Category: Uncategorized

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 Want Dollar, Not Volatile Crypto SEC Posts ICO Scam Site “Combining the two most growth-oriented segments of the digital economy,” the mock SEC website reads, “blockchain technology and travel, Howeycoin is the newest and only…

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Thailand’s Revenue Department has announced that it will waive the 7% value-added tax for individual cryptocurrency investors. The country began regulating digital currencies and initial coin offerings on Monday, putting the Thai Securities and Exchange Commission (SEC) in charge of the regulations. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space VAT Exemption The decree to provide the legal framework for cryptocurrencies and initial coin offerings (ICOs) in Thailand went into effect on Monday. Cryptocurrency transactions are currently subject to income tax for both private companies and individual investors, Nation…

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Bitcoin is set to find new legitimacy in the European Union as member states agreed to force cryptocurrency exchanges within its jurisdiction to collect identification data on their users in an effort to prevent money laundering.  Legitimizing Bitcoin and Cryptocurrency in the EU Both cryptocurrency exchanges and online wallets operating in the European Union’s jurisdiction are now required to carry out the exact same know-your-customer (KYC) checks as traditional banks. The regulatory move comes as the European Union continues its widespread attack — which also sees changes and regulation affecting areas of…

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It’s customary for cryptocurrencies to pump after securing a Binance listing. Every week a handful of tokens enjoy the “Binance bounce”, gaining as much as 50% in a matter of hours. Trueusd (TUSD) was meant to be different though. It’s a stablecoin whose job is to stay as close to the US dollar as possible. And yet, when Binance announced that it was adding TUSD, the unthinkable happened. Also read: Circle Raises $110Mn With Plans to Launch USD-Backed Coin How Trueusd Became a False Stablecoin Stablecoins are a burgeoning industry, with…

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LedgerX has introduced a Bitcoin savings product licensed by the CFTC. The Bitcoin asset management platform has designed this new product to cater to long-term hodlers. The LedgerX Bitcoin ‘Call Overwrite’ Launched on May 15th, the LedgerX Bitcoin savings account enables investors to earn a fiat-based yield on their Bitcoin holdings. Instead of hodling in the hope of a significant price increase, savers can now earn revenue from a call overwrite. Usually, overwrite contracts are for assets that are deemed to be undervalued or overvalued. The trader overwrites calls if the…

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Bing is now hopping on the cryptocurrency ban bandwagon, joining Facebook and Google in not allowing any advertising for crypto-related products, as well as unregulated binary options. The search engine of Microsoft, Bing, will no longer be displaying ads for the cryptocurrency space. The banning includes cryptocurrencies, crypto-related products, and unregulated binary options. The decision comes as a change envisioned in the company’s policy regarding financial products and services, and it shall take partial effect in June followed by a fully-fledged ban at the end of June or beginning of July.…

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It seems that the creator of the Avalon Bitcoin ASIC mining hardware has taken moves to secure a stock listing spot on the Hong Kong stock exchange. The company, usually known as Canaan, is seeking for $1 billion in IPO funding. Canaan Creative, better known for their Avalon ASIC lineup in the cryptocurrency community, has just confirmed that they have a plan to facilitate a one billion dollar IPO. For those who are unaware of what an IPO is, IPO stands for an initial public offering, which is essentially the traditional…

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Bitcoin Core developer Johnathan Corgan has joined Jimmy Song in criticizing the seeming lack of Bitcoin focus at this week’s Consensus 2018 conference. Corgan: Blockchain ‘Bashing’ Bitcoin In a long series of tweets summarizing the event, which ends May 16, Corgan highlighted what he described as “cargo-cult engineering” taking preference among speakers. “It’s like all the popular kids (Blockchain) are publicly bashing the geeks and nerds (Bitcoin) while privately trying to copy their homework,” he wrote Tuesday. Educator Jimmy Song had been first to publicly pan some aspects of Consensus,…

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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Essentia, the decentralized protocol framework, has just announced details of its public token sale following the completion of their successful pre-sale. Essentia has implemented KYC/AML verification ahead of the public sale so participants wishing to contribute to the token generation event must follow the verification…

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Circle, a startup payments company backed by Goldman Sachs, is set to launch a cryptocurrency with a value pegged to the U.S. dollar — similar to Tether (USDT) — after announcing a $110 million investment round dominated by cryptocurrency mining giant Bitmain.  A ‘Compliant Alternative’ to Tether Goldman Sach-backed fintech startup Circle has announced its plans to launch a cryptocurrency pegged to the U.S. dollar, following an incredibly lucrative investment round dominated by cryptocurrency mining monopoly Bitmain. The new dollar-pegged cryptocurrency sounds a lot like Tether (USDT), an occasionally controversial…

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