TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- El Salvador won’t impose capital gains tax on Bitcoin (BTC) earnings
El Salvador is determined to become one of the crypto havens with its perks targeting crypto businesses and entrepreneurs.
· Regulation
- Cross trading between crypto exchanges to be banned in South Korea
The move to ban cross trading is part of a raft of amendments to the Act on the Reporting and Use of Certain Financial Transaction Information.
· Regulation
- SkyBridge Capital sticking to Bitcoin (BTC) and crypto
Fiat alternatives such as Bitcoin (BTC), gold, and other cryptos are likely to remain resilient during the FED tapering.
· Insights & Views
- 22% of Australians believe crypto is the easier way to save up for a mortgage deposit
One in five of the survey participants of a recent survey says that crypto is the new key to homeownership.
· Insights & Views
- FCA extends crypto firms’ registration deadline
The FCA extended the deadline for the Temporary Registrations Regime (TRR) giving crypto firms more time to comply with requirements.
· Regulation
- Square Inc. and Blockstream to build a solar-powered Bitcoin mining facility
The companies plan to show that a renewable mining facility in the real world is not only possible but also prove empirically that Bitcoin accelerates the world toward a sustainable future.
· Technology
- Anonymous warns Elon Musk over his disregard for retail investors
The hacking group Anonymous pointed out the billionaire’s cavalier attitude towards retail investors.
· Insights & Views
- South Korean crypto exchanges met with the Financial Services Commission in a closed-door meeting
Twenty crypto platforms had the chance to air their grievances with the government in the meeting held on Thursday, June 3.
· Regulation
- Ethereum (ETH)-backed loans now being offered by Anchorage Digital Bank to institutional clients
The San Francisco, California-based crypto custody bank recently announced that it is now offering loans to institutional clients back by Ethereum (ETH).
· Business
- Philippine’s GCash mulls adding crypto support to its app
GCash is considering allowing its uses to buy, sell, and store crypto using the mobile wallet.
· Business
- Bitcoin (BTC) drops after Musk hints distancing from crypto in a tweet
Just as Bitcoin appeared to have rebounded, BTC’s price slid by around 5 percent on Friday, a movement that many believe is once again linked to Elon Musk’s social media activities.
· Insights & Views
- Standard Chartered partners with BC Technology Group to launch a crypto exchange and brokerage in Europe
The bank plans to launch the new crypto service for the European market in the fourth quarter of 2021.
· Business
- Miami mayor bought Bitcoin (BTC) and Ether (ETH as inflationary hedge but hasn’t bought the dip during recent pullback
Francis Suarez bought BTC and ETH the day that the Senate passed the $1.9 trillion dollar stimulus bill as he felt that at that point that inflation was inevitable.
· Insights & Views
- Brian Kelly says Bitcoin’s (BTC) price is bottoming out and crypto is currently mispriced
The asset manager said that when bitcoin gets that mispriced, it is the sign of that bottoming process.
· Insights & Views
- Crypto exchange Kraken launches mobile app in the U.S.
Kraken announced that starting Wednesday, anyone across the U.S. can buy or sell more than 50 different cryptocurrencies directly from their mobile phones.
· Business
- BNY Mellon sets up a crypto hub in Dublin
Through its new hub, the bank plans to allow clients to hold, transfer and issue digital assets.
· Business
- Bitcoin (BTC) could soon enter bullish territory as on-chain indicators suggest selloff is ending
BTC’s price sell-off appears to be losing steam as suggested by on-chain indicators.
· Insights & Views
- Coinbase’s crypto debit card can now be used with Apple Pay and Google Pay
Using the Coinbase Card with Apple Pay or Google Pay lets users earn back 4 percent in Stellar Lumens or 1 percent in Bitcoin.
· Business
- More financial advisers recommending crypto to their clients
The 2021 Trends in Investing Survey noted that while advisers remain cautious on digital assets, or cryptocurrencies, it seems that they may be shifting to embracing them due to client demand.
· Insights & Views
- Daymark accepts Bitcoin (BTC), Ether (ETH), other cryptos for preorders of a car that can mine cryptos while parked
The car can be charged using solar energy making it an emission-free vehicle and, with the Nebula infrastructure in place, the Spiritus is basically an “environmentally-friendly crypto miner node."
· Technology
- 4 firms list their Bitcoin (BTC) and Ether (ETH) ETPs on Paris and Amsterdam bourses
Investment firms 21Sharers, VanEck, WisdomTree, and the ETC Group listed their Bitcoin (BTC) and Ether (ETH) ETPs on Tuesday, June 1, on the Euronext stock exchanges in Paris and Amsterdam.
