Crypto News Roundup for Jan. 17, 2020

More ways to listen or subscribe: Whether you’re a first-time listener or you’ve heard every episode, we’d like to know what you think about the show. What do you like? What don’t you like? What do you think we’ve totally missed but should be talking about every day or at least every week? Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency…

SEC Charges ICO Operator Who Used Alias After Past Conviction

The U.S. Securities and Exchange Commission charged CG Blockchain Inc., BCT In. SEZC and their operators Boaz Manor and Edith Pardo with fraud, alleging he raised $30 million through an initial coin offering (ICO). The SEC alleged in a press release Friday that Manor hid a past criminal conviction by working under an assumed name, passing himself off as an employee of Pardo’s to raise funds for BCT. As part of this effort, Manor allegedly “darkened his hair [and] grew a beard” out of concerns that his actual identity might…

Binance in Talks to Launch Crypto Trading Joint Venture in Japan

Crypto exchange Binance is eyeing the launch of a new trading platform dedicated for the Japanese market. According to a blog announcement on Thursday, the firm said it is discussing a strategic partnership with Z Corporation and existing Japan-based exchange TaoTao to work together to provide “trading services” in the country. Z Corporation is a wholly-owned subsidiary of Z Holdings Corporation, itself a subsidiary of Tokyo-based multinational Softbank (formerly Yahoo Japan). The three firms would harness Binance’s technologies in order to build out the new service, according to the announcement.…

Deribit Takes On New Trading Tools to Capture ‘Exploding’ Options Market

Amid increasing activity within the crypto derivatives market, software maker Trading Technologies (TT) announced Wednesday it would provide trading tools to users of leading crypto exchange, Deribit. Included in the suite are advanced order types, charting and analytics as well as access to a feature allowing users to create algorithms for bot trading. TT users eligible to trade on Deribit will be able to access all listed products, including bitcoin (BTC) and ether (ETH) futures, perpetual and options contracts. Dutch-based (for another month) Deribit, founded in 2016, is now the…

US Lawmakers Try Again on Tax Relief for Small Crypto Payments

U.S. lawmakers have resurrected a bipartisan push to exempt gains from small cryptocurrency transactions from being taxed.  On Thursday, Reps. Suzan DelBene (D-Wash.), David Schweikert (R-Ariz.),  Darren Soto (D-Fla.) and Tom Emmer (R-Minn.) introduced “The Virtual Currency Tax Fairness Act of 2020,” an amendment to IRS tax code that would exempt realized gains under $200, otherwise known as a de minimis threshold. From a practical standpoint the bill could simplify the tax burdens of day-to-day crypto users who must report even marginal capital gains under current federal law. This is…

MARKETS DAILY: Crypto News Roundup for Jan. 16, 2020

More ways to listen or subscribe: Whether you’re a first-time listener or you’ve heard every episode, we’d like to know what you think about the show. What do you like? What don’t you like? What do you think we’ve totally missed but should be talking about every day or at least every week? Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency…

Bitcoin’s Share of PoW Mining Rewards Now Above 80%

Rewards received by bitcoin miners form a major chunk of the salaries paid across major proof of work (PoW) blockchains, according to Yassine Elmandjra, a cryptocurrency analyst from ARK Invest. For example, bitcoin miners were paid over $15 million worth of the cryptocurrency as incentive to mine blocks and secure the network on Jan. 9. Meanwhile, the total rewards paid across bitcoin (BTC), ethereum (ETH) and other major PoW cryptocurrencies including zcash (ZEC), litecoin (LTC), ethereum classic (ETC), bitcoin cash (BCH) and bitcoin SV (BSV) were just a bit more…

Winklevoss-Led Gemini Exchange Now Has Its Own Insurance Company

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has created its own insurance company to protect clients against the potential loss of coins from its offline vaults – with a possibly record-breaking $200 million coverage limit. Announced Thursday, the new “captive” will provide insurance for customers of Gemini Custody, the crypto cold storage service of Gemini Trust Company. Typically, cold storage policies cover losses due to insider thefts and collusion, as well as the destruction of private keys by natural disasters like floods, earthquakes and so on. Cold…

Electric Coin Company SDK Paves Way for Shielded Zcash Payments on Mobile

The for-profit entity working on Zcash has published a software development kit (SDK) for both Android and iOS. According to a blog post Wednesday, the Electric Coin Company (ECC) has published an improved Android SDK and new iOS package to help developers support shielded payments on mobile devices. The new software tools come alongside a lightweight server for backend processing of mobile shielded payments, meaning addresses, transaction amounts and memos within transactions are obfuscated. While multiple zcash wallets already exist for laptop and desktop computers on the ZecWallet service, today’s…

BTCPay Server Now Processing Blockstream’s Liquid Assets

Blockstream’s Liquid sidechain is now integrated with BTCPay Server, the self-hosted bitcoin payment processor. Announced Wednesday at 20:15 UTC, BTCPay customers can now transact assets issued on the federated sidechain such as liquid bitcoin (L-BTC) or tether (L-USDT), according to a Blockstream blog post. Liquid’s confidential asset tech – a privacy protocol that blinds typical blockchain transaction information – is now part of the BTCPay suite of payment options thanks to the partnership, the team writes. Instead of operating on the bitcoin network, which, according to rule of thumb, requires…