Paris Saint-Germain Soccer Club to Launch Fan Token

French soccer club Paris Saint-Germain (PSG) is partnering with blockchain platform Socios.com to launch a token ecosystem, according to a press release shared with Cointelegraph September 11. PSG plays in the highest tier of France’s soccer league and has been hailed as the country’s “most popular” team. Socios describes itself as a digitized, tokenized form…

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Government Expert: Russia Not Ready for Issuance and Circulation of Cryptocurrencies

A special representative of the Russian president said that the country is not yet ready for the circulation and issuance of cryptocurrencies, according to local news agency RIA Monday, September 10. The president’s Special Representative on digital and technological development Dmitry Peskov explained his view on the state of digital assets in an interview with…

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 10

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The market is finding it difficult to sustain…

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Blockchain Trust Company Paxos Launches NY Regulator-Approved, USD-Backed Stablecoin

Blockchain Trust company Paxos has launched a U.S.-dollar backed stablecoin following approval from New York regulators, according to a press release published September 10. Backed 1:1 by the dollar, the Ethereum blockchain-based stablecoin, dubbed ‘Paxos Standard,’ has been approved by the New York State Department of Financial Services (NYDFS), which will exercise regulatory oversight over…

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Crypto Discussions at Highest Level: The OECD’s Love of Blockchain Obscures Its Fear of Bitcoin

For several years now, the Organization for Economic Co-operation and Development (OECD) has been cautiously enthusiastic about blockchain technology. Beginning with a 2014 working paper titled, "The Bitcoin Question" the intergovernmental organization has been considering the economic possibilities opened up by distributed ledgers and cryptocurrencies — and, on the whole, it has found these possibilities…

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Stellar-Focused Firm Acquires Visa-Backed Blockchain Startup Chain

Financial services blockchain startup Chain has been acquired by the Stellar-focused firm Lightyear, Reuters reports today, September 10. Chain CEO Adam Ludwin told Reuters that a new company, dubbed Interstellar, will “migrate” Chain’s customer network and existing products onto Stellar’s global public blockchain, aiming to thereby create a new public digital assets management platform: “We…

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Winklevoss Brothers Launch Fiat-Backed Stablecoin After New York Regulator’s Green Light

Tyler and Cameron Winklevoss, creators of cryptocurrency trading platform Gemini, have received permission from New York regulators to launch their own stablecoin, according to a post on Gemini’s Medium Monday, September 10. The so-called Gemini dollar now has the backing of the New York Department of Financial Services (NYDFS). The brothers’ Medium post describes the…

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Citigroup to Let Investors Trade Custodian-Held Cryptocurrency, Sources Claim

U.S. multinational bank Citigroup is developing a cryptocurrency product to give institutional investors access to crypto markets without owning cryptoassets directly, anonymous sources told Business Insider September 9. Citigroup, which had previously taken a centralized approach to cryptocurrency, will reportedly use a revamped version of the American Depositary Receipts (ADR) – a type of security…

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Bitcoin Markets Volatile After US SEC Suspends Trading in Two Crypto-Based Securities

US regulators banned trading of XBT Provider’s Bitcoin and Ether Tracker One securities Sunday, September 9, briefly sending cryptocurrency markets tumbling. Citing “confusion” among investors, the U.S. Securities and Exchange Commission (SEC) issued a notice that two exchange-traded notes (ETNs) –  Bitcoin Tracker One (“CXBTF”) and Ether Tracker One (“CETHF”) –  would cease trading until…

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Despite Ban, China Keeps Trading Cryptocurrency Thanks to Tether and VPNs, Says Report

Chinese traders are using virtual private networks (VPNs) as a major tool to circumvent the ongoing government crackdown on cryptocurrency trading, local media outlet South China Morning Post (SCMP) reported September 8. According to SCMP, referencing reports from Beijing-affiliated Shanghai Securities Times, traders have begun leveraging stablecoin Tether (USDT) as a means of entering and…

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Legal aspects of STOs: An Interview with a Blockchain Lawyer

Advertisement About the Lawyer: Diana Stetiu is a Romanian law qualified lawyer, holding a law degree and an LLM degree from the University of Paris I: Panthéon-Sorbonne, France. Diana is a Senior Associate leading the Tech law practice with Bulboaca & Asociatii, she is also a member of the Banking & Finance and Capital Markets…

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A Billion People Will Be Using Cryptocurrency in 5 Years: Brian Armstrong

Advertisement The world of money is revolutionizing in front of our eyes. Cryptocurrency is creating new paradigms for alternative payment systems and decentralized banking. There is no doubt that the user adoption of various cryptocurrencies is rapidly increasing. The cryptocurrency industry has become more fluid as the borders between it and mainstream finance continue to…

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South Korean Official Proposes Greater Cooperation for Global Crypto Regulation

An official from South Korea’s Financial Supervisory Service (FSS) has proposed greater international cooperation between regulators for crypto and Initial Coin Offering (ICO) regulation, local news outlet Asian Economic TV reports Friday, September 7. Yoon Suk-heun, governor of FSS, made a statement about the potential for more cooperation during the opening ceremony of the 20th…

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IT Analyst Jason Bloomberg: What I’m Really Saying Is ‘Shut Down Permissionless Blockchains’

This interview has been edited and condensed. Aside from occasional blisteringly anti-crypto commentary from the likes of Warren Buffett and Bill Gates, one of the crypto industry’s most consistent and vocal naysayers is IT industry analyst Jason Bloomberg. Bloomberg is a published author, Forbes contributor and president of the firm Intellyx, which helps enterprises integrate…

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