South Korea FSC chair advises caution on corporate crypto transactions

South Korea's nominee for FSC chair, Kim Byoung-hwan, expressed caution about corporate crypto transactions, signaling opposition to spot Bitcoin ETFs.

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Solana Foundation to unlock crypto transactions across the internet

Solana developers have developed two new tools to improve mass crypto adoption and unlock crypto transactions across several internet platforms.

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U.S. Consumer Finance Watchdog Wants to Oversee Major Tech, Some Crypto Payments

A proposed rule would let the CFPB supervise nonbank payment providers and transactions between people, including some crypto transactions.

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Ukraine High Ranking Officer Shares Thoughts On Crypto Assets, Says It’s Important

One of the advantages of using crypto is to ease cross-border transactions. Crypto makes the process swift, simple and affordable. Another reason to applaud crypto is the anonymity in users’ transactions.

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US Senators propose bill to exempt crypto transactions under $50 from taxation

A bipartisan bill from Senators  Patrick Toomey (R-Pa.) and Kyrsten Sinema (D-Ariz.) proposes tax exemptions on crypto transactions up to $50. The post US Senators propose bill to exempt crypto transactions under $50 from taxation appeared first on CryptoSlate.

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Coinbase introduces new rules for crypto transactions in some countries

Regulations continue to give crypto exchanges a hard time.

The post Coinbase introduces new rules for crypto transactions in some countries appeared first on CryptoSlate.

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$3.5 Billion In Crypto Accounted for 93% of All Assets Seized by IRS in 2021: Report

The agency expects to seize billions of dollars worth of crypto in the coming year after getting more ability to surveil crypto transactions in the infrastructure package, to counter which a comprehensive bipartisan bill has been introduced in the House.

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U.S. Congressman Says Courts Should Be Allowed to Reverse Crypto Transactions

U.S. Congressman Bill Foster claims that judicial powers have to unmask crypto users and reverse fraudulent transactions

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Driving ‘purists beserk’: Co-chair of blockchain caucus wants to 'reverse' crypto transactions

Democratic Representative Bill Foster has called for legal power to identify wallet holders and reverse crypto transactions in instances of criminal behavior such as ransomware attacks.

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IRS sheds light on reporting requirements for fiat-purchased crypto

The United States Internal Revenue Authority (IRS) has updated the FAQ section on cryptocurrencies. A report unveiled this news on March 3, noting that the update exempts individuals that purchased crypto using fiat currencies and had no other crypto transactions in 2020 from reporting such transactions under the virtual currency question.

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Blockchain mysteries: Biggest crypto transaction fee oddities

Take a look at a few crypto transactions that came with unnecessarily high fees.

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British financial advisor calls on the gov’t to ban crypto transactions

Veteran financial advisor Neil Liversidge came to the U.K. Government and Parliament with a petition to ban crypto transactions.

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This country accepts more retail crypto transactions than anywhere else in Latin America

Venezuela may have the most crypto volume, but this country bests all of Latin America when it comes to retail crypto transactions.

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Dirty Crypto Takedown: How Gov’ts Deanonymize Crypto Transactions to Fight Crime

It’s a common belief that the anonymity of cryptocurrency is nearly absolute, making it harder for law enforcement agencies to trace furtive transactions and apprehend criminals. However, there are examples when government agencies managed to seize criminals by analyzing crypto transactions to the point of deanonymizing crypto users’ identities.

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New Bitcoin Crackdown: China Witch-Hunting Any Provider of Crypto Transactions to Locals

Shanghai authorities are cracking down on Bitcoin and crypto and are banning any providers of crypto transactions to Chinese users

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France: Crypto-to-Crypto Transactions Tax-Exempt Unless Traded for Fiat

France has welcomed cryptocurrency investments by announcing that crypto to crypto transactions will be tax-exempt, and necessary taxes will be applied only when selling crypto for fiat currency. According to Bloomberg Tax, France will also introduce a value-added tax (VAT) for transactions where crypto is directly used to purchase goods and services, September 12, 2019.

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75% of Crypto-Holders Fear the Failure of Transactions While Sending Crypto

To the general population, cryptocurrencies are a new piece of technology that only computer-savvy nerds understand and use. The idea… The post 75% of Crypto-Holders Fear the Failure of Transactions While Sending Crypto appeared first on Invest In Blockchain.

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Carbon Crypto Project, AZTEC Protocol Partner To Create A Privacy CUSD Stablecoin On Ethereum

Carbon Startup And AZTEC Protocol Sign Partnership To Create A Privacy Stablecoin On Ethereum The cryptocurrency startup Carbon has signed a partnership with AZTEC Protocol in order to create a new stablecoin on the Ethereum (ETH) network.

