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Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law
26.9.2020
Israeli lawmakers have proposed in a draft new law to treat bitcoin as a currency instead of an asset for tax purposes, local media reported. According to a report from Globes, four legislators from the Yisrael Beiteinu political party presented the Income Tax Ordinance (Taxation of the Sale...
Cambridge University’s Third Crypto Study Records 101 Million Cryptocurrency Users Worldwide
25.9.2020
The University of Cambridge and the school’s Centre for Alternative Finance has published the third “Global Cryptocurrency Benchmarking Study.” The 71-page in-depth study examines the current growth of the crypto industry, mining, offchain activity, crypto asset user profiling...
China State Media Make Rare Reports Calling Crypto 2020’s Best Performing Asset
25.9.2020
Several Chinese state-owned media have made unusual coordinated reports describing cryptocurrencies as the year's top performing investment
Stablecoins Hit $20B Milestone, a Nearly 300% Year-to-Date Surge
25.9.2020
The total value of stablecoins has now surpassed $20 billion, reflecting the growing demand of investors looking to hedge their risks in both crypto and traditional markets amid the coronavirus pandemic
Israeli regulators propose Bitcoin be taxed as a currency, not an asset
24.9.2020
“The regulatory reality in Israel is not adapted to the existing reality in the field,” the proposed bill states
Smart Advertising Token SaTT Reveals ProBit as Next Exchange Listing
23.9.2020
Singapore, September 23, 2020 – Against the predominantly dim and drab ICO backdrop, smart advertising token SaTT ICO has continued to defy expectations. Alongside its remarkable ICO fundraising, the project is proud to announce yet another exchange listing, this time with the popular global...
Execs Managing $78B in Assets Say Institutional Investors Plan to Allocate More Cryptocurrencies
22.9.2020
New research from the digital currency insurance firm, Evertas, shows that a surveyed group of investors managing roughly $78 billion in collective assets believes that during the next five years, institutional investors will “dramatically” increase their crypto asset holdings. This...
Area2invest and Finoa Join Hands for Automated and Secure Asset Custody
22.9.2020
Digital asset banking platform Finoa announced on Monday that it has partnered with European digital securities’ marketplace area2invest, to help it provide efficient custodial services for tokenized securities and crypto assets. In the official tweet, Finoa said that it would provide automated...
Kakao Talks up DeFi, Wants to Build ‘Digital Asset Trading Ecosystem’
22.9.2020
The logo of the KakaoTalk chat app. One of South Korea’s biggest tech companies has spoken out about its desire to build an ecosystem for “trading” what it termed “digital assets” and has spoken about DeFi (decentralized finance) in glowing terms – at a forum hosted by a central government-run...
Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto Regulations
19.9.2020
The Gibraltar Financial Services Commission (GFSC) has updated its guidance notes for distributed ledger technology (DLT) providers to include recommendations for risk management, as well as clarify aspects around the issuance of digital assets. In a statement released on September 17,...
Financial literacy will make the digital asset industry sustainable for the future
19.9.2020
If we ever want legitimacy for digital assets in the world of mainstream finance, we need legitimate financial education
KuCoin Establishes Strategic Partnership with Poloniex to Elevate Digital Asset Exchange Industry
18.9.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Today (September 18), one of the world's most popular digital assets exchanges, KuCoin officially announced its strategic partnership with the internationally well-known digital assets exchange Poloniex. KuCoin...
Binance Supporting Flow Blockchain with BUSD Stablecoin
17.9.2020
New York, September 17, 2020 — Binance, the global blockchain company behind the world’s largest digital asset exchange by trading volume and users, announced today the agreement to support BUSD stablecoin on Flow, the blockchain developed by Dapper Labs, the company behind...
Proposed Bermuda Bank Taps Anchorage as Digital Asset Custody Partner
16.9.2020
Under the partnership, Anchorage will provide digital asset custody services to Jewel, which is applying for its full bank license in Bermuda
Bitcoin—An Investment Asset or a Variable to Fill the Flaw in the System?
16.9.2020
Bitcoin has been the most talked-about investment asset these days in the world where countries are approaching towards complete digitalization. Moreover, the ongoing Coronavirus Pandemic has amplified the need for the hour and has wholly modified the modern-day investment options, including...
European Union Seeks Strict Regulation of Crypto and Stablecoins in New Draft Law
12.9.2020
The European Commission, the executive arm of the E.U., has drawn up regulation to tightly monitor cryptocurrencies it considers “significant”, including asset-backed stablecoins like Facebook’s libra. Euractiv, a European news outlet, first reported the news on Sept.10, citing...
IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract
11.9.2020
The U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency...
European Crypto Exchange Hacked for $5.4 Million in Bitcoin
11.9.2020
Eterbase, a Slovak cryptocurrency exchange, revealed Thursday that it had been hacked for $5.4 million. Cyber-criminals broke into six hot wallets containing bitcoin, ethereum, algo, ripple, tezos, and tron, stealing everything, it said. Hot wallets are active digital asset accounts connected...
Digital Currency Group acquires cryptocurrency exchange Luno
9.9.2020
After providing initial seed funding to Luno in 2014, Digital Currency Group has acquired the cryptocurrency exchange platform
CEX.IO to Offer Instant Cryptocurrency-Backed Lending Service in 217 Countries and Territories
9.9.2020
LONDON, the United Kingdom – CEX.IO, one of the largest international exchanges in the cryptocurrency market, is set to launch a digital asset-backed lending service in September. Available in 217 countries and territories – including Australia, the United Kingdom, the European Union...