South Korea might be changing its stance regarding taxing cryptocurrency trading profits. Just weeks after the government said that they wouldn’t tax any profits made from digital assets, a new report indicates otherwise. The country could purportedly classify crypto gains in the same category as lottery winnings and thus tax them with 20%. South Korea...Read More
The popular economist and well-known nocoiner, Peter Schiff, has said that he’s lost all of his bitcoins because of a forgotten software. He took his rant to Twitter, outlining that the lost bitcoin has no market value, on top of having no intrinsic value as well. Peter Schiff Loses His Bitcoins Peter Schiff is a...Read More
The cryptocurrency market, being a relatively young and small one, is frequently affected by external forces. Sometimes, one of those factors could sound a bit strange on the surface, but it could deliver a severe impact. It’s the Chinese New Year. The Holiday is taking place during the next weekend, between January 25th (Saturday) and...Read More
While most people consider every cryptocurrency transaction anonymous, that’s not the case. Bitcoin, for example, has all transactions recorded on a public ledger, which can be easily accessed. In theory and practice, it’s entirely possible to associate a Bitcoin address with an individual, especially if he has ever used a cryptocurrency exchange, which requires identity...Read More
SEBA, the Swiss start-up bank selling cryptocurrency services to clients, is planning to initiate its second-stage fundraising. Less than two years after the first one that raised 100m Swiss francs ($103 M), the bank will seek the same amount to expand its services and develop additional products. Seba Bank To Raise 100M Last year, the...Read More
Craig Wright was supposed to receive the private keys needed to access over one million bitcoins at the start of this, but it appears that he didn’t. New information was disclosed earlier today, that firmly denies the rumors but he might still receive them in the near future. No Private Keys For Wright As Cryptopotato...Read More
The crypto community views cryptocurrencies in numerous ways. From trading opportunities to store of value, and occasionally for their real purpose of being used as a payment method. Today, the main topic will be a rather conspicuous one that has been discussed many times, but it needs more awareness – adoption. Furthermore, let’s examine an...Read More
Last week was nothing but volatile for Bitcoin and the entire cryptocurrency market. Fortunately, the volatility did well. Seven days ago, Bitcoin was trading at around $7,950, while today, the cryptocurrency stands at almost $8,900. This marks an increase upwards of 13% for the past seven days. It’s worth noting, however, that this time altcoins...Read More
Following this week’s triumphant Bitcoin rally, it seems that dozens of altcoins have been seeing significant price jumps. And today, it would seem that Ethereum Classic has jumped on the bandwagon too. In fact, ETC has seen a huge surge of about 40% over the course of the last 24 hours and as of today,...Read More
Binance will list a new set of FTX leveraged tokens that will allow users to open 3x long or short positions for Bitcoin and Ethereum. This comes less than a month after the Maltese-based exchange made a strategic partnership with the derivatives exchange, FTX. Binance Lists New Type Of Leveraged Tokens The leading cryptocurrency exchange...Read More
The critical situation between Telegram and the U.S. Securities and Exchange Commission (SEC) took another step forward. The market regulator now claims that the popular messaging company saw its upcoming Gram token as securities and thus should fall under established regulations. Is Gram Token A Security? Telegram’s controversy regarding its TON blockchain and its native...Read More
The QuadrigaCX scandal was a landmark case that became a red flag for the entire cryptocurrency community. The aftermath of it, however, isn’t over. Securities regulators in Canada are now preparing to clamp down on cryptocurrency exchanges which take custody of digital assets. QuadrigaCX Aftermath: CSA Publishes A Notice The Canadian Securities Administration has issued...Read More
2020 has so far been particularly positive for Bitcoin and the rest of the cryptocurrency market. Starting the year at around $7,100, BTC currently trades at almost $9,000, charting notable increases throughout the entire week. In the past 24 hours alone, Bitcoin gained another 3% to its value, increasing from around $8,650 to about $9,000...Read More
According to a 2019 investment report released by Grayscale, one of the world’s leading authorities on digital asset investment, the digital giant has managed to raise over $600 million throughout 2019, with most of the funding coming in from major institutional players. Specialized in digital asset diversification, the company managed to grow its investment base...Read More
In November last year, the South Korean cryptocurrency exchange, UPbit, was hacked. The perpetrators took approximately $50 million worth of Ethereum. A new report shows that $3.2 of the stolen funds is already laundered using small transactions towards numerous other exchanges. $3.2 M Of ETH Laundered During November in 2019, Cryptopotato reported that the popular...Read More
