Pro-Bitcoin Presidential Candidate Andrew Yang to Shake Up Dem Debate

Andrew Yang is the most crypto-friendly presidential candidate ever to mount a serious campaign for the White House. And he’s about to go toe-to-toe with the DNC establishment as the second night of Democratic debates kicks off on Thursday, featuring a stacked field of candidates. Andrew Yang: the bitcoin president? Yang launched his presidential campaign …

US Justice Department & IRS Are in Hot Pursuit of Bitcoin Tax Evaders

By CCN Markets: The bitcoin price rocketed past $10,000 for the first time since 2018, and crypto fans are celebrating. But they’re not the only ones noticing the budding cryptocurrency bull market. The U.S. Department of Justice is ramping up criminal prosecutions of bitcoin tax evaders. In this effort, the DOJ is joining a mass …

Treasury Secretary Won’t Let Crypto Become Next Swiss Bank Accounts

By CCN Markets: U.S. Treasury Secretary Steven Mnuchin said that the G7’s Financial Action Task Force (FATF) organization will never let crypto assets “become the equivalent of secret numbered accounts.” Mnuchin was addressing a plenary session of the G7 initiative aimed at combating money laundering and terrorism financing. The U.S. Treasury Secretary was referring to …

Indian Government in Dizzying Reversal Sponsors Free Crypto Course

By CCN Markets: The Indian government continues to project a deep level of hypocrisy as it turns its attention to sponsoring a blockchain and cryptocurrency course. As CCN recently reported, the government is simultaneously proposing an insane anti-crypto bill with hard jail-time for bitcoin users. The undergraduate course, which is entitled Blockchain Architecture Design and …

CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how …

Bitcoin in Crosshairs as SEC & DOJ Drop Hammer on Crypto Firm Longfin

By CCN: The “crypto” startup Longfin Corp. got spanked by both the SEC and the DOJ for fraud amid a broader regulatory crackdown on bitcoin-related financial crimes. Specifically, Longfin’s CEO, Venkata Meenavalli, is accused of inflating the company’s revenue by $66 million in order to fraudulently secure a listing on the Nasdaq in 2017. Prosecutors …

Bitcoin ‘Crypto-Casino’ is a Terrorist Playground: Ex-SEC Crime Czar

By CCN: Bitcoin is a worthless sham that’s only useful for facilitating crime, and the public must be warned about the full spectrum of the crypto-sphere’s sleaziness. That’s the opinion of attorney John Reed Stark, a cybersecurity expert who worked for 20 years at the SEC’s enforcement division. In a damning Law 360 column, Stark …

Jeremy Allaire’s Circle Lays Off 10% of Staff amid Prickly US Regulation

By CCN: Bitcoin has been booming lately, but Circle, the parent company of crypto exchange Poloniex, announced yesterday afternoon that about 30 employees are leaving as part of “organizational changes.” Circle CEO Jeremy Allaire cited an increasingly burdensome regulatory environment in the United States as part of the impetus for the move. Today we made …

Bitcoin Bull’s $800,000 Tax Bill Due as Israeli Court Rules Crypto is ‘Property’

By CCN: An Israeli court has ruled that Bitcoin is not a currency but rather an asset. This was in a case brought forth by Noam Copel, a blockchain entrepreneur, according to business publication Globes. The ruling means that Copel will pay taxes of New Israeli Shekel (NIS) 3 million ($830,115). This is after making …

Bakkt CEO Kelly Loeffler Targets July for Thrilling Bitcoin Futures Launch

By CCN: It’s finally happening. The Intercontinental Exchange (ICE), the parent company of Bakkt, has officially filed for bitcoin futures approval with the U.S. Commodity Futures Trading Commission (CFTC), according to a blog post this morning by Bakkt CEO Kelly Loeffler. Although the CFTC hasn’t approved the new platform yet, Loeffler seems confident it will, …