Category: Crypto Exchanges

Korean Finance Minister vows to fight moves to delay the crypto tax code

September 17, 2021

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South Korea’s Minister of Strategy and Finance, Hong Nam-Ki has vowed that the controversial crypto tax code will come into effect on January 1st, 2022 despite moves this week by the majority Democratic Party to postpone it to 2023. The tax code will levy a 20% tax on income generated by crypto transactions in excess […]

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South Korea’s banking association alarmed by altcoin trading mania

May 10, 2021

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South Korea’s banking body wants crypto exchanges to be wary of the risks of being overexposed to altcoins. 1432 Total views 10 Total shares The Korea Federation of Banks has raised alarm over the increase in altcoin trading volumes across crypto exchanges in the country. According to a report by The Korea Herald on Monday, […]

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Bitcoin Exchange LVL Launches Mastercard Debit Card

January 22, 2021

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The card can spend crypto and fiat around the world. LVL’s debit card(LVL) Jan 22, 2021 at 5:01 p.m. UTCUpdated Jan 22, 2021 at 5:03 p.m. UTC Bitcoin Exchange LVL Launches Mastercard Debit Card Upstart cryptocurrency exchange LVL is opening pre-orders for a Mastercard debit card linked to bitcoin and fiat accounts. The card is […]

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Coinbase-Backed Bitso Raises $62M to Expand Crypto Footprint in Brazil

December 9, 2020

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Dec 9, 2020 at 3:00 p.m. UTC Coinbase-Backed Bitso Raises $62M to Expand Crypto Footprint in Brazil Latin American crypto exchange Bitso has raised a whopping $62 million funding round, the largest in the region for a digital asset firm. Announced Wednesday, Mexico City-based Bitso’s Series B also heralded the first investment in crypto by […]

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Token Projects Are Not Happy With KuCoin’s Handling of $280M Hack

November 13, 2020

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Nov 13, 2020 at 6:30 p.m. UTC Token Projects Are Not Happy With KuCoin’s Handling of $280M Hack The latest face-saving communique from Seychelles-domiciled crypto exchange KuCoin – hacked almost two months ago for over $280 million – is that 84% of the affected assets have been recovered. Some victims will be glad the situation seems […]

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DeFi Trading App Dharma Now Connects Directly to US Bank Accounts

November 2, 2020

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Nov 2, 2020 at 16:00 UTCUpdated Nov 2, 2020 at 16:13 UTC Dharma wheel (Met Museum, modified by CoinDesk) The startup for trading in decentralized finance (DeFi), Dharma, has now enabled automated clearing house (ACH) purchases in 10 U.S. states. ACH enables direct transfers from U.S. bank accounts so that users can go straight from […]

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