Senate Releases Testimonies Ahead of Crypto Hearing

A day before a landmark hearing, a day with screaming headlines about the US stock market’s historic dump, not to mention bitcoin’s 65 percent fire sale, the United States Senate released formal testimony of Chairs from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). Heads of both entities will testify Tuesday … Read more

Market Risk Advisory Committee: Bitcoin Futures Self-Certification Works

Bitcoin futures regulators met for their first Market Risk Advisory Committee (MRAC) of the new year, and it was dedicated exclusively to cryptocurrency futures. An advisory body to the US Commodities Futures Trading Commission (CFTC), the not-quite two-year-old group held its only public meeting on the issue since bitcoin futures went live in December of … Read more

PR: 3D-Token ICO – 3D Printing Robots’ Network Expansion Started

Simone Paschetto, Politronica’s 3D Printing Robots Network Manager, the Company running on the back of 3D-Token ICO: “Right now I am really very excited; our Projects is meeting great success and our Robot’s Network International Development Campaign officially started. We already received several requests by new candidates to become Network Members, from United States, Canada, … Read more

Why Venezuela’s New National Cryptocurrency El Petro Will Fail

Washington and legacy media are in a tizzy about Venezuela reportedly thwarting international sanctions by way of a dreaded state-backed cryptocurrency. A closer look reveals several stumbling blocks for the Bolivarian Republic: nonexistent reserves, hyperinflation, centralization, and the impossibility of actual redemption. The attempt will fail, if it’s ever rolled out, adding woes to a region … Read more

Discover Card’s 44 Million Customers Denied Crypto

The credit card company crypto squeeze continued this week with Discover Card announcing it would not allow its customers to use their card on cryptocurrency exchanges. It’s the latest in a string of credit card purveyors to block access. Also read: Tezos Swiss Foundation Concept is “Old, Inflexible and Stupid” Discover Card Removes Doubt: No Crypto … Read more

United States of Bitcoin: Illinois Gives Crypto Love While Other States Hate

The United States continues to divide over the issue of cryptocurrency generally and bitcoin in particular. Idaho and Alaska issued crypto investment warnings, while Iowa’s Insurance Division cautions against the digital asset’s “high risk,” and Utah announces “scam” scares. Illinois bucks the worrywarts, however, and is instead crafting legislation that would welcome crypto businesses and … Read more

China’s Bruno Wu Takes Controlling Interest in Licensed US Crypto Exchange

Chinese cloud-based solutions service, Seven Stars Cloud Group, Inc. (SSC), announced this week its 27 percent purchase stake of US crypto blockchain exchange Delaware Board of Trade Holdings Inc. (DBOT). SSC is owned and run by entertainment mogul Bruno Wu, who many analysts believe is trying to get in on the near-half a trillion cryptocurrency … Read more

Centra ICO Faces Class Action Lawsuit, Accused of Violating US Securities Laws

Centra, an initial coin offering (ICO) noted for having been promoted by Floyd Mayweather, is now facing a class action lawsuit. The ICO is accused of violating securities laws by misrepresenting the cryptocurrency as comprising a utility-based token. Also Read: Trading Bitcoin for an Altcoin Won’t Shield You From the IRS Anymore The Suit Has Been … Read more

Trading Bitcoin for an Altcoin Won’t Shield You From the IRS Anymore

Any American bitcoin investors who were hoping to avoid paying taxes for their profits this year by trading them for altcoins are in for an unpleasant surprise. New regulations have been tailored specifically to make sure U.S. taxpayers can’t use this method to avoid giving the IRS their cut. Also Read: South Africa Wants to … Read more

Crypto to Take Center Stage at G20 – “Need to See How We Can Regulate Bitcoin”

French Finance Minister Bruno Le Maire announced on Sunday December 17th that the next Group of 20 (G20) meeting would include discussion about how to regulate the world’s most popular cryptocurrency, bitcoin. The digital asset hasn’t ceased in making news all year, and European politicians appear more concerned in direct proportion to its price increase, … Read more