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Litecoin [LTC]: Hollywood introduced to Litecoin; Sponsors Mammoth Film Festival in California

on February 06, 2019 AMBCrypto

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Two men arrested in Oklahoma after stealing $14 million worth of CMCT tokens

on September 30, 2018

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Litecoin [LTC]: Hollywood introduced to Litecoin; Sponsors Mammoth Film Festival in California

Litecoin has taken another major step in the cryptocurrency universe and further consolidated its position as a widely accepted virtual currency. On January 5, Litecoin announced on their official website that the foundation is delighted to be sponsoring the 2 nd annual Mammoth Film Festival which will be held at Mammoth Lakes, California for the time period of 7 th to 11 th February 2019. The film festival which premiered in the year 2017, was considered one of the largest first film festivals ever organized. Source: Twitter The announcement should herd in an enormous amount of attention for the virtual currency as several members of the litecoin foundation will be interacting with various high profile filmmakers, actors, celebrities and festival attendees and endowing them with pivotal knowledge regarding cryptocurrency while also helping them set up crypto wallets to experience the efficiency of litecoin unmediated. The website also stated that the various winning filmm...

Charitable Organisations Increasingly Receiving Donations in Cryptocurrency

Charities are increasingly accepting of cryptocurrencies as donations. This potentially exposes them to the same level of risks and rewards as those investing in the space. Charities Take Cryptocurrency Risk Giving Wealthy Donors Tax Breaks Thanks to nuances in U.S. tax legislation, many individuals that have been newly enriched by cryptocurrency are favouring making donations to charity in cryptocurrencies. By giving assets rather than hard cash, donors can get deductions on their tax returns along with the bonus of not having to pay the government for the capital gains made. The meteoric rise of Bitcoin and other cryptos over the last few years has meant that many individuals are sitting on massive capital gains. The above bonuses incentivises them to donate the digital assets themselves to the charity, rather than converting them to fiat and writing a cheque. Perhaps the biggest holder of cryptocurrency donations is the Silicon Valley Community Foundation – an organisation ...

EU Banking Authority Urges Bitcoin Law, What it Means For BTC

The European Banking Authority (EBA) has called for pan-EU rules on bitcoin and other crypto assets. The London-based regulatory agency reached the European Commission, which drafts EU legislation, with its official report on cryptocurrency laws. The report concluded that the assortment of different crypto laws across the European nations could lead to exploitation of investors and consumers alike. “Typically crypto-assets fall outside the scope of EU financial services regulation,” EBA said in the study. “Moreover, divergent approaches to the regulation of these activities are emerging across the EU. These factors give rise to potential issues, including regarding consumer protection, operational resilience, and the level playing field.” Adding further, EBA suggested that the commission was the place to bring every nation under uniformed crypto legislation because of its influence beyond the banking sector. FATF Recommendations The EBA’s call comes in the wake of the Financial Ac...

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