TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Privacy won’t be an issue for future Diem users, says crypto's co-creator
The Facebook-backed crypto will be launched using a "phased approach."
· Business
- Crypto platform Binance appoints new head in China just as PBoC calls Bitcoin an alternative investment
Terence Zeng is now the new head of Binance's Greater China operations.
· Business
- Crypto owners should declare earnings or risk paying additional taxes, warns Norway’s tax agency
Norway imposes a 22 percent tax for crypto earnings.
· Regulation
- Australia’s securities regulator expresses support for the crypto industry and blockchain technology
ASIC commissioner Cathie Armour recently spoke about her office’s stance on crypto during the Australian Blockchain Week event held on April 22.
· Regulation
- New crypto regulatory framework being formulated by the Biden administration
Charlie Gasparino also revealed that the SEC will likely approve a Bitcoin ETF.
· Regulation
- Rising number of reported crypto fraud cases alarms South Korean authorities
Recent data from South Korea's Financial Supervisory Service (FSS) reveal that crypto fraud cases reported rose by 41.6 percent.
· Regulation
- Bitcoin (BTC) is better than gold as a store of value and it’s just starting to go mainstream, says Bill Miller
longtime value investor Bill Miller believes that there's potential for Bitcoin's to go higher considering that demand for the crypto outrips its supply.
· Insights & Views
- Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) can now be traded in Venmo
Venmo has launched its app's crypto trading feature that allows users to trade for as low as $1.
· Business
- Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Paxos (PAX) will be accepted as payment by WeWork
WeWork will not convert the cryptos it receives as payments but keep them in its balance sheets.
· Business
- Cuba is turning to crypto to help it deal with the economic crisis
Members of the 8th Congress of the Communist Party of Cuba (PCC) proposed to include crypto in the guidelines of the economic and social policy of the Party and the Revolution.
· Regulation
- American consumers want Bitcoin (BTC) and crypto-related services from their banks
Most banks and credit unions in the U.S. are not interested in offering Bitcoin and crypto investing services to their clients.
· Insights & Views
- Crypto trading volume on its South African platform dominated by young investors below the age of 29, says Luno
Luno revealed that transaction volume for the first three months of 2021 already surpassed the trading volume for the entire 2020.
· Business
- China shifts its tone on Bitcoin (BTC) and calls the crypto an investment alternative
Comments made by Li Bo, the deputy governor of the People’s Bank of China, seem to suggest that China is softening its stance on Bitcoin.
· Regulation
- Crypto and CBDC can co-exist as they serve different purposes, says Morgan Stanley
Morgan Stanley analysts believe that central bank digital currencies are not a threat to cryptos.
· Insights & Views
- Dallas Fed’s Kaplan praises Bitcoin (BTC) for its store of value but believes a CBDC might not necessarily function as one
A CBDC's price could dive if its underlying fiat currency devalues.
· Insights & Views
- IRS digs into crypto transactions of Circle and Poloniex clients from 2016 to 2020
With the John Doe summons, the IRS is sending a strong signal when it comes to enforcing tax laws on crypto transactions.
· Regulation
- Crypto users in Pakistan start online campaign to reinstate recently resigned pro-crypto government advisor
Crypto advocate Zia Ullah Bangash announced his resignation as a science and information technology advisor on Saturday.
· Regulation
- The U.S. should not ignore Bitcoin or it risks falling behind China, warns Republican House Leader
Congressman Kevin McCarthy warned that the U.S. will end up losing its future competitiveness to other countries in the rapidly growing crypto economy.
· Regulation
- Bitcoin could reach $150K by 2025 as the crypto market continues to grow, says StormGain CEO
Alexander Althausen noted that only 1 in 1,000 people own crypto at the moment.
· Insights & Views
- Ron Conway wants America to be the global leader of the crypto economy
The Silicon Valley investor expects the crypto economy to become the next multitrillion-dollar opportunity in innovation
· Insights & Views
- Bitcoin (BTC) and crypto payments will be banned in Turkey starting April 30
The Central Bank of the Republic of Turkey issued a new regulation banning the use of crypto as payment, which will take into effect on April 30, 2021.
