Cryptocurrency News

South Korean Bitcoin Exchange Upbit Denies Fraud Allegations as Executives are Formally Charged

South Korea’s top financial regulator has formally filed fraud charges against executives of one of the Asian country’s biggest cryptocurrency exchanges. Three senior executives of Upbit including the founder Song Chi-Hyung were charged with making fraudulent transactions between September and December last year by prosecutors in Seoul, according to nocutnews. Specifically, the senior Upbit executives

The post South Korean Bitcoin Exchange Upbit Denies Fraud Allegations as Executives are Formally Charged appeared first on CCN

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Altcoin Cryptocurrency News

Nano Releases Major Update. CoinGate Announces its Support by Stores in Over 100 Countries

Nano has had a good development since its origin as RaiBlocks (XRB). Its innovative design allowed it not only to gain the credibility of technology experts and authorities within the ecosystem but also to build a very solid and active community around it. After its rebranding, the evolution of NANO has been unstoppable. On December Read more…

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Cryptocurrency News Market

Coinbase Wants You to Earn Crypto While Learning About Crypto

Having acquired Earn.com in April, Coinbase has launched the first product out of that relationship. Dubbed “Coinbase Earn,” a resource page where crypto lovers can learn more about cryptocurrencies trading on Coinbase and get rewarded with tokens. The announcement, which was published on its blog, marks the 10th day of its 12 Days of Consecutive Announcement,

The post Coinbase Wants You to Earn Crypto While Learning About Crypto appeared first on CCN

UK Gov’t Unveils Cryptocurrency Tax Guidelines For Individuals
Cryptocurrency News Market

UK Gov’t Unveils Cryptocurrency Tax Guidelines For Individuals

Her Majesty’s Revenue and Customs (HMRC) yesterday released a policy paper, detailing cryptocurrency tax guidelines for individuals. The good news is that no new punitive tax measures apply to crypto, which essentially falls under existing taxation schemes. Which Tax Applies? After defining what a crypto-asset is, the paper notes that the nature of the industry requires Read more…

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Cryptocurrency News Market

Cryptocurrency Mining Could Crash The Entire Power Grid Of Abkhazia

The tiny Republic of Abkhazia has high hopes that cryptocurrency mining and operations could be its solution to economic woes. But the rickety ex-Soviet electricity network is already at capacity, leaving risks of blackouts if a cold snap hits. The Republic Of Where Now? Abkhazia is a de facto republic on the eastern coast of the Read more…

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Bitcoin Cryptocurrency News Market

Financial Advisors Stocking Up On Bitcoin, Says Australia’s Largest Retail Crypto Broker

Financial advisors are buying large amounts of Bitcoin, says the CEO of Caleb and Brown, one of Australia’s largest cryptocurrency brokerage services. They See Value In It… Discussing the current state of the cryptocurrency market and its forerunner Bitcoin, Dr. Prash Puspanathan, CEO and Founder of Caleb and Brown, Australia’s largest retail cryptocurrency brokerage service, reveals Read more…

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Cryptocurrency News Market

Japanese Bitcoin Exchange Coincheck that Lost $500M to Receive Full Licensing By End of Year

Readers may recall the January hack that cost Coincheck over $500 million. The largest theft in cryptocurrency history, the hack saw the exploitation of a vulnerability in the exchange’s security system and culminated in the loss of more than 500 million. New Economy Movement tokens, each worth over $1. As CCN’s Josiah Wilmoth wrote at the

The post Japanese Bitcoin Exchange Coincheck that Lost $500M to Receive Full Licensing By End of Year appeared first on CCN

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Cryptocurrency News

Bitcoin OTC Trading Volume Soars as Institutions May Be Accumulating

While volume on centralized exchanges is down as a whole, Bitcoin OTC (over-the-counter) markets have seen a surge in buyers leading to a shortage of sellers, according to the latest data from Diar. This may suggest that institutional investors are quietly stocking up on bitcoin while looking to keep prices low for the time being.  Read more…

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Bitcoin Cryptocurrency News

What’s Next for Bitcoin Miners in 2019 Amid Lower Price?

The year-long bear market finally forced many Bitcoin miners to capitulate by either scaling down or shuttering their operations. However, with the decrease in difficulty, some of these smaller establishments might want to get back into the business seeing as it is now easier to mine the top-ranked cryptocurrency. Bitcoin Miners Adapt to Lower BTC Read more…