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US Treasury Unveils Biden’s Proposed Tax Measures — Cryptocurrency Transfers Over $10,000 to Be Reported to IRS
The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement for businesses that receive crypto assets with a fair market value of more than $10,000 to report transactions to the IRS. Treasury […] дальше »
2021-5-20 20:32 | |
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Dogecoin Becomes Most Searched Financial Term On Google In India
According to the number of searches this month, Dogecoin is the most searched financial term on Google in India, ahead of Sensex, Nifty, Bitcoin, or Mutual Fund, reported the country’s leading financial daily The Economic Times. дальше »
2021-5-20 16:13 | |
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Crypto Exchanges Go Down as Crypto Prices Dip Amid Huge Selloffs
Coinbase is not the only one to experience issues during the crypto crash, with Binance, Gemini, and CoinMarketCap also experience reported outages. The post Crypto Exchanges Go Down as Crypto Prices Dip Amid Huge Selloffs appeared first on BeInCrypto. дальше »
2021-5-19 18:30 | |
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Polygon Surpasses $10 Billion in TVL as MATIC Emerges the Winner in Bloody Red Market
The latest winner in the cryptocurrency market is the Ethereum layer 2 scaling solution, Polygon, which, as we reported, has been gaining immense traction for the past few months. With ETH becoming extremely costly for small users, scalability solutions have been slowly growing into popularity. дальше »
2021-5-19 16:30 | |
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Indian Govt. Backpedddling Bitcoin Ban? New Panel Planned to Study Crypto Regulations
The government of India may form a new panel of experts to study the regulation around cryptocurrencies in the country, reported the local publication citing sources privy to the discussions. A committee headed by former finance secretary, Subhash Garg in 2019, had recommended a blanket ban on crypto-assets which has now been seen as outdated. дальше »
2021-5-19 15:51 | |
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Elon Musk Impersonators Rake in $2 Million: Regulator Warns of Fake Giveaway Cryptocurrency Scams
The U. S. Federal Trade Commission (FTC) says reports of cryptocurrency scams have skyrocketed. In particular, people have reported sending more than $2 million in cryptocurrency to Elon Musk impersonators within the past six months. дальше »
2021-5-18 14:30 | |
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Galaxy Digital’s Q1 Net Income More Than Doubles
Galaxy Digital has reported another consecutive record quarter, over doubling its net income to $860 million from $336 million during the previous quarter. The post Galaxy Digital’s Q1 Net Income More Than Doubles appeared first on BeInCrypto. дальше »
2021-5-18 22:30 | |
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Galaxy Digital Reports $860M in Net Income in Q1 2021 and Surpasses $1 Billion in AUM
Mike Novogratz’s Galaxy Digital reported a profitable Q1 2021 with $860.2 million in net comprehensive income, a complete turnaround from the $27 million loss in Q1 2020. Novogratz, founder, and CEO of Galaxy Digital said, “Galaxy Digital reported another consecutive record quarter, as net comprehensive income grew to $860 million from $336 million in the […] The post Galaxy Digital Reports 0M in Net Income in Q1 2021 and Surpasses Billion in AUM first appeared on BitcoinExchangeGuide. дальше »
2021-5-18 20:36 | |
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Company Reports Close to Zero Carbon Emissions From Its BTC Mining Operations
Digihost Technology has reported that over 90% of the energy consumed by its bitcoin (BTC) mining operations is from sources with zero carbon emissions. The post Company Reports Close to Zero Carbon Emissions From Its BTC Mining Operations appeared first on BeInCrypto. дальше »
2021-5-18 18:50 | |
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Indian Crypto Investors Express Outrage As Multiple Exchanges Face Challenge With Banks Stopping Transactions
Indian cryptocurrency investors are all fire and fury as some of the banks are reported to have blocked payments to and from cryptocurrency exchanges. This has led to a sudden disruption in cash flow for the investors as well as the exchanges. дальше »
2021-5-14 19:26 | |
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Launch of Bitcoin ETFs in the U.S. could see further delays, here’s why
