Luxembourg’s Regulators warns against Cryptocurrencies and ICOs

The Luxembourg Financial Regulator C.S.S.F. issued a warning against investments in cryptocurrencies. In the official warning the authority notes that cryptocurrencies are not backed by any central bank and warns against the volatility of virtual currencies. It warned of the absence of consumer protection and the risk of theft since cryptocurrency exchanges may be vulnerable…

Israel Bars Crypto Firms from Tel Aviv Stock Exchange Indices

Israel’s securities regulator has said that cryptocurrency-related firms may not be listed on the Tel Aviv Stock Exchange indices. According to an announcement from the Israel Securities Authority (I.S.A.), the watchdog said it will bar the entry of public companies who mainly hold, invest in or mine cryptocurrencies from the indices, citing high volatility as…

Crypto Featured for First Time in US Congress Economic Report

A new report from Congress that dubs 2017 “the Year of Cryptocurrencies” calls for lawmakers and industry stakeholders to cooperate on the technology’s use. The 2018 Joint Economic Report – an assessment of the nation’s economic status and recommendations for the upcoming year – notably includes an entire section dedicated to cryptocurrencies and blockchain. This…

SEC Says ‘Dozens’ of Crypto Investigations Underway

A top official at the U.S. Securities and Exchange Commission has confirmed the existence of numerous investigations into initial coin offering campaigns. Stephanie Avakian, co-director of the SE.C.’s Enforcement Division, said the agency had “dozens” of investigations that relate to cryptocurrency, during an appearance at this week’s Investment Adviser Association conference in Washington, D.C. During…

Coinbase was charged with two class action suits

Coinbase was charged with two class action suits. The first lawsuit claims that Coinbase employees reaped huge gains by trading on nonpublic information regarding the support of Bitcoin Cash on the exchange. The second lawsuit discusses funds sent by Coinbase users via email to non-Coinbase users. Not all email transaction were redeemed, and questions have…

Binance Unveils Blockchain for New Crypto Exchange

Binance announced that it is launching a public blockchain to facilitate the creation of a new decentralized exchange. In addition, the company announced it would shift its Binance Coin to its own native blockchain. However, it’s unclear if there will be some kind of token swap for users who hold the exchange’s E.R.C. 20 based…

‘Cryptomatoes’ Fruit From Bitcoin Mining Heat

The co-founder of Czech cryptocurrency exchange Nakamoto X will launch a Blockchain startup based on growing edible crops from excess mining heat. Kamil Brejcha said staff had created bespoke housing for Bitcoin servers, which harnesses heat and sends it to greenhouses currently growing tomatoes. The project, which will soon be accompanied by a new business…

Coinbase adds a crypto Tax Calculator

Coinbase has launched a new gain and loss calculating tool as part of an effort to help its user base keep up with U.S. tax requirements. the calculator can be used to generate a report which outlines capital gains (or losses) on its platform, using a first-in-first-out accounting method. The tool comes with a few…