Cointelligence Blog

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South Korea demands 24.2% tax rate from bitcoin exchanges

South Korea has announced taxation requirements for cryptocurrency exchanges but markets fail to react to the news.
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Ripple price XRPUSD facing crucial resistance

Ripple price started an upside correction from the $0.8570 swing low against the US dollar. However, XRPUSD is currently facing a strong resistance near $1.73, and the 50 period simple moving average (50 SMA) on the 4 hour XRPUSD chart is also representing a significant resistance level.
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Selling shovels in a gold rush: Ledger raises $75 million

Demand for Ledger's hardware wallets jumped 33-fold in 2017 to over a million orders. Investors are banking that will climb higher in 2018.
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Major hiring taking place at cryptocurrency exchanges

Sky high demand is overrunning cryptocurrency exchanges. This record demand has dramatically slowed, and sometimes completely restricted, cryptocurrency exchange’s ability to provide services to users. Several exchanges have had to temporarily close their doors as they search for solutions. Others,...
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The first purchase via Bitcoin's Lightning Network has just happened

A user on Reddit has just announced that he successfully used the Lightning Network to buy an AR300 VPN Router from TorGuard. The user, btc_throwaway1337, presented proof of the LN transaction in his post on Reddit.
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Over 200k South Koreans petition against cryptocurrency regulation

A national petition against cryptocurrency regulation has already received over 215,000 signatures and is currently awaiting an official response from the government.
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South Korea has no authority to close cryptocurrency exchanges

The South Korean Fair Trade Commission chairman says regulation for cryptocurrency exchanges is impossible to enforce within the current legal framework of the country. With many governmental officials openly working towards regulating the industry, many are wondering how this will be done.
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India accounts for 10% of total international bitcoin transactions

Despite bitcoin's obvious popularity in India, the government's regulation prohibits businesses and retailers from introducing bitcoin to the country's mainstream economic sector.
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Blockchain eyes Coinbase competition as it launches bitcoin selling

Blockchain.info has launched limited Bitcoin selling Thursday, with its CEO confirming buying and selling in various cryptocurrencies will appear "in a few weeks."
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Venture capital firm launches platform to facilitate token ICOs

SPiCE VC is banking that token ICOs will only get bigger, but wants to provide guidance making sure new tokens can be safe with regulations
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