The Japanese courts have sent an ominous warning signal to would-be crypto tax evaders – by jailing a 56-year-old man who pleaded ignorance of how Japan’s crypto tax laws work. Per Chunichi, the man, an office worker named Hideji Matsuda, was given a one-year sentence and fined over USD 202,000 by a judge at the…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investments news Digital Currency Group, the parent company of digital currency asset manager Grayscale Investments, has announced its plan to purchase up to USD 250m worth of shares of Grayscale Bitcoin Trust. According…
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Another subsidiary of the Japanese financial giant the SBI Group, FX Clearing Trust, is reportedly targetting crypto-related business expansion. Per an official release, the firm has now acquired a license for investment trust-related business operations, and will rename itself the SBI Clearing Trust. The firm was set up in 2014, and has capital reserves of…
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Vitalik Buterin. Ethereum (ETH) co-founder Vitalik Buterin argued that, like Ethereum, Bitcoin (BTC) has its own potential bombs waiting to explode. The ecosystem around Ethereum could see failures and hacks, discussed the participants of The Tim Ferriss Show yesterday. To this, Buterin said: "I think the Bitcoin ecosystem does have its own […] ticking time…
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The news is out that major investment bank JPMorgan Chase is looking to offer its clients access to the crypto market – but not everybody see the offering in good light, or particularly crypto-related. Dated March 9, the bank’s prospectus on the US Securities and Exchange Commission (SEC) website discusses a J.P. Morgan Cryptocurrency Exposure…
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Twitter users have been left bemused after the accounts of a number of prominent crypto advocates were abruptly suspended – without any apparent explanation. Accounts belonging to influential individuals such as PlanB and Willy Woo were briefly taken down, although both of these have since been restored. Other accounts – such as those belonging to…
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Bitcoin price extended its rise above the USD 55,000 resistance zone. BTC even spiked above USD 55,000 before it started a downside correction. It is currently (05:30 UTC) holding gains above USD 53,000 and there are chances of a fresh increase above USD 54,500. Similarly, most major altcoins are trading above key supports. ETH surged…
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Taiwan’s New Taipei District Prosecutors Office is investigating the possibility that the Mainland Chinese crypto mining giant Bitmain has, in the prosecutors’ own words, “poached” up to 100 AI engineers from Taiwanese companies in an operation that allegedly began back in 2018, per multiple media reports. Per the Japanese media outlet Nikkei, as well as…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Wallets news Major crypto wallet Blockchain.com said they’re experiencing "an issue that’s preventing many people from accessing their wallets." "We learned this morning that there was a fire reported at Read more »Pay,…
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Source: Instagram, Coinbase US-headquartered major crypto exchange Coinbase is said to be valued at USD 90bn in a private auction. The company shares traded at some USD 90bn value last week, based on USD 350 a share, which is the price the stock was trading at the auction last Thursday on the Nasdaq Private Market,…
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