Bitcoin’s decline continued Wednesday (Feb. 26) as it fell below the mark investors were looking at as a key line of support. Bitcoin fell below $9,000 Wednesday and losses were at around 9 percent total for the week. Investors think the coin is “in trouble,”...
New Zealand is considering changes to its treatment of cryptocurrencies, including dropping a tax on goods and services that many people are unhappy with, according to CoinDesk. The goods and services tax (GST) is unpopular with some. Bitcoin is treated as a property, with all...
A “future bank” focused solely on providing regulated services for digital assets is preparing to start, according to Coindesk on Monday (Feb. 24). Called Avanti, the venture is put forward by Caitlin Long, a legislative champion for blockchain and a former Wall Street veteran. Long...
Binance, Nigeria’s cryptocurrency market, has seen sign-ups surge 50 percent so far in 2020. The market is scrambling to provide users with a stablecoin. Roughly 300 people signed up for a corresponding “masterclass” for the market in January, which taught them how to set up eWallets and...
People flying with Norwegian Air will soon be able to pay for their flights with cryptocurrency, according to CoinDesk. Norwegian Air, one of the largest airlines in Europe, will allow the service because of a partnership with Norwegian Block Exchange (NBX) CEO Stig Kjos-Mathisen, whose technology...
Steve Chen, the mastermind behind a $147 million gemcoin fraud from 2013 to 2015, pleaded guilty of his crimes of tax evasion and conspiracy to commit wire fraud, reported on Wednesday (Feb. 19). The 62-year-old California resident will face a minimum of a decade in...
The IRS has invited cryptocurrency groups to meet for a regulatory summit March 3 to discuss how the two can work together going forward, published reports said Tuesday (Feb. 18). The overall theme will be balancing taxpayer services with the IRS’ regulatory needs. The summit,...
FCoin has stopped all trading and withdrawal after it was revealed that the crypto exchange had a shortage of $130 million worth in crypto assets, CoinDesk reported Monday (Feb. 17). Zhang Jian, who launched FCoin, wrote a post about the issue Monday, explaining that the...
Binance Holdings has applied for an operating license in Singapore under the country’s new payments legislation, which aims to be a comprehensive regulatory agency for digital currencies. Binance o-founder and CEO “CZ” Zhao Changpeng said they applied “pretty fast” and that the local Singaporean authorities they...
