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Bithumb Exchange Fighting Back Against ‘Groundless’ $69M Tax Bill
16.1.2020
The South Korea-based exchange is fighting a move by the country's tax authority to withhold over $69 million in tax on foreign cryptocurrency transactions
Anxious S Korean Crypto Exchanges Prepare for Crunch Talks with Banks
16.1.2020
Source: iStock/ma-no
Nervous South Korean cryptocurrency exchanges are preparing to renew their banking deals with domestic banks – with media reports claiming exchanges are feeling “pessimistic.”
Per Newsway, the country’s “big four” exchanges, the market-leading Bithumb, Upbit, Coinone...
Uzbekistan to Create National Mining Pool, Launch Licensed Exchange
16.1.2020
Establishing a “national mining pool” has been declared a priority in Uzbekistan. Miners who join the pool will enjoy lower electricity rates, announced the country’s agency overseeing the crypto industry. The Central Asian nation is also preparing to launch a licensed...
Kraken Acquires One of Australia’s Longest-Running Crypto Exchanges
15.1.2020
With its acquisition of Bit Trade, Kraken is making a major push into the Asia-Pacific region
Malaysia Looks to Tie Token Offerings to Exchanges
15.1.2020
Malaysia to restrict token offerings to exchanges the day after the US SEC warns against exchange offerings
SEC Issues Alert Against Initial Exchange Offerings
15.1.2020
The SEC has issued an alert to investors regarding initial exchange offerings. This warning is not an official statement on regulatory policy, but it does indicate the way the American market regulators view the practice and why many exchanges are shunning U.S. investors. Also Read: Telegram...
Startup Crypto Exchange Blade to Launch Zero-Fee Trading in February
15.1.2020
Crypto perpetuals exchange Blade will be introducing zero-fee trading next month in a bid to gain market share from rivals
Indian Supreme Court Hears In-Depth Arguments Against RBI Ban
15.1.2020
India’s supreme court spent all day hearing arguments against the crypto banking ban by the Reserve Bank of India (RBI) on Wednesday. The counsel for the Internet and Mobile Association of India presented extensive arguments to convince the court that the central bank acted outside...
Only These Exchanges Matter for Bitcoin’s Price Discovery - Research
15.1.2020
Source: iStock/hocus-focus
Only about 10 global cryptocurrency exchanges have any real impact on the price discovery in the bitcoin market, a new research study from crypto analytics firm Digital Asset Research suggests.
The study said that price moves that originate in one of these 10 exchanges...
Kraken Acquires Australian Crypto Platform Bit Trade
15.1.2020
The global crypto exchanges industry continues to consolidate as some smaller players bow out and the big players try to gobble up as much as they can of the rest. As part of this trend, Kraken has now taken over the Australian platform Bit Trade in a bit to strengthen its foothold in the Asia...
Binance to Launch Korean Support Center Following Investment in Local Startup
14.1.2020
Binance has made its first direct investment in a South Korean startup as part of a deal to launch a support center in the country
Upbit Exchange Resumes Ether Services Months After $49M Hack
14.1.2020
Upbit said users will need to create new wallet addresses to resume trading
CME Takes Its Bitcoin Options Live, Competing With ICE’s Bakkt
13.1.2020
The Chicago exchange has announced its highly-anticipated bitcoin options are now open for trading
Japanese Crypto Exchanges Might be Left Without Their Golden Goose
13.1.2020
Japan’s cryptocurrency community could be set for a shock following reports that the government is likely to accept regulatory proposals that would see leveraged trading caps slashed by 50% at the country’s crypto exchanges.
Per a number of leading Japanese media outlets, including Nikkei on Friday...
Eastern Europe Sees More Fiat Options for Trading Crypto
12.1.2020
The countries of Central and Eastern Europe, a diverse region sometimes referred to as the ‘Second World,’ are at different stages of their economic development and political integration with the EU or other supranational organizations. Having less established traditional sectors...
Japan Crypto Exchanges Face Imminent Margin Trading Limits: Report
11.1.2020
Japan is planning to take a harder line on crypto margin trading, sources tell the media
EU Countries Commence Crypto Regulations as Mandated by New Directive
11.1.2020
The European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions. Also read: Regs...
Hacker Group Lazarus Uses Fake Exchanges, Telegram Groups in Latest Malware Attacks
11.1.2020
A new report shows that North Korea-linked Lazarus Group has adapted and evolved new techniques since initial attacks, and are using phony trading platforms linking to Telegram channels which distribute malware, as well as making their malware more stealthy by “adding an authentication...
Cobinhood Announces Shutdown, Claiming It Will Audit User Accounts
10.1.2020
Troubled crypto exchange Cobinhood has announced it is shutting down – but just temporarily, it seems
Philippine ‘Crypto Valley of Asia’ to Get Own Airport
10.1.2020
The Philippines has a “Crypto Valley of Asia,” an initiative of the Cagayan Economic Zone Authority, the government agency responsible for managing the Cagayan Special Economic Zone and Freeport. An airport is now being planned for inside this economic zone to address the needs of...