Several industry leaders say recent comments by US Securities and Exchange Commission (SEC) chairman Gary Gensler have delayed the possible launch of a Bitcoin exchange-traded fund (ETF) in the country, financial industry outlet Bloomberg reported Tuesday. дальше »
2021-5-12 04:00 | |
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Palantir Reveals First Quarter Results, Starts Accepting Bitcoin
Software and analytics maker Palantir today reported 49% revenue growth for its first quarter of 2021. The post Palantir Reveals First Quarter Results, Starts Accepting Bitcoin appeared first on BeInCrypto. дальше »
2021-5-12 21:50 | |
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Korean banks sound alarm as altcoins volumes grow in the country
The Korea Federation of Banks (KFB) has recently urged its members to estimate the total number of altcoins their crypto exchange clients are offering to measure risks associated with them, local outlet The Korea Herald reported yesterday. дальше »
2021-5-11 19:00 | |
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Macau casino investor bets on Bitcoin (BTC) amidst a bleak economic outlook
Chinese publicly listed firm Success Universe Group Ltd, which is a major investor in Macau-based casino and hotel resort Ponte 16, announced that it has purchased 24. 3 Bitcoin ($1. 35 million currently) as part of its portfolio diversification strategy, Inside Asian Gaming reported today. дальше »
2021-5-11 16:00 | |
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Security Incident: EasyFi to Compensate 100% of the Depositors Net Balances
A Brief History of the Attack A multichain layer 2 protocol on Polygon, Ethereum, and Binance Smart Chain (BSC) network, EasyFi, reported a hack on April 19, resulting in the loss of millions of dollars worth of funds from the official contracts of EasyFi. дальше »
2021-5-10 12:55 | |
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Citi Sees ‘Very Rapid’ Accumulation of Interest in Bitcoin — Contemplates Launching Crypto Services
Citigroup is reportedly seeing a “very rapid” accumulation of interest in bitcoin across a broad spectrum of clients, including large asset managers. The bank is now considering launching its own crypto services as a growing number of banks are offering bitcoin-related services to their clients, including Goldman Sachs and Morgan Stanley. Citigroup is reported considering […] дальше »
2021-5-9 03:30 | |
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ING Bank Says DeFi Could Be More Disruptive Than Bitcoin To The Financial Sector
CNBC recently reported that more American banks will be adopting Bitcoin, allowing their customers to buy, sell, and HODL through their bank accounts. This is according to Cryptocurrency custody firm NYDIG, whose recent partnership with Fidelity National information services could merge banks and Bitcoin into one space. дальше »
2021-5-8 21:16 | |
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Square Revenues Triple, Fueled By Bitcoin Purchases
Square, Inc. (SQ) reported first quarter 2021 earnings this week, and the company revenues vastly surpassed the analyst’s expectations. Quarterly revenues to start the year came in at over $5B USD, compared to average analyst projections anticipated $3. дальше »
2021-5-8 20:41 | |
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Korean crypto exchanges could face harsh laws if new proposal is passed
The ruling party of South Korea has proposed a new bill that aims to limit crypto-related companies’ ability to trade digital assets and increase their liability in case of a hack, local news outlet Naver reported today. дальше »
2021-5-7 19:00 | |
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South American MercadoLibre Adds $7.8 Million worth Bitcoin to its Treasury
The online marketplace company also posted a larger quarterly loss, hit by a higher tax bill. Meanwhile, its fintech arm, Mercado Pago, reported a surge of 81. 8% in total payment volume during the pandemic. дальше »
2021-5-7 17:26 | |
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FBI plans to put warning signs on Bitcoin ATMs to hinder scammers
The Cuyahoga County (United States state of Ohio) Scam Squad and the Federal Bureau of Investigations (FBI) have issued a public warning as scammers began to actively use Bitcoin (BTC) ATMs to defraud people, TV channel News 5 Cleveland reported on Tuesday. дальше »
2021-5-5 22:00 | |
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Argentinians are flocking to Bitcoin (BTC) amid inflation, economic decline
