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“# Dash objects to ShapeShift culling of privacy coins ” Cryptocurrency exchange ShapeShift recently delisted three privacy coins: Dash, Zcash (ZEC) and Monero (XMR). This was an unexpected move to say the least, given the exchange’s historic commitment to privacy. As a noncustodial platform, Shapeshift did not impose user identification requirements on traders in its early…
“# Listed firm sells $14M of shares for 1 EH/s in Bitcoin mining power ” The Nasdaq-listed Bitcoin (BTC) mining company Bit Digital has announced it will issue $13.9 million in shares in exchange for mining hardware. According to a Nov. 11 announcement, Bit Digital has inked asset-purchase agreements with non-U.S. investors to issue 4,344,711…
“# OCC is too caught up in crypto under former Coinbase exec, congresspeople say ” Brian Brooks, the former Coinbase executive turned leader of the U.S. Office of the Comptroller of the Currency, or OCC, recently received a letter from multiple members of Congress expressing concerns over his crypto-heavy leadership. The letter, from Stephen Lynch…
“# SEC should declare XRP a security, says Peter Brandt ” Veteran trader and chart analyst Peter Brandt is the latest figure in the cryptocurrency community to dispute the regulatory status of XRP. According to the chartist, XRP — the fourth largest cryptocurrency at publishing time — is a security, which means that the coin…
“# U.S. law firm says IRS is coming after Coinbase users who evade taxes ” The Tax Law Office of David W. Klasing, a boutique California tax firm, has issued a public release warning investors that the United States Internal Revenue Service is getting serious with Coinbase users. The firm’s dual-licensed tax lawyers and capital…
“# Cuba’s exploding crypto interest comes amid an absence of regulation ” Cuba is seeing an influx of cryptocurrency activity amid an apparent absence of related regulation in the country, according to senior executives at local crypto firms. In early November, Cuba recorded a major spike in Bitcoin (BTC)-related Google queries, indicating an increase in…
“# New patent-holder wants $18M a month from US Bitcoin ATM operators ” Puerto Rico-based blockchain and robotics firm Bots Inc has announced it is exploring its options with “a major law firm” to launch litigation against firms operating Bitcoin ATMs across the United States. Two weeks ago the company acquired a patent for protocols…
“# Biden taps crypto-savvy former CFTC chair for transition team ” Less than four days after his official acceptance speech, Joe Biden has already begun assembling a team including the former chairman of the Commodity Futures Trading Commission as part of his transition to the 46th President of the United States. According to a Nov….
“# US central banker urges digital dollar development ” President of the Dallas Federal Reserve Robert Kaplan believes the US central bank should begin work on a digital currency immediately, a clear indicator that some policymakers view this as an urgent matter. Speaking Tuesday at a virtual conference hosted by Bloomberg, Kaplan reportedly said: “It…
“#Russia claims spy stole from White House, NATO during career” The Kremlin claims it had a superspy who posed as an artist and stole secrets from the White House, FBI, CIA and NATO during a 32-year career that earned him the designation of “Hero of Russia.” The details of Yuri Shevchenko’s life as an undercover…