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This Digital Asset Manager Has a Framework for Crypto Investing in 2020
24.12.2019
2020 could be “one of the brightest years” that the digital asset industry has seen so far, finds Vision Hill,a New York-based full service digital asset management firm. They also provided a framework for how investors can think about approaching the digital asset market next year.
Their report...
Uzbekistan Bans Citizens From Buying Crypto, They Can Only Sell
24.12.2019
Authorities in Uzbekistan have effectively banned residents from purchasing cryptocurrencies on digital asset exchanges licensed in the country. Crypto holders will only be able to sell their coins and that’s if these have not been obtained through anonymous transactions, amendments to...
PBOC Official: China’s Digital Yuan Won’t Be a Speculative Currency Like Bitcoin
23.12.2019
According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket...
Judge Rules Snowden Must Give Book Proceeds to US Government
21.12.2019
A U.S. district judge has ruled that former intelligence contractor Edward Snowden must turn over the proceeds of his new book to the U.S. government. According to the ruling, Snowden failed to obtain clearance for the materials and information used in his book. The same judge previously ruled...
Iran, Turkey, Malaysia Discuss Creating Unified Muslim Cryptocurrency
21.12.2019
At a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S. dollar. The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim...
SBI Partners With Stock Exchange Boerse Stuttgart to Drive Crypto Adoption
20.12.2019
Japanese financial services giant SBI plans to invest in two subsidiaries of Germany’s second-largest stock exchange Boerse Stuttgart Group
German Stock Exchange Plans International Digital Asset ‘Ecosystem’ Through New Partnership With SBI
20.12.2019
Boerse Stuttgart Group and Japanese financial giant SBI Group are teaming up on a joint initiative to build a digital assets '"ecosystem" in Asia and Europe
Fidelity-Backed Startup Fireblocks Is Now Certified Secure by Ernst & Young
20.12.2019
Digital asset security firm Fireblocks has successfully completed a major examination carried out by Big Four auditing firm Ernst & Young
Erisx Launches Regulated Bitcoin Futures Market
18.12.2019
Crypto trading platform Erisx has launched a bitcoin futures market regulated by the U.S. Commodity Futures Trading Commission (CFTC). Its physically settled bitcoin futures contracts trade alongside its spot market which supports four cryptocurrencies. Erisx has obtained a license from the U.S....
Poles Hit With Backdated Tax on Crypto Trades
16.12.2019
Crypto traders in Poland have been unpleasantly surprised with a controversial tax they thought they wouldn’t have to pay. The Civil Law Transactions Tax (PCC) is applicable to digital asset trades conducted before the introduction of last year’s moratorium on its collection, the Polish...
Cryptocurrency Is Still the World’s Best Performing Asset Class This Year
13.12.2019
Large-cap cryptocurrencies had a phenomenal year and remain one of the greatest investment success stories of the decade
Reuters: Dutch Bank ING Working on Digital Asset Custody Technology
12.12.2019
ING is reportedly developing digital asset custody technology, becoming the latest mainstream financial institution to enter the crypto custody business
Denmark’s Tax Authority Sends Warning Letters to 20,000 Crypto Owners
11.12.2019
The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these...
Australia’s Stock Exchange Backs $35M Round for DLT Survivor Digital Asset
11.12.2019
Digital Asset has raised $35 million in Series C funding, signaling a comeback for the seminal enterprise blockchain startup
SEC Taking ‘Measured’ Approach to Digital Asset Regulation, Jay Clayton Tells Senate Committee
11.12.2019
The chairman of the U.S. Securities and Exchange Commission, Jay Clayton, says his agency is taking a "measured" regulatory stance on "promising" blockchain tech
Sweden’s Financial Authority Approves Swiss Crypto ETP Provider Amun
11.12.2019
On December 10, Switzerland-based firm Amun AG announced the company’s base prospectus has been approved by the Swedish Financial Supervisory Authority (SFSA). The ETP provider said it has extensive plans to expand its digital asset ETPs throughout Europe, while Sweden shows “strong...
Bakkt Launches Bitcoin Options in US, Futures in Asia
10.12.2019
Bakkt has launched two new regulated bitcoin derivatives products. Within hours of launch, Bakkt announced that over 1,000 futures contracts had been traded in Asia. The platform now offers four types of regulated bitcoin derivatives products: monthly and daily physically delivered bitcoin futures...
Nexo Now Offers Bitcoin Cash Instant Crypto Credit Lines
9.12.2019
Bitcoin Cash community members are able to borrow against their favorite digital asset in more than 40 fiat currencies across more than 200 jurisdictions. This is thanks to Nexo which now offers BCH Instant Crypto Credit Lines with one of the lowest annual percentage rates in the industry. Also...
IRS Now Requires Tax Filers to Disclose Crypto Activities
9.12.2019
The U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019. Tax experts are frustrated at the vagueness of the tax agency, with some questioning...
Deutsche Bank Strategist Predicts Crypto Could Replace Fiat Money
8.12.2019
Deutsche Bank analysts have made some predictions regarding the future of cryptocurrency. Strategist Jim Reid explained why cryptocurrencies are inevitable and how the existing fiat money system could crumble over the next decade, leading to soaring demand for cryptocurrencies. Also read: Swiss...