Latest Cryptocurrency News

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MUFG To Use Ripple for Cross-Border Payments | Coindelite News
Ripple News

MUFG To Use Ripple for Cross-Border Payments

Japan’s largest bank Mitsubishi UFJ Financial Group (MUFG bank) and Brazil’s Banco Bradesco are going to partner with Ripple for a new cross-border payment service. The MUFG bank recently published a press release announcing that the two banks have signed a Memorandum of Understanding (MOU), aiming to co-develop the system. …

eToro Debuts Mobile Crypto Wallet
Cryptocurrency News

eToro Debuts Mobile Crypto Wallet

eToro, the social trading platform has officially launched its cryptocurrency wallet on both iOS and Android platforms. This wallet features enhanced security and an easy-to-use interface. In the beginning, the wallet will support Bitcoin, Bitcoin Cash, Ethereum and Litecoin. More currencies will be added to the portfolio in due time. …

Iran Develops National Cryptocurrency | Coindelite News
Cryptocurrency News

Iran Develops National Cryptocurrency

Iran has finally announced the development of its national digital currency that is backed by the local fiat money, the rial. After getting approvals from the Central Bank of Iran (CBI), the yet-to-be-named cryptocurrency will be issued for banking institutions for testing payments. Seyyed Abotaleb Najafi, Chief Executive Officer at …

Bithumb Plans to Become Asia's Amazon
Cryptocurrency Exchange

Bithumb Plans to Become Asia’s Amazon

Bithumb, one of the largest cryptocurrency exchanges in South Korea has started the cryptocurrency payment service. This service is being offered through Qoo10, an online marketplace that regards itself as “Asia’s Amazon”. Korean users can avail this service by using their cryptocurrencies to pay for purchases made on the Qoo10 …

Bahama Announces Cryptocurrency Regulations | Coindelite News
Cryptocurrency News

Bahama Announces Cryptocurrency Regulations

The Central Bank of The Bahamas (CBOB) has published a document which describes how it intends to regulate cryptocurrencies. The regulation includes Initial Coin Offerings (ICOs) as a part of decreasing the tax evasion, fraud, and money laundering. The regulation makes it clear that only the state-issued cryptocurrency will be …

Chinese Central Bank Warns Against Cryptocurrencies | Coindelite News
Cryptocurrency News

Chinese Central Bank Warns Against Cryptocurrencies

These days it is very rare to find any positive stories coming out of China with cryptocurrency in the headlines. The central bank of China has again warned its citizens against cryptocurrency investments. The People’s Bank of China (PBoC) has announced the risks associated with digital currency investments. Xu Zhong, Director of research …

Hackers Targets to Steal Bitcoins from Gate.io | Coindelite News
Crypto Hack

Hackers Targets to Steal Bitcoins from Gate.io

The cryptocurrency space has been a victim of various cryptocurrency hacking, cryptojacking, scams, and more. Recently Cybercriminals hacked StatCounter, one of the largest website traffic analytics platforms. The hackers transferred malicious code into more than 600,000 websites. The purpose was to gain access to Bitcoin held at the cryptocurrency exchange …

French Lawmakers Decreases Crypto Tax by 6 Percent | Coindelite News
Cryptocurrency News

French Lawmakers Decreases Crypto Tax by 6 Percent

French lawmakers have done minor changes to the 2019th budget bill which will decrease capital gains tax on Bitcoin sales to 30 percent from 36.2 percent. This would make digital currency transactions in line with other non-real estate assets that are taxed at a flat rate of 30 percent. According to …

Thai's Minister Calls For More Crypto Regulations | Coindelite News
Cryptocurrency News

Thai’s Minister Calls For More Crypto Regulations

Wissanu Krea-ngam, the Deputy Prime Minister of Thailand, has called for more regulations on cryptocurrencies. Earlier this year Thailand introduced a regulatory framework for cryptocurrencies. Krea-ngam said that new measures must be introduced both domestically and internationally. Krea-ngam was recently a part of the Counter-Terrorism Financing Summit. Meantime, he said …

Crypto Mining Uses More Energy Than Mining Metals
Crypto Mining

Crypto Mining Uses More Energy Than Mining Metals

The mining of cryptocurrencies uses a lot more energy than required to mine such as copper, platinum or gold. A research was published on this by the Nature Sustainability journal. It seems that cryptocurrencies are rapidly becoming a major contributor towards the already alarming pace of global warming. Thanks to …