Bithumb to Launch its Own Cryptocurrency called ‘Bithumb Coin’

‘Bithumb Coin’ to be Launched by Cryptocurrency Exchange Bithumb Cryptocurrency exchanges such as KuCoin has their own coin, so soon Bithumb, the South Korean exchange is going to join the club. BITHUMB COIN Bithumb, one of South Korea’s major cryptocurrency exchanges has planned to issue its own in-house cryptocurrency named …

German Startup is “Over and Out” After $50 Million ICO Scam

Savedroid ICO turned out to be a Scam After Raising $50 Million According to local news reports, the German-based startup Savedroid has vanished after raising a reported $50 mln through both private funding and Initial Coin Offering (ICO). CEO and Founder Yassin Hankir allegedly left the purpose behind his disappearance …

Telegram’s CEO Paid Bitcoins to Avoid the Government Ban on his Platform

Telegram’s CEO used to Pay in Bitcoin to Avoid Govt Ban on his app According to the reports, Telegram founder Pavel Durov told that he has been paying network administrators in Bitcoin for avoiding a government ban on his popular messaging platform. On Tuesday he announced in his Telegram channel …

Here is What we should do while Bitcoin creates Tax Issues

This is How we can Handle Tax Situations such as Airdrop In a consistently growing digital currency world, everything from “bitcoin mining” to “airdrops” could add to the tax bill. Michael Meisler, global blockchain leader for Ernst & Young’s tax practice, said: “What amazed me was the number of people …

Bermuda to draft Crypto Regulations, Proposes to include ICOs

Bermuda Unveils Draft Cryptocurrency Regulations, Plans to Embrace ICOs The Bermuda Monetary Authority has published a consultation paper on draft regulation concerning to  “virtual currency businesses” and Initial Coin Offerings (ICOs). The proposed bill tries to build a framework that encourages and fosters the development of Bermuda’s nascent digital currency …

Dubai-based Alibabacoin Sued by China’s Alibaba for Trademark Infringement

Alibaba Sues Dubai-based Alibabacoin for Trademark Infringement A Dubai firm, Alibabacoin Foundation et al., has been sued by China’s largest e-commerce company, Alibaba Group Holding Ltd. for using the Alibaba trademarked name in connection with a cryptocurrency “Alibabacoin.” The founders of the Alibabacoin has raised over $3.5M through their ICO, …

Grams Token: Telegram might Cancel its Public ICO

The reasons for Telegram to Cancel its Public ICO The average crypto devotees aren’t probably to get their hands on grams – Telegram’s Crypto Token soon. While half of the ambition $1.2 billion the messaging giant expected to raise was thought to originate from an ICO open to public investors, …

Crypto, ICO Services banned by Alibaba’s Taobao due to the Policy concern

Alibaba’s Taobao Bans Crypto, ICO Services in Policy Update Taobao, the internet shopping website under the e-commerce giant Alibaba recently updated its list of banned goods and services on the platform, including cryptocurrencies. In its latest announcement, the site announced that it is now banning specific stores on its platform …

Pakistan Bans Banks from Crypto Currency and ICOs Trading

Central Bank of Pakistan Prohibit all Banks from ICOs and Digital Currency Trading Pakistan Becomes the latest country banning banks from digital currency transaction as it stated through its central bank, the State Bank of Pakistan, prohibiting all banks and financial institutions in Pakistan from transacting with companies trading in …

SEC official Explain advantages involved with Crypto Regulations

Jay Clayton, SEC’s chairman Talks about benefits involved with Cryptocurrency Regulations The highest-ranking official of SEC seems to have softened his stance towards ICOs. The SEC chairman, Jay Clayton stated that he rejects the idea of all the ICOs being fake and fraudulent by saying “absolutely not” to a question …

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