· Regulation
- Crypto could become a great asset class, says BlackRock CEO
Larry Fink doesn't believe that crypto is a substitute for currencies.
· Insights & Views
- Cyworld wants its Ethereum-based Dotori crypto usable in games
Cyworld is in talks with game developers for Dotori's compatibility with their titles.
· Business
- Crypto scams and regulatory uncertainty slowing down adoption of digital currencies in Nigeria
Cryptotvplus founder and CEO Tony Emeka believes education can overcome hurdles that are slowing down crypto adoption in Nigeria.
· Insights & Views
- Banning crypto is a foolish thing to try to do, says SEC Commissioner
Hester Peirce likened banning crypto to shutting down the internet.
· Regulation
- Crypto investors files class-action suit against over alleged scam involving Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC)
Investors in an alleged crypto scam in Spain lost around 250 million euros in cryptocurrencies such as BTC, ETH, and LTC.
· Regulation
- Bitcoin’s (BTC) rally created the opportunity for a new breed of investors to create wealth
Investors were able to amass wealth thanks to the crypto market's rally.
· Insights & Views
- PayPal’s crypto service transaction volume could reach $200M in months as the adoption of BTC, ETH, and other digital currencies increases
PayPal CEO Dan Schulman expects the adoption of cryptocurrencies will create financial inclusion.
· Business
- Nvidia raises crypto mining GPU sales forecast for Q1 2022 to $150M
The GPU manufacturer tripled its sales forecast for crypto-mining graphics cards from $50 million to $150 million.
· Business
- Bitcoin (BTC) mining in North America is on the rise but challenging China’s dominance could take time
An expert said that the U.S. will likely account for 30 percent of the global Bitcoin hashrate in three years.
· Business
- Ethereum blockchain app developer Consensys raises $65M
Major financial firms such as JPMorgan, UBS, and Mastercard participated in Consensys' funding round.
· Business
- Bitcoin could continue to soar to $70K-$80K after BTC sets new ATH above $64K, says crypto analysts
Analysts predict that BTC could still rally to between $70K and $80K per coin.
· Insights & Views
- Venezuela seizes 76 Bitcoin (BTC) mining rigs due to transport documentation issues
Authorities seized the crypto mining hardware because the documentation did not “comply with the requirements for circulation, ownership, and operation of the bitcoin mining rigs."
· Regulation
- India crypto industry booming despite speculations of a ban
Demand for cryptocurrency has been on the rise since last year’s Indian Supreme Court’s decision to overturn the Reserve Bank of India’s crypto ban.
· Business
- Crackdown on Bitcoin (BTC) and other cryptos could happen, says Jesse Powell
The Kraken CEO warned that governments may start to clamp down on the use of Bitcoin and other cryptos.
· Insights & Views
- Thousands of crypto holders receive warning letters from Spain’s tax authority
The Spanish tax agency warned 14,800 crypto holders that they might be fined up to 5,000 euros for failure to disclose their crypto holdings in their tax filings.
· Regulation
- Time intends to hold the Bitcoin (BTC) it will receive as payment for producing a crypto video series
Grayscale will pay Time Magazine in Bitcoin (BTC) for the production of an educational video series on crypto assets.
· Business
- Microstrategy to pay Bitcoin (BTC) bonuses to non-employee directors instead of cash
The business intelligence firm will convert the dollar amount of the bonuses to BTC and send it to the directors' crypto wallets.
· Business
- Crypto investments pose ‘significant’ risks to investors, warns Central Bank of Sri Lanka
Sri Lanka's central bank warned the public of 'significant financial, operational, legal, customer protection and security-related risks posed by investments in VCs.'
· Regulation
- Solana (SOL) crypto up 100% in less than 1 month
The SOL crypto rose to $28.01 from just $13.97 in just 30 days.
· Business