2020’s Standout Cryptocurrency Chainlink Reaches Another New Milestone

Chainlink (LINK), one of the best-performing alternative cryptocurrencies (altcoins) in 2020, saw another statistic reach a record high, namely the number of Twitter followers.  According to market data and research firm CryptoCompare, social media followers of the project are continuously surging past new highs. Researchers at CryptoCompare wrote: “LINK has been one of the standout altcoin performers of 2020 and seems to be going from strength to strength. Its social media followers seem to be growing in tandem as it gains popularity.” Social media metric of Chainlink relative to its…

The Bank of Lithuania Released a Cryptocurrency, But It’s for Collector

The Bank of Lithuania has released a digital, blockchain-based collector coin dedicated to the country’s Act of Independence of 1918 and its 20 signatories. Claiming a world first, the central bank says the digital coin represents “a bridge that brings together classical numismatics and rapidly evolving financial technologies.”  Issued on July 23, the new LBCOIN is intended both as a national symbol and as a signal of the bank’s strategic choice to drive innovation in the field of finance and payments. “Digital money is inevitable” Marius Jurgilas, a member of…

South Korea Finalizes Cryptocurrency Income Tax of 20%

The South Korean government has announced a 20% tax rate for income generated from cryptocurrency trading. Following a Tax Development Review Committee meeting on July 22, the Ministry of Economy and Finance published its revised tax code detailing the new rules.  In a section headed, “Taxation on Virtual Asset Transaction Income,” the ministry introduced the new rules with a note that at present, both personal (resident and non-resident) and foreign corporations’ virtual assets are non-taxable.  The government states that introducing taxation for virtual assets is now necessary, pointing to the…

Mastercard Expands Cryptocurrency Program for Crypto Card Issuers

Mastercard is reaching out to cryptocurrency firms and encouraging them to apply to become partners as part of its newly-expanded cryptocurrency card program. On July 20, Mastercard said it was simplifying access to its Accelerate program for crypto card issuers, allowing applicants to be onboarded as partners “in a matter of weeks.”  Now enhanced for crypto card applicants, the Accelerate program gives partners support with their market entry, continued growth and international expansion.  New crypto partners will be assisted in integrating Mastercard’s technology and will be in a position to…

Cryptocurrency Exchange OKEx Lists Polkadot’s DOT Token

OKEx has listed the native token of Polkadot (DOT) on its trading platform. According to an announcement shared with Cointelegraph on July 17, DOT spot trading against Tether’s USDT stablecoin on OKEx started at 8:00 AM UTC today. As Cointelegraph recently reported, Pokadot’s technology allows developers to spin up a new blockchain within one hour. Per the announcement, DOT deposits and withdrawals aren’t supported yet, and the tokens can currently only be obtained by claiming them on the mainnet from Ethereum’s blockchain. OKEx also recently published a detailed guide on…

New Trojan Attack Targets Mac Users to Steal Cryptocurrency

A new trojan attack using malware called GMERA is targeting cryptocurrency traders who use trading applications on Apple’s macOS. The internet security company ESET found that the malware comes integrated into legitimate-looking cryptocurrency trading applications and tries to steal users’ crypto funds from their wallets. Researchers at another cybersecurity firm Trend Micro first discovered GMERA malware in September 2019, when it was posing as the Mac-specific stock investment application Stockfolio.  Copying the actual applications ESET found the malware operators have integrated GMERA to the original macOS cryptocurrency trading application Kattana.…

Ziglu Insures Cryptocurrency Holdings up to £50,000 Against Cybercrime

United Kingdom cryptocurrency banking platform Ziglu launched an insurance program on July 15 for digital assets held with the service. Under the new program, each customer’s cryptocurrency holdings are insured against cybercrime to a value of £50,000 ($63,000). Customer assets are held in segregated accounts, with the vast majority stored in offline cold wallets. These additional measures decrease the risk of theft through hacking or other means. Multi (fiat and crypto) currency accounts As Cointelegraph reported, Ziglu is the brainchild of Mark Hipperson, former Barclays technology head, and co-founder of…

Chainlink (LINK) Becomes the ‘Tesla’ of Cryptocurrency — What’s Next?

As Bitcoin’s (BTC) price continues to trade in a tightening range, the altcoin market has been pushing higher each week, and the most recent surge has come from Chainlink (LINK). After breaking above the $5 level, LINK’s price surged nearly 100% in a matter of days and ended by making a new all-time high at $8.40. Through this massive push, LINK surpassed EOS and Crypto.com (CRO) to claim a spot among the top ten cryptocurrencies listed on CoinMarketCap. Investors are now curious to see if Tezos (XTZ) will continue to follow…

Cryptocurrency News From Japan: July 5

This week’s headlines from Japan included real estate player Tosei and Tokyo Financial Holdings listing an asset-backed digital financial product, Cointelegraph Japan interviewing a former Japanese central bank staffer, Coinage registering as an exchange with Japan’s financial services agency, and a life insurance company testing digital asset billing transaction.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Tosei and Tokyo Financial Holdings launch a digital securities product Real estate outfit Tosei and Tokai Tokyo Financial Holdings, hold plans for a digital securities product.…

To Accelerate Cryptocurrency Adoption, We Must First Improve User Experience

Only with increasing difficulty can one recall a time when the majority of the world was yet to adopt the internet. In 1995, user adoption of the internet had​ ​only reached​ 10% of American households, five years after the very first web browser was launched. Another five years later, in the year 2000, 50% of the United States nation had already adopted the internet. Imagining today’s world without internet is simply unfathomable and, in the future, the same will be said about cryptocurrency. The technologies fostered by the crypto industry…