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Bitcoin Suisse Completes a $48 Million Series A Financing Round

25.7.2020
Swiss crypto financial services provider, Bitcoin Suisse completes its first financing round of $ 48 million (CHF 45 million). The completed Series A financing round now has Bitcoin Suisse’s 2019 pro forma equity totaling around $108 million. The financing round includes 16.4% of shares...

South Korea to Charge 20% Tax on Bitcoin Profits Under New Law

23.7.2020
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance...

RedBlock Capital Enters into Partnership with Morpheus Labs

22.7.2020
RedBlock Capital, a globally acclaimed digital investment and fintech firm powered with blockchain technology, has announced the news about its strategic collaboration with leading DApp services provider, Morpheus Labs. The two renowned firms will put joint efforts to promote the development...

South African Exchange Valr Raises $3.4 Million in a Series A Funding Round

22.7.2020
A South Africa based cryptocurrency exchange, Valr has just raised $3.4 million in a Series A funding round led by 100x Group, the parent company to Bitmex. The funding round, in which 4Di Capital also participated, however, does not change Valr’s controlling shareholder structure. In...

Plutus Capital Unveils DeFi Lending App With Efficient Features

20.7.2020
Plutus Capital, a renowned financial and stock advisory firm has announced the news about the launch of a potential decentralized DeFi app offering the highest interest rates to the investors. The app has been designed to give the best-in-class financial tools to the users who strive to have full...

Bitcoin Pioneer LN Markets Raises Capital, Builds 'Liquidation Killer'

17.7.2020
LN Markets, the first bitcoin (BTC) derivatives exchange built on top of the Lightning Network (LN), reached USD 6m in total aggregate trading volume and is now raising capital in order to accelerate its growth. The platform was launched in December 2019 in Beta, while their Alpha version went...

Peter Schiff’s Bitcoin Hack Comment Invites Ridicule

16.7.2020
Euro Pacific Capital CEO, Peter Schiff’s comment suggesting Bitcoin might be the next target following a hack of multiple VIP Twitter accounts has been ridiculed by bitcoiners. Seemingly relishing the prospect of a bitcoin hack, Schiff a gold bug and a well-known bitcoin critic, signs off...

Value Locked In DeFi to More Than Double in 2020 - Spartan Capital’s Koh

13.7.2020
Despite already seeing huge growth this year, some investors believe the decentralized finance (DeFi) space has much more room to grow before the party is over, and that total value locked could still more than double in the next six months. The latest prediction for the future of the DeFi market...

South Korean MP Makes Bid to Impose Capital Gains Tax on Crypto

10.7.2020
Yang Kyung-sook. Source: Twitter, @yangkyungsook An influential South Korean MP has put forward a private members’ bill that would see crypto taxed under the nation’s capital gains tax laws. Per Jose Ilbo, Yang Kyung-sook, an MP for the ruling Democratic Party and a member of the National...

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