New York Financial Regulators Approved Stellar Lumens to Trade on itBit
Financial regulators in New York has approved Stellar Lumens. It will be traded on itBit, an institutional-grade crypto exchange that also offers Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. The importance of this move is twofold: First, and most importantly, it...
More Banks Working with Cannabis Businesses Despite Federal Govt.’s Stance Against It
Last month, FinCEN counted a total of 411 U.S. banks and credit unions operating accounts for cannabis businesses; a 20% increase since last year. The number of new cannabis businesses took a dive after AG Jeff Sessions revoked the Obama-era guidance on cannabis...
Steve Bannon and Harvard Academics Team Up to Create “Deplorable Coin”
Remember Steve Bannon? Well, he’s back, and he’s teaming up with a few Harvard academics to create the “Deplorable Coin,” a reference to Hilary Clinton’s comment on the alt-right movement. Now, why is Bannon a strong supporter of the crypto-space? I think the answer...
UT Study Argues That the 2017 Bitcoin Price Spike Artificially Manipulated
Remember Bitcoin’s inflated price surge last December? Well, according to a University of Texas study, authored by John Griffin and Amin Shams, later reported by the New York Times, half of that price surge was due to price manipulation. Fraud in all its various forms...
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