Cryptocurrencies

Korean blockchain lobby calls for crypto tax plan to be put on ice

The Korea Blockchain Association has called for the government’s new 20% crypto trading tax plan to be delayed for another two years. According to an Oct. 14 report from News1 Korea, the Korea Blockchain Association, or KBA, is requesting regulators postpone the South Korean government’s implementation of its long awaited new tax strategy until Jan. …

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YouTube’s sleazy decline into scam promotion

Last weekend, I was watching a sports stream on YouTube. Talented, fearless athletes on the screen, a glass of wine in one hand and a purring cat under the other — you know, those perfect Saturday evenings. If only the stream didn’t keep being interrupted every few minutes by annoying ads. They usually come in …

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Dollar dip meets hash rate boom: 5 things to watch in Bitcoin this week

Bitcoin (BTC) starts the week above $11,000 as fresh gains continue to hold — is $12,000 next or will bears gain control? Cointelegraph takes five factors that could help decide whether this week is bullish or bearish for BTC price action.  U.S. election could send dollar back to 2018 Bitcoin remains sensitive to macro phenomena …

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Wolf of Wall Street on steroids: DeFi may be a bubble, but it’s making us stronger

Programmers have found a way to replace the core service offerings of Wall Street and an army of corporate lawyers with 800 lines of smart contract code. The “De” in DeFi stands for “decentralized,” meaning there are no intermediaries in the process. Despite the raw and unpolished user interface, billions of dollars in assets flow …

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Better regulation needed to stop crypto tax evaders from running wild

Antivirus software pioneer John McAfee, the founder of McAfee Associates — the company that released the first commercial antivirus software, McAfee VirusScan, in the late 1980s, contributing to the birth of multibillion-dollar industry — was indicted on five counts of tax evasion and five counts of willful failure to file a tax return, which could …

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Crypto banks are going to swallow fiat banks in 3 years — or even less

Within a few years, a younger generation of financial services customers are going to be able to walk into a bank and gain access to credit products, savings accounts and investments that can host both crypto and fiat assets. In fact, the inroads that will allow for all of this to happen are already breaking …

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British fintech to expand banking services to Indian crypto customers

The London-based online banking platform Cashaa is planning to launch a crypto-friendly neobank — or internet bank — in India.  Kuman Gaurav, the founder of Cashaa, told Cointelegraph that Cashaa India will allow Indian businesses and individuals to open a savings account with them and buy, store and save cryptocurrencies just like any other financial …

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Former Morgan Stanley exec joins Gemini crypto exchange

Major American cryptocurrency exchange Gemini is expanding the company’s business in the Asia-Pacific region with a new high-profile hire. Andy Meehan, a former executive at major American investment bank Morgan Stanley, has joined Gemini as chief compliance officer of the APAC region. Announcing the news on Oct. 7, Gemini executives noted that Meehan will work …

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BitMEX’s actions likely to scare off mainstream institutions, former CBOE trader says

Cryptocurrency derivatives exchange BitMEX has not played ball by U.S. regulatory rules, which hurts the crypto industry as a whole, according to David Carman, a former veteran Chicago Board Options Exchange trader. Carman currently helps head up a Chicago-based global crypto regulatory association, seeking to bring regulatory clarity to the industry.   “If they’re not going …

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Kyrgyzstan’s central bank suspends SWIFT to prevent capital outflow

The central bank of Kyrgyzstan has disabled cross-border transactions on the SWIFT financial network amid widespread unrest over the country’s disputed parliamentary elections. Aida Karabaeva, an official representative of the National Bank of the Kyrgyz Republic, announced a temporary suspension of SWIFT in Kyrgyzstan in a statement on Oct. 7. According to Karabaeva, the bank …

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