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More S Korean Exchange Customers in Nervous Hunt for their Crypto


The South Korean media is carrying more reports of crypto exchanges delaying their clients’ withdrawal requests – and in some cases failing to respond to the customers altogether as investors’ worries about the security of their funds intensify. As previously reported, crypto holders with tokens...

South Korean City Threatens to Seize Cryptos From Tax Evaders


Crypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings. 511 Individuals in the Authorities’ Eyes...

Russian Finance Ministry, Central Bank at Loggerheads over Crypto Tax - Report


The Russian Ministry of Finance and the nation’s Central Bank are still at odds over crypto tax laws, per a local media report. According to Interfax, an anonymous “source familiar with the talks” between the two parties, who must forge the nation’s crypto policy, “cannot agree” on a number of...

Insurance Giant AXA Allows Swiss Clients to Pay for Services With Bitcoin


The French multinational insurance firm AXA is now allowing clients in Switzerland to pay for services in bitcoin. The newly added support is part of the company’s “digital future” and stems from customer demand for crypto payments. AXA Supports Bitcoin Payments In Switzerland...

MIT Crypto Professor Gary Gensler Confirmed as New SEC Chairman


The U.S. Securities and Exchange Commission (SEC) now has a new chairman, Gary Gensler. President Joe Biden’s pick, the MIT professor, whose classes included blockchain technology, digital currencies, and financial technology, has been confirmed by the Senate to lead the SEC. SEC Has a...

Crypto-First Trading App SimpleFX to Introduce Staking


PRESS RELEASE. SimpleFX, one of the world’s leading trading apps with both crypto and fiat accounts is going to invite traders to try out their beta staking module. The trading app is already recognized as a great alternative to mainstream Robinhood or eToro platforms. They win new users...

200-Year-Old American Wine Shop Now Accepts Cryptocurrencies 


Nearly every day now a new company is announcing the acceptance of cryptocurrencies in some form or another. Now one of the world’s largest fine wine auction houses and America’s oldest wine shop Acker has revealed digital currency acceptance to pay for auction payments and retail wine...

KuCoin Labs Launches 50 Million Fund to Find The Next Crypto Gem


Disclaimer: The text below is a press release that was not written by Cryptonews.com. On April 15, 2021, KuCoin, an IDG backed crypto exchange, announced the official launch of KuCoin Labs, an incubator and research arm in the KuCoin ecosystem. As the first step, KuCoin Labs has also established...

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