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Close to 11 Million BTC Haven’t Moved in Over a Year
13.1.2020
According to a new research report published by Digital Asset Data, more than 10 million BTC has been sitting dormant for a whole year. Data shows that unmoved bitcoins account for roughly 59% of the current minted supply and it’s the largest number of dormant coins since the start of 2017....
Harsh Laws Make Bitcoin Holders Consider Renunciation or Dual Citizenship
28.12.2019
As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their...
Bitcoin Gained 8.9 Million Percent Over the Last Decade
27.12.2019
2020 is fast approaching and the last decade will be behind us. Throughout the last ten years, the biggest unicorn firms were born like Uber and Airbnb. However, even though Bitcoin isn’t a company, the best investment of the decade belongs to the decentralized cryptocurrency Satoshi created....
Judge Rules Snowden Must Give Book Proceeds to US Government
21.12.2019
A U.S. district judge has ruled that former intelligence contractor Edward Snowden must turn over the proceeds of his new book to the U.S. government. According to the ruling, Snowden failed to obtain clearance for the materials and information used in his book. The same judge previously ruled...
Iran, Turkey, Malaysia Discuss Creating Unified Muslim Cryptocurrency
21.12.2019
At a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S. dollar. The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim...
SBI Partners With Stock Exchange Boerse Stuttgart to Drive Crypto Adoption
20.12.2019
Japanese financial services giant SBI plans to invest in two subsidiaries of Germany’s second-largest stock exchange Boerse Stuttgart Group
Fidelity-Backed Startup Fireblocks Is Now Certified Secure by Ernst & Young
20.12.2019
Digital asset security firm Fireblocks has successfully completed a major examination carried out by Big Four auditing firm Ernst & Young
Erisx Launches Regulated Bitcoin Futures Market
18.12.2019
Crypto trading platform Erisx has launched a bitcoin futures market regulated by the U.S. Commodity Futures Trading Commission (CFTC). Its physically settled bitcoin futures contracts trade alongside its spot market which supports four cryptocurrencies. Erisx has obtained a license from the U.S....
Denmark’s Tax Authority Sends Warning Letters to 20,000 Crypto Owners
11.12.2019
The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these...
Australia’s Stock Exchange Backs $35M Round for DLT Survivor Digital Asset
11.12.2019
Digital Asset has raised $35 million in Series C funding, signaling a comeback for the seminal enterprise blockchain startup
Bakkt Launches Bitcoin Options in US, Futures in Asia
10.12.2019
Bakkt has launched two new regulated bitcoin derivatives products. Within hours of launch, Bakkt announced that over 1,000 futures contracts had been traded in Asia. The platform now offers four types of regulated bitcoin derivatives products: monthly and daily physically delivered bitcoin futures...
IRS Now Requires Tax Filers to Disclose Crypto Activities
9.12.2019
The U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019. Tax experts are frustrated at the vagueness of the tax agency, with some questioning...
Deutsche Bank Strategist Predicts Crypto Could Replace Fiat Money
8.12.2019
Deutsche Bank analysts have made some predictions regarding the future of cryptocurrency. Strategist Jim Reid explained why cryptocurrencies are inevitable and how the existing fiat money system could crumble over the next decade, leading to soaring demand for cryptocurrencies. Also read: Swiss...
SEC Approves Bitcoin Futures Fund
7.12.2019
The U.S. Securities and Exchange Commission (SEC) has approved an investment fund that will invest in bitcoin futures contracts. SEC Commissioner Hester Peirce calls this move “a bit of progress.” The SEC has also revealed why it decided to approve such a fund. Also read: Swiss Licensed...
Boerse Stuttgart’s Crypto Exchange Live for All Traders in Germany
7.12.2019
Germany’s second-largest stock exchange, Boerse Stuttgart, has opened up its cryptocurrency trading platform to all interested traders in the country. This move follows the passing of a bill allowing banks in Germany to sell and hold cryptocurrencies for their clients starting next year. Also...
Fortune Star Digital Asset Fund Locks Over 85% of LFE Cash Tokens
6.12.2019
Fortune Star Digital Asset Fund (a professional Cayman Islands investment fund) has secured 3,547,437,988 LFE Cash tokens for its flagship digital asset fund that has been launched this week.
The post Fortune Star Digital Asset Fund Locks Over 85% of LFE Cash Tokens appeared first on Bitcoin News
South Korea Progresses Bill to Provide Legal Foundation for Cryptocurrencies
26.11.2019
The national policy committee of the South Korean National Assembly has approved a bill that would provide a legal basis for cryptocurrencies in the country
CFTC Chair on Crypto Regulation: We Don’t Want to Snuff out Innovation
22.11.2019
CFTC chairman Heath Tarbert says that the authority does not want to snuff out innovation by overregulating crypto
US CFTC Turns Its Fintech Lab Into an Independent Office in D.C.
24.10.2019
The United States CFTC has elevated its fintech hub LabCFTC to an independently operating office
Security Numbering Association to Consider Standards for Digital Assets
23.10.2019
A global association of national numbering agencies has set up a new task force to assess the adoption of identification standards for digital assets