Digital Currency Group backs South Korean crypto exchange operator

Digital Currency Group, the venture capital firm behind some of the biggest companies in blockchain, has become the second-largest shareholder of Streami, a leading cryptocurrency exchange operator in South Korea. Barry Silbert, founder and CEO of Digital Currency Group, explained his rationale for backing Streami:“We expanded our investment in…

Continue Reading Digital Currency Group backs South Korean crypto exchange operator

SplytCore Listing on AscendEX

Disclaimer: The text below is a press release that was not written by Cryptonews.com. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the SplytCore Token (SHOPX) under the pair USDT/SHOPX on May 6 at 1:00…

Continue Reading SplytCore Listing on AscendEX

Bitcoin clips $58K as Dogecoin stalls and adoption news fuels bulls

Bitcoin (BTC) touched $58,000 on Thursday as the latest phase of its comeback seemed to come at the expense of altcoins.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin claws back lost limelightData from Cointelegraph Markets Pro and TradingView showed BTC/USD’s return to battle familiar resistance near old all-time highs…

Continue Reading Bitcoin clips $58K as Dogecoin stalls and adoption news fuels bulls

Reserve Proposes Customers to Use Their Business Zelle Accounts to Process Payments – Bitcoin News

Reserve, a fintech and cryptocurrency-related exchange and payment processing app, sent an email yesterday to its customers asking for their help in processing payments by leveraging their personal Zelle accounts to do so. This raised certain alarms in the community, that are now wary of a third-party company…

Continue Reading Reserve Proposes Customers to Use Their Business Zelle Accounts to Process Payments – Bitcoin News

Bitso reportedly becomes Latin America’s first billion-dollar crypto exchange

Mexican cryptocurrency exchange Bitso has concluded a $250 million Series C capital raise, putting it in the upper echelons of Latin America’s fintech industry. The latest investment round gives Bitso a total value of $2.2 billion, making it the first Latin American cryptocurrency exchange to be worth over $1…

Continue Reading Bitso reportedly becomes Latin America’s first billion-dollar crypto exchange

Is China softening on Bitcoin? A turn of phrase stirs the crypto world – Cointelegraph Magazine

They were only two seemingly innocuous words: “investment alternatives.” But when applied to Bitcoin — the seminal cryptocurrency — by an official from the People’s Bank of China in a recent panel discussion, they reverberated like a firecracker.“A remarkable step for BTC,” Lennix Lai, director of financial markets…

Continue Reading Is China softening on Bitcoin? A turn of phrase stirs the crypto world – Cointelegraph Magazine

South Korean Bitcoin miners can deduct electricity costs from crypto tax filings

Crypto investors involved in cryptocurrency mining may enjoy a significant tax break when the country’s virtual currency tax regime commences in 2022.According to a report by Pulse News, South Korea’s Ministry of Economy and Finance on Wednesday announced additional details of the country’s impending crypto tax law which…

Continue Reading South Korean Bitcoin miners can deduct electricity costs from crypto tax filings

German Regulator Refuses to Budge in Binance Stock Token Dispute

Source: Instagram, Binance The Federal Financial Supervisory Authority (BaFin), the German financial markets regulator, has turned down a plea from the crypto exchange giant Binance to remove warnings about stock or inventory tokens – coins meant to represent shares in American stock market-listed firms. BaFin last month posted…

Continue Reading German Regulator Refuses to Budge in Binance Stock Token Dispute