Crypto Mining CEO Said to Disappear With $35 Million In Funds
Crypto mining firm Sky Mining's CEO Le Minh Tam has reportedly stolen $35 million from investors and fled to America.
Bitcoin ETFs May Have Lost the Battle, But Not the War
On July 26, the U.S. Securities and Exchange Commission (SEC) scrapped the application for a Bitcoin exchange-traded fund (ETF) run by brothers Tyler and Cameron Winklevoss. While the market took the news negatively and the price of BTC crumbled — though it jumped back to the green within 24 hours — the ETF case is…
Media: Crypto Exchange Huobi’s OTC Trading Platform to Support India Rupee Transactions
Huobi, currently the world’s third largest crypto exchange by daily trading volumes, is set to support Indian rupee (INR) transactions on its proprietary peer-to-peer trading platform, according to an email cited by Crypto News India July 26. Huobi, whose over-the-counter (OTC) service will reportedly offer Indian users zero-fee trading on Bitcoin (BTC), Ethereum (ETH), and…
Op Ed: Cryptocurrency Capital Gains Taxes — Breaking Down the Problem
Capital gains on crypto transactions are easy to track, one at a time. What about when there are thousands? Cryptocurrency capital gains taxes are becoming a point of interest for governments. In 2017, which will likely come to be known as the year crypto went mainstream, the combined market cap for all cryptocurrencies rocketed up…
How Blockchain Promotes International Trade, Identity and Financial Inclusion
International trade, people without identity and financial exclusion are global development areas that stand to be radically improved with blockchain technology, according to Michelle Chivunga, regional advisor for the British Blockchain Association. “I’m quite keen to help people in understanding what the potential of blockchain is,” said Chivunga in an interview with Bitcoin Magazine. “And…
Bitcoin Holds $8,000 as Community Weighs ETF Impact Prospects
Bitcoin’s (BTC) price continued to hold above $8,000 on Monday, July 30, as the rest of market saw slight losses across the board. Market visualization from Coin360 Data from Cointelegraph’s price tracker and Coin360 reveals a modest comedown for Bitcoin through the day, falling almost 1 percent over a 24 hour period to trade at…
Bitmain Plans Overseas IPO, Earned $1 Billion in Net Profit in Q1, Sources Report
Jihan Wu, the co-CEO of crypto mining hardware giant Bitmain, is reportedly planning to conduct an overseas initial private offering (IPO), Fortune’s crypto-focused section The Ledger reports July 30. Bloomberg had reported in June that Wu was “open” to holding an IPO in a market with U.S. dollar denominated shares — like Hong Kong —…
Smart Dubai and DIFC Courts Partner to Explore Blockchain-Powered Judiciary
The Dubai International Financial Centre (DIFC) Courts and Smart Dubai have announced their partnership to develop a “Court of the Blockchain,” for streamlining the legal system, local news outlet Arabian Business reports today, July 30. DIFC and Smart Dubai will reportedly explore how the technology could aid verification of court judgements for cross-border enforcement as…
Chamber of Digital Commerce Sets Out ICO and Token Guidelines
The Chamber of Digital Commerce’s Token Alliance is producing a new group of guidelines built to help the cryptocurrency and initial coin offering (ICO) markets grow responsibly. Released today as a whitepaper, the report is entitled “Understanding Digital Tokens: Market Overviews & Guidelines for Policymakers & Practitioners.” The paper will specifically pertain to “utility tokens,”…
Novogratz’s Crypto Bank Galaxy Digital to Start Trading Aug. 1 on Canadian Exchange
Mike Novogratz’s crypto-focused merchant bank, Galaxy Digital LP, is set to begin trading on Canada’s TSX Venture Exchange on August 1, Bloomberg reports July 30. The New-York headquartered firm will reportedly trade on the TSX Venture Exchange through a separate vehicle, Galaxy Digital Holdings Ltd., under the GLXY ticker. For Galaxy’s founder, the former Goldman…