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The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles Hit With Backdated Tax on Crypto Trades Bithumb to […]
The post South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb appeared first on Bitcoin News.
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In times of mounting pressure on crypto companies to comply with expanding due diligence requirements, Poloniex has taken a step in the opposite direction. The exchange is lifting restrictions that applied to unverified users in response to customer demand. New and current accounts will enjoy access to unlimited trading and deposits. Also read: P2P Crypto […]
The post Poloniex Restores Unverified Accounts With Unlimited Trading appeared first on Bitcoin News.
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Cryptocurrency exchange Bittrex is discontinuing operations in 31 countries, including Venezuela and Zimbabwe. The trading platform has justified its decision on the basis of the regulatory uncertainty in these jurisdictions. Some of the nations in the list are going through political turmoil and socio-economic challenges. Also read: Russia Blocks 2 Crypto News Websites Zimbabwe and […]
The post Bittrex Pulls Out of 31 Markets Citing Regulatory Uncertainty appeared first on Bitcoin News.
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Sberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients is now being sold on the black market. Initial analyses suggest the trove of data for sale is real, highlighting the risks associated with traditional banking. Also read: Turkish Government […]
The post Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M Accounts appeared first on Bitcoin News.
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Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing the burden to their clients. Some have introduced fees for those with large account balances, while others are punishing everybody equally. In any case, some bankers fear this could lead to withdrawal of large amounts […]
The post Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies appeared first on Bitcoin News.
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Two law firms have been appointed to represent the clients of insolvent Canadian crypto exchange Quadrigacx in court. The number of affected users has been estimated at approximately 115,000 and lawyers will have to contact as many as they can. The digital asset trading platform owes them approximately $190 million. Also read: Hacked NZ Exchange […]
The post Judge Appoints 2 Law Firms to Represent Quadrigacx Clients appeared first on Bitcoin News.
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Over the last few months, there’s been a lot of talk about institutional money coming into the digital asset economy. On Tuesday, the institutional-grade cryptocurrency trading platform Caspian announced the end of its beta stage. Caspian claims 15 institutions are utilizing the trading platform and the firm expects to onboard 50 clients by the year’s […]
The post This Firm Wants Legacy Financial Players Trading Cryptocurrencies appeared first on Bitcoin News.
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The creators of the counterparty.cash protocol and Openbazaar developer Chris Pacia have announced two separate Bitcoin Cash full node clients written in the programming language Go (golang) — Gocoin-cash and Bchd (gcash). Also Read: BCH Roundup: Markets and Developments Leap Ahead This Week Gocoin-cash: A Full Bitcoin Cash Solution Written in Go Language The Bitcoin Cash network has a […]
The post Developers Unveil Two New Bitcoin Cash Full Node Clients Written in Go appeared first on Bitcoin News.
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Swiss online banking group, Swissquote, has benefited greatly from the addition of cryptocurrency investing to the set of services it offers, reporting a significant increase in its H1 2018 profits. The news comes while Switzerland is debating over how to keep crypto businesses in the country when the majority of Swiss banks refuse to provide […]
The post Swissquote Reports 44% Increase in Profit After Adding Crypto Services appeared first on Bitcoin News.
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This week news.Bitcoin.com spoke with the adult film star Brenna Sparks about how she’s been relentlessly promoting cryptocurrencies to her co-workers and peers throughout the sex industry. Sparks is a big believer in Bitcoin technology and thinks that someday in the future it will revolutionize the entire adult industry. Furthermore, Sparks is planning to film […]
The post Adult Film Star Brenna Sparks Discusses Transforming the Sex Industry With Bitcoin appeared first on Bitcoin News.
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