Australian Tax Office says it can't rely on crypto users' own records

“Our main concern is that many taxpayers believe their cryptocurrency gains are tax-free or only taxable when the holdings are cashed back into Australian dollars,” said the ATO commissioner.

Deterring adoption? Balancing security and innovation in crypto

Security processes are necessary to protect crypto users but regulators may force companies to adopt processes that stifle innovation. The cryptocurrency space moves rapidly, so much so that every year, there’s a new trend: from initial coin offerings (ICOs) to nonfungible tokens (NFTs) only a few years have passed.

Binance ’s Road To Compliance Continues With A List Of Rights For Crypto Users

After a few scares, Binance ’s offensive moves start.

A quarter of Aussie crypto users plan to buy crypto Christmas gifts: Survey

Crypto under the Christmas tree? A recent survey found that more than a quarter of Aussie crypto users plan to buy crypto-centric gifts this festive season. More than a quarter of Australian crypto users surveyed in October plan to use digital assets as a part of their Christmas presents this holiday season.

Binance Publishes a List With 10 Fundamental Rights of Crypto Users

With the ongoing regulatory scrutiny against Binance, the company has published a document in regards to what it believes should be done.

Overleveraged Traders Flushed Out, 'Bullish Market Structure Intact'

The crypto market saw heavy selling across the board today in a deleveraging event that followed the signing of a new infrastructure bill that targets crypto users in the US, and signals from Twitter that the company is not looking to buy bitcoin (BTC) at the moment....Read More: Overleveraged Traders Flushed Out, 'Bullish Market Structure Intact'

Binance Releases Bill of Rights for Crypto Users

Changpeng Zhao (CZ), CEO of major crypto exchange Binance, said that the firm aims to set up headquarters and regional offices around the globe in a move to shift away from a "technology company to a financial services company." Along those lines, the exchange published a 'crypto bill of rights'....Read More: Binance Releases Bill of Rights for Crypto Users

Binance Publishes Bill of Rights for Crypto Users

Binance published a list of what it says should be basic rights for crypto users.

Reddit to reportedly tokenize karma points and onboard 500M new users

Reddit engineer, Rahul, highlights the social media platform's efforts to improve user interaction through various cryptocurrency initiatives. American social media giant, Reddit, may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer.A series of tweets made by Reddit engineer, Rahul, highlights Reddit’s efforts to improve user interaction through various cryptocurrency initiatives.

Actor Matt Damon plugs Crypto​.com in global TV spot

The actor said the platform “shares [his] commitment to empowering people around the globe with the tools needed to take control of their futures.” Cryptocurrency exchange Crypto.com is rolling out a new ad featuring Hollywood star Matt Damon, which it plans to introduce to consumers worldwide.The “fortune favors the brave” ad, starring Damon amid a digital landscape of historic figures, including the Wright brothers and Sir Edmund Hillary, is aimed at reaching a global audience of potential crypto users and investors.

Binance Smart Chain (BSC) Receives $1 Billion to Bring the Next 1 Billion Crypto Users

Binance, the world’s leading blockchain ecosystem and cryptocurrency platform, has launched a $1 billion Growth Fund for Binance Smart Chain, to accelerate adoption of digital assets and blockchain technology.

Binance to Pump USD 1B Into Its Chain, Aims for Billion Users

arget="_blank" rel="noopener noreferrer" href="https://www.newswire.ca/news-releases/binance-launches-1-billion-binance-smart-chain-bsc-fund-to-increase-global-crypto-users-to-1-billion-862993651.html">Per the press release, the platform has launched a USD 1bn Crypto Mass Adoption Fund for BSC, ...

Google Partners With Bakkt to Bring Google Pay to Crypto Users

Bakkt forms yet another partnership to expand cryptocurrency payment options.

North Korea Is Targeting Crypto Users with Spear-Phishing Attacks, Says UN

nce that Pyongyang-linked hackers and state-sponsored crypto thieves are “primarily using social media platforms to identify targets and attempt initial contact” with crypto holders.Rather than spamming a broad range of targets with generic emails that invariably end up in junk folders, the U...

