BLOCKCHAIN

Coinone Exchange Partners With Two Firms for Improved Safety Measures

[ad_1] Major South Korean cryptocurrency exchange Coinone has partnered with cybersecurity audit company CertiK and disclosures company Xangle to provide more safety and transparency for their crypto investors.Coinone shared news of the recent partnerships in an announcement on Aug. 7. According to their announcement, CertiK and Xangle will provide public disclosure information as well as smart contract audit information, respectively.For Xangle, the report states that their disclosures will provide protection
Business

New Jersey Issues Stop Orders to Two ICOs in Operation Cryptosweep

[ad_1] The Bureau of Securities in New Jersey has issued two emergency orders to the companies Zoptax and Unocall to end their initial coin offerings (ICOs). The Bureau alleges that the token offerings qualify as fraudulent unregistered securities offerings.The Office of the Attorney General in New Jersey announced the Bureau's orders in a news release on Aug. 7. In the case of Zoptax, the report states that the company is
Business

Around 300 Addresses Contain 80% of Tether Supply

[ad_1] The Massachusetts-based crypto market research firm Coin Metrics says that 318 addresses hold at least $1 million worth of Tether (USDT), comprising 80% of the global Tether supply.Bloomberg reported the company’s finding in a report on Aug. 7. Coin Metrics co-founder Nic Carter additionally mentioned that some of the USDT whales include major crypto exchanges, such as Binance and Bitfinex.The report additionally notes that this is staggeringly different from
BLOCKCHAIN

Cryptocurrency Lender Dharma to Postpone Accepting New Deposits and Loans

[ad_1] San Francisco-based crypto lender Dharma has decided to pause new deposits and loans on its platform. Dharma announced their decision in a series of official Twitter posts on Aug. 7. Their second tweet in the series reads:“For now, we're pausing new deposits and loans in Dharma. If you have an existing deposit or loan with Dharma, you'll still be able to access your account and will have the option to
Business

Too Soon to Call Bitcoin a Safe Haven

[ad_1] Brian Belski, chief investment strategist at the investment banking company BMO Capital Markets, said that he thinks it is premature to call Bitcoin (BTC) a safe haven from economic turmoil.Belski shared his views on Aug. 7 on CNN Business show Markets Now, where he said:“Bitcoin has been excessively volatile, especially the last couple of years. It’s the sexy kind of thing to go to now. I don’t base my
EXCHANGES

Cryptophyl.com Launches Dedicated Exchange for SLP Tokens and BCH

[ad_1] The team behind the former cryptocurrency exchange Voltaire recently announced the launch of a new trading platform specifically designed for Simple Ledger Protocol (SLP) tokens. Three weeks ago the new exchange called Cryptophyl.com launched its trading engine and the first SLP token supported is the community-driven Spice token. Also Read: New Liberty Dollar Founder Subpoenaed in the Billion-Dollar Bitcoin Lawsuit Meet Cryptophyl.com: A Crypto Exchange Dedicated to SLP Tokens
Business

Dark Market Drug Dealers Plead Guilty, Forfeit Crypto Proceeds

[ad_1] A couple operating out of Merced, California have pleaded guilty to selling drugs on the dark web in exchange for cryptocurrencies, including Bitcoin (BTC) and Bitcoin Cash (BCH).The United States Department of Justice announced the charges in a press release on Aug. 6. According to the announcement, Jabari Monson has pleaded guilty to conspiring to distribute controlled substances, while Saudia Monson plead guilty to violating the Travel Act. Saudia
EXCHANGES

U.S House of Representatives Introduces New Crypto Tax Bill

[ad_1] United States House of Representatives has introduced a tax bill seeking to allow the exclusion of gain or loss on like-kind exchanges of virtual currency. Rep. Ted Budd (NC-R) introduced a bill which is called the “Virtual Value Tax Fix Act of 2019” on July 25 and referred to the Committee on Ways and Means. Treating Crypto to Crypto Exchange Like Property This new bill is an amended version
Business

Crypto Tax Bill Introduced in the US House of Representatives

[ad_1] A tax bill seeking to allow the exclusion of gain or loss on like-kind exchanges of virtual currency has been introduced in the United States House of Representatives.To amend the Internal Revenue Code of 1986The bill dubbed the “Virtual Value Tax Fix Act of 2019” was initially introduced by Rep. Ted Budd (NC-R) on July 25 and referred to the Committee on Ways and Means. The bill seeks to
Business

Crypto Startups Still Raising Millions in Capital Despite ICO Decline

[ad_1] In late July 2019, Sony Financial Ventures joined a $14.5 million funding round for Bitcoin (BTC) bank Bitwala. Back in 2017 and 2018, such a figure might not have made many headlines, as crypto startups were raking in hundreds of millions of dollars in initial coin offerings (ICOs).The ICO boom has, however, stalled significantly, with fundraising figures for 2019 a far cry from the massive amounts earned by projects