The popularity of Bitcoin and other cryptocurrencies is skyrocketing in Argentina as local residents look for new ways to offset inflation, global news agency AFP News reported today. The post Argentinians are flocking to Bitcoin (BTC) amid inflation, economic decline appeared first on CryptoSlate. дальше »
2021-5-5 07:00 | |
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Crypto Exchange OKEx to Integrate Ethereum Layer-2 Scaling Solution Arbitrum
Leading crypto exchange OKEx is ready to integrate Layer-2 Ethereum scaling solution Arbitrum. OKEx to Support Arbitrum Deposits and Withdrawals In an announcement made on May 2, one of the largest cryptocurrency exchanges by reported trading volume, OKEx stated it is collaborating with Arbitrum – a market-leading Optimistic Rollup scaling solution geared toward making theRead More дальше »
2021-5-4 09:00 | |
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Thailand mandates ‘in-person’ KYC for crypto traders
Thailand’s crypto traders will be soon required to be physically present for opening an account at one of the many exchanges and wallet providers based in the country, local outlet Bangkok Post reported today. дальше »
2021-5-3 16:00 | |
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Venture Capital Giant Is Planning to Raise $1 Billion to Invest In Cryptocurrencies and Startups
Andreessen Horowitz, a venture capital giant, is looking to raise as much as $1 billion in cryptocurrencies and crypto startups. This new fund aims to raise between $800 million and $1 billion from investors, reported the Financial Times, citing people familiar with the matter. дальше »
2021-5-2 15:34 | |
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Surveillance project supported by Ripple’s Chris Larsen sees backlash from LGBTQ group
A $695,000 donation from Ripple co-founder Chris Larsen towards a community-led surveillance camera project in San Francisco is receiving backlash from certain sections of society, local outlet San Francisco Examiner reported today. дальше »
2021-5-1 07:00 | |
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Beijing Is Collecting Data From Local Datacenters Involved in Cryptocurrency Mining Activities
Authorities in Beijing have been conducting checks on cryptocurrency mining datacenters to assess and understand its energy consumption and thus the impact on the electric infrastructure. Although it was reported as a rumor by international media outlets, Chinese state media confirmed it. дальше »
2021-5-1 01:30 | |
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Ethereum, BitTorrent, Theta Price Analysis: 30 April
Ethereum's market has been responsible for saving the altcoins from a bearish trend as the Bitcoin market struggled to recover. Ethereum has reported a strong surge of 32% since the last drop it notedThe post Ethereum, BitTorrent, Theta Price Analysis: 30 April appeared first on AMBCrypto. дальше »
2021-5-1 20:00 | |
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Bitcoin miners in China receive ’emergency notice’ amidst energy concerns
The Beijing Municipal Bureau of Economy and Information Technology has begun sending out “emergency notices” to local data centers, urging their operators to report whether they are involved in cryptocurrency mining, Reuters reported yesterday. дальше »
2021-4-30 19:00 | |
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“Institutional Money is Moving Toward Ethereum,” says Guggenheim’s Scott Minerd
After Bitcoin, institutions are now getting interested in Ethereum. As we reported last week, there has been an improving appetite for Ethereum compared to poor sentiment for Bitcoin. This year, $792 million have flowed into Ethereum products bringing its assets under management to $10. дальше »
2021-4-30 16:12 | |
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This small Caribbean island fully embraces Bitcoin in absence of banks
Bequia, a small island in the Caribbean just 18 square kilometers in size, is primed to become the world’s first fully Bitcoin-enabled community, Euronews reported earlier this week. The post This small Caribbean island fully embraces Bitcoin in absence of banks appeared first on CryptoSlate. дальше »
2021-4-30 07:00 | |
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Bitcoin Titan MicroStrategy Reports Major Growth In First Quarter
MicroStrategy reported first quarter revenues of $122.9 million and its equity has increased 385.59% since it adopted a Bitcoin standard. дальше »
