Day: September 26, 2020

Russia Proposes Harsh Penalties for Unreported Cryptocurrency Holdings

2020-09-26 By admin

Russia’s Ministry of Finance has drafted a bill with harsh penalties for anyone who does not report their cryptocurrency holdings above a certain level. Penalties include jail terms and fines. New Russian Crypto Bill The Russian Ministry of Finance has sent out a new draft bill addressing the circulation of cryptocurrency in Russia to interested […]

US Federal Reserve Actively Working on Digital Dollar

2020-09-26 By admin

The Federal Reserve Board of Governors and several Federal Reserve Banks are actively working on the digital dollar. Legislation has proposed that each American could have an account at the Fed for transacting in the central bank digital currency. Several Digital Dollar Initiatives The president of the Federal Reserve Bank of Cleveland, Loretta J. Mester, […]

Kucoin Hacked for $150 Million in Bitcoin; Bitfinex and Tether Freeze $33 Million of the Stolen Funds

2020-09-26 By admin

Cryptocurrency exchange Kucoin may have been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Singapore-based exchange confirmed the September 25 security breach, but did not disclose the amount stolen. “Bitcoin, ERC-20 and, other tokens in Kucoin’s hot wallets were transferred out of the exchange,” said Kucoin in an update on Saturday. Meanwhile, […]

The CFTC Files Complaint Against Crypto Trading Company

2020-09-26 By admin

The United States Commodity Futures Trading Commission (CFTC) on Thursday, September 24, filed a complaint against crypto dealing Paxforex for allegedly soliciting or accepting business from US customers without relevant registration. According to a report, the CFTC wants a U.S. court to stop Paxforex from continuing with the “unlawful acts and practices,” as well as […]

Crypto Exchange Binance Blacklisted by Russia’s Telecom Censorship Agency

2020-09-26 By admin

Russia’s telecom regulator Roskomnadzor has added Binance, the world’s largest crypto exchange, to the list of blacklisted websites in the country. The exchange was blacklisted on June 2, 2020, but Binance became aware of this only on September 24th, after receiving communication from Roskomnadzor. In an announcement on its Russian Telegram channel, Binance said it […]

A Mega DeFi Project Buy-Sell (BSE) ILO Presale Will Start Today

2020-09-26 By admin

The cryptocurrency space in recent times has seen and experienced a drastic and exponential growth, this is a result of decentralized finance (DeFi) which has taken an entirely new dimension and has attracted lots of positive attention around it. As at the time of writing, the total DeFi market capitalization is over $14B. This shows […]

Bitgo Plans to Launch Wrapped Bitcoin on the Tron Blockchain

2020-09-26 By admin

Soon there will be another network that allows people to tokenize BTC in order to leverage the underlying blockchain’s speed and fees. On September 24, Bitgo, the custodian of the Wrapped Bitcoin project (WBTC), the most popular tokenized BTC platform to-date, announced a partnership with Tron. Members of the crypto ecosystem will soon be able […]