Michael Terpin Urges FCC to Curb Crypto Fraud That Cost Him $24 Million

Crypto investor Michael Terpin has written an open letter to Federal Communication Commission (FCC) chairman Ajit Pai requesting urgent action on SIM swapping fraud. Terpin, a victim of SIM swapping himself, asked the regulator to make mobile carriers hide customer passwords from employees and to provide a “no port” option, whereby customers would have to…

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Bitcoin Magazine Week in Review

Bitcoin Magazine’s Week in Review brings you the most critical, interesting and popular news stories affecting Bitcoin this week. Despite Setback in Ohio, Tax Payments in Bitcoin a Viable Trend Ohio made a big splash in the cryptocurrency community in November 2018 when Josh Mandel, the state treasurer at the time, announced a plan to…

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South Korean Court Sets Compensation Precedent for Cryptocurrency Exchanges

On September 27, 2019, a South Korean court made a landmark ruling concerning local cryptocurrency exchange Coinone which could affect the way exchanges function going forward.  According to local news coverage of the filing, the Seoul Southern District Court wants the exchange to cover losses that occurred due to loopholes in its security policy. In…

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Bitcoin in Africa: Offering ‘New and Better Ways of Exchanging Value’

With each passing day, more and more Africans are discovering cryptocurrencies. As a result, bitcoin and other cryptocurrencies are finding real use cases in African countries. African countries, such as Nigeria, have been reported to have among the highest search rates for the keyword “Bitcoin.” A significant reason behind this increasing interest in cryptocurrency is…

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CoinShares Enlists Customers to Lobby Against UK Ban of Crypto ETN

Investment platform CoinShares is urging its customers to lobby the UK’s Financial Conduct Authority (FCA) over impending cryptoasset regulations. In a letter to investors sent today, CoinShares has asked its customers to write emails and text messages to the UK regulator in support of one of its premiere products, exchange-traded notes (ETNs), which would be…

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Bitcoin ETF Regulatory Withdrawal Sets Institution On-Ramp Back Once Again

VanEck and SolidX have withdrawn a proposal with the U.S. Securities and Exchange Commission (SEC) for the duo’s latest attempt at a bitcoin exchange-traded fund (ETF). The struggle to create the first bitcoin ETF has been ongoing since at least 2013. Theoretically, a formalized market for a bitcoin ETF would furnish a convenient, institution-friendly investment…

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