Portuguese sports club SL Benfica now has an option on its website to buy products in cryptocurrencies UTK, BTC, or ETH. Major Portuguese sports club SL Benfica now accepts cryptocurrency for merchandise and tickets, Verdict reports on June 6. According to the report, SL Benfica partnered with cryptocurrency service Utrust to provide the new payments […]
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A U.S. congressman argued that cryptocurrency transactions should be treated like fiat currency transactions for tax purposes. United States Congressman (R-N.C.) Ted Budd testified to the House of Representatives Ways and Means Committee on purported issues with current tax laws on cryptocurrencies, as per a video of the testimony released on June 4. Congressman Budd […]
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Binance has hired a new strategic officer, an executive who worked on business strategy at Dell and the NBA. Major cryptocurrency exchange and blockchain platform Binance has hired a former strategic executive at Dell and the National Basketball Association as Binance’s global strategy officer, according to a press release shared with Cointelegraph on June 5. […]
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TrustToken, the stablecoin operator behind usd-pegged token TUSD, announced a partnership with Binance. TrustToken, the stablecoin operator behind usd-pegged token trueusd (TUSD), announced a partnership with major cryptocurrency exchange Binance in a press release shared with Cointelegraph on June 4. Per the release, as a result of the partnership, Binance users now will be able […]
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Peer-to-peer bitcoin trading platform LocalBitcoins removes in-person cash deals — what does that mean for the future of cash trades? On June 1, Finnish peer-to-peer (p2p) bitcoin (BTC) trading platform LocalBitcoins quietly removed in-person cash trading from its service. Three days later, the company publicly confirmed the ban on Twitter. As per the accompanying statement, […]
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Leading cryptocurrency exchange Binance will reportedly issue its own stablecoins within two months. Leading cryptocurrency exchange Binance will reportedly issue its own stablecoins within two months, Bloomberg reported on June 5. Binance’s Chief Financial Officer, Wei Zhou told Bloomberg that the exchange will start issuing its own stablecoins “in a matter of weeks to a […]
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Non-custodial peer-to-peer exchange HodlHodl announced Lightning Network support. Non-custodial peer-to-peer (P2P) bitcoin (BTC) exchange HodlHodl announced Lightning Network support in a Medium article published on June 5. The announcement claims that now “everyone is able to buy bitcoins and receive them directly into their Lightning wallet & sell bitcoins directly from their Lightning wallet.” The […]
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While Japan’s new laws are welcoming for most crypto exchanges, as they expect more institutional investors, custodians and wallet makers are getting worried. On May 31, the Japanese House of Representatives amended two cryptocurrency-related laws, the Payment Services Act and the Financial Instruments and Exchange Act, which will come into effect in April 2020. Most […]
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Digital asset trading platform OKCoin has expanded its trading services and opened an office in Malta. Digital asset trading platform OKCoin has expanded its trading services and opened an office in Malta, according to a blog post published on June 4. OKCoin has launched its services to non-United States customers, who can now deposit and […]
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Following reports of the silent removal of local cash trades on June 1, LocalBitcoins has confirmed the move. Global peer-to-peer (P2P) crypto exchange LocalBitcoins has officially confirmed the removal of trading in local fiat currencies, the firm announced in a tweet on June 4. As previously reported, the Finland-based exchange silently removed cash trading on […]
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