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Prepping for an Airdrop: Prominent BCH Community Members Bid Bitcoin ABC Devs Farewell
2.9.2020
On August 18, 2020, the Bitcoin ABC development team announced a “feature freeze,” which will include a new Infrastructure Funding Plan (IFP) and a week later explained it was also initiating a “governance council.” Despite the recent announcements, Bitcoin ABC has lost...
Multiplier DeFi (Beta Release) Targets Tokenized Bonds
2.9.2020
1st September 2020, Hong Kong – Multiplier DeFi protocol has successfully completed a full audit by leading blockchain-based form verifier, and cyber security expert Certik. Following approval for its advanced blockchain protocol, Multiplier will commence its DeFi beta release on...
Bithumb ‘Partially Liable’ For a Customer’s Crypto Losses in 2017 Hack
2.9.2020
There has been mixed news from the courtroom for one of South Korea’s biggest crypto exchanges – with Bithumb found partially liable for a data leak that led to a customer losing just over USD 27,200 back in 2017. However, the trading platform was absolved of blame in two separate and much larger...
Akon Unveils Major Details of $6 Billion Cryptocurrency City: Real-Life Wakanda
1.9.2020
Akon has released detailed plans of Akon City, his $6 billion futuristic cryptocurrency city, which he calls a “real-life Wakanda,” referring to the hit movie Black Panther. There will be seven major districts, and the city will be run on the akoin cryptocurrency. Akon City’s...
Warren Buffett Shifts Funds From US Amid Inflation Fears, Bitcoin’s New All-Time High Expected
1.9.2020
Warren Buffett has made another major investment shift, one that reduces Berkshire Hathaway’s dependence on the U.S. economy. This news followed the Federal Reserve’s policy announcement to “push up inflation,” which is seen as bullish for bitcoin, with some predicting that...
Leading Stock Exchanges in Switzerland, Germany, Austria Now List Bitcoin ETP
1.9.2020
A bitcoin exchange-traded product by 21Shares is now listed on leading stock exchanges in three countries: Switzerland, Germany, and Austria. The company offers 11 cryptocurrency exchange-traded investment products in total. Growing Number of Stock Exchanges List Bitcoin Products Zug-based 21Shares...
Japanese Regulator Hints at ‘New Laws’ for Crypto Industry + More News
1.9.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
Japan’s top financial regulator, the Financial Services Agency (FSA), has spoken about possible forthcoming regulatory changes...
Bitcoin News Roundup for Sept. 1, 2020
1.9.2020
With ether reaching a two-year high and a breakdown on weird DeFi, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Revolut Adds Bitcoin Cash and Litecoin Support for US Customers
1.9.2020
Following the launch of Revolut’s new crypto exchange in the U.S. the company has added bitcoin cash and litecoin support. Alongside bitcoin and ethereum support, the trading platform’s added coins provide Revolut users with the ability to buy, store, and sell four different digital...
Suspected North Korean Hackers Move Bitcoin Worth $140K From Forfeited Account
1.9.2020
Suspected North Korean hackers on Monday moved 12 bitcoin, worth about $140,000, from one of 280 accounts the U.S. Department of Justice (DoJ) has targeted for seizure. The funds have been wired into an anonymous wallet, according to Whale Alert, a bot that tracks notable crypto transactions....
North Korea’s Stolen Bitcoin Loot Move Is ‘Just Tip of the Iceberg’
1.9.2020
Source: Adobe/Алексей Струйский
Bitcoin (BTC) has begun to flow out of the accounts that United States prosecutors said belong to North Korean hackers – but an observer in the South said that attempts to follow the money could result in disaster for firms, government bodies and financial services...
Tesla Foils Ransomware Attack After Employee Rejects Bitcoin Bribe Worth $1 Million
1.9.2020
Tesla’s Elon Musk has said the company recently foiled attempts to infect its computer network with malicious software, after an employee cooperated with the FBI in an investigation. The malicious software would create an opportunity for criminals to extort money from Tesla. Musk’s...
Defi Platform Uniswap Outpaces Coinbase Pro in Global Trade Volume
31.8.2020
The decentralized exchange (dex) Uniswap has seen a massive amount of trade volume during the last seven days. Following Uniswap’s rapid increase in global trade volumes, the platform’s founder Hayden Adams celebrated the dex outpacing the centralized exchange Coinbase’s volumes...
Ciphertrace Allegedly Builds Monero-Tracing Tools, XMR Proponents Disagree
31.8.2020
The blockchain surveillance firm Ciphertrace claims to have created the “world’s first” monero tracing tools for law enforcement. According to the company announcement, Ciphertrace developed forensic tools for the U.S. Department of Homeland Security (DHS) in order to track...
Bitcoin News Roundup for Aug. 31, 2020
31.8.2020
With bitcoin still lagging behind U.S stocks and additional tax guidance in the U.S., CoinDesk's Markets Daily is back for your latest crypto news roundup!
Crypto Earnings from Microtasks Still Taxable in the US - IRS
31.8.2020
Cryptocurrency is “a substitute for real currency,” and any “convertible virtual currency received is taxable as ordinary income,” a recently published memo from the US Internal Revenue Service (IRS) has declared.
The new clarification by the IRS was made in response to a request for clarification...
Venezuela’s Bitcoin Use Soars Amid Hyperinflation: 3rd on Global Crypto Adoption Index
31.8.2020
Venezuelans have become increasingly interested in cryptocurrency as their country faces dire economic crisis and hyperinflation, a new study by blockchain data analytics firm Chainalysis shows. The firm’s Global Crypto Adoption Index ranks Venezuela third as “The country has reached...
South Africa Might Impose Tighter Crypto Taxes Rules - Auditor
31.8.2020
The South African Revenue Service (SARS) could bring in stricter taxes for the country’s cryptoasset holders in the near future, potentially hampering the development of an industry that has emerged as Africa’s biggest, analysts claim.
Wiehann Olivier, a partner in the auditing division...
Bitcoin and Altcoins Overcome Hurdles
31.8.2020
After a couple of failures, bitcoin managed to surpass the USD 11,500 and USD 11,550 resistance levels. BTC even climbed above USD 11,700 and it is currently (08:30 UTC) consolidating above USD 11,600. The next major resistance for the bulls could be near USD 12,000.
Similarly, most major altcoins...
Chainlink Doomsday Predictions: Zeus Capital Warns Investors Not To ‘Get Fooled’
31.8.2020
Zeus Capital has doubled down on its doomsday predictions on Chainlink (Link). It is now warning investors: “don’t get fooled… exit your positions before its too late.” The asset management firm’s involved assessment follows a sharp decline in the price of Link in...