Paypal Users Receive Cryptocurrency Warning Email

This week Paypal users reported receiving an official-looking email from Paypal, warning users about “activity [involving] the trading or transfer of crypto currency [sic] which is prohibited under our Acceptable Use Policy,” asking the receiver to “cease any activity that results in the trading or transfer of crypto currency.” Also read: Since Embracing Bitcoin, Robinhood App … Read more

Consumer Complaints Rise 669% After Crypto Prices Decline

Just recently a consumer research group called Valuepenguin did an analysis on complaints filed with the Consumer Financial Protection Bureau (CFPB) between June 1, 2017 and March 1, 2018. According to the study, after the significant 50-60 percent downturn in cryptocurrency values, consumer complaints surged by 669 percent. Also Read: Israeli Supreme Court Forbids Bank From … Read more

US Court Shuts Down Promoters of Three Deceptive Crypto Schemes

A U.S. federal court has placed a restraining order on and frozen the assets of four alleged promoters of deceptive schemes involving cryptocurrencies at the request of the country’s Federal Trade Commission. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies US Court’s Order The U.S. Federal Trade Commission (FTC) announced on Friday … Read more

Thailand to Pass Two New Cryptocurrency Laws

Thai regulators have reportedly agreed to enact two separate laws on cryptocurrencies and initial coin offerings. They will regulate crypto businesses, the purchase and sale of cryptocurrencies, as well as their taxation. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Two Laws Being Drafted The Thai Minister of Finance, Mr. Apisak Tantivorawong, said … Read more

Large Glassware Plant in Siberia to Mine Bitcoin

The largest glass manufacturing plant in Siberia may soon start minting bitcoins. The management of the factory in Novosibirsk announced plans to invest in a mining farm. 11 million rubles will be spent in the first phase of the project to utilize surplus electricity and make use of empty spaces. Also read: Bitmain Opens Repair … Read more

US Economic Report Dedicates a Whole Chapter on Cryptocurrencies

The “2018 Economic Report for the President” has recently been published with a whole chapter dedicated to cryptocurrencies like bitcoin, ethereum, and the future of blockchain regulation. Also Read: Coinbase Granted E-Money License by UK’s Financial Conduct Authority New Innovations and Markets Presents America’s Regulatory and Legislative Institutions With Unique Challenges Every year the U.S. … Read more

Post-Cable Network Cheddar Launches TV Show ‘Crypto Craze’

On March 15 the post-cable network Cheddar announced it will be broadcasting a thirty-minute show about cryptocurrencies called ‘Crypto Craze.’ The show will explore investment strategies for digital assets like bitcoin, litecoin, and ethereum. Also read: South Korea Planning to Formally Allow ICOs Online Stock Brokerage Firm Sponsors a TV Show Called ‘Crypto Craze’ The online … Read more