Accidental Airdrop Made Exchange Users $5.3 Million Richer
South Korea-based crypto exchange Coinnest has announced that it accidentally sent cryptocurrencies worth USD 5.3 million to its customers during an airdrop. The exchange is now trying to take back its lost assets. The incident occurred when the exchange was trying to airdrop We Game Tokens (WGT). Last year, Kim Ik-hwan, CEO of Coinnest, was […]
Romanian Crypto Nest Eggs Decimated by New 10% Tax
Romania, Europe’s third-poorest nation (GDP per capita), has amended its taxation rules in order to accommodate those taxpayers with cryptocurrency earnings, now setting the rate at 10%. Income for cryptocurrencies is now regarded by the taxation authorities in Romania as “income from other sources” and are therefore taxable. It is a move very much in […]
Can Japan Make Bitcoin Splash at Tokyo Olympics?
Those promoting the adoption of Bitcoin and other cryptocurrencies as a form of payment in Japan will be hoping that next year’s Games of the XXXII Olympiad (Tokyo Olympics) will bring out the crypto spenders. The Japanese are traditionally a nation of cash spenders, unlike China and South Korea who have taken more to credit […]
Ripple Supports China’s Fintech Youth at Tsinghua University
Ripple continues to expand its collaboration with universities in Asia with its latest blockchain research program at China’s Tsinghua University. This Blockchain Technology Research Scholarship Program (BRSP) scholarship will only be available to graduates in 2019. It is principally aimed at the development of blockchain tech and international regulatory policies and will give participating students […]
SBI Group Pumps $15 Million into Blockchain Smart Card Wallet
Tokyo-based financial service company SBI Group has invested the sum of USD 15 million into blockchain smart card wallet producer Tangem. Custom forms of Tangem blockchain cards available soon. Antenna qualification testing in process.#blockchain #blockchaintechnology #crypto pic.twitter.com/1raqSXCd4C — Tangem (@Tangem) November 29, 2018 Tangem has been known to be among a few in the industry […]
BitcoinNews.com Bitcoin Market Analysis 22nd January 2019
After the weekly candle closed practically at the same price as the start of the trading week, the situation was not any clearer. The big shadow on a weekly candle means that so far, buyers are not strong enough to continue moving. However, sellers cannot continue to fall. All this happens on small volumes that […]
Bank for International Settlements Says Bitcoin Must Drop Proof of Work
The Bank for International Settlements (BIS) has published a report in which it has suggested Bitcoin’s issues can be resolved with it moving away from its current Proof of Work (PoW) system. The publication is based on the opinion on that as block rewards fall, there will come a time when the generation of new […]
Downturn What Downturn? Australian ATMs Booming at $360,000 Weekly
Bitcoin price might be down compared to the highs of late 2017, but one business down under is doing very well thank you, according to one ATM operator. Auscoin, an Australia-based Bitcoin automated teller machine (ATM) firm with 31 ATMs across the country, is planning to expand its locations to 1,200 soon due to the […]
Ghana Mulls Positive Crypto Legislation
There are indications in some cryptocurrency circles in Ghana that its Securities and Exchange Commission (SEC) may be prepared to release its stranglehold on the space, which currently doesn’t allow trading. This would represent a major turnaround though, given that currently all businesses are banned from conducting cryptocurrency transactions in the African nation. This despite […]
London Stock Exchange Claims Crypto Industry Boosted by Trading Tech
The London Stock Exchange (LSE) is currently considering a move towards the cryptocurrency space; a step that so far it has avoided. It is selling technology though, not shares. Reports indicate that the LSE Group has signed a deal with Hong Kong-based global fintech company, ATOM Group (ATOM) in order to enable its AXX Digital […]
