China-based RenrenBit, a peer-to-peer cryptocurrency lending and wallet startup, has disclosed it took $600,000 in net income from revenue of $2.3 million in 2019. The startup, founded by well-known…
Tag: cryptocurrency
Swedish Crypto Exchange BTCX Plans IPO in 2020 – CoinDesk
One of the oldest cryptocurrency exchanges in Scandinavia wants to go public later this year, hoping it will enable traditional investors to participate in “new finance.” Oskar Soderstrom, CEO…
US Lawmakers Try Again on Tax Relief for Small Crypto Payments – CoinDesk
U.S. lawmakers have resurrected a bipartisan push to exempt gains from small cryptocurrency transactions from being taxed. On Thursday, Reps. Suzan DelBene (D-Wash.), David Schweikert (R-Ariz.), Darren Soto (D-Fla.)…
Voyager to Offer Interest on Three Newly Listed Stablecoins – CoinDesk
Cryptocurrency brokerage Voyager Digital has listed three stablecoins and will soon allow customers to earn interest on their holdings. Announced Wednesday, the Vancouver, British Columbia-based Voyager said its support…
UN Warns Against Attending North Korean Crypto Conference Next Month – CoinDesk
The United Nations is warning about the risks of attending North Korea’s cryptocurrency conference in February. Reuters reports Wednesday that going to the event would probably be a violation…
Binance to Launch Korean Support Center Following Investment in Local Startup – CoinDesk
Cryptocurrency exchange Binance has made its first direct investment in a South Korean startup. According to an exclusive report by CoinDesk Korea, Binance has taken a 500 million won…
Coinbase Hands Nearly $1M to Cryptsy Victims After Settling Class Action Lawsuit – CoinDesk
Coinbase has settled a class action lawsuit brought by users of the former Cryptsy cryptocurrency exchange. According to a set of court documents dated Nov. 27 and Dec. 10,…
Japan’s Financial Watchdog to Set Low Leverage Cap for Crypto Margin Traders: Report – CoinDesk
Japan’s top financial regulator plans to reduce the risk to cryptocurrency margin traders by cutting the permitted leverage to two times the deposit. The Financial Services Agency will impose…
North Korean Hackers Now Using Telegram to Steal Crypto: Kaspersky – CoinDesk
A cybersecurity firm has warned cryptocurrency users to expect more attacks from North Korea as its hackers develop “enhanced capabilities” to deliver malware through popular messaging app Telegram. Moscow-based…
Interpol Leads Operation to Tackle Cryptojacker Infecting Over 20,000 Routers – CoinDesk
International crime fighting agency Interpol has taken action to stem a plague of cryptocurrency mining malware afflicting computer routers across Asia. According to a Wednesday blog post from TrendMicro,…