Korean Government Seeks to Strip Tax Perks From Crypto Exchanges

Ranked No. 9 overall, Ausin was the 3rd U.S. hub on our list, coming behind Wyoming and Silicon Valley, California. Many of the Crypto Hubs’ criteria were measured on a national basis, so all of the U.S. hubs were hampered by a middling crypto regulatory score, which counted for 35% of the total ranking calculation.…

Crypto asset manager Grayscale has hired former Invesco Head of Americas John Hoffman to lead its distribution and partnerships team, six weeks before a decision is set to come out on whether the company will be allowed to launch a spot bitcoin (BTC) exchange-traded-fund (ETF).Hoffman – an ETF veteran – spent over 17 years at

Bitcoin's (BTC) recent drop below the $30,000 level sent smaller cryptocurrencies tumbling Wednesday afternoon.BTC's price fell to as low as $29,874, a 2.2% decline over the past 24 hours, according to CoinDesk data. The decline led to a sudden sell-off in altcoin – short for alternative cryptocurrencies – markets, which suffered 5-10% drops from Tuesday,…

Jul 3, 2020 at 15:50 UTCUpdated Jul 3, 2020 at 15:56 UTCEther put-call ratios (Skew)Search For Yield Drives Ether’s Put-Call Ratio to One-Year HighInvestors’ search for yield has pushed a widely tracked ether options market metric to its highest level in 12 months.  The put-call open interest ratio, which measures the number of put options…

Circle apparently thinks Tron isn’t up to snuff. On Wednesday, the major stablecoin issuer announced it will cease minting on the layer-1 blockchain effective immediately — the first move in a “phased transition” to completely vacate the network founded by Justin Sun, who faces legal challenges in the United States.This is an excerpt from The

CoinDCX has established a crypto investors protection fund to compensate users in case of a security breach. The decision comes a few weeks after prominent Indian crypto exchange WazirX suffered a $230 million hack. Indian crypto exchange CoinDCX's co-founder Sumit Gupta has told CoinDesk that his company has established an investor protection fund, saying that

The chief of the European Central Bank (ECB) said Friday that the institution sees no "concrete need" to issue a digital version of the euro, Reuters reports. In a letter to a member of the European Parliament, ECB President Mario Draghi said a lack of robustness in the technology that would underlie such an endeavor,…

10 Years of Decentralizing the FutureMay 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register NowMicroStrategy’s X account was hacked on Monday, leading to a phishing message being posted for its followers, blockchain sleuth ZachXBT said.The X account of Michael Saylor’s crypto investment firm sent out a

Aug 31, 2020 at 16:19 UTCBlockchain Bites: Ethereum Classic Attacked, Electrum Wallet Drained and Taxable MicrotasksSignature Bank gave out dozens more small business PPP loans to crypto firms than previously known, Ethereum Classic has suffered another 51% attack and a digital yuan wallet went live and disappeared this weekend. You’re reading Blockchain Bites, the daily roundup…