The United Kingdom’s HM Revenue and Customs (HMRC) department is starting to collect cryptocurrency holdings from the citizens who it suspects to have evaded or avoided taxes, according to the accounting firm, UHY Hacker Young Group. The non-ministerial department will now exclusively ask for information on cryptos and other assets on its ‘statement of assets’ form. It will seek information […]

Apifiny, the digital asset trading network that recently entered into the mining business, has received a United States broker-dealer license from FINRA for its fully-owned subsidiary Apifiny Prime, the company announced on Thursday. With this regulatory acknowledgment, Apifiny has joined the ranks of top exchanges like Coinbase, Gemini, eToro and Circle. However, the broker-dealer license does not allow companies to […]

Binance’s attempts to bridge traditional markets with the cryptocurrency space in the form of fractionalized stock tokens has drawn the attention of Germany’s financial regulator. The Federal Financial Supervisory Authority (BaFin) warned on Wednesday that the world’s largest cryptocurrency exchange could face heavy fines for launching security-tracking tokens without an accompanying investor prospectus. Binance launched fractionalized stock tokens for Apple, […]

A county in the state of New Jersey has announced the liquidation of cryptocurrency assets seized in 2018. On Monday, the prosecutor’s office in Monmouth County announced that the confiscated crypto —initially valued at $57,000 at the time it was seized — was liquidated on Coinbase for $198,237 at a quote “profit” of $141,000. Authorities captured the cryptocurrency during a 2018 […]

Although recent studies have been showing a slowdown in cryptojacking activities, especially the ones related to mining privacy coins, Intel remains on the hunt to crackdown on such activities. The tech giant has partnered with Microsoft to deploy a campaign that strengthens cryptojacking detection with new technologies. Tool Could Trigger Multiple Detectors to Halt Any Cryptojacking Threat According to the […]

As we all know by now, India is not too pleased with the prospects of bitcoin and cryptocurrency. The country is presently contemplating a new law that if passed, would ban all crypto activity and trading in the future. India Is Not Crazy About Crypto However, another part of the law has not yet been discussed, and that is the […]

If we thought bitcoin was doing poorly before, we are having to redefine our ideas. It looks like the world’s number one digital currency by market cap has fallen below the $50,000 mark and at the time of writing, is trading for just over $49,000. Bitcoin Is Suffering Harder Than It Has in a While This marks a $5,000 drop […]

Ether (ETH) is approaching the top 30 most valuable assets in the world following its latest price breakthrough, offering further evidence that the developer network is in the midst of a powerful bull market.  ETH price peaked at $2,741.78 on Wednesday, marking a new all-time high, according to TradingView data. With a current value of around $2,730, Ether’s total market […]

The United States Securities and Exchange Commission has extended the original 45-day window to approve a Bitcoin (BTC) exchange-traded fund, or ETF, from asset manager VanEck. According to a filing from SEC on Wednesday, the regulatory body will push the deadline for approving or disapproving VanEck’s Bitcoin ETF from May 3 to June 17, an additional 45 days. “The Commission finds […]