Bitcoin and Hacks: Bittrex to Face a $1 Million Lawsuit
Seattle based investor Gregg Bennett’s Bittrex account got hacked in a SIM swap incident. As the hackers seized control of the victim’s cell phone,...
SEC Drops the Hammer on Blockchain of Things Inc (BCOT)
The United States Securities Exchange Commission (SEC) has levied a fine of $250,000 on the Blockchain of Things Inc (BCOT).
The regulatory commission fined Blockchain...
Crypto Regulation? Andrew Yang Says YES
US Presidential hopeful Andrew Yang has disclosed that enacting transparent regulation for the crypto industry is the best option for the United States.
Cryptocurrency regulations...
Kik Vs SEC: Blockchain Association Intervenes
The US Blockchain Association has intervened in the Securities and Exchange Commission's (SEC) case against Kik.
In a federal court in New York, the Association...
Tanzania Central Bank Acts on President’s Cryptocurrency Directives
The central bank of Tanzania has revealed it is currently acting on President Samia Suluhu Hassan's directives on cryptocurrency.
The latest development from the Central...
Yes to 11 Bitcoin ETFs in the US
The SEC approved all 11 outstanding Bitcoin ETF applications today. The deadline for response was today thanks to the application from Cathie Wood's ARK...
Crypto Friendly US Representatives Create A Fintech Task Force
The US House of Representatives is launching a task force specifically for financial technology (fintech). This force will be called FinTech Task Force.
Announced in...
Russia’s Central Bank might Launch its own Digital Currency
At a student conference, Chairwoman Elvira Nabiullina said such a project may not be realized immediately. But various central banks, including Bank of Russia,...
Former Owner of the Wex Cryptocurrency Exchange Arrested in Italy
BBC Russia reports that Dmitri Vasilev, the former CEO the now non-functional Russian crypto exchange WEX, was arrested on Friday in Italy.
The WEX scam
The...
IRS Releases Tax Guidelines for Cryptocurrency
The U.S. Internal Revenue Service (IRS) issues new guidance in the form of a Revenue Ruling, which calculates taxes owed on cryptocurrency holdings.
The publication...