Tax reform impacting fewer homebuyers
New York and California had the largest percentage of homebuyers who said their search for a home was impacted by Congress’ historical overhaul of the tax code.
Charlie Shrem’s new podcast focuses on stories of Bitcoin’s early days
Hot on the heels of his legal victory over the Winklevii, Bitcoin bad boy and early adopter Charlie Shrem has unleashed a new podcast looking at the early days of the first cryptocurrency and the blockchain technology on which it’s built. The goal of his Untold Stories podcast is to create an oral history of … Read more
Judge Joel Cohen orders New York Attorney General Letitia James to prove jurisdiction over Bitfinex and Tether
A court on May 22 ordered New York State Attorney General Letitia James to prove her office has the right to sue Bitfinex and Tether for fraud and securities law violations. On April 24, James sued leading cryptocurrency exchange Bitfinex and stablecoin issuer Tether over a $625 million loan Tether gave Bitfinex after the latter … Read more
Crypto community celebrates bitcoin pizza day
Wednesday, May 22 is Bitcoin Pizza Day. That’s because on May 22, 2010, two pizza pies were bought by a person named Laszlo Hanyecz through a bitcoin forum. While the pies themselves were mundane, the transaction was revolutionary—they were bought with 10,000 bitcoins, worth roughly $41 at the time. Since then it has become blockchain’s … Read more
Bitfinex tells court Tether invested part of dollar reserves in Bitcoin
The Tether stablecoin is backed in some part by bitcoins. David Miller, an attorney for Tether’s sister firm, cryptocurrency exchange Bitfinex, revealed in court last week that Tether has invested “a small amount” of the reserve dollars backing the tethers (USDt) in bitcoins (BTC). He added that the company had also invested in other undescribed … Read more
Robinhood Attracts $200 Million as Valuation Swells to $7 Billion: Report
By CCN: Who says millennials don’t like to save and invest their money? By building a commission-free stock brokerage and trading app with a slick interface, Robinhood has built a $7 billion business in just six years. That’s the company’s valuation as it nears a $200 million funding round from its current financial backers, Bloomberg … Read more
Craig Wright says anyone else claiming to be Satoshi Nakamoto is a criminal
Craig Wright said this week that anyone else saying they are Bitcoin creator Satoshi Nakamoto is a criminal. He also intends to reclaim the Bitcoin name from the version that currently bears the BTC symbol and bestow it on his own Bitcoin Satoshi Version—or Bitcoin SV—which he claims is the “real” Bitcoin. Both of those … Read more
UK Financial Watchdog Warns Public of Crypto Clone Firm
The primary financial regulator of the United Kingdom, the Financial Conduct Authority (FCA), warned that ICAP Crypto is a clone firm in a public announcement on May 24. According to the report, ICAP Crypto is a clone firm of ICAP Europe Limited. Clone firms are a type of scam in which the scammers use information … Read more
Robinhood adds ‘fee-free’ crypto trading for users in New York and 38 other states
In April 2018, Millennial trading app Robinhood announced it would soon be available in a handful of states. Complex banking regulations in each state meant that they had a lot of hurdles to get over before they could offer free crypto and stock trading services in all 50 states. But in January RobinHood announced they … Read more
It’s Water Under the Bridge as Zuckerberg & Winklevii Talk Crypto: Report
By CCN: Mark Zuckerberg has been collaborating with his old rivals, the Winklevoss twins, to launch a digital currency that can be used across Facebook, WhatsApp, Instagram and beyond, according to a report in the Financial Times. Facebook’s cryptocurrency, reportedly dubbed GlobalCoin, is expected to make its debut next year. The FT reports that Facebook … Read more