Monthly Archives: June 2019

Brazil Requires Crypto Exchanges to Report on User Transactions to Authorities

Brazil’s federal revenue agency has released new rules requiring that crypto trading platforms report on all crypto transactions carried out within their system. The Department of Federal Revenue of Brazil (RFB) has released new rules requiring that cryptocurrency exchanges inform the regulator about users’ transactions in order to identify tax fraud, Cointelegraph Brazil reported on June 19. The guidelines clarify how cryptocurrency trading platforms in Brazil should adopt new rules to report about the movements of users’ crypto funds to the agency, and comply with the requirements […]

More info

Ethereum 2.0’s Phase Zero Scheduled to Launch on January 3, 2020: Devs

Ethereum’s first stage of transition from a PoW to a PoS consensus is planned to take place on Bitcoin’s 11th genesis block anniversary. The first stage of the Ethereum network’s transition to Ethereum 2.0 is expected to take place on January 3, 2020, as said in a bi-weekly call of Ethereum core developers on June 13. During the call, Ethereum researcher Justin Drake said that the dev team is working on code specifications for phase zero, confirming that codes are still expected to be released on June […]

More info

Consumer Affairs Report Shows 70% Spike in Japanese Crypto Inquiries

Japan’s Consumer Affairs Agency (CAA) has released its 2019 report and noted a significant spike in inquiries concerning cryptocurrency related issues last year. The report details a 70% increase in 2018 in regard to consumer queries largely stemming from exchange issues. Moreover, over the last two quarters of 2019, the Japanese yen paired with various cryptocurrencies like BCH and BTC has been climbing steadily, showing the country has a lot of demand for digital assets. Also read: Policymakers Meet to Finalize Global Crypto Guidance – A Look […]

More info

BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, XLM, ADA: Price Analysis 19/06

Facebook has launched its whitepaper. How can this affect cryptocurrencies in the short term? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Facebook released the white paper for its cryptocurrency project on June 18. The researchers at Binance research opine that Facebook’s Libra can boost cryptocurrency volume “due to […]

More info

Senate Banking Committee Sets Hearing on Facebook’s Crypto for July 16

The U.S. Senate will hear views and analysis on Facebook’s new cryptocurrency, Libra. The Banking Committee of the United States Senate will hear testimony on Facebook’s Libra cryptocurrency project on July 16, economic news site MarketWatch reports on June 19. The social media giant released the white paper for its Libra token yesterday.  The stablecoin, will operate on a native eponymous blockchain, and will be backed by a basket of reserve assets “designed to give it intrinsic value” and mitigate volatility fluctuations.   Following the release of […]

More info

Phillipine Government Tech Department Signs Deal With Blockchain Firm

The government of the Philippines is partnering with a blockchain firm to improve the country’s business and cybersecurity sectors. The Department of Information and Communications Technology (DICT) of the Philippine government has signed a Memorandum of Agreement (MoA) with U.S.-based blockchain firm Monsoon Blockchain Storage, according to a report by GMA News Online on June 19. The MoA reportedly stipulates that Monsoon is to act as a blockchain consultant and advisor to DICT, offering services such as cost-benefit and socio-economic analyses regarding blockchain solutions in the Philippines. […]

More info

KuCoin Lists Binance Coin, Supports Binance Chain Projects

Cryptocurrency exchange KuCoin announces trading pairs with Binance Coin, says it will support Binance Chain-based projects. Singapore-based cryptocurrency exchange KuCoin has announced that it is now listing the cryptocurrency Binance Coin (BNB) issued by the exchange Binance, according to a press release on June 19. KuCoin will reportedly offer BNB trading pairs with Bitcoin (BTC) and Tether (USDT). The announcement also notes that KuCoin will support projects based on Binance’s native blockchain, Binance Chain, in addition to its native coin BNB. The recent development shows that major […]

More info

Report: Facebook’s Calibra Digital Wallet Will Not Be Available in Its Largest Markets

A spokesperson for Calibra, Facebook’s new digital wallet, says it will not be available in U.S.-sanctioned countries, or those that have banned cryptocurrencies. Facebook’s Calibra digital wallet will not be available in some of the social network’s largest markets, including India, according to a TechCrunch report on June 19. A spokesperson told the website: “The libra blockchain will be global, but it will be up to custo dial wallet providers to determine where they will and will not operate. Calibra won’t be available in U.S.-sanctioned countries or countries that ban cryptocurrencies.” Estimates […]

More info

BNP Paribas Venture Arm Among Investors to Inject $16.5M in Fintech Firm Token

Token says it will use the investment to develop its operating system and “accelerate new ways of innovating payments with digital money and ID solutions.” Fintech firm Token has received a $16.5 million injection from investors including the venture arm of banking giant BNP Paribas, a news release announced on June 18. The self-described open banking platform says it will use the capital to further develop its TokenOSTM operating system — and “accelerate new ways of innovating payments with digital money and ID solutions.” According to the company, its ecosystem […]

More info

Russia Will Not Legalize Facebook’s Cryptocurrency, Official Says

The chairman of the Russian State Duma Committee on Financial Market said that Facebook’s forthcoming cryptocurrency Libra will not be legalized in Russia. Chairman of the Russian State Duma Committee on Financial Market Anatoly Aksakov has said that Facebook’s forthcoming cryptocurrency Libra will not be legalized in Russia, local news outlet TASS reported on June 18. Aksakov stated that Russia will not legalize the use of Facebook’s Libra cryptocurrency which the company intends to roll out in 2020, because it may pose a threat to the financial […]

More info
1 2 3 4