About Author:
1 Confirmation with Jeff and Dave
A graduate of English, I stumbled on cryptocurrency while trying to proofread an article for a friend back in 2011, and since then, I have been hooked! I play word games when I am less busy (I'm a pro by the way) and I am a tennis aficionado.
South Korea's National Assembly may grant a three-month extension for the enactment of its planned crypto tax policy following consultations with industry stakeholders. Several commentators within the country's cryptocurrency space still argue that levying taxes on virtual currency trading gains will likely stifle the growth of crypto commerce in the...
Andre Cronje, the developer of Yearn.finance has released a new decentralized finance (DeFi) protocol project called Deriswap. Deriswap to Offer Consolidated DeFi Functionality According to a Medium blog post on Monday (November 23, 2020), the new project will comprise three different segments. These include swaps, options, and loans, which will...
Global tech giant IBM has partnered with a German clothing manufacturing brand to employ blockchain technology for transparency and traceability in the fashion industry. Blockchain for Traceability in the Fashion Industry According to a press release on November 16, 2020, blockchain technology is being introduced to the fashion industry, through...
Belarusbank, a state-owned bank and the largest financial institution in the Republic of Belarus is the latest bank to delve into the world of cryptocurrency. Belarusian Banking Giant Floats Crypto Exchange Platform According to PrimePress on Thursday (November 12, 2020), Belarusbank, in collaboration with the crypto exchange platform White Bird,...
Following a massive hack that occurred back in September, cryptocurrency exchange KuCoin announced that it retrieved 84 percent of the funds stolen from the platform. KuCoin Making Progress in Recovering Stolen Funds from September Hack In a tweet on Wednesday (November 11, 2020), KuCoin CEO and co-founder Johnny Lyu revealed...
A top official of Norway’s central bank stated that while the country is investigating a possible central bank digital currency (CBDC), there was no “acute need” for a digital krone. Cash Usage Decline Prompts CBDC research Speaking at Norway’s Payment Conference, Ida Wolden Bache, the deputy governor of the Norges...
Following its recent adoption of cryptocurrency, PayPal recently gave details of its crypto and digital wallet plans for 2021, while also stating that central bank digital currencies (CBDCs) may take time, but they are here to stay. PayPal Sees Rise in Crypto Demand According to Fortune on Tuesday (November 3, 2020)...
FTX, a major Hong Kong-based cryptocurrency derivatives platform has announced plans to introduce tokenized stock trading, that will see users buy shares belonging to major companies such as Tesla, Amazon, and Apple. Tokenized Stock Trading Available on FTX Platform According to Bloomberg on October 29,2020, FTX is offering tokenized equities...
DBS Bank, Singapore’s largest banks and one of the biggest banks in Asia is reportedly planning to launch a cryptocurrency trading exchange that would see support for Bitcoin among other crypto tokens. Major Singapore Bank Floats Crypto Exchange According to details available in the cached webpage, following the deletion of...
LibertyX, the U.S.-based company that installed the country’s first Bitcoin ATM, has expanded its services to include the BTC sell feature across 5,000 ATMs in the United States. Bitcoin Selling Now Available at 5,000 ATMs LibertyX made the announcement via a press release published on Monday (October 26, 2020). According...
An official of People’s Bank of China (PBoC), China’s central bank, has stated that the digital currency electronic payment (DCEP) is not designed to challenge existing major mobile payment platforms in the country Digital Yuan Can Function With Private Payment Platforms According to a report by the South China Morning...
The Bitcoin (BTC) price is making a move towards the $13,000 price mark buoyed by the news of PayPal allowing crypto transactions on its platform. Bitcoin had been trading in a tight-range at the $11,540 region as downward pressure from multiple sell walls at $12,000 preventing the top-ranked crypto from...
Following the conclusion of China’s airdropped digital currency electronic payment (DCEP), the country’s central bank digital currency (CBDC), to Shenzhen residents, some of the recipients gave unimpressed reviews about the DCEP. Meanwhile, authorities stated that the airdrop campaign was a success. Digital Yuan Similar to Existing Payment Options According to...
Block.one, a software firm and EOS developer has added a new service that would make it easier for companies to adopt blockchain solutions for their business operations. Block.one’s New Enterprise DLT Products In a blog post on Thursday (October 15, 2020), Block.one announced the introduction of a new service called...
Cryptocurrency holders in Spain may soon be forced to report their crypto holdings, as the government is planning on drafting a regulation that would reportedly crackdown on crypto tax fraud. Spain Working on Combating Crypto Tax Fraud According to Reuters on Tuesday (October 13, 2020), a government spokeswoman Maria Jesus...
