Italian Lawyers File Against Hacked Crypto Exchange BitGrail
Hacked exchange BitFrail will be declared bankrupt if lawyers representing the victims are successful in winning their case in an Italian court. This is yet another episode in a legal saga surrounding BitGrail, which began when a US class action was filed against the company in order to compensate victims for the loss of 17 […]
Major GPU Suppliers Show Increased Profits from Bitcoin Mining
Recent figures released by Global GPU producers have shown that demand for products related to blockchain and cryptocurrency mining is on the rise, and company stocks and profits have benefited as a result. Processing and chip units giant Nvidia and computer tech company AMD are two of the world’s biggest GPU producers and both companies […]
A Positive Voice with Crypto Under Microscope at New SEC Hearing
The US Securities and Exchanges Commission‘s (SEC) Division of Corporation Finance met on 26 April in order to discuss the development of an approach towards addressing token sales and their classifications. The SEC has argued in the past that virtual tokens distributed through initial coin offerings (ICOs) should be deemed as securities. This would subject […]
When in Rome: Warning to Overseas ICOs from Aussie Regulators
The Australian Securities and Investments Commission (ASIC) Commissioner John Price has announced that the securities watchdog plans to extend guidelines for initial coin offerings (ICOs) in accordance with Australian Law. In a fintech event in Sydney last week, Price revealed to the audience that updates are in the pipeline which will affect overseas ICO fundraising […]
French Introduce Massive Drop in Crypto Tax After Appeal
The French government has announced that it has significantly lowered the tax rate for gains generated by cryptocurrencies after a Conseil d’Etat (Council of State) decision this week. Gains from the sale of cryptocurrencies were previously labeled as industrial and commercial profits under French tax law and therefore could have up to as much as 45% […]
Bitcoin Price Analysis, 27 April 2018: Bitcoin Prices Jump Back Above $9,000
Bitcoin once again came on a rising trail with prices spiking above USD 9,000 levels. This time though, BTC/USD markets continued taking consideration and ultimately showed some support for the price rise, with trading volumes also experiencing an increase across exchanges. Notably, there seemed to be a positive reception for such a rise in Bitcoin’s […]
