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BitMEX Shuts Down US and Quebec Traders Accounts After Canadian AMF Sends Letter

It looks like the future of BitMEX in North America is bleak. The Block Crypto has recently reported that BitMEX, which is a trading platform that was created to facilitate futures trading with cryptos (mostly Bitcoin) has been on the target of financial regulators from Canada. This has made the company close the accounts in  the United States and the Quebec region of Canada. The Autorité des marchés financiers (AMF) of Quebec has sent a letter to BitMEX asking it to close all accounts linked to people from the region as the exchange was not properly authorized to deal with that. The regulator has started to shut down accounts fro Quebec and in the U.S. before BitMEX did. This will have a major impact on the market, it seems, as BitMEX, at the moment, the largest market for Bitcoin, as informed by CoinMarketCap’s data. Unlicensed companies are having a tough time right now as a lot of countries and agencies all over the globe are cracking down on them. As its activities have been deemed illegal according to the legislation of each country. The regulator has confirmed that BitMEX is not registered with the AMF so it could not offer its services in the region. Now, as a part of its efforts to be more compliant, BitMEX has stated that it does not accept clients from the U.S. or from Quebec. At the moment, BitMEX states that it is not operating unlawfully in any region of the world, but The Block Crypto, which first reported on this story, was unable to confirm whether this was the truth or not.
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AMF Condemns Keplerk’s Plans to Sell Bitcoins via French Tobacco Shops

The nation’s financial regulators have criticized Keplerk, a France-based financial technology (fintech) company, the Autorite des Marches Financiers (AMF)  for allying with tobacco retailers in the country to enable them to sell bitcoin to clients through its bitcoin vouchers beginning from January 2019, according to a Finance Magnates report  on November 26, 2018. Keplerk in AMF Hot Waters As reported...Read More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News
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AMF French Financial Regulator Shows USA Tops The Global ICO Token Market, Raising Near $22 Billion Total

US Leads ICO Global Market And France Accounts for Only A Minor Part Of It A new report on Initial Coin Offerings (ICOs) made by AMF (l’Autorité des marchés financiers), a French financial market regulator, has reported that France only represents a very minor portion of all the ICOs in the market. In this same study, the United States, however, appeared with the largest ICO share in the market. As the country is big and has the biggest economy in the world, no surprises in that. The study accounts for the ICOs since 2014 and it affirms that they have experienced a fast growth rate since 2016, but that most of the market share has been concentrated in 2017 and the first three quarters of 2018. As the AMF reported, France has only accounted for a very small share of the ICO market by raising about $100 million USD via 15 ICOs. This made France have only 1.6% of the ICO market in 2017, according to the reports. The authority has affirmed that ICOs helped small companies to preserve the integrity of their capital and that the local ICO projects also helped other industries to raise money. Regulation And Transparency The AMF has affirmed that the industry currently lacks both regulation and transparency now in France. According to them, the secret for having successful ICOs and for developing a secure environment for this kind of investment is to properly regulate them so the investors can trust them. Also, it was noticed that the industry needs to adopt effective anti-money laundering (AML) requirements and that this would help to get a higher level of transparency. The AMF praised a new initiative by the French Ministry of Economy and Finance that approved the Action Plan for Business Growth and Transformation bill (PACTE) dedicated to ICOs. Now, the Parliament will examine this measure before it is accepted. According to the reports, the new UNICORN program will also be very useful for the ICO industry, as it represents a supportive basis for the development of a regional regulatory approach. In related news, France is now proposing to tax crypto gains less than the country has used to and to reduce them from 36.2% to 30% starting January 1, 2019. Early in September, the same AMF that made the study blacklisted 21 French investment sites that were not regulated.
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French Stock Market Regulator AMF Blacklists Dozens of Cryptocurrency Sites