Robinhood launches 24/7 phone support, crypto users included

An influx of new users to the trading app and high demand for crypto products had previously resulted in longer customer service wait times. Popular trading app Robinhood announced Tuesday that it has launched round-the-clock phone support to better serve its ever-growing userbase, including the millions of users who’ve signed up to access cryptocurrency investments. Users of the app will now be able to speak with a live customer service representative 24 hours a day, seven days a week, regardless of holidays.

Crypto Users Stand at 300M, Representing Nearly 3.7% of the Global Population

Crypto adoption continues to experience an uptick, given that users are currently at the 300 million mark.

6 Ways to Earn Passive Income with Crypto

m/coins/">other digital assets is to deposit them into a centralized lending platform. While most experienced crypto users recommend avoiding depositing crypto with third-party providers, the user-friendliness of CeFi (centralized finance) lending platform has led to billions of doll...

Thailand to Develop ‘Cryptourism,’ Considers Issuing Utility Token

In search of ways to heal its travel industry, hurt by the pandemic, Thailand is now recognizing an opportunity to tap into a growing market of cryptocurrency holders.

CoinMarketCap, CoinGecko, TradingView Blocked in China after Toughened Cryptocurrency Clampdown

Millions of crypto users in China suddenly found themselves unable to access TradingView, CoinMarketCap, and CoinGecko, a time the country renewed its fresh crackdown on crypto assets.

Coinbase Adds Direct Paycheck Deposit Feature into Crypto Accounts

Coinbase is launching a new feature on its platform that aims to bring one step closer to being de-factor bank accounts for its crypto users.

eToro Commits $1M Stake to GoodDollar Universal Basic Income Project

[PRESS RELEASE – Tel Aviv, Israel, 22nd September 2021] eToro, a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of investors, announced today that it is reinforcing its commitment to opening the digital economy to the next billion global crypto users by this week by […]

eToro Commits $1 Million Stake to GoodDollar Universal Basic Income Project

September 22, 2021 – Tel Aviv, Israel eToro, a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of investors, announced today that it is reinforcing its commitment to opening the digital economy to the next billion global crypto users this week by raising its stake […] The post eToro Commits $1 Million Stake to GoodDollar Universal Basic Income Project appeared first on The Daily Hodl.

PureVPN Can Help Crypto Users Stay Secure and Access International Exchanges

Crypto users access their wallets and exchanges day in and day out and making sure it remains secure is one of their top concerns.

US Infra Bill Provision May Force Crypto Users To Report USD 10K+ Transactions

ns who receive any kind of digital asset, has so far escaped public or congressional scrutiny, the non-profit organization that aims to bring legal and regulatory clarity to the proof of stake industry,

Robinhood Introduces Cryptocurrency Recurring Investments

Robinhood has introduced a new feature that allows its crypto users to automatically acquire as little as a $1 worth of cryptocurrency of their choice on a monthly, weekly or even daily basis.

US Consumer Crypto Survey: Almost 50% Invested in Cryptocurrencies This Year

A crypto survey of US consumers, commissioned by regulated crypto platform Bakkt, shows that nearly half of all respondents said they invested in cryptocurrencies during the first half of the year.

Helping Afghanistan: Organizations currently accepting crypto donations

Basic needs for refugees, medical care on the ground, and visa assistance — some crypto users are sending tokens to nonprofits and others to help the Afghan people. With thousands of Afghans currently being accepted as refugees in different countries following the Taliban’s takeover of many highly populated areas, many nonprofit organizations are accepting donations in cryptocurrency.Thousands if not millions of Afghans are attempting to or are in the process of fleeing their home in fear of what the Taliban may do now they are largely in control of the country.

Rich QUACK token to list on XT exchange

While there are a ton of platforms that promise new crypto users lucrative returns along with a promise of getting rich quickly, only a few deliver on their promises. Rich Quack is a community-drivThe post Rich QUACK token to list on XT exchange appeared first on AMBCrypto.

