Exclusive Articles - Cryptonews (Page 208)

SBI Group Invests in Rival Japanese Exchange

Financial giant SBI Group has made a second investment in LastRoots, a Tokyo-based exchange established in 2016. The undisclosed investment, made through financial subsidy SBI Holdings, is the group’s second within the space of a year, and comes just a month after the launch of the...

, by Tim Alper

Indian Exchanges Struggle for Survival Following Ban

Popular Indian exchanges such as Zebpay, Unocoin, WazirX, and Koinex have now shifted their business models to become crypto-to-crypto exchanges, competing directly against international giants like Binance.The problem with this model is that it largely only serves the needs of existing...

, by Fredrik Vold

Japan Unveils “Simplified” Crypto Tax System

Japan’s National Tax Agency (NTA) has unveiled plans to change the way cryptocurrency investors pay tax on their earnings – and claims “simplification” is the guiding principle behind its reforms.The changes had been mooted for some time, and the country’s finance...

, by Tim Alper

Another Giant Stock Exchange Goes Crypto

Boerse Stuttgart Group, the operator of Germany’s second largest stock exchange, announced that they are creating an “end-to-end infrastructure for digital assets.”The new infrastructure will consist of a platform for initial coin offerings (ICOs), a trading venue, as well as...

, by Fredrik Vold

Self-Regulation of Crypto Gets One Step Closer

Four US-based crypto exchanges have announced that they are setting up the precursor to what they hope will become a self-regulatory organization for “virtual commodities.”The aim of the group, dubbed “Virtual Commodity Association Working Group,” is reportedly to help...

, by Fredrik Vold

Banking Giant Prepares for Crypto Mass Adoption

One of the largest banks in the United States, Bank of America (BofA), has applied for a blockchain patent for the secure storage of cryptocurrency. This patent application now joins almost 50 others filed by the bank in relation to blockchain and cryptocurrencies - reportedly the most among all...

, by Sead Fadilpašić

Russia May Seek to Cap Crypto Investments

The Russian government has confirmed claims made earlier this week by the central bank that the forthcoming autumnal session of the State Duma will hold a second reading for the country’s long-awaited cryptocurrency legislation.However, politicians also confirmed that the bills have been...

, by Tim Alper

This Theme Park Claims ‘It’s First to Accept Crypto Pay’

A South Korean theme park claims it has become the first business of its kind in the world to accept on-the-door payment in cryptocurrency.Chungju Light World, which claims to be the world’s largest permanent light theme park, has stated it will begin accepting Bitcoin for ticket purchases at...

, by Tim Alper

Coinbase Fails to Predict Demand from Large Investors

The popular US-based fiat-to-crypto exchange Coinbase has decided to shut down its still relatively new Coinbase Index Fund, citing lower-than-expected demand from retail, accredited and institutional investors.The index fund, which is a weighted basket of digital assets listed on the Coinbase...

, by Fredrik Vold

Major Exchanges Expanding to US, Singapore Markets

Competition in the cryptocurrency exchange market is heating up. After major US based exchange and wallet Coinbase received USD 300 million injection for its global expansion, another giant is reportedly preparing to enter the US.South Korean cryptocurrency exchange Bithumb is reportedly set to...

, by Tim Alper

Investor: Bloodbath is Necessary Before Bear Market Bottom

“Things will get much worse before they get better,” warns investor Anthony Pompliano, adding that many initial coin offerings (ICOs) will sink in the face of US Securities and Exchange Commission (SEC) regulations, as well as the plummeting prices. However, he believes that this...

, by Sead Fadilpašić

Crypto Industry Watch: Three Good News vs. Two Bad Ones

Coinbase Launches OTC Trading Big Banks Join Blockchain Initiative Amazon Reveals New Blockchain Services Novogratz’s Trading Desk Loses USD 136 million Steemit Announces Lay-OffsWith the crypto market seemingly in a bipolar state of mind, getting crushed one day and then surging the...

, by Fredrik Vold

Iran Gov’t OKs Mining as Crypto Love-in Intensifies

An Iranian news agency claims that the country has given the green light to cryptocurrency mining, with more crypto-friendly measures and legislation to follow.IBENA, which claims to be affiliated with the central bank, reported on September 4 that the bank and five major ministries have reached an...

, by Tim Alper

Entrepreneurs Cry out for Crypto Regulation

More and more crypto entrepreneurs are coming to the conclusion that the crypto market must become a regulated asset class before institutions like pension funds, traditional asset managers, and Wall Street investors, will make serious moves into the market.For example, speaking with Reuters in an...

, by Fredrik Vold

Major Exchanges Look to Reignite S Korean Crypto Market

South Korean cryptocurrency exchanges appear to be cautiously returning their focus to domestic customers – with major platforms looking to bolster their security networks and begin large-scale marketing activities for the first time since the government was poised to shut them down.This...

, by Tim Alper

How “Goldman Sachs for Crypto” Performs on Stock Exchange?

Galaxy Digital, the merchant bank dedicated to digital assets that was founded by former Wall Street banker Mike Novogratz earlier this year, had a bumpy first month on a stock exchange. The company was listed on the TSX Venture Exchange in Toronto, Canada, on August 1 this year, making it one of...

, by Fredrik Vold

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