SEC Approves Overstock Plan To Issue Stocks Via The Blockchain

The Securities and Exchange Commission (SEC) has approved Overstock.com’s plan to issue company stock via a blockchain-based technology, according to Wired. Overstock has already used the block chain to issue private bonds, which do not require regulatory approval. The SEC has approved an amended Form S-3 which would enable the company to issue securities using block-chain-based technology. Patrick Byrne, CEO of Overstock, was to announce the news at a San Francisco, Calif. bitcoin conference Tuesday evening. Byrne told Wired the date of issuing a public security on the blockchain is …

Beware Trumponomics, Warns Financial Advisory Giant

Donald Trump is wrapping up misguided policies that will potentially threaten the U.S. and global economy with sensible supply side reforms, warns the boss of one of the world’s largest independent financial advisory organizations. The comments from Nigel Green, founder and chief executive of deVere Group, come as the outspoken billionaire frontrunner prepares for the latest Republican presidential candidate this evening. Mr Green observes: Trump is a Big Picture guy – and he has the soaring rhetoric to go with it.  But the details of his economic plans …

Bitcoin Price Still Advancing On The Eve Of Rates Hike

Bitcoin price action is awkward due to hesitancy and frequent profit taking. Yet, price has continued pushing higher all day and we look at the prospects going into tomorrow’s Fed Rate announcement. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h30 UTC BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: The bitcoin price chart looks to be pushing …

Department of Homeland Security Wants Blockchain Applications

Through a predominant public-private partnership program called Small Business Innovation Research (SBIR), the U.S. Department of Homeland Security (DHS) is looking to understand bitcoin’s underlying technology, the blockchain. The U.S. Department of Homeland Security through the SBIR’s Science and Technology Directorate (S&T) is now accepting proposals from small businesses comprising of fewer than 500 employees in at least 10 topic areas. Interestingly, the areas also cover the topics of “Applicability of Blockchain Technology to Privacy Respecting Identity Management” & “Blockchain Applications for Homeland Security Analytics”. Presumably, the former …

Poland Urges Regulation

Poland is seeking out a regulated cryptocurrency to become a contender in European economics. Poland, a member of the European community, is pressing for regulation from the European Union because of the impact that it envisions. Wojociech Trusz, from  Ministry of Economy, advises that: cryptocurrency can help Polish international competiveness. Europe must acknowledge the use of cryptocurrency through regulation, according to Trusz – who says that “this is a global phenomenon”. Trusz indicates that it could open doors to building a foundation for entrepreneurs and business if regulation was successful, …

U.S. Law Enforcement Actions Against Cryptocurrency Businesses: A Review And Suggested Guidance

The rapid growth of cryptocurrencies in recent years has resulted in a number of law enforcement actions by several U.S. government agencies. These actions demonstrate U.S. regulators’ interest in investigating fraud and other activities, according to Latham & Watkins, a Los Angeles-based, U.S. law firm. To give the cryptocurrency industry an overview of what agencies are taking action and provide insight into how to meet the various regulations, the law firm has released a report, “Enforcement Trends in Cryptocurrency.” “No doubt, in the coming years, cyptocurrencies will …

Bitcoin Price Continues Edging Higher

Bitcoin price continues pushing higher in cautious but optimistic trade. Leading into major economic events, it is often prudent to stay out of the market. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h30 UTC BTCC 4-Hour Chart From the analysis pages of xbt.social, earlier today: The 4hr chart, although slow and applicable over days and weeks, is looking bullish. The …

Deutsche Bank Explores Outlook For Instant Payments & Blockchain Brings Options

Digital payments can deliver better immediacy and ubiquity than traditional retail payment systems and, therefore, could revolutionize payments, according to a recent Deutsche Bank research paper. The paper, titled “Instant revolution or payments? The quest for real-time payments,” recognizes bitcoin and the blockchain as playing an important role in payment technology as the need for real-time payments expands. In tackling the complex topic of instant payments, the paper reviews the different definitions of instant payments and establishes what it considers a good working definition. The European Central Bank (ECB), for …

Minnesota Official Urges Caution On Bitcoin Despite No Reported Problems In The State

Minnesota’s commerce commissioner has warned consumers in his state to be wary of bitcoin despite no reported bitcoin-related problems, according to Minneapolis The Star Tribune. The warning marks the third U.S. state regulator in a month to issue such a warning. Mike Rothman, the Minnesota commissioner, acknowledged that legitimate businesses are using bitcoin and developing legitimate uses for it to buy and sell goods. He also says there are no reports in Minnesota of consumers being scammed with bitcoin. He nonetheless warns there is a dark side to bitcoin and …

Bitcoin Trading On Tenterhooks

Bitcoin trading is approaching the coming week with caution and fortunately the chart provides us with some technical indications of what to expect before committing money to the market. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Trading and Price Analysis Time of analysis: 11h30 UTC BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: It’s easy to see things in the chart after …