BT360 Crypto Wallet Locks Users Out of Accounts | Cryptoknowmics
1. New Zealand’s Tax Authority Considers Altering its Treatment Towards Crypto
The New Zealand Inland Revenue Department announced that it would ease the unfair tax burden on cryptocurrencies. The proposed changes might see the controversial goods and services tax (GST) applied to digital currencies dropped. Under New Zealand’s current administration, digital currencies are classed as properties and hence they are also subject to income tax.
2. Nigma Develops Blockchain Forensic Tool With AIT
The French Blockchain security company Nigma Conseil, have signed an agreement with the Austrian Institute of Technology (AIT) to work together against crimes related to cryptocurrencies. According to the contract signed by both parties, the companies would be working together on a proposed compliance tool Nigma.
3. South African Crypto Firm, Luno Adds Ripple To Its Platform
Luno, the largest cryptocurrency exchange of South Africa, has introduced Ripple (XRP) to its platform for its customers. The report stated that currently, the market value of the third-largest digital currency stands at $12.5 billion. Till now, there were 3.5 million customers across 40 countries, who already have access to bitcoin, ether and bitcoin cash on Luno.
4. Central Bank of Russia Greenlights Potanin on Digital Tokens for Metal And Air Tickets
A Bloomberg report states that Vladimir Potanin, the richest man in Russia, will soon enable residents to buy metals, book air tickets and transfer ski passes from his businesses using digital tokens. The central bank of Russia has greenlighted his long signalled plans to debut crypto tokens for metals.
5. BT360 Crypto Wallet Locks Users Out of Accounts
BT360, a popular Israeli-based cryptocurrency wallet has locked its users out of their accounts to investigate the clear financial irregularities. The firm reportedly shut down its website and wallet back on February 12.
6. Research For China’s DCEP Has Delayed
The coronavirus outbreak has reportedly delayed China's research on its sovereign cryptocurrency from Q1. The report further noted that however, the launch could still get ahead as planned as the Chinese central bank had the technological resources, support and abundant talent to get along with the process.
7. Revolut Raised $500M Making It Europe's One Of The Top Fintech Firm
A Financial Times report has revealed that Revolut, the digital bank based in the UK, has tripled its valuation to hit $5.5 billion by raising a massive amount of $500 million in a fresh funding round. This has made Revolut one of the most valuable fintech firms in Europe.
8. Cryptocurrency Derivatives Exchange Firm FTX is Selling its Equity
Crypto derivatives exchange firm FTX announced the launch of its equity token, which can be purchased using Bitcoin or any other payment methods. The equity tokens which go at $2 each, represents an ownership stake in FT Trading Limited, which owns FTX.
9. CoolBitX Secures $16.75 Million In Series B Funding Round
CoolBitX Technology, an international blockchain security company, has revealed that it has secured $16.75 million in the Series B funding round. The funding round was led by Japan-based SBI Crypto Investment Co.Ltd., the Monex Group, BitSonic, and the National Development Fund of Taiwan.
10. Crypto Exchange Quoine Will Pay For Damages, Rules Singapore Court
Quoine, the digital currency exchange operator has been ordered by the Court of Appeal to pay the number of damages mistakenly done by reversing several transactions on its platform. Furthermore, the court dismissed Quoine’s arguments that it has the right to cancel the orders placed by B2C2 unilaterally and ruled it to pay the expense of damages as it was a mistake.
11. Celsius Network Doubles Crypto Loan Interest In Past Three Months
Celsius Network, the leading interest income platform, has reported that since its last disclosure, the platform has doubled its interest payments. Celsius announced that it has paid over $11 million worth of cryptocurrencies as total interest income to its members.
12. Billionaire Warren Buffet Finds Cryptocurrencies Valueless
During an Interview with CNBC reporter Becky Quick, Warren Buffet said cryptocurrencies have no value. The multi-billionaire popularly known as the Oracle of Omaha discussed the issue of Bitcoin after a fundraising campaign. In attendance was Tron CEO Justin Sun - a proponent of digital currencies.
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