Category Archives: Cryptocurrency News

Banxa payment service will be listed on TSX Venture Exchange

Australia-based digital payments infrastructure provider Banxa plans to be listed on the Canadian TSX Venture Exchange later this month. Banxa’s shares will be listed on the TSX Venture Exchange on December 25, with a market cap of nearly $ 50 million. This listing will be the first in the world for this type of cryptocurrency company. TSX Venture Exchange is a Canadian public venture capital market for emerging companies. It is operated by the TMX…

Finnish Customs and Europol shut down Sipulimarket darknet market and confiscate assets

The large darknet market Sipulimarket has been closed and its assets have been confiscated by Finnish customs in cooperation with Europol and the Polish police. Europol and the Finnish Customs Service said last week that they “closed the darknet market Sipulimarket and confiscated all its content.” The operation was carried out in close cooperation with the Polish Police Office in Wroclaw, Europol’s European Cybercrime Center and Eurojust. “The Finnish Customs confiscated the web server and…

Sweden prepares to move to digital crown in 2022

The Swedish government is preparing to go digital. The authorities plan to complete studies related to the release of the state cryptocurrency by the end of 2022. This was stated by the Minister of Finance of Sweden Per Bolund (Per Bolund), adding that by this time the government will provide a detailed report on its research and developments. To date, the authorities are still studying how to safely transfer the country’s payment infrastructure to digital…

US IRS adds cryptocurrency clause to main tax reporting form

The IRS added a clause on cryptocurrencies to the main body of Form 1040. Previously, the question of ownership of cryptoassets was in Appendix 1, which was not filled out by all taxpayers. The IRS has moved the issue of ownership of cryptocurrencies to the main body of Form 1040, which is filled out by most taxpayers in the country. Now the question “During 2020, did you receive, sell or otherwise acquire financial interest in…

SpaceChain has received £ 440,000 for the development of a decentralized satellite infrastructure

SpaceChain has received a £ 440,000 grant to develop a decentralized satellite infrastructure as part of the European Scientific Cooperation Agency EUREKA’s Globalstars initiative. In addition to the British project SpaceChain, Addvalue Innovation and Alba Orbital will participate in research and development. SpaceChain said it will use the funds to create a blockchain-based system that will display data from satellites in real time. The LEO satellite network is “democratizing” the emerging space industry, giving more…

Bitwise cryptocurrency index fund entered the OTC market

Bitwise Asset Management, a crypto asset management company, has opened access to the purchase of shares of the Bitwise 10 Crypto Index Fund through the OTC Markets Group. Previously, it was only possible to buy shares of the fund directly from Bitwise and at par. However, any investors now have access to trading index fund shares through their brokerage accounts. The fund is traded on the OTC Markets Group platform under the symbol BITW and…

France may tighten regulation of the cryptocurrency industry

The French Ministry of Finance has prepared a package of documents tightening the regulation and requirements for user identification (KYC) for cryptocurrency platforms. In addition to tightening KYC requirements, the resolution proposes to ensure regulation of all cryptocurrency transactions, even without the participation of fiat currencies. The French cryptocurrency association ADAN has been granted access to the document as a “trusted participant” in issues related to digital assets. According to ADAN President Simon Polrot, the…

ING Bank Tests Crypto Assets Storage Solution

For the first time, the Dutch bank ING disclosed information about preliminary testing of a digital asset storage solution that was developed as part of the Pyctor project. At the Singapore Fintech Festival, ING Blockchain Leader Herve Francois spoke about the work done under the Pyctor project. The project develops infrastructure for storage and post-trading of cryptoassets, and this year was included in the regulatory sandbox of the UK Financial Conduct Authority (FCA). Pyctor is…

Head of the Human Rights Foundation: “Bitcoin is a tool of humanitarian protection”

Alex Gladstein, Strategy Director of the Foundation for Human Rights, called bitcoin a “humanitarian remedy” against the sale of personal data and government control over the population. This was announced by Alex Gladstein at a conference on the development of bitcoin and blockchain, during which the topics of social loans in China and hyperinflation in Venezuela were discussed. Gladstein paid special attention to digital privacy, or rather, its absence. We are talking about the sale…

Desigual will use blockchain to track apparel supply chains

International fashion brand Desigual has announced that it will track shipments of goods on Finboot’s Marco platform to make supply chains more transparent and reliable. As part of this initiative, Desigual will use Finboot’s Marco blockchain platform to track the supply chain of products from initial order to arrival at distribution centers. According to the company, there are a number of logistical milestones that need to be overcome before the goods hit Desigual stores. These…