Binance to Open Beijing Office Amid China’s Renewed Blockchain Push

Binance to Open Beijing Office Amid China’s Renewed Blockchain Push – CoinDesk

Malta-based cryptocurrency exchange Binance is opening an office in Beijing, two sources with knowledge of the matter told CoinDesk. The new outpost will join Binance’s current mainland China office in Shanghai. It’s not clear what exactly the office will do or when it will open, but the move follows a slew of announcements from Chinese authorities, including President Xi Jinping outlining China’s new blockchain ambitions.

Crypto bank Sygnum wins a license in Singapore to offer asset management services in the country

Crypto bank Sygnum wins a license in Singapore to offer asset management services in the country – The Block

Switzerland-based cryptocurrency bank Sygnum has received a capital markets services license in Singapore, allowing it to provide asset management services in the Asian country. Announcing the news on Thursday, Sygnum said the license has been awarded by the Monetary Authority of Singapore, the country’s central bank, and that its first product will be a multi-manager …

Over 200 German Banks push for crypto-based digital euro

Over 200 German Banks push for crypto-based digital euro – Decrypt

An association of more than 200 German banks yesterday announced support for a “crypto-based digital euro.” In a paper, the Association said the currency’s creation would address the threats that cryptocurrencies pose to the existing monetary system. To accomplish this, the Association recommended the development of a “common pan-European payments platform,” that works together with regular money.

Bitcoin Scam Outed by Regulators in Malta

Bitcoin Scam Outed by Regulators in Malta – BeInCrypto

The Malta Financial Services Authority has warned investors about yet another Bitcoin investment scam. The platform, Bitcoin Future, has been using images of local public figures to dupe its victims. Whilst Bitcoin’s borderless and censorship-resistant design creates immense possibilities for the future of finance, these features also make the cryptocurrency well-suited for scams. With tales of early investors realizing massive gains from “magic internet money” clouding their judgment, many people fall for the promises of similar returns from even modest investments.

What the Fork?: New IRS Guidance on Cryptocurrency Transactions May Confuse Taxpayers, but …

What the Fork?: New IRS Guidance on Cryptocurrency Transactions May Confuse Taxpayers, but Makes Sense When Terminology is Translated

The Internal Revenue Service (“IRS”) recently issued guidance to help taxpayers properly report transactions involving cryptocurrencies and, in particular, hard forks and airdrops. This guidance is crucial to understanding the U.S. federal income tax treatment of these transactions, but accurately applying it requires an understanding and interpretation of existing law and how that shapes the “IRS’s” intent regarding these highly technical events.

Bitcoin Needs ‘Real Use Cases’ to Become Digital Gold, Says ICE Chief

Bitcoin Needs ‘Real Use Cases’ to Become Digital Gold, Says ICE Chief – CoinDesk

Bitcoin might become “digital gold,” but first it needs to be used more in everyday business, Intercontinental Exchange’s chief executive said. During a quarterly earnings call Thursday, ICE head Jeffrey Sprecher said that he sees use in transactions as the prerequisite to bitcoin becoming a long-term store of value.

New Survey: Why Ripple’s XRP is Perfectly Positioned to Take over 80% of SWIFT’s Cross-Border …

New Survey: Why Ripple’s XRP is Perfectly Positioned to Take over 80% of SWIFT’s Cross-Border Payments Market Share

The 2019 report by the Association for Financial Professionals (AFP) underwritten by JP Morgan revealed that more than 60% of survey respondents believe faster payments will have a positive impact on their organizations. While 37% are looking to stay current with new developments and aim for early adoption to reap early benefits, 24% plan to be aware of new developments to be better prepared.

Japan’s SBI Holdings to Use Ripple’s XRP On-Demand Liquidity For International Remittances

Japan’s SBI Holdings to Use Ripple’s XRP On-Demand Liquidity For International Remittances

SBI Holdings, the Japanese banking giant, has recently published its latest report. In the document, the company talks about its strategies and reports its latest plans. One of them is to use Ripple’s XRP tokens for international remittances that will be made between Japan and the Southeast Asian region.

