US Congress sees another bill to free crypto spenders from a duty to report capital gains on crypto used in personal transactions. A bill seeking to exempt personal cryptocurrency transactions from taxation for capital gains has been reintroduced in the Congress of the United States. What the bill looks to change Called “The Virtual Currency…
Read more
Coinbase-backed Crypto Ratings Council expands its network with three new members and five digital assets. The Coinbase-backed Crypto Ratings Council (CRC), a group of major United States’ cryptocurrency firms seeking regulatory clarity, has welcomed new members. Established in late 2019, the CRC has expanded to include members like trading platform eToro, crypto exchange OKCoin and…
Read more
Binance and Huobi received over 52% of total $2.8 billion in illicit Bitcoin transfers in 2019, according to a new Chainalysis report. Binance and Huobi have together received over 52% of total $2.8 billion illicit Bitcoin (BTC) transfers in 2019, according to a new report. Chainalysis’ findings Over the course of 2019, criminal entities moved…
Read more
Mike Novogratz. The prominent Bitcoin bull Mike Novogratz admitted to his followers on Twitter that he struggles to understand the recent altcoin rally. “I’m not sure I understand the altcoin rally. Happy for those making money on it. But not sure what changed. Maybe new year, new money, new enthusiasm. Dinner in NYC for best…
Read more
The SEC lands the latest blow against Telegram, forcing it to disclose its bank records, while Durov promises to comply. Telegram’s battle with the United States Securities and Exchange Commission became one of the most closely followed legal dramas of the crypto space in 2019. This was not only because it appeared to be the…
Read more
Poland’s competition regulator the UOKiK has warned the public about against the alleged scamcoin DasCoin. The watchdog also orders the token’s operator to cease its “illegal activities.” The token was exposed as a scam in May last year, following on from a probe into the DasCoin creators instigated by Polish prosecutors. The regulator said, in…
Read more
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Gemini Trust Company, a cryptocurrency exchange and custodian, said it launched Nakamoto, Ltd., a captive insurance company licensed by the Bermuda Monetary Authority (BMA) to Read more »Pay, Trade,…
Read more
Criminals made some USD 2.8 billion worth of illegal transactions using bitcoin (BTC) on cryptocurrency exchanges last year, alleges a new report – with Binance and Huobi overwhelmingly their platforms of choice thanks to corrupt OTC brokers. The report was compiled by blockchain analytics provider Chainalysis, which said that “illicit cryptocurrency” transactions at Read more…
Read more
Source: iStock/ma-no Nervous South Korean cryptocurrency exchanges are preparing to renew their banking deals with domestic banks – with media reports claiming exchanges are feeling “pessimistic.” Per Newsway, the country’s “big four” exchanges, the market-leading Bithumb, Upbit, Coinone and Korbit, are “putting all their energy into preparations” ahead of contract talks with the Read more…
Read more
Telegram’s much-anticipated Gram token pre-sale has been canceled and all funds have been returned to investors, said Japan-based crypto exchange Liquid. Elaborating on the reasons behind the cancellation, Liquid explained: “At the time of the Gram Token Sale on Liquid, it was anticipated that the TON [Telegram Open Network] mainnet would be launched by 31…
Read more
