Binance Korea to Integrate Coinfirm Real-Time AML Monitoring

2020-06-01

Binance Korea will be monitoring activity on its platform for signs of money laundering thanks to a solution developed by Coinfirm. The partnership, announced on Monday, will help Binance’s Korea branch remain compliant with Anti-Money Laundering egulations resulting from the Financial Action Task Force’s Travel Rule. Coinfirm provides a blockchain-agnostic AML platformRead More →

Matic’s Price Crumbles 20% Amid Mainnet Launch

2020-06-01

Decentralized application (DApp) platform Matic Network (MATIC) has successfully launched its mainnet following two and a half years of development. A June 1 blog post published by Matic notes that mainnet will be deployed over a series of phases to “ensure that the mainnet deployment and validator onboarding is achievedRead More →

Bad Crypto News of the Week

2020-05-31

It’s been a strange week for BTC as we move forward in our new mining rewards era. The price ends the week down but a late rally has pushed it back over $9,000. Technical analysts expect Bitcoin to continue rising based on the liquidation range of short positions, a discussionRead More →

South Korea to Start Taxing Bitcoin Profits in 2021

2020-05-31

South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. South Korea’s Ministry of Economy and Finance proposed the amendmentsRead More →

Hong Kong Vending Machines Choose BCH over BTC

2020-05-30

After Roger Ver posted a video of a Hong Kong vending machine accepting Bitcoin Cash (BCH) and not Bitcoin (BTC), trader and YouTuber Tone Vays claimed Ver paid for the vending machine to avoid accepting BTC. Ver denied such claims.  Ver demoed a Honk Kong vending machine accepting BCH Ver,Read More →

China Passes Law Protecting Cryptocurrency Inheritance

2020-05-30

China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have recently ruled that bitcoin and ethereum are properties protected by law. Inherited Cryptocurrencies Protected byRead More →

Top Countries That Tick All the Boxes

2020-05-30

For crypto enthusiasts, choosing a location to live in that supports an ideal lifestyle extends beyond searching for a city with a high number of shops and retail outlets that accept crypto.  Sure, any crypto enthusiast will benefit from living in an area with easy access to crypto-related amenities. However,Read More →

SEC Orders ICO Startup to Return $25.5M to Investors

2020-05-29

The United States Securities and Exchange Commission (SEC) has ordered cryptocurrency firm BitClave to return $25.5 million to investors. In a May 28 announcement, the SEC announced charges against the California-based cryptocurrency startup. The regulator found BitClave to be responsible for selling unregistered securities in its initial coin offering. Chief ofRead More →