The U.S. Securities and Exchange Commission has reportedly subpoenaed the cryptocurrency investment fund launched last year by TechCrunch founder Michael Arrington. Speaking to CNBC, Arrington confirmed the subpoena, which comes amid what is rumored to be a widening investigation into…
Author: Leo Henry
Don’t Ban Crypto, Says Former FDIC Chief Sheila Bair
The former chairperson of the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits in the U.S., says that cryptocurrencies shouldn’t be outlawed. According to a new interview published by Barron’s, Sheila Bair suggested that while bitcoin and other cryptos lack an…
Germany Won’t Tax You for Buying a Cup of Coffee With Bitcoin
Germany won’t tax bitcoin users for using the cryptocurrency as a means of payment, the Ministry of Finance has said. The guidance, published Tuesday, sets Germany apart from the U.S., where the Internal Revenue Service treats bitcoin as property for…
Bill Gates’ ‘Nonsense’ Crypto Comments Draw Twitter Ire
Microsoft co-founder Bill Gates took aim at cryptocurrencies during a Reddit “Ask Me Anything” session Tuesday – much to the ire of some social-media commentators. Responding to a question about cryptocurrencies, the world’s second-richest man said the ability of governments…
Hacker Returns $26 Million in Ether Months After ICO Theft
A hacker who stole more than 43,000 ether tokens from would-be investors in CoinDash has returned a majority of the funds to the startup. The company reported that the thief returned 30,000 tokens over two different transactions, the first in…
What to Look for in ICO Terms and Conditions
Peter Khokhlov, Brian Konradi, and Andrei Danilov are lawyers and co-founders of Incremint.io, which is planning a token sale. This article does not constitute legal advice. Terms and conditions (or T&Cs), the timid cousin of the white paper, are an…
Will Lightning Help or Hurt Bitcoin Privacy?
Faster, cheaper bitcoin transactions? Check. But at what cost? For bitcoin users, many of whom were drawn to cryptocurrency for its promise of financial sovereignty, bitcoin is still synonymous with privacy. But the gap between the vision and the reality,…
Video Game Giant Ubisoft Is Exploring Blockchain Use Cases
French video game publisher Ubisoft is exploring potential applications of blockchain in its Strategic Innovation Lab, which studies emerging technologies and their use cases. Lidwine Sauer, the Lab’s director of trends and insights, told the gaming news site IGN that Ubisoft…
French Regulator Says No to Online Crypto Derivatives Ads
France’s stock market regulator released a statement about cryptocurrency-tied derivatives on Thursday, which includes a curb on the advertising of such products. In its statement, L’Autorite Des Marches Financiers (AMF) said that trading platforms should not be allowed to market…
Venezuela’s Cryptocurrency Is Here, But Who’s Involved Isn’t Clear
There’s a flurry of information coming out of Venezuela this week about its new national cryptocurrency, the petro, though a full picture of the project has yet to emerge. Indeed, despite the press conferences and Twitter campaigns, one of the…