• J.P. Morgan Hit With Lawsuit Over Cash Advance Fees Related To Cryptocurrency Purchases

    On Tuesday, a Chase credit card customer filed a lawsuit against the company for unexpectedly charging his cryptocurrency investments as high-interest cash advances rather than normal purchases, a possible violation of the federal Truth in Lending Act. In the original version of this article, I suggested that Chase Bank classified cryptocurrency purchases made using credit cards […]
  • Subsidiary Of Russian State-Owned Bank May Conduct Cryptocurrency Pilot

    A board member with Gazprombank has revealed that the financial institution could run a cryptocurrency-related pilot in Switzerland through a local subsidiary there. According to reports from Russian media, the state-owned Gazprombank, which was founded by the majority state-owned oil giant Gazprom, might conduct a small cryptocurrency pilot in Switzerland through a subsidiary later this […]
  • New EIP Suggests Ethereum Hard Fork For ASIC Resistance

    Leading Ethereum developers are currently debating whether to hard fork the blockchain in order to implement a change aimed at undercutting the effectiveness of expensive, tailor-made mining equipment. In light of reports that the Chinese tech firm Bit main “has already developed” an Application-Specific Integrated Circuit (ASIC) designed for the purpose of mining Ether, members of […]
  • Intel’s Application For A Patent Relating To Cars And Blockchains Published

    Intel filed a patent application, which was recently published, for a system that would allow vehicles to transmit data to third parties in a way that protects the driver/owner’s privacy. The system would accomplish this, in part, by using blockchain technology, private key encryption, and zero-knowledge proofs. In late 2016, the technology and manufacturing giant […]
  • ESMA Institutes 2:1 Leverage Limit For Cryptocurrency CFDs

    On Tuesday, the European Securities and Markets Authority published leveraging standards for CFDs and barred the sale of binary options to retail investors. On March 27, 2018, the European Securities and Markets Authority (ESMA) announced a range of measures for financial derivatives products, including a 2:1 leverage limit for cryptocurrency-related contracts for differences (CFDs). Other agreed-upon […]
  • FINMA To ‘Judge’ Past ICOs According To February Guidelines

    Switzerland’s financial regulator will use recently published ICO guidelines to assess whether entities that have previously conducted ICOs in the country did so in accordance with the new directions. Mark Branson, the CEO of Switzerland’s official financial watchdog, the Financial Market Supervisory Authority (FINMA), has revealed that the regulator will retroactively evaluate ICOs that have […]
  • Gov’t-Owned Entity Launches Blockchain-As-A-Service Platform In China

    A Chinese government research institute has begun offering a blockchain-as-a-service platform that aims to enable a wide range of use cases, from identity management to digital coupon issuance. At a March 26 FinTech summit hosted by the municipal government of Hangzhou, the China Banknote Blockchain Technology Research Institute announced the roll out of its new […]
  • Upbit Launches Cryptocurrency Index While Parent Company Dunamu Invests $92 M In Blockchain

    Local media is reporting that South Korean FinTech company Dunamu is investing big into blockchain development and startups. Meanwhile, the exchange owned by Dunamu, Upbit, announced it has developed a cryptocurrency index. Announced earlier today, and reported by The Korea Herald, Dunamu – operator of the South Korean cryptocurrency exchange Upbit – will invest 100 […]
  • Internal Revenue Service Reminds Taxpayers To Report Cryptocurrency Gains

    Circle April 17, 2018, in your calendars – that’s the deadline to file 2017 returns and pay any taxes due to the IRS. And don’t forget about cryptocurrency gains either! The taxman cometh. On Friday, March 23, 2018, the Internal Revenue Service (IRS) issued a release to remind taxpayers that “income from virtual currency transactions […]
  • Tennessee Establishes Legal Authority Of Blockchain Technology, Smart Contracts

    On Thursday, Tennessee became the latest state to create a legal foundation for the usage of blockchain technology and “smart contracts.” On March 22, 2018, Republican governor Bill Haslam signed into law Senate Bill (SB) 1662, which amended the Tennessee Code Annotated, Title 47, Chapter 10. Effective immediately, the law created legal footing for blockchain technology […]
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