The U.S. Securities and Exchange Commission (SEC) has released a statement stating is could hold open-source smart contracts developers accountable for the code's security; this comes after the SEC prosecuted Ether Delta's founder Zachary Coburn for issuing unregistered securities in the form of digital assets and several other smart contract-based startups like AirFox, Paragon, Crypto Asset Management, and TokenLot - Link

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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; 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 backers - Link

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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

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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

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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

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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

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