Indian Cryptocurrency Exchanges Plan to Maintain Shared User Database

277 0 Bitcoin exchanges, rattled by the finance minister terming the cryptocurrency as illegal tender, are planning to create a central repository of users that will help create and maintain a real-time record of transactions. The purchase data of buyers and sellers of the virtual currency can then be traced through either the Aadhaar ID […]

Warren Buffett’s deputy wants ‘Stupid Bitcoin destroyed’ and demands Crackdown

191 0 Charlie Munger, 94-years-old, is an extremely successful Chairman of the Daily Journal Corporation, but he criticised the digital currencies while addressing a crowd during a two-hour meeting in downtown LA. In answering a question from an eager listener he criticised the increasing interest in cryptocurrencies as stupid. He said: “I regard the Bitcoin […]

Half of the Large British Businesses Hold Stockpiles of Cryptocurrency

208 0 A new research commissioned by software developer Citrix (NASDAQ: CTXS) has found that 50% of large British businesses have stockpiles of cryptocurrency. The study, which was carried out in partnership with One Poll, surveyed 750 IT decision makers within large UK businesses of 250 employees or more. It found that those businesses hold […]

60 Million Android Users Hit By Cryptocurrency Miner

218 0 A new malvertising campaign is targeting Android users, forcing their phones to mine cryptocurrency, for as long as it can keep them captive on a shady website. Malwarebytes Labs, a Santa Clara, California-based security firm, discovered the scheme, then wrote about it on the company blog. According to security researcher Jérôme Segura, the […]

SEC suspends trading of three companies with ties to cryptocurrency

231 0 The Securities and Exchange Commission on Feb 15th suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. The temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of Cherubim […]

Soros’ fund buys shares of cryptocurrency play Overstock.com, while dumping Facebook

180 0 George Soros’ investment fund has bought a large amount of stock in Overstock.com, a company that has seen its share price surge after announcing a cryptocurrency trading product.  Shares of Overstock have risen over 200 percent in the last year after the company announced plans to jump into the digital coin-trading business in […]

India based ICOs unfazed despite the recent crypto slump

260 0 Amidst the volatility of the crypto markets and the uncertainties over the regulations regarding them, Indian start-ups are not shying away from raising funds via ICOs.  But because of regulatory uncertainties in India over crypto-currencies and ICOs, domestic start-ups prefer conducting their offerings in places such as the Cayman Islands, Switzerland and Singapore. […]

U.S. states with positive attitudes have advanced towards bitcoin legalization

176 0 Several bills that recognize bitcoin and other cryptos as currencies have been making their way in the Arizona State Legislature. Two of them, SB1091 and SB1145, will regulate income tax payments with cryptocurrency. One of them has already passed the Senate Finance Committee in mid-January. Another bill (HB2601) is expected to regulate crowdfunding […]

White House Official says crypto regulations will take more time

210 0 Speaking with CNBC at the Munich Security Conference, White House cybersecurity coordinator and special assistant to the president Rob Royce offered the dour assessment amidst a recent flurry of discussion on cryptocurrency regulation, which is playing out between Senate hearings, enforcement actions and public op-eds. Echoing previous comments from U.S. Treasury Secretary Steve […]

Swiss finance regulator FINMA publishes ICO guidelines; some tokens to be treated as security

177 0 Switzerland’s finance regulator, the Financial Market Supervisory Authority (FINMA) did a press release notifying that new guidelines for ICOs have been published.  The guidelines set out how FINMA intends to apply financial market legislation in handling enquiries from ICO organisers and also define the information the regulating body requires to deal with such […]