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How an 18-Year-Old Hacker Stole Millions of Yen from a Crypto Project

According to local publications, an 18-year-old hacker stole 15 million yen, which is equivalent to $134,640, worth of a crypto asset called Monacoin. On Monappy, a platform that enabled Monacoin users to store their funds, the hacker initiated a large number of transactions in a short period of time to overload the system.

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Redditor Claims to Lose $83,000 in Monero Due to Ledger Wallet Bug

A warning has been posted to the Monero subreddit regarding Monero version 0. 14 and Ledger 1. 1. 3. The bug appears to incorrectly process change transactions. One user appears to claim they’ve lost 1600 Monero, worth nearly $83,000 at press time.

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Security Researchers at Imperva Find Monero Crypto Miners Were Leveraging Weak Docker Hosts

As per an all new report released by Imperva — a security research firm— crypto miners have been “exploiting hundreds of fragile Docker hosts” associated with the Monero project. As a result of this, many XMR based transactions are being obscured and all of the intrinsic data related to these tx’s is becoming nearly impossible […]

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CipherTrace Partners with Maltese Regulators to Manage Risk of Financial Crimes

CipherTrace, a blockchain analytics company, is partnering with the Republic of Malta’s sole financial regulatory agency to ensure that all crypto transactions within the country are free of money laundering and other similar financial crimes.

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Survey: 70% of Cryptocurrency Owners Rarely Use Crypto for Payments

A recent survey has found that the majority of cryptocurrency owners rarely use it for making payments. One somewhat unexpected reason postulated for this is that some people are still nervous about making cryptocurrency transactions.

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Telegram based Button Wallet integrates Changelly to ease crypto exchange

CryptoNinjas Changelly, a crypto exchange tool, today announced a new collaboration with Button Wallet, a safe and convenient way to keep your crypto assets on Telegram, to facilitate easy exchange of cryptocurrency within the app.

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Alendoo ICO

Alendoo’s main mission is to keep their customers anonymity. It was necessary for the company to ‘think outside the box’ to fulfil its existing promises to customers and find a way to extend their offering by adding Loans paid out in FIATs.

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Big Fat Pump: Crypto.com Chain (CRO) Jumps 168% in a Day

A cryptocurrency had bulls for breakfast this Tuesday, with steroids as a topping. Crypto. com Chain, a blockchain project which reportedly enables instant crypto transactions, saw its native token CRO jump as much as 168 percent today.

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NetCents launches Crypto Banking Stack (CBS) service for institutions

CryptoNinjas NetCents, a transactional hub for cryptocurrency payments, has announced the launch of its Crypto Banking Stack (CBS), which are the rails that facilitate cryptocurrency accounts, transactions, and functionality into existing platforms for banks, financial institutions, and money service businesses.

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Malta Appoints Cybersecurity Firm Ciphertrace to Monitor Crypto Transactions

The Malta Financial Services Authority (MFSA) has appointed U. S. cybersecurity company Ciphertrace to help with compliance monitoring of crypto assets. Ciphertrace will be expected to keep track of transactions that pass through local crypto exchanges and digital wallets including ICOs, screening for potential money laundering and terrorism financing violations.

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Wazirx Crypto Exchange Expands Its Automated Peer To Peer Matching Engine Service Globally

India’s Crypto Exchange, Wazirx, Expands Its P2P Automated Service Globally! India based crypto exchange, Wazirx, is set to expand its services to more countries as a solution to the strict banking policies towards the cryptocurrency market.

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Proposed Texas Bill Would Require ID Verification for Crypto Use

A bill proposed by the Texas legislature will require that all receivers of cryptocurrency in regular transactions verify the identity of the cryptocurrency sender before accepting any payment.

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Globitex Launches Euro Wallet – One Step Closer to Bridging Cryptocurrency and Banking

Globitex has announced the launch of its revolutionary fintech product the EURO Wallet – Crypto Banking Solution with Instant Transfers! The service is powered by Nexpay UAB, an EU licensed financial institution.

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Most Popular and Famously Favorite Bitcoin Transactions All Crypto Historians Likely Know About

Despite all of the negative things that have been said about Bitcoin by various mainstream media outlets, there is no denying the fact that the flagship digital asset has been able to garner immense mainstream support during the last 3-4 years In this article, we will look at some of the most enduring/famous BTC transactions […]

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Revolut Launches Auto-Exchange Feature for Select Crypto and Fiat Currencies

Revolut, a mobile finance and payment application based in the U. K. , has launched a service that makes it possible for its clients to “auto-exchange” fiat and digital currencies on its platform.

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Ethereum Creator Suffers Blowback for Proposing New Crypto Wallet Fees

Ethereum creator Vitalik Buterin has proposed a “sustainable” way to fund cryptocurrency wallet development: a tiny per-transaction fee that goes to the wallet’s developers. Ethereum Creator: Crypto Wallets Should Charge Transaction Fees In his view, the fee should be the smallest unit of Ethereum and should be a flat fee, rather than a percentage, so as not to “create a perverse incentive to not optimize gas fees.

