Citigroup Ready to Go Crypto as Goldman Sachs ‘Wades Deeper into’ Bitcoin

“A surge in interest from clients” has motivated the financial giant Citigroup to move into the world of crypto – after the bank stated that it was considering the launch of crypto trading, custody and financing services. Speaking to the Financial Times, Itay Tuchman, Citigroup’s global head of foreign exchange, claimed the bank would not be rushed into committing

K-pop Stars Feature in Newly Released Crypto-themed Movie ‘Twenty Hacker’

A trailer screenshot. A galaxy of K-pop stars-turned-actors is likely to draw music and cinema fans to a new South Korean crypto-themed movie that will begin streaming on major international platforms in the coming days. As reported last year, the pop star Kwon Hyun-bin, aka Viini, of the K-pop boyband JBJ, was recruited to play the lead role in what was originally filmed

German Regulator Refuses to Budge in Binance Stock Token Dispute

Source: Instagram, Binance The Federal Financial Supervisory Authority (BaFin), the German financial markets regulator, has turned down a plea from the crypto exchange giant Binance to remove warnings about stock or inventory tokens – coins meant to represent shares in American stock market-listed firms. BaFin last month posted warnings on its website about possible securities law violations

Taxman Comes Calling at Kraken – IRS Gets Hands on Data from 2016-2020

A branch of the California District Court has granted the American tax collecting body, the Internal Revenue Service (IRS), permission to issue a John Doe summons on the crypto exchange giant Kraken – in a bid to discover the identities of United States residents and citizens who have conducted high-value crypto transactions in the past four years. The IRS is known to have been

XRP Holders Itching for Legal Battle in Protracted Ripple vs SEC War

Ripple’s long-running struggle against the American regulatory Securities and Exchange Commission (SEC) looks set to rumble on – although it could be set to take a new turn as the presiding judge is set to make a key decision, while XRP holders are itching to enter the legal area. The case centers around the SEC’s claim that the Ripple-affiliated XRP coin is an

JPMorgan Boss Still Bashes Bitcoin – as His Firm Readies a BTC Fund

Jamie Dimon, the CEO of JPMorgan. JPMorgan’s CEO Jamie Dimon has reiterated he has no interest in bitcoin (BTC) in spite of the fact that his company is reportedly on the verge of launching a ground-breaking bitcoin fund. Last month, media reports linked the firm with the imminent launch of an actively managed BTC fund that will be made available to certain clients as

‘MLM Crypto Exchange’ Victims ‘Mainly Pensioners and Housewives’

Source: Adobe/Coloures-Pic Police in South Korea are continuing their investigation into the crypto exchange V Global, with some reports claiming that up to 40,000 investors may potentially have been left out of pocket – most of whom have been described as “elderly citizens and housewives.” Police swooped on 22 locations this week, including the V Global head office in Seoul and the home of

South Korean Crypto Tax U-Turn Looking Unlikely, Despite Outcry

Despite the recent outcry about crypto tax among younger South Koreans, a new small survey has found that most of the respondents are in favor of imposing taxes on crypto traders’ profits. Per Segye Ilbo and Chosun, the survey quizzed 500 people aged 18 and over nationwide and was commissioned by the media network YTN and conducted by Real Meter. And almost one in six

An Ambitious Spanish Man Offered His Parking Space for Bitcoin

Source: Adobe/Björn Wylezich A small section of Spaniards is slowly seeking to turn its backs on fiat in favor of crypto for real estate transactions – with the owner of a parking space in A Coruña, a city in the Spanish province of Galicia – the latest to seek a bitcoin (BTC)-powered sale. The space, in an underground parking lot beneath the central Hotel Riazor, is just 12sqm in size, but

Crypto Exchange Raided on MLM Fraud Charges, USD 214M In Assets Frozen

V Global, a South Korean crypto exchange has been raided by police, with the firm’s CEO placed in custody, homes, and offices searched, and assets frozen – with the trading platform accused of masterminding a large-scale, illegal multi-level marketing operation. Police succeeded in obtaining court and prosecution service orders that have allowed them to search 22

Australian Crypto ETF, Digital Dollar Pilots, MetaMask Phishing Bot + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investments news The Australian Securities Exchange is reviewing a number of applications for a cryptocurrency-based exchange-traded fund (ETF) that could be launched as soon as this year, Business Insider Australia

Ethereum’s Vitalik Buterin Now a Billionaire as ETH Prices Surge

Vitalik Buterin. Source: a screenshot, YouTube/ETHWORLD. The Ethereum (ETH) co-founder Vitalik Buterin appears to have become a billionaire – as the latest ETH price surge saw the token reach a new all-time high, pushing the value of his crypto holdings well over the USD 1 bn mark. And in addition to a main account that now holds over USD 1bn worth of ETH, it appears that his second account

Exchanges Reopen Centers to Cater for Older Crypto Customers

South Korea’s biggest crypto exchanges are tentatively reopening their bricks-and-mortar customer centers – seemingly driven by a rise in older would-be investors who would rather get tips on crypto buying on a face-to-face basis than via smartphone or PC apps. Per Chosun and Joongang Ilbo, the market-leading trading platform Bithumb has announced that it will be opening