Decentralized Exchange Soldex AI Will Empower Crypto Users to Create Unique Trading Algorithms

Have you ever wanted to harness the capabilities of artificial intelligence and machine learning to trade in the cryptocurrency markets? Soldex will not only offer you a way to do this easily, it will also allow you to share the trading algorithms you developed with the community and be rewarded for it.

Australian crypto users will have access to tax reporting services through Crypto.com

Crypto holders in the United States, Canada, and now Australia can generate tax reports using the exchange. Cryptocurrency exchange Crypto.com has launched a free tax reporting service for users based in Australia. In an announcement today, Crypto.com said it had tailored its existing tax services for US- and Canada-based crypto users to allow Australians to accurately report cryptocurrencies on their taxes.

Senate Passes $1.2 Trillion Infrastructure Bill, Crypto Tax Debate Heads to House

Members of the Congressional Blockchain Caucus say they have "concerns" over the new tax reporting requirements on crypto users.

Crypto space weighs in on proposed amendments to US infrastructure deal

Some are urging US-based crypto users to contact their representatives in support of the amendment from Wyden, Lummis and Toomey.

Russia doubles down on efforts to identify, profile crypto-users

According to recent reports, the Federal Financial Monitoring Service of Russia, known as Rosfinmonitoring, is going to start tracking cryptocurrency transactions and wallets linked with possible crimThe post Russia doubles down on efforts to identify, profile crypto-users appeared first on AMBCrypto.

Russia to Track Crypto Transactions With Help From Sberbank-Owned Company

The Federal Financial Monitoring Service of Russia is going to start tracking cryptocurrency transactions.

Number of Global Crypto Users Erupts to 221,000,000 in First Half of This Year, According to New Research

Digital asset exchange and payment platform Crypto.com says that the number of global crypto users has massively surged in the first half of 2021.

Number of Crypto Users Doubled in Just 6 Months: Survey

The total number of crypto users has doubled during the first six months of 2021, mainly due to institutional adoption and the fever for memecoins like DOGE and SHIB.

Crypto population doubled to over 200M users since January, report says

It only took four months for the crypto population to almost double from 106 million in February to 203 million in May, according to a new Crypto.com report. Cryptocurrency adoption has seen an accelerated growth this year, with the global crypto population doubling since January, according to a new report.Major digital asset company Crypto.com released its latest study on measuring global cryptocurrency users on Thursday, discovering that the number of crypto users worldwide has more than doubled from 100 million in January to 221 million in June.The firm pointed out that crypto adoption has been growing rapidly this year, as it only took four months to nearly double the crypto population from 106 million in February to 203 million in May.

Estimated Number of Crypto Users Reaches 221M, Spurred by Altcoins

As of July 6. The estimated global crypto population doubled in four months, and it reached 221m as of June, according to calculations by major crypto platform Crypto.com.

How the First ESG Blockchain Is Doing It Right?

While other blockchains are mainly interested in end crypto users, Telos focuses on solving development problems.

US government delves deeper into crypto accountability with $10M bounty

The Biden administration reportedly intends to ramp up efforts to trace cryptocurrency payments. The US Department of State has announced it will be taking a seemingly more active role in the pursuit of keeping some crypto users accountable.According to a Thursday Bloomberg report, the Biden administration intends to ramp up efforts to trace cryptocurrency payments, particularly when it comes to ransomware attacks.

Parliament of West Africa Economic Block Cautions Against Use of Cryptocurrencies

The parliament of the Economic Community of West African States (ECOWAS) has joined the list of African organizations that have cautioned against the use of cryptocurrencies.

Reality show is casting crypto users locked out of their wallets

The casting director specifically asks crypto users if they’re willing to use all remaining attempts to access their funds in front of the camera. A casting call for a cable network series may offer crypto users at the end of their rope a way to access tokens locked away — or at least show viewers some of the options available to them.In a LinkedIn post from last month, casting director Jessica Jorgensen called on crypto users who have forgotten their passwords — and presumably their seed phrases — or lost their private keys to wallets with the clock ticking.

