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U.S. Crypto ATM Network Helps to Promote Social Distancing

News Bitcoin Depot, the largest Bitcoin ATM operator in the world, has begun powering down some of its machines in an effort to halt further spread of COVID-19. As much of the world sits in quarantine, Bitcoin Depot has chosen to temporarily shut off crypto ATMs which specifically reside in high t..

Cardano’s Byron Reboot Goes Live, Paving Way to Shelley Mainnet

News Proof-of-stake (PoS) blockchain Cardano (ADA) went live with its Byron reboot yesterday, March 30, as the project prepares its transition to the Shelley mainnet. Announced by Cardano’s developer, the peer-to-peer technology firm Input Output Hong Kong (IOHK), the reboot involves a series of u..

Huobi Wallet and Crypto Lender Cred Now Enable Users to Earn Interest

News Major cryptocurrency exchange and wallet provider Huobi has partnered with decentralized crypto lending platform Cred to enable users to earn interest on their holdings. An announcement on April 1 revealed that Cred’s lending and borrowing services will be fully integrated into the Huobi Wall..

Strict Japanese Crypto Laws Discourage Foreign Exchanges … For Now

News A new report has found strict regulations are discouraging overseas exchanges from opening in Japan, but would likely benefit new players in the long term. Double jump.tokyo, the game developer behind My Crypto Heroes, commissioned a research team at So & Sato Law Offices to carry out a compr..

Virtual Blockchain Week Is A Virus-Proof Crypto Conference

Announcement It’s just the kind of event that these sequestered, hunkered-down times call for. With COVID-19 still wreaking havoc on any plans to get more than ten people in a room together, Virtual Blockchain Week is a weeklong conference taking place completely online, and it just so happens tha..

PayPal Is Hiring a Blockchain Strategy Director

News Digital payments giant PayPal posted a new job listing on March 23, where the company seeks to hire an Anti-Money-Laundering (AML) and Blockchain Strategy director for their Global Financial Crimes (GFC) division. According to the company, the new director —based in New York — will be in char..

Brazilian Crypto Exchange XDEX Announces Full Closure

News Brazilian crypto exchange XDEX, which is owned by the largest stock broker in Latin America, announced the end of its activities. The company announced its closure on March 31: "Today, we announce that XDEX is starting the process of closing its activities. Market projection, competition and ..

During Coronavirus Pandemic, IRS Cuts Taxpayers Some Much Needed Slack

Expert Take Crypto communities and the United States Internal Revenue Service haven’t exactly had a love fest over the last five years. It started in 2014, when the IRS said crypto was property, and it hasn’t got much better since. In addition to sending those 10,000 “beware” letters and trying to..

Institution-Focused Crypto Trading Platform Reports 737% Revenue Increase in 2019

News Hong Kong Stock Exchange-listed BC Group, the operator of institution-focused digital assets trading platform OSL, reported a 737% increase in revenue in 2019. On March 31, BC Group revealed that its OSL digital assets platform had been its largest 2019 earner, accounting for 44% of the Group..

Tokyo District Court Extends Mt. Gox Rehabilitation Plan Deadline

News The trustee of now-defunct Japanese cryptocurrency exchange Mt. Gox has extended the deadline for the submission of rehabilitation plans. According to an official announcement published on the company’s website on March 30, Mt. Gox Rehabilitation Trustee Nobuaki Kobayashi filed a motion with..

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