2021-4-30 01:05 | |
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Turkish Govt. Planning to Establish a Central Custodian Bitcoin Bank to Remove Counterparty Risk
Turkey is now planning to regulate its cryptocurrency market after two exchanges Thodex and Vebitcoin’s collapse in a matter of days. According to a senior official familiar with the plans, the government is planning to establish a central custodian bank to eliminate counterparty risk, reported Bloomberg. дальше »
2021-4-29 18:13 | |
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Binance Smart Chain (BSC) Project Uranium Finance Exploited for $50 Million
BSC-based automated market maker Uranium Finance has been exploited for $50 million, reported the project Wednesday morning. The tweet reads, “The only thing that matters is keeping the funds on BSC, everyone please start tweeting this address to Binance immediately, asking them to stop transfers. дальше »
2021-4-28 16:50 | |
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MetaMask User Growth Milestones Bolstered by DeFi and NFTs
In an April 27 report by ConsenSys, the Ethereum software solutions firm that develops MetaMask, it was revealed that the wallet has grown by five times over the past six months. In October 2020, MetaMask surpassed one million cumulative monthly active users for its browser extension and mobile app for the first time, as reported … Continued The post MetaMask User Growth Milestones Bolstered by DeFi and NFTs appeared first on BeInCrypto. дальше »
2021-4-28 10:08 | |
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Binance Set to Launch BSC, Ethereum Compatible NFT Marketplace in June
Major cryptocurrency exchange Binance is primed to join the NFT bandwagon. Binance to Launch NFT Marketplace Binance, the world’s largest cryptocurrency exchange platform by reported trading volume today announced it would launch a non-fungible-token (NFT) marketplace in June. дальше »
2021-4-27 16:00 | |
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Elon Musk hits back at accusations of promoting a Bitcoin pump-and-dump scheme
Recently, Tesla reported its Q1 2021 Financial Results on its official website. the report showed that Tesla sold $272 million worth of Bitcoin, thus, securing a profit of $101 million as seen below. дальше »
2021-4-27 15:30 | |
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Korea’s financial watchdog orders employees to disclose crypto holdings
The chairman of South Korea’s Financial Services Commission (FSC), Eun Sung-soo, has ordered the regulator’s employees involved in digital assets-related policymaking to disclose their crypto holdings by May 7, local outlet The Korea Times reported today. дальше »
2021-4-27 13:00 | |
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Americans say cryptocurrencies have a ‘negative’ impact on their relationships
In a recent survey, 60% of US investors reported a decline in the quality of their personal relationships after being involved in the crypto sector, a report on Bloomberg pointed out Sunday. The post Americans say cryptocurrencies have a ‘negative’ impact on their relationships appeared first on CryptoSlate. дальше »
2021-4-27 04:00 | |
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Korean Financial Authority Launches Crypto Investigation on Employee Investments
The Korean Financial Services Commission, South Korea’s financial regulator, has launched an internal investigation relating to crypto investments by employees. Local media outlet Yonhap News reported on April 26 that the FSC will receive reports on the investment status of employees until May 7. дальше »
2021-4-26 12:01 | |
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Korean tax officers seize $22M in crypto directly from exchange accounts
South Korea’s Seoul metropolitan government has seized 25 billion won ($22 million) worth of crypto from tax evaders—directly out of their exchange accounts, local news outlet Yonhap reported yesterday. дальше »
2021-4-25 03:33 | |
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62 detained in Turkey a day after alleged $2 billion crypto ‘exit scam’
Turkish police have detained 62 people across eight provinces in connection to an ongoing investigation into local crypto exchange Thodex going dark, news agency Associated Press reported today. The post 62 detained in Turkey a day after alleged $2 billion crypto ‘exit scam’ appeared first on CryptoSlate. дальше »
2021-4-24 19:00 | |
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