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Bitfinex, an exchange famed for its opaque banking arrangements, has begun ordering its users to submit their tax details. The platform, which is registered in the British Virgin Islands, a known tax haven, will retain this information and may share it with tax authorities in their customers’ jurisdiction. The news has caused quite a stir. … Read more
In an effort to get ahead of the next round of scams, the US Securities and Exchange Commission (SEC) created and published its own version of an initial coin offering (ICO) scam website. It’s a rather innovative way at approaching investor education in the brave new world of cryptocurrency. Also read: Federal Reserve Pres: People … Read more
Melissa Alsoszatai-Petheo, of Microsoft’s Bing search engine, announced its advertising arm is banning all cryptocurrency advertisements. This follows market leaders such as Google, Facebook, and Twitter either severely restricting crypto ads or banning them altogether. Also read: Ethereum Futures in US One Step Closer as CME Deal is Struck Microsoft’s Bing Search Engine Bans Crypto … Read more
St. Louis Federal Reserve President, James Bullard, was recently interviewed at this year’s Consensus conference in New York City. That a top US economic policy maker was in attendance is victory enough; however, he was asked his opinions on cryptocurrency going forward by CNBC Global Markets Reporter Seema Mody. He explained he found the phenomenon … Read more
The rush of big money into the cryptocurrency market is continuing at full pace and reshaping the global investment landscape. Two recent examples are Coinbase’s new institutional focus and Nomura’s new venture. These stories, and much more, are in today’s edition of Bitcoin in Brief. Also Read: NY Regulator Approves Bitcoin Cash, Zcash and Litecoin … Read more
The cryptocurrency based firm Circle announced it has raised $110Mn USD in a Series E fundraising round led by the Chinese firm Bitmain Technologies. Circle now joins Coinbase as one of the most well-funded cryptocurrency companies in the U.S., and the Boston-based firm has announced plans to issue a dollar-backed cryptocurrency called USD-C. Also read: Yahoo! … Read more
This week news.Bitcoin.com spoke with the team behind a new trading platform called Dex.top — a decentralized exchange built using a smart contract. According to the Dex.top developers the exchange has no access to a user’s private key and assets are never held on the Dex. This means, much like the cryptocurrency wallets out there … Read more
Ever worried about how will you be able to transact if your ISP (internet service provider) will try to prevent you from sending a transaction or will just not be able to due to a disaster bringing down the needed infrastructure? Setting up mesh networks, which can self-organize without a centralized control hub, is one … Read more
The Bitcoin Cash network has officially upgraded the blockchain protocol at approximately 1:54 EDT by extending the current block size fourfold from 8MB to 32MB. The consensus change is one of the largest block size increases in blockchain history, and the upgrade also adds the great knowledge of understanding Satoshi’s OP_Codes – which could add the … Read more
The slow but steady growth in the limited trading options available to American investors on regulated exchanges is the main focus of today’s edition of Bitcoin in Brief. Additionally covered are a surprise resignation, another ransomware attack, and much more. Also Read: Steve Eisman of ‘The Big Short’ Fame: What Value Does Cryptocurrency Actually Add? … Read more