News 

Blockchain Is Part Of China’s Master Plan for New Competitor Island to Hong Kong

Chinese authorities have released a master plan for turning southern island province Hainan into a free trade port, Xinhua news reports on June 1. A trade port system will focus on facilitating free trade, investment and cross-border capital flows in the whole island. Government institutions reform The master plan encourages government institutions to use blockchain and other technologies to reform government function. Authorities hope the new modern technologies will help build a comprehensive, scientific, standardized and effective free trade port governance system. They added that:  “We should give full play…

Read More
Market News Op-ed United States 

The Housing Market’s 9-Year Winning Streak Is Finally Coming to an End

U.S. home prices extended their nine-year winning streak in April, rising 5.4% over previous-year levels. That streak is about to come to an end. CoreLogic analysts predict this key metric of housing market strength will fall 1.3% over the next 12 months. With millions of people likely to remain unemployed for months to come, house prices could remain depressed for years. For nearly a decade, U.S. home prices have clung, unwaveringly, to an upward trajectory. But according to the latest CoreLogic Home Price Index Report, this key gauge of housing…

Read More

Uptrend in Mainstream Crypto Interest Started Last Fall, MIT Startups Says

Cryptocurrency has seen a rise in mainstream attention starting last fall — before COVID-19 measures took off, according Floating Point Group, or FPG, an algorithmic trading technology startup conceived at MIT. “An increasing portion of our inbound prospects are established industry participants coming from FX, equities and derivatives markets,” FPG co-founder Kevin March told Cointelegraph on May 28 after confirming the presence of increased mainstream crypto trading interest.  Cryptocurrency opportunity knocking Abiding with U.S. regulation, FPG offers institutional players a number of tools, APIs and other tech for trade automation. March…

Read More
Dancing With the Stars Entertainment Meghan Markle Op-ed 

A Hollywood Insider Finally Found the Perfect Gig for Meghan Markle

I know that Meghan Markle’s fanbase had high hopes for her once she broke free of the evil royal family. It hasn’t quite worked out for poor Malibu Meg. Angelina Jolie hasn’t come knocking yet. She’s been offered a spot on Dancing With the Stars, though! That’s something, right? When Meghan Markle finally hit the jackpot and married her Prince Charming, I imagine she had some pretty lofty ambitions. Can you really blame her? Since the royal step-down was announced, we’ve seen Meghan touted as an A-lister in Hollywood, a…

Read More
News 

US Investors in Tezos’ 2017 ICO May Be Eligible for $25M Settlement

Investors who participated in Tezos’ (XTZ) initial coin offering (ICO) between July 1, 2017, and July 13, 2017, have been notified that they may be eligible for a share of the $25 million settlement proposed settlement to an ongoing class-action lawsuit alleging securities violations. What may comprise the case’s final Settlement Hearing is set to take place on August 27 to determine whether the settlement and proposed plan of allocation will be approved as “fair and reasonable,” and whether attorney’s fees will be awarded as part of the agreement. Per…

Read More
News 

Cryptocurrency Firms Now Recognized as Money Service Businesses in Canada

Cryptocurrency exchanges and payment processors are now legally recognized as Money Service Businesses (MSB) within Canada. June 1 saw the enactment of amendments to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act that were passed in June 2019 to address holes in the then-existing framework. Candian crypto firms must now report all transactions exceeding 10,000 Canadian dollars ($7,403), and register and comply with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Recognition brings relief On May 29, the CEO of Canadian crypto asset exchange BullBitcoin, Francis…

Read More