South African Bitcoin Investment Company Faces Fresh Scam Allegations

FX Choice, a forex and crypto trading company, is making new allegations that South African bitcoin investment company, Mirror Trading International (MTI) is a multi-level marketing scam. The company says it uncovered this after researching into MTI, a firm that claims to have “118,027 members in 192 countries” and ostensibly sees “12,879.70 Bitcoin in trade … Read more

Congresspeople Call on IRS to Take It Easy on Taxing Staking Rewards

On Aug. 4, four U.S. congressional representatives wrote to the Internal Revenue Service (IRS) asking the tax authority not to overtax rewards from Proof-of-Stake blockchains.  Explaining the difference in energy consumption between PoS and Proof-of-Work blockchains like Bitcoin’s, Representatives Tom Emmer (R-MN), Darren Soto (D-FL), David Schweikert (R-AZ) and Bill Foster (D-IL) wrote that the … Read more

Russia’s Biggest Bank Considers Launching Its Own Stablecoin

Sberbank, a state-owned company and the largest bank in Russia, is considering the possibility of issuing its own token, according to its key executives. Sergey Popov, director of the transaction business at Sberbank, says that Russia’s banking giant is thinking of issuing its own stablecoin that could be pegged one-to-one to the Russian ruble, local … Read more

Twitter Hack Shows That Crypto Is Easier to Investigate Than Fiat, Say Industry Law Experts

During an Aug. 4 panel on legal compliance within the cryptocurrency industry, major figures noted recent shifts in public perception of the industry, pointing to arrests within weeks of the Twitter hack as an example of how effective blockchain analytics can be for solving crime. The panel is part of an ongoing series from the … Read more

Blockchain Powered Real Estate Crowdfunding Platform Max Crowdfund Receives Approval From the Netherlands’ Financial Market Authority

Max Crowdfund, a blockchain-powered real estate crowdfunding platform, has reported secured approval from the Financial Market Authority (FMA) in the Netherlands. Under development since 2017, Max Crowdfund explained that it allows registered investors to access high-quality real estate investment opportunities in a matter of minutes, from any computer or mobile device, with the security of … Read more