Sacramento Kings Pro Basketball Team Launches Crypto Collectibles

The Sacramento Kings NBA basketball team is giving away 100 limited-edition, Ethereum-based collectible toys throughout the 2019–2020 season. The Sacramento Kings NBA basketball team has partnered with CryptoKaiju to launch crypto-collectibles. In a press release on Oct. 16, the Sacramento Kings announced a new collaboration with the creator of Ethereum-based Kaiju toys, CryptoKaiju. The companies will give away 100 limited-edition Kaiju collectible toys throughout the 2019–2020 basketball season. Each collectible is backed by a non-fungible token, meaning that no two are the same. 15 of these toys will come with…

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Telegram Aims to Delay TON Launch Deadline Ahead of SEC Meeting

Telegram is asking investors whether they will agree to postpone the TON launch deadline. Encrypted messaging service Telegram wants to postpone the launch date of its Telegram Open Network (TON) following issues with the United States Securities and Exchange Commission (SEC). According to an investor message seen by Cointelegraph on Oct. 16, Telegram told investors that it wants to push back the deadline to April 30, 2020. The launch was initially set for late October, but the SEC abruptly declared its $1.7 billion dollar token offering to be illegal. Telegram raised…

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Survey: Chinese Students Want Crypto Jobs, 8% Own Cryptocurrencies

A poll conducted among university students in China indicates that many of them see a bright future for cryptocurrencies in their country. A quarter of the respondents said they would seek employment in the industry that deals with digital assets and related technologies. Approximately one in 12 students already owns digital coins. Also read: Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky 17% of Polled Students Have Had Investments in Crypto China has a mixed attitude towards cryptocurrencies in general. On the one hand, the government in Beijing effectively…

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CFTC Files Lawsuit Against $11M Ponzi-Like Cryptocurrency Scam

The United States Commodity Futures Trading Commission has charged a Nevada company with violations relating to an $11 million Ponzi-like crypto scam. The United States Commodity Futures Trading Commission (CFTC) has announced the filing of a civil enforcement action against Nevada-based Circle Society. Defendants guaranteed investors 300% return On Oct. 16, the CFTC announced that it was charging Circle Society and its owner, David Gilbert Saffron, with “fraudulent solicitation, misappropriation, and registration violations relating to an $11 million binary options scheme.” According to the charges, the defendants misappropriated at least…

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Bitcoin is Totally Different to Libra: Calibra Head David Marcus

Calibra head David Marcus says he is a big fan of Bitcoin, but it is totally different to Libra. ⁠David Marcus, the head of Facebook’s forthcoming cryptocurrency wallet Calibra, said that he is a fan of Bitcoin (BTC) but it is totally different to the proposed Libra stablecoin. Bitcoin is digital gold, Marcus says In a Squawk Box interview on Oct. 16, Marcus stated that he has been looking at Bitcoin since 2012 and considers it to be akin to digital gold. When asked by Squawk Box co-host Joe Kernen if…

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Telegram Aims to Push Out TON Launch Deadline Ahead of SEC Meeting

Telegram is asking investors whether they will agree to push out the TON launch deadline. Encrypted messaging service Telegram wants to postpone the launch date of its Telegram Open Network (TON) following issues with the United States Securities and Exchange Commission (SEC). According to an investor message seen by Cointelegraph on Oct. 16, Telegram told investors that it wants to push back the deadline to April 30, 2020. The launch was initially set for late October when the SEC abruptly declared its $1.7 billion dollar token offering to be illegal.…

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Bitcoin Price Analysis: Constant Supply Shows Signs of Market Weakness

Over the last few weeks, the bitcoin market has been constantly flooded with high-volume, high-spread moves to the downside. There have been a few impulsive, bullish rallies but nothing that has been sustained and nothing that is showing signs of supply absorption. At the time of this video, the market is testing a very important level for the fourth time and, if we fail to close above the $8,080 level, would likely mean we will be visiting the mid-$7,700s.   However, if we manage to close a daily level above $8,080,…

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CFTC File Lawsuit Against $11M Ponzi-Like Cryptocurrency Scam

The United States Commodity Futures Trading Commission has charged a Nevada company with violations relating to an $11 million Ponzi-like crypto scam. The United States Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action against Nevada-based Circle Society. Defendants guaranteed investors 300% return On Oct. 16, the CFTC announced that it was charging Circle Society and its owner, David Gilbert Saffron, with “fraudulent solicitation, misappropriation, and registration violations relating to an $11 million binary options scheme.” According to the charges, the defendants misappropriated at least $11…

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Op Ed: How to Understand Taxable Events for Cryptocurrency

Today’s average cryptocurrency investors, which number in the hundreds of thousands, may not even be aware that they need to pay taxes on their cryptocurrencies. But there is no longer any reasonable doubt regarding the need for reporting capital gains, compliance, auditing, accounting and taxation to the tax authorities. As of October 9, 2019, the IRS has issued official legal guidance on cryptocurrency taxation for the second time in five years. There is a growing list of cryptocurrency businesses and blockchain operations that transact and operate in cryptocurrencies — and…

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Layer1 Secures $50M in Funding to Rebalance the Global Bitcoin Hash Power

Layer1, a cryptocurrency infrastructure platform, has secured $50 million in series A funding in a bid to revolutionize the bitcoin mining space in the U.S.  According to a Layer1 blog post published on October 15, 2019, the funding (which values the company at $200 million) came from legendary investor Peter Thiel, among others. This isn’t the first time that Layer1 has accessed external funds to bankroll its operations. In December 2018, the company successfully raised $2.1 million in seed funding from Thiel, venture capital firm Digital Currency Group and others.…

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