Craig Wright, who claims to be the creator of Bitcoin, Satoshi Nakamoto, has reportedly seen his defamation case against Hodlnaut dismissed by UK’s High Court. The reason for the court’s decision is that it doesn’t have the jurisdiction to rule. Craig Wright’s Case Against Hodlnaut Dismissed Craig Wright is undoubtedly one of the most well-known...Read More
Leading US cryptocurrency exchange and custodian, Gemini Trust Company, has taken a strategic step to provide robust coverage for the cryptocurrencies in its custody. Gemini Takes An Extra Step Owned by the Winklevoss twins, Cameron and Tyler, the exchange announced Thursday that it had launched its captive insurance firm, Nakamoto Ltd., to secure Gemini Custody,...Read More
The YouTube cryptocurrency purge was a hot topic in the last days of 2019, but it seems that it may not be over. Another prominent cryptocurrency YouTuber has bemoaned that he received a strike on a recent live stream video and is unable to upload new content. YouTube Purge Not Really Over? During Christmas time...Read More
The largest cryptocurrency exchange in South Korea, Bithumb, has filed a complaint with the Tax Tribunal against the National Tax Service (NTS). The company wants the Tribunal to nullify a tax for nearly $70 million, which was previously imposed by the NTS on its customers. Bithumb Fires Back At the end of 2019, NTS imposed...Read More
According to recent buzz on Twitter, one of the biggest names in the crypto-industry, Michael Novogratz, is speaking up and questioning the biggest price shift made by altcoins yet this year, raising a red flag for crypto-enthusiasts everywhere. Michael Novogratz is the CEO of U.S.-based Galaxy Digital Holdings Ltd, a limited partner of Galaxy Digital...Read More
The situation in Lebanon just got intense as the Western Asian country is currently facing what appears to be its worst economic crisis since the end of its civil war in 1990. Reports from international news media, France 24, today revealed that angry protesters launched a night-time attack on several banks in the Beirut, the...Read More
During yesterday’s turbulent price movements, most cryptocurrency exchanges recorded notable 24-hour Bitcoin on-chain flows. The Chinese-based Huobi stands above all in terms of inflow with $157M and only $78M out. Huobi’s Impressive 24H Inflows The popular monitoring resource, TokenAnalyst, examined the 24-hour Bitcoin on-chain inflows and outflows of eight of the most popular cryptocurrency exchanges....Read More
The majority of voters in a recent poll think that Bitcoin will surpass its all-time high of $20,000 in 2020. This comes just one day after an impressive price surge of almost 8%, confirming the generally positive sentiment in the community. 2020 – A New BTC ATH? The cryptocurrency market experienced a serious price increase...Read More
It appears that the cryptocurrency community won’t be seeing an SEC Bitcoin ETF yet again, as Bitwise has withdrawn its application which was filed in January 2019. According to the official note, the move is largely due to the public interest and pursuant to existing regulations. Bitwise Withdraws Bitcoin ETF Application A lot of people...Read More
Popular cryptocurrency exchange Bitstamp and California-based Silvergate Bank have partnered up to launch a new Bitcoin leverage trading product. It would allow institutional investors to trade with leverage collateralized by Bitcoin and held on the exchange. SEN Leverage By Bitstamp And Silvergate Bank The Luxemburg-based cryptocurrency exchange recently announced its involvement with Silvergate Bank’s new...Read More
Bitcoin set the stage for an impressive price increase throughout the whole market with a positive run to over $8,800 at one point. Amid all this, the popular transaction monitoring resource, Whale Alert, detected a $1 billion transaction carried out with BTC. $1 Billion Transferred For $80 The last 24 hours have been nothing short...Read More
With initial coin offerings (ICOs) virtually gone and initial exchange offerings (IEOs) now dominating the crypto industry as the newest method of fundraising for blockchain projects, the United States Security and Exchange Commission (SEC) has warned US investors to be cautious when investing in them. The regulator issued an official notice today, warning crypto investors...Read More
In a recent interview with Cheddar, Heath Tarbert, Chairman of the CFTC, sat down to talk about Phase 1 of the upcoming U.S.-China trade deal, slated to be signed on Wednesday of this week. According to Tarbert, the trade deal will “be an immense success,” and that once the agreement is signed, we’ll start to...Read More
Bitcoin Satoshi’s Vision (BSV) has surged over 100% today, creating a fresh all-time high at above $400. The price increase was steady throughout the entire day, and it followed news that Craig Wright has reportedly received the keys for the popular Tulip Trust. Bitcoin SV Price Surging To An ATH Saying that today was a...Read More
When news first broke out about Akon’s plans to build a “real-life Wakanda city” powered by cryptocurrency and renewable energy, many thought it was just a ruse for the African-American singer and entrepreneur to stay relevant. However, recent events have shown that the iconic rapper is indeed serious with his plans to build his own...Read More
