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Crypto and ICO are the Focus of Canada’s Investor Education Month

Canada’s Financial and Consumer Services Commission (FCNB) has decided to focus on cryptocurrency and blockchain teaching activities during this year’s Investor Education Month, the body said on Monday at the start of the initiative. Virtual currencies like Bitcoin (BTC) have become very popular investment products, but people barely understand them …

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Chinese Bitcoin Billionaire Li Xiaoli Exits Cryptosphere “For Good”

Chinese Bitcoin billionaire Li Xiaoli is bidding farewell to the crypto industry. Xiaoli is one of the best-known names in the cryptosphere after he founded BitFund, a Beijing-based venture capital investment fund with a focus on cryptocurrency and blockchain projects. The businessman announced his departure from the crypto world in …

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Two Bitcoin (BTC) Solicitors Charged by US CFTC for Fraud

US Commodity Futures Trading Commission (CFTC) has filed a lawsuit against two Bitcoin (BTC) solicitors, Morgan Hunt, and Kim Hecroft, for alleged attempt to steal BTC coins from investors, the Commission said on Friday. Hunt from Texas and Hecroft form Maryland misled public by claiming that they were successful traders …

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Cryptos Fall as U.S. Lawmakers Ask SEC to Clarify ICO Regulation

Investing.com – Cryptocurrencies were lower on Monday, as U.S. Congressmen asked the U.S. Securities and Exchange Commision to clarify the regulatory status of initial coin offerings. In a letter from Friday to Jay Clayton, chairman of the SEC, U.S. lawmakers Warren Davidson (R- OH), Ted Budd (R- NC), Tom Emmer …

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Japanese Cryptocurrency Exchanges Tighten Customer Asset Management Rules

The Japan Virtual Currency Exchange Association (JVCEA), a voluntary self-regulatory organization of cryptocurrency exchanges and trading platforms, is considering ways to protect customer assets in the wake of the most recent hack attack, Japan Times reports. As a rule, cryptocurrency exchanges store the large portion of customers’ assets offline for …

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Cryptocurrency is Inevitable Future of Money, Malta’s PM Muscat Says

Virtual coins are the future of money transmission systems because their underpinning technology, the blockchain, makes these financial instruments more transparent than traditional currencies, Malta’s Prime Minister Joseph Muscat said at the United Nations (UN) on Thursday. Speaking during the 73rd Session of the UN General Assembly at New York, …

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XRP Falls 10.56% In Rout

Investing.com – XRP was trading at $0.55199 by 09:36 (13:36 GMT) on the Investing.com Index on Monday, down 10.56% on the day. It was the largest one-day percentage loss since September 24. The move downwards pushed XRP's market cap down to $22.56B, or 10.16% of the total cryptocurrency market cap. …

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Sterlin Lujan: The Burden Is on Investors to Make the Right Decisions

On September 14, Bitcoin.com ambassador Sterlin Lujan spoke at the NEXT BLOCK conference in Sofia (Bulgaria). He talked about the psychology and evolution of money and how cryptocurrencies can disrupt fiat’s hegemony but also touched on how governments can try to hinder this process. In an exclusive interview for Cryptovest, …

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Tether (USDT) Grappling with Allegations of Noble Bank Insolvency

Noble Bank, the financial institution backing Tether (USDT), has reportedly gone insolvent. The crypto community is still commenting the news with caution, either dismissing it as fear-mongering or seeing the event as potentially having repercussions for the entire crypto ecosystem. The alleged insolvency of the bank was announced by the …

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Spain Remains a Primary Example of Blockchain Optimism on All Levels

On Sept. 17, Europa Press reported on the contract the autonomous community of Aragon, one of the 17 Spanish autonomous communities, signed with Alastria — a blockchain ecosystem of more than 274 entities, including companies and institutions which create blockchain-based tools in line with Spanish and European Union legal frameworks. …

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Crypto Exchanges Used to Launder $89M, ShapeShift’s Anonymity Policy Attracts Criminals, WSJ Investigation Finds

Some $88.6 million have been laundered through 46 cryptocurrency exchanges, a Wall Street Journal (WSJ) investigation has established. According to the report published on Friday, $9 million of the fraudulently obtained funds have been channeled through Switzerland-based digital assets trading platform ShapeShift. The months-long investigation tracked 2,500 suspected blackmail schemes, …

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Arrington XRP Capital Fleeing US in Reaction to Unfriendly SEC

Michael Arrington, a prominent crypto investor and founder of popular online portal TechCrunch, announced that his Arrington XRP Capital hedge fund would stop investing in tokens on US territory and most likely move to Asia until the Securities and Exchange Commission (SEC) clarifies its position and defines the game rules …

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Ripple for Good to Promote Blockchain Education, Financial Inclusion

US-based Ripple, a blockchain-powered digital currency exchange provider, is embarking on a $100 million social impact initiative called Ripple for Good, the company said in a statement. Ripple for Good will support projects that support blockchain education and financial inclusion. Ripple said that at this early stage, it is studying …

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