US Federal Trade Commission Forms Blockchain Working Group

Announcements, Blockchain, Investing, News, Regulation | March 20, 2018 By:

In response to a lawsuit against four individuals accused of cryptocurrency related fraud, the US Federal Trade Commission is forming a working group on blockchain issues.

“It is no surprise that fraudsters might use cryptocurrencies in their scams,” said an FTC blog post from Neil Chilson the acting chief technologist of the agency.


Cryptocurrency Research Effort Announced By The UK Government

Announcements, Blockchain, News, Regulation | March 20, 2018 By:

John Glen, Britain’s junior finance minister, said that the UK government and regulators will look in detail at the potential risks from cryptocurrencies like bitcoin.

Speaking at the Innovate Finance conference in London, Glen said that in their upcoming FinTech strategy, the government will announce further work with the Financial Conduct Authority and the Bank of England to consider these issues in more detail.


Blockchain Real Estate Startup Blocksquare Announces Series A Crowdsale

Announcements, Blockchain, ICO News | March 19, 2018 By:

Blockchain firm Blocksquare has announced its Series A crowdsale to provide online real estate platforms with a way to tap into the upcoming tokenized real estate market.

Based in Ljubljana, Slovenia, Blocksquare is developing a plug-and-play solution for companies that want to build platforms to offer tokenized property investments via blockchain.


Crypto Mining Firms In New York To Be Charged With Higher Power Prices

Announcements, FinTech, News, Regulation | March 19, 2018 By:

The New York State Public Service Commission (PSC) has ruled that upstate municipal power authorities can raise their electricity rates if cryptocurrency mining companies choose to use the state’s hydropower.

The ruling comes after the New York Municipal Power Agency (NYMPA) petitioned the PSC regarding concerns that high density load customers,