Young South Korean Crypto Enthusiasts Ditch Youtube For TikTok

Young South Korean crypto enthusiasts are reportedly increasingly shunning YouTube – once their favorite resource for crypto investment advice and token-related talk – in favor of TikTok-based crypto content-makers. Per Chosun, Generation Z investors are increasingly looking to broaden their horizons – sinking their wages from part-time jobs into crypto and stock

Cuban Challenges Investment Star to Smart Contract Crypto vs Stocks Bet

Mark Cuban. Source: A video screenshot, Youtube/Vanity Fair The increasingly bullish former bitcoin (BTC) skeptic Mark Cuban has once again waded into crypto-related waters – setting up a public bet against a high-profile investor who favors conventional stock trading. Cuban, the star of Shark Tank and the owner of the Dallas Mavericks NBA franchise, has decided to pick his latest crypto battle

Police: Suicide Linked to USD 180,000 Crypto Losses

Source: iStock/D-Keine A South Korean man aged in his twenties has committed suicide – and police claim that a crypto investment gone wrong likely drove him to take his own life. Police in Gangneung, Gangwon Province, said the man was found dead in the area on the afternoon of April 24. No suicide note was discovered, but officers told the media that crypto investment was thought to have driven

UK Taxman Gears up for Assault on Crypto-holding Tax Evaders, Say Accountants

A British chartered accountancy company says that UK tax authorities will quiz suspected tax evaders on their crypto holdings – to determine if individuals are seeking to avoid paying tax by making crypto purchases. In a press release shared with Cryptonews.com, the accountancy, UHY Hacker Young, said it had evidence Her Majesty’s Revenue and Customs (HMRC) was preparing

Task Force to Tell Washington: Ramp Up Crypto Exchange Regulation

An advisory body will reportedly tell the American government to increase the level of its policing of crypto exchanges – with a new spate of anti-money laundering (AML) measures possibly incoming at trading platforms operating in the country. Per a report from Reuters, the Ransomware Task Force, a public-private body made up of secret service officials and industry

South Korea’s Ruling Party, Regulators at Odds over Crypto Policy

Source: Adobe/david_franklin South Korea’s finance minister and Deputy Prime Minister has risked invoking young voters’ further ire with a crypto-related tirade – although it appears not everyone pulling the strings in the government is ready to sing from the same hymn sheet on this increasingly divisive issue. Per Yonhap, the finance chief, Hong Nam-ki, insisted that the government would

Cuban & Musk Turn up the DOGE Again – Critics Ring Warning Bells (Again)

Source: Adobe/Pixel-Shot Crypto pundits have urged caution after another Elon Musk-fuelled dogecoin (DOGE) rally sent the token up to the verge of the top five coins per market capitalization. DOGE is now testing the waters beneath the USD 0.33 mark, with 24-hour growth of just over 20% at the time of writing (UTC 10:38). It's up by 504% in a month and 13,661% in a year. DOGE price chart today:

5 Ways Visa Wants to Work with Crypto and CBDCs

The Visa CEO Al Kelly has outlined five different opportunities his company sees for payments firms in the “crypto and bitcoin (BTC)” space – as well as the world of stablecoins and central bank-issued tokens. In a Q2 2021 results earnings call, Kelly once again reaffirmed his and Visa’s position that tokens such as BTC are “digital gold,” while “digital

South Korean Regulators Tell their Staff: ‘Stay Away from Crypto’

A number of South Korean civil servants could be barred from making crypto investments, with a ban on token-related activities for those who work for financial regulatory bodies. In a report from the TV network SBS, a journalist stated that employees of the top financial regulators, the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) are

Upbit Introduces Daily Limit on Deposits as ‘Self-Regulation Begins’

South Korean media outlets have suggested the nation’s crypto exchanges are beginning to “self-regulate” as pressure mounts from the government – with the Upbit trading platform capping crypto deposits to a daily maximum of just under USD 450,000. Per Donga Ilbo, one of the country’s biggest newspapers, the new daily deposits cap is a “sign that the industry may be

LUNA on the Rise as South Korean City Mulls Terra Stablecoin Proposal

Terra’s LUNA token is enjoying a rapid burst of growth, with prices up almost 9% on the past 24 hours – following news that the South Korean firm may be working on local stablecoin-related plans with the nation’s second city, Busan. At 09:05 UTC, LUNA, ranked 21st by market capitalization, trades at USD 18.79 and is also up by 35% in a week. The price is almost

Tesla Sends Bullish Bitcoin Signal To Global Corporates

The bitcoin (BTC)-keen carmaking giant Tesla has sent a bullish signal to the global business community, with its chief financial officer Zachary Kirkhorn claiming that BTC has “long-term” worth and could be used to solve cash liquidity problems. In an earnings call to investors reporting on FY2021 first-quarter results, Tesla confirmed that last month it sold 10% of the