ICO Crackdown: 11 Class-Action Lawsuits Filed Against Cryptocurrency Companies

A number of class-action lawsuits have been filed against various digital asset firms and exchanges on Friday. The U.S.-based “litigation boutique,” Roche Cyrulnik Freedman, filed the lawsuit for three plaintiffs in the Southern District of New York. All three lawsuits claim that organizations like the Tron Foundation, Bitmex, Binance, Bibox and Block.one allegedly sold unregistered […]

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Russian Official: Cryptocurrency Bill Completed — Effects on Payments, Exchanges, Miners

Russian Official: Cryptocurrency Bill Completed — Effects on Payments, Exchanges, MinersThe chairman of the Russian State Duma Committee on Financial Markets has confirmed that the bill which provides the regulatory framework for cryptocurrencies in Russia has been completed. The official explained key features of the bill, including how cryptocurrency exchanges and miners will be regulated. However, the bill’s adoption has been delayed due to the […]

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23 Approved Cryptocurrency Exchanges in Japan — Number Rises Amid Pandemic

23 Approved Cryptocurrency Exchanges in Japan — Number Rises Amid PandemicDespite the global coronavirus pandemic, Japan continues to approve more cryptocurrency exchanges to legally operate in the country. The latest one was approved on Monday, bringing the total number of legal crypto exchanges in Japan to 23. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It First Approved Crypto […]

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400 Kraken Survey Respondents Predict Bitcoin Price Will Surpass $22K in 2020

400 Kraken Survey Respondents Predict Bitcoin Price Will Surpass $22K in 2020San Francisco-based exchange Kraken conducted a poll that stems from the responses of 400 “VIP” cryptocurrency traders. Despite the current economic climate, surveyed participants indicate they still believe the cryptoconomy is in a “bull market.” Moreover, Kraken’s survey respondents think BTC prices will touch a new all-time high at $22,866 per coin. Also read: 2x […]

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Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation

Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights RegulationFollowing the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for trademark registration, reportedly listing over 20 crypto services on its application. Also read: 2x Bitcoin — Wanna Double […]

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Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to Rectify

Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to RectifyDespite the Indian supreme court quashing the central bank’s ban on crypto, some major banks, including HDFC and Indusind Bank, are still arbitrarily declining to process crypto transactions. Banks say they are waiting for instructions to lift the ban from the Reserve Bank of India (RBI). Also read: Bitcoin Legal in India — Exchanges Resume […]

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Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits

Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto ProfitsAustralian tax agents have set out to close a gap they say costs the state several billion dollars. Taxpayers who file various work-related claims and investment property deductions or declare income from sharing economy platforms such as Uber and Airbnb may be asked for explanations and receipts. Investors and traders earning income from cryptocurrencies are […]

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Global Investments Into Indian Crypto Sector Surge After Supreme Court Lifts Ban

Global Investments Into Indian Crypto Sector Surge After Supreme Court Lifts BanIndia has become increasingly attractive to new crypto businesses and investors from all over the world now that the supreme court has lifted the banking ban. Some companies are expanding operations into the Indian market while others are investing in the country’s crypto ecosystem. Also read: Bitcoin Legal in India — Exchanges Resume INR Banking […]

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CoinTracking.info Helps Crypto Traders Avoid Costly Tax Mistakes

CoinTracking.info Helps Crypto Traders Avoid Costly Tax MistakesCoinTracking.info, the world’s most popular cryptocurrency tax software, is announcing the launch of a new service aimed at helping crypto traders avoid a common tax-time mistake: submitting incomplete or incorrect data to the IRS.

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Crypto Bulls Roadshow Coming to Over 15 Indian Cities — With Government Participation

Crypto Bulls Roadshow Coming to Over 15 Indian Cities — With Government ParticipationIndia’s Crypto Bulls Roadshow, a nonprofit initiative to prepare India for the next bull run, is coming up, and government organizations are joining the drive. Currently, 15 cities in India are planned for but more may be added based on demand. There is no fee to participate in the roadshow and there will be online […]

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