United Nations sanctions experts advise against attending North Korean cryptocurrency conference, or risking sanctions violations. The United Nations has warned that attending a North Korean cryptocurrency conference in February is likely to constitute a sanctions violation, according to a report by Reuters on Jan. 15. The report follows last week’s indictment of Ethereum Foundation researcher […]
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There were 12 major cryptocurrency exchange hacks in 2019. In total, over $292 million and over 500,000 pieces of customer data were stolen. Twelve major cryptocurrency exchange hacks occurred in 2019. Of these, 11 hacks resulted in the theft of cryptocurrency while one only involved stolen customer data. In total, $292,665,886 worth of cryptocurrency and […]
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Blockchain funding has decreased substantially in 2019 when compared to 2018, even though adoption is increasing. Blockchain has become a buzzword in the startup ecosystem and multinationals alike. Numerous benefits provided by the technology has incentivized businesses and governments to adopt, explore or invest in it. However, a surprising turn of events took place in […]
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2019 was a very busy year with crypto tax legislation — check out Cointelegrahp’s 2019 global overview. 2019 was, without a doubt, a milestone for crypto taxation. Countries around the world realized cryptocurrencies are here to stay and adjusted their crypto tax policies as a result. This year alone, several countries have been busy establishing […]
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Israeli-based fintech and crypto firm Simplex now supports two new fiat currencies — the Japanese yen and the Canadian dollar. Israeli-based fintech and cryptocurrency firm Simplex now supports two new fiat currencies — the Japanese yen (JPY) and the Canadian dollar (CAD). Following the addition, users at some of Simplex’s partner exchanges such as Binance […]
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CX Technologies, the firm behind a supposedly Estonia-based cryptocurrency exchange DX.Exchange, is ceasing operations following a petition filed by its employees. The firm behind a purportedly Estonia-based cryptocurrency exchange DX.Exchange is ceasing operations following a petition filed by employees. CX Technologies, the Israeli company operating DX.Exchange, entered bankruptcy after 78 of its employees filed a […]
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New U.K. crypto tax policy paper: Crypto is an asset and subject to capital gain tax. Only a few weeks after the United States Internal Revenue Service published new guidance for crypto taxation, the United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs, has updated its cryptocurrency taxation policy paper for businesses […]
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As crypto regulation is accepted in UAE blockchain projects could stand to benefit. The Securities and Commodities Authority (SCA) in the United Arab Emirates has drafted a resolution on regulating crypto assets, providing greater clarity for crypto-related projects in the Middle East nation. With the focus usually on China, Japan or the United States, the […]
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North Korea is allegedly developing its cryptocurrency for bypassing U.S. sanctions, but experts point out other reasons for this initiative. It seems that a movement to create a national cryptocurrency is gaining momentum in Asia. Following China, the North Korean authorities announced their readiness to issue digital money and even indicated the availability of all […]
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The U.K. Financial Conduct Authority has warned the public about a cryptocurrency investment clone firm called First BTC FX. The British Financial Conduct Authority (FCA) has warned the public about First BTC FX, a supposed clone firm offering fraudulent crypto investments. Using details of an FCA-authorized firm According to an FCA warning published on Sept. […]
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