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Two-thirds of Surveyed South Koreans Say Cryptoassets Aren’t Securities


Over six in 10 South Koreans do not think cryptoassets are securities, a new opinion poll has found – although lawmakers may instead prefer to follow Washington’s lead in determining which coins to class as securities. The survey was conducted by Cratos, the operator of a blockchain...

10 Traditional Companies that are Moving into Crypto Despite Market Downturn


Big traditional companies have continued to embrace crypto in a variety of ways over the past year, despite the current market downturn.  To keep you up to date on who is doing what to secure their slice of the crypto economy, we have gathered a list of 10 traditional companies that have recently...

Fed Reveals Guidelines for Crypto Banks Who Want to Open ‘Master Accounts’


The Federal Reserve (Fed)'s governing board has unveiled guidelines that will standardize applications for “master accounts” from institutions “with novel charters,” including “cryptocurrency custody banks and their trade associations.”... Read More: Fed Reveals Guidelines for Crypto Banks Who Want...

US IRS Comes After Clients of Another Crypto Exchange


In a tax-related effort, the US Internal Revenue Service (IRS) is asking permission to look into the customers of crypto prime dealer SFOX Inc. and its partner. The service responsible for collecting taxes is seeking to do just that – collect taxes, but this time it’s searching to identify...

Crypto Exchanges Hotbit and Bitfinex Face Regulatory Headwinds


China-based crypto exchange Hotbit has suspended withdrawals after its assets were frozen due to an ongoing investigation. Meanwhile, Tether's sister company Bitfinex is ostensibly facing legal investigation in the US. Hotbit announced Wednesday that it has suspended trading, deposit, withdrawal...

US Inflation Slows Down in July, Bitcoin and Ethereum Jump


July’s US consumer price index (CPI) has seen a rise of 8.5%, or smaller than expected, suggesting an inflation peak and potential cool-off, after hitting 9.1% in June. (This is a developing story and will be updated as new details emerge.) Bloomberg-surveyed economists estimated that inflation...

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