South Korea Denies Rumors of 10% Tax on Cryptocurrency Trading Profits

The South Korean government’s Ministry of Strategy and Finance has refuted a recent news report that claimed authorities are preparing to levy a 10% capital gains tax on cryptocurrency profits. On June 22, domestic media outlet Chosun cited a ‘high-ranking… Continue Reading →

Bitcoin Price Drop, Hacks, and FEC Regulations: This Week in Crypto

Bitcoin Price Watch: Bitcoin is down 8% this week continuing a trend of an almost 20% drop over the last month. Earlier today, the bitcoin price hit a low for 2018 of $5,825 causing analysts to draw comparisons to 2014 when… Continue Reading →

Op-Ed: Crypto-Doomsday or Self-Preservation? Takeaways From BIS Central Bank Report

The “Central Bank of Central Banks” recently released a 24-page report taking a hard stance against the cryptocurrency movement and the mainstream application of the technology. The Bank for International Settlements (BIS) “fosters international monetary and financial cooperation and serves as… Continue Reading →

Polkadot Developer Robert Habermeier Wins Prestigious Thiel Fellowship

Polkadot developer Robert Habermeier has become the latest cryptocurrency developer to win a prestigious fellowship from the Thiel Foundation, which was founded by PayPal co-founder and bitcoin bull Peter Thiel. Every year, the Thiel Foundation 20 to 25 entrepreneurs under the age… Continue Reading →

Why Tech Darlings Robinhood and Square Don’t Care About Cryptocurrency Profits

Robinhood, a major stock trading app based in the US, whose valuation surged from $1.5 billion to $6 billion after integrating cryptocurrency, said that the company does not expect to generate large profits in the near future, and the company… Continue Reading →

Coinbase Should Add XRP [And It’s Not a Security]: Ripple CEO

Brad Garlinghouse, the billionaire CEO at Ripple Labs, the company that oversees the development of XRP, the $18 billion blockchain network, has said for the first time in public that Coinbase should integrate XRP, the native cryptocurrency of the Ripple… Continue Reading →

Digital Currency Exchange ShapeShift Raises $10.4 Million Series A

Digital currency exchange startup ShapeShift has closed a new funding round, one which it hopes will fuel a suite of new products this year. nSource

Ukrainian Police Arrest Four in Alleged Cryptocurrency Exchange Fraud

Ukranian Police authorities have arrested four people in connection with running six fraudulent exchanges.t The authorities say that the accused setup exchanges using a custom CMS(content managemenset uptem), and attracted users through review websites, which they had infused with fake… Continue Reading →

Wall Street’s Entry into Crypto Sector will Bring in Trillions: Cardano Co-founder

Charles Hoskinson, co-founder of Cardano and former CEO and co-founder of Ethereum, wrote on Twitter that Wall Street will bring “tens of trillions of dollars” into crypto world in the future. His statement came after all of the cryptocurrencies declined… Continue Reading →

EY Launches Blockchain Content Rights Platform in Partnership with Microsoft

Global leader in advisory services, EY, in partnership with Microsoft announced a blockchain based solution which facilitates content rights and royalties management. To start things off, Microsoft and affiliated game publishers will be using the solution in the gaming industry, although… Continue Reading →

Cryptocurrency Market Drops to $241 Billion, EOS Takes a Huge Beating

From $260 billion to $241 billion, the valuation of the cryptocurrency market has dropped by over $19 billion in the past 24 hours, as major cryptocurrencies including bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS fell by large margins. For a… Continue Reading →

Bitcoin Price Hits 2018-Low at $5,825, Where Will it Bottom Out?

The bitcoin price has dipped below the $5,900 mark, after initially dipping below the $6,000 mark on June 23. Subsequent to four consecutive sell-offs as shown in the 1-hour bitcoin price chart below, BTC officially fell to a yearly low…. Continue Reading →

Canada Bitcoin Letter Rejects Hard Fork, Warns of Irreparable Damage

Canada&8217s Bitcoin ecosystemhas become the latest major sector of the industry to signal its rejection…nThe post Canada Bitcoin Letter Rejects Hard Fork, Warns of &8216Irreparable Damage&8217 appeared first on

TrustToken Receives $20 Million in Funding Round

TrustToken, the company behind the TrueUSD stablecoin, has raised $20 million in a strategic funding round from Andreessen Horowitz, BlockTower Capital, Danhua Capital, GGV Capital, and other parties. CEO Danny An told CNN: “The most recent round will support the… Continue Reading →

Irish Crypto Exchanges On The Receiving End As Banks Close Accounts

A study conducted by Amarach Research and Red Flag recently revealed that the number of people in Ireland who currently own cryptocurrencies is around 120,000, or about 2.5% of the population. This is an increase of 300% in a period… Continue Reading →

Prague to Host Major Cryptocurrency & Blockchain Conference

On May 19, the capital of the Czech Republic will host Blockchain &38 Bitcoin Conference…nThe post Prague to Host Major Cryptocurrency &038 Blockchain Conference appeared first on

Class in Session! Stanford University Establishes Blockchain Research Center

Stanford University’s computer science department has established a center for blockchain research to promote the study of and develop best practices for this nascent technological field. Unveiled on Wednesday, the Center for Blockchain Research is a five-year research program that… Continue Reading →

3 Reasons Why Bitcoin Market Remains Optimistic Despite $6,000

On June 23, CNBC Fast Trader hosted a show dedicated to presenting the “Bitcoin Funeral,” a witty introduction to BKCM founder and cryptocurrency investor Brian Kelly’s discussion on the recent bitcoin correction and its future price trend. Three Reasons why… Continue Reading →

Cornell Professor and Nick Szabo Criticize EOS for Bugs and Centralization

As CCN reported on May 29, the launch of the mainnet of EOS was delayed due to a critical bug found by China-based cybersecurity firm Qihoo 360. Emin Gün Sirer, a professor at the prestigious Cornell University, criticised EOS developers… Continue Reading →

Prominent VC: Investors Remain Committed to Cryptocurrency Despite Bear Cycle

Barry Silbert, the founder and CEO of Digital Currency Group (DCG), the largest venture capital firm focused on the cryptocurrency market, has said that investors are still committed to the cryptocurrency market and are showing interest despite the cryptocurrency bear… Continue Reading →

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