· Business
- Argentinian Bitcoin miners raking in more profits thanks government-subsidized electricity
Bitcoin miners are taking advantage of Argentina’s cheap government-subsidized residential power rates, a move aimed at gaining political points with voters.
· Business
- Home-based crypto mining is booming in Brazil
Brazilians have found an alternative source of income in crypto mining amidst the rising unemployment in the country due to the coronavirus pandemic.
· Technology
- Reserve Bank of India tells banks to stop quoting the 2018 crypto circular
The central bank explained that with the country’s Supreme Court decision last year, the circular is no longer valid.
· Regulation
- Crypto derivatives exchange Bybit receives warning from Japanese regulator
The Financial Services Agency issued a formal warning letter to Bybit Fintech Limited claiming that the crypto derivatives exchange’s operators are allowing Japanese citizens to leverage the platform and that Bybit ha…
· Regulation
- South Korean government delegates crypto market oversight to FSS
In an announcement on Friday, the task of overseeing the crypto market was finally delegated to the Financial Supervisory Services, the country’s financial regulator.
· Regulation
- 3 U.S. banks reveal their policies on cryptocurrency
The Senate banking committee, which is headed by Senator Sherrod Brown, the CEOs of Bank of America, Citigroup, and Wells Fargo for its annual oversight on Wall Street firms.
· Regulation
- Central Bank of Sweden enters next phase of its CBDC e-krona pilot
The bank has invited two participants from the country’s financial sectors, which signals the transition from in-house testing to cooperation with external partners.
· Regulation
- NatWest issues crypto scam alert after receiving a record number of reports in the Q1 of 2021
NatWest warned that "if you ignore the above advice, you could lose all of your money."
· Investing
- Bitcoin (BTC) adoption could cause society to ‘shrink and self-explode,’ warns Chinese economist
A Chinese critic set himself apart by painting the gloomiest picture yet by stating that “We’re all going to die” and the society could “shrink and self-explode” once the crypto becomes widely used.
· Insights & Views
- Algocap.io becomes first NY brokerage to accept Bitcoin (BTC), Ether (ETH), and DOGE for real estate transactions
New York real estate buyers and sellers now have the option to use Bitcoin (BTC), Ether (ETH), and DOGE for their transactions.
· Business
- Tom Brady reveals he invested in crypto and believes it’s here to stay
Aside from investing in crypto, Brady also launched Autograph, a non-fungible token (NFT) platform last month.
· Insights & Views
- U.S. chain Sheetz to accept Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE) as payment by late summer
Sheetz will accept cryptocurrency payments at select Sheetz Cafe Stores later this summer but the company plans to roll out the payment option later this year at Sheetz's fuel pumps.
· Business
- Ether (ETH) to rise a lot higher in a year or so as DeFi picks up, says Bianco
Bianco is betting that Ether (ETH) will ultimately benefit from the decentralized finance movement regardless of the high volatility of the crypto's price at the moment.
· Insights & Views
- Crypto can be ignored but not big tech, says Denmark’s central bank
Lars Rohde, governor of the country’s central bank Danmarks Nationalbank, does not see crypto as an economic threat but is more concerned if big tech's entry into payments, which could erode the central bank's autonomy.
· Regulation
- What China’s crypto crackdown could mean to its crypto mining industry, according to a mining exec
The mining exec concluded that Bitcoin mining operations will continue to exist in China but large miners will likely be out of the picture and be replaced by home, small or medium-sized mining operations.
· Regulation
- Bank of Canada sees no need to issue a central bank digital currency at the moment
However, the Bank of Canada is still forging ahead with the development process on a digital currency, should the need arise to release such a financial tool to the public.
· Regulation
- Hong Kong’s FSTB explains why restricting crypto trading to those with $1M portfolios is good for the industry
FSTB's Christopher Hui said imposing mandatory requirements could protect investors, prevent market manipulation, and facilitate the crypto industry's development.
· Regulation
- Leveraged crypto trading a threat to the banking system, says Bank of Korea
Bank of Korea Gov. Lee Ju-yeol is concerned that the volatility of crypto prices could damage the finances of South Korean individuals who are engaged in trading at leverage.
· Regulation
- Carl Icahn teases crypto investment of around $1.5B
Carl Icahn believes that crypto is here to stay but most digital currencies today will not survive.
· Insights & Views