The last week of November was about the SEC's taxes, regulation, and compliance for Bitcoin and the broader cryptographic ecosystem.
Great Headlines
Sirin Labs launches the FINNEY:
The first blockchain phone on the market, the FINNEY, launched at an event in Barcelona on Thursday. Josiah Wilmoth of CCN was at the scene. The phone, its dApp store and the native integration of blockchain are wondering if Crypto has finally arrived.
OHCRYPTO: Ohio State Government adopts Criptomoneda:
Ohio State Treasurer Josh Mandel defended his state's decision to allow tax payment through Bitcoin on Bloomberg news. At the beginning of the week, the state had announced the change, complete with a web portal to do so. Crypto critics commented that the measure was not a total hug from the Criptomoneda because the state used BitPay, while traditional finance critics expressed concern about the "ease of use" of using Crypto. Anyway, Ohio is the first of these United States to take a step of this type, one that Mandel calls "small ". Does that mean that Bitcoin is becoming a "real" currency?
The vulnerability of the NodeJS module compromises Copan and tons of other web portfolios:
A vulnerability in an ascending NodeJS package puts millions of Bitcoin addresses at risk through "What can objectively be called social engineering, laziness and Incompetence ". CCN asks why BitPay, who was based on this module and on several others, not only contributes more to the packages on which it is based or branches, and imports the updates at the local level.
Bitcoin SV sees a rebound of 48%:
Bitcoin SV presents itself as a more serious competitor this week since the market recognizes its efforts in a rebound of 48% in the midst of the general fall of the market. Analysts believe Big Bitcoin will be idle for a while yet. HODLers not affected.
Treasury lists and bans Bitcoin addresses as part of sanctions:
For the first time this week, the U.S. Treasury specifically banned some bitcoin addresses for interactions with people from the U.S. It is important to note that it is already illegal according to existing sanctions for anyone in the United States. That performs most business types with Iranian or Iranian citizens, so the Bitcoin address list is only noticeable because it is the first time, and does not mention a payment method. The Treasury listed the addresses of two Iranian men by designating them as particularly incapable of doing business with people in the United States, which means that, in the event of elimination of sanctions, these people remain persona non grata. The Bitcoiner Anonymous responded by sending a little bitcoin with political messages to the addresses.
Bulgarian authorities seized $3 million in Bad start Crypto:
David Hendeyin of CCN covered the Bulgarian seizure of about $3 million in cryptocurrency obtained illegally. He wrote: "The case highlights the increasing capacity of Governments and regulators to track Criptomonedas's transactions while seeking to close down all loopholes that allow money laundering, tax evasion and terrorist financing. In September, CCN reported that blockchain Diar research company published data showing that U.S. government agencies have collectively spent $5.7 million on contractors conducting blockchain analyses, implying Link the identity of an individual with his/her Criptomoneda funds ".
The judge tells the SEC that they did not prove that Blockvest ICO is a security:
In what could constitute a legal precedent, a California federal judge told the SEC that it had not properly proven that Blockvest was a guarantee under federal law. This does not mean that Blockvest is free of problems, simply that the court order and the freezing of its assets will not be carried out before the conviction. Of the report, "in a brilliant defense, Blockvest claimed that his tokens were only used to test the exchange, nothing more. The flesh and potatoes of the defense were also that most of the people who "invested " were friends well known to defendant Reginald Buddy Ringgold III, and that the claims they had made online regarding the levy of "$2.5 million " were Too optimistic, was based on a single investor, and that that agreement had failed. "
DJ Khaled and Floyd Mayweather were formally charged with fraudulently promoting the ICO:
Samantha Cheng, of CCN, detailed the charges (and agreements) against Floyd Mayweather and DJ Khaled, who had promoted the ICO of Centra Tech last year and refused to tell Nadi (e) who were paid promoters, among other questionable activities. Khaled and Mayweather were not obliged to admit irregularities in the agreement, which amounts to a total of $767.500 between them.
