Financial Industry News
Max Boonen is founder and CEO of crypto trading firm B2C2. This post is the second in a series of three that looks at high-frequency trading in the context of the evolution of crypto markets (you can see the first here). Opinions expressed within are his own and do not reflect those of CoinDesk. The following article […]
Continue ReadingThe Portugal Tax Authority (PTA) announced last month that cryptocurrency trading and payments in crypto would not be subject to value-added tax (VAT). According to the announcement, cryptocurrency payments that are subject to the provision of services under Article 9 (27) (d) of Portuguese tax law are exempt from VAT. This applies only to individuals, […]
Continue ReadingFriday, Sept. 20 — The price of Bitcoin (BTC) remains largely uninspired and is once again trading sideways around the $10,200 price mark. Market visualization. Source: Coin360 Although BTC is back at trading sideways, Fundstrat Global Advisors co-founder Tom Lee expects this to change with the coming launch of Bakkt and is positive on its […]
Continue ReadingSouth Korean cryptocurrency exchange Upbit announced that it will cease trading support for six cryptocurrencies, including some so-called privacy coins. Block the possibility of money laundering In a Sept. 20 notice, UpBit announced that the exchange will delist and cease trading support for Monero (XMR), DASH, ZCash (ZEC), Haven (XHV), BitTube (TUBE) and PIVX by […]
Continue ReadingFor the past year many participants within the crypto markets have been looking towards the official launch of Bakkt as a potential event that will on-board a significant amount of institutions to the crypto markets, therefore catalyzing the next major Bitcoin bull movement. Now, the markets are only a few days away from the launch […]
Continue ReadingLong Blockchain Corp., previously named Long Island Iced Tea, has reached a definitive agreement to sell its beverage subsidiary, Long Island Brand Beverages. Lemonade company adds blockchain to its name In a Sept. 20 press release, Long Blockchain announced the sale of its beverage subsidiary to Canadian firm ECC2 Ventures. Andy Shape, CEO of Long […]
Continue ReadingA cryptocurrency entrepreneur has been charged with extorting an unnamed, Seattle-based digital asset startup. Steven Nerayoff stands accused of threatening to “wreck the company” should the firm not meet his demands of more than $8 million. Nerayoff was reportedly brought on by the company as an advisor to help form partnerships and attract investors. He […]
Continue ReadingAnother cryptocurrency exchange has delisted a slew of privacy coins following recent regulatory requirements from the international body the Financial Action Task Force (FATF). According to a notice from Korea exchange Upbit, transaction support for monero (XMR), dash (DASH), zcash (ZEC), haven (XHV), bittube (TUBE), and PIVX (PIVX) will end Monday, September 30. At the […]
Continue ReadingBitMEX CEO and co-founder Arthur Hayes says traditional traders may lose their lunch breaks and weekends as digital finance is going to change everything, including workplaces. Cryptocurrencies trade 24 hours a day, seven days a week In a Sept. 19 article by Bloomberg, Hayes noted that cryptocurrencies trade 24 hours a day, seven days a […]
Continue ReadingAfter incurring a sudden influx of buying pressure that sent Bitcoin’s price surging to highs of nearly $10,500, BTC has been unable to maintain its upwards momentum and has now retraced back towards its key support level at $10,000. Bitcoin’s fundamental strength has remained strong in spite of this lackluster price action, which may be […]
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