Headlines for the world of Cryptocurrencies - April 04, 2018
Skype Powered Over-The-Counter Market Flourishes
OTC trading firms are flourishing and are using Skype as their main means of communication in doing its daily trading activities.
They usually cater to wealthy investors, bitcoin miners, payment processors and hedge funds that do not feel comfortable stacking their cryptocurrencies and fiat in digital exchanges in light of recent high-profile hacks.
Although OTC firms handles multimillion dollars in trades daily they carry a certain amount of risk to its participants, as trades are not reported and are not audited independently, running the risk of unwittingly helping money launderers move illegal funds.
International Law Firm MorrisonCohen Launches “MoCo Cryptocurrency Litigation Tracker”
MorrisonCohen , a New York based international law firm has launch Moco Cryptocurrency Litigation Tracker which monitors law suits filed around the crypto space.
The list consists of parties involved, filling dates, court jurisdictions, docket numbers, litigation topic and rulings.
Significant amount of effort was made to ensure that information presented in the list are accurate and derived from reliable sources.
That being said information on its pages should be for informational purposes only and should not be interpreted as conclusive fact.
Wyoming Shaping Up As America's "Crypto Valley"
The legislatures of Wyoming amended their laws to define Gold and Silver as a medium of exchange for payments of taxes and debts.
Called the "Wyoming Legal Tender Act" the lawmakers in the state effectively classified Gold and Silver as "Legal tenders" that has the same function as the US dollars. The new law takes effect July 1. 2018.
Aside from the Wyoming's challenge to the Federal Reserve's monopoly on money it has become the first American State that defined cryptocurrency as a new form of asset under its "Utility Token Bill."
The positive stance of Wyoming to cryptocurrencies encouraged several upstart small companies to start business in the state, taking advantage of the crypto-friendly environment making it a prime candidate to be America’s “Crypto Valley.”
Two Of America’s Largest Health Insurance Providers To Use Blockchain To Improve Its Services
UnitedHealth Group and Humana, two of the largest competing companies in health insurance as well as other industry players in America are said to pursue developing a Blockchain Pilot.
They plan to leverage Blockchain technology to cut cost in yearly spending in data reconciliation.
Annual spending on such activity is estimated to be around $2.1 B USD.
Cryptocurrency Ad Restrictions Spur A Whole New Marketing Industry And Global Scale Coalition
The banning of cryptocurrency ads by Facebook, Google and Twitter has prompted Crypto related businesses to seek advertising and marketing activities elsewhere.
More and more companies are turning to India for alternative and cheaper marketing solutions.
Similar trends are seen in China as all Initial Coin Offerings had been totally banned by the authorities in the country.
Direct Messaging Apps like Telegram and Wechat are some of the tools being utilized in these countries as alternative marketing tools to reach potential investors and customers.
In effect to this hostile treatment of traditional internet social and marketing outlets crypto associations from different countries agreed to form coalitions such as the Eurasian Blockchain Association that will protect the interest of cryptocurrency community worldwide.
Headlines for the world of Cryptocurrencies - April 03, 2018Huobi Research Survey Shows Most Cryptocurrency Investors Still Bullish /Online Brokerage Robinhood Launches Commission-Free Trading In Four US States / Seoul, South Korea Is Planning To Develop Its Own Cryptocurrency |
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Headlines for the world of Cryptocurrencies - April 02, 2018Vitalik Buterin Proposes 120 Million Cap For Ethereum / TD Bank Considers Using A Public Blockchain To Track Assets / A Country In The Caribbean To Set Up A Cryptocurrency Exchange |
Headlines for the world of Cryptocurrencies - April 01, 2018Huobi Korea Has Officially Launched With 100 Cryptocurrencies / Bittrex Indroduces A Tether To TrueUSD Trading Pair / Russian Bank To Test Crypto Transactions In Switzerland |
the discussion of crypto money is getting warmer in all countries and they want to legalize it
Right! There's constant growth in crypto adoption. Hope we could also see the same trend in the current markets. :)
Hope crypto trend will soon be up.
Very informative post about cryptos.
hello @ cryptowarrior88. cool post. as I analyze from your post in various countries now again the trend discussed crypto money and getting warm discussed and hopefully crypto money in legal. success always make @ cryptowarrior88
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