The regulatory state of crypto hangs continually in the balance. As the currency and asset class continues to grow and develop, countries all over the world are scrambling to create a complex framework with which to regulate and industry that they might not even fully understand. Countries such as the United States and France have an exceptionally difficult time creating such a framework, especially when one considers the extreme variation in regulatory authorities and power structures inside of their vast governments. This week, French crypto market participants got yet another glimpse into the potential future of the cryptocurrency space within the country. The French regulatory authority AMF, or Autorite des Maches Financiers, announced today that it would be blacklisting a list of 21 new sites classifying themselves as investment websites. The decision comes with the caveat that the agency will continue to add more names of sites to the growing list, a list which the authority is quick to call “nor comprehensive.” The newest update to the unfortunate blacklist comes just months after AMF added fifteen new websites to their list. March yielded the fifteen names, along with an official warning to consumers regarding the risks associated with investing in cryptocurrency—especially when their favored investment sites display significant risk factors and sketchy backgrounds. A Global Trend France is not alone in the regulatory trend of blacklisting sites perceived to be problematic to the general health of consumers and the economy. A Belgian watchdog called the Financial Services and Markets Authority, or the FSMA, has been maintaining its own blacklist which now consists of 28 new websites, as of the 26th of September. Additionally, the Belgian authority has issued numerous warnings to consumers on the market concerning the fraudulent nature of many projects within the growing and inclusive crypto space. While the United States might not have such a list officially on the books, it and other first-world countries are quickly establishing task forces to look into the realities behind some of the biggest crypto scammers currently on the market. Because the industry is so new and things can change so quickly, regulators must act with decisiveness to respond to cases of fraud on the blockchain. France’s New Rules It has been a big month for regulators in France. The AMF was granted the legal authority to grant its own licenses to Initial Coin Offering (ICO) companies. According to the Finance Minister of the country, the new legal framework could set the foundation for a more booming investment economy, attracting “investors from all over the world” to France to help boost the economy and growing crypto ecosystem. This wish reiterates a relatively common trend within groups of regulators all over the country. While it may seem that crypto startups would want to avoid being hit with regulations as much as possible, the reality is that most companies on the blockchain would like nothing better than to have a sophisticated regulatory authority with a comprehensive framework for regulation.
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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project
Coinspeaker

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
Use The Bitcoin

Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust https://www.altcoinbuzz.io/crypto-news/finance-and-funding/leading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust/?fbclid=IwAR2AlAU_C_8Mm9CUm2hDci0pmdW3pvLzphS-BSy888SzDptaXMeifxZgJ1I Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) https://www.cryptoglobe.com/latest/2019/01/crypto-investment-firm-grayscale-launches-fund-dedicated-to-stellar-lumens-xlm/ Grayscale Tweet https://twitter.com/GrayscaleInvest/status/1085904356635959297?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085904356635959297&ref_url=https%3A%2F%2Fwww.altcoinbuzz.io%2Fcrypto-news%2Ffinance-and-funding%2Fleading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust%2F Grayscale https://grayscale.co/stellar-lumens-trust/ BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading https://dailyhodl.com/2019/01/17/bitgo-ceo-says-institutional-money-in-crypto-can-easily-reach-trillions-of-dollars-as-company-launches-cold-storage-trading/ Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade https://www.bloomberg.com/news/articles/2019-01-16/crypto-s-billion-dollar-theft-problem-prompts-safer-way-to-trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople https://www.trustnodes.com/2019/01/17/ethereum-chain-splits-an-estimated-10-of-miners-stay-on-constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed https://www.altcoinbuzz.io/crypto-news/product-release/ethereum-upgrade-constantinople-hard-fork-delayed/ VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 https://www.newsbtc.com/2019/01/17/vaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019/ Nasdaq Tweet https://twitter.com/Nasdaq/status/1085522054559031296?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085522054559031296&ref_url=https%3A%2F%2Fwww.newsbtc.com%2F2019%2F01%2F17%2Fvaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019%2F -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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