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Think Tank Tells South Korean Banks: Start Offering Crypto Custody Services


A research paper from an influential South Korean think-tank has recommended that banks enter the crypto custody and blockchain-as-a-service (BaaS) spaces to end their reliance on interest-based income sources. Per the news agency Yonhap, Lee Soon-ho, a senior researcher from the Seoul-based Korea...

Kava Swap Lists on AscendEX


PRESS RELEASE. AscendEX, a global digital asset trading platform with a comprehensive product suite, is thrilled to announce the listing of the Kava Swap token (SWP) under the pair USDT/SWP on Aug 31 at 1 p.m. UTC. In celebration of the SWP listing, AscendEX will work with the team at Kava Swap...

Pay Tax on Your Bitcoin Profits or Face Punishment, Mexican Auditor Warns


An auditor has warned that Mexicans must pay tax on bitcoin (BTC) and altcoin trading profits – or run the risk of becoming earmarked as money-laundering offenders. Per the news agency EFE, via El Nacional, Fidel Ortiz, the director-general of the accountancy FIXAT, claimed that BTC investment...

Banks Protest Crypto Firms' Claim to Federal Reserve Payments Systems


Crypto businesses are seeking access to the US Federal Reserve’s (FED) payments systems that legacy finance institutions use to move money around swiftly. However, in a bid to protect their privileged position in the US financial system, banks are protesting against providing crypto companies with...

Decentralized Bitcoin Exchange, USD 100M DeFi Initiative + More News


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _____ Exchanges news Payment giant Square and social media giant Twitter CEO Jack Dorsey said that Square's new division focused on creating...

Congressional Researchers Remind Of Crypto Regulations Risks


The US Congressional Research Service (CRS) is reminding lawmakers of trade-offs and risks related to potential forthcoming crypto regulations spearheaded by the US administration. At the same time, US Senators are developing proposals in a bid to protect the interests of crypto investors. The...

South African Central Bank Governor Reiterates: ‘Crypto Is Not Currency’


The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has reiterated the central bank’s longstanding belief that cryptocurrencies like bitcoin are not currencies. According to Kganyago, crypto-assets, as he prefers to call them, are not currencies because they fail to meet...

Bitcoin and Ethereum Hold Key Uptrend Support, XRP Consolidates


Bitcoin price is holding the USD 47,200 and USD 47,000 support levels. If BTC breaks the USD 49,000 resistance, it could start a stronger increase. It is currently (12:24 UTC) consolidating near the USD 48,000 level, with an immediate hurdle near USD 48,500. Similarly, most major altcoins...

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