Category: cryptocurrencies

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100M people worldwide now use crypto-based assets, says Cambridge study

September 24, 2020

Skyrocketing figures show crypto’s growing global dominance.Skyrocketing figures show crypto’s growing global dominance Researchers at the Cambridge Centre for Alternative Finance recently revealed that 100 million people around the world currently hold Bitcoin (BTC) and other blockchain-based assets. In 2018, the 2nd Global Cryptoasset Benchmarking Study estimated the number of identity-verified crypto users at about…
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Russian ministry proposes criminal charges for failure to report crypto tax

September 24, 2020

To ban crypto or to tax, that seems to be the question. Russia’s Ministry of Finance is continuing to push regulations for the cryptocurrency industry by proposing new tax requirements. The ministry now reportedly wants to introduce criminal liability for failure to declare taxes on crypto, including prison terms of up to three years. According…
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Crypto mining activities are now regulated by the Venezuelan gov

September 23, 2020

But there is always a catch when it comes to Maduro’s government. Venezuela’s National Superintendency of Crypto Assets and Related Activities, or SUNACRIP, has issued the first decree to officially regulate all crypto mining activities. In order to qualify, miners will need to meet specific requirements. An official announcement was first published in the Gaceta…
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Colombian gov’t invites companies to trial its crypto transaction framework

September 23, 2020

Colombia takes another important step towards regulating the nation’s crypto sphere. The government of Colombia has approved on September 22 a pilot program that calls companies to test crypto transactions until December 31 within the regulatory sandbox just passed by the country’s financial watchdog. During a panel titled “Overview of the Regulation of Crypto Assets…
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Canada’s first regulated crypto exchange Wealthsimple Crypto goes live

September 22, 2020

Winklevoss brothers-founded Gemini powers the first regulated crypto exchange in Canada. Wealthsimple Crypto, the first regulated cryptocurrency exchange in Canada, is rolling out its trading platform to the public today. Starting from Sept. 22, users in all 13 provinces and territories in Canada will be able to sign up for the new product and start…
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The great unbanking: How DeFi is completing the job Bitcoin started

September 22, 2020

While most of us will prefer to forget the horrors of 2020, DeFi may well prove to be the guarantee of a better, more liberated future. In a broad sense, 2020 has been the year of the COVID-19 pandemic. As it charges toward 1 million deaths and over 30 million infections, governments have been found…
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Binance.US CEO calls companies not integrating crypto ‘ignorant’

September 22, 2020

The CEO called digital assets a “pandemic resilient” solution for businesses. Catherine Coley, the CEO of crypto exchange Binance’s United States branch, says adopting crypto may be one of the only ways for businesses to be “pandemic resilient” going forward. In a Sept. 21 interview with Joe Weisenthal and Tracy Alloway on Bloomberg’s Odd Lots…
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No, you can’t buy Venezuela’s Petro on any overseas exchanges

September 21, 2020

The Venezuelan government has not yet announced partnerships capable of listing PTR abroad. A New York-based crypto exchange has listed a token with the same name as the Venezuelan state-issued asset, the Petro (PTR). In reality however, the two are entirely unconnected. Exchanges such as BitMart have recently begun listing this similarly named token for…
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SEC vs. Telegram: Part 1 — Key takeaways for now

September 21, 2020

The legal battle between the U.S. SEC and Telegram could be a strong warning against the SAFT process. Telegram is a popular, global, cloud-based instant messaging, videotelephone and voice-over service company. Particularly popular with crypto-enthusiasts, at the end of 2017, Telegram came up with a plan to raise funds to support the development of a…
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PayPal integration bridges fiat-crypto gap for bitFlyer Europe users

September 21, 2020

bitFlyer Europe has added one more fiat deposit option. The European subsidiary of bitFlyer, one of the largest Japanese cryptocurrency exchanges,has integrated PayPal deposits to their platforms. The official announcement calls bitFlyer’s integration with the internet payment giant a significant move in bridging the gap between the fiat and cryptocurrency world for European users. While…
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