SEC Attempts to Halt Telegram’s Planned Token Distribution

SEC Attempts to Halt Telegram’s Planned Token Distribution

On October 11, 2019, the SEC filed an emergency action to stop Telegram (Telegram Group Inc. and its wholly owned subsidiary TON Issuer Inc.) from continuing its offering of tokens. Telegram raised approximately $1.7 billion in early 2018 through the sale of its tokens, dubbed “Grams”, which it originally committed to deliver to purchasers from the sale by the end of this month.

Decentralized Bitcoin exchange Bisq launches new protocol to deter scammers

Decentralized Bitcoin exchange Bisq launches new protocol to deter scammers – Decrypt

The Bisq network has launched its latest platform iteration, and the upgrade this time around is a “big one,” according to its announcement earlier this week. The non-KYC, peer-to-peer, decentralized exchange has upgraded its multi-signature trade protocol and account reputation system, with the aim of reducing the trust required to safely use the exchange.

Twitter CEO, Jack Dorsey Gambles on Cryptocurrency

Twitter CEO, Jack Dorsey Gambles on Cryptocurrency – Finance and Funding – Altcoin Buzz

CEO of social media platform, Twitter, Jack Dorsey has made investments in the cryptocurrency company CoinList, supporting their initial coin offering (ICO). Jack Dorsey, a billionaire entrepreneur earlier launched Square Crypto, the crypto arm of the fintech giant Square. He is an ardent supporter of Bitcoin and believes it’s well-positioned to become the native currency of the internet.

Bitcoin Mining Hardware Market Size, Demand and Growth Opportunities by 2019 to 2025 …

Bitcoin Mining Hardware Market Size, Demand and Growth Opportunities by 2019 to 2025: BIOSTAR, BitDragonfly, BitFury, DigBig

HTF MI broadcasted a new title “Global (United States, European Union and China) Bitcoin Mining Hardware Market Research Report 2019-2025” with 146 pages and in-depth assessment including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players such as Antminer, ASICrising GmbH,

Sita to launch single-token biometric system at Malaysian airports as data sharing startup Zamna …

Sita to launch single-token biometric system at Malaysian airports as data sharing startup Zamna raises $5M

Sita will introduce a single-token biometric system for the full airport traveller journey at Kuala Lumpur International Airport in collaboration with Malaysia Airports Holdings Bhd (MAHB), The Edge Markets reports. The system is part of the new Airports 4.0 initiative by MAHB, and uses facial biometrics to identify travelers at each touchpoint from booking to boarding.

Mt. Gox Extends Submission Deadline to 2020

Mt. Gox Extends Submission Deadline to 2020 | The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Coinlist.me

By Will Bartlett Mt. Gox has once again extended the deadline for submissions of claims against the failed exchange. March 31st, 2020 is the new deadline, which will mark 6 years from Mt. Gox shutting down. This is apparently due to what are being called “problematic requests for money”, a 5-month extension from the original submission deadline of October 25th, became necessary.

Bitcoin evangelist: KYC huge hurdle for exchange during bull markets

Bitcoin evangelist: KYC huge hurdle for exchange during bull markets – AMBCrypto

Recently, Bitcoin evangelist, Pierre Rochard, made an appearance on Peter McCormack’s podcast, WhatBitcoinDid. According to Rochard, there is, and always has been, value accruing to conversion between fiat currencies and Bitcoin. “I think that it is only going to continue to increase, and more quickly than merchant adoption, because Bitcoin is going for the king.

More Chinese Bitcoin Miners Flock to Sichuan as Demand Soars

More Chinese Bitcoin Miners Flock to Sichuan as Demand Soars – BeInCrypto

Despite the long-standing ban on Bitcoin trading, China continues to be a breeding ground for cryptocurrency mining operations – statistically speaking. As BeInCrypto has previously covered, Chinese Bitcoin miners dominate an estimated 65 percent of the total network hashrate – with others, including the United States and Russia, lagging far behind with roughly five percent and 10 percent, respectively.

