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60 Cryptocurrency Exchanges in South Korea to Shut Down All or Some Services This Week
21.9.2021
The deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange has been licensed to continue operations. About 60 crypto exchanges are expected to either shut down or reduce...
Solana attributes major outage to denial-of-service attack targeting DEX offering
21.9.2021
The Solana Foundation says bots spammed the Grape Protocol IDO on Raydium with 400,000 transactions per second, bringing the network to its knees
Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians
20.9.2021
On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real...
Nigerian Central Bank Threats Force Parallel Exchange Rate Tracker to Suspend Service
20.9.2021
Following threats from the Central Bank of Nigeria (CBN), the management of Abokifx, a website that tracks the Nigerian currency’s black market exchange rates, has announced the suspension of their daily updates. This suspension will remain in effect until Abokifx gets “better clarity...
US Authorities Investigate Binance for Insider Trading and Market Manipulation: Report
19.9.2021
Binance’s troubles with regulators grow as U.S. authorities are now reportedly investigating the exchange for possible insider trading and market manipulation. The investigation involves the Commodity Futures Trading Commission (CFTC). The Justice Department (DOJ) and the Internal Revenue...
Screwing Up, Offlining, OpenSeaing and 20 Crypto Jokes
18.9.2021
target="_blank" rel="noopener noreferrer" href="https://cryptonews.com/news/solana-full-service-expected-soon-sol-recovering.htm">Solana mainnet was forced to go offline and was restarted, affecting the coin’s price, Ethereum L2 scaling solution Arbitrum’s TVL
PayPal UK Steps into Bitcoin & Crypto Waters Too
17.9.2021
bitcoin cash (BCH) from their PayPal accounts, said the payment giant.“Look out for it in the PayPal app,” they added. This new service was first announced in the second half of Augu
US Lawmakers Propose to Subject Cryptocurrencies to Wash Sale Rule
17.9.2021
A committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS), they are currently not subject to the wash sale rule. This proposal attempts...
IRS, Janet Yellen Press Lawmakers to Push ‘Tax Compliance Agenda’ — Banks to Report Deposits, Withdrawals of $600
16.9.2021
On Wednesday, U.S. Internal Revenue Service (IRS) commissioner Charles Rettig and Janet Yellen, the Treasury secretary, urged lawmakers to give the IRS permission to report annual inflows and outflows from American bank accounts. Regardless of tax liability, financial institutions across...
Solana Full Service Expected Soon, SOL Recovering
15.9.2021
west reached at the start of September 15, SOL had dropped 14%. It has since then recovered nearly 9%.SOL price chart:Source: coingecko.comSolana validators have successfully restarted its Mainnet Beta after nearly a day of downtime, expecting block explorers, dapps (decentralized appl
Russian Blockchain Experts Are Offered Almost x5 the National Average Salary
14.9.2021
ww.reuters.com/article/russia-economy-gdp/russian-economy-grows-10-5-y-y-in-q2-its-strongest-leap-since-2000-idUSR4N2PJ028">reported, the Federal State Statistics Service (Rosstat) released quarterly data showing that the Russian economy had actually grown by a staggering 10.5% year-on-year for
BitYard Has Partnered With Banxa to Expand Fiat Money Deposit Methods Supporting Major Currencies
13.9.2021
PRESS RELEASE. BitYard, a Singapore-based cryptocurrency derivatives exchange, is continuously improving its trading services in response to the changing needs of global investors. Recently, the exchange has partnered with Banxa, the world-leading payment service provider (PSP) for the digital...
Google Stadia Loses Another High-Profile Exec
11.9.2021
The last year or so hasn’t been great for Stadia, Google’s game streaming service. And now its Director of Games is leaving to join a different part of Google. This follows other high-profile exits from Stadia earlier this year and seems to signal that Google is truly done making or funding...
NYDIG Partners With MVB Bank to Offer White Label Bitcoin Solutions
10.9.2021
NYDIG, a Bitcoin-based fintech firm, has announced it will partner with MVB bank to integrate its Bitcoin services into MVB’s banking as a service solution. The joint effort will allow the development of a white label solution, allowing third parties to complete their financial services with...
Matrixport Launches ‘BTC-U Range Sniper’ — Returns Up to 200% for Accurate Predictions
7.9.2021
The financial asset services platform Matrixport has introduced a variety of new products since the firm raised $100 million in a Series C financing round during the first week of August. Following the launch of the company’s “ETH2.0 Staking Earn” earning service, Matrixport...
Cryptowisser : Cryptocurrency Likely to Be More Environmentally Friendly Than Traditional Banks
6.9.2021
PRESS RELEASE. Leading Crypto service comparison site – Cryptowisser deep dives into the environmental future of cryptocurrency. Despite major scrutiny from traditional media and press, cryptocurrency possibly remains more environmentally friendly than traditional banks, just no one...
BBVA Switzerland Launches ‘New Gen’ Digital Account With Integrated Crypto Wallet
4.9.2021
Clients of BBVA Switzerland will be able to buy, store, and trade crypto assets with a digital account that comes with a cryptocurrency wallet. The new banking product will be available across the European Union as well as in a number of markets in South America. BBVA Switzerland Account...
Bitcoin Testing, Twitter Bitcoining, Kids Winning and 20 Crypto Jokes
4.9.2021
tter-beta-testing-bitcoin-lightning-network-tipping-more-11631.htm">a Bitcoin Lightning Network tipping service. Coinbase vowed to win back the “trust” of the customers it spooked with a blunder that saw it send “roughly 125,000” people
Swiss Bank Drops Crypto Asset Service Amid U-Turn On Innovation
3.9.2021
In an unexpected turn of events, Switzerland’s Basler Kantonalbank (BKB) has announced it shut down its cryptoasset-focused project in a bid to focus on other sectors set out in its strategy for the years 2022 to 2025. BKB has also decided to close its fintech subsidiary Keen Innovation which...
IRS Agent Poses as Bitcoin Trader Called ‘Mr. Coins,’ Biden’s IRS Wants ‘Outflow and Inflow’ Data From Banks
2.9.2021
Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden’s American Families Plan....