Author: Adrian Zmudzinski

South Korea Considers Imposing a 20% Income Tax on Cryptocurrencies

CoinTelegraph

South Korea’s Ministry of Economy and Finance is considering imposing a 20% tax on income from cryptocurrency transactions. According to a report published by local English-language news outlet The Korea Times on Jan. 20, the ministry had reportedly ordered its Read More

Block.One Released Major EOS.io Blockchain Software Update EOS.io 2.0

CoinTelegraph

Blockchain software development firm Block.One released EOS.io 2.0, the software underlying the EOS blockchain. In the release announcement published on Twitter on Jan. 10, Block.One claimed that the update makes the blockchain “faster, simpler, and even more secure.” Major changes Read More

CFTC Cannot Locate Man Responsible for Over $140 Million Crypto Ponzi

CoinTelegraph

The United States Commodity Futures Trading Commission (CFTC) is having trouble locating Benjamin Reynolds, who is allegedly responsible for a cryptocurrency Ponzi scheme worth over $140 million. Financial news outlet FinanceFeeds reported on Jan. 6 that the CFTC has filed Read More

Crypto Booking Service Sees 33% Boost After Partnership With Booking.com

CoinTelegraph

Cryptocurrency-accepting booking service Travala has seen its revenue for the month of December go up by over 33.5% month-on-month following a partnership with Booking.com. According to a post published on the firm’s official blog on Jan. 1, Travala has also Read More

Coinbase CEO Brian Armstrong Says 20s Will See an Anoncoin Go Mainstream

CoinTelegraph

Brian Armstrong, co-founder and CEO of United States-based cryptocurrency exchange Coinbase, said that he believes a “privacy coin” will go mainstream in the 20s. In a post published on Coinbase’s official blog on Jan. 3, Armstrong said that he believes Read More

China’s Crackdown on Cryptocurrency Trading: A 2019 Recap

CoinTelegraph

While China has waged war on domestic cryptocurrency trading activities since 2017, this year saw it tighten the screws as hype around crypto’s underlying blockchain technology renewed interest in digital assets. Below is a summary of China’s difficult relationship with Read More

Apple May Remove Coinbase’s Mobile DApp Browser from App Store

CoinTelegraph

After Google removed Ethereum-based decentralized application (DApp) browser MetaMask from its Android application store, Apple may now force Coinbase to remove the DApp browser feature from its crypto wallet application. According to a Reddit post published on Dec. 28, United Read More

Bithumb Crypto Exchange Reportedly Considers Litigating $68.9M Tax Bill

CoinTelegraph

Major South Korean cryptocurrency exchange Bithumb is reportedly looking to undertake administrative litigation over an $68.9 million (80 billion won) tax bill. English-language local news outlet KoreaHerald reported on Dec. 29 that the local tax agency has handed down over Read More

United Nations Must Embrace Blockchain: UN Secretary-General

CoinTelegraph

United Nations (UN) secretary-general António Guterres said the organization must embrace blockchain technology. According to a Dec. 28 Forbes report, Guterres believes that blockchain should be among the technologies used by the UN.  “For the United Nations to deliver better Read More

Venezuela, Argentina Set New Weekly P2P Bitcoin Trading Volume Records

CoinTelegraph

Bitcoin (BTC) weekly trading volumes on peer-to-peer (P2P) trading platform LocalBitcoins in Venezuela and Argentina have hit new all-time highs in their respective national currencies. Cryptocurrency data website CoinDance shows that LocalBitcoins trading volume in local fiat currency in Argentina Read More

Uzbekistan Bans Citizens From Buying Cryptocurrencies

CoinTelegraph

The government of Uzbekistan has reportedly barred its citizens from purchasing cryptocurrencies. According to local news outlet Novosti Uzbekistana on Dec. 25, the National Project Management Agency has banned citizens from purchasing crypto, even on established exchanges.  The decision comes Read More

Poloniex Allows Up to $10,000 Daily Withdrawals for KYC-Less Accounts

CoinTelegraph

Cryptocurrency exchange Poloniex announced a new account tier — dubbed Level 1 — allowing for up to $10,000 in daily withdrawals without requiring full Know Your Client (KYC) onboarding. According to the announcement published by the exchange on Dec. 19, Read More

Real Bitcoin Double Spends Are Hard, Looking Into Alleged Issue

CoinTelegraph

Bitcoin Cash (BCH) focused firm BitcoinBCH has potentially misled the public into believing that Bitcoin (BTC) double spends can be easily carried out. On Dec. 18, BitcoinBCH’s CEO Hayden Otto published a video on YouTube allegedly showing how TravelByBit’s Bitcoin Read More