February 17, 2018 12:22 AM The sharks seem to be circling cryptocurrencies; a fourth “Shark Tank” star has spoken out about blockchain technology. In a post on his official website, businessman, entrepreneur, and "Shark Tank" investor Robert Herjavec shared his thoughts on cryptocurrency and blockchain technology. In the message, Herjavec didn't mince...
February 16, 2018 8:49 PM The SEC is investigating three companies after delinquent filings and uncertainty regarding business relationships. After finding problems with the way some companies have operated, the Securities and Exchange Commission (SEC) has halted over-the-counter trading of alternative construction company Cherubim Interests, telecom marketing firm PDX Partners, and...
February 16, 2018 6:32 PM On Thursday, the CFTC issued a warning about virtual currency “pump-and-dump” schemes. On February 15, 2018, the Commodity Futures Trading Commission (CFTC) published a customer advisory regarding virtual currency pump-and-dump schemes. "Customers should not purchase virtual currencies, digital coins, or tokens based on social media tips or...
The taxman cometh. On Thursday, tax attorneys from the firm Hochman Salkin Rettig Toscher & Perez, PC hosted an interactive webinar on cryptocurrency reporting. On February 15, 2018, tax attorneys Steven Toscher and Michel R. Stein, principals at Hochman Salkin Rettig Toscher & Perez P.C., delivered a presentation entitled "New...
February 14, 2018 6:56 PM Love is in the air. On Valentine’s Day 2018, the Commodity Futures Trading Commission showed some affection for blockchain and virtual currency. On February 14, 2018, at a meeting of the CFTC's Technology Advisory Committee (TAC), the agency passed motions to create subcommittees dedicated to distributed...
Would the ECB President invest in bitcoin? What’s his impression of blockchain technology? In a series of videos released on February 13, 2018, European Central Bank (ECB) president Mario Draghi answered questions submitted for the ECB's third Youth Dialogue. Cryptocurrencies and blockchain were among the forum's main topics. Cryptocurrencies Italo Mottini from...
February 12, 2018 8:14 PM On Monday, the regulatory trio that makes up the European Supervisory Authorities (ESAs) issued a warning about the financial dangers inherent in virtual currency ownership. Together, the European Securities and Markets Authority (ESMA), European Banking Authority (EBA), and European Insurance and Occupational Pensions Authority (EIOPA) comprise...
This week, officials and economists from the Federal Reserve System expressed doubts about the practicality of bitcoin and other cryptocurrencies. On Friday, February 9, 2018, in a thoughtful post on Liberty Street Economics, a blog kept by the Federal Reserve Bank of New York, Antoine Martin and Michael Lee, economists...
February 8, 2018 10:55 PM On Thursday, the White House issued a statement about the impending nomination of Charles P. Rettig as commissioner of the Internal Revenue Service (IRS). On February 8, 2017, the White House announced President Trump's intention to nominate Beverly Hills tax attorney Charles P. Rettig to be...
Tax officials in India are seeking disclosure from investors who saw gains in cryptocurrencies to ascertain taxable income. On February 6, 2018, India's income tax authority revealed it has sent out 100,000 tax notices to investors it believes hold value in cryptocurrencies, in an effort to exert a level of...