission today announced that it has voted to adopt amendments to modernize the property disclosure requirements for mining registrants, and related guidance, under the Securities Act of 1933 and the Securities Exchange Act of 1934.  The amendments will provide investors with a more comprehensive understanding of a registrant’s mining properties, which should help them make more ...

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Porsche plans to make investments in the Blockchain and AI industry

Porsche, will increase in its investments in startups with a focus on Blockchain and Artificial Intelligence (AI) by around $176 million over the next 5 years, according to a company press release published September 25. According to the press release, the automobile company says that the objective of this Investment is to gain access to trends, new technologies and business ...

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Central Bank Of The Bahamas Is Introducing a Native Cryptocurrency

The government of Bahamas has announced the development of a native cryptocurrency. This is according to Deputy Prime Minister and Minister of Finance, K Peter Turnquest who made the announced earlier this week during The Bahamas Blockhain and Cryptocurrency Conference. “The production of a modern fully digital payment service is the way forward for this era of governance. A digital ...

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European Securities and Markets Authority, has issued EU Regulator ESMA Cryptocurrency Risks Warning for investors

The European Supervisory Authorities (ESAs) for securities (ESMA), banking (EBA) and insurance and pensions (EIOPA) have made an announcement for consumers regarding the risks of buying cryptocurrencies.   The ESAs are concerned that an increasing number of consumers are buying VCs unaware of the risks involved. VCs such as Bitcoin, are subject to extreme price volatility and have shown clear ...

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Banco Santander Prepares to Roll Out Personal Payments via Ripple Network

Banco Santander has set a Q1 2018 launch date for the introduction of same day mobile international payments for personal customers using Ripple's distributed ledger technology. A spokesperson for the bank noted: “We plan to launch this in the coming months, and we can confirm in the registry that we plan to use xCurrent in the project. We expect to ...

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Singapore Will not Ban Cryptocurrencies

Singapore Will not Ban Cryptocurrencies, according to the latest commentary of Tharman Shanmugaratnan, the deputy prime minister and minister in charge of regulatory body the Monetary Authority of Singapore (MAS). “Cryptocurrencies are an experiment. The number and different forms of cryptocurrencies is growing internationally. It is too early to say if they will succeed,” Shanmugaratnam said. “If some do succeed, their full implications ...

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Bitcoin continues sinking down – $6000 is within reach

Cryptocurrencies are diving again on Tuesday, extending a slump that began in earnest at the start of January. Bitcoin briefly fell below $6,000 at around 8.00 a.m. GMT (3.00 a.m. ET) for the first time since mid-November. Hussein Sayed, chief market strategist at FXTM, said on Tuesday morning:  "The most famous digital currency has fallen 69% from December’s record high, and ...

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BitConnect Platform Shuts Down Following Regulatory Warnings

BitConnect, the lending and exchange platform that was long suspected by many in the crypto community of being a Ponzi scheme, has announced it's shutting down.  The company, will close in 5 days according to their announced on its website published on Tuesday. “In short, we are closing lending service and exchange service while BitConnect.co website will operate for wallet ...

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Kodak is joining the cryptocraze with ‘KodakCoin’

Kodak the iconic photography company which first established in the 1880s has joined the blockchain and ICO age to create a new platform for digital photography with its own digital currency, called KodakCoin. The company announced a new partnership with WENN Digital for a blockchain-based platform that will aim to protect photos and images, along with artists and photographers.  “The image ...

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Former Company Insider Earns More Than $4.1 Million for Whistleblower Tip

The Securities and Exchange Commission announced an award of more than $4.1 million to a former company insider who alerted the agency to a widespread, multi-year securities law violation and continued to provide important information and assistance throughout the SEC’s investigation.  The whistleblower is the third awarded by the SEC in the past week.‚Äč   “Company insiders often have valuable information that ...

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