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Tax season in the U.S. is here, and many citizens who use or hold cryptocurrencies are clamoring around trying to figure out how to file their capital gains taxes. According to reports from Fundstrat’s analyst Tom Lee, cryptocurrencies represent roughly 20 percent of last years U.S. capital gains. Also Read: Emin Gün Sirer Discusses Cryptocurrency Academics … Read more
The Financial Services Authority of Japan has imposed penalties on three cryptocurrency exchanges following inspections of trading platforms in the country. Two of them have been ordered to suspend operations. Officials are not satisfied with the measures implemented to prevent money laundering and systemic risks. Also read: CEO of Korean Exchange Coinnest among Four … Read more
Cryptocurrency values are still slumping downwards as they have been for the past three consecutive months. Currently, the overall cryptocurrency market valuation of all 1,500+ digital assets is $248Bn after losing billions over the past few days. BTC/USD markets are below the $7K territory and recently touched a low of $6,510 per coin. Also read: Huobi’s … Read more
This week the Bitcoin ABC developers officially announced the much anticipated Bitcoin Cash network hard fork on May 15. In addition to the statement from the development team, the codebase for the client Bitcoin ABC 0.17.0 has also been made available with the newly added consensus rules. Also read: New Karate Combat League Arena Features Bitcoin … Read more
Japanese financial services provider Monex Group will acquire Coincheck exchange for $33.5 mln. #NEWS Go to Source Powered by WPeMatico
South Korean police have arrested four high-ranking representatives of two cryptocurrency exchanges, including Coinnest’s CEO. They were detained on arrest warrants issued after a fraud investigation, prosecutors said. The executives are accused of embezzling funds belonging to customers and may face additional charges. Also read: Three South Korean Crypto Exchanges Raided for Diverting Funds Suspects … Read more
Coincheck’s Monex deal could be officially confirmed “as early as Friday” Nikkei claims. #NEWS Go to Source Powered by WPeMatico
Australia’s new legislative guidelines for the operation of cryptocurrency exchanges were introduced on the 3rd of April 2018. From now on, Australian digital currency exchange businesses will be required to register and comply with anti-money laundering/counter-terrorism financing (AML/CTF) laws. Also Read: Companies Outsource Marketing to India Amid Ban on Crypto Ads Australia Introduces AML/CTF Requirements for … Read more
Chilean cryptocurrency exchanges Buda, Orionx, and Cryptomkt were given notice their accounts will be closed by Banco del Estado de Chile. This comes after the three were also targeted with account closings by Itaú Unibanco Holding S.A. of Brazil and The Bank of Nova Scotia (Scotiabank of Canada). Also read: Trezor to Implement Bitcoin Cash Addresses … Read more
The chairman of the central bank of Kazakhstan said that the bank has prepared legislation to prohibit the sale and purchase of cryptocurrencies in the country as well as any kind of crypto mining, citing several risks he sees. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies National Bank’s Crackdown on Crypto … Read more