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Canadian Federal Tax Agency Targets Bitcoin Investors

The Canada Revenue Agency (CRA) has apparently been specifically targeting bitcoin and crypto investors as part of its broader tax strategy to keep tabs on their cryptocurrency investments, including how they purchase these assets.

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Video: Dogecoin Makes Us Laugh, But Can It Make Us Rich?

Happy Friday! Today’s Video Briefing gives a few pets to one of the goodest boyes in the world of cryptocurrency: Dogecoin. DOGE is fast, cheap, and has a big, friendly community, making it a favorite for online tipping and small transactions.

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Starbucks Will Laugh if You Still Use Cash in 3 Years: Bitcoin Bull Draper

Bitcoin bull Tim Draper has predicted that by 2022, coffee lovers will be routinely buying their fix at Starbucks using bitcoin and other crypto assets. Draper: Bitcoin Will Dominate Starbucks Transactions In a podcast interview with NBC Bay Area, Draper said that the cryptocurrency is on the verge of making the US dollar redundant: “I think when you go to Starbucks to buy a cup of coffee, and you try to pay with dollars, they will laugh at you because you are not using bitcoin or other cryptocurrency.

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Crypto Spring Blooms? Bitcoin Transactions Hit Highest Level in 13 Months

Positive news has been stretched thin during the “Crypto Winter,” but there are now genuine signs that the ice is beginning to thaw. With Bitcoin showing remarkable resiliency and price stability in a world that wants to write it off, there are many fundamentals to which believers in the world’s largest cryptocurrency like to pay attention.

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CipherTrace CEO Becomes First-Ever Bitcoin Expert Witness in $1.4 Million Darkweb Crypto Case

A very high-profile court case involving cryptocurrencies is currently happening in Canada. No, we’re not talking about QuadrigaCX, the exchange which has lost all its funds after its owner died and took the private keys to the clients’ funds with him.

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Fake News: Japan’s Largest Bank isn’t Launching a Cryptocurrency

Several crypto media outlets have reported that Japan’s Mizuho, the country’s largest bank, and dozens of others are launching a blockchain product. According to Quartz, however, these reports are false in the extreme: J-Coin has nothing to do with cryptocurrency or even blockchain in general.

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Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume

Despite many stablecoins ranking among the top 20 most traded crypto assets by monthly volume, a recent report has shown that there are few onchain transactions conducted using these fiat-pegged tokens.

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Dash In Lockstep With VegaWallet To Revamp Legal Cannabis Liquidity

Today, Dash, a leader in cryptocurrency payments and e-commerce, announced a partnership with VegaWallet to implement new applications and utility for Dash’s blockchain-based payment protocols.

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Fighting XRP? Or Fighting for XRP?

The incredibly stable growth of XRP attracted attention to it, of course. The niche in which the token settled – intercountry transactions – is also attractive for others. Envious bankers Bankers for a long time glances in the direction of the crypto with caution.

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ConsenSys’ PegaSys Team Launches Pantheon Enterprise Ethereum Client

You don’t need to wait for Casper for high-speed transactions on Ethereum. ConsenSys, the largest workshop for blockchain development, has released a new client specifically geared to facilitate enterprise and commercial adoption.

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Crypto Money Laundering Reports Spiked in Japan Last Year, Police Say

Reports of suspicious cryptocurrency transactions in Japan soared last year, but were a tiny fraction of the overall total.

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Crypto Money Laundering Cases in Japan Dramatically Shoots Up 10-Fold

Suspicious financial transactions filed by Japan-based cryptocurrency exchanges increased ten times over the previous year, according to the National Police Agency. The central enforcement body said Feb 28 that 7,096 out of the total 417,465 suspected money laundering cases mentioned the use of cryptocurrencies in 2018.

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Cryptocurrency Miners are Making Millions for Doing Absolutely Nothing

The latest issue of Diar points out that Bitcoin miners and other crypto miners have made tens of millions of dollars without processing a single transaction. The major proof-of-work blockchains, Bitcoin, Ether, Litecoin, and Dash, have earned in excess of $18 billion.

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Decentralized Payment Processor BTCPay Adds New Invoicing Options

Decentralized payment processing service BTCPay Server announced a new service available through their platform on February 22, 2019: a way to request payments by simply sharing a URL, thereby streamlining many of the model’s existing hangups.

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Video: IOST Opens Its Doors, But Can It Stay In Business?

Today’s Video Briefing takes a look at one of the latest platforms for Fintech smart contracts: IOST. The Internet of Services Token has announced a successful mainnet launch, as a first step to transitioning from Ethereum to a high-speed blockhain with potentially thousands of transactions per second.

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