Initial Coin Offerings (ICOs) – Weekly Overview
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Bitcoin ATM launch blocked by Swiss regulators
BybtxadmSwitzerland-based bitcoin brokerage and ATM operator Bitcoin Suisse AG was forced to halt plans to launch a new machine in Zurich today after the country’s financial authority, the Swiss Financial Market Supervisory Authority (FINMA), requested a review of the legal issues related to its proposed services. Bitcoin Suisse already has a handful of operational bitcoin…
Bitcoin margin-trading platform BTC.sx back online
BybtxadmAs the situation at Mt.Gox was unraveling last month, bitcoin derivatives platform BTC.sx decided to immediately halt all operations. The company promised to resume operations once agreements with other exchanges could be established. After nearly three weeks of silence, BTC.sx quietly resumed operations yesterday. According to a report on CoinDesk, BTC.sx is currently partnering with…
One week after bitcoin price crash, still no official confirmation from People's Bank of China
BybtxadmOne week ago, a single report from China’s Caixin newspaper brought the value of bitcoin crashing down. On March 26, bitcoin had been trading in the $580 range, struggling to recover from both long-standing uncertainty in the wake of Mt.Gox, a potentially problematic IRS ruling and a previous, officially debunked rumor that bitcoin was to…
Donations to FreeRoss.org skyrocket after Roger Ver's Twitter pledge
BybtxadmIn the excitement about the U.S. Marshal Service’s auction of millions of dollars in bitcoin seized from the Silk Road, the situation of its alleged mastermind has gained less attention. Ross Ulbricht, the man the FBI claims ran the Tor-obscured website under the name “Dread Pirate Roberts,” has been awaiting trial since his arrest in…
BTC China suspends yuan deposits
BybtxadmFollowing a post on the China Merchants Bank website late last week, Chinese bitcoin exchange BTC China announced that they are halting all deposits in yuan. In a post on BTC China’s Weibo social networking account, the exchange claimed the move was made “out of consideration for user security and stabilization operations.” It’s not clear…
North Carolina to tie virtual currencies to "monetary value" under existing laws, rather than create new regulations
BybtxadmIn a story published today on CoinFinance, an unnamed North Carolina Commission of Banks (NCCOB) spokesperson said that regulators in the state were opting to handle bitcoin-based investments and businesses under existing rules. The NCCOB will treat bitcoin and other cryptocurrencies as “monetary value,” as defined in the N.C. Money Transmitters Act. Under those rules,…