SEC Launches Mock ICO to Show Investors Warning Signs of Fraud

SEC Launches Mock ICO to Show Investors Warning Signs of Fraud Office of Investor Education and Advocacy at the US Securities and Exchange Commission (SEC) has launched a fake initial coin offering (ICO) website,  according to a press release May 16. The goal of the site is to increase awareness of the typical warning signs of scam ICOs and to promote investor education.…

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PayPal CFO Says Merchants Aren’t Interested in Crypto Due to Volatility

PayPal CFO Says Merchants Aren’t Interested in Crypto Due to Volatility PayPal CFO John Rainey said in an interview with CNBC May 16, that the company doesn’t see much interest in digital currencies because price volatility threatens the viability of their merchants’ businesses. Centralized payment service PayPal was a pioneer in accepting cryptocurrencies. Merchants could opt-in to accept Bitcoin (BTC)…

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Nokia Is Letting Consumers Monetize Their Data with Blockchain

Nokia Is Letting Consumers Monetize Their Data with Blockchain Blockchain data platform Streamr is partnering with Finnish telecom giant Nokia and California software company OSIsoft to allow mobile customers to monetize their user data and make purchases. Chief executive Henri Pihkala announced the partnerships at CoinDesk’s Consensus 2018 conference Wednesday, while also conducting a live…

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Jennifer Aniston, Prince Charles Falsely Used to Promote Crypto Scam

Jennifer Aniston, Prince Charles Falsely Used to Promote Crypto Scam Texas’ securities watchdog has issued an emergency cease-and-desist order to a purported cryptocurrency investment scheme that it says tried to dupe investors with fake endorsements from high-profile individuals. Among other alleged failings, Houston-based Wind Wide Coin is said to have fabricated client profiles using images of public…

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Swiss Blockchain Startup envion AG Reports Suspected Fraud in Crowdfunding Campaign

Swiss Blockchain Startup envion AG Reports Suspected Fraud in Crowdfunding Campaign   Press Release   Tokens worth $40 million  generated illegally – Supervisory Board President Matthias Woestmann filing legal charges Baar, April 26, 2018 – Swiss crypto-mining startup, envion AG, has called on crypto exchanges around the world to cease trading in EVN tokens. Apparently, a…

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Bitcoin Tax Calculator

Bitcoin Tax Calculator   By TaxAct If you are a U.S. resident that invested in Bitcoin or other cryptocurrencies in 2017, you may have recently received a tax document from the trading platform or cryptocurrency exchange you use and may need to pay taxes. While there is currently very little guidance on the taxation of cryptocurrency,…

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President of Chile’s Central Bank Considers Cryptocurrency Regulation, Says It Is Useful for ‘Monitoring Risks’

President of Chile’s Central Bank Considers Cryptocurrency Regulation, Says It Is Useful for ‘Monitoring Risks’ Mario Marcel, the president of Chile’s Central Bank, is considering regulating cryptocurrencies in the country in order to monitor risks, local news outlet El Economista reported Tuesday, May 15. Cryptocurrencies in Chile are not currently considered as money or securities, but there are no…

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