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Bitfinex ‘Copycat’ Lawsuit Withdrawn and Then Refiled in New District


Ifinex Inc, parent firm of Bitfinex, finds its ongoing legal troubles further complicated as a November lawsuit has been withdrawn by the plaintiff and refiled in a new district. The company, whose close affiliations with both the Bitfinex crypto exchange and stablecoin Tether have continually...

Telegram Rejects SEC Request to Hand Over Bank Records for TON


Telegram Group, the company behind the TON blockchain project, has reportedly refused to share information with the SEC showing how much it spent of the $1.7 billion raised from investors in the past couple of years and where. In a recent court filing, the securities regulator alleges that Telegram...

Don’t Blame China: Why BTC Still Can’t Compete With Fiat


In the wake of recent price movements, doubts are beginning to crop up more and more around BTC maximalist circles. As focus shifts from Satoshi’s founding vision of the coin as cash to a mere digital gold to be saved and “cashed out” later, valid questions are indeed raised....

Japan Pushes Cashless Agenda by Rewarding Non-Cash Payments After Tax Hike


Japan’s recent October sales tax increase took the rate from 8% to 10%, the previous such hike occurring in April of 2014, when the rate was raised from 5%. The increase is accompanied this time around by new government policy which rewards cashless payments by allowing merchants to provide...

IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In


The U.S. Internal Revenue Service (IRS) has issued long-awaited guidance on the tax treatment of cryptocurrencies. It is generally described by the crypto community as a mixed bag since some parts are useful while others have raised many more questions, particularly how cryptocurrencies from hard...

Another Settlement: ICO That Raised USD 120K, to Pay SEC USD 225K


After EOS developer Block.one said it has settled with the U.S. Securities and Exchange Commission, another blockchain project announced the same news today. Nebulous, the company building the Sia decentralized cloud storage network, said it has entered into a settlement with the SEC and agreed...

DappRadar Announces that it has Raised 2.3 Million Dollars in Seed Funding


The leading global platform for analyzing and discovering Dapp, DappRadar, has declared it has raised 2.33 million dollars in seed funding. Further, this investment was driven by a global internet group and one of the most prominent technology investors on the planet, Naspers, through its Naspers...

Complete Indian Draft Crypto Bill Leaked – Experts Weigh In


A draft cryptocurrency bill for India has been leaked in full, but details of the bill have raised some questions. News.Bitcoin.com talked to a number of experts in the field who shared their analyses of the bill’s content and its implications on the Indian crypto industry. Also read:...

Bitcoin Cash Community on Bitkan’s K-Site Raises Funds for BCH Development


Last year news.Bitcoin.com spoke with the cofounder of Bitkan, Fang Yu, about the company’s K-Site project, which acts as a decentralized media outlet, micro-blog and forum with rewards. Just recently, Bitkan spoke with news.Bitcoin.com about K-Site’s growth and how the platform’s...

JP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War


A ship seized by the U.S. Customs and Border Protection Agency in June carrying over 15,000 kilos of cocaine has now been tied to JP Morgan Chase’s asset management unit. Officially the company does not exercise any operational control of the vessel, but some serious questions are raised when...

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