2021-2-4 21:58 |
The interbank lending rate in China shot up to 2.97% recently as the central bank tightened stimulus. Local media there reported this was an attempt to ‘protect’ against speculation, but... origin »
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The government of Khyber Pakhtunkhwa (KP), the third largest of Pakistan’s four semi-autonomous provinces, is setting up two state-backed bitcoin mining farms, local media reported last week. Ziaullah Bangash, advisor to the chief minister of KP on Science and Information Technology, said the provincial parliament passed a bill allowing the KP government to use its […]
2021-1-14 10:30 | |
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South Korean media has reported that Nexon, a multi-billion dollar conglomerate led by CEO Kim Seong-Ju, plans to acquire the country's largest cryptocurrency exchange.
2021-1-7 13:13 | |
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Bitcoin just hit a new all-time high on top exchanges such as Binance and Bitstamp. This was marked by an influx of retail interest in the cryptocurrency, as many mainstream media outlets reported on BTC hitting new all-time highs.
2020-12-1 10:10 | |
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South Korean lawmakers have allegedly proposed to delay the upcoming income tax rule on crypto-assets by three months from its scheduled commencement date in October 2021. According to the Dong-a Ilbo, a South Korean media which first reported this news, the law might come into effect later in January 2022.
2020-11-26 20:59 | |
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On Monday, local Chinese media The Paper reported that the district of Suzhou in Xiangcheng would launch a lottery to give away the country’s central bank digital currency (CBDC) in a bid to test the real-use cases of the digital currency.
2020-11-23 20:50 | |
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Public officials in Russia will now be required to declare all the crypto assets they hold as income. The measures are with effect from Jan. 1, 2021, local media reported. Russia’s prosecutor general Igor Krasnov declared: “Starting next year, civil servants will be required to declare [virtual] currencies on an equal basis with other assets.
2020-10-24 09:30 | |
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The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1. 5% on gross transaction value, local media reported.
2020-10-16 17:00 | |
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Israeli lawmakers have proposed in a draft new law to treat bitcoin as a currency instead of an asset for tax purposes, local media reported. According to a report from Globes, four legislators from the Yisrael Beiteinu political party presented the Income Tax Ordinance (Taxation of the Sale of Digital Currencies) bill in the Israeli […] The post Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law appeared first on Bitcoin News.
2020-9-26 02:00 | |
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Russia’s Ministry of Finance has prepared a new version of Russia's laws that introduce stringent measures regarding the usage of crypto wallets, a local media outlet RBK, reported today. The announThe post Russia’s new crypto laws require users to report their wallets appeared first on AMBCrypto.
2020-9-25 22:30 | |
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South Korean regulators have seized the share of the local cryptocurrency exchange Bithumb from its major investor. The move has been in connection with an ongoing case of the exchange for allegedly defrauding its clients, reported local media.
2020-9-17 20:27 | |
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First reported by Russian media, Kommersant, the newspaper, highlighted that Yaroslavskaya and Kurskaya parliamentary elections scheduled for September 13 would leverage this blockchain solution for remote voting.
2020-9-4 22:13 | |
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The experimental test of China’s sovereign digital currency is currently focused on small retail transactions and hasn’t expanded to large volume transactions yet, said the country’s central bank as reported by local media.
2020-8-24 19:28 | |
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Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly shut down 1,100 illegal bitcoin mining farms in the country, local media reported. Whistle-blowers tipped off authorities on unauthorized miners following a July announcement of rewards including 100 million rials (about $2,400).
2020-8-23 16:30 | |
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An Australian hacker who stole 100,000 units of the XRP cryptocurrency has been sentenced to a maximum of two years and three months in jail, local media reported. Kathryn Nguyen hacked the crypto account of a 56-year old man in January 2018.
2020-8-13 10:00 | |
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A Malaysian court has fined famous local actor Mas Khan $4,000, or 26 months in jail, for stealing around $50,000 worth of cryptocurrency belonging to his producer, local media reported. Khan appears to have gained access to his boss’ Datuk A.
2020-7-9 04:34 | |
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A Russian media outlet has reported a case of cryptocurrency theft which was waved off by a court in Russia. The Petrograd District Court of St. Petersburg made its ruling on the 30th of May as it brought the case to a close by ruling only partially, in favor of the victim. The origin of […]
2020-7-6 23:35 | |
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Switzerland’s government has rejected a 100 million franc ($103 million) bailout for local cryptocurrency companies battered by the coronavirus economy, local media reported. Zug finance director Heinz Taennler requested the special funding package in April.
2020-5-27 20:01 | |
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Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported. According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison and fines of up to $7,000 for […] The post Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail appeared first on Bitcoin News.
2020-5-24 04:05 | |
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Last month, as reported by NewsBTC, leaked screenshots suggested that Reddit was dabbling in Ethereum. Information shared by a user named “MagoCrypto” indicated that the giant social media forum with hundreds of millions of active users had attached an Ethereum address to the accounts of a limited set of users. Mago suggested that from the...
