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Danish Tax Authority Follows IRS Route, Sends Letters to 20,000 Cryptocurrency Investors (insidebitcoins.com) 12/12/2019 - 7:22am
The tax authorities of Denmark recently sent letters to over 20,000 cryptocurrency investors in the country asking them to file their tax returns. The regulator has asked them to pay taxes on gains on cryptocurrencies or get ready to face penalties. What does the tax agency demand? The Danish tax authority, Skattestyrelsen, asked crypto investors...
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Kraken Joins in on Tezos Staking Options Craze (insidebitcoins.com) 12/12/2019 - 6:09am
Kraken, one of the largest crypto exchanges the world has to offer, will be launching its staking support for the Tezos cryptocurrency quite soon. Self-amending and Open Source Tezos, one of the world’s most popular cryptocurrencies operating on the Proof-of-Stake system, was built as a general-purpose, open-source blockchain. What’s important to...
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SEBA Crypto Bank Spreads to 9 More Countries (insidebitcoins.com) 12/12/2019 - 5:12am
The Switzerland-based cryptocurrency bank, SEBA, has expanded to nine new countries after only a month of being in full operation. Spreading Across the World Through a statement shared to the press, SEBA let the news go public. The firm stated that both institutional clients and companies within Hong Kong, Singapore, Italy, the UK, France, Germany...
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BitMEX Bitcoin Derivatives Platform Adds Segwit Withdrawals (insidebitcoins.com) 12/12/2019 - 1:59am
BitMEX has recently made an announcement regarding new additions to one of the largest Bitcoin derivative-based exchange platforms there is. BitMEX will now introduce support for Bitcoin Bech32 ...
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SEC Chairman Commends Regulator’s Meticulous Approach to Cryptocurrencies  (insidebitcoins.com) 12/11/2019 - 4:42pm
The United States Securities and Exchange Commission (SEC) has been infamously unfriendly to the crypto space, as many see it as being overbearing. However, its officials believe that this hasn’t been the case so far. In a hearing before the Senate Committee on Banking, Housing, and Urban Affairs on December 10, SEC chairman Jay Clayton maintained...
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Danish Tax Authority Seeks Crypto Traders’ Information to Build Tax Policy  (insidebitcoins.com) 12/11/2019 - 4:35pm
Denmark is looking to reconcile its cryptocurrency and financial industries, as the government is hoping to attack industry performers who are defrauding it. According to sources familiar with the matter, Skattestyrelsen (Skat), the tax agency for the Scandinavian country, has begun to send letters to crypto traders, asking them to provide full...
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Nike Patents Blockchain System To Track Its Shoes (insidebitcoins.com) 12/11/2019 - 11:25am
Nike Inc, the footwear giant based in Oregon, USA, has recently requested and was subsequently awarded a blockchain patent through the US Patent and Trademark Office. With this new patent, Nike will be capable of creating digital versions of its various brands of shoes. A Patent for the Footwear Giant The US Patent and Trademark Office published...
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SEC Chairman Commends Regulator’s Meticulous Approach to Cryptocurrencies (insidebitcoins.com) 12/11/2019 - 11:10am
While some progress has been made on the ability of investors (particularly, institutions) to trade and invest in cryptocurrencies, the SEC has gotten a lot of flack for consistently rejecting ...
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Danish Tax Authority Seeks Crypto Traders’ Information to Build Tax Policy (insidebitcoins.com) 12/11/2019 - 11:10am
Denmark is looking to reconcile its cryptocurrency and financial industries, as the government is hoping to attack industry performers who are defrauding it. According to sources familiar with ...
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Ripple Price Prediction: XRP/USD Consolidates, but Cage at First Resistance (insidebitcoins.com) 12/11/2019 - 10:55am
XRP Price Analysis – December 11 In the XRP/USD pair, the coin faces resistance at the $0.23, while it falls and finds support at $0.22. In the case of XRP/BTC pair, the coin traded and was resisted twice at Ƀ0.00003800 while it fell to a low of Ƀ0.00003000. XRP/USD Market Key Levels: Resistance levels: $0.24, $0.26, $0.28 Support levels: $0.22, $...
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FinCEN Witnesses Increase in Suspicious Activity Reports Related to Cryptocurrencies (insidebitcoins.com) 12/11/2019 - 8:33am
Director of Financial Crimes Enforcement Network (FinCEN) Kenneth Blanco said that the agency has witnessed an increased number of suspicious activity reports (SARs) in the crypto sector. What led to the increase? The number of reports has increased after a May guidance by the agency that explained how the Banking Secrecy Act applies to the crypto...
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Bitcoin Price Prediction: BTC/USD May Drop Below $7,000 as the Coin Faces Price Rejection (insidebitcoins.com) 12/11/2019 - 8:19am
Bitcoin (BTC) Price Prediction – December 11 Bitcoin is making a gradual decline to the previous low of either $6,800 or $7,000. The pair risks further depreciation if it breaks the low of $6,800. BTC/USD Long-term Trend: Bearish (Daily Chart) Key Levels: Resistance Levels: $8000, $9000, $10000 Support Levels: $7000, $6000, $5000 BTC/USD – Daily...
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CME’s Futures Used To Track Bitcoin Price For French Fund, Napoleon AM (insidebitcoins.com) 12/11/2019 - 8:07am
The France-based asset management firm, Napoleon AM, has recently launched a new crypto fund. This fund is tied to the Chicago Mercantile Exchange, in particular its cash-settled Bitcoin Futures. Professional France-Only Trading The fund, aptly named the “Napoleon Bitcoin Fund” started its trading less than a week ago on the 6th of December. The...