Smart Valor Swiss Cryptocurrency Exchange Offers Staking Rewards for Dash Users

Smart Valor Swiss Cryptocurrency Exchange Offers Staking Rewards for Dash Users

Swiss cryptocurrency exchange Smart Valor has launched staking services for proof-of-stake and similar technology coins, offering Dash customers recurring rewards on their savings by contributing to a masternode thanks to a BitGo partnership. 🔥Today @smartvalorinc has become the first European exchange offering the integrated, compliant and secure #staking-as-a-service.

Agent says Malkin hiring lawyer to investigate cryptocurrency report

Agent says Evgeni Malkin hiring lawyer to investigate cryptocurrency report – TSN.ca

Pittsburgh Penguins centre Evgeni Malkin’s agent says the NHL star is hiring a lawyer in Russia to investigate how his name became linked to million-dollar losses at a cryptocurrency company in that country called Mark.Space. On Oct. 29, the website Sports.ru reported that Malkin invested $4 million in Mark.Space.

The Coinmate Exchange and Confirmo Payment Platform are Driving Cryptocurrency Adoption in …

The Coinmate Exchange and Confirmo Payment Platform are Driving Cryptocurrency Adoption in Europe by Focusing on Speed, Security, and Service – CardRates.com

In a Nutshell: Cryptocurrency has the potential to solve financial inefficiencies by enabling direct exchanges across borders. But overcoming concerns about crypto’s complexity and volatility has turned out to be easier said than done. That is what the Coinmate exchange and the Confirmo payment platform set out to solve in the EU.

Harbor acquires transfer agent license from SEC to help security token issuers pay out dividends

Harbor acquires transfer agent license from SEC to help security token issuers pay out dividends – The Block

Harbor, the firm that aims to be the “one-stop shop” for security token issuers, has inched closer to that goal after obtaining a transfer agent license from the Securities and Exchange Commission (SEC). Notified by the SEC on Thursday, the security token platform is now the first blockchain company to receive both a transfer agent …

Deutsche Telekom, Telefonica, Vodafone trial blockchain for roaming payments

Deutsche Telekom, Telefonica, Vodafone trial blockchain for roaming payments – Ledger Insights

Yesterday, settlement and clearing blockchain platform Clear released details of several trials conducted with Deutsche Telekom, Telefónica and Vodafone. The goal is to streamline commercial roaming processes between mobile operators. Calculating inter-carrier payments is a cumbersome task. Companies need to record minutes spent by a customer on a roaming network, reconcile the data with its …

Blockchain could vastly improve how goods move through customs at the border

Blockchain could vastly improve how goods move through customs at the border

A new study conducted by researchers from the University of Houston cite blockchain as a technological advancement that could greatly improve the way international goods are processed and tracked through customs. The researchers found that utilizing blockchain could tighten up security measures when it comes to goods passing through international borders.

Cryptocurrency Scammers Target Litecoin Holders Through YouTube Live Stream

Cryptocurrency Scammers Target Litecoin Holders Through YouTube Live Stream * CryptoMode

Cryptocurrency scams are nothing new under the sun. Criminals become bolder and bolder in their approach of defrauding Bitcoin or altcoin holders. On YouTube, some streamers are trying to create live video feeds to “promote” giveaways tied to a specific currency. Anyone participating in such an event will lose their one very quickly, as is …

Crypto Mining Operations Licensed by FERC to Launch in 110-year Montana Power Plant, Old …

Crypto Mining Operations Licensed by FERC to Launch in 110-year Montana Power Plant, Old Rainbow

According to a Scribd report dated Oct. 24, the Federal Energy Regulatory Commission (FERC) granted a license of operations to California-based firm Susteen, to start a cryptocurrency mining in the establishment. The report states the building is to be preserved given the communities attachment to Old Rainbow with the mining equipment set to occupy only one section of the former powerhouse.

