Bahamas Set to Launch Sand Dollar Digital Currency Next Month: Bloomberg

The Bahamas is set to launch the world’s first sovereign digital currency ahead of major world powers such as China.

India Is Reportedly Planning to Ban Cryptocurrency Trading

India is reportedly planning on introducing a new law to ban cryptocurrency trading in the country, a move that would be a blow to the rapidly growing cryptocurrency scene in the country. According to Bloomberg, the new law is expected to be discussed shortly by the federal cabinet, before being sent to the country’s parliament. […]

Alleged ETH Pyramid Scheme Forsage Continues to Attract Investors Despite Warnings

Ethereum-based protocol Forsage continues to gain investment despite regulators warning that the project is a Ponzi scheme.

Mastercard Launches Platform for Central Banks to Test Digital Currencies

Financial services giant Mastercard has launched a platform to allow central banks and test firms test digital currencies.

Major Indian Think Tank: Bitcoin ‘Should Be Traded’ Like Stock

Deepak Kapoor, founder of the Begin India Think Tank, says bitcoin should be traded like stocks and given the same legal protections.

Russian Authorities Block Country’s Top Crypto Exchange Aggregator

Russian authorities have blocked, a major cryptocurrency exchange aggregator in the country, shortly after lawmaker passed crypto legislation banning cryptocurrency transactions. The aggregator reportedly includes 400 local cryptocurrency websites and included information on exchange rates between different cryptoassets. It was blocked by Russian telecom regulator Roskomnadzor for “mentions of Bitcoin cryptocurrency,” an announcement on […]

Iran Shuts Down 1,100 Illegal Cryptocurrency Mining Farms

Iran’s Power Generation, Distribution and Transmission Company (Tavanir) has reportedly shut down 1,100 unlicensed cryptocurrency mining farms in the country after being tipped off by whistleblowers. According to a report by the Financial Tribune, the firm is planning to reward whistleblowers with 100 million rials ($480) for cooperating with energy officials in identifying illegal cryptocurrency […]

SEC Shuts Down Blockchain Jobs Platforms, Orders It to Destroy Its ICO Token Holdings

The U.S. Securities and Exchange Commission (SEC) has announced charges against a blockchain-based jobs platform, Boon.Tech, and its chief executive officer, Rajesh Pavithran, over its failure to register their initial coin offering (ICO) token as a security and allegedly misleading investors. According to an announcement made by the agency, Boon.Tech and its CEO raised $5 […]

Grayscale Ethereum Trust Files to Status of Reporting Company With SEC

Grayscale Investments has voluntarily publicly filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission (SEC) for its Ethereum Trust (ETHE) to obtain reporting status. If the filing is approved by the SEC, the Ethereum Trust will be the second cryptoasset investment vehicle ever to obtain the status of a reporting […]

Czech National Bank Board Member Criticizes CBDCs as Helicopter Money

A Czech National Bank board member has criticized the use of central bank digital currencies (CBDCs) for raising more questions than answers and being another version of “helicopter money.”

U.S. Banks Can Now Offer Crypto Custody Services, Says Federal Regulator

The Office of the Comptroller of the Currency (OCC) is letting nationally chartered banks in the U.S. provide custody services for cryptocurrencies, according to a public letter from Senior Deputy Comptroller and Senior Counsel Jonathan Gould.

Coinsquare Accused of Market Manipulation by Canadian Regulator

Toronto-based cryptocurrency exchange Coinsquare has been accused of market manipulation by Canadian regulators after the company allegedly manipulated its trading volume. 

Malaysian Regulator Adds Binance to List of Unauthorized Firms

Malaysia’s Securities Commission (SC) has added popular cryptocurrency exchange Binance to its list of unauthorized companies, saying the platform is “operating a recognized market without authorization.”

Japan Serious About Issuing a Central Bank Digital Currency: Report

The government and Bank of Japan are seriously considering issuing a central bank digital currency to replace the current yen, including a potential partnership with the U.S. and European countries. 

Brazils Securities Watchdog Blocks Binance From Offering Derivatives

Brazil’s Securities and Exchange Commission has ordered Binance to cease offering derivative products in the country after ruling they constituted a securities intermediary.

President Trump Wanted to ‘Go After Bitcoin’ in 2018, John Bolton Reveals

Former national security advisor John Bolton claims in his new book that President Donald Trump wanted to crack down on the trading and selling of crypto-assets in May 2018.  

Bank of Canada Reveals Plans for Digital Currency in New Job Posting

The Bank of Canada has revealed its plans for a central bank digital currency (CBDC) in a job posting for the protocol’s Project Manager. 

Home Seller Sues Buyer Over Attempt to Pay in Worthless Crypto

Mary Shea, a California-based psychologist looking to sell her home, has sued a potential buyer, Mike Cherwenka, over the latter’s attempt to pay 30% of the property’s value in the form of a “worthless” cryptocurrency called “Troptions.Gold.”