Blockchain Caucus Co-chair: Identify Crypto Users and Reverse Transactions

Democratic Rep. Bill Foster acknowledged that his suggestions would 'drive the crypto purists berserk'.

Texas crypto users will soon be able to buy and sell tokens at major supermarket chain

The state is already becoming known for attracting miners and attempting to pass pro-crypto legislation, with Governor Greg Abbott saying he was a "crypto law proposal supporter." Shoppers wanting to cash out their crypto holdings to buy groceries may soon be able to do so at many H-E-B supermarkets in Texas. According to a Friday report from the Houston Chronicle, crypto ATM firm Coin Cloud is preparing to install machines into 29 H-E-B locations in the Houston area.

UK's crypto-users are growing in number, but do they even understand the asset class?

The United Kingdom’s approach to cryptocurrency regulations has been measured, but it has matured in the post-Brexit financial landscape.

Fewer Brits See Crypto As Gamble, Public Kraken, Bybit Warned + More News

Source: a screenshot, Instagram/krakenfx Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _____ Adoption news In the UK, the level of understanding of cryptocurrencies is declining, suggesting that some crypto users may not fully understand what they are buying, the UK Financial Conduct

Binance Extends Blockade of Zimbabwean Crypto Users to Include Non-Resident Traders

Malta-based cryptocurrency exchange, Binance, has reportedly extended its blockade of Zimbabwean users to include non-resident citizens.

New DeFi ‘passport’ could enable under-collateralized crypto loans

Arcx has launched a new version of its “DeFi Passport,” Sapphire, promising the pseudonymous on-chain credit check will enable new decentralized finance products. Decentralized finance (DeFi) protocol Arcx has announced the launch of Sapphire v3, a DeFi passport allowing crypto users to pseudonymously build and verify their reputation on-chain.Announced June 2, the DeFi passport will score users on a scale between 0 and 1,000, with Arcx advancing that the passport “incentivizes reputation-building and curates on-chain identity into DeFi.”In the absence of a DeFi passport, Arcx asserts that “protocols are left to treat every user the same, occasionally giving preferential consideration to wallet size, institutional backing, or restrictive KYC.”Arcx expects its passport will be integrated onto many DeFi protocols, predicting Sapphire will allow projects to offer “low-collateral loans and high-yield farms” targeting users with high credit scores.

Coinbase leads $6M funding for Indonesian crypto exchange

Pintu is a new cryptocurrency exchange in Indonesia, licensed as a crypto broker under Bappebti and the Ministry of Communication and Informatics. Pintu, an Indonesia-based cryptocurrency exchange focusing on first-time crypto users, has raised $6 million to support its mission to drive industry adoption.The company announced Tuesday that it has completed a Series A funding round led by major global crypto investors including Pantera Capital, Coinbase Ventures, and Intudo Ventures, tech news agency Tech in Asia reports.

ETH’s Slow Transaction Speed Makes Crypto Users to Choose XinFin

XinFin is a unique cryptocurrency with hybrid blockchain technology opted as a solution for crypto users.

Leading Full Aggregation Protocol OpenOcean Launches Multi-Language Support

May 21, 2021 – Road Town, British Virgin Islands OpenOcean, the world’s first DeFi and CeFi full aggregator, is expanding its coverage of global markets by providing support for some of the most prominent languages used by a number of speakers and crypto users.

'Crypto for COVID': Indian neobank aims to feed those affected by pandemic

In the middle of a spike in cases, more than 4,000 people are dying in India every day as a direct result of the pandemic. Cashaa, a crypto banking platform with physical branches across India, is launching an initiative aimed at bringing crypto enthusiasts together to provide food supplies to those most affected by the COVID-19 pandemic.According to an announcement from Cashaa on Tuesday, the platform’s "Crypto for COVID" plan involves building a community of crypto users who will give underprivileged families in India the food they need for a month.

Coinbase Adds Chrome Extension for Wallet App to Improve DeFi Access

The Chrome integration promises to make the baffling world of DeFi easier for mainstream crypto users.