Crypto Mining Manufacturer Bitmain Files for IPO With the US SEC

Crypto Mining Manufacturer Bitmain Files for IPO With the US SEC – AllStocks Network

News making rounds suggest that the China-based Bitcoin mining giant, Bitmain Technologies, has resolved to seek an initial public offering (IPO) from the United States Securities and Exchange Commission (SEC). The crypto community woke up to the news of the secret IPO listing with the SEC on October 30 after prior rumors.

SEC, CFTC Charge XBT Corp. With Selling Unregistered Swaps for Bitcoin

SEC, CFTC Charge XBT Group With Selling Unregistered Swaps for Bitcoin – CoinDesk

U.S. regulators filed charges against XBT Corp. Thursday, alleging the company failed to register as a futures commission merchant (FCM). In simultaneous press releases, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) alleged that XBT, otherwise known as First Global Credit, sold security-based swaps for bitcoin without registering on a national exchange.

Russian Aluminum Plant Set to House Cryptocurrency Mining Farm

Russian Aluminum Plant Set to House Cryptocurrency Mining Farm

International economic sanctions have propelled many countries toward cryptocurrencies – from Venezuela to Iran. Now, U.S. sanctions imposed on one Russian company have paved the way for a cryptocurrency mining operation to take over a decidedly industrial facility. One such establishment is Rusal, an aluminum giant owned by Oleg Deripaska, an aide to Russian President Vladimir Putin.

Ripple continues winning strategy: Federal Bank of India and PagoFX

Ripple continues winning strategy: Federal Bank of India and PagoFX

Ripple continues its leadership strategy in the world of financial technology. Such a Ripple strategy is justified, as well as truly working. More and more different structures use Ripple technologies, considering them reliable and interesting. Important events related both directly to the launch of technologies, and with the assumption regarding this.

Tron Tops CCID Rankings, Bitcoin Eleventh

Tron Tops CCID Rankings, Bitcoin Eleventh – Asia Crypto Today

Just a few days after the country’s president, Xi Jinping, publicly embraced blockchain technology, China’s Center for Information and Industry Development (CCID) has released its latest crypto ranking report. CCID, which operates under the supervision of the country’s Ministry of Industry and Information Technology, is tasked with interfacing businesses with the government and watches over …

8 Must Read Questions About Cryptocurrency Taxes

Eight Must-Read Questions About Cryptocurrency Taxes – Crypto.IQ | Bitcoin and Investment News from Inside Experts You Can Trust

Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, but similar issues arise around the world. As always, check with a local tax professional to assess your own particular tax situation.

Facebook’s Cryptocurrency Initiative Is In Trouble

Facebook’s Cryptocurrency Initiative Is In Trouble – My TechDecisions

According to Ars Technica, six participants in the Libra Association, a group created by Facebook to develop virtual currency, withdrew earlier this month. Those participants, Strip, Visa, MasterCard, Mercado Pago, PayPal, and eBay, dropped out before the Libra Association held its first official meeting where participants made their “binding commitments.”

Your Essential Cryptocurrency Taxation Guide For 2019

Your Essential Cryptocurrency Taxation Guide For 2019

The growing popularity of cryptocurrencies has undoubtedly shaken up the global financial system, with governments around the world wrestling in a variety of ways with the economic ramifications. One of the most important and obvious topics on the agenda is taxation, since states are inclined to collect what they believe they’re owed on earnings made in the cryptosphere.

Bitcoin whales fattens on small bitcoin holders – Peter Schiff

Bitcoin whales fattens on small bitcoin holders – Peter Schiff

Large investors tend to earn money on price decreases at the expense of small holders. Bitcoin stays above $9,000, though the bearish pressure is growing. A famous financial expert and vocal bitcoin critic Peter Schiff think that large holders of cryptocurrency increase their digital wealth while small investors have to hold their coins in the hope that the price will grow in future.

