New York Supreme Court Grants Bitfinex’s Motion to Modify Injunction

Bitfinex’s motion to modify an injunction by the New York Attorney General has been approved by the state’s supreme court. Justice Joel Cohen of the New York Supreme Court has granted the Bitfinex cryptocurrency exchange’s motion to modify an injunction from the New York Attorney General (NYAG), Bitfinex announced on May 16. Per the announcement, the court order will allow Bitfinex and affiliated stablecoin operator Tether to continue their normal business. It also states that the original injunction by the NYAG will expire in 90 days and that any motion…

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UN Secretariat Signs Agreement with Nonprofit to Reward Climate Action With Crypto

Secretariat of the UN Framework Convention on Climate Change signed an MoU with blockchain firm W-Foundation. A climate change initiative of the United Nations signed a Memorandum of Understanding (MoU) with nonprofit organization W-Foundation to collaborate on climate action, according to a press release shared with Cointelegraph on May 16. In accordance with the new MoU, the Secretariat of the UN Framework Convention on Climate Change (UNFCCC) will work with South Korea-based W-Foundation to promote global climate action projects, including compensation of greenhouse gas emissions by using rewards in cryptocurrency.…

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Proposed Securities Framework Wrong for Regulating Crypto Exchanges, Argues Kraken

Kraken argues against proposed regulation of crypto by Canadian securities entities. Canadian exchange Kraken has published a paper arguing against proposed regulation of crypto assets by the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC). The exchange shared its comments in an official twitter post on May 16. Kraken says that the proposed framework considers the contractual arrangement between an exchange and an exchange user as a security. Kraken denies that these contracts constitute securities: “…most reputable exchanges operate as custodians or bailees. As such,…

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Poloniex Stops Offering Nine Coins in US Due to Uncertain Regulations

Leading cryptocurrency exchange Poloniex will stop offering nine coins in the United States due to uncertain regulations. Leading cryptocurrency exchange Poloniex will stop offering nine coins to United States-based customers due to uncertain regulations, according to a blog post published on May 16. Starting from May 29, Poloniex will stop offering trading in Ardor (ARDR), Bytecoin (BCN), Decred (DCR), GameCredits (GAME), Gas (GAS), Lisk (LSK), Nxt (NXT), Omni Layer (OMNI), and Augur (REP) for its customers in the U.S. Trading with the aforementioned assets will remain available for the exchange’s…

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Big Four Firm KPMG Identifies Top Four Skills Required for Blockchain Career

Big Four auditing firm KPMG has identified the top four skills needed for a blockchain-related career. Big Four auditing firm KPMG has identified the top four skills needed for a blockchain-related career, in a press release shared with Cointelegraph on May 16. KPMG suggests that an increasing number of companies will investigate blockchain technology this year. “Blockchain projects will not succeed or scale without a multifaceted team that goes beyond technologists,” the firm states, thus identifying the four major skills needed for a career in the industry. KPMG argues that…

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Blockchain Sister Startups Allegedly Pull $8 Million Exit Scam

RepuX and JoyToken have reportedly completed an initial coin offering (ICO) exit scam together. Blockchain startups RepuX and JoyToken have reportedly pulled a joint initial coin offering (ICO) exit scam, according to an exposé by Hard Fork of The Next Web (TNW) on May 16. RepuX and JoyToken reportedly ran their ICO promotions during March and April of 2018, and are now walking away with $4.7 million and $3.3 million, respectively. As far as the startups’ stated plans were concerned, Hard Fork reports: “RepuX claimed that it was trying to…

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