Australia begins consultation on OECD crypto reporting framework
Australia’s Treasury seeks input on implementing the crypto-asset reporting framework within its domestic tax laws.
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SEC’s Overstock ICO Probe ‘Dormant’ Since Late 2018, CEO Says
Patrick Byrne’s exit from Overstock has nothing to do with the allegedly ongoing regulatory investigation, the firm’s interim CEO said.No requests since December 2018Overstock’s interim CEO Jonathan Johnson claimed that the alleged probe by the United States Securities and Exchange Commission (SEC) appears to be “almost dormant” to date as the commission has not asked…

Bitcoin Bull Market Gains Steam, Breaks $9K for the First Time in 2020
On Jan. 18, Bitcoin (BTC) price finally made a strong push through the resistance level at $9,000 and rallied to $9,194 before pulling back slightly. BTC price has reached its highest level since early November, hitting $9K for the first time in 2020. BTC USD daily chart. Source: TradingViewThe upside move brought the price above the…

Shanghai PBoC Warns Chinese Public Against Blockchain Investment Schemes
A social media account for the People’s Bank of China is warning citizens against illegal fundraising schemes that involve virtual currencies and blockchain. 867 Total views 21 Total shares The Shanghai branch of the People’s Bank of China (PBoC) published an article detailing the signs of a financial scam, mentioning virtual currency and blockchain as…

Core Scientific sold $167M worth of Bitcoin holdings in June
The sale left the firm with 1,959 BTC at the end of the second quarter, a more than 75% drop when compared with its reported 8,058 BTC holdings as of May 31. 616 Total views 16 Total shares United States-based cryptocurrency mining firm Core Scientific sold more than 7,000 Bitcoin in June to pay for…

Initiative Including Microsoft, Intel and IBM Introduces Token Standards
The Token Taxonomy Initiative (TTI) has unveiled a framework to standardize the construction of tokens. The initiative has made its Token Taxonomy Framework (TTF) available to the public, according to a press release shared with Cointelegraph on Nov. 4.The platform-neutral framework will purportedly provide a set of definitions for tokens in various implementations.The TTI includes…

Crypto Markets Are Turning Green, Bitcoin Recovers Above $7,500
Wednesday, Nov. 27 — Crypto markets continue to improve, with Bitcoin (BTC) showing signs of recovery as it finds its way back above the $7,500 price mark.Cryptocurrency market daily overview. Source: Coin360Bitcoin started the day at $7,190, at which point the world’s largest crypto coin found an intra-day low of $6,900 before moving up again to…

Canadian BTC exchange partners with Costa Rica’s largest fiat payment system
Bull Bitcoin forms a partnership with SINPE Movil, Costa Rica’s principal fiat payments system, and Bitcoin Jungle, a local crypto wallet solution. 189 Total views 6 Total shares A non-custodial Bitcoin-only exchange with a head office in Canada, Bull Bitcoin, has formed a partnership with SINPE Movil, Costa Rica’s principal fiat payments system, and Bitcoin

Study: China’s BTC Miners Control 66% of Global Hash Rate
Chinese Bitcoin (BTC) miners are now responsible for controlling as much as 66% of global hash rate, a new report claims.China’s Sichuan province is accounting for over half the global hash rate, according to a study by London-based digital asset manager CoinShares, Reuters reports Dec. 11.Hash rate is a measure referring to the overall computing…