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Search Results for: cryptocurrency

Swedish Man Goes to Court over “Absurd” Cryptocurrency Tax Bill

Category: Bitcoin, Finance, News, Regulation

Swedish Man Goes to Court over “Absurd” Cryptocurrency Tax Bill

Swedish Man Linus Dunkers has filed a court case after being charged $885,000 in tax for Cryptocurrency trading. An amount he says is over three times all the profit he made, as per a report from SVT January 20, 2019. A Million Ways to Tax One aspect of cryptocurrency adoption that has caused great frustration is the issue of paying…

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Two Former Executives Jailed for Faking Cryptocurrency Transaction Volumes

Category: Crime, Exchange, News

Two Former Executives Jailed for Faking Cryptocurrency Transaction Volumes

On January 17, 2019, two former executives from Komid, a South Korean cryptocurrency exchange, were jailed for three and two years respectively for using fake accounts to fraudulently inflate transactions on the exchange. The Sentencing In a historic move, the 13th Criminal Settlement Agreement of the South District Court in Seoul has dished out the first ever jail term for…

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Saudi Arabia and the United Arab Emirates (UAE) to Launch Pilot Cryptocurrency for Cross-Border Payments

Category: Blockchain, Development, News, Tech

Saudi Arabia and the United Arab Emirates (UAE) to Launch Pilot Cryptocurrency for Cross-Border Payments

Saudi Arabia and the UAE have launched a cryptocurrency aimed at facilitating cross-border payments. The new digital asset was unveiled during the first meeting of the Saudi-Emirati Coordination Council held on January 19, 2019, in Abu Dhabi, according to a WAM report. National Crypto As stated in the WAM press release, the Executive Committee of the Saudi-Emirati Coordination Council in…

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Cryptocurrency Exchange Cryptopia Hacked, Reports Significant Losses

Category: Bitcoin, Business, News

Cryptocurrency Exchange Cryptopia Hacked, Reports Significant Losses

Cryptopia, a New Zealand-base cryptocurrency exchange, has suspended all services and gone offline after reporting a major hack that resulted in significant losses, the company announced in a tweet on January 15, 2019. Security Breach Reported at Cryptopia The new year doesn’t seem to have brought any relief to cryptocurrency exchanges, many of whom have fallen victim to major security…

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Denmark Government Looking to Forfeit Taxes related to Cryptocurrency Trading

Category: Bitcoin, Finance, News, Regulation

Denmark Government Looking to Forfeit Taxes related to Cryptocurrency Trading

According to a statement published by the tax agency of Denmark, Monday (Jan 14), cryptocurrency trading will soon be taxed in Denmark. Furthermore, the country’s tax agency is now fully authorized to conduct information requests relating to cryptocurrency trading New Authority Seemingly, the Danish Tax Authority has made the move after receiving information from their Finnish counterpart in December 2018….

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Cryptocurrency Mining Malware Ranks Top for the 13th Time on Global Threat Index

Category: Blockchain, Crime, News

Cryptocurrency Mining Malware Ranks Top for the 13th Time on Global Threat Index

The “Global Threat Index for December 2018” report from Israeli cybersecurity solutions company Check Point Software Technologies Ltd. has revealed that cryptocurrency mining malware has topped the chart for the 13th time in a row to be computer’s most prevalent attacks, according to GlobeNewswire on January 14. Cryptocurrency Mining Malware on The Rise Based on reports, SmokeLoader, a second-stage downloader…

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Former Columbian Drug Lord Launches Escobar Cryptocurrency to Impeach Donald Trump

Category: Altcoins, Business, News, Regulation

Former Columbian Drug Lord Launches Escobar Cryptocurrency to Impeach Donald Trump

According to an Asia Times report on January 14, 2018, Roberto Escobar, the brother of Pablo Escobar, the late Columbian drug lord is running a fundraising cryptocurrency campaign to impeach the current president of the United States, Donald Trump, and remove him from office. Escobar Launching Ethereum-Powered Stablecoin Per sources close to the matter, Roberto de Jesús Escobar Gaviria, a…

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Japanese Regulators Grant Coincheck Cryptocurrency Exchange Full License

Category: Altcoins, Bitcoin, Business, Exchange, Finance, News, Regulation

Japanese Regulators Grant Coincheck Cryptocurrency Exchange Full License

According to a PDF document released on January 11, 2019, the Japanese Financial Services Agency (FSA) has fully licensed the Coincheck cryptocurrency exchange after the firm reportedly met all its standards. The Storm Is over Coincheck, reportedly known as the most popular virtual currency exchange in Japan before its hack in January 2018, has registered with the Kanto Financial Bureau…

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Canadian Electoral Body Is Looking into Cryptocurrency Donations

Category: Altcoins, Bitcoin, Development, Finance, News, Regulation

Canadian Electoral Body Is Looking into Cryptocurrency Donations

On January 9, 2019, it was reported that the Canadian Electoral Body, Elections Canada, has published a draft document detailing the procedure for the acceptance of cryptocurrency donations as well as seeking the input of various parties regarding the handling such donations. One of the trickiest aspects of cryptocurrency and government is the issue of political donations. In Taiwan, for…

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Rep Soto: Cryptocurrency Regulation Belongs to the CFTC not the SEC

Category: Altcoins, Bitcoin, Finance, News, Regulation

Rep Soto: Cryptocurrency Regulation Belongs to the CFTC not the SEC

United States Congressman, Darren Soto (D-Fla) has reportedly said that the issue of crypto regulation should be left to the jurisdiction of the U.S Commodity Futures Trading Commission, rather than the almighty Securities and Exchange Commission (SEC), reported Cheddar on January 10, 2019. The CFTC Should Regulate Cryptocurrencies While the SEC has been actively overseeing the U.S. cryptocurrency space, hunting down…

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