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Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange

22.1.2020
A new presidential decree in Uzbekistan envisages the introduction of tax exemptions for income obtained from operations involving crypto assets. The draft document published recently also incorporates proposals for the establishment of a blockchain valley and licensing regime for cryptocurrency...

New Guidelines Subject Canadian Crypto Exchanges to Securities Laws

18.1.2020
Canadian regulators have issued new guidance determining when current securities legislation applies to operations conducted by cryptocurrency exchanges. According to the clarifications in the document, many domestic and foreign entities serving Canadian users, for example those that provide...

Bithumb Uses Blockchain Technology for its Several Operations

16.1.2020
Bithumb is a digital economic platform and financial ecosystem comprising of people, organizations, and enterprises in both the traditional finance and blockchain industry. It is developing a blockchain ecosystem with partners from around the globe, including three cryptocurrency exchanges,...

Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season

28.12.2019
Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower...

Boerse Stuttgart and SBI Partner to Expand Crypto Services in Europe and Asia

22.12.2019
Germany’s second-largest stock exchange and a major financial services group in Japan have partnered to expand their crypto operations in Europe and Asia. Boerse Stuttgart recently launched its crypto trading platform while SBI has been expanding its crypto business operations for several...

Fidelity Aims for European Expansion, Launches UK Operations

17.12.2019
American mutual fund giant Fidelity is set to expand into Europe with a new UK-based branch. Per an official announcement, the company’s crypto arm, Fidelity Digital Assets, will begin operating in Europe. Fidelity will also launch a new entity that will serve European institutions that invest...

BiKi.com To Start Operations In Latin American and UAE Crypto Marketspace

17.12.2019
Headquartered in Singapore, the leading cryptocurrency trading platform Biki.com announced the news that it is venturing into the crypto marketspaces of Latin America and the United Arab Emirates, the regions which have been away from the complexities of the digital currency sector for the longest...

European AML Directive Pushes Crypto Startup Bottle Pay Out of Business

15.12.2019
Bottle Pay, a cryptocurrency payments provider from the U.K., has announced its decision to cease operations by the end of the year. Despite attracting some serious funding and expanding its user base significantly in the past few months, the company has found it unacceptable to continue to work...

Bitcoin Mining Operations Offer New Strategies Before Reward Reduction

10.12.2019
As the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced a hashrate auto-switch feature so clients can automatically switch between BTC and BCH mining....

Japan Now Has 21 Approved Crypto Exchanges

4.12.2019
Japan’s top financial regulator has approved the remaining crypto exchange that was in business prior to the regulation of the crypto industry. Exchanges in this category were allowed to continue operations while their registration applications were being reviewed. The regulator has so...

Despite Bitcoin’s Price Drop, High-Powered Mining Rigs Still Profit

1.12.2019
Since BTC prices slid below the $8K price range, mining operations have been making less revenue. On Sunday, December 1, only 13 mining rigs with an average electricity cost of $0.12 per kWh are profiting at current prices. Of course, miners from China and other regions pay far less per kWh...

Enterprise Blockchain Firm SettleMint Kickstarts Operations in India

28.11.2019
SettleMint, the Belgium-based firm that facilitates enterprise blockchain applications to its global client base, has broke the news about the launch of its operations in the Indian subcontinent. The highly anticipated launch event of the firm was organized in its office located in the capital city...

Bankrupt DX Exchange Reportedly Didn’t Pay Israeli Suppliers and Employees

26.11.2019
It was recently reported that digital assets trading platform DX Exchange ceased operations and was looking for a way to exit the market via a merger or a sale. New details from Israel show that the exchange reportedly didn’t even have the cash flow to pay its suppliers and employees. Also...

Lamborghini to Implement Blockchain in Supply Chain Operations via Salesforce

20.11.2019
The glorious Italian historical brand Automobili Lamborghini has made a new announcement that it will induce blockchain technology from Salesforce, a cloud solution provider in its supply chain management operations. Automobili Lamborghini is a manufacturer of super luxurious sports cars and super...

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