Argentina Orders Crypto Exchanges to Give Monthly Reports on Users

As Argentina attempts to halt the devaluation of its national currency, government authorities have crypto users on their radar.

Six Upcoming Blockchain Projects You Should Be Watching

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Token offerings have been through multiple iterations over the years, fueled by the need for projects to gain recognition and liquidity for their tokens, and the insatiable appetite of crypto users for the latest and greatest new investments.

MoneyGram to allow retail Bitcoin buying in the US

MoneyGram customers in the United States will soon be able to buy Bitcoin in the country’s retail outlets across the country. Crypto adoption among mainstream payment service companies continues to grow with MoneyGram set to join the list.In a release issued on Wednesday, the global payment service announced a partnership with crypto exchange and Bitcoin (BTC) ATM operator Coinme Inc., to allow US customers to withdraw their cryptocurrency holdings for cash across its point-of-sale outlets in the country.As part of the announcement, MoneyGram also revealed that customers will be able to buy BTC and crypto in an expansion of the existing crypto-to-cash model pioneered by the almost 20,000 cryptocurrency ATMs around the world.Commenting on the development, MoneyGram CEO Alex Holmes remarked:“This innovative partnership opens our business to an entirely new customer segment as we are the first to pioneer a crypto-to-cash model by building a bridge with Coinme to connect bitcoin to local fiat currency.”For MoneyGram, the ability to buy Bitcoin across its brick-and-mortar retail outlets might be a significant development for would-be first-time crypto users daunted by interacting with online cryptocurrency exchanges.MoneyGram’s announcement also likely offers another indication of the potential for a unified money transmission licensing regime, especially for cryptocurrencies.

Over 67,000 Fusions: Cashfusion Participants Have Fused Billions of Dollars in Bitcoin Cash

While some crypto users have been leveraging privacy-centric digital assets like monero, others still use mixing protocols that shuffle unspent transaction outputs (UTXOs) from coins like bitcoin, ethereum, and bitcoin cash.

South Korea to Crack Down on Phishing Websites Attacking Crypto Users

South Korean authorities are intensifying their monitoring of phishing activity related to cryptocurrencies.

Some African Crypto Users See Bitcoin as an Alternative Source of Retirement Income

Bitcoin use cases in African countries continue to expand with the latest one being its use as an alternative source of retirement income.

Norwegian Tax Authorities Warn Crypto Users to Declare Earnings

With the April 30 tax filing deadline looming, the Norwegian Tax Administration has advised crypto holders to declare their earnings.

Norwegian authorities urge crypto users to declare earnings on upcoming return

"Our experience is that most people will follow all laws and regulations, and we will help those who invest in crypto to do it right," said Marius Johansen. The Norwegian Tax Administration has issued a warning to crypto traders in advance of Norway's April 30 deadline to file tax returns. According to a notice from the Norwegian Tax Administration on Wednesday, the government agency advises all taxpayers who owned or sold crypto in 2020 to enter it on their returns or "risk paying additional tax." The NTA said roughly 2% of cryptocurrency holders declared what tokens they owned or earned in 2019, less than 4,700 people out of an estimated 235,000. "We think a lot of the gap is due to the fact that some crypto owners mistakenly assume that cryptocurrency is pre-filled in the tax return and have not thought that they are the ones who have to list this," said NTA senior adviser Marius Johansen.

TeraBlock exchange raises $2.4M to develop crypto newbie-friendly interface

The platform can reportedly execute trades automatically based on up to four risk-reward profiles that crypto users choose themselves. UK-based crypto exchange TeraBlock announced the completion of a funding round which would reportedly provide an on-ramp for new crypto users. In an announcement today, TeraBlock said it had secured $2.4 million in funding from major investors including AU21 Capital, Blockchain.com, Blocksync Ventures, BTX Capital, CryptoDormFund, and others.

