Bitcoin Is Now a Legal Form of Payment in New Zealand

In the August 2019 issue of New Zealand’s Tax Information Bulletin (published by the Inland Revenue Department), a new public ruling integrates “crypto-assets” as legal and taxable forms of payment. Correspondingly, New Zealand becomes one of the first nation states to create a proper framework for employees to receive cryptocurrency as part of their wages.…

Abu Dhabi Fund Invests in Crypto Exchange

Mubadala Investment Company, a sovereign wealth fund based out of Abu Dhabi, has made a foray into cryptocurrency by investing in the forthcoming exchange MidChains, according to the UAE English newspaper Gulf News. The investment is reportedly worth seven figures. Mubadala is the world’s 13th largest sovereign wealth fund by total assets. The investment in…

Cryptocurrency Miner Maker Coinmine Raises $2.5 Million

Coinmine, Inc., the creator of the Coinmine One cryptocurrency mining device, has raised $2.5 million in a funding round led by Los Angeles-based M13 Ventures with participation from Republic Labs, Gumi Crypto, Canaan Beta and early Uber investor Shervin Pishevar, the company’s CEO and co-founder, Farbood Nivi, told Bitcoin Magazine. The new funding round brings…

Barclays Ends Banking Relationship With Coinbase

Barclays Bank, one of the largest banking institutions in the world, will no longer be providing banking services to Coinbase UK. CoinDesk first reported the details of the split, adding that the exchange has signed up with a replacement banking partner known as ClearBank. Coinbase started banking with Barclays in 2018, in a deal which…

UN Investigating North Korea’s Crypto Crimes

Following an August 5, 2019, report on North Korea’s cryptocurrency exchange hacks, the United Nations (UN) has decided to probe 35 cyber-attack cases linked to Pyongyang across 17 countries. South Korea: The First Victim According to the Associated Press, North Korean agents have gotten better at attacking their closest neighbor, South Korea. Of all of…