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$Shapeshift Acquires Bitfract to Simplify Cryptocurrency Portfolio Diversification$

U.S. SEC Opens Investigation into Salt Lending and Former Director Eric Voorhees

November 18, 2018 by Aisshwarya Tiwari at Altcoins, Bitcoin, Business, Exchange, Finance, News, Regulation

Shapeshift CEO Eric Voorhees and cryptocurrency loans startup Salt Lending Ltd. is under investigation by the U.S. Securities and Exchange Commission (SEC) concerning its $50 million ICO in 2017, per a Wall Street Journal article, published November 15, 2018. SEC Seeks Clarity Regarding 2017 ICO Salt was founded in 2016...

Cryptocurrency Miners May Have to Pay More for Electricity in Chelan County

November 18, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Business, Mining, News, Regulation

There is little doubt that cryptocurrency mining is extremely power intensive, with particular emphasis on coins that still rely on the Proof-of-Work (PoW) consensus mechanism. Recognizing this, Washington State’s Chelan County Public Utility District (PUD) has proposed a rate hike for mining enterprises within the region. The county is currently...

German Crypto Exchange Bitcoin Group SE Acquires Investment Bank Tremmel

November 16, 2018 by Priyeshu Garg at Bitcoin, Blockchain, News, Platform, Regulation, Tech

German holding company Bitcoin Group SE has acquired a 100 percent stake in investment bank Tremmel Wertpapierhandelsbank GmbH, the company announced in a press release on November 13, 2018. Bitcoin Group SE Significantly Expands Its Service Portfolio Bitcoin Group SE has reached an important milestone in the expansion of its...

Swedish County Battles with Unpaid Electricity Bills Left by Bitcoin Mining Companies

November 15, 2018 by Priyeshu Garg at Bitcoin, Business, Finance, Mining, News, Regulation

The Swedish county of Norrbotten has seen the failure of not one, but two recent cryptocurrency mining initiatives, has two companies have disappeared leaving millions in unpaid electricity bills, Sverige Radio reported on November 13, 2018. Crypto Mining in Sweden Stalls as Companies Bail The prolonged bear market of 2018...

Bitcoin wallet in front of a computer screen jain

U.S. Trader Fined $1.1 Million and Sentenced to 15 Months for Commiting Bitcoin Fraud

November 15, 2018 by Aisshwarya Tiwari at Bitcoin, Crime, Finance, News, Platform, Regulation

According to a report by Bloomberg, published November 13, 2018, U.S. resident named Joseph Kim has been fined $1.1 million and sentenced to 15 months in prison for orchestrating fraudulent schemes related to bitcoin (BTC), and litecoin (LTC), thus duping his employer and several other customers of their money. Illegal...

The Marshall Islands Pushes ahead with State-Backed Cryptocurrency

November 15, 2018 by Cindy Huynh at Altcoins, Development, Finance, News, Regulation

Hilda Heine, the President of the Marshall Islands, recently survived her vote of no confidence. According to an article from Nikkei Asian Review’s published on November 13, 2018, Heine is pushing ahead with the plan to introduce Sovereign, the state-backed cryptocurrency for the Marshall Islands. Heine Survives the Vote of...

Israeli Cryptocurrency Mining Firm Files for Canadian IPO after 6,500 Percent Gains in Tel Aviv Stock Indices

November 15, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, News, Regulation

Last week, cryptocurrency mining company Bitfarms filed a preliminary prospectus with the Ontario Securities Commission (OSC) in a bid to offer public shares on one of Canada’s most prominent bourses, reported Calcalistech on November 12, 2018. Shifting to Booming Canada Bitfarms CEO Wes Fulford noted Canada has “one of the...

Isle of Man lighthouse overlooks the ocean

Isle of Man’s Financial Regulator IOMFSA Updates Crypto Business Registration Policy

November 14, 2018 by Aisshwarya Tiwari at Altcoins, Bitcoin, Blockchain, Development, News, Regulation

The Isle of Man’s financial watchdog the Isle of Man Financial Services Authority (IOMFSA) has revised its registration policy with regard to businesses operating in the cryptocurrency industry, reports Mondaq, November 13, 2018. Increased Supervision over Crypto Businesses According to the updated registration policy, with effect from October 5, 2018,...

B2BX Cryptocurrency Exchange Secures Estonian Blockchain License

November 14, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Exchange, Finance, News, Regulation

B2BX, a European digital assets exchange that supports major cryptocurrencies like bitcoin (BTC), ether (ETH), NEO (NEO), monero (XMR) and several others, has gotten approval from the Estonian Financial Intelligence Unit (FIU), making it one of the cryptoassets exchanges to be entirely regulated in crypto-friendly Europe, reported Finance Magnates on...

Cryptocurrency Exchange Zeniex Terminates Service after Government Crackdown

November 13, 2018 by Cindy Huynh at Altcoins, Bitcoin, Business, Exchange, News, Regulation

South Korean cryptocurrency exchange Zeniex will terminate its services due to increasing government pressure on unauthorized digital currency exchanges. According to Zeniex’s website post, published on November 9, 2018, the cryptocurrency exchange noted that operating amidst a government crackdown on the industry will be a challenging feat. Closing Down Due...

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