Monthly Archives: May 2018

Robinhood App Expands Cryptocurrency Trading to Two More US States

Almost three months after starting to roll out cryptocurrency trading, Robinhood has expanded the service to another two more American localities. This means that residents of eight US states in total now have access to Robinhood Crypto. Also Read: This Week in Bitcoin: Bacon War, Mining Trucks and Coinbase Salutes Regulator Robinhood Crypto Reaches Eight Million More Americans Robinhood Financial LLC, the Palo Alto-headquartered US stocks brokerage app, has announced that it added another two locations where cryptocurrency trading is now supported for its clients. The company […]

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Azerbaijan’s Taxes Ministry Says Crypto Revenue Is Subject To Taxation

A representative from Azerbaijan’s Taxes Ministry has announced that revenue from cryptocurrency trading will be subject to taxation. Revenue from crypto-to-fiat transactions will be subject to taxation in Azerbaijan, local news outlet Trend reported Saturday, May 5. Nijat Imanov of the country’s Taxes Ministry outlined the new measures during the second Finance and Investment Forum (FIF 2018) in Baku Saturday. During the Forum, Imanov stated: “This is formalized as a profit tax for legal entities and income tax for individuals. If someone bought a cryptocurrency and then […]

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Israeli Bitcoin Mining Company Sues Bank for Closing Its Account

Despite already setting a precedent in a previous case, the Israeli courts system is again called upon to stop a bank from shutting down a crypto business. This time, Union Bank tried to refuse operating an account to a mining firm – a service all companies need to legally operate in the country.  Also Read: This Week in Bitcoin: Bacon War, Mining Trucks and Coinbase Salutes Regulator Israminers vs. Union Bank Union Bank of Israel, Ltd. (TLV: UNON), the sixth largest Israeli bank, has been slapped with […]

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Crypto-Backed Fiat Currencies: Sci Fi or Missing Link? Expert Take

One asset class that central banks are yet to add to their portfolios is cryptocurrencies. In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to george@cointelegraph.com Since 1971 and the end of the gold standard, fiat […]

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Ethereum as a Security, ICO Market Reopening in South Korea and Rat Poison: Hodler’s Digest, Apr 30-May 6

This week saw rather childish name calling against cryptocurrencies by some of the world’s richest people, but also adoption by some of the world’s largest banks. Top Stories this week Ethereum—Security Or Not? In what could be some earth shattering news for Ethereum – the world’s second largest cryptocurrency – US regulators will apparently be discussing whether or not it should be classified as security next week on May 7. If yes—it should have registered with the SEC back in 2014. South Korea Considers Reopening ICO Market […]

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New Head Of South Korean Financial Regulator Notes ‘Positive Aspects’ Of Crypto

The newly appointed head of one of South Korea’s financial regulators said in a press conference today that there are “a lot of issues” with current crypto regulations. The newly appointed governor of South Korea’s Financial Supervisory Service (FSS) said that he sees “some positive aspects” to cryptocurrencies in a press conference today, May 6. The governor also said the FSS will be working on crypto regulatory “issues” in collaboration with other regulators, local news outlet The Korea Times reports. Yoon Suk-heun, who will officially begin work […]

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Bitcoin Adoption Continues: Parking Lots, Supplies Store, Courses, Boutique Hotel

Bitcoin adoption continues to grow rapidly worldwide. This adoption roundup features four merchants that recently started accepting the digital currency – a boutique hotel in Spain, parking lots, an electrical supply store, and online courses in Japan. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Parking Lots Park Realty Co. Ltd., which provides a parking lot sharing serving called QRpark, announced last week that it has started accepting bitcoin payments. “It is the service to convert the industry’s first monthly parking lot into a temporary parking […]

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Wall Street-Turned-Crypto Exec Novogratz Says ‘Enough Already’ To BCH-Promoting Tweet

Ex-hedge fund manager Mike Novogratz weighs in on the BTC/BCH debate, making it clear he thinks BTC is the true Bitcoin. Former Wall Street executive Michael Novogratz weighed in on the Bitcoin (BTC) vs Bitcoin Cash (BCH) debate in a tweet Saturday, May 5. Novogratz defended BTC’s status as the original cryptocurrency referred to in Satoshi Nakamoto’s 2008 whitepaper, and the true holder of the ‘Bitcoin’ brand. Enough already. Bitcoin core is BTC. It is a store of value. It is digital gold. It’s market cap dwarfs […]

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Ripple Sued for Alleged Violations of US Securities Laws

A class action lawsuit has been filed against Ripple Labs, its CEO, and subsidiary. The plaintiff alleges that the defendants have violated the state and federal securities laws, engaging in schemes to raise hundreds of millions of dollars through the sale of unregistered ripple tokens (XRP). Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Class Action Lawsuit San Diego resident Ryan Coffey has filed a “securities class action” lawsuit against Ripple Labs Inc, its CEO Bradley Garlinghouse, its wholly owned subsidiary XRP II LLC, and ten related […]

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JP Morgan Chase Eats Humble Pie, Applies for Blockchain Patent

U.S. Patent and Trademark Office revealed this week JP Morgan Chase applied for a patent related to blockchain back in October of last year. It’s quite the turnaround for the bank, which has been on record as one of bitcoin’s and cryptocurrency’s biggest critics. Also read: Venezuela’s President Launches Crypto Funded Youth Bank, Encourages Mining Farms JP Morgan Swallows Hard, Attempts a Blockchain Patent Titled Systems and Methods for the Application of Distributed Ledgers for Network Payments as Financial Exchange Settlement and Reconciliation, the U.S. Patent and Trademark […]

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