Five mega exchanges hold 10 of Bitcoin’s entire supply

The Bitcoin ecosystem continues to be dominated by a handful of platforms and companies. Roughly 10.6% of Bitcoin’s (BTC) circulating supply is currently held on just five centralized exchanges, according to data published by Chain.info. More than 1.96 million BTC is currently held between the major exchanges Coinbase, Huobi, Binance, OKEx, and Kraken. Likely owing […]

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Spain’s new bill proposal complicates crypto for citizens

Spain’s new anti-tax fraud bill includes crypto implications. Awaiting parliamentary approval in Spain, a fresh bill draft intends to cut out illegal tax dealings, as first reported by Cointelegraph’s Spanish branch. This could mean smaller business transactions as well as mandatory crypto-asset reporting, even for assets held or transacted internationally. The "Draft Law on Measures […]

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G7 will oppose Libra launch until regulations in place

“No global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements.” Countries representing the world’s largest economies said in a draft of a statement that they would initially oppose the launch of Facebook’s Libra project. According to an Oct. 12 report from Reuters, central bankers and finance ministers from […]

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Payments firm Rocketfuel Blockchain sues co-founder over expired patents

The blockchain payments company said it unknowingly owns patents that expired before these were transferred to them. Blockchain payments company Rocketfuel Blockchain is suing its co-founder for allegedly misrepresenting patent applications and defrauding the firm. In a complaint filed with the Central District Court of California, Rocketfuel claimed its co-founder and former treasurer Joseph Page […]

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Aussie Millionaire Threatens To Sue The Guardian Over False Bitcoin Investment Ads

Aussie Millionaire Threatens To Sue The Guardian Over False Bitcoin Investment Ads After unsuccessfully battling The Guardian Australia to seize Bitcoin scam ads from appearing on its website, Australian entrepreneur Dick Smith has threatened to sue the media outlet.Australian multi-millionaire and electronics entrepreneur Dick Smith has threatened to sue The Guardian Australia. Smith has alleged […]

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