Crypto News

Japan Not Considering Approval of Bitcoin ETF, FSA Denies Reports

According to a spokesperson from the Financial Services Agency (FSA), Japan is not considering the approval of a Bitcoin exchange-traded fund (ETF). Speaking to Bitcoin.com, an FSA representative said: There is no such fact that we are considering approving ETFs which track crypto-assets at present. We are not currently considering approving them. Japan Doesn’t See […]

Crypto News

Brazil Tax Authority Orders Crypto Exchanges to Provide Monthly Reports

Brazil’s tax regulator, the Department of Federal Revenue, is requiring local cryptocurrency exchanges to report their operations on a monthly basis in order to verify tax compliance and improve the country’s fight against money laundering and corruption. Brazillian Cryptocurrency Exchanges to Report Monthly Trading Data to Authorities Citing the examples of Australia and South Korea, […]

Crypto News

Contradicting Reports, $8 Billion Coinbase Won’t Go Public Anytime Soon

Advertisement Twitter Facebook Contradicting a report from CNBC Africa’s Ran NeuNer, a top Coinbase executive said that the cryptocurrency industry giant will not go public anytime soon. Speaking with Bloomberg, Coinbase President & COO Asiff Hirji shot down rumors that the San Francisco-based cryptocurrency exchange, brokerage, and custodian is preparing to list its shares on […]

Crypto News

Bitfinex Strikes Back at ‘FUD’ over Phantom Tether Trading Volume Reports

Advertisement Cryptocurrency exchange Bitfinex is striking back at reports that it is publishing fake tether (USDT) trading volume, calling those allegations the latest “not-so-brilliant example of anti Bitfinex/Tether FUD.” The Curious Case of Bitfinex’s USDT/USD ‘Trading Pair’ The allegations stem from curious data published on cryptocurrency data aggregation site CoinMarketCap related to a supposed USDT/USD […]

Bitcoin

China Wants To Stop Anonymous Blockchain Use: Reports

New cybersecurity rules currently out for public consultation in China would notionally force users to provide their real identity to use any kind of Blockchain-based service. Blockchain? You’ll Need Your Name And ID As South China Morning Post (SCMP) reports quoting local media sources, the Cyberspace Administration of China is currently seeking feedback on the proposals, […]

Bitcoin

Lawmakers Ask IRS For Clarity on Crypto Tax Reports, Better Regulating Industry

Lawmakers from the United States House of Representatives have issued an open letter to the Internal Revenue Service (IRS), requesting additional clarity on tax laws surrounding crypto such as Bitcoin and Ethereum. The open letter was addressed to acting IRS commissioner, the honorable David Kautter on behalf of Congressmen David Schweikert (R-AZ), Brad Wenstrup (R-OH), […]

Bitcoin

10,000%: Pantera Reports Massive 5-Year Crypto Investment Return

Cryptocurrency investment firm Pantera Capital reported a more than 10,000 percent lifetime return on Friday, coming five years after its formation. In an email, co-chief investment officers Dan Morehead (who is also CEO) and Joey Krug shared the figure as they celebrated the fund’s fifth anniversary. Perhaps unsurprisingly, they’re still bullish about bitcoin, particularly in […]