2020-5-14 01:46 | |
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Switzerland’s “crypto valley” is asking the government for 100 million Swiss francs ($102. 7 million) in funding, local media reported. The once flourishing Swiss cryptocurrency industry is struggling to survive following the withdrawal of private equity investors.
2020-4-29 14:55 | |
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ShapeShift, a US-based self-custodial crypto exchange has acquired Israeli non-custodial crypto wallet Portis, as reported by Israeli media platform – Globes. The Crypto exchange did not reveal the financial details of the acquisition.
2020-4-15 16:45 | |
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Vimeo, one of the most popular video-sharing platforms, has announced that several user accounts are at risk of being compromised by malicious actors. Online news media The Register reported that one of their readers had gotten a notification from Vimeo that his account had been inappropriately accessed by a third-party and frozen as a result.
2020-3-19 04:10 | |
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It’s been over six months since Kyrgyzstan suspended cryptocurrency mining companies in the country, reported a local media outlet. Before the ban, crypto mining companies had been receiving electricity directly from the Bishkek CHPP and the National Electric Network of Kyrgyzstan.
2020-3-10 20:40 | |
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Bitcoin has been declared a fungible intangible asset, which is an interchangeable good, in the Commercial Court of Nanterre, reported local media Les Echos. First, in France, the court decision allowed the legal nature of bitcoin, which was recently also declared a “Recognised Form of Investment,” by an Australian Judge in a Court Case Judgment. […]
2020-3-7 19:13 | |
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Social media engagements surrounding Bitcoin and its upcoming halving have been steadily increasing, recently reaching new highs in 2020. LunarCRUSH, a cryptocurrency data platform that provides data on the social engagement surrounding cryptocurrencies, has reported that Bitcoin social media engagements have reached 319,636,032 unique engagements.
2020-1-28 12:10 | |
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In the last couple of days, Chinese media have reported on police forces in one province of the vast Asian country seizing close to 7,000 mining rigs using stolen electricity and in another province arresting 72 multi-level marketing scheme operators for alleged fraud.
2019-12-25 02:00 | |
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In the last few months, media reported on several occasions that Singapore-based crypto exchange, Huobi, had processed a huge amount of PlusToken withdrawals. Crypto market data firm, Coin Metrics, has recently presented some on-chain data to back those findings.
2019-12-11 17:39 | |
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Dozens of crypto funds, almost 70, have closed this year, a mainstream media outlet reported. And while the startling number reveals the influx of institutional investors into the crypto space might not be happening at a fast pace, it’s also worth noting that crypto fund launches are projected to reach 140 by the end of […] The post Almost 70 Crypto Funds Close This Year, Twice as Many Launch appeared first on Bitcoin News.
2019-12-6 08:00 | |
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There have already been many news media outlets that have voiced their views of the issues concerning Tether, as big names like Bloomberg reported on the possibility that Tether has been used for price manipulation and stabilization of BTC.
2019-12-3 00:16 | |
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The International Monetary Fund (IMF) recommends that Georgia include the income from crypto trade and mining in its foreign trade balance reports. IMF Welcomes More Transparency on Crypto Mining The IMF’s suggestion is quite relevant, given that Georgia is currently the 4th largest producer of digital currencies from mining operations.
2019-11-30 21:34 | |
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Sohu, a local media house, reported on November 22 that the Chinese government closed BISS, a Chinese cryptocurrency exchange. However, the exact date of the closure remains unclear. Ten people who are believed to have been working for the exchange have also been taken into custody.
2019-11-24 20:17 | |
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People who decide to denounce illegal cryptocurrency fundraisings such as Initial Coin Offerings (ICOs) in China will now be rewarded by the local authorities, as reported by Sina Finance, one of the largest business media outlets in the country.
2019-11-20 16:54 | |
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Chinese state media has reported that local companies seem to be claiming to be using blockchain technology to boost their stock prices. Multiple firms have made statements saying that they are exploring blockchain technology.
2019-11-19 01:00 | |
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Dallas Mavericks basketball team’s CTO recently said in an interview that most fans aren’t yet caught up with the team’s cryptocurrency payment option. As reported by the Front Office Sports media outlet on November 14th, David Herr, Mavericks chief technical officer, said the team wants their fans to purchase merchandise and tickets in a more […]
2019-11-15 00:20 | |
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Malaysia has joined a growing list of nations imposing capital controls on their people. Economic and geopolitical tensions are forcing governments to restrict the flow of money across their borders.
2019-11-12 07:00 | |
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The government of Guangzhou, a province in southern China, announced that it will launch a $150 million subsidy fund to aid the development of local blockchain projects. The government will selectively sponsor up to two “blockchain-related” projects per year, local Chinese media reported.