Crypto users demand reinstatement of Pakistani government adviser following sudden resignation

Zia Ullah Bangash's potential departure from an important role in facilitating Pakistan's regulatory environment for crypto had many threatening to withhold votes and demanding answers. Many users on social media have started an online campaign for Pakistan Prime Minister Imran Khan to bring back pro-crypto adviser Zia Ullah Bangash. On Saturday, Bangash, the science, technology, and information technology adviser to Mahmood Khan, the chief minister of the Khyber Pakhtunkhwa province, announced he would resign his position.

Lawyer Files Class Action Complaint to Stop Argentinean Central Bank from Collecting Crypto Users Data

The idea of the Argentinean central bank asking local banks for information on customers who deal with cryptocurrencies is generating controversy in the local industry.

Signal Turns Into Noise With MobileCoin Integration

Private messaging app Signal, which is also popular among crypto users, announced they're launching payments using MobileCoin (MOB).

US Court Authorizes IRS to Summon Cryptocurrency User Records From Circle and Poloniex

The Internal Revenue Service (IRS) has obtained authorization from a federal court to seek information on cryptocurrency users from Circle and Poloniex exchange platforms.

Indian crypto users suspect Flipkart's Bitcoin announcement is an April Fools joke

True or not, the timing of the announcement is suspect given many companies' apparent fondness for pranking customers on April 1. Flipkart, India's largest e-commerce company by sales, has said it will be accepting Bitcoin payments in what many suspect is an April Fools’ Day prank. In an announcement on Twitter today at 11:30 pm India Standard Time, Flipkart said it would be accepting Bitcoin (BTC) “as a convenient mode of payment” for its online marketplace.

Crypto Community Asks Who's Next As SEC Hits Decentralized LBRY

Crypto users and advocates are rallying somewhat uncertainly around the cause of the decentralized content platform operator LBRY.

NFT craze and institutional money to bring next 100 million crypto users, says Crypto.com CEO

The two main factors driving mass adoption are converging, says Crypto.com CEO Kris Marszalek. Watch Cointelegraph’s latest interview with Crypto.com CEO Kris Marszalek to understand the catalysts that will push crypto to 200 million users.

New tech allows crypto users to mint NFTs with 'proof of presence'

IoTeX's project uses "verifiable GPS data to mint NFTs that prove you were at a certain place at a certain time," said Larry Pang. The latest product from IoTeX, a privacy-focused platform for the Internet of Things, reportedly brings the concept of a smartphone’s trusted execution environment with real-world data to the crypto space. Head of business development at IoTeX Larry Pang told Cointelegraph that the firm’s Pebble Tracker, a device capable of recording and encrypting data from the physical world, offers a new way to bring data ownership to users.

Federal judge's decision could be a blow for the privacy rights of crypto users

The Internal Revenue Service will likely not be penalized for obtaining records on a crypto user from Coinbase or Abra. A federal judge has implied that an individual may not have the right to force the Internal Revenue Service, or IRS, to expunge financial records it obtains from crypto exchanges. In granting a motion to dismiss filed in December, Judge Joseph DiClerico in the District of New Hampshire suggested the Internal Revenue Service has no obligation to honor requests to purge crypto transaction records it received from Coinbase or other exchanges regarding information for federal taxes.

Polkadot becomes latest to use Simplex's fiat onramp

The integration with Simplex will provide DOT users another route from fiat into crypto. Fiat-to-crypto onramp provider Simplex will now support Polkadot in its network of crypto exchanges, wallets, and brokers. In an announcement today, Simplex said its integration of Polkadot (DOT) would allow crypto users to purchase the token with a credit or debit card, Apple Pay, or bank transfer.

US-based crypto users likely still have to pay taxes on NFTs, says CNBC

"If you exchange crypto for any other asset, you immediately recognize a capital gain or loss," said Robert Frank. Tax season is almost upon crypto users based in the United States, and even if they plan on keeping their assets digital, nonfungible token — or NFT — buyers might not get off scot-free. According to a CNBC report today, people who use the profits from their crypto holdings to purchase NFTs will likely still have to pay capital gains tax up to 20% when filing their US taxes.

