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Singapore’s largest bank posts tenfold crypto volume growth in Q1 2021
4.5.2021
DBS CEO Piyush Gupta said the bank's exchange has scheduled a token offering for Q2
Dogecoin Listed on eToro; Overtakes Twitter and Ford
4.5.2021
With the crypto industry experiencing a boom, Dogecoin shocks everyone by reaching the 255th rank on Asset Dash rankings. Currently, Dogecoin holds a value of 49.8 billion dollars, making it even more valued than Twitter (44.1 billion dollars) and Ford Motor Company (45.2 billion dollars.)...
Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll Finds
4.5.2021
Opponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans...
Current Cryptocurrency Market Rally: Boom or Bubble?
4.5.2021
There is a lot of discussion happening around the cryptocurrency sphere nowadays. This is primarily because of the unprecedented momentum the crypto domain has achieved in 2021. The global economic meltdown caused by the Covid-19 pandemic has put the focus back on the utility of digital coins...
S&P launches cryptocurrency indexes, debuting with Bitcoin and Ether
4.5.2021
S&P Dow Jones Indices introduces three crypto indices to bring transparency to the emerging cryptocurrency market
Spanish Healthcare Group to Accept Cryptocurrency Payments, Citing Interest in ‘Bitcoin Revolution’
4.5.2021
Cryptocurrency regulation is still an ongoing topic for the Spanish government and regulators, with some not too friendly measures against crypto ads or enhancing tax rules. However, adoption is on the rise in different industries, and the healthcare sector is joining the frenzy. Patients Could...
South Korean Ruling Party Contemplates Postponing Crypto Tax in a Bid to Regain Younger Votes
4.5.2021
South Korean political parties are now battling to catch younger votes amid the tough stance among higher government spheres toward digital currencies. As voters are disappointed by how parties are handling the issue, one of them has taken a step forward by talking about the forthcoming crypto tax....
Ghana Regulator Labels Crypto Transactions Illegal— Urges People to ‘Stay Away From Them’
4.5.2021
Ghana’s Securities and Exchange Commission (SEC) recently warned residents of the West African country to avoid cryptocurrency transactions of any form. In the warning, the regulator reiterated that “cryptocurrencies are illegal in the country and are not regulated by the commission...
Thailand’s New Cryptocurrency Regulation Requires Users to Be Physically Present to Open Accounts
4.5.2021
The Thai government has reportedly imposed a new cryptocurrency requirement. Crypto exchanges will be required to verify users’ identities using a machine that requires the customers to be physically present. Thailand’s New Crypto Rules The Thai Anti-Money Laundering Office (Amlo)...
Fed’s Vice Chair for Supervision Calls on Bank Regulators to Pay More Attention to Cryptocurrency
4.5.2021
The Federal Reserve’s top supervisory official has called on bank regulators to pay more attention to cryptocurrencies and stablecoins. His comments followed a number of major banks announcing that they will be offering products based on cryptocurrencies, particularly bitcoin, to their...
Bitstamp announces US expansion after 570% increase in customers
3.5.2021
"The potential upside for new retail and institutional investors in the U.S. is astronomical," said CEO Julian Sawyer
DeFi resurgence lifts Maker, Aave and Compound price to new highs
3.5.2021
As Ethereum rallied to new highs, the total value locked in multiple DeFi platforms surged above $10 billion, lifting MKR, AAVE and COMP toward new all-time highs
E-Commerce Giant Ebay Looking at Accepting Cryptocurrency for 187 Million Buyers, CEO Reveals
3.5.2021
Ebay is looking at cryptocurrency as a payment option for its 187 million buyers on the platform, the company’s CEO has revealed. The e-commerce giant is also exploring opportunities in the non-fungible token (NFT) business. Ebay Looking Into Adding Cryptocurrency as Payment Option Ebay...
Hip Hop Star Nas Calls Himself ‘Cryptocurrency Scarface,’ Mentions Coinbase Investment in New Video
3.5.2021
Hip hop legend and recording artist Nasir Jones, known by his stage name “Nas,” recently released a new video with record producer DJ Khaled and rapper Jay-Z. The songwriter mentioned being a “cryptocurrency Scarface” and also mentioned the San Francisco company Coinbase...
Crypto.com to use CipherTrace tool to comply with FATF's travel rule
3.5.2021
Crypto.com has chosen CipherTrace's specialized compliance tool to help it fulfill the complex requirements of the FATF's industry-shaping “travel rule.”
Ethereum Reaches its All-Time High of $3050
3.5.2021
Making a handsome gain in its value, the second-largest cryptocurrency by market capitalization, Ethereum has gone beyond $3,000 on Sunday for the very first time. ETHUSD, on Sunday, was trading at its all-time high value of $3050. In comparison, the value of Ethereum was $208 a year ago, which...
Venezuelan Crypto Regulator Sunacrip Strengthens AML/KYC Requirements for Virtual Asset Service Providers
3.5.2021
Sunacrip, the Venezuelan cryptocurrency watchdog, has recently published a new set of AML/KYC requirements for VASPs (Virtual Asset Service Providers) that establishes new and updated rules about the kind of information these providers must require and share with the Venezuelan government, raising...
Cryptocurrency in Finland
3.5.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Cryptocurrency, particularly Bitcoin is becoming increasingly popular in Finland. The Finnish government has a rather complicated set of taxation rules surrounding the decentralised currency.
The...
Survey shows South Koreans support crypto tax law
3.5.2021
More than half of the survey respondents favored the controversial crypto tax law in South Korea
Nigeria Stopping the Rejection of Old or Torn USD Notes Underlines Why Crypto Is a Better Reserve Currency
3.5.2021
In early April 2021, the Central Bank of Nigeria (CBN) issued a circular warning Nigerian institutions to stop the practice of rejecting old or lower denomination USD notes. The CBN issued the warning after it became “inundated with complaints from members of the public on the rejection...