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Turkey Bans Crypto Payments


Turkey’s central bank banned the use of cryptoassets in payments as they entailed significant risks due to volatile market values, irrevocable transactions and are used in illegal actions, Reuters reported. Also, the bank said that these assets were “neither subject to any regulation...

Ethereum Breaks USD 2,500, DOGE Doubles while Bitcoin Consolidates


Bitcoin price corrected lower from the USD 64,900 zone. BTC broke the USD 63,000 support, but it is holding gains above the USD 62,000 level. It is currently (04:00 UTC) showing positive signs and it might start a fresh rally above USD 64,000. Besides, most major altcoins are trading in a bullish...

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...

BTIG Gives Coinbase a Buy Rating, Inverse Bitcoin ETF, XRP ETP + More News


Source: iStock/Photographer, Filmmaker, Designer Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investing news Global financial services firm BTIG analyst Mark Palmer gave Coinbase a buy rating...

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