b"
Simon's in the studio with Sara Feenan.
\\n\\nFirst up, Bitfinex Raises Fiat Withdrawal Fee, New Hardware Wallet Announced. The Hong Kong-based cryptocurrency exchange now charges at least $60/\\u20ac60, or 0.1 percent of the withdrawn amount. Users who want 24-hour money transfers on working days will have to pay a 1 percent fee.
\\n\\nBitmain Faces $5 Million Lawsuit Over Alleged Unauthorized Crypto Mining. On Nov. 19, lead plaintiff Los Angeles County resident Gor Gevorkyan Bitmain, alleging that the firm\\u2019s devices use customers\\u2019 resources to mine cryptos for its own benefit prior to full setup. The Complaint read: \\u201cBitmain\\u2019s ASIC devices are preconfigured to use its customers\\u2019 electricity to generate crypto currency for the benefit of Bitmain rather than its customers\\u201d.
\\n\\nThe SEC\\u2019s Recent Rulings Are More About Exchanges Than ICOs. Earlier this month, an SEC director revealed that the agency plans to release \\u201cplain English\\u201d guidance for when a token is and is not a security.
\\n\\nDon\\u2019t Force Public Blockchains \\u2018Down Enterprises\\u2019 Throats\\u2019. Amber Baldet thinks it\\u2019s too soon for enterprise to meet open, decentralised blockchains: \\u201cWe want to build those bridges out to the public networks, but I don\\u2019t think you get there by shoving public chains down enterprises\\u2019 throats before they are ready\\u201d. She believes that a gradual process of bridge-building between public chains and the private kind favored by corporations is needed.
\\n\\nOverstock surges 26% after CEO says it will sell retail business by February to focus on crypto. CEO Patrick Byrne plans to sell the retail arm of Overstock by February. Shares of Overstock surged as much as 26 percent Friday but the stock is down 66 percent this year.
\\n\\nOhio \\u2018Appears\\u2019 to Be First US State to Accept Bitcoin for Taxes. The move initially applies only to businesses, with plans to extend the offering to individual taxpayers in future. The payments are reportedly set to be processed via crypto payments service BitPay.
\\n\\nSpankChain Has Paid Camgirls $70,000 Worth of Crypto in 6 Months. SpankChain boasted 6,136 active users as of October, and has paid roughly $72,422 in cryptocurrency to 31 webcam models since the site launched in April. Fellow performer Molly Mae Meow, who has been camming for more than six years, said she makes much more money on SpankChain, which only charges performers 5 percent of their earnings compared to the standard 50 percent across the industry.
\\n\\nWe also have a great Tweet of the Week on Bitcoin regrets. Plus a sneaky, if explicit, contender from Colin G. Platt.
\\n\\nAll this and so much more on this week's episode of Blockchain Insider. And if you enjoyed our tweet of the week why not send us your best tweets? See if you can get a shout out on the show!
\\n\\nWe hope you enjoy the show and, as ever, don't forget to subscribe!
\\n\\nWant to join the conversation on all the topics discussed? Tweet the show @bchaininsider and if you really love the show, please leave us a review on iTunes.
\\n\\nThis week's episode of Blockchain Insider was produced by Laura Watkins and Petrit Berisha. Edited by Alex Woodhouse.
"