Bitcoin Regulation

BREAKING: China May Cut Off Cheap Power To Bitcoin Miners?

9 months ago admin2 Comments Off on BREAKING: China May Cut Off Cheap Power To Bitcoin Miners?
Apparently, the general anti-Bitcoin stance of the Chinese government continues, with reports that the cheap hydroelectric power being used by the largest Chinese Bitcoin mining facilities may soon be a thing of the past, according to local media. The statement regarding the cessation of cheap mining electricity indicates that the Sichuan Electric Power Company has Read More

US Treasury Department Investigates Illegal Uses of Bitcoin

9 months ago admin2 Comments Off on US Treasury Department Investigates Illegal Uses of Bitcoin
US Treasury Department Secretary Steven Mnuchin announced that his department is conducting an investigation on the illegal applications of the leading cryptocurrency Bitcoin. He claimed that the probe is intended to ensure that the digital currency is not utilized for “unlawful purposes.” During an interview with Yahoo Finance as of early November 2017, the secretary Read More

ICO Vulnerable to Price Manipulation, Says SEC Head Jay Clayton

9 months ago admin2 Comments Off on ICO Vulnerable to Price Manipulation, Says SEC Head Jay Clayton
US Securities and Exchange Commission (SEC) chairperson Jay Clayton has claimed that the market for initial coin offerings (ICO) is very opaque and susceptible to price manipulation. He further stated that the digital tokens issued for startup or open-source project fundraising are already ripe for misconduct. In his speech at the Practicing Law Institute’s Institute Read More

Cryptocurrencies Face No Future Due to Their Anonymity, Says French Banking Exec

10 months ago admin2 Comments Off on Cryptocurrencies Face No Future Due to Their Anonymity, Says French Banking Exec
French banking major Societe Generale CEO Frederic Oudea says that the digital currencies like Bitcoin face an uncertain future because of their anonymity. He claims that the virtual currencies are unlikely to survive in the long term as governments around the world introduce steps to regulate them. In a CNBC interview on the sidelines of Read More

China Struggles to Lay Killing Blow to Bitcoin, Currency Thrives

10 months ago admin2 Comments Off on China Struggles to Lay Killing Blow to Bitcoin, Currency Thrives
China became the first country to take a hardline approach to ICOs, then moved on to Bitcoin and the exchanges that trade the digital currency. Despite these bold and brazen efforts, Bitcoin’s price is higher than ever, and the currency continues to be a factor in China. Where there’s a will there’s a way, and Read More

Ten Tax Tips for Cryptocurrency: Expert Blog

10 months ago admin2 Comments Off on Ten Tax Tips for Cryptocurrency: Expert Blog
No one wants to think about tax bills from the IRS, much less interest and penalties. But if you are one of the legions of people capitalizing on the wild west of cryptocurrency, you might need to. At the very least, you should occasionally stop to think about the IRS and taxes. Here are 10 Read More

SegWit2x Is Dead, Long Live Bitcoin! Price Hits All-Time High As Hard Fork Canceled

10 months ago admin2 Comments Off on SegWit2x Is Dead, Long Live Bitcoin! Price Hits All-Time High As Hard Fork Canceled
Bitcoin has reached a new all-time high of $7,888 as participants of the SegWit2x hard fork announce they have “suspended” it. A circular sent to the mailing list by major proponent Mike Belshe says that it was “clear” the project “had not built sufficient consensus for a clean blocksize upgrade at this time.” SegWit2x will Read More

TREZOR Will Require Users To Split Coins Themselves For SegWit2x Access

10 months ago admin2 Comments Off on TREZOR Will Require Users To Split Coins Themselves For SegWit2x Access
Bitcoin hardware wallet TREZOR has said it will allow users access to SegWit2x balances – if they manually split coins themselves. In a long-awaited statement on its position regarding the hard fork, TREZOR said it would issue a step-by-step guide for those users wishing to claim Bitcoin balances on both chains. “To safely split your Read More

Crypto Trading Platform Starts Accepting CNY – New Era for Bitcoin in China?

10 months ago admin2 Comments Off on Crypto Trading Platform Starts Accepting CNY – New Era for Bitcoin in China?
Two months ago, when Chinese regulator issued the “Seven Regulatory Bodies” Announcement and shut down the Bitcoin trading, the whole world thought that China Bitcoin gates were closing. Though optimists were claiming that Chinese government might free Bitcoin trading under certain circumstances in the future, nobody anticipated that the day is coming this soon. CNY Read More

Australia and China Sign Agreement for Financial Technology Cooperation

10 months ago admin2 Comments Off on Australia and China Sign Agreement for Financial Technology Cooperation
The China Securities Regulatory Commission (CSRC) and the Australian Securities and Investment Commission (ASIC) have signed a Financial Technology (fintech) cooperation agreement to advance innovation with each countries’ markets. Under the deal, the two regulators will share and utilize information on emerging market trends and developments to promote fintech innovations. According to CSRC chairperson Shiyu Read More