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Mike Novogratz’s Galaxy Digital Holdings Reports $38.5 Million Income for Q2: “We’ve Crossed the Rubicon’
16.8.2020
Galaxy Digital Holdings reported on Friday, August 14 that its comprehensive income for Q2 grew to $38.5 million. The figure reflects both net realized and unrealized gains from digital assets, as well as investing activities of $28.3 million. In an earnings call, Galaxy Digital President, Chris...
YouTube Bans Crypto Channel for 'Encouraging Illegal Activities'
3.8.2020
Crypto channel Altcoin Daily run by brothers Aaron and Austin Arnold was reinstated by YouTube after more than two days offline
China Never Banned Bitcoin as Commodity, Beijing Arbitration Commission Explains
2.8.2020
The Beijing Arbitration Commission has published an article clarifying that bitcoin’s use as a commodity has never been banned in China. It explains that the Chinese authorities’ attitude toward controlling bitcoin revolves around three areas. China Recognizes Bitcoin as Commodity...
US Regulator Green-Lights Banks for Cryptocurrency Custody Services
23.7.2020
The Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related...
Singapore May Extend Crypto Regulation to Include Overseas Activities
21.7.2020
Under the central bank's proposals, Singapore regulation would end up covering the overseas activities of locally based crypto companies
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
Cardano Foundation Warns About Suspicious Activities in Japan
9.7.2020
The Cardano Foundation has warned that a suspicious firm is trying to rake in investments by claiming contact with the foundation
The US Plan to Monitor Illegal Crypto Activities More Sufficiently
29.6.2020
U.S. agencies sought millions of dollars in new funding to bolster national and international cryptocurrency investigations
Coinhako Teams Up With Merkle Science To Combat Crypto-based Criminal Activities
23.6.2020
Singapore-based highly acclaimed digital wallet and exchange services providing firm, Coinhako has announced the news about its strategic collaboration with Merkle Science, a regulatory technology entity. Merkle Science will work as the blockchain transaction monitoring provider for the Coinhako...
IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt
17.6.2020
The Internal Revenue Service (IRS) has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1.1 million tax debt. Alexander and Laura Strashny proposed to the IRS to pay their 2017 tax liability, generated from non-crypto activities, in installments over...
5 Chinese Banks Say Legal Crypto Traders’ Accounts Will Not Be Frozen as Police Widen Crackdown
15.6.2020
Following reports that Chinese authorities are freezing bank accounts of cryptocurrency traders, five banks have reportedly clarified their policies. They confirmed that accounts with legal crypto transactions will not be frozen. However, some people claim that their accounts have been frozen...
Examining the Status of Stablecoin Minting and Burning Activities
12.6.2020
We selectively analyzed six stablecoins — USDT, GUSD, HUSD, PAX, TUSD and USDC — to uncover their minting and burning activities so far in 2020
Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses
10.6.2020
A loophole in the U.S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U.S tax collection agency Internal Revenue Service (IRS) as people who trade...
Chinese Authority Freezes Thousands of Cryptocurrency Traders’ Bank Accounts
9.6.2020
Several thousands of bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown on illicit activities. Frozen accounts are not necessarily involved in wrongdoing and can be unfrozen if the authority finds no evidence...
BitMEX Faces Lawsuit for Alleged Racketeering and Extensive Illicit Activities
18.5.2020
BitMEX and its executives have been accused of engaging in or abetting crimes that include racketeering, money laundering, wire fraud and unlicensed money transmission
Positive On-Chain Activities During Bitcoin Halving Countdown
10.5.2020
On-chain data indicates that miners are holding their Bitcoin heading into the halving
Coinhouse obtains mandatory AMF registration for its crypto activities
22.4.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Photo: iStok/AndreyPopov
Coinhouse & Coinhouse Custody Services, the first companies to obtain mandatory AMF registration for digital assets related activities
Paris - April 6th 2020 - The AMF (the French...
Microsoft Patents New Cryptocurrency System Using Body Activity Data
29.3.2020
Microsoft has patented a cryptocurrency mining system that leverages human activities, including brain waves and body heat, when performing online tasks such as using search engines, chatbots, and reading ads. “A user can solve the computationally difficult problem unconsciously,”...
Darknet Vendors Work Overtime as Police Halt Drug Arrests
19.3.2020
The coronavirus is having a strange effect on the war on drugs. Narcotics activities that were deemed serious crimes only a week ago have been dropped by U.S. law enforcement, who have greater concerns now that cities are under effective lockdown. Meanwhile, darknet vendors are doing their best...
Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks
13.3.2020
Bitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized as financial institutions. Bitcoin Group...