Tag: Regulation

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Aussie Exchanges Partner With Crypto Tax Firm as ATO Eyes Traders

Popular Australian crypto exchanges Coinjar, Cointree and Swyftx have partnered with Koinly to track their clients’ tax obligations. Crypto taxation software provider Koinly has announced a partnership with three Australian digital asset exchanges to simplify their clients’ tax reporting. Coinjar, Cointree and Swyftx announced support for Koinly on July 29, allowing the exchanges’ customers to…
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$39M of Bitcoin Stolen in 2016 Bitfinex Hack Is on the Move

Hackers have transferred roughly $38.7M out of $1.3B worth of Bitcoin from wallets connected to the infamous 2016 hack of crypto exchange Bitfinex. Some of the 119,756 Bitcoin that was stolen from crypto exchange Bitfinex in 2016 has started moving again.  According to a series of tweets posted by Whale Alert on July 27-28, wallet…
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Regulatory Clarity Leads to Surge in Institutional Crypto Investors

Ciara Sun, head of global markets at Huobi Group says more institutional crypto investors are entering the market. Ciara Sun, head of global markets at Huobi Group, took part in a Cointelegraph China Great Bay Area International Blockchain Week pre-event interview on July 27. She stressed that although security and lack of infrastructure services might…
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Open the Floodgates: US Customers to See More Crypto Accessibility

Digital payment platforms add more cryptocurrency features for U.S. customers, but will big banks take the lead? The cryptocurrency market has come a long way in a seemingly short amount of time. Digital payment platforms have particularly taken note of the crypto market’s impressive growth, which is evident, as many have adopted new features and…
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China and US Must Learn From One Another and Collaborate on CBDC

The governments of China and the U.S. frame digital currency as part of their great-power competition, but instead they should work on this technology together. Today, the relationship between China and the United States is one of escalating competition. On Oct. 23, 2019, Facebook CEO Mark Zuckerberg testified before the U.S. House Financial Services Committee…
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Three Individuals Behind Alleged PlexCoin ICO Scam Charged with Fraud

A new indictment came down in the case involving three Canadians behind the alleged PlexCoin ICO scam which raised $8M in 2017. Three Canadian citizens involved with an alleged initial coin offering scam from crypto project PlexCorps have been charged with fraud over conning investors out of $8 million. According to a July 24 statement…
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Coinbase CEO: Exchange Won’t List XMR Due to ‘Issue With Regulators’

Brian Armstrong says regulators would be “up in arms” with Monero listed on Coinbase, even as Binance and Kraken offer support for the token. Brian Armstrong says Coinbase won’t be listing privacy coins like Monero (XMR) as they’re still untested grounds for regulators in the United States. In a July 24 interview with Peter McCormack…
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Second Stimulus Check Coming, But Will Americans Use it on Crypto?

Americans who invested the entirety of their first $1,200 stimulus checks in Bitcoin have seen more than a 40% return as BTC passes $10,200. U.S. residents who invested their first stimulus checks in Bitcoin have seen a 45.5% return, from $1,200 in April to roughly $1,746 at the time of writing, when the cryptocurrency is…
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Clear Governance Key for Enterprise Blockchain to Move Forward

Law expert believes a governance structure where risks and rules are thought through is the key for enterprise blockchain to move ahead. A clear governance structure within a decentralized ecosystem is the key for enterprise blockchain to move away from uncertainties said Mark Radcliffe, a partner at global law firm DLA Piper who has extensive…
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Stablecoin Issuers Be Warned: New York AG’s Arm Is Long

New York’s State attorney general has wide latitude to investigate a foreign entity like iFinex, said a NY appeals court. A New York State appeals court affirmed on July 9 that the state attorney general’s fraud investigation into iFinex et al. — i.e., iFinex, Bitfinex and Tether Holdings — could continue. Whether that probe will…
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