News

South Korea’s second-largest cryptocurrency exchange platform, Bithumb, has reportedly denounced any claims that it is charging token issuers before they can list their coins on its platform at an interview with CoinDesk Korea on June 29th. An unnamed official from Bithumb said on a phone call with CoinDesk Korea that the exchange is still not […]

NBA superstar and Brooklyn Nets point guard Spencer Dinwiddie revealed on his Instagram on Thursday, July 1 that his token-based app for creators called ‘Calaxy’ has raised $7.5 million. The money will be used to further the app’s development and make Calaxy an effective avenue for creators who want to monetize their direct engagement with

American-based mining firm Stronghold Digital Mining has successfully obtained $105 million in funding to support its initiative to convert coal waste to Bitcoin. The project claims to convert 200 tonnes of waste coal to create one Bitcoin. In an interview with Forbes, Stronghold Co-chairman Bill Spence talked about this initiative and how the mining firm

El Salvador failed to get the World Bank’s financial assistance on the country’s plan to adopt Bitcoin as one of their legal currencies. The news was confirmed last Thursday, June 17 by the spokesperson of the World Bank. The World Bank stated via email to Agence France-Presse (AFP) that they are open to helping El

According to a report by UK newspaper Telegraph published on June 19, Trustee Savings Bank (TSB) is preparing to prohibit more than 5.4 million customers from buying cryptocurrencies to protect them from the ‘excessively high’ fraud rates on cryptocurrency trading platforms starting this week. TSB is the latest UK-based bank to crack down on cybercrimes

South Korean crypto investors will be obligated to pay taxes and declare their holdings on all of their overseas crypto assets come January 1, 2022. The mandate was announced yesterday June 3 by the National Tax Service (NTS) on their official website. According to a report by news agency Yonhap, cryptocurrency transactions with an annual

Last Thursday, June 10, the police authority in China arrested over 1,100 people allegedly using cryptocurrency to operate money laundering schemes through telephone calls and online scamming. The Ministry of Public Security said in a statement published on their official website on June 9 that the authorities went through 23 provinces and cities around China

Several Asian governments including China and Korea set up a meeting with the crypto mining industry last June 2 to discuss guidelines and regulations for the use of crypto and taxable crypto income. Reuters reported that China’s Sichuan Energy Regulator office set up a meeting and seminar on crypto mining with local electricity companies and

Financial services firm Square Inc. plans to partner with blockchain technology provider Blockstream Mining to build an open-source, solar-powered Bitcoin mining facility, according to a press release by Blockstream last June 5. Square confirmed the news on Twitter last June 6, stating in their tweet that this team-up shows their ‘commitment to driving further adoption

GCash is looking into adding cryptocurrencies to their current list of financial services in the Philippines. This means supporting major digital assets like Bitcoin, Ethereum, and many more so users can buy and sell on the platform with ease. In an article by local newspaper Philippine Star, GCash CEO Martha Sazon talked about their plans