JPMorgan Chase Positively Wades Into Crypto After Years of Hate

JPMorgan Chase & Co, the financial services giant, will begin providing banking services to the two biggest American crypto exchanges: Gemini and Coinbase.

Telegram Pulls Plug on Its TON Blockchain Platform and Gram Tokens

Telegram is pulling the plug on its Telegram Open Network (TON) blockchain platform and the Grams token, after years of battling with the U.S. Securities and Exchange Commission (SEC).

German Court Rebukes 1 Trillion ECB Quantitative Easing Program

A German court has ruled that the European Central Bank’s (ECB) quantitative-easing program is not backed by European Union treaties and have issued a three-month ultimatum to rectify the controversial measure.

Elon Musk and Roger Ver Say That It Is Time to End the COVID-19 Lockdowns

Tesla CEO Elon Musk and chairman Roger Ver have both called for an end to the sweeping stay-at-home restrictions. 

Crypto Tax Reporting: The Ultimate Guide For Algorithmic Traders

In most countries around the world, the income generated from investing in cryptocurrencies like bitcoin needs to be reported on your taxes. This type of tax reporting is no different from stocks, equities, or other forms of property. However, for cryptocurrency traders, especially high-volume ones, the process can become tedious. In this guide, we break down crypto taxes, how they work, and the step-by-step approach you can take to properly file your taxes.

Rich Dad Poor Dad Author Keeps Promoting Bitcoin Amid Fed’s Bailouts

Rich Dad Poor Dad author Robert Kiyosaki has continued his criticism of the Fed’s money printing tactics in response to the coronavirus while giving his support for bitcoin and precious metals. 

Rich Dad Poor Dad Author Explains His Endorsement of Bitcoin

Rich Dad Poor Dad author Robert Kiyosaki explained his endorsement of bitcoin, saying the asset was an escape from the traditional financial markets. 

Former White House Communications Chief Scaramucci Calls for More Helicopter Money

Former White House Communications chief Anthony Scaramucci says the US will need to provide more “helicopter money” in order to bolster the economy, in addition to the $2 trillion stimulus package already pledged. 

Binance Battles Brazilian Diplomat Trying to Register its Brand

Leading cryptocurrency exchange Binance is battling a Brazilian diplomat, Paulo Renato Dallagnol, after he registered the website and its brand at the National Institute of Industrial Property (INPI).

Crypto Rating Council Evaluates Three New Cryptocurrencies as Securities

The Crypto Rating Council, a collection of US-based crypto firms that promotes regulation in the industry, has released ratings for IOTA, Basic Attention Token and USDCoin. 

The Two Faces of the German Crypto Boom: Crypto Geography

Germany is a synonym for quality. Whether it’s German goods or services, they are always in high demand. Over the last couple of years, this reputable country has made an about turn in policy being dubbed the “Crypto capital of the EU”. 

Venezuelan Petro Price Swings Wildly Off Peg, as Oil Price Plummets

PTR’s official, government-defined price is wildly out of sync with fluid global markets. The token, supposedly pegged to one barrel of crude oil, still being valued out-of-market at more than double the market price.

Malta’s Financial Watchdog Warns Against Two Cryptocurrency Exchanges

Malta’s financial watchdog, the Malta Financial Services Authority (MFSA), has issued statements against two cryptocurrency trading platform that reportedly don’t have licenses to operate in the country.

Bitcoin Fails as a Currency, Brazils Banking Federation Head Says

Murilo Portugal, president of the Brazilian Federation of Banks, says that cryptocurrency fails to fulfil the three basic tenants of fiat currency. 

Fiat Currencies May Be Gone by End of Year, Says GoldMoney Research Head

GoldMoney Insight’s head of research Alasdair Macleod says fiat currency may not survive the end of the year following the economic crisis and response generated by the coronavirus pandemic. 

Bitcoin Prices Dip Following $2 Trillion Stimulus Deal By U.S. Congress

Bitcoin prices reacted to the announcement on Wednesday that the US White House and Congress had reached an agreement over a $2 trillion stimulus deal that would provide economic relief for the ongoing coronavirus pandemic. 

New Coronavirus Legislation Eyes Digital Dollar to Ease Recession

Proposed legislation meant to support the U.S. economy during the coronavirus pandemic seemingly includes a recommendation to create “digital dollar” that could help the country get through the shutdown of business over the coronavirus outbreak.

Deutsche Bank Strategists Warn of ‘Hyperinflation’ Generated by Anti-Coronavirus Policies

Two Deutsche strategists are warning over “hyperinflation” generated by helicopter money being introduced into the market by governments in response to the coronavirus pandemic. 

Binance.US CEO: US Gov. Should Use Stablecoin for Coronavirus Payments

BInance.US CEO Catherine Coley says the US government should use a stablecoin to issue emergency coronavirus payments. 

Bitcoin Provides a Modern Solution for Unhygienic Fiat Currency

Bitcoin provides a modern and hygienic approach to money exchange compared to fiat, which has quickly become outdated in light of the coronavirus outbreak. 

