Facebook Bans all Crypto and ICO Advertising

Facebook Bans all Crypto and ICO Advertising

Facebook is banning all advertising on its platform for cryptocurrencies and token sales, as past of a policy to crack down on deceptive marketing. Rob Leathern, the company’s product management director, wrote in a blog post that the new policy targets “ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, and cryptocurrency.”

“We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies […] Read more

S. Korea wants to tax your Cryptocurrency 24.2%

S. Korea wants to tax your Cryptocurrency 24.2%

Hey cryptonites, South Korea wants to know exactly who you are, and…make you pay a 24.2% tax on digital currencies. In addition, beginning January 30th, minors under 19 and foreigners without a local bank account will be banned from trading digital currencies, according to South Korea’s Financial Services Commission Vice Chair Kim Yong-beom.

“We expect that cryptocurrency exchanges that are in danger of being exploited for money laundering will be thrown out of the market,” Kim told reporters.

Reuters reports: “The new requirements are meant to ensure that a cryptocurrency investor’s money comes from a bank account owned by the same individual. […] Read more

SIGNiX: The ICO for Grown-ups

SIGNiX: The ICO for Grown-ups

SIGNiX is uniquely positioned to drive mass adoption of smart contracts through SmarTract, their smart contract platform. The company is offering an investment opportunity through a Simple Agreement for Future Tokens or Equity, or SAFTE.

SIGNiX already has a massive user base.
An existing digital signature business applies 100 million digital signatures to over 40 million contracts every year. That’s not a goal. That’s not a projection. That’s today.

Experts in blockchain cryptography.
To secure those 100 million digital signatures, they use Public Key Infrastructure, or PKI, the same cryptographic method required for every distributed ledger entry on any blockchain.

SmarTract will make smart contracts […] Read more

Stripe to ditch Bitcoin support due to Volatility

Stripe to ditch Bitcoin support due to Volatility

Stripe has announced plans to stop supporting bitcoin on April 23 due to long transaction times and the volatility of the currency. That may not bother a lot of people, as the payment platform has seen a large decrease in bitcoin transactions.

Stripe’s Tom Karlo stated that he feels bitcoin is more of an asset than a currency and is not a great solution for quick transactions. He also added that Stripe has had a major decrease in bitcoin transactions. While this may not be an indicator true bitcoin believers will worry about  given the amount of bitcoin payment options […] Read more