Indian women spend more, App Line launches Bitbox, Binance launches a crypto-fiat exchange in Uganda, Coinbase opens offices in Oregon, Bithumb announced 11 stolen crypto, SolarisBank helps blockchain companies in EEA, IRS investigates tax fraud
- BuyUcoin, an Indian cryptocurrency exchange, has found that female Indian investors, on average, invested around $2,000 on digital currencies — twice the amount that men typically spent.
- App Line, Japan’s most popular chat app with approximately 200 million users worldwide, has confirmed the upcoming launch of its cryptocurrency exchange called Bitbox with over 30 cryptocurrencies.
- Binance is launching its first fiat-crypto exchange, ‘Binance Uganda’. This enables retail and corporate investors to exchange Ugandan currency for cryptocurrencies.
- Coinbase will open offices in Portland, Oregon, ostensibly adding 100 jobs to the local economy in the first year.
- Bithumb has announced the 11 cryptocurrencies stolen in last week’s theft and the amount of each coin missing. It has also revealed its plan to compensate all affected users in the equivalent value of the lost coins in an undetermined cryptocurrency.
- Facebook has updated its policy to allow cryptocurrencies to once again be advertised, while upholding its ban on the promotion of ICOs.
- Crypto and blockchain companies from the European Economic Area (EEA) can now conduct business through the fully licensed German SolarisBank. It offers its customers a so-called ‘blockchain company account’, which can only be opened in fiat currencies.
- The Internal Revenue Service (IRS) is stepping up its investigations into cryptocurrency-related tax fraud and unreported taxable gains. The IRS says that very few taxpayers actually report and pay tax on their cryptocurrency transactions.