Microsoft resumes Bitcoin payments acceptance

IT giant had already "banned" Bitcoin payments for three times
10 January 2018   357

Microsoft accepts bitcoin as payment for its products again after a temporary suspension of the service caused by the "instability" of the cryptocurrency. This is reported by News Com Au.

Microsoft allows its customers to replenish accounts on its platform with bitcoins from 2014 onwards. During this time the company suspended the reception of crypto currency three times: in 2015, 2016 and last week.

The last episode was connected with "the instability of bitcoin as a currency," Microsoft explained.

In a conversation with on this Wednesday, a company representative confirmed the fact of the suspension of reception of payments in bitcoins.

We’ve restored bitcoin as a payment option in our store after working with our provider to ensure lower bitcoin amounts would be redeemable by customers. The bitcoin to me was always what the governments are gonna feel about bitcoin as it gets really big, and I just have a different opinion than other people. I’m not interested that much in the subject at all.
 

Microsoft spokeswoman

At the moment, the service is working in the standard mode, she added.

SEC Suspends Trading in 3 Companies

On Friday The U.S. Securities and Exchange Commission temporarily suspended the trading of three companies as they made the purchase of cryptocurrency and blockchain-related assets
17 February 2018   133

According to the announcement, the trade of  Cherubim Investments, Inc., PDX Partners, Inc., and Victura Construction Group, Inc. will be suspended between 9:30 a.m. EST Friday and March 2. The notice was dated Feb. 15.

SEC stated that its trading suspension orders state that recent press releases issued by CHIT, PDXP, and VICT claimed that the companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.

The release also indicates additional reasons for the suspensions. The agency’s orders also say there are questions regarding the nature of the company's business operations. In case of CHIT, the Commission suspended trading in the securities because of its delinquency in filing annual and quarterly reports.

In August 2017, the SEC  issued a warning for investors about the companies that may publicly announce ICO or coin-related events to affect the price of the company’s common stock.

Fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams. 

U.S. Securities and Exchange Commission