Brazilian bank suspends native crypto token trading following 97% price drop
Nubank suspends trading of its native token, offering users the option to convert holdings to Bitcoin or USDC by Dec. 9.
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Nasdaq reportedly prepares for crypto custody services for institutions
The firm reportedly created a new group focusing on digital assets and onboarded Ira Auerbach, who previously worked at Gemini, to lead the unit. 381 Total views 16 Total shares As more institutions become interested in dabbling in cryptocurrencies, multinational financial services firm Nasdaq has reportedly started its preparations to offer digital asset custody services…
Coinbase CEO responds to SEC suit, says team is ‘confidant’ in facts and law
In a social media post, Brian Armstrong said he thinks the SEC’s rules are unclear and that the courts need to make rulings to clarify them. 548 Total views 2 Total shares Coinbase CEO Brian Armstrong has responded publicly to the United States Securities and Exchange Commission (SEC) lawsuit against his company, stating in a…
$510M longs at risk if Ether repeats last weekend’s volatility
Even a small 2.25% decline this weekend could trigger the liquidation of over $500 million in Ether long positions.
‘Huge Cash Flows’: Lithuania Voices Concern Over ICO, Crypto Trading
Lithuanian authorities held a seminar examining the “threats and potential benefits” of Initial Coin Offerings (ICO) to the country’s economy, a press release reported Wednesday, October 3, amid an ongoing investigation into cryptocurrency trading habits.The Financial Crime Investigation Service (FCIS) organized the meeting, which included representatives from government ministries, the central bank, and the General…
Brazil’s Tax Authority Fines Those Who Fail to Declare Bitcoin and Crypto
Brazil's tax agency, the Department of Federal Revenue (RFB), published a new tax code that specifies fines for taxpayers who fail to declare their Bitcoin (BTC) and cryptocurrency transactions.On Dec. 6, Cointelegraph Brasil reported that the new crypto tax code is a further follow-up to provisions made by the RFB in August that require Brazilian…
Singapore Sees 300% Yearly Spike in Q1 Cryptojacking Attacks Amid COVID-19
The first quarter of 2020 saw ransomware attacks targeting devices in Singapore spike by four-fold compared with last year. 735 Total views 23 Total shares Data published by Russian cybersecurity firm Kaspersky indicates that Singapore has seen a significant increase in the prevalence of attempted cryptojacking attacks during the first quarter of 2020.Kaspersky estimates that…
‘Blow-off top’ or $30,000? Traders muse Bitcoin’s end-of-year fate
Traders and analysts mull what's in store for Bitcoin after a historic day. After a historic day in which the headlines could hardly keep up with price action and Bitcoin set a new all-time high above $26,500, traders and analysts are now turning their attention towards what could be in store for the digital currency…
Cardano releases 'Node 9.0,' paving way for upcoming Chang hard fork
The Cardano node GitHub page was updated with the new version, Node 9.0, which can be used to implement the upcoming hard fork.