Crypto Briefing: Cryptocurrency Market Vulnerable to Further Losses

BeInCrypto: Over $600 Million in Ethereum Locked in DeFi, Up More Than 200% from Last Year

Wednesday, 11 December 2019 09:56

Investments in Ethereum-based decentralized finance (DeFi), a much-vaunted sphere of digital assets, has been increasing at a staggering rate, up over 200% from the same time last year. DeFi services include lending, decentralized exchanges, derivatives, payments, and assets. Considered an overall indicator of the health of the…

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BeInCrypto: UK Fintech Startup Allows You to Check Your Taxes on Your Crypto for Free

Wednesday, 11 December 2019 10:16

Check if you owe taxes on your crypto for free with Recap UK Fintech startup Recap has recently released its web application, enabling users to easily calculate their cryptocurrency tax position without disclosing their private financial data. The new web application features a browser-based ‘zero-knowledge’ innovation, which means users…

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ihodl: Danish Tax Office Sends Warning Letters to Crypto Users

Wednesday, 11 December 2019 10:40

Skattestyrelsen (Skat), the agency responsible for taxes in Denmark, is sending warning letters to crypto users.

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Altcoin Buzz: DappRadar Adds Wax Support

Wednesday, 11 December 2019 11:44

The WAX (World Asset eXchange) Protocol is a Delegated Proof of Stake blockchain based on the EOS.IO SDK. WAX claims its consensus model gives it the potential to be one of the fastest, highest-throughput blockchains. William Quigley, Co-Founder of WAX says, “Most crypto wallets are still way…

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LeapRate: Daily Market News: Aramco shares rise 10% after World’s biggest IPO

Wednesday, 11 December 2019 11:48

Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for December 11,... The post Daily Market News: Aramco shares rise 10% after World’s biggest IPO appeared first on LeapRate . Daily Market News: Aramco shares rise 10% after World’s…

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BeInCrypto: Cryptopia Liquidators Make Progress, $7 Million Currently Held for Repayment

Wednesday, 11 December 2019 12:12

Cryptopia, the now-defunct New Zealand-based cryptocurrency exchange, was hacked in January 2019 — with around $16 million stolen from the exchange coffers. So far, customers have had to wait almost a year for repayment — due, in large part, to the fact that Cryptopia did not allocate…

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The Block: Elliptic builds a solution for banks to help them decide which crypto exchanges to do business with

Wednesday, 11 December 2019 12:13

Banks have since long been known to remain reluctant to provide services to cryptocurrency firms, including exchanges. Blockchain analytics firm Elliptic is hoping to improve the situation with its new solution. The post Elliptic builds a solution for banks to help them decide which crypto exchanges to…

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The Next Web: Telegram exec should testify in UK over alleged illegal token sales, says US judge

Wednesday, 11 December 2019 12:20

A US court has asked a UK judge to depose John Hyman, Telegram’s chief investment officer, to testify in relation to the company’s token sale, CoinDesk reports. It comes after the Security and Exchange Commission requested Hyman’s testimony — as well as several documents relating to his fundraising…

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The Block: Cryptocurrencies are still mainly used for speculation

Wednesday, 11 December 2019 12:30

Quick Take Bitcoin has, by far, the highest amount of value settled in 2019 — $690 billion; followed by Ethereum ($134 billion), XRP ($54 billion), Bitcoin Cash ($51 billion) and Litecoin ($19 billion) In total (BTC, ETH, XRP, BCH, LTC), there was $1.14 trillion settled on-chain in 2017,…

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