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Texas Issues Orders to Stop ‘Binance Assets’ and 2 Other Fraudulent Crypto Investment Platforms
18.3.2021
The Texas securities commissioner has entered emergency cease and desist orders to stop three cryptocurrency investment platforms from duping investors in the state. One scheme operates under the name “Binance Assets.” The regulator has found that all three platforms are fraudulent....
South Koreans Warned to Pay Tax on Crypto Held on Foreign Exchanges
18.3.2021
South Korea’s National Tax Service (NTS) is on the warpath – and has crypto firmly in its sights.
Fresh from swooping on over 2,400 individuals it said have sought to conceal their earnings by buying cryptoassets like bitcoin (BTC) and ethereum (ETH) – in some cases seizing crypto and freezing...
Visa Anticipates Cryptocurrency Becoming ‘Extremely Mainstream’ — Working to Allow Bitcoin Use at 70 Million Stores
18.3.2021
Visa CEO Al Kelly anticipates that cryptocurrency could become “extremely mainstream” within five years. He is working to position Visa in the middle of it should cryptocurrency take off. He further confirmed that Visa is working to allow bitcoin purchases, in addition to enabling...
Grayscale Launches 5 New Crypto Investment Products as Investor Demand for Cryptocurrencies Soars
17.3.2021
Grayscale Investments has launched five new cryptocurrency investment products, which are now available for subscription by eligible individual and institutional accredited investors. The company now offers a total of 14 crypto investment products. The new products are the Basic Attention Token...
NFTPs hitting bottom? Charmin joins in on the latest crypto craze
17.3.2021
Who knew we'd still be competing to buy toilet paper in 2021?
Crypto exchange Kraken says it is 'too big' to go public through a SPAC
17.3.2021
A spokesperson recently said "$10 billion would be a low valuation" for Kraken
Bitmex Cofounder Ben Delo Surrenders to US Authorities— Arthur Hayes to Follow in April
17.3.2021
Legal issues with crypto exchange Bitmex’s cofounders still make the headlines. Benjamin Delo surrendered to the U.S. authorities, and Arthur Hayes agreed to make the same maneuver in April. Delo Released on a $20M Bail Bond According to Bloomberg, Bitmex’s cofounder Benjamin Delo...
US-based crypto users likely still have to pay taxes on NFTs, says CNBC
17.3.2021
"If you exchange crypto for any other asset, you immediately recognize a capital gain or loss," said Robert Frank
Crypto Exchanges Might Be Getting Around 100K New Users Per Day - Analyst
17.3.2021
While multiple companies sharing how many millions of new crypto users they've got recently, one popular crypto analyst made an estimation, how many new bitcoin (BTC) traders crypto exchanges might be getting per day.
Willy Woo shared that, based on the data provided by on-chain analysis firm...
A Ledger Hardware Wallet Is the Best Solution to Protect and Own Your Private Keys
17.3.2021
The crypto economy is on the cutting edge of both finance and technology, which means that you need to be ever vigilant in protecting your digital assets. A critical component of doing so is using a hardware wallet from a company you can trust, like Ledger, to securely store your private keys....
Private Messaging App Signal Now Accepts Donations in Cryptocurrencies
17.3.2021
The nonprofit foundation behind the privacy-driven messaging app Signal is officially joining the cryptocurrency venture. In this case, the Signal Foundation announced it has started accepting crypto donations. Signal Foundation Also Takes Donations in Privacy Coins According to an announcement...
EAEU unlikely to find common ground on crypto regulation, official says
17.3.2021
The Eurasian Economic Union’s member states did not support an initiative to synchronize crypto regulations
Visa Boss Wants Company ‘in the Middle’ of Crypto as Cash ‘Declines’
17.3.2021
Alfred Kelly. Source: a video screenshot, Youtube, Business Live ME
The Visa CEO Alfred Kelly says that his company is set to embrace bitcoin (BTC)-related business in earnest, and claims that partnerships in both the crypto and stablecoin sectors are already in the pipelines – while adding...
South Korean Tax Agency Identifies Over 2,400 Evaders Who Used Cryptocurrencies to Bypass Taxation
17.3.2021
South Korean authorities seem to be focusing on strengthening measures to combat tax evasion across the nation. The country’s tax watchdog profiled thousands of evaders that relied on cryptocurrencies to hide assets worth billions of Korean won. Evaders Hid a Total of $32.24 Million in Assets...
TNC Launches UAE-Based Exchange Platform Aladdin Exchange
17.3.2021
PRESS RELEASE. TNC Group, the global blockchain entity responsible for massive projects in the blockchain and crypto space, recently launched the Aladdin Exchange — a UAE-based cryptocurrency exchange. The TNC team moves closer to realizing their vision of pushing forward more blockchain...
South Korean Authorities Liquidate Tax Dodgers’ Crypto Holdings
17.3.2021
South Korea’s tax authorities said they have evidence that 2,416 South Korean people have hidden their income by buying cryptoassets including bitcoin (BTC), ethereum (ETH) and more in efforts to avoid having to pay tax on their earnings – and have moved to seize and liquidate their crypto.
Per...
Cryptocurrency and Stock Trading Platform Etoro Aims to Go Public Through a $10.4 Billion SPAC Deal
16.3.2021
The online cryptocurrency and stock brokerage platform Etoro has announced the company is going public via a deal with a special purpose acquisition company called Fintech Acquisition Corp V. The Etoro merger is a $10.4 billion deal, backed by the banking entrepreneur and Fintech Acquisition Corp...
MP Claims that Russia’s Crypto Tax Threshold Is Subject to Change
16.3.2021
Russian parliamentarians could be set to alter the soon-to-be-imposed legal threshold for crypto tax declarations, a State Duma committee member has conceded.
As previously reported, lawmakers have previously voted in favor of a bill that would force crypto traders to declare total annual earnings...
Turkish Police Dismantle Massive Chinese Crypto Scam That Held 101 Hostages
16.3.2021
A massive police operation took place in Istambul, Turkey, against a Chinese gang’s crypto scam. Authorities found that criminals kidnapped 101 people and forced them to run scam operations. Scammers Tricked Hostages by Promising Them Work in a Legit ‘Crypto Investment...
Crypto-friendly trading platform eToro to go public via $10B SPAC merger
16.3.2021
Social trading platform eToro could become the next fintech player to pursue a public listing in the United States by merging with a blank check firm