Crypto Exchange Poloniex to ‘Spin Out’ from Circle

Poloniex, one of the earliest crypto trading platforms that targeted the US market will ‘spin-out’ from Circle. Despite the efforts to build a fully compliant market, Poloniex is shutting its doors for US-based traders from November. Polo Digital Assets, Ltd.…

Texas State Securities Board Charges Two Suspicious Crypto Firms

The Texas State Securities Board announced on Wednesday that it had completed the second regulatory crackdown on cryptocurrency services. The regulator’s Enforcement Division required two allegedly fake crypto firms to cease their activities. Bogus Crypto Firms Mislead Investors The Austin-based…

Singapore Man Faces 34 Years in Prison for Illegal Crypto Mining

A 29-year-old man from Singapore faces 34 years in prison after allegedly stealing Amazon AWS and Google Cloud computing power and services to mine crypto. Stole Victims’ Information to Mine Crypto Ho Jun Jia also known as Matthew Ho was…

Alipay and WeChat Bow to Beijing Refusing to Play With Crypto

The announcement that the world’s top crypto exchange had opened two new fiat on-ramps for China was bullish for overall adoption prospects. However, as expected the pressure of Beijing has been too much for the platforms which have already stated…

Coins From Crypto Hard Forks Create Taxable Income

The Internal Revenue Service released its newest FAQ and guidelines on taxing US nationals for crypto transactions. The updated guidelines may come as a surprise to those that once rejoiced because of hard forks and the “free” coins that came…

British Crypto Investigations Skyrocket 74% as Watchdog Proposes Derivatives Ban

Investigations into cryptocurrency firms by the UK Financial Conduct Authority (FCA) have surged by three-quarters this year, as the agency tightens the rein on the crypto sector. Scrutiny On the Rise According to research from Pinsent Masons, an international legal…

Crypto Giant Bitfinex Vigorously Disputes ‘Meritless and Mercenary’ Lawsuit

Cryptocurrency exchange Bitfinex announced on Saturday, Oct 5, that it expects to be prosecuted by an unknown party in a ‘meritless and mercenary lawsuit’. The Hong Kong-based exchange which has been embroiled in a number of controversies apparently got wind…

Multiple Traders Predict an Incoming Altseason in Crypto

Most cryptocurrencies other than bitcoin have been languishing in crypto winter for over two years. This is particularly true for alternative coins, or altcoins, in their bitcoin (BTC) pairs. Most have lost over 90 percent of their value from their…

Bitcoin Scores ‘Below-Average’ in NGO Crypto Adoption

Bitcoin has scored a below average level of adoption in the annual 2019 Global NGO Technology Report. The Global NGO Technology report evaluates the use of technology by non-governmental organizations (NGOs) worldwide, exploring how NGOs utilize various technologies to communicate,…

Google Quantum Computing A Huge Threat to Crypto

Joe Rogan briefly touched on cryptocurrency and the potential of Google’s so-called “quantum supremacy” in a recent podcast with comedian Roseanne Barr. She prompted the brief discussion of crypto when she predicted the future economy will be cashless: “There’s not…