Lithuania Rakes in 6.4 Million Euros From Selling Seized Cryptocurrencies
Lithuania’s tax authority has sold the cryptocurrencies it previously seized for 6.4 million euros (approximately $7.6 million). The three cryptocurrencies confiscated were bitcoin, ether, and monero. This was the first time the tax authority sold seized cryptocurrencies. Lithuania Sold Seized Cryptocurrencies The State Tax Inspectorate (STI) under the Ministry of Finance of the Republic of Lithuania announced Tuesday that it has sold...
Major Australian Investment Firm Moves From Gold to Bitcoin
A billion-dollar Australian investment management firm has gotten into bitcoin, citing that the cryptocurrency is superior to gold. Many of the firm’s clients have been asking about investing in bitcoin. “We have been positioning in gold for our clients for many many years now. Now we’re doing it with bitcoin,” said an executive of the firm. Bitcoin ‘Entering the Realm of the Mainstream’ Australian investment management company Pendal...
CFTC’s New Rules Cause Coinbase to Stop Offering Crypto Margin Trading
Cryptocurrency exchange Coinbase is disabling its margin trading product in order to comply with the new rules set by the Commodity Futures Trading Commission (CFTC). CFTC’s Rules Affecting Margin Trading Offerings Coinbase’s chief legal officer, Paul Grewal, explained in a blog post on Tuesday: In response to new guidance from the Commodity Futures Trading Commission, we are disabling our margin trading product. Starting on...
Denuvo’s Anti-Piracy Protection Probably Makes Sense For Big-Selling AAA Titles
Mid-October, news began to surface that the systems of gaming giants Ubisoft and Crytek had fallen victim to a hacker attack. Samples of the companies’ data first appeared on the dark web portal of ransomware group Egregor along with threats that the team could leak more confidential data in the days to come. Indeed, at the start of November, the source code for Watch Dogs: Legion reportedly hit the web. Supposed Denuvo Contact Leaked...
EU Study: More People Consume Legally But Stubborn Pirates Remain
The European Union Intellectual Property Office (EUIPO) regularly conducts studies to see how piracy develops over time. When compared to earlier years, the findings help to signal trends which can be useful as input for future policy. This week, EUIPO released a new study on the perceptions and behavior of Europeans regarding intellectual property. The report covers both counterfeit goods and online piracy but our focus is on the...
