TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Cryptocurrency will be accepted as payment for tax in Switzerland's Zug canton starting 2021
Known as Switzerland's Crypto Valley, the canton of Zug plans to accept Bitcoin and Ether as tas payment next year.
· Regulation
- Cryptocurrency scammers hack into Indian Prime Minister’s Twitter account
Hackers hijacked PM Modi's Twitter account and used it to ask for BTC and ETH.
· Technology
- Ethereum (ETH) miners’ August profits soar to a new record at $113M
Ethereum miners made a killing in August by posting a record-breaking $113 million in profits.
· Business
- Cryptomining hardware maker Canaan reports increased revenue and reduced losses for Q2
With rising revenue, Canaan was able to reduce operating losses for the second quarter of 2020.
· Business
- Bitcoin ETP listed in leading stock exchanges in Switzerland, Germany, and Austria
Investors can now trade in Bitcoin ETP via stock exchanges in Germany, Switzerland, and Austria.
· Investing
- Revolut US clients can now trade in Bitcoin Cash and Litecoin
Revolut's U.S. crypto exchange expands its roster of tradable cryptocurrencies.
· Business
- New malware can steal cryptocurrency wallet IDs and credit card info
Anubis is a new malware that could steal sensitive data such as crypto wallets.
· Technology
- Tether briefly ousts XRP as third-largest cryptocurrency by market capitalization
Tether briefly surpassed XRP's market cap becoming the third-largest cryptocurrency by market capitalization.
· Investing
- Venezuela ranks third in cryptocurrency usage worldwide
Venezuelans use cryptocurrency to preserve their wealth amidst hyperinflation.
· Technology
- US Justice Department goes after cryptocurrency stolen by North Korean hackers
The DOJ has filed a civil forfeiture complaint to recover stolen cryptocurrency.
· Regulation
- Bank of Korea seeks a partner for the second phase of its CBDC project
Bank of Korea wants to enter into a consulting partnership with a private firm for its cryptocurrency project.
· Technology
- Russia blocks crypto site Bestchange.ru for the third time
Russian authorities blocked the domain of a popular site that contained information about Bitcoin.
· Regulation
- Polkadot (DOT) could become third-largest cryptocurrency by market cap in a year
An Asian-based cryptocurrency fund believes that DOT has what it takes to soar and become one of the top three tokens.
· Investing
- Crypto exchange FTX expands into retail with acquisition of Blockfolio
FTX and Blockfolio are developing an app for cryptocurrency trading that will be targeting retail investors.
· Business
- Brazil’s cryptocurrency firms target a $100B market by the end of 2020
Brazil's crypto market has posted double-digit growth in the last three years.
· Regulation
- South Korea’s third-largest cryptocurrency exchange raided for wash trading
South Korean authorities seize Coinbit's headquarters as the exchange is investigated for wash trading.
· Regulation
- More than 1000 users affected in a cryptocurrency tax reporting service hack
A hacker is selling customer data obtained by hacking an online crypto tax service.
· Technology
- UK-based cryptocurrency firms might be required to submit annual financial crime reports
The FCA released a proposal to include more firms in the annual financial crimes reporting.
· Regulation
- Ontario residents won't be able to access cryptocurrency derivatives platform Bitmex starting September
The Ontario Securities Commission mandated Bitmex said that Bitmex is not registered or recognized in Ontario.
· Regulation
- IMF’s cryptocurrency explainer video goes viral
IMF recently released a two-minute video explaining cryptocurrency.
· Technology
- Japan’s Finance Minister suggests employing blockchain technology for Covid-19 contact tracing
Japan's Finance Ministry is urging for the use of blockchain in the country's efforts against the spread of the coronavirus.
· Technology
- 1,100 unlicensed Bitcoin (BTC) mining farms shut down in Iran
Iran shut down more than a thousand unlicensed crypto firms that were identified with the help of whistleblowers.
· Regulation
- Former RBI governor expresses views on the future of Bitcoin and Libra
A former RBI governor believes that Bitcoin and Libra have their respective roles to play in the future of finance.
· Business
- $50B worth of cryptocurrency exits China as investors worry about the country’s economy
Blockchain forensics firm Chainalysis revealed that $50 billion in cryptocurrency was moved out of China in the past 12 months.
· Investing
- Canada-based restaurant chain converts reserve fiat to Bitcoin (BTC)
A Canadian restaurant chain owner believes that holding Bitcoin (BTC) is a better alternative compared to saving cash.
· Business
- South Africa’s FSCA investigates cryptocurrency investment firm Mirror Trading International
South Africa's financial regulator starts investigations into cryptocurrency firm MTI for operating without the proper license requirements.
· Regulation
- Cryptojacking malware that installs XMR cryptocurrency mining app discored
FritzFrog is a cryptojacking malware that installs XMRig, a cryptocurrency mining app that mines Monero (XRM).
· Technology
- Bitcoin mining industry in China hardest hit in 2020
During the first half of 2020, China's cryptocurrency mining industry has been impacted by a number of factors.
· Business
- Jeju Island tourists are now required to use a blockchain-based contact tracing app
South Korea's Jeju Island is harnessing blockchain technology in its fight against the coronavirus.
· Technology
- Cryptocurrency gaming portal Bitcoin Games launches promotion with a prize pool of $2M
Bitcoin Games' $2 million prize pool is one of the biggest in the world of online casinos.
· Business
- Most Bitcoin (BTC) investors bullish but would HODL even if cryptocurrency’s prices falls to zero, says survey
Seventy percent of the respondents of a recent survey said that they won't sell their Bitcoin even if it reaches $0.
· Investing
- Cryptocurrency investors can now trade in Grayscale’s Litecoin Trust and Bitcoin Cash Trust
Grayscale's Bitcoin Cash Trust and Litecoin Trust received DTC eligibility.
· Investing
- Cryptocurrency and stock trading app Robinhood valuation rose to $11.2B in a recent funding round
Robinhood added $2.6 billion to its valuation in just one month.
· Investing
- 3 South African firms accused of running fraudulent cryptocurrency credit card scheme
Alabama and Texas issued cease and desist order to three South African companies suspected of running a cryptocurrency card scam.
· Regulation
- China tests digital yuan CBDC in Beijing, Hong Kong, and other major cities
China is pushing ahead with its central bank digital currency program, which is currently being testing in major cities.
· Technology
- Bulgarian police arrest 2 Bitcoin miners for stealing $1.5M worth of electricity
Two cryptocurrency miners were arrested by Bulgarian authorities for illegally siphoning electricity to their mining farms.
· Regulation
- Bitcoin (BTC) market cap bigger than Bank of America and could surpass gold by 2029
Bitcoin's market capitalization is bigger than the valuations of some well-known international brands such as Pepsi, Coca-Cola and Netflix.
· Investing
- Asian blockchain adoption surges as companies digitize their operations due to the coronavirus pandemic
The global blockchain industry is projected to grow to $15.88 billion by 2023.
· Technology
- Investors should rebalance portfolios to include Bitcoin, other cryptocurrencies, says George Ball
The former chief executive officer of Prudential Financial and current CEO of investment firm Sanders Morris Harris predict a surge in Bitcoin buying up ahead.
· Investing
- Grayscale cryptocurrency funds rake in $217M investments in one week
Grayscale's recently launched cryptocurrency TV ad campaign is a huge success.
· Investing