Danish authorities are going after those who traded Bitcoin for profit but did not yet declare the extra income. Denmark’s tax agency (Skattestyrelsen) has confirmed it is “identifying” 2,700 individuals it says owe taxes on Bitcoin (BTC) gains, according to a Dec. 12 press release. According to Skattestyrelsen, the Danish citizens bought and sold Bitcoin […]
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The man behind the “Blockchain Terminal” ICO has been ousted as a convicted financial criminal who concealed his former identity. The man behind the “Blockchain Terminal” (BCT) Initial Coin Offering (ICO) has been ousted as a financial criminal who concealed his former identity from employees and investors alike. An investigation into the circumstances were published […]
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The Nigeria Deposit Insurance Corporation’s director defined Bitcoin’s disintermediation and fintechs as “critical concern to the corporation.” The director and chief executive of the Nigeria Deposit Insurance Corporation (NDIC) has expressed concerns about cryptocurrencies and disintermediation, English-language Nigerian news outlet The Sun reported Dec. 12. Disintermediation is when consumers begin investing directly in markets, rather […]
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New Zealand’s Financial Markets Authority has updated its blacklist with three suspicious crypto-related companies. New Zealand’s Financial Markets Authority (FMA) has added three more crypto platforms to its blacklist that warns about scams, a release by the FMA reveals Wednesday, Dec. 12. OneLife Network Limited and its associated entity OneCoin Limited were added to the […]
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The cryptocurrency platform Cubits (Dooga) has battled alleged “collusion” over the disappearance of $32.8 million last February. United Kingdom-based cryptocurrency payment platform Cubits has filed for administration following a sudden outage that locked customer funds, a company press release revealed Dec. 11. The act of filing for administration means that an insolvent company has appointed […]
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Mark Karpeles has repeatedly denied criminal activity related to either the Mt. Gox hack or the alleged embezzlement of funds. The former CEO of defunct Japanese Bitcoin exchange Mt. Gox, Mark Karpeles, could spend ten years in jail over alleged embezzlement, Japanese daily news outlet Nikkei reported Dec. 12. Karpeles, who presided over the major […]
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KFC Venezuela has reportedly denied that it will soon accept Dash payments, but has confirmed negotiations with the company. The CEO of KFC Venezuela, Antonio Sampayo, has denied a recent announcement that it will start accepting major altcoin Dash (DASH), Spanish language crypto media Criptonoticias reports Monday, Dec. 10. Sampayo explained that KFC had discussed […]
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Mike Novogratz has said that the ICO market is “dead right now” during an interview on the current state of the crypto industry. Mike Novogratz compared current cryptocurrency market performance to a “methadone clinic” in an interview with Bloomberg Dec. 11. During the interview, Bloomberg asked Novogratz how coming from Wall Street made him different […]
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Ethereum co-founder Vitalik Buterin tweeted that proof-of-stake blockchains with sharding will be “thousands of times” more efficient in the future. Ethereum (ETH) co-founder Vitalik Buterin declared that future blockchains with sharding based on proof-of-stake (PoS) will be “thousands of times more efficient,” in a lengthy Twitter thread Dec. 10. In the long series of tweets, […]
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The U.S. Commodity Futures Trading Commission has asked for public comments to improve its knowledge of the Ethereum blockchain. The United States Commodity Futures Trading Commission (CFTC) is seeking public comments and guidance on the Ethereum (ETH) blockchain, according to an official press release published Dec. 11. In order to improve the commission’s understanding of […]
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