Business is booming for crypto exchanges, per a new report, which claims that the industry is becoming as competitive as tech giants, major banks – and even the American central bank. These were the findings of a paper from Coin Metrics, whose authors wrote, “The crypto industry, and exchanges specifically, has gone from questions of…
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The United States Internal Revenue Service (IRS) has released a new draft for filing the 2020 tax returns, with several significant changes – primarily placing the crypto transaction question on the first page of the return. Form 1040, US Individual Income Tax Return, will ask citizens filing their tax return a question that reads: “At…
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Insiders say there is a chance that Russia’s new crypto law could be drafted by autumn – a move that would see a set of regulations in place for the start of next year. But one claimed that that chance of such a quick turnaround from policymakers is “low” – despite no shortage of industry…
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Source: Adobe/Negro Elkha (edited by Cryptonews.com) International crypto exchanges in South Korea are attempting to close the gap on their domestic rivals, with Binance Korea reporting a threefold growth in net capital value since its launch in April. Per Paxnet, official figures show that that firm’s net assets grew in worth to over USD 2…
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U.S. financial services business Capital One has developed a new system to predict crypto market trends with the use of artificial intelligence (AI), contributing to the company’s trading activities. To safeguard the intellectual property of the solution designed to make crypto trades more rooted in advanced data analysis, Capital One has filed a patent Read…
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A court in Tokyo, Japan, has ordered the conditional seizure of some USD 46,000 worth of bitcoin (BTC) and NEM’s XEM token that has been traced back to the Coincheck hack of 2018 – the first-ever court-ordered crypto seizure in the nation’s legal history. Per Kyodo, a branch of the Tokyo District Court has placed…
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Following the debut of crypto asset management firm Grayscale Investment’s new TV advertisement in the US, early signs suggest viewers did take notice, although the company itself is still keeping details scarce – but saying that additional content is coming to digital channels. As reported, the ad, dubbed “History of Money,” shows how monetary systems…
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With much of the international community enraged at the Alexander Lukashenko-led government of Belarus following a controversial recent general election, the threat of a new wave of United States-led economic sanctions against the nation and its leadership has become very real. The European Union yesterday stated that its foreign ministers were already considering Read more…
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Hong Kong-based crypto trading platform operator Diginex is set to go public in September on the American NASDAQ stock exchange after winning permission from the market regulator – claiming that it will become the “first digital asset exchange to be listed in the United States.” The firm has also launched a new Singapore-based crypto exchange…
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South Korean market-leading crypto exchange Bithumb may win its USD 67 million legal struggle against the country’s tax authorities, per legal and industry officials. According to the Digital Times, analysts believe that Bithumb has the upper hand in its fight against a tax bill served to the company in December last year. The South Korean…
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