Bakkt, a Bitcoin futures market operated by ICE, the parent company of the New York Stock Exchange (NYSE), is close to receiving a green light from the U.S. government. As CCN reported on December 21, Bakkt has been working with the Commodities and F
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Facebook Developing Cryptocurrency for WhatsApp Transfers Amidst Another Privacy Scandal
According to sources, Facebook is developing a cryptocurrency that would enable money transfers to be done through its messaging app WhatsApp. As stated in the publication by Bloomberg, the company is working on a stablecoin pegged to the US Dollar t
South Korean Bitcoin Exchange Upbit Denies Fraud Allegations as Executives are Formally Charged
South Korea's top financial regulator has formally filed fraud charges against executives of one of the Asian country's biggest cryptocurrency exchanges. Three senior executives of Upbit including the founder Song Chi-Hyung were charged with
Bitcoin Found Solid Bottom at $3K But Not Ready to Break $5K Yet
Since December 17, within four days, the Bitcoin price recovered from $3,181 to $4,073 by 28 percent on most major fiat-to-crypto exchanges. But, on a 30-day basis, the value of the dominant cryptocurrency still remains down about nine percent from $
Coinbase Expands Trading Platform Across Six Additional European Markets
Coinbase has announced news it has launched its services across six additional European markets as part of an aggressive expansion. The market-leading crypto exchange is planning a more aggressive approach in 2019 by pushing the boundaries in excitin
HMRC Releases Tax Guidelines on Digital Assets
Her Majesty's Revenue and Customs, the tax agency for the United Kingdom, has released a set of guidelines that are to guide crypto investors on how to make tax payments and how they should see their digital assets. The updated guidelines were dr
Bermuda Issues Draft Cryptocurrency Custody Rules
The financial services regulator of Bermuda, the Bermuda Monetary Authority (BMA), is inviting comments on a draft Code of Practice for Digital Asset Custody that it has released. The purpose of the code of practice is to offer protection to the publ
VC : Bitcoin Institutional Infrastructure Only Getting Stronger, Look at Yale
Spencer Bogart, a partner at major cryptocurrency venture capital firm Blockchain Capital, said that the institutional sector of Bitcoin is only getting stronger. Although the valuation of the cryptocurrency market has dropped by 85 percent since ach
Brazilian Supermarket Chain Starts Accepting Cryptocurrency Payments
Oásis Supermercados, a Brazilian supermarket chain located in Rio de Janeiro, has recently started accepting cryptocurrency payments after asking a local exchange for information, and training its employees on how to do it. According to local news ou
Ohio’s Bitcoin Tax Payment Plan Is a Gimmicky ‘PR Stunt,’ Say Skeptics
Ohio’s recent decision to allow businesses to pay taxes using bitcoin has fueled criticism that the move is a gimmicky “PR stunt” that’s impractical and unsustainable. Skeptics say bitcoin’s volatile price fluctuations a