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cryptocurrency June 4, 2018

LevelNet is the latest cryptocurrency company to be investigated as part of “Operation CryptoSweep.” Advertisements The Vermont Department of Financial Regulation issued a cease-and-desist order to crypto startup LevelNet over suspicion of violating Vermont’s Uniform Securities Act. LevelNet bills itself as an informational security network hoping to develop a platform that “enables participants to share […]

cryptocurrency June 1, 2018

The New York legislature is considering a bill that would establish a taskforce to study and make recommendations regarding crypto and other digital currencies. This action follows the New York Attorney General creating the Virtual Markets Integrity Initiative and a slow rollout of the BitLicense. Advertisements The legislature in New York is currently considering a […]

cryptocurrency June 1, 2018

Not wanting to miss the crypto boat, Québec’s government decided to resume selling power to crypto mining companies ahead of schedule. Advertisements On Wednesday Le Journal de Montréal reported that the March 2018 ban on selling electricity to cryptocurrency miners has been lifted. This comes sooner than the 90-day expiration date originally set for the […]

cryptocurrency June 1, 2018

It was all a dream. After drawing rebukes from banking authorities, including the ECB president and Estonian central bank governor, Estcoin appears dead in the water. Advertisements In the cryptocurrency echo chamber, social media users – and reporters – sometimes exaggerate claims of government adoption. As a journalist, it’s difficult to walk the line between […]

cryptocurrency May 31, 2018

BitBay is moving to Malta as Polish banks refuse to continue doing business with the exchange. Advertisements Prominent Polish cryptocurrency exchange BitBay announced Tuesday that it will cease operations and trading in Poland, and move to the Republic of Malta. According to BitBay, the last Polish bank that was still offering services to the exchange […]

cryptocurrency May 31, 2018

Following a pilot program in West Virginia, the Brookings Institution has released an article encouraging states to expand the use of blockchain technology in elections. Advertisements In a piece released yesterday, two Brookings Institution fellows, Kevin C. Desouza and Kiran Kabtta Somvanshi, argued for an increased use of blockchain technology in elections. Coming from the […]

cryptocurrency May 31, 2018

High-ranking government officials continue to speak out on the possibility of central bank digital currencies. Advertisements In the last several days, officials from Hong Kong and the UK have weighed in on the possibility of their jurisdictions issuing central bank digital currencies (CBDCs). Following a series of blockchain-related questions from legislator Dennis Kwok, Hong Kong’s […]

cryptocurrency May 31, 2018

Portugal’s Autoridade Tributária e Aduaneira has published guidelines for how value-added tax regulations may be applied to initial coin offerings. Advertisements Portugal’s Tax and Customs Authority, or Autoridade Tributária e Aduaneira (AT), published guidelines (in Portuguese) of how certain tokens could be taxed. The publication came in response to a company that is planning an […]

cryptocurrency May 31, 2018

After compromising the personal information of approximately 90,000 customers at two Canadian banks, hackers demanded $1 million of XRP for the supposedly safe return of the data. While we’ve grown more accustomed to bitcoin-based ransoms, criminals may be attracted to the liquidity in the altcoin market and the lax KYC protocols on some of the […]