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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

PYMNTS

Proposed amendments to existing bills want to classify cryptocurrencies as goods rather than currencies. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. They falsely claimed to have a Harvard-educated CEO backing them. And, the U.S.

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Potential Facebook Crypto Launch Pushes Bitcoin Over $9,000

PYMNTS

The coin was buoyed by the news that Facebook will potentially launch a cryptocurrency of its own. Bitcoin hasn’t been as high as $9,000 since May of 2018, and the cryptocurrency is now up 14 percent since January. There are reports that say Facebook’s cryptocurrency launch could happen as soon as Tuesday (June 18).

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Fed’s Brainard Warns Of Risks Posed By Libra, Cryptos

PYMNTS

18) outlined key risks associated with cryptocurrency in general and Facebook’s Libra in particular. At the start of Benoît’s ECB term, bitcoin’s market capitalization was small, and only a handful of cryptocurrencies existed. Federal Reserve Gov. Lael Brainard on Wednesday (Dec.

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Libra Association Pursues FINMA Payment License

PYMNTS

The Libra Association is petitioning the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned Libra cryptocurrency, Reuters reported on Wednesday (Sept. The social media giant wants to move forward and launch Libra in June despite global questioning and hesitation.

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Barclays Throws Cold Water on Bitcoin’s ‘Best Day’

Bank Innovation

The price of bitcoin surged above $8,000 today for the first time in several weeks, a rise of more than 13% over the past 24 hours, prompting excitement in the cryptocurrency community. The combined market capitalization of all cryptocurrencies rose 16% over the same period.

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Overstock CEO Resigns After Disclosing Romance With Russian Agent

PYMNTS

In June , Byrne was ready to welcome Facebook’s entry into the cryptocurrency market. At the Fortune Brainstorm Finance conference in Montauk, New York, he said the social media giant’s launch of its own digital currency validates the space, and that Overstock would be open to partnering with Facebook on the project.

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BOE Gov: Facebook’s Libra Will Need Regulation

PYMNTS

Bank of England (BOE) Governor Mark Carney said Facebook’s newly-announced cryptocurrency, Libra, can’t be the same unregulated type of service that Facebook is, according to a report by Reuters. Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”.