Former Bakkt CEO Under Fire for Selling Millions in Stock Ahead of Market Crash

Senator Kelly Loeffler, former CEO of the Intercontinental Exchange’s cryptocurrency-venture Bakkt, has been under fire for selling millions of dollars worth of stock ahead of the recent market crash induced by the novel coronavirus pandemic.

Binance Touts Bitcoin’s Scarcity as Governments Consider Quantitative Easing

Cryptocurrency exchange Binance took to Twitter to criticize governments around the world for contributing to inflation by printing new money. The exchange also lauded bitcoin for its scarcity and the upcoming halving event in May. 

FCA Adds Nine New Financial and Crypto Companies to its Warning List

The UK’s Financial Conduct Authority has added nine new financial and crypto companies to its warning list.

Crypto-Powered Brave Browser Files GDPR Complaint Against Google

The cryptocurrency-powered Brave browser has filed a formal complaint against Google over the General Data Protection Regulation (GDPR) in Europe.

Russias Central Bank Seeks Outright Ban on Cryptocurrency

Russia’s central bank is reportedly working amendments to a digital currency bill that will outright ban the sale and circulation of crypto-assets. 

Bitfinex CTO: Bitcoin Will Prove its Metal as Central Banks Unravel

Bitfinex chief technology officer Paolo Ardoino says that bitcoin will eventually prove its worth as global central bank policies fail.

Bank of England Considering Launching Digital Currency as Cash Usage Plummets

The Bank of England has published discussion papers debating the launch of a digital currency as cash usage in the country plummets compared to debit cards and payment apps. 

Australian Tax Office Targeting Thousands in Crypto Crackdown

The Australian Tax Office will reportedly issue letters to thousands of cryptocurrency investors over undeclared profits. 

Cryptocurrency Exchange Kraken Announces ‘Recommitment’ to Indian Market

Cryptocurrency exchange Kraken has announced its “recommitment” to the Indian markets following the Supreme Court’s decision to overturn the RBI’s ban against crypto.

Russian Media Watchdog Blocks Six Crypto Websites

Russian media watchdog Roskomnadzor has added six new cryptocurrency-related websites to its list of blacklisted addresses. 

French Commerce Court Classifies Bitcoin as Currency in Recent Trial

A French court has classified bitcoin as currency in a recent ruling involving bitcoin cash generated on a loan made in 2014.

Reserve Bank of India to Appeal Supreme Courts Lift of Crypto Banking Ban

The Reserve Bank of India (RBI), India’s central bank, is reportedly set to appear the Supreme Court’s decision that lifted the banking ban it imposed on cryptocurrency businesses.

Venezuela’s Petro Will Be Used for Surveillance, U.S. Economist Says

US economist William J. Luther says that Venezuela’s national digital currency petro will be used to skirt economic sanctions and tighten President Maduro’s control over the country.

BitMEX Is ‘Not Authorized to Operate in the UK, Says Countrys Financial Regulator

The U.K.’s Financial Conduct Authority (FCA), the country’s financial watchdog, has warned popular crypto derivatives trading platform BitMEX has been operating in the country without proper authorization.

Indian Supreme Court Lifts Central Banks Ban Against Cryptocurrency Exchanges

The Supreme Court of India has sided with petitions from cryptocurrency exchanges and other industry players that challenged a banking ban imposed by the country’s central bank, the Reserve Bank of India, in April 2018.

Marshall Islands Partnering with Algorand to Launch Worlds First National Digital Currency

The Marshall Islands has partnered with SFB Technologies and Algorand to launch the world’s first national digital currency.

Japan’s Self-Regulatory Organization for Crypto Firms Adds Coinbase as Second-Class Member

Japan’s Virtual Currency Exchange Association (JVCEA), an official self-regulatory body of crypto exchanges, has added San Francisco-based crypto exchange Coinbase as a second-class member.

London Football Exchange Founder Allegedly Admits to Manipulating Token Price

London Football Exchange founder Jim Aylward has allegedly admitted to manipulating the exchange’s token price by controlling a majority stake.

Wilshire Phoenix Rips SEC for Rejecting Bitcoin ETFs

New York-based asset management firm Wilshire Phoenix ripped the SEC for its handling of bitcoin ETF proposals over the last year.

Qatari Billionaire Al Mana Sues Facebook Over Fraudulent Crypto Ads

Qatari billionaire Wissam Al Mana has filed a defamation suit against Facebook over a series of cryptocurrency ads using his likeness to promote fraudulent products. 

Iranian Military General Proposes Using Crypto to Avoid Economic Sanctions

An Iranian military general has advocated the use of cryptocurrency as a way to circumvent the heavy economic sanctions currently placed on the nation. 

SEC Fines Steven Seagal for ‘Unlawfully Touting’ ICO in 2018

Action star Steven Seagal has been fined by the U.S. Securities and Exchange Commission (SEC) for “unlawfully touting” an initial coin offering (ICO) conducted by Bitcoiin2Gen (B2G) in February 2018.