French regulators get angry with bitcoin retailer:
The French version of the SEC was offensive against a new cryptographic company in France that aims to sell Bitcoin in retail stores nationwide at the beginning of 2019. The measure follows the reports in the cryptographic space that the new company, KeplerK, had received the explicit approval of an affiliate of the same organism.
Israeli businessman Moshe Hogeg accused of misuse of OIC funds:
Mark Emem, of CCN, reported on allegations against the famous Israeli Krypton Moshe Hogeg, who is accused of depleting funds from two companies backed by the OIC and therefore , to declare them insolvent. Of the report: "As a result, 17 people claiming to be shareholders of IDC Investdotcom Holdings, the company associated with Hogeg and which is more popularly known as Invest.com, have filed a petition to liquidate the company. A temporary liquidator was later appointed by a court in Tel Aviv, according to The Times of Israel. "Hogeg denies the accusations and filed a counter-claim.
Crypto Exchange News
With a Bitcoin ETF still in the distant future, cryptographic exchanges remain dedicated to facilitating traditional capital inflows into volatile cryptographic markets. Meanwhile, the president of Waterchain told Forbes readers that Crypto will create a whole new economy, and a high-ranking NYSE authority said that Crypto is not going anywhere.
Coinbase adds Ethereum Classic and Zcash:
Coinbase added Ethereum Classic, the Ethereum whose chain of blocks never forked strongly in response to DAO's attack. They also added Zcash, but apparently it didn't help ZEC much.
HBUS launches the cheeky Billboard campaign:
HBUS, a member of Huobi, launched a billboard campaign in California that touts itself as "evolved " while "coin Base " (consider space) is known as the Homo erectus of the Trade.
Nasdaq announces bitcoin futures market:
in a major precursor, Nasdaq has said it will launch a "transparent and regulated" Bitcoin futures market at the beginning of 2019. Nasdaq will not be the only one in this space early next year. From the report: "The rival of Nasdaq, ICE (Intercontinental Exchange), the parent company of the new York stock Exchange, is also being loaded with its own plans to launch a Bitcoin futures product physically liquidated in the first quarter of 2019. Bakkt, a Criptomonedas exchange created by ICE, plans to launch its bitcoin futures market on January 24, after discarding the original release date of December 12, 2018. As reported by CCN "ICE cited an unforeseen increase in the demand for its futures product, the Bakkt Bitcoin Daily futures contract (USD), for the delay ".
Stablecoins
Huobi creates HIDU midfielder focused on exchange:
Huobi has created a establecilla for its users, not a marketable currency as others, but a product within its exchange, is called HUSD, which is composed of four large stable: Gemini Dollar, Paxos Standard, USDCoin, and real USD.
USDT announces the native exchange with a program of abrupt tariffs: in a bewildering movement, Tether announced that it will allow the direct exchange of Tether in more than $100.000, after a movement of Bitfinex towards the "tin neutrality ". Of the report: "Users who wish to withdraw USDT in Bitfinex will do so at market rates, instead of 1 by 1, along with the other actions offered. As we have reported in the past, he occasionally divorces his pair of dollars due to market pressures, sometimes up to five cents or more. [...] On the other hand, the newcomer Paxos Standard (PAX) does not charge fees. Withdrawals are not instantaneous because of the way Paxos works, but they happen on a regular schedule that is published by the company. They also reserve the right to change their rate structure at any time. In the same way, the currency USD of Circle (USDC) does not charge a fee for withdrawals.
Paxos standard gains strength in Binance:
Paxos Standard announced that it will now be a base token in six new pairs in binance this week, with the potential of more based on the performance of those markets. Binance currently relies heavily on the USDT for stable currency markets, but recently launched USD Market, a market for combined stables that will apparently integrate as many stables as they can handle the exchange markets of World's largest cryptography.
Surces: