Monthly Archives: March 2018

French Financial Regulator To Introduce Framework Legitimizing ICOs In Policy U-Turn

The French financial markets regulator AMF will introduce a regulatory framework to legitimize ICOs with a focus on investor protection. French financial markets regulator AMF (l’Autorité des marchés financiers) is reportedly preparing to introduce legislation on Initial Coin Offerings (ICO) to encourage the development of the new type of fundraising in the country, reports local news outlet Les Echos March 15. The French Ministry for the Economy and Finance confirmed that the regulatory framework proposed by the AMF would recognize ICOs as a legitimate means of investment. […]

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The ‘Mt Gox Whale’ Explains His Crypto-Selling Strategy

On March 17 the Mt Gox bankruptcy trustee Nobuaki Kobayashi revealed some critical information about how he’s been selling the BTC and BCH he has in his possession. The news may comfort those who believe the remainder of the Mt Gox sales will crash the market. According to Kobayashi he has been consulting cryptocurrency experts and selling in a manner that would avoid affecting the market price. Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining The ‘Mt Gox Whale’ Sold BTC and BCH Between December […]

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Paypal Users Receive Cryptocurrency Warning Email

This week Paypal users reported receiving an official-looking email from Paypal, warning users about “activity [involving] the trading or transfer of crypto currency [sic] which is prohibited under our Acceptable Use Policy,” asking the receiver to “cease any activity that results in the trading or transfer of crypto currency.” Also read: Since Embracing Bitcoin, Robinhood App Value Jumps to $5.6 Billion Paypal Users Receive Cryptocurrency Warning Email “I am a PayPal user,” David Veksler of the Foundation for Economic Education and The Atlanta Bitcoin Embassy explained to News.Bitcoin.com. […]

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Hacked Exchange Coincheck Drops Three Anonymity-Focused Coins After FSA Inspection

Coincheck, which suffered an over $500 mln hack of NEM in January, will stop handling three anonymous coins. Japanese crypto exchange Coincheck will stop handling anonymity-centered cryptocurrencies Monero, Dash, and ZCash in the aftermath of the major January hack when $534 mln worth of NEM was stolen from the exchange, Cointelegraph Japan reported today, March 17. The three anonymous currencies will reportedly be bought by Coincheck from customers at a fixed price. The Japan Times added that Coincheck is also considering accepting transfers of the currencies from […]

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New York Power Companies Can Now Raise Rates for Bitcoin Miners

The state of New York may be a difficult place to set up a mining venture in the region as lawmakers have ruled that power companies can raise their electricity rates if miners choose to use the state’s hydropower. Also Read: From ‘Attack’ to ‘Optimization’ — Slush Pool Reveals ASIC Boost Compatibility Charging Higher Electricity Rates to Cryptocurrency Companies The New York State Public Service Commission (PSC) has decided to allow municipal electricity providers the ability to raise rates for bitcoin miners and data centers. The reason NY […]

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Luxembourg’s Financial Regulator Issues Warning Against Cryptocurrencies and ICOs

Luxembourg’s Financial Regulator CSSF has issued a warning about the risks of investing in cryptocurrencies and ICOs. The Luxembourg Financial Regulator CSSF issued a warning against investments in cryptocurrencies and ICOs (Initial Coin Offering), Cointelegraph auf Deutsch reported today, March 17.   In the official warning the authority notes that cryptocurrencies are not backed by any central bank, and warns against the volatility of virtual currencies, stressing that deals are often not entirely transparent and business models are incomprehensible. It warned of the absence of consumer protection […]

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Consumer Complaints Rise 669% After Crypto Prices Decline

Just recently a consumer research group called Valuepenguin did an analysis on complaints filed with the Consumer Financial Protection Bureau (CFPB) between June 1, 2017 and March 1, 2018. According to the study, after the significant 50-60 percent downturn in cryptocurrency values, consumer complaints surged by 669 percent. Also Read: Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange Crypto-Consumer Complaints Rise by 669% Cryptocurrencies reached all-time highs last year and BTC/USD markets touched $19,600 per coin on December 16th. Since then a lot has changed […]

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PR: The Man Who Sold His House for Bitcoin Has Joined the MoneyToken Advisory Board

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. Didi Taihuttu, also known as “the man who sold his house for bitcoin”, has joined the MoneyToken advisory board. Didi brings to MoneyToken a wealth of experience in cryptocurrency, and has been mining and trading in cryptocurrency assets since 2011 – but […]

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Breaking: Trustee Of Infamous Mt. Gox Denies BTC, BCH Sales Affected Crypto Markets

The infamous, now defunct Mt. Gox exchange has published a new update denying its trustee caused a dip in crypto markets selling BTC and BCH to pay back creditors. The trustee of Mt. Gox – a once major and now defunct Bitcoin exchange – who reportedly sold over $400 mln in Bitcoin (BTC) and Bitcoin Cash (BCH) around the new year – has stated that he does not believe the sales affected market prices of BTC or BCH, according to a report released today, March 17. Today’s […]

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US Court Shuts Down Promoters of Three Deceptive Crypto Schemes

A U.S. federal court has placed a restraining order on and frozen the assets of four alleged promoters of deceptive schemes involving cryptocurrencies at the request of the country’s Federal Trade Commission. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies US Court’s Order The U.S. Federal Trade Commission (FTC) announced on Friday that a federal court has shut down “promoters of deceptive cryptocurrency schemes” at its request. The FTC is an independent agency of the U.S. government. Its goal is to promote consumer protection […]

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