How to Bequeath Your Digital Assets to Your Descendants

Depending on your belief system, death is either the endgame or the next level. Whatever lies on the other side, your bitcoins are no good there. Just as we entered this world with nothing, we are destined to leave it with nothing. All those years spent stacking sats needn’t be in vain, however. New and improved tools have made it easier to bequeath your crypto to your next of kin. Also read: As US Expands Subprime Mortgage Program, Is a New Crisis Looming? Digital Inheritance Demands Modern Solutions According to…

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Judge Rejects Multimillion Dollar Asset Plea in Crypto Fraud Case

A Canadian judge has dismissed a motion to set aside an asset freeze in a civil forfeiture case involving the purported FUEL token. A Supreme Court judge in British Columbia (BC), Canada, has denied a motion to set aside an asset freeze, which was requested by the defendants in a multimillion dollar cryptocurrency fraud case. The defendants had filed to set aside an interim preservation order that was issued by the British Columbia Civil Forfeiture Office in order to prevent case-related assets from being sold or accumulating debt. Vancouver news…

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Fidelity Charitable Received Over $100M in Crypto Donations Since 2015

Independent public charity Fidelity Charitable has received $100 million in cryptocurrency donations since 2015. Independent public charity Fidelity Charitable has received $100 million in cryptocurrency donations, according to its recently published report. In its “2019 Giving Report,” Fidelity Charitable illustrated account development throughout 2018, and provided insights into its growth since its establishment. Generally, the number of donors reached 204,292 in 2018, while back in 2009 the company had 51,918 accounts. Eliminating capital gains taxes When it comes to digital currency contributions, Fidelity received $106 million worth of cryptocurrency donations…

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Huobi Wallet to Support MakerDAO Tokens, Decentralized Applications

Huobi Wallet has added MakerDAO’s various offerings to its list of supported assets and services. Major cryptocurrency exchange Huobi has added support for MakerDAO tokens and decentralized apps (DApps) in its wallet.  Huobi Group shared the announcement with Cointelegraph on Aug. 19. MakerDAO has a stablecoin called Dai, a token named MKR, and applications including CPD Portal. The Maker project is a combination of its stablecoin, collateral loans and community governance. MakerDAO is a type of decentralized autonomous organization (DAO), which is an organization that is managed solely by smart…

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Report: Israeli Bitcoiners Petition Banks to Disclose Crypto Policies

A cryptocurrency nonprofit is filing a court petition for Israeli banks to provide regulatory clarity on their crypto policies. The Israel Bitcoin Association, a nonprofit organization that promotes the use of Bitcoin (BTC) and cryptocurrencies, has reportedly filed a freedom of information petition with a Jerusalem court. The petition purportedly seeks to require local banks to disclose their policies on money originating from digital currencies.  Local news daily Globes reported on Aug. 19 that state banks are required to report reasons for refusing transactions to the country’s central bank, the…

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Israeli Financial Authority to Accelerate Blockchain, Fintech Licensure

A department of the Israel Ministry of Finance is looking to drive fintech competition with industry teams and licensing help. The Capital Market, Insurance and Saving Authority, a division of Israel’s Ministry of Finance (MoF), is looking to accelerate the process of procuring licenses for blockchain and fintech companies in the country. Israeli business news outlet Calcalist reported the development on Aug. 19. According to the report, the authority has launched dedicated industry teams, some of which specialize in blockchain companies.   According to the report, the authority is hoping to…

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New York Court Rules That State Attorney Has Jurisdiction Over Bitfinex

The New York State Supreme Court has ruled that Bitfinex is in the jurisdiction of the state’s Attorney General, allowing for a continuation of its investigation. The New York State Supreme Court has ruled that the New York Office of the Attorney General (NYAG) has jurisdiction over cryptocurrency exchange Bitfinex. According to a court filing on Aug. 19, this will allow the NYAG to continue its investigation of the exchange over allegations of fraud and misleading investors.  In the filing, Judge Joel Coehn dismissed a motion by Bitfinex to terminate…

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