TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Bitcoin (BTC) will replace gold as safe haven, says Devere CEO
With the younger generation more comfortable using cryptocurrencies, the Devere Group CEO believes that it's only a matter of time that BTC will replace gold.
· Insights & Views
- New Zealand’s tax agency wants crypto firms to hand over client data
The Inland Revenue Department has requested cryptocurrency firms to hand over the personal data of their clients.
· Regulation
- Grayscale’s BTC holdings account for 2.4% of the total Bitcoin supply
Grayscale recently a massive Bitcoin purchase worth $180 million.
· Business
- Investors’ portfolios should have between 1% and 3% in Bitcoin (BTC), says Novogratz
Galaxy CEO is bullish on Bitcoin and gold but believes that BTC could rise up to 5X in just two years.
· Insights & Views
- Russia proposes fines of up to 30% of unreported cryptocurrency holdings
Russian is planning to impose tougher measures on those who fail to comply with cryptocurrency reporting requirements.
· Regulation
- Number of cryptocurrency users increase by 189% to 101M in 2 years
Despite the market's volatility, the number of crypto users increased by almost 200 percent in just two years.
· Insights & Views
- European Commission unveils proposed EU cryptocurrency regulation
Europe will soon have a unified set of rules governing the cryptocurrency sector.
· Regulation
- Nasdaq and Hashdex’s new cryptocurrency ETF will be traded in the Bermuda Stock Exchange
The upcoming cryptocurrency exchange-traded fund by Nasdaq and Hashdex will not be available to American investors.
· Investing
- Venezuela regulates cryptocurrency mining and creates a national mining pool
Cryptocurrency mining is now legal in Venezuela.
· Regulation
- Cryptocurrency beats gold, becomes the best-performing asset in 2020
The cryptocurrency market has outperformed gold so far in 2020.
· Investing
- Institutional investors to‘dramatically’ increase their cryptocurrency holdings in the next 5 years, says survey
A survey reveals that a number of factors will likely convince institutions to place more funds into cryptocurrency.
· Investing
- South Korean gaming regulator GRAC postpones rating for the blockchain-based game ‘Five Stars’
GRAC has postponed the issuance of its rating for the non-fungible token-based game 'Five Stars.'
· Regulation
- Cryptocurrency analyst says Bitcoin supply decreasing as 1,500 BTC lost daily
While crypto mining brings in around 900 BTC daily, the fresh supply can't keep up with the daily loss of around 1,500 tokens.
· Insights & Views
- Worldwide Bitcoin ATM count exceeds 10,000
The number of cryptocurrency ATMs has now breached the 10,000 mark
· Technology
- Bitcoin (BTC) miners given access to electricity from three plants in Iran
State power utility firm Thermal Power Plant Holding Company (TPPH) will allow crypto miners to tap into electricity produced from three power plants for their mining activities.
· Regulation
- Gibraltar updates its regulations governing DLT firms
The Gibraltar Financial Servic3es Commission issued new guidance for DLT firms.
· Regulation
- Norway’s sovereign fund indirectly owns 557.6 BTC via its investment in a business intelligence firm
The world's largest sovereign fund indirectly owns some cryptocurrency.
· Investing
- Next Bitcoin bull run won’t be derailed by BTC miners selloff
While BTC miners selling their holdings might have contributed to the current crypto market slump, they won't be able to stop the next bull run of the cryptocurrency.
· Insights & Views
- 49 U.S. States agree to have one regulatory framework for cryptocurrency firms
The Conference of State Bank Supervisors (CSBS) just launched a new regulatory framework that would govern cryptocurrency and payments companies
· Regulation
- Cryptocurrency exchange Kraken receives U.S. banking license becoming the world’s first SPDI
Kraken Financial becomes the first Special Purpose Depository Institution in the world.
· Regulation
- Two Russians who stole $16M cryptocurrency via phishing charged by the DOJ
The U.S. Department of Justice has filed charges against two Russian nationals who stole $16.8 million of cryptocurrency by phishing.
· Regulation
- Paxful Venezuelan clients given a month to withdraw funds as P2P crypto exchange shuts down operations
Paxful shuts down its operations in Venezuela citing U.S. sanctions.
· Business
- India plans on banning cryptocurrency trading, says report
A new report claims that India might be about to impose a ban on crypto trading.
· Regulation
- Nigeria’s SEC starts regulating its cryptocurrency industry
Firms engaged in ICOs, as well as those offering crypto and blockchain-related services, are now required to register with Nigeria's SEC.
· Regulation
- IRS looking for software that can help it track privacy-focused cryptocurrency transactions
The IRS is upgrading its capability to trace crypto transactions.
· Technology
- Paypal is restricting payments to merchants selling tardigrade-related items
Some merchants are complaining that Paypal is restricting payments to its tardigrade-themed items.
· Business
- SEC files charges against rapper T.I. for promoting fraudulent cryptocurrency offerings
Music artist T.I. is facing charges from the SEC and fined $75,000 for his involvement with fraudulent ICO offerings.
· Regulation
- Coinbase complains of Apple’s restriction on cryptocurrency and DeFi features of the crypto exchange’s app
Coinbase failed to reach an agreement with Apple over the latter's censorship on some features of the crypto exchange's app.
· Business
- Strategist recommends Bitcoin (BTC) for ‘adventurous’ investors
Investors are scouting for alternative investment options as central banks' money printing activities could hurt stocks.
· Insights & Views
- Criminals still prefer cash over cryptocurrency when laundering money, says SWIFT report
When it comes to money laundering, cash is still the preferred asset of choice by criminals.
· Regulation
- U.K. crypto-friendly startup Revolut expands to Japan amidst growing demand for online services
Revolut just launched its banking app in Japan, its first expansion into a non-English speaking market.
· Business
- Blockchain-based remittance service finally arrives in Bangladesh
Bangladeshi expats in Malaysia will soon be able to send remittances back to their home country via Standard Chartered Bank's new blockchain remittance service.
· Business
- Hackers stole BTC, ETH, XRP, ALGO, TRON, Tezos worth $5.4 million from the Slovak crypto exchange Eterbase
Hackers were able to breach Eterbase's online security and stole $5.4 million worth of various cryptocurrencies from the platform's hot wallets.
· Technology
- Cryptocurrency now accepted when paying for orders in over 15,000 restaurants in France
Just Eat France is now accepting cryptocurrency payments.
· Business
- Cryptocurrency traded volume rose by 58.3% in top tier crypto exchanges
Cryptocurrency trading volume in August significantly increased for both high-tier and low-tier crypto exchanges.
· Business
- Ransomware hackers demand $4M in Bitcoin from Argentina
A ransomware attack crippled Argentina's immigration agency for hours.
· Technology
- South Koreans discouraged from attending cryptocurrency investment briefings
Attending face-to-face crypto investment briefings could expose citizens to fraud risks as well as the of becoming infected with Covid-19.
· Regulation
- Russian launch of Binance Card to push through despite the upcoming ban on cryptocurrency payments
Binance will still push through with the launching its crypto debit card in Russia.
· Business
- Bitcoin (BTC) beats gold as a reserve asset, says strategist
Bitcoin (BTC) is now viewed as a better reserve asset and store of value compared to gold by some investors.
· Insights & Views
- South Korea’s largest cryptocurrency exchange raided by the police
Authorities raided Bihumb as part of its ongoing investigations in connection with the BXA token sale.
· Regulation