Bitcoin Volatility Expected to Rise After the US Presidential Election
While the United States prepares for the results of the 2020 Presidential Election, a number of data points and traders expect some significant cryptocurrency price fluctuations this week. Statistics from skew.com show bitcoin’s 30-day implied volatility has increased to 59% while 3-6 month stats jumped over 62%. The digital currency economy is hovering at around $388 billion, which is a giant jump from where it was during the last...
SEC Changes Rules, Making Fundraising Easier for Crypto Firms
The U.S. Securities and Exchange Commission (SEC) has amended some exemption rules, making it easier for crypto companies to raise funds. The rule changes raise fundraising limits for Regulation Crowdfunding, Regulation A, and Regulation D’s Rule 504 offerings. SEC’s New Rules Allow Crypto Companies to Raise More Money The SEC announced Monday that it has amended some rules pertaining to several exemptions. Among other changes, the...
Paypal Begins Crypto Service: CEO Reveals Increased Limits, Expansion Plans, Venmo Rollout
Payments giant Paypal has revealed more details of its new cryptocurrency service. The company is currently rolling out crypto functionality to U.S. customers, after which it will launch the service internationally and on the Venmo platform. Paypal’s CEO Unveils Crypto Plans Paypal CEO Dan Schulman provided new details of the company’s new cryptocurrency service during the Q3 2020 earnings call on Monday. Paypal recently announced...
Kim Dotcom Can Be Extradited To The United States, Subject to Judicial Review
Ever since Megaupload was raided in 2012, the US Government has been trying to ship Kim Dotcom, Mathias Ortmann, Bram van der Kolk, and Finn Batato out of New Zealand but the path has not been smooth. The process in New Zealand begins when a country, in this case the United States, asks a local court to determine whether the people to whom it desires access are eligible to be extradited under the Extradition Act 1999. In basic terms,...
Movie Industry: VPNs and Tor Pose a Threat to Legitimate Streaming Platforms
The Motion Picture Association (MPA) represents several of the largest movie industry companies. Traditionally its members were restricted to top Hollywood studios such as Disney and Warner Bros, but last year streaming giant Netflix joined as well. The newcomer hasn’t changed the MPA’s main goal, which is to deter piracy around the globe. The group tackles copyright infringement directly by going after site owners and app developers,...