Crypto Exchanges Might Be Getting Around 100K New Users Per Day - Analyst

While multiple companies sharing how many millions of new crypto users they've got recently, one popular crypto analyst made an estimation, how many new bitcoin (BTC) traders crypto exchanges might be getting per day. Willy Woo shared that, based on the data provided by on-chain analysis firm Glassnode and the Cambridge Centre for Alternative Finance, the number of new BTC

India's Finance Minister Says a "Window" for Bitcoin is Coming

A new bill could see Indian crypto users face harsh penalties.

Badger DAO to acquire ‘Badger.com’ domain for $300,000

Badgers now have a new home: the DeFi protocol has purchased the "badger.com" domain for a tidy $300,000 The Badger DAO community is ‘sett’ to migrate to some new ‘diggs’: the decentralized finance project will shortly become the new owner of the “Badger.com” web domain.  In a Badger Improvement Proposal listed on governance forums today, BIP-43, BadgerDAO founder Chris Spadafora wrote that the new domain will “quickly increase the value [of the app] across all these categories (daily traffic, referring websites, search engine optimization etc.)” “As Badger expands to become the most trusted place for anyone to put their Bitcoin to work, it’s important that the first experience for non native crypto users is comfortable and that we help them quickly overcome the common stigma that surrounds the cryptocurrency industry today,” Spadafora told Cointelegraph of the buy.

UK Budget: Bitcoin Holders Could Face Massive Capital Gains Tax Hike

Big increases to the UK's capital gains tax are on the cards in tomorrow's Budget—with serious implications for crypto users.

India: Are authorities really seizing crypto hardware wallets?

While the lack of regulations for cryptocurrencies has evolved into a problem in India, crypto-users in the country have not been discouraged yet, with many seeking ways to get on the same page as law The post India: Are authorities really seizing crypto hardware wallets? appeared first on AMBCrypto.

Crypto Users Claim Popular Bitcoin Paper Wallet Generator Is Compromised, Millions Allegedly Stolen

A number of forum posts and tweets say that the website bitcoinpaperwallet.com is compromised and people have said they have lost bitcoin using the paper wallet generator.

3 types of bitcoin investors that ‘should be concerning to central banks’

With 106 million global crypto users as of January 2021 and a crypto population that has now surpassed 100 million, a financial expert noted that central banks must now be wary of certain crypto inves The post 3 types of bitcoin investors that ‘should be concerning to central banks’ appeared first on AMBCrypto.

Robinhood Has Added 6 Million New Crypto Users in 2021

The trading platform has had its share of problems this year.

Total estimated crypto users worldwide tops 100 million, survey finds

Bitcoin's runaway growth in January boosted the global crypto user base by close to 16%, according to an analysis from Crypto.com. Crypto exchange and debit card provider Crypto.com has published a new report estimating that the total number of crypto users globally rose from 66 million in May 2020 to 106 million by January. Given the complexity of mapping unique crypto wallet addresses onto the number of persons, Crypto.com's methodology combines on-chain data with several blended parameters to calculate separate estimates for the two largest cryptocurrencies by market capitalization, Bitcoin (BTC) and Ether (ETH).

Crypto Earning vs. Savings Accounts: How You Can Get Up to 17% Annually Holding Digital Assets

The mainstream has caught a whiff of the gains cryptocurrencies like bitcoin and ethereum have seen, but many people are not aware of the passive income crypto users are getting as well.

More harm than good? Nigerian crypto users in disbelief over CBN ban

Crypto and blockchain stakeholders in Nigeria have criticized the central bank’s decision to ban banks from servicing crypto firms. The Central Bank of Nigeria has banned banks from servicing crypto exchanges in the country in a move that echoes actions taken by its Indian counterpart back in 2018.

PayPal's Crypto Payments Are Coming to the UK This Year

After seeing larger than expected demand from US crypto users, PayPal has set a timeline for UK expansion.

