Ohio embraces bitcoins and celebrities fined for ICO ads

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The last week of November was tax, regulation and enforcement of the SEC for Bitcoin and the largest cryptographic ecosystem.

Main titles

• Sirin Labs launches FINNEY: The world's first blockchain phone on the market, FINNEY, was launched at an event in Barcelona on Thursday. Josiah Wilmoth of the CCN was on the scene. The phone, its dApp store and the native blockchain integration have wondered if the crypt has finally arrived.
• Ohcrypto – Ohio's state government embraces cryptocurrency: Ohio State Treasurer, Josh Mandel, defended his state's decision to allow tax payments via Bitcoin on Bloomberg news. At the beginning of the week, the state had announced the move, complete with a web portal to do so. Critics of cryptography have commented that the move was not a complete embrace of cryptocurrency because the state used BitPay, while traditional financial critics have expressed concern over the "ease" of the use of cryptosides. Whichever way you divide it, Ohio is the first of these United States to take a step forward, one that Mandel called "small". Does it mean that Bitcoin is becoming a "real" currency?
• The vulnerability of the NodeJS module compromises CoPay and tons of other web portfolios: A vulnerability in an upstream NodeJS package puts millions of Bitcoin addresses at risk through "what can be objectively defined as social engineering, laziness and incompetence". CCN asks why BitPay, which has relied on this module and relies on many others, does not simply contribute more to the packages it is based on, bifore them and locally import updates.
• Bitcoin SV has a 48% rebound: Bitcoin SV presents itself as a more serious contender this week, with the market recognizing its efforts in a 48% rebound amid the general market decline. Analysts believe that Big Bitcoin will be down again for a while. HODL not interested.

Bitcoin and Crypto Crime regulations

Following a small trick in a federal court in California, the federal government seems to have flexed its regulatory muscles this week.

• The Treasury lists and the Bitcoin bans are addressed as part of the sanctionsFor the first time this week, the US Treasury has specifically banned some Bitcoin addresses for interactions with people in the United States. It is important to note that it is already illegal under the existing sanctions for the United States to do many types of business with Iranian or Iranian citizens, so the list of Bitcoin addresses is only notable as it is a first, not mentioning a form of payment. The Treasury has listed the addresses of two Iranian men in designating them as particularly incapable of doing business with people in the United States – which means that if sanctions are abandoned, these people are still unwelcome people. Anonymous Bitcoiners responded by sending bitcoins to addresses with political messages.
• The Bulgarian authorities seize $ 3 million in Crypto: David Hendeyin of CCN has covered the Bulgarian kidnapping of about $ 3 million illegally obtained cryptocurrency. He wrote: "The case underlines the growing ability of governments and regulators to monitor cryptocurrency transactions as they try to fill all the loopholes that allow money laundering, tax evasion and terrorist financing. In September, CCN reported that the blockchain research firm Diar has published data showing that US government agencies have collectively spent 5.7 million assumptions of contractors performing blockchain analysis, which implies the linking of the & # 39; identity of an individual with their cryptocurrency funds ".
• The judge tells SEC that they have not tried Blockvest ICO is a securityIn what may be a legal precedent, a federal judge in California told the SEC that he had not adequately demonstrated that Blockvest was a security under federal law. This does not mean that Blockvest is out of trouble, but simply that the injunction and the freezing of their assets will not be realized before a conviction. From the report, "In a brilliant defense, Blockvest claimed that his tokens were used only to test the exchange, nothing else." The meat and potatoes of the defense were also that most of the "investors" of the people they were well-known friends from the defendant Reginald Buddy Ringgold III, and that the claims they had made online regarding the "$ 2.5 million" increase were overly optimistic, based on a single investor, and that 39; agreement had failed ".
• DJ Khaled and Floyd Mayweather formally charged with fraudulently promoting ICO: CCN's Samantha Cheng detailed the allegations (and settlements) against Floyd Mayweather and DJ Khaled, who had promoted Centco Tech ICO last year and neglected to tell everyone that promotions had been promoted, among other questionable activities. Khaled and Mayweather have not been forced to admit illegal actions in the settlement that amounts to a collective $ 767,500 among them.
• French regulators complain about Bitcoin retail: The French version of the SEC went to an offensive against a crypto start-up in France that intends to sell Bitcoin in retail stores across the country at the beginning of 2019. The move follows the signals in the encrypted space that the start-up, KeplerK, had received explicit approval from an affiliate of the same body.
• Israeli businessman Moshe Hogeg is accused of using ICO funds improperly: Mark Emem of CCN reported on allegations against the famous Israeli cryptographer Moshe Hogeg, who is accused of draining funds from two companies supported by ICO and then making them insolvent. From the report: "As a result, 17 people who claim to be shareholders of IDC Investdotcom Holdings, the company associated with Hogeg and more popularly known as Invest.com, have filed a petition seeking to liquidate the company. He was later appointed by a court in Tel Aviv, according to The Times of Israel. "Hogeg denies the allegations and filed a counter-action.

