SEC’s Chief Accountant: Firms With Digital Assets Still Need to Keep Their Books in Order

SEC’s Chief Accountant: Firms With Digital Assets Still Need to Keep Their Books in Order Wesley Bricker, chief accountant for the U.S. Securities and Exchange Commission (SEC), has said that the advent of digital assets and blockchaintechnology does not change the “fundamental responsibility” of firms when it comes to their financial reporting activities. Bricker’s remarks were made as…

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China’s Central Bank Warns Investors of ICO, Crypto Risks

China’s Central Bank Warns Investors of ICO, Crypto Risks China’s central bank, the People’s Bank of China (PBoC), has today, September 18, issued a new public notice “reminding” investors of the risks associated with Initial Coin Offerings (ICOs) and crypto trading. The notice, released from the bank’s headquarters in Shanghai, reiterates the severe line that has been adopted…

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Bitcoin (BTC) Price Watch: Bearish Wedge Breakout

Bitcoin (BTC) Price Watch: Bearish Wedge Breakout Bitcoin Price Key Highlights Bitcoin price recently broke below a rising wedge pattern to signal that further losses are in the cards. Price might still pull back to the broken support area, which lines up with Fib levels, to gather more selling pressure. Technical indicators are showing that…

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Ukrainian Parliament Proposes Tax Bill for Digital Currencies

Ukrainian Parliament Proposes Tax Bill for Digital Currencies The Verkhovna Rada, the parliament of Ukraine, has proposed a bill that, once passed into law, would tax operations with crypto assets, according to a draft lawpublished September 14. The tax bill, which was initiated by 23 government officials, suggests a five percent tax on individuals and legal entities operating with virtual currency assets, such…

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Treat Bitcoin Like Switzerland Does, Zimbabwe Finance Minister Tells Central Bank

Treat Bitcoin Like Switzerland Does, Zimbabwe Finance Minister Tells Central Bank Zimbabwe’s new finance minister said the country should embrace Bitcoin at state level in a manner similar to Switzerland, local media outlet IT Web Africa reports Monday, September 17. Citing the Swiss central bank’s “investment and understanding” in Bitcoin, Mthuli Ncube said he would call on the Reserve Bank of Zimbabwe (RBZ)…

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Former SpaceX Engineer Targets Consumer Traders With His LXDX Crypto Exchange

Former SpaceX Engineer Targets Consumer Traders With His LXDX Crypto Exchange A former engineer at Elon Musk’s SpaceX has announced his new firm LXDX would launch a public cryptocurrency exchange, Leaprate reports Monday, September 17. Previously engaged in automation and propulsion at SpaceX, Joshua Greenwald has since turned his attention to institutional-grade cryptocurrency trading. While already operating for…

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Alibaba’s Jack Ma: Blockchain Will Be “Meaningless” Unless It Helps Build Greener Future

Alibaba’s Jack Ma: Blockchain Will Be “Meaningless” Unless It Helps Build Greener Future Jack Ma, the founder of Chinese e-commerce giant Alibaba, has said that blockchain and other advanced technologies still need to prove they can help evolve society in a “greener and more inclusive” direction. His remarks came as part of a keynote delivered at the World Artificial Intelligence…

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