Monthly Archives: January 2019

South Africa Wants to Mandate Registration of Crypto Service Providers

Regulation A regulatory working group in South Africa, which includes the country’s central bank, has released a consultation paper on crypto assets this week. According to the document, all exchanges, wallet providers, Bitcoin ATMs and payment processors will have to register with the government in 2019.  Also Read: Bitpay Reports Processing Over $1 Billion Transactions in 2018 Consultation Paper on Crypto Assets South Africa’s Financial Intelligence Centre (FIC), Financial Sector Conduct Authority (FSCA), National Treasury (NT), the South African Revenue Service (SARS), and the South African Reserve […]

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No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says

Economy & Regulation Last year’s falling prices are not a good enough reason to “bury” cryptocurrencies, Russian Prime Minister Dmitry Medvedev said during a high-level economic conference. He believes Russia should carefully follow the developments around digital coins.   Also read: Clickbait Media Uses Bitcoin and Russia to Pump Headlines Again Russia Should Watch Carefully Medvedev thinks the Russian Federation should watch the situation with cryptocurrencies, whose rates “showed extreme volatility” in an extremely bearish 2018. The value of some digital assets fell five-fold, the head of […]

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Markets Update: Crypto Prices Drift Sideways While Traders Remain Uncertain

Market Updates A lot has changed since our last markets update as digital asset prices have been consolidating after the cryptoconomy’s last big drop in value. The entire ecosystem’s market valuation has lost about $10 billion over the last week, but stronger global trade volumes have managed to keep values afloat at current prices as traders await the next big wave of movement. Also Read: Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization A Strong Scent of Uncertainty In the Air Another week has […]

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American Companies Can Now Settle Payroll Taxes In Cryptocurrency via Bitwage

Taxes International cryptocurrency payroll service provider Bitwage has announced that it has partnered with Texas-based Simply Efficient HR. The move will allow companies to pay W2 employee and payroll taxes in all 50 U.S. states, plus Puerto Rico, using BTC and ETH. Also Read: Bitpay Reports Processing Over $1 Billion Transactions in 2018 Bitwage and Simply Efficient Join Forces With Bitwage’s solution now out of beta, American employees are able to choose any percentage of their wage to be in USD or cryptocurrency. To participate, a company […]

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The Daily: Crypto’s Latest VR World, New Blockchain Analytics Tools

The Daily As the maxim goes, bear markets are good for building out cryptocurrency infrastructure – or “buidling” as the meme of the meme goes. Thursday’s installment of The Daily is rich in examples of the sort of development work being undertaken across the industry. From dapp trackers to virtual worlds, there’s a little bit of everything in today’s news roundup. Also read: Bitpay Reports Processing Over $1 Billion Transactions in 2018 Blockchain VR World Beachhead Enters the Fray The blockchain-based virtual reality realm is getting crowded. Decentraland, […]

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Indian Supreme Court Pushes Crypto Case Against RBI to End of February

Regulation The case against the crypto banking ban by the Reserve Bank of India (RBI) was unexpectedly heard at the country’s supreme court on Thursday. However, senior advocates for the parties were reportedly absent, so a new date has been set and the crypto case will be “top of the list” on that date. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Caught by Surprise The Indian supreme court was scheduled to hear the petitions against the crypto banking ban imposed by the […]

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Bitpay Reports Processing Over $1 Billion Transactions in 2018

Wallets Popular cryptocurrency payment processor Bitpay has released figures showing that the company maintained strong performance during 2018, despite the downturn in the market. For example, while other ventures had to downsize recently, Bitpay’s staff increased by 78 percent from the previous year. Also Read: Binance Launches Euro and Pound Fiat-to-Crypto Platform in Jersey B2B Business Grew Almost 255% YoY Bitpay has announced strong performance for the payment processing platform in 2018, after more than seven years in operation. During the year, the service reportedly processed over […]

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Thai Cryptocurrency Exchange Determined to Stay Open After SEC Orders Shutdown

Exchanges The Thai Ministry of Finance has rejected the last cryptocurrency exchange application it had been reviewing. The exchange, which has been ordered to close down business and return customer funds, is determined to stay operational. “Shutting down is not an option for us,” its chief strategy officer reportedly said. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Coin Asset Exchange Rejected The Thai Securities and Exchange Commission (SEC) announced on Monday the outcome of the latest cryptocurrency exchange application it had been […]

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Trezor and Gray Release Corazon Series ‘Luxury’ Hardware Wallets

Wallets On Jan. 16, hardware wallet manufacturer Satoshilabs, the creator of the Trezor line of cryptocurrency devices, announced its latest partnership with the mechanical artistry and design company Gray. The luxury designer is well known for its mobile collections like Zyra and Alter Ego and the two companies have now released a “luxury” aerospace-grade titanium hardware wallet series called Corazon. Also Read: A Look at Some of the ‘Next Generation’ Bitcoin Mining Rigs Available Today Corazon: ‘Luxury’ Titanium-Grade Hardware Wallets The Singapore-based manufacturer that creates custom Apple and […]

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Custodial Bitgo Clients Can Now Access Genesis Global’s OTC Pools

News On Wednesday, cryptocurrency custodial service Bitgo and over-the-counter (OTC) brokerage house Genesis Global announced a partnership to provide fast and secure trades directly from Genesis’ cold storage solution. Essentially, institutional investors who store their assets with Bitgo will be able to access cryptocurrency quotes in a high-frequency fashion similar to acquiring stocks or equities from traditional market makers. Also Read: New Full Node Client ‘Bitcoin Verde’ Joins the BCH Ecosystem Bitgo Partners With Genesis Global Cryptocurrency custodial platform Bitgo is adding a new service for its institutional […]

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