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Bitcoin News Roundup for May 29, 2020
29.5.2020
With bitcoin and many traditional markets down on the day, CoinDesk's Markets Daily is back!
South Korea to Start Taxing Bitcoin Profits in 2021
29.5.2020
South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. South Korea’s Ministry...
Russia Doesn’t Want to Ban Bitcoin - Leading Parliamentarian
29.5.2020
The head of Russia’s parliamentary finance commission head has spoken out about new proposed legal amendments, details of which were released in the press – claiming that the measures will not criminalize cryptocurrency, such as bitcoin (BTC), purchases, and could even provide Russian crypto owners...
Reddcoin (RDD) Nears PoSV v2 Activation, Clearing Way for Explosive Developments
29.5.2020
Albuquerque, NM – May 29, 2020 – Feisty underdog and first generation cryptocurrency Reddcoin (RDD) launched the PoSV v2 consensus algorithm activation process on Christmas Eve 2019 enhancing all facets of support of the native lightning-quick blockchain to a self-funding independent...
Bitcoin and Altcoins Trend Turns Bullish
29.5.2020
In the past two sessions, there was a strong rise in bitcoin price above the USD 9,200 and USD 9,300 levels. BTC even broke the USD 9,500 resistance and it might continue higher towards the USD 9,800 and USD 9,950 levels in the near term.
Similarly, there was a steady rise in most major altcoins...
Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving
29.5.2020
Grayscale Investments has purchased more than 1.5 times the number of bitcoins mined since the third Bitcoin halving for its bitcoin trust. This indicates that there is a strong institutional demand for the cryptocurrency, which is expected to grow significantly post the coronavirus crisis. GBTC...
JPMorgan to Pay $2.5 Million to Settle Lawsuit for Overcharging Crypto Fees
28.5.2020
JPMorgan Chase has reportedly agreed to pay $2.5 million to settle a crypto class-action lawsuit. Originally filed in 2018, the suit alleges that the bank overcharged customers for buying cryptocurrencies using Chase credit cards, classifying the purchases as cash advances. JPMorgan Settles...
Will Easing Lockdown Lead to a Decrease in Bitcoin Trading in Russia?
28.5.2020
Financial experts and crypto exchanges say they are confident that as Russia comes out of lockdown, crypto trading and investment will continue to grow. But others warn that some locked-down crypto first-timers will exit the market – although they may not be missed.
As previously reported, Russian...
The Many Facts Pointing to Adam Back Being Satoshi
28.5.2020
During the last year, news.Bitcoin.com created a series that shows the many facts that point to certain individuals who might just be Satoshi Nakamoto and it’s been a popular run so far. Our series has covered nearly everyone, but there are still a few individuals that haven’t been...
Grayscale: Central Bank Digital Currencies Will ‘Neither Replace nor Harm Scarce, Uncompromising Bitcoin’
28.5.2020
Central bank digital currencies (CBDCs) pose no threat to Bitcoin’s value proposition, instead, they will spur its growth toward mass adoption. In a new report, Grayscale Investments said CBDCs will never replace BTC because unlike the top cryptocurrency, they can be inflationary and are open...
Bitcoin News Roundup for May 28, 2020
28.5.2020
Goldman talks down cryptocurrencies while Minecraft boots up tokenized assets. It's another episode of Markets Daily from CoinDesk!
Brace for Bitcoin Volatility as Large Number of Futures & Options Expire
28.5.2020
Bitcoin (BTC) holders may be in for a wild ride in the next few days, as an unusually large number of bitcoin futures & options contracts are set to expire this Friday on the institutionally-focused major derivatives exchange CME.
According to data from Skew, a firm that analyzes the crypto...
Kraken Mulls Lightning, Telegram Chief Donates Bitcoin + More News
28.5.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchange news
US-based crypto exchange Kraken might launch support for the Bitcoin Lightning Network by the end of the year....
Cryptocurrencies Spread 4X Faster in Undeveloped Countries: Blockchain Analysis Report
28.5.2020
During the month of April, the blockchain project Onfo initiated an experiment to see how fast crypto assets can gain popularity in four different countries. The team’s findings discovered that cryptocurrencies spread four times faster in developing nations as opposed to developed countries....
Samsung Adds Bitcoin Focused Exchange Gemini To Its Flagships
28.5.2020
The world's largest smartphone maker, Samsung, has integrated the Gemini exchange into its Blockchain Wallet on Galaxy smartphones in the US and Canada.
By connecting their Samsung Blockchain Wallet to the Gemini mobile app, users can buy and sell crypto, view their Gemini account balances,...
Why You Should and Shouldn't Care About Goldman Sachs' Report on Bitcoin
28.5.2020
Investment banking giant Goldman Sachs is being criticised for their division's poor research on Bitcoin (BTC). But it could be argued that the larger reason why the Cryptoverse should care about their latest presentation is that the bank is spreading misinformation to potential BTC investors...
Bitcoin and Altcoins Trading Near Make-or-Break Levels
28.5.2020
After a couple of failed attempts, bitcoin price was able to clear the USD 9,050 resistance level. BTC even recovered above the USD 9,200 resistance, but it struggled to continue higher. It is currently (08:30 UTC) correcting lower and it might find support near USD 9,050 or USD 9,000.
Similarly...
Leading Australian Regulated Micro-Investing App Adds Bitcoin Option for Investors
28.5.2020
Popular demand for cryptocurrency has prompted Australia’s leading micro-investing platform Raiz (formerly Acorns) to add a bitcoin investment option. Individual investors can round up their spare change and regularly invest in a bitcoin investment portfolio. Leading Australian...
Business Heavyweight Rakuten Offers Bitcoin ‘Cashback’ on Pizza Delivery
28.5.2020
Bitcoin Pizza Day (May 22) may have come and gone in most parts of the world, but in crypto-mad Japan, the festivities are still ongoing – with one of the country’s newest exchanges running a month-long bitcoin (BTC) giveaway promotion.
Rakuten – an e-commerce business empire that also runs...
Bitcoin Suisse: Users Can Now Trade Gold Against Bitcoin and Ethereum
28.5.2020
Swiss crypto financial firm Bitcoin Suisse has added gold, silver, and platinum to its platform, allowing users to trade the precious metals against both bitcoin (BTC) and ether (ETH), as well as five other major fiat currencies. The precious metal trades are available for 24/7 trading with...