Bitcoin is the best form of money ever seen: Litecoin’s Charlie Lee

Bitcoin is the best form of money ever seen: Litecoin’s Charlie Lee – AMBCrypto

Blockstream and BTSE recently co-hosted a meetup in Las Vegas, with the topic of discussion being Liquid sidechain. The event took place on 29 October on the sidelines of the Litecoin Summit, and hosted a panel of speakers that included Blockstream’s Samson Mow, Litecoin’s Charlie Lee, and popular Bitcoin proponent “WhalePanda.”

Litecoin technical analysis: LTC/USD capped by game-changing weekly resistance at $60

Litecoin technical analysis: LTC/USD capped by game-changing weekly resistance at $60

Litecoin price is trading in the green, with a gain of 1.30% the session on Thursday. LTC/USD weekly price action has been narrow for five trading weeks. Should the price fails to break $60, it could prove to be punishing. A major resistance barrier is eyed at $60, the bulls must break and close above this for greater gains.

Winklevoss Capital backs a crypto custody startup that lets users protect private keys via friends

Winklevoss Capital backs a crypto custody startup that lets users protect private keys via friends – The Block

Cryptocurrency custody startup Vault12 is offering a new way to protect private keys – by using friends and family as a recovery network. The solution, dubbed as the “personal cryptocurrency security solution,” uses a cryptographic technique called Hierarchical Threshold Shamir’s Secret Sharing to let “guardians” safeguard users’ private keys.

Xi’s Throwaway Blockchain Quote is Sparking China’s Crypto Frenzy Again

Xi’s Throwaway Blockchain Quote is Sparking China’s Crypto Frenzy Again

Blockchain business begins to boom in China. Bitcoin runs off the back of blockchain adoption, creating a vast grey area in the country. Provinces all over China start to heed President Xi’s call to action. Thanks to a reinvigorated stance on blockchain from China’s Premier, Xi Jinping, China may be on the brink of an entirely new crypto craze.

A Guide to PAX Gold

A Guide to PAX Gold

Stablecoin issuer PAXOS recently introduced its first gold-backed cryptocurrency PAX Gold. In a press release published in September, the financial operator claimed that it’s “the first crypto-asset redeemable for physical gold.”According to the report, it is also the first regulated digital gold

Belgian Finance Watchdog Ups List of Suspected Crypto Scams to 131

Belgian Finance Watchdog Increases List of Suspected Crypto Scams to 131 – CoinDesk

Belgium’s financial sector regulator has issued a fresh warning over suspected cryptocurrency scam websites, bringing its running list to 131 domains. On Tuesday, the Financial Services and Markets Authority added 9 domains – including bitcoinmarketscap.com, bitcointraderspro.com, coinsmex.com, crypto-sfs.com, etc-markets.co, fisherih.com, ltc-markets.com, stsroyal.com and tdscapitalgroup.com – to the list of crypto trading platforms with “signs of fraud.”

Twitter CEO Jack Dorsey Backs Crypto Token Sales Platform $10 Million Round

Twitter CEO Jack Dorsey Backs Crypto Token Sales Platform $10 Million Round | CryptoGlobe

Jack Dorsey, the pro-bitcoin CEO of social media platform Twitter and of payments startup Square, has participated in CoinList’s $10 million funding round. The round involved other investors and was led by Polychain Capital. According to the Wall Street Journal CoinList, a crypto token sales platform, is planning to use the funds to launch a cryptocurrency exchange called CoinList Trade, a cryptocurrency wallet, and more.

Blockstack Will Pay Liquidity Provider GSR to Trade Its STX Token

Blockstack Will Pay Liquidity Provider GSR to Trade Its STX Token – CoinDesk

Blockstack, one of the first blockchain startups to have raised money in a Reg A+ offering, has hired GSR Markets to trade its “stacks” (STX) token. According to an Oct. 24 filing with the U.S. Securities and Exchange Commission (SEC), the blockchain startup will pay GSR for providing liquidity in markets outside of the U.S.