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Binance.US In Consideration of Listing NEM, Tezos, TRON, and Ontology (insidebitcoins.com) 12/10/2019 - 11:06pm
In particular, Binance.US is setting its sights on 18 new forms of cryptocurrency to list within its exchange. Binance.US launched during the month of September this year. The cryptocurrency ...
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Chinese Bank to Issue $2.8 Billion in Blockchain-Based Bonds (insidebitcoins.com) 12/10/2019 - 8:13pm
Currently, Bitcoin and Facebook’s Libra stablecoin can process 4.6 and 1,000 transactions in a second. PayPal and VISA, two popular payment portals, can process 40,000 and 1,700 transactions, ...
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New e-Transfer Law in Greece Favors Bitcoin (insidebitcoins.com) 12/10/2019 - 6:17pm
The Greek government is introducing new FinTech policies, which will help it to fight tax evasion and improve its citizens’ adoption of electronic payments. This, however, could work out for the good of Bitcoin. According to a December 9 report from the Sydney Morning Herald, the government of the European country is on the verge of implementing a...
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Ledger Places its Founders on Administrative Leave Following Tussle with U.S Regulator (insidebitcoins.com) 12/10/2019 - 5:42pm
Ledger Holdings Inc., the parent company of cryptocurrency derivatives exchange company LedgerX, has placed two of its founders on administrative leave effective immediately. According to a December 9 press release , the company and its board of directors announced that the executives, whose names are Paul and Juthica Chou, will immediately be...
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China Crypto Insider Lifts Lid On What’s Really Going on in Beijing (insidebitcoins.com) 12/10/2019 - 10:14am
There has been a lot of news out of China in recent weeks buffeting the markets – both to the upside and downside. The “Xi put” in the shape of President Xi Jinping’s blockchain-friendly pronouncements in November got the juices going. And yesterday we heard that the People’s Bank of China is supervising the rollout of a yuan-backed digital...
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OKEx to Leave the CME Group Behind, Will Launch Bitcoin Options in December (insidebitcoins.com) 12/10/2019 - 7:49am
OKEx, one of the largest cryptocurrency exchanges in the world, is planning to take the CME Group (Chicago Mercantile Exchange) head-on. The exchange recently announced that it would launch Bitcoin options trading on its platform this month, slightly earlier than CME. Institutional demand rising The Malta-based company said that it is launching...
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Ripple Price Prediction: XRP/USD Faces a Crucial Support After Touching $0.230 Resistance Level (insidebitcoins.com) 12/10/2019 - 7:16am
XRP Price Analysis – December 10 Ripple price is facing an increase in selling pressure below the $0.228 resistance against the US dollar. XRP/USD Market Key Levels: Resistance levels: $0.240, $0.250, $0.260 Support levels: $0.210, $0.200, $0.190 XRPUSD – Daily Chart Ripple price is slowly declining below key supports against USD. XRP/USD price...
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Bitcoin Price Prediction: BTC/USD Gradually Sinks and Unable to Sustain Buying Power (insidebitcoins.com) 12/10/2019 - 6:16am
Bitcoin (BTC) Price Prediction – December 8 Presently, Bitcoin is facing resistance at $7,600. The coin is falling probably to the low of either $6,800 or $7,000. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $8000, $9000, $10000 Support Levels: $7000, $6000, $5000 BTC/USD – Daily Chart With respect to the last...
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Litecoin Price Prediction: LTC/USD Faces Selling Pressure, Would That Continue? (insidebitcoins.com) 12/10/2019 - 5:46am
Litecoin (LTC) Price Prediction – December 8 Litecoin fluctuates at the bottom of the chart between the levels of $42 and $50. The pair may face further selling if the low at $42 is breached. LTC/USD Long-term Trend: Ranging (Daily Chart) Key Levels: Resistance Levels: $80, $100, $120 Support Levels: $50, $40, $20 LTCUSD – Daily Chart There has...
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JPMorgan’s IIN Receives Interest from 80-Plus Japanese Banks (insidebitcoins.com) 12/10/2019 - 5:05am
This network allows member banking firms to exchange information in regards to international payments done on Quorum, JPMorgan’s native blockchain platform. Several big names within the ...
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Lithuania To Issue Collectible Crypto Coins In 2020 (insidebitcoins.com) 12/10/2019 - 3:51am
Lithuania is one of the many countries in Europe that sees fintech and crypto as a means to establish itself in terms of economic power. To further push this agenda, Lithuania will be issuing collectible crypto coins, dedicated to the 1918 Act of Independence, and will feature the 20 signatories of that historic day. In Honor of Independence The...
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Bitcoins Trade Volumes in Argentina Hit New ATH on LocalBitcoin (insidebitcoins.com) 12/10/2019 - 1:04am
Just like quite a lot of other countries on its continent, Argentina has a lot that Bitcoin could help it with. Thankfully, a lot of the country’s citizens have noted this, and are beginning to adopt it. Adoption on the Rise Fresh data from market aggregator Coin Dance has shown that the volume of Bitcoin traded on popular peer-to-peer...
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Bakkt Rolls Out Bitcoin Options and Cash Settled Futures for Institutional Investors  (insidebitcoins.com) 12/10/2019 - 12:30am
Popular cryptocurrency institutional investment firm Baktk has announced that it will be launching new Bitcoin options and futures. The launch, which is coming just a few months after its physically-delivered Bitcoin futures contracts went live, was confirmed in a blog post that was published on December 9. There, Bakkt claimed that the products,...
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Sweden Approves Crypto Firm Amun AG, Allowing EU Trading (insidebitcoins.com) 12/09/2019 - 10:55pm
Among Amun’s achievements is an ETP dedicated to the heavyweight exchange of Binance’s namesake cryptocurrency, the Binance Coin. It launched on the Swiss Stock exchange, or SIX, back in October of ...
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