The following article is the first in a series of guest posts by Ben Lakoff. Mr. Lakoff is an entrepreneur and finance professional. He has a wide area of expertise including raising capital, corporate finance, investing, and start-up strategy. The content of this post is not intended as legal, … Read more about DeFi: What Is It and Why It Is Important
Crypto’s $42 Million in Q1 Lobbying
Despite doubt over the industry’s staying power and fluctuating market capitalization, cryptocurrency has made significant steps into the mainstream in recent years. Between 2017 and July 2018, researchers at the University of Cambridge found that millions of new user accounts entered the crypto … Read more about Crypto’s $42 Million in Q1 Lobbying
Gov. Jared Polis Signs Colorado Digital Token Act
Last week, Colorado Gov. Jared Polis signed the Colorado Digital Token Act (“SB19-023”), which is expected to bring more attention to Colorado’s cryptocurrency market by addressing digital tokens within the existing framework of securities law. A security, while having a notoriously flexible … Read more about Gov. Jared Polis Signs Colorado Digital Token Act
Russia Announces Expansion of Government-Backed Cryptocurrency
Last week, Russian news sources reported that the lower house of the country’s Federal Assembly may pass a resolution to allow the country to further develop cryptocurrency systems. According to Rambler, the Russian media outlet that first announced the news, officials are currently looking to … Read more about Russia Announces Expansion of Government-Backed Cryptocurrency
Singapore Cryptocurrency Company Looking to Publicly Trade in the U.S.
This week, one of the largest cryptocurrency holding companies in the world took a critical step towards publicly trading in the United States. Operating out of Singapore, BTHMB signed a binding letter of intent with Blockchain Industries (BCII), a U.S. holding company specializing in investment … Read more about Singapore Cryptocurrency Company Looking to Publicly Trade in the U.S.
Lawmaker Suggests Cryptocurrency to Fund Border Wall
Ohio Congressman Warren Davidson suggested that crowdfunding through a cryptocurrency might provide a viable solution to the funding issues for the proposed wall along the US/Mexico border. In an interview with NPR's Steve Inskeep, the Republican representative suggested that both the proposed … Read more about Lawmaker Suggests Cryptocurrency to Fund Border Wall
Ohio Now Accepting Bitcoin for Tax Payments
Beginning today, November 26, 2018, Ohio will be the first US state to accept Bitcoin payments for more than 20 kinds of state business taxes. Payments made in Bitcoin will be made through third-party payment service BitPay. The Ohio Treasurer's website lists the 23 kinds of business taxes that can … Read more about Ohio Now Accepting Bitcoin for Tax Payments
CFTC Chairman: DLT Can Automate Regulation
The US Commodity Futures Trading Commission (CFTC) has, thus far, exhibited far more enthusiasm for Distributed Ledge Technology ("DLT") than the Securities and Exchange Commission ("SEC"). On balance the CFTC has come across as open, if not downright enthused by the possibilities … Read more about CFTC Chairman: DLT Can Automate Regulation