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Philippines Now Has 16 Cryptocurrency Exchanges Approved by Central Bank


The number of regulated cryptocurrency exchanges in the Philippines has grown to 16, according to Bangko Sentral ng Pilipinas, the country’s central bank. One of the regulated exchanges has been helping the government and Unionbank to launch an app for bond purchases. 16 Registered Crypto...

Visa to Remain ‘Agnostic’ On Crypto, Will Support What Clients’ Demand


Payment card giant Visa said it has an “agnostic” view on cryptoassets, adding it will support all forms of “digital currencies and blockchain networks” that its clients demand. The clarification of Visa’s stance on crypto came in a blog post from the company published yesterday, where it also said...

US Banks Offering Crypto Custody is 'Insanely' Bullish and Risky


Source: Adobe/Prostock-studio While many in the Cryptoverse celebrate a decision by the US Office of the Comptroller of the Currency to allow all federally chartered banks in the US to provide cryptoasset custody services to their customers, it also brings an "existential" risk to Bitcoin...

Bitcoin and Altcoins Soar Past Crucial Hurdles


Bitcoin price started a steady increase yesterday above the USD 9,300 resistance. BTC extended its rally above the USD 9,400 and USD 9,500 resistance levels. BTC even spiked above USD 9,500 and it is currently (08:30 UTC) consolidating gains near USD 9,500. Most major altcoins also gained bullish...

Stablecoin Tether Set to Eclipse Bitcoin’s Daily Transaction Value


The most dominant stablecoin in the cryptocurrency ecosystem has seen some competition during the last few years, but the token tether has remained king in the face of rivalry. Just recently, a “Q2’20 review” published by the digital currency data and analytics firm Messari shows...

Bitcoin Surges Back Above USD 9,500 in a Rally Led by Ethereum & Co


After a month of low-volatility trading below USD 9,500, bitcoin (BTC) finally broke through the level, helped by a surge in ethereum (ETH) and other major altcoins. Although the rally was not unusually strong for a cryptoasset like bitcoin, getting the price of the asset above USD 9,500 is seen...

South Korea to Charge 20% Tax on Bitcoin Profits Under New Law


South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance...

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