Bitcoin

Romania Imposes 10% Tax on Cryptocurrency Earnings

January 22nd, 2019

Romania has amended its tax laws, allowing it to start taxing gains from bitcoin investments at a rate of 10 percent. The improved fiscal code legislation categorizes earnings generated from buying and selling cryptocurrencies as “income from other sources” and therefore subject to income tax, local media reports. Only Gains From Crypto Investments to Be…

Why Cryptocurrency Custody Solutions Are on the Rise

January 22nd, 2019

The last six months has witnessed significant growth in the number of businesses and banks launching cryptocurrency custodial services. These solutions give institutional investors peace of mind that their assets are secure, insured, and under the care of a trusted third party, freeing them from responsibility for safeguarding their cryptocurrency. Recent Crypto Custodianship Launches The…

Swedish Trader Expects to Pay 300% of Crypto Profits to Tax Agency

January 22nd, 2019

According to local media, a Swedish cryptocurrency trader is anticipating receiving a tax bill of approximately $1 million after conducting approximately $2.9 million worth of trades across tens of thousands of transactions made since 2014. The trader claims that the tax bill will equate to 300 percent of the profits he has earned rather than…

The Daily: 100 Exchanges’ Security Rated, Enjinx Block Explorer Launches

January 22nd, 2019

Tuesday’s installment of The Daily details new tools that are helping users safely navigate the cryptocurrency ecosystem. From making an informed decision about which exchanges to trust to tracking blockchain transactions with Enjinx, we cover a selection of developments from across the cryosphere, before finishing with a trip to the darknet where KYC documents are…

Airdrop Causes Exchange to Accidentally Send BTC to Customers

January 22nd, 2019

A South Korean crypto exchange mistakenly sent its customers BTC and other cryptocurrencies due to an error during an airdrop. Some users immediately sold the coins, causing the prices of a number of cryptocurrencies on the exchange to sharply fall. The exchange said, however, that the majority of customers have agreed to return the assets….

Mastermind Who Planned Iceland’s Biggest Bitcoin Heist Jailed for 4.5 Years

January 22nd, 2019

Last year, Sindri Stefansson was arrested for his part in what has been described as the biggest heist Iceland has seen – over $2 million worth of Bitcoin mining equipment stolen in an operation that left police baffled. He has now been jailed for four and a half years along with his team of thieves….

Falcon Private Bank Launches Crypto Wallet With Support for Direct BTC and BCH Transfers

January 21st, 2019

Switzerland’s Falcon Private Bank has introduced a cryptocurrency wallet as well as support for direct transfers of BTC, BCH, ETH, and LTC for private and institutional investors. The bank said investors can now directly transfer cryptocurrencies to and from its own “segregated Falcon wallets.” They can also convert their digital coins into cash. ‘Fully Bankable…

Russian Institutions Back Proposal to Let Companies Use Cryptocurrency

January 21st, 2019

An idea to allow companies from certain sectors and in some regions to use cryptocurrencies is gaining traction in Russia. The proposal has been included in a draft law prepared by the Economy Ministry, a high-ranking parliamentarian has voiced his support, and big business is discussing its implementation. Draft Law Offers to Create Regulatory Sandboxes…

ICOs Produce Slow Start to 2019

January 21st, 2019

During the first two weeks of 2019, initial coin offerings (ICOs) raised roughly $90 million, according to data published by Icobench. Of the total funds raised this year so far, $80.2 million can be attributed to the Chelle Coin ICO. Slow Start to 2019 for Initial Coin Offerings 47 ICOs launched during the first week…

The Daily: Bitmain Reflects on 2018, Memo Releases Mobile App

January 21st, 2019

In today’s edition of The Daily, we cover a reflection on the passing year by the cryptocurrency mining technology giant Bitmain, a mobile app released by social network Memo and new turnover figures from a Bitcoin ATM network in Australia. Bitmain Reflects on 2018 Bitmain, the Beijing-headquartered bitcoin mining technology giant, has been the topic…