New Zealand Cryptopia cryptocurrency exchange has been offline for more than two weeks now, after acknowledging that it had suffered a hacking attack resulting in “significant losses.” According to a recent blog post from blockchain analytics company Elementus, however, the exchange’s offline status doesn’t appear to have deterred the hackers, who have continued to steal ether from Cryptopia wallets:
While the Republic of the Marshall Islands has not yet launched its Sovereign digital currency (SOV), officials have selected the Swiss crypto wallet maker Tangem to issue physical banknotes for the project. Tangem announced the news in a press release on Monday:
Indiana legislators may soon consider a new bill that would allow taxpayers to pay their taxes with certain approved digital currencies. The proposed law, House Bill No. 1683, was introduced last week and submitted to the Committee on Ways and Means on January 24.
Many Bitcoin investors are choosing gold over Bitcoin as their primary investment for 2019, according to Van Eck Associates CEO Jan Ven Eck. In comments during a Wednesday appearance on CNBC’s ETF Edge, Van Eck suggested that his observation was based on a survey of 4,000 bitcoin investors.
The Malta Financial Services Authority (MFSA) issued a warning on Friday, advising the public about a potential scam entity called “Bitcoin Revolution.” According to the advisory, Bitcoin Revolution is likely an international scam, and the public is advised to “refrain from undertaking any business or transactions” with the entity.
California-based digital currency exchange Coinbase has taken steps to simplify the crypto tax-filing process for its customers in the United States. In a January 24 blog post, the company announced the addition of resources to aid taxpayers who have engaged in any sale, use, or conversion of cryptocurrency assets that may trigger U.S. tax obligations.
The Pennsylvania Department of Banking and Securities (DoBS) issued guidance this week declaring that cryptocurrency service providers and exchanges do not qualify as money transmitters. As a result, they are not subject to the licensing provisions of the state’s Money Transmitter Act (MTA).
Blockchain Industries, Inc. has signed a binding letter of intent to merge with Singapore-based BTHMB Holdings Pte. Ltd., which will be rebranded as Blockchain Exchange Alliance (BXA). In a press release, the company announced that the two firms will merge into one entity and become “a publicly traded cryptocurrency exchange company.”
The future for cryptocurrency remains unwritten, and only time will tell whether it eventually becomes as integrated into the economy as the internet or as limited and forgettable as the Segway, according to a LinkedIn post published this week by Nasdaq President and CEO Adena Friedman.
Last week, South Korean digital currency exchange Coinnest mistakenly airdropped more than $5 million worth of cryptocurrency and Korean won to its customers, according to reports from Coindesk. Now, the exchange is asking those users to return the funds as it takes steps to roll back the erroneous transactions.
Two executives from the one-year-old South Korean cryptocurrency exchange Komid have been jailed on charges that they inflated trading volume and falsified volume reports, according to recent reports from News Asia. The scheme reportedly included 5 million fabricated transactions designed to deceive investors, which enabled the duo to fraudulently earn about $45 million.
Minnesota Republican Congressman Tom Emmer this week announced that he was reintroducing the Blockchain Regulatory Certainty Act, according to his congressional website. The bill was previously introduced in the House of Representatives last September and is co-sponsored by Democrat Congressman Darren Soto.
South African officials this week announced the release of a consultation paper on crypto assets, in a joint statement from the South African Revenue Service (SARS), the Financial Intelligence Centre (FIC), the South African Reserve Bank (SARB) the National Treasury (NT) and the Financial Sector Conduct Authority (FSCA).
Bitwage revealed this week that its services will now enable companies in the United States to use cryptocurrency to pay their W2 employees and related payroll tax obligations. The service is the result of a partnership between Bitwage and Texas-based payroll and human resources firm Simply Efficient HR, according to a Coinstituency article posted on the Bitwage blog.
Denmark’s Tax Council recently authorized the country’s Tax Authority to acquire user data and transaction details from three cryptocurrency trading exchanges, according to a January 14 announcement on the agency’s official website.
After being down for unscheduled maintenance for more than 24 hours, New Zealand exchange Cryptopia has confirmed via twitter that the exchange suffered ‘significant losses’ in a Jan. 14 (local time) security breach.
The Malaysian government confirmed on Monday that its new cryptocurrency law will go into effect on January 15, according to reports from Reuters and local Malaysian news outlets. Finance Minister Lim Guan Eng is reported to have confirmed the news, mere days after Federal Territories Minister Khalid Abdul Samad told reporters that the government had not yet decided cryptocurrency’s legal status in the country.
BCEX Global recently announced that it was listing the Einsteinium Foundation’s EMC2 digital currency on its cryptocurrency exchange. The EMC2 token can now be deposited, withdrawn, and traded on the exchange.
The legal status of cryptocurrency remains an open question in Malaysia as the government has yet to make a final determination on the subject, according to recent reports from Malaysian media outlet Malay Mail.
Coincheck announced in a January 11 statement that the company has been formally registered as a licensed cryptocurrency exchange agency. According to that statement, the company’s registration with the Kanto Financial Bureau is effective today.