Int’l Accounting Standards Body Defines Bitcoin as ‘Intangible Asset’

The International Financial Reporting Interpretations Committee (IFRIC) has ruled that cryptocurrencies, including Bitcoin, are neither financial assets nor legal tender. The International Financial Reporting Interpretations Committee (IFRIC) has ruled that cryptocurrencies, including Bitcoin (BTC), are neither financial assets nor legal tender. The Korea Times reported the development on Sept. 23, citing the Korea Accounting Institute’s […]

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OKEx Slams New Wash Trading Allegations as ‘Inaccurate and Misleading’

Cryptocurrency exchange OKEx has refuted fresh allegations of manipulative practices such as wash trading on its platform. Cryptocurrency exchange OKEx has refuted fresh allegations of manipulative practices such as wash trading on its platform.  In a statement shared with Cointelegraph on Sept. 23, the exchange wrote that the wash trading allegations made in a recent […]

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US Attorney’s Office Indicts Two Suspects in EtherDelta Hack

The United States attorney’s office for the Northern District of California has indicted two suspects for hacking crypto marketplace EtherDelta in December 2017. The United States attorney’s office for the Northern District of California has indicted two suspects — Elliot Gunton and Anthony Tyler Nashatka — for hacking EtherDelta, a non-custodial marketplace for trading Ethereum […]

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Kraken and Coinbase Among the Cleanest Crypto Exchanges: BTI Report

The Blockchain Transparency Institute finds that Kraken and Coinbase are among the cleanest cryptocurrency exchanges in the industry. The Blockchain Transparency Institute (BTI) has released its latest market surveillance report which states that Kraken and Coinbase are among the cleanest cryptocurrency exchanges in the industry. BTI cleans wash trading from exchanges’ volumes On Sept. 19, […]

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