17 Jun

State of New York Proposes Launch of Digital Currency Task Force

By Daniel Zo NY, New York, USA, Task Force, Cryptocurrency Read Comments

The State of New York has actively pursued cryptocurrency regulation, especially since exchanges operating in the region need to register and be licensed by the city’s financial regulator. Despite this aspect, the New York State Assembly has recently proposed the idea of creating a digital currency task force, meant to examine the crypto and blockchain markets operating locally.

According to a summary of the meeting, if approval is received, the task force will consist of 9 persons, who will write out a report of their findings by December 2019.

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11 Apr

Reverse merger makes investing with Bitcoin easier

By Daniel Zo Bitcoin, NYSE, Tera Read Comments

Bitcoin has a large number of believers at this moment in time, and that number is only expected to increase in the next couple of months. However, those who felt like betting on its future on the stock market have had quite a difficult time doing so until now. This is ought to change, as Tera Group Inc. will become a listed company on the stock market.

The group which has attracted quite a large number of fans has recently announced that it has initiated a reverse merger agreement with a NYC Stock Exchange-listed company known by the name of MGT Capital Investments. While their areas of work are quite different as MGT runs a couple of online gaming sites, this doesn’t really matter as long as they collaborate and have similar beliefs. The description of the terms of the deal mentions that Tera will have an executive controlling state after the merger. This means that MGT will issue 70% common stock shares over to Tera’s owners. In turn, by being listed on the New York Stock Exchange, those who believe in the future of bitcoin will be able to secure a safe investment in the company.

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