2019-10-31 23:10 | |
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The endorsement of blockchain by Chinese President Xi Jinping created a gargantuan knock-on effect that will dramatically increase the technology’s penetration in China, reports cryptocurrency investor and Primitive Ventures founding partner Dovey Wan.
2019-10-27 02:01 | |
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A whistleblower on the cryptocurrency scam project, Onecoin, is receiving death and sexual violence threats from supporters of the project, a BBC report uncovers. Jen McAdam, an Irish crypto investor, reported the matter to the Scottish police claiming she has been receiving the threats mainly through her Facebook page. Onecoin Supporters vile Threats Reported to […]
2019-10-15 17:58 | |
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Chinese mobile payment giant Alipay has said that it doesn’t support the purchase of cryptocurrencies on its payment platform. Alipay’s statement comes after the Chief Executive Officer of Binance, Changpeng “CZ” Zhao, said that it now supports cryptocurrency purchases via Alipay and WeChat Pay, which BeInCrypto reported on yesterday.
2019-10-11 21:24 | |
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French tobacconists are getting another chance to sell Bitcoin coupons after the scheme had to be suspended earlier this year. Local media has reported that the scheme will restart today, allowing 5,200 tobacconists to sell coupons that can be redeemed for Bitcoin.
2019-10-10 14:44 | |
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Social media, a tool once used to keep in touch with friends and family to share daily updates of your life, has seemingly evolved into an archive holding millions of memes. Whenever you scroll through Twitter or Facebook, you’re faced with a wall of meme after meme — be that the “Distracted boyfriend meme” or “Pepe the frog.
2019-10-10 14:31 | |
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Research by cryptocurrency researchers has shown that Bitcoin SV has suffered one of its biggest plunges in October. Twitter shows that the “altcoin mention season” has drastically dropped this month, TIE reported.
2019-10-8 17:53 | |
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The U. S. House of Representatives wants Facebook CEO Mark Zuckerberg to appear in its Financial Services Committee to discuss the Libra cryptocurrency project before January 2020. House Committee Presses for Zuckerberg’s Testimony As previously reported by Bitcoinist, Facebook’s chief operating officer Sheryl Sandberg is set to meet with the U.
2019-10-4 15:00 | |
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XRP and Ripple are a frequent and almost always hot, controversial topic in crypto news and sometimes even mainstream media. Since the price action has been stagnating and rather dull, Ripple’s branding moves have caused some stir in the XRP communities and general crypto world.
2019-10-2 22:15 | |
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A new blockchain startup called Band Protocol, which was recently backed by Sequoia India has just released its first decentralized application (dapp): BitSwing. According to the company, the new dapp lets the users trade BTC binary options, which are a derivative based on Bitcoin.
2019-10-1 22:25 | |
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The acquisition of South Korean bitcoin exchange Bithumb by BK Consortium has been scrapped. Bithumb Sale Hits Rocks Over Missed Payment Deadlines South Korean media outlet Hanguk Kyungjae says the proposed acquisition of Bithumb by BK Consortium may no longer go through.
2019-9-30 11:17 | |
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Russia might implement an interesting tax method. Local media reported that the Association of Banks of Russia proposes a tax on cryptocurrency mining that is equivalent to the tax on found properties or treasures.
2019-9-27 11:00 | |
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Social media, a tool created to guard freedom of speech and democracy, has increasingly been used in more sinister ways. From its role in amplifying political disinformation in elections, to inciting online violence, and lowering the levels of trust in media — Facebook isn’t just a space to share “what’s on your mind,” and you’d be naive to believe so.
2019-9-26 12:45 | |
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Just nine months after introducing Stories in Facebook Groups, the social media giant is killing off the feature on September 26, at 9AM Pacific Time. The development was first reported by Matt Navara on Friday, which has since been confirmed by Facebook.
2019-9-23 11:25 | |
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Cryptocurrency prices have been highly volatile in the past few days. Bitcoin price has moved from last week’s low of $75,000 to over $85,000. The total market cap of all cryptocurrencies has moved to $2.
Bitcoin could risk dropping towards $70k, altcoins see little weekly gains.
Lawmakers have taken a step toward overturning a tax rule that mandates “custodial brokers” to gather and report user data to the IRS. The measure, which has sparked debate over its potential impact on financial institutions and taxpayers, now awaits a vote in the full House of Representatives. On Wednesday, the US House Ways and […]
Cryptocurrencies have demonstrated strong growth in the past few years. Some, like Bitcoin, Mantra, and BNB have become highly popular and rewarding to their investors. Mantra has had quadruple gains in the past 12 months.
Bitcoin could be eyeing a recovery above $100k; here's what happened this week.
Algorand price remains under intense pressure after crashing by over 90% from its all-time high to the current $0. 2585. Its market cap has crashed from over $12 billion at its peak to the current $2.
Pi Network price initially jumped after the mainnet launch on Thursday, and then erased all those gains. Pi, the popular tap-to-earn token, was trading at $0. 7290 on Friday morning, much lower than Thursday’s high of $2.