Crypto Exchange News

With a bitcoin ETF still in the distant future, cryptographic exchanges remain dedicated to facilitating the entry of traditional capital into volatile cryptographic markets. Meanwhile, Waterchain's president told Forbes readers that cryptography will create "a completely new economy" and a senior NYSE authority has said that cryptography is not going anywhere.

• Coinbase adds Ethereum Classic and Zcash: Coinbase added Ethereum Classic, the Ethereum whose blockchain has never been forked in response to DAO hack. They also added Zcash, but apparently, it was not very helpful for ZEC.
• HBUS launches the Cheeky billboard campaign: HBUS, a franchisee in Huobi, has launched an advertising campaign in California that says "evolved" while "Coin base" (note the space) is called Homo erectus of trading.
• Nasdaq announces the Bitcoin futures marketIn an important precursor, Nasdaq announced that it will launch a "transparent and regulated" futures market on Bitcoin at the start of 2019. The Nasdaq will not be the only one in this space at the start of next year. From the report: "The rival Nasdaq ICE (Intercontinental Exchange) – the parent company of the New York Stock Exchange – is also loading its plans for launching a physically regulated bitcoin futures product in the first quarter of 2019. Bakkt, to exchange cryptocurrency built by ICE, plans to launch its bitcoin futures market on January 24, after demolishing the original launch date of December 12, 2018. As reported by CCN, the ICE cited an unexpected increase in demand for its forward product, the Bakkt Bitcoin (USD) Daily futures contract, for the delay. "

Stablecoins

• Huobi creates Exchange-Centric Stablecoin HUSD: Huobi has created a stablecoin for its users – not a marketable currency like any other, but a product in their exchange – they call HUSD, which consists of four main stablecoin: Gemini Dollar, Paxos Standard, USDCoin and True USD.
• USDT announces the native redemption with a high tax programIn an embarrassing move, Tether announced that it will allow Tether's direct redemption over $ 100,000, following a move by Bitfinex towards "stablecoin neutrality". From the report: "Users who want to cash out USDT to Bitfinex will do so at market rates, rather than 1 for 1, right along with the other stablecoins that are offered." As we have reported in the past, the snare sometimes separates from the block of the dollar because of market pressures, sometimes even more or more than five cents. […] On the other hand, the newcomer Paxos Standard (PAX) does not charge fees. Withdrawals are not immediate due to the way Paxos works, but take place according to a regular program published by the company. They also reserve the right to change their tariff structure at any time. Similarly, the USD currency of Circle (USDC) does not charge a withdrawal fee. Both he and Paxos have a minimum of $ 100 for conversions. "
• Paxos Standard gains traction on Binance: Paxos Standard has announced that this week will be a basic token in six new pairs on Binance, with the potential for a greater number of performances based on these markets. Binance currently relies heavily on USD for stable markets, but has recently launched USDⓈ, a combined stablecoin market that apparently will integrate the number of stablecoin that the world's largest cryptic exchange markets can handle.

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