crypto traders

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5 Chinese Banks Say Legal Crypto Traders’ Accounts Will Not Be Frozen as Police Widen Crackdown

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Following reports that Chinese authorities are freezing bank accounts of cryptocurrency traders, five banks have reportedly clarified their policies. They confirmed that accounts with legal crypto transactions will not be frozen. However, some people claim that their accounts have been frozen without involvement in illegal activities. Crypto Traders’ Bank Accounts Frozen Chinese police have been … Read more

Market Update: Bitcoin World Reserve Theories, Market Cap Loses $16B, Analyst Predicts $7,500 ETH

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Digital currency markets are down on Sunday evening roughly 2.14% as global trade volume has slid by 31% this weekend. Coins like ethereum, bitcoin, litecoin, and bitcoin cash are all down between 1-2% in the last 24 hours. Crypto Assets Shed $16 Billion in Two Days At the time of publication, the cryptocurrency market capitalization … Read more

Chinese Authority Freezes Thousands of Cryptocurrency Traders’ Bank Accounts

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Several thousands of bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown on illicit activities. Frozen accounts are not necessarily involved in wrongdoing and can be unfrozen if the authority finds no evidence of illicit activities. Police Freeze Bank Accounts of Crypto Traders The … Read more

Denmark’s Tax Authority Sends Warning Letters to 20,000 Crypto Owners

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The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these traders from three local crypto exchanges. Also … Read more

PR: Folgory Launches Mobile App and Regulated Crypto Exchange

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Folgory, the fully integrated app and trading exchange launches to bring a range of services to crypto users. The intellectual and logistical demands of trading crypto currency have hitherto been tricky at best, complex at worst. Folgory has created an easy to integrate and manage solution designed for the crypto trader looking for speed, ease … Read more

Denmark’s Tax Agency to Collect Information About Bitcoin Traders

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Danish tax authorities will soon be going after cryptocurrency traders in the country and beyond. The plan is to collect data from local bitcoin exchanges in order to verify if citizens who have traded digital assets have paid the right taxes. Information about foreign citizens and entities will be shared with other countries.    Also … Read more

PR: Killing Banks – A Financial Crypto Startup MoneyToken Announced 0% Loans and Token Burn This Wednesday

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MoneyToken crypto-backed loans platform has announced making zero-interest loans available for everyone. From 12th September September forward, anyone will be able to join the MoneyToken platform and get a loan under a 0% interest rate. To get a zero interest rate crypto-backed loan on the MoneyToken platform, users are required to purchase a special membership … Read more

South African Tax Authority Going After Crypto Traders

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The South African Revenue Service is working to improve the tracking of cryptocurrency traders and their transactions in order to verify if they are paying taxes. According to its Commissioner, the agency is exploring ways to better identify those that are profiting from trading digital assets and check if they are evading taxation. Also read: … Read more

PR: XULT – the New Cryptocurrency Exchange by Exchangecoin (EXCC)

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The ExchangeCoin team just announced that they are working on a new cryptocurrency exchange – Xult. When completed they will be able to offer complex services featured on the exchange platform to crypto traders. The new exchange will be powered by their cryptocurrency – EXCC. According to the information gathered from the ExchangeCoin team, during … Read more

Huobi Launches in Australia Offering 10 AUD Pairs

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Crypto exchange Huobi has started trading in Australia with 10 pairs against the AUD, including bitcoin cash (BCH). More trading pairs will be added in the future. The platform also plans to partner with local startups through its investment fund and a subsidiary. Also read: Switzerland Considers Granting Crypto Businesses Access to Banking Services Huobi … Read more