Youngest HODLer ever? Elon Musk buys DOGE for his 9-month-old son

"Toddler HODLer" may soon become a new meme in the crypto space. Elon Musk’s child with Canadian musician Claire Elise Boucher, or Grimes, may now be one of the youngest public crypto users on record. In a tweet today from the Tesla CEO, Musk said his 9-month-old son is now the proud — or maybe just fussy — owner of some Dogecoin (DOGE), referring to him as a "toddler HODLer." The boy, born last May, is named X Æ A-Xii — pronounced “ex ash eh twelve” — with the last two syllables an homage to Lockheed’s A-12 aircraft. Bought some Dogecoin for lil X, so he can be a toddler hodler— Elon Musk (@elonmusk) February 10, 2021 Musk’s recent tweets have likely fueled the price of DOGE since January.

Elon Musk Bites Back at Freewallet After Dogecoin Tweet

The Tesla CEO said crypto users should avoid wallets that do not give them access to their private keys

Press and internet freedom advocates join crypto users in support of Wikileaks' Assange

Digital and journalistic rights are at stake in the trial for Julian Assange's extradition, say 24 major advocacy groups.

How a Lawsuit Against the IRS Is Trying to Expand Privacy for Crypto Users

Harper’s case may have widespread implications for privacy laws regarding cryptocurrency users if he wins.

DOGE is 'not a bad look' for crypto users, says Mark Cuban as price surges another 8%

The billionaire described the token as “the lowest cost economics teaching tool available” on the market. Amid recent endorsements from celebrities and people in tech, the price of the meme-based cryptocurrency Dogecoin has surged more than 700% in the last month.

Nigeria’s Central Bank Orders Banks to Close Accounts of All Crypto Users

Any breaches of the order would face "severe regulatory sanctions," the central bank warned.

Discord Scammers Lure Users to Fake Exchange With Promise of Free Bitcoin

The scammers may be trying to collect a database of crypto users for sale on the dark web, said Kaspersky.

South Africa’s Tax Agency Is Clamping Down on Crypto Users: Report

The South African Revenue Service is likely "ensnaring" non-compliant taxpayers, a tax consultancy said in a news report.

Brave New Coin partnership will help Nevada crypto users reach new 'high'

Cannabis users in the state may soon be able to pay for their green without cash. Digital asset market data firm Brave New Coin may soon be helping Nevada residents buy marijuana using crypto. According to Brave New Coin, blockchain firm Multichain Ventures will be using the company’s data and pricing infrastructure to fulfill regulatory requirements for cannabis businesses in the state of Nevada.

Following Grayscale's contribution, Kraken donates $100K to Coin Center

The crypto exchange cited Coin Center’s work in challenging the proposed FinCEN self-hosted wallet rule as well as the STABLE Act from the US government. Kraken has pledged $100,000 to Coin Center, a cryptocurrency advocacy group based in Washington D.C. In a blog from the crypto exchange today, Kraken said it had donated the funds to promote Coin Center’s work in educating regulators about digital assets an advancing the rights of crypto users.

Survey: 25% of crypto users not securing assets as well as they think

Although 96% of exchange users utilize some form of 2FA, and 87% of hardware wallet users perform test transactions. Cryptocurrency hardware wallet manufacturer Ngrave released the initial results of its ongoing crypto security survey on Jan.

One Big Reason to HODL Bitcoin: to Lower Taxes

Shehan Chandrasekera of CoinTracker told The Decrypt Daily that US-based crypto users should understand long-term capital gains taxes.

FinCEN's wallet rule is open for another day of comments because 'government officials can’t count to 15'

The website accepting comments on the proposed FinCEN rule shows crypto users have until Jan.

Ethereum Rally Fails to Spark Chinese Interest as Bitcoin Hogs Limelight

Racing ethereum (ETH) prices have seemingly failed to impress Chinese crypto users, with interest in the token – as well as blockchain technology – almost unchanged despite record-breaking recent altcoin rallies. Data from WeChat shared on Twitter by Primitive Crypto co-founder Dovey Wan showed that while interest in bitcoin (BTC) spiked as the token broke through the

Jack Dorsey warns that FinCEN regulations will drive crypto users offshore

Major US crypto firms are united in opposition to new AML laws proposed by FinCEN, warning they could drive users away from regulated platforms and stifle innovation.