HSBC Australia to block all payments to crypto exchanges, citing scams
At least six big Australian banks have taken such action now — a trend one industry executive says is stripping Aussies of their “financial rights” to participate in the digital economy.
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Leading Latin America Investment Bank Joins Distributed Ledger Group
Leading Latin America investment bank BTG Pactual joined the organizing committee of the Post-Trade Distributed Ledger (PTDL) Group.Alliance for blockchain useIndustry news outlet LedgerInsights reported on Aug. 15 that Brazil-based bank BTG Pactual joined PTDL Group’s organizing committee. PTDL Group reportedly provides a platform allowing market participants to share information on blockchain and discuss applications…

One Month Left to Crypto Tax Season — 5 Critical Mistakes to Avoid
There is only one month left until the United States tax season. After being extended due to the COVID-19 pandemic, the official deadline to file tax returns is now July 15.If you think that the U.S. Internal Revenue Service is all hung up on dealing with the COVID-19 stimulus package and will not carefully examine…

US Crypto Holders Only Have a Few Days to Reply to the IRS 6173 Letter
Last month, the United States Internal Revenue Service (IRS) sent approximately 10,000 letters to cryptocurrency holders regarding their crypto holdings. The IRS has begun sending letters to taxpayers with digital currency transactions that potentially failed to report income and pay the resulting tax from digital currency transactions or did not report their transactions properly. Those who…

Russia’s Blockchain Voting System Let Users Decrypt Results Before Count
Russia’s blockchain-based voting system for the constitutional amendments had a vulnerability that reportedly made it possible to decipher votes before the official count. Constituents could decipher their own private keys According to research by Russia-language news outlet Meduza, when the constituents casted their vote via a special website, the results would get encrypted by a JavaScript library…

Signs of Bitcoin accumulation suggest BTC’s dip to $45K will be short-lived
Bears took a hefty swing at BTC price today, but traders say on-chain and technical analysis data point toward a short-lived correction where investors choose to accumulate on each dip. 63 Total views 2 Total shares The cryptocurrency market rally that began on April 1 ran into tough resistance on April 4, sparking a market-wide…

Another inside job at Shapeshift cost the company nearly $1 million
Following the theft and repayment of $900,000 in Bitcoin (BTC), Shapeshift is now pursuing damages in court against its former senior software engineer, Azamat Mukhiddinov. "There was significant time lost and legal costs associated with the clean-up," Shapeshift's chief legal officer, Veronica McGregor, told Cointelegraph, noting that customer funds were safe throughout the ordeal. "ShapeShift is non-custodial,…

Bitcoin Rallies Hardest in November — So Why Are the Charts Bearish?
So far November has started off as a relatively uneventful month for Bitcoin’s (BTC) price action but all of this could change before the weekend is over. Let’s take a quick view of the charts to see what is in store. Crypto market data weekly view. Source: Coin360Outside of setting a weekly high at $9,616, the…

Bitcoin bulls fight to hold $34K as CME BTC open interest surpasses 100K
A surge in CME BTC volumes and open interest highlight institutional investors' growing interest in Bitcoin. Will it be enough to keep the price in the current range? Bitcoin (BTC) price currently battles to hold the $34,000 level after a stellar rally and short squeeze saw its price push above $35,000 on Oct. 23.In an