Imbold for crypto prices felt lately

November starts with a push for crypto prices

After three months of decreases of up to 40%, there is a push for crypto prices with positive outlook.

The main reason was the statement by the President of China to support the blockchain industry. In addition, Canada has approved the 3iQ listing of the Bitcoin Fund on the Toronto Stock Exchange (TSX). This fund will give both retail and institutional investors direct exposure to a bitcoin ETP in North America.

The 40% Bitcoin price increase was accompanied by a very strong increase in volumes on the Bakkt platform. Tether also recorded a 109% increase in transactions over $ 100,000.

These developments have supported the growth of prices on the crypto market with significant percentages and have the potential to continue the upward evolution.

Details about the BitMEX incident

On Friday, the BitMEX exchange generated a security incident, revealing customers’ emails in a notification. In total, over 30,000 addresses were published, most of them now available on specialized Telegram groups. More than half of the addresses are created by first and last name, which facilitates the identification of the owners.

According to data published by analyst Larry Cermak on Twitter, there are some e-mail addresses that belong to the US government (.gov) or educational institutions (.edu). Officially, BitMEX is not allowed to provide services to US citizens, which means that the addresses can be used by authorities to identify those who use the exchange.

Some of the emails revealed have already been compromised, which means those accounts could be exploited. Unfortunately, BitMEX does not offer the option of changing your email address and may require a new KYC for all affected users. So far, the exchange has not provided a solution to the incident.

The UK tax authority updates the cryptocurrency taxation guide

The UK tax authority issued tax guidance for companies on Friday, supplementing the previous guidelines for individuals.

The guide clarifies the calculation method for capital gains tax, profit tax, national insurance contributions, income tax and others. The tax authority points out that Bitcoin and altcoins are not currencies, “shares or market securities”. Companies must keep track of transactions with cryptocurrencies in pounds sterling and keep track of the valuation methodology for these transactions.

SEC fines Reggie Middleton with $ 9.5 million

The SEC announced that it had reached an agreement with Reggie Middleton, the organizer of the Veritaseum ICO (VERI) worth $ 14.8 million. Middleton agreed to pay about $ 9.5 million to settle the case.

The case opened in 2017, and Middleton accused of raising millions of dollars through an initial coin offer, without registering it with the SEC. He also misled investors with false information.

One week after the ICO ended, Middleton claimed that a hacker stole 36,000 tokens, valued at $ 8 million. In an emergency action in August, the SEC froze Middleton’s assets and asked the court to prevent him from operating a public company or participating in a digital securities offering.