Blockonomi: To Clarify Crypto: New Bill in U.S. Would Split Digital Assets Into 3 Categories

The Block: Bitcoin should be listed directly on Korea Exchange, says a government committee

Monday, 06 January 2020 16:03

The Presidential Committee on the Fourth Industrial Revolution, a group set up by the South Korean government, has recommended that bitcoin should be listed directly on Korea Exchange (KRX), the country’s sole securities exchange operator. The committee has also suggested allowing cryptocurrency products, such as bitcoin derivatives,…

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The Block: Crypto miner Argo Blockchain installing new Bitmain machines to increase its capacity by 75%

Thursday, 02 January 2020 12:50

Cryptocurrency miner Argo Blockchain is installing new 3,616 Bitmain machines to increase its mining capacity by 75%. Announcing the news on Thursday, the London Stock Exchange (LSE)-listed firm said the new Bitmain Antminer T17 machines are expected to be operational by Jan. 10. These machines represent 159…

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CoinSpice: DLive Goes to TRON’s BitTorrent, Metamask Returns to Play Store, Europol on Monero: Untraceable

Thursday, 02 January 2020 14:57

TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. DLive to migrate to TRON’s BitTorrent. Metamask returns to the Google Play Store. Some Monero transactions are untraceable, according to Europol. Burger King takes cryptocurrencies in Venezuela. XRP executive launches distribution platform xSongs, and…

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CoinSpice: US Treasury Sec: Bitcoin Could be Swiss Bank, Kraken Crypto Tax Law Harvest, Ripple in Brazil

Tuesday, 31 December 2019 19:45

TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. US Treasury Steven Mnuchin worries bitcoin is being used for laundering, but isn’t as worried about fiat. Kraken calls users to harvest tax losses. Ripple seeks to grow in Brazil. Korean tax services to…

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BeInCrypto: Recap of Cryptocurrency Regulation and Adoption in 2019

Tuesday, 31 December 2019 22:04

As the year comes to an end, BeInCrypto takes a look at how legislation and adoption of cryptocurrencies fared in 2019 and what we could expect in 2020. The next decade will be critical and formative years for how digital currencies are implemented and regulated around the…

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LeapRate: A $69 million tax bill for Bithumb – litigation ahead

Monday, 30 December 2019 22:26

Taxes in the cryptocurrency world are not an uncommon issue. In fact, the idea of taxing cryptocurrencies and crypto exchanges... The post A $69 million tax bill for Bithumb – litigation ahead appeared first on LeapRate . A $69 million tax bill for Bithumb – litigation ahead…

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The Block: Crypto exchange Bithumb hit with a massive tax bill of over $69M

Monday, 30 December 2019 09:30

South Korea’s largest cryptocurrency exchange, Bithumb, has been hit with a hefty tax bill of 80.3 billion won (~$69.5 million). Local media outlet Pulse reported the news on Monday, saying that Bithumb’s largest shareholder, Vidente Co., confirmed the tax claim in a regulatory filing on Friday. South…

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BeInCrypto: Worsening Lebanese Crisis May Spark Bitcoin Adoption

Saturday, 28 December 2019 04:23

The middle eastern nation of Lebanon has been suffering its worst civil and economic crisis since its civil war in the mid-1970s. With no end in sight, the desperate yet resourceful population may start to explore Bitcoin as a weapon against the corrupt political and banking system.…

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BeInCrypto: Congress Asks IRS to Clarify Confusing Cryptocurrency Tax Regulations

Sunday, 22 December 2019 14:56

Eight members of Congress have asked the Internal Revenue Service (IRS) to clarify its position on cryptocurrency taxation. A recent letter to the agency details the issues facing the taxation of cryptocurrencies, and the lack of clarity in the current policy. The main issue at hand appears…

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