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Posts Tagged ‘Cryptocurrency’

FBI Director: Cryptocurrency Is ‘Significant Issue’ for Law Enforcement

Federal Bureau of Investigation Director Christopher Wray says cryptocurrency is a “significant issue” that is likely to become a “bigger and bigger” problem for the law enforcement agency. Speaking in front of the U.S. Senate Homeland Security and Governmental Affairs Committee on Tuesday, Wray responded to questions from U.S. Senator Mitt Romney (R-UT) about cryptocurrency,…

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Coinbase Will Now Reward Users for Holding This Cryptocurrency

Coinbase is for the first time allowing general users to earn rewards by simply holding cryptocurrency, starting with the Tezos (XTZ) token. In a company blog Wednesday, Coinbase said U.S. customers (barring residents of Hawaii and New York) can now stake the smart-contract platform’s crypto with an estimated 5 percent annual return. Tezos uses an alternative…

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Cryptocurrency Exchange Regulations are Coming to Hong Kong

Financial regulators in Hong Kong will introduce clear cut rules to govern the operations of cryptocurrency exchanges. Meanwhile, reports show that fund managers continue to struggle with the stringent requirements for crypto investment in Hong Kong. SFC To Regularize Hong Kong Cryptocurrency Exchange Scene According to Reuters, Hong Kong’s Securities and Futures Commission (SFC) is…

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British Tax Authority Updates Cryptocurrency Guidelines, Says It Is Not Money

The United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs (HMRC), has updated its cryptocurrency taxation guidelines for businesses and individuals. On Nov. 1, the U.K. government tax agency, which manages taxes alongside other financial policies, released tax guidance updates that further clarify its stance on how businesses and individuals involved with…

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Binance.US Now Lets Users Buy Cryptocurrency With Debit Cards

Customers of the United States-based branch of major crypto exchange Binance, Binance.US, can now purchase cryptocurrencies using their debit cards. In a blog post on Nov. 1, Binance.US announced that the exchange will now offer its customers the possibility to purchase cryptocurrencies with a debit card, joining existing U.S. dollar on-ramp and off-ramps, including the…

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China’s ‘DCEP’ Cryptocurrency Will be Gold-Backed: Max Keiser

After a period of absence, RT’s Max Keiser is back and his commentary on the current state of the global economy is as colorful as ever. The bitcoin bull also had some interesting things to say about China’s gold hoards and its new central bank-backed cryptocurrency. Gold-Backed Cryptocurrency In a Halloween appearance on Kitco News…

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Russia to Ban Facebook if US Blocks Libra Cryptocurrency

A Russian government official says the nation will ban Facebook if the US decides to block the company’s Libra cryptocurrency. Putin Aide: Ask US About Libra Speaking to reporters on Oct. 22, Dmitry Peskov, President Vladimir Putin’s special representative for IT confirmed his official position on Libra, as well as Telegram’s prospective cryptocurrency, Gram. “If…

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Tourists in Popular Japanese Region Could Soon Use a Local Cryptocurrency

Mitsubishi Research Institute (MRI) and an Osaka-based railway company are issuing a local cryptocurrency for use in a popular tourist area in Japan’s Mie Prefecture. The MRI, formed in 1970 by Mitsubishi Group companies, said on Wednesday that the token, dubbed Kintetsu Shimakaze Coin, will be utilizing blockchain and is available only from Nov. 11 to…

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Identity Thief Spends $5 Million on Cloud Computing to Mine Cryptocurrency

Singaporean citizen Ho Jun Jia, 29, also known as Matthew Ho, was indicted for stealing over $5 million worth of cloud computing services to mine cryptocurrencies, according to a grand jury indictment from the U.S. District Court in Seattle, Washington. Ho was arrested in Singapore and is being charged with wire fraud, access device fraud, aggravated…

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