Category Archives: Cryptocurrency News

Owner of Australian cryptocurrency exchanger demanded compensation from banks for closing accounts

The owner of the Australian exchanger, Allan Flynn, filed with ANZ and Westpac banks for blocking their bank accounts, demanding compensation of A $ 250,000. Allan Flynn (Allan Flynn) said that his service serves over 450 regular customers. Platform at the Australian Center for Accounting and Analysis of Financial Transactions (AUSTRAC). Despite this, banks refuse to service Flynn’s accounts. He accuses banks of systematic discrimination, saying that over the past three years, his bank accounts…

Coinbase Users Will Submit Tax Returns Through CoinTracker

Cryptocurrency exchange Coinbase has partnered with tax software provider CoinTracker to make it easier for its users to file tax returns. CoinTracker co-founder Chandan Lodha said the service will allow Coinbase US users to calculate profits and losses from cryptocurrency transactions. With CoinTracker, traders will also be able to fill out Form 8949 and Appendix D to declare their digital assets. The tool can be used by individuals and accountants, and can also be used…

CEX.IO Broker has launched trading with classic currency pairs

CEX.IO Broker, a platform for margin trading in cryptoassets, expands the range of financial instruments and launches trading in classic currencies. The list of 29 cryptocurrency pairs has been replenished with 7 currency pairs: EUR / USD, GBP / USD, USD / RUB, EUR / GBP, EUR / JPY, GBP / JPY, USD / JPY. CEX.IO Broker is gearing up to add margin trading in stocks and indices. Cryptocurrencies are increasingly entering the global financial…

Macquarie: “government digital currencies may lose to cryptocurrencies”

According to a report by Australian investment bank Macquarie, government digital currencies could lose the race against cryptocurrencies if they become too entrenched in e-commerce. This applies to all central banks, including the US Federal Reserve System (FRS) and the European Central Bank (ECB). Macquarie experts believe that government stablecoins are lagging far behind cryptocurrencies, which are rapidly entering the market. So, in early November, the PayPal payment system added the ability to buy, sell…

Ledger will update its privacy policy to improve the protection of customer data

Cryptocurrency hardware wallet maker Ledger has revealed details of the personal data breach of 292,000 customers and an update to its privacy policy. According to an article in the Ledger blog, the company intends to update its data privacy policy to minimize future damage from the leaked personal data of customers last year. The data breach started back in April 2020 and affected approximately 292,000 customers. As Ledger found out last month, the hack was…

ECB President: “Bitcoin is a speculative asset and needs regulation”

European Central Bank (ECB) President Christine Lagarde called bitcoin “an overly speculative asset” that needs regulatory oversight. Lagarde announced this at the Reuters Next conference. According to Lagarde, bitcoin is being used to “conduct suspicious cases, illegal transactions and money laundering.” Therefore, the President of the ECB urged regulators to agree on rules for regulating cryptocurrencies at the international level as soon as possible. Lagarde is convinced that the leaders of the G7 (G7) and…

Gemini trust will support the launch of Bitcoin ETFs in Canada

Arxnovum Investments has applied to register a Bitcoin Exchange Traded Fund (ETF) in Canada. The Winklevoss brothers’ New York Gemini Trust will hold the fund’s assets. Arxnovum Investments has submitted an application to launch the Arxnovum Bitcoin ETF with the Ontario Securities Commission (OSC). The firm plans to list the financial instrument on the Toronto Stock Exchange (TSX) under the ticker “BIT.U.”. The statement to the regulator was sent by the CEO of Arxnovum Investments…

New Zealand regulator warned of the risk of investing in crypto assets

The Financial Markets Authority (FMA) has warned New Zealanders about the risk of investing in cryptocurrencies, their high volatility, and the lack of industry regulation in the region. The FMA said that New Zealanders who have considered buying cryptocurrencies should be aware that these are “high risk and highly volatile” assets. “Cryptocurrencies are not regulated in New Zealand and are often used by scammers and hackers,” said an FMA spokesman. Earlier this week, the UK…

The first 10 BTC transaction between Satoshi Nakamoto and Hal Finney is 12 years old

12.01 marks the 12th anniversary of the first Bitcoin transaction. Its recipient was cryptographer Hal Finney, to whom Satoshi Nakamoto sent 10 BTC. The transaction was made 9 days after the creation of the first block and three days after the start of mining. In 2009, Finney wrote on the Bitcointalk forum that he mined the “70-something” block and became a participant in the first test transaction on the Bitcoin network. Finney made the first…

eToro has stopped trading with leverage in Europe

The eToro trading platform suddenly stopped leveraged trading in European countries due to “extreme market volatility”. On January 8, eToro’s clients in European countries where CFDs are allowed to trade received an email from the company. It stated that if traders did not increase their margin to 100%, then their positions would be closed at 21:00 GMT. Clients with an available balance can keep positions open by adding funds, while clients with no available balance…