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Kentucky Pushes Mining Tax-Breaks in Bid to Attract Crypto Community
5.3.2021
The Kentucky House Budget Committee approved a bill in a 19-2 vote to eliminate the sales tax on electricity for use in cryptocurrency mining operations. The bill, designed to attract more miners to the state, is now in the Kentucky Senate for review. Lawmakers Urge Greater Crypto Appeal Despite...
Crypto Tax Compliance Startup Taxbit Raises $100 Million, Targets International Expansion
5.3.2021
U.S. crypto tax compliance startup Taxbit has raised $100 million in a Series A funding round led by investment firms Paradigm and Tiger Global. Paypal Ventures, Coinbase Ventures, and others including Bill Ackman, Ryan Smith, and Anthony Pompliano also joined the round. Taxbit chief executive...
Jim Rogers Regrets Not Buying Bitcoin but Warns Governments May Outlaw Cryptocurrencies
5.3.2021
Renowned investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, now regrets not buying bitcoin. However, he is still worried that governments can outlaw bitcoin if it becomes a viable currency. Jim Rogers’ Bitcoin Regret Jim Rogers said in an interview...
User Data Issue Threatens to Blight New South Korean Crypto Regulation
5.3.2021
A South Korean regulator has warned of a wrinkle in forthcoming crypto exchange-governing – just days from its promulgation. At worst, the issue could leave sensitive data about customers compromised due to a legal problem.
As previously reported, a key amendment to the existing Act on...
Former Bitcoin opponent says crypto is an effective hedge against currency debasement
5.3.2021
George Ball, who serves as Chairman of Sanders Morris Harris, believes cryptocurrencies like Bitcoin are an “attractive” part of a well-balanced portfolio
Argo Blockchain CEO becomes first publicly-traded company exec paid in Bitcoin
4.3.2021
The crypto miner CEO makes Bitcoin history by being the first exec of a publicly-traded company to take their full salary in Bitcoin
Dogecoin Adoption Rises: Bitpay Lets Merchants Accept DOGE, Coinflip’s 1,800 ATMs Now List the Crypto
4.3.2021
Crypto merchant service provider Bitpay has added dogecoin to its list of supported cryptocurrencies. One of its merchants, the Mark Cuban-owned Dallas Mavericks has become the first in the network to accept the meme coin. Meanwhile, a major crypto ATM operator Coinflip has made dogecoin available...
Thai Financial Regulator Claims Controversial Crypto Rule Proposal Was Just to Gauge Public Opinion
4.3.2021
The Thai financial watchdog has reportedly retreated from its initial controversial crypto rule proposal. Citing the country’s Securities and Exchange Commission (SEC), a local media outlet stated that public criticism was significant regarding the matter. People ‘Misunderstood’...
A Group of Crypto Proponents Burned an Original Banksy ‘Morons’ Print and Turned It Into an NFT
4.3.2021
Original artwork crafted by the pseudonymous England-based street artist and political activist Banksy has been burned in order to turn the art into a non-fungible token (NFT). The screenprint was one of only 500 made and was authenticated by Banksy’s verification company Pest Control....
Unslashed Finance raises $2M for crypto insurance platform
4.3.2021
Investors include Lemniscap, P2P capital and others. Unslashed Finance has sold $400 million in coverage since its private launch last month
Vietnam’s finance ministry warns about crypto trading risks
4.3.2021
Vietnam’s Ministry of Finance reminded the public that cryptocurrencies have no legal framework in the country
Famed NFT Artist Bosslogic to Create 2500 Exclusive Pieces for Ethernity Community
4.3.2021
Top-selling non-fungible token (NFT) artist Bosslogic has partnered with art collective Ethernity to deliver a 2500 piece collection of unique art. The Ethernity Chain community members can take part in an NFT auction via an online competition. Bosslogic Collaboration Decision Dovetails Surging...
Crypto.com launches $200M investment fund for cryptocurrency startups
4.3.2021
The $200 million will be used to invest in seed and Series A funding rounds for promising cryptocurrency startups
More Professionals Trust Crypto Than Want To Get Paid In It - Survey
4.3.2021
While popular interest in cryptocurrencies is surging across the world due to bitcoin (BTC)'s rally this year, a poll this week showed that 50% of surveyed professionals trust cryptocurrency, but only 39% would accept it as part of their compensation.
The survey was carried out by anonymous...
How wallet platforms are taking on exchanges
4.3.2021
With major exchanges suffering outages and hacks, and some abruptly suspending withdrawals, are wallet platforms a more compelling alternative?
Huobi secures crypto asset management license in Hong Kong
4.3.2021
A Huobi subsidiary has been given the green light to operate a crypto investment fund by regulators in Hong Kong
Exchanges Target Payments Sphere as Bitfinex Enters Crypto Pay Too
4.3.2021
Crypto’s so-called unsuitability as a form of payment – a charge leveled at the sector by its biggest critics – is increasingly being put to the test, as some of the world’s biggest crypto exchanges wade into the payments sector.
Per a press release shared with Cryptonews.com, the crypto exchange...
Colombia’s oldest commercial bank pilots crypto services
4.3.2021
One of the largest banks in Colombia, Banco de Bogotá, will pilot crypto services as part of a regulatory sandbox project
Grayscale Adds 174,000 LTC to Its Litecoin Holdings- Price of the Altcoin Unresponsive
4.3.2021
According to reports, Grayscale added 174,000 tokens to its litecoin holdings in the past month. This haul pushed its total holdings of the altcoin to 1.44 million. Following this acquisition, which represents 80% of all litecoin that were mined in the past month, the total value...
Crypto Valley's top companies up 680% in value since mid-2020
4.3.2021
Switzerland’s Crypto Valley is continuing to grow despite the Covid-19 pandemic, with its top 50 companies increasing in value by more than $200 billion in less than one year