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cryptocurrency

11 cryptocurrency exchanges in South Korea reportedly shut down

The Financial Services Commission, South Korea’s top financial regulator. Reportedly planning to shut down a dozen local cryptocurrency exchanges due to fraud allegations. According to the local news agency The Korea Herald. The FSC will shut down at least 11 mid-sized crypto exchanges in South Korea due to alleged illegal activities. And fraudulent collective accounts. […]

Cryptocurrency forms the Davos Agenda of the World Economic Forum

Cryptocurrency forms the Davos Agenda of the World Economic Forum

The upcoming Davos Agenda of the World Economic Forum will feature two separate cryptocurrency sessions. Offering another compelling sign that digital assets have penetrated mainstream awareness. Moreover, on Monday and Thursday, the sessions, titled Resetting Digital Currencies, will be held. Five public speakers included in the first session, including Governor Andrew Bailey of the Bank […]

Stablecoin Tether Outperformed XRP as 3rd Largest Cryptocurrency

Tether’s USDT in market capitalization has just surpassed XRP. Becoming the third-biggest cryptocurrency in the moments leading to the bitcoin halving. Sitting with an $8.79 billion market value, it is now higher than XRP, whose market cap is approximately $8.6 billion. Currently, USDT is second only to Ether (ETH) as the largest altcoin in the […]

cryptocurrency exchange bitfinex lists $280M crypyto hedge fund

Cryptocurrency Exchange BitFinex Lists $280M Crypto Hedge Fund

BitFinex, the major cryptocurrency exchange and partner firm of stablecoin Tether (USDT) is listing a multi-million-dollar cryptocurrency hedge fund. The exchange announced on March 16 that it has listed Bahamas-based crypto hedge fun Fulgur Alpha, which is currently worth $280M dollars. According to BitFinex, the fund – which is only accessible to professional investors – […]

Rapper Akon shares whitepaper for upcoming cryptocurrency akoin

Rapper Akon Shares Whitepaper for Upcoming Cryptocurrency “Akoin”

Rapper and entrepreneur, Akon, shared the whitepaper for his upcoming “Akoin” cryptocurrency project exclusively with the crypto news sharing site Cointelegraph. The document describes Akoin as a cryptocurrency “designed for entrepreneurs in the rising economics of Africa and beyond,” adding that the project’s mission is to “unlock the potential of the world’s largest growing workforce” […]

cryptocurrency act of 2020

US Congressman Introduces Cryptocurrency Act of 2020

A United States congressman is the latest working to clarify and determine which U.S. regulator is responsible for which digital assets. On March 9, Representative Paul Gosar (R-AZ) introduced the “Cryptocurrency Act of 2020”, a bill that looks to choreograph a wide range of digital assets to answer to the appropriate regulator. The proposed regulatory […]

Akon to launch cryptocurrency Akoin on Stellar

Grammy-Nominated Artist Akon to Launch Cryptocurrency on Stellar

Multi platinum-selling recording artist Akon has chosen to build its Akoin cryptocurrency ecosystem on top of the Stellar blockchain. Akoin co-founder and president Jon Karas said they chose to launch the project on Stellar due to sharing similar values. “Akoin selected Stellar’s distributed, hybrid blockchain due to a shared vision for creating global financial inclusion, […]

revolut

Revolut will Make Cryptocurrency Available in 50 States

Revolut is coming to the smartphone near you with an array of cryptocurrencies before tax day. Having just raised $500 million on a $5.5 billion valuation, Revolut is one of the biggest fintech in Europe. Revolut is a neobank: simply, a bank without the expense and convenience of physical branches or the headache of licensing. […]

south korean tax policy association proposes two-step tax on cryptocurrency

South Korean Tax Experts Proposes 2-Step Tax on Cryptocurrency

South Korean tax experts have advised the Korean government to apply a low-level trading tax on cryptocurrency profits before subjecting citizens to a transfer income tax, according to a Business Korea report. The Korean government is expected to announce its tax reform plan in late 2020. The low-level trading tax was recommended because there is […]

New Jersey introduces bill to regulate cryptocurrency at state level

New Jersey Introduces Bill to Regulate Cryptocurrency at State Level

The New Jersey state legislature is now considering a new bill that would require cryptocurrency businesses to obtain a proper license to operate. Assemblywoman Yvonne Lopen proposed the Digital Asset and Blockchain Technology Act on Feb 20. The legislation would establish new requirements for virtual currency businesses and create consumer-friendly protections by requiring crypto firms […]