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Cryptocurrency firm Basis is shutting down and returning most of the $133M it has raised, according to sources for The Block

Cryptocurrency firm Basis is shutting down and returning most of the $133M it has raised, according to sources for The Block; the company planned to launch a stablecoin project (a digital currency tied to the US dollar) but ran into unspecified regulatory issues; Basis counts Bain Capital Ventures, GV, Andreessen Horowitz, and more among its […]

By |December 14th, 2018|Regulation|0 Comments

New York-based crypto lending startup BlockFi has announced the end of a $4M funding round

New York-based crypto lending startup BlockFi has announced the end of a $4M funding round; provides crypto collateralized loans, has raised additional funds to expand its services to crypto savings account that earns interest and crypto-backed credit cards; the company raised $52.5M in a round led by Galaxy Digital, including $1.5M in funding from ConsenSys Ventures – Link

By |December 14th, 2018|Regulation|0 Comments

Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart

Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart; the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15.65M worth of bitcoin between 2015 and 2017; while the overwhelming majority traded an amount equal to or less than $1.1K; very few traded amounts over $110K – Link

By |December 14th, 2018|Regulation|0 Comments

Cosmetics chain Sephora has enabled shoppers to earn cash back, in the form of bitcoin, through an app called Lolli

Cosmetics chain Sephora has enabled shoppers to earn cash back, in the form of bitcoin, through partnering with an app called Lolli; Lolli’s partner’s pay it for customer referrals and give the e-commerce startup fiat, which it converts into bitcoin rewards for shoppers – Link

By |December 14th, 2018|Regulation|0 Comments

NCCIC part of the Cybersecurity and Infrastructure Agency has announced it is aware of the Bitcoin scam bomber

The National Cybersecurity and Communications Integration Center (NCCIC), part of the Cybersecurity and Infrastructure Agency has announced it is aware of the Bitcoin scam bomber; the NCCIC advised people not to reply, not pay the ransom, and report the emails to the FBI’s Internet Crime Complaint Center or to a local FBI field office – Link

By |December 14th, 2018|Regulation|0 Comments

Unicef invests up to $100K in startup that are solving world problems through blockchain

Unicef invests up to $100K in 6 startups that are solving world problems through blockchain; based in a developing economy, with firms based out of Argentina, Mexico, India, Tunisia and Bangladesh; recipients are Atix Labs, Onesmart, Prescrypto, Statwig, Utopixar, and W3 Engineers – Link

By |December 14th, 2018|Regulation|0 Comments

Mining profitability data site ASICMinerValue.com (AMV) has shown that there are 2 profitable Bitmain ASIC mining rigs in the current market

Mining profitability data site ASICMinerValue.com (AMV) has shown that there are 2 profitable Bitmain ASIC mining rigs in the current market; the Ebit 11++, was released by Chinese mining hardware manufacturer Ebang Communication and is currently priced at $2,024 – Link

By |December 14th, 2018|Regulation|0 Comments

RobotCache signs 22 publishers with 700 games for blockchain app store

California-based RobotCache signs 22 publishers with 700 games for blockchain app store; plans to launch its digital PC games platform, just like Valve’s Steam digital distribution service, next year; also plans to let users sell their games to secondary buyers (on chain); the publisher gets 70%, the gamer gets 25%, and RobotCache gets 5%  – Link

By |December 14th, 2018|Regulation|0 Comments

Crypto payment app Abra has opened its cryptocurrency index to retail investors

Crypto payment app Abra has opened its tokenized cryptocurrency index Bit10 to retail investors; the token tracks the top ten cryptocurrencies by market capitalization; as the market value increases, so does the value of the token and vice versa – Link

By |December 14th, 2018|Regulation|0 Comments

LinkedIn has released its 2018 U.S. Emerging Jobs report siting Blockchain Developers as the fastest growing job

LinkedIn has released its 2018 U.S. Emerging Jobs report siting Blockchain Developers as the fastest growing job; report suggests that the best companies that are highering in blockchian are IBM, Consensys, and Chainyard; geographically San Fransisco and New York are hotspots  – Link

By |December 14th, 2018|Regulation|0 Comments