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Advocacy Group Claims IRS-Issued Crypto-Warning Letters Violated Taxpayer’s Rights

14.7.2020
Close to a year ago last July, the U.S. Internal Revenue Service (IRS) revealed it would be sending ‘soft letters’ to suspected American cryptocurrency owners advising them to pay their taxes. Now according to the Taxpayer Advocate Service, a subsidiary of the IRS, the soft letters...

Blockchain Bites: Chainlink’s Interest, Ethereum’s ‘ReGenesis’ and Crypto Taxes

14.7.2020
Retail interest in Chainlink is booming, Ethereum may follow Cosmos on its path to upgrade and the U.K. central bank is mulling a CBDC

PayPal Told EU It Had Crypto Plans Back in March

14.7.2020
PayPal had previously declined to say whether it had any designs in the crypto space; the letter from early March appears to confirm it

Emerging Markets Drive Paxful First Half 2020 Bitcoin Volume to $1.1 Billion

14.7.2020
Peer-to-peer (P2P) crypto exchange Paxful reported Tuesday that its bitcoin trading volumes climbed 35% to $1.1 billion during the first six months of 2020 compared to $817 million a year ago. More than $182 million worth of bitcoin (BTC), on average, was traded on the platform every month between...

PayPal Makes Secretive Crypto 'Steps'

14.7.2020
Payments giant PayPal confirmed that it has taken "unilateral and tangible steps" to "develop its capabilities" in the cryptoasset area. In a letter to the European Commission (EC), dated March 2020, the company did not elaborate on these steps, taken since the inception...

PayPal Letter Seems to Confirm Crypto Capability Rumors

14.7.2020
Global payments giant PayPal could indeed be developing a crypto-based solution, this document shows

Fidelity Digital Assets to Custody Bitcoin in Kingdom Trust Retirement Accounts

14.7.2020
Kingdom Trust CEO Ryan Radloff hopes the partnership with Fidelity will nudge the investment giant closer to serving retail crypto investors

Shariah Law Opens to Crypto Trading, but Full Adoption Highly Unlikely

14.7.2020
The Islamic world seems primed for widespread digital asset adoption, as well-respected scholars claim that crypto trading is fully compatible with Sharia law

Five Years On, Ethereum Really Is the ‘Minecraft of Crypto-Finance’

14.7.2020
The Ethereum community has delivered on many of its promises, says the author of a new book charting the blockchain's early history

US Army Seeks a Cloud-Based Solution to Track Illicit Crypto Activities

14.7.2020
The U.S. Army Criminal Investigation Division Command plans to use a web application to track and trace cryptocurrency transitions

Gate.io, Huobi Enter Booming Crypto Options Scene

14.7.2020
The two exchanges are moving into the crypto options scene, which continues to grow as volumes on spot and futures markets spiral

Iran Licenses 14 Bitcoin Mining Farms, Cuts Electricity Tariff up to 47% for Miners

14.7.2020
Iran has reportedly issued permits for 14 bitcoin mining farms and will cut up to 47% off of the electricity tariff in order to support authorized cryptocurrency mining centers. Crypto miners will soon have to register with the government. Iran Licenses More Crypto Mining Farms The Islamic Republic...

BitGo Releases Crypto Wallet Compliance Tool for FATF's Travel Rule

14.7.2020
Major digital asset firm BitGo announces API support for the Financial Action Task Force’s travel rule

Binance Rolling Out Crypto Card for EU, UK Markets

14.7.2020
Users in Europe will be able to apply for the Binance Card from August, those in U.K. will be able to do so shortly afterwards

Binance’s Swipe-Powered Crypto Debit Card Debuts in Europe

14.7.2020
Binance Card, a highly anticipated crypto debit card by Binance, will support four cryptocurrencies at launch

US Regulators Take Joint Action Against Crypto Firms’ Swaps Offering

14.7.2020
Two related cryptocurrency firms have fallen foul of U.S. financial regulators for entering into illegal off-exchange swaps in digital assets and foreign currency

Competition to Cut Fee Premium on 'Safer' Crypto Exchanges Too

14.7.2020
Despite some crypto exchanges still increasing their trading fees, the future may bring about a highly anticipated reduction in fees as competition heats up in the industry, crypto research firm Arcane Research said in a new report. Even though bitcoin itself can be considered “a homogenous...