Some of the best and most meaningful crypto news of the day.
market meddling
US Court Freezes BitConnect Assets as Lawsuits Mount
A temporary restraining order (TRO) freezing BitConnect's assets has been granted in the U.S. after a second lawsuit was filed against the cryptocurrency exchange and lending platform on Monday.
https://www.coindesk.com/us-court-freezes-bitconnect-assets-as-lawsuits-mount/
Source: coindesk.com
regulation
The Tax Man is Finally Catching Up On the Crypto Market
When Bitcoin was still deeply buried underground in the world of unknown technology and the dark web, it was hardly seen as a threat, or even legitimate by those in power. However, it soon proved many in the mainstream wrong as it’s popularity and price skyrocketed.
https://cointelegraph.com/news/the-tax-man-is-finally-catching-up-on-the-crypto-market
Source: cointelegraph.com
Bitcoin Tax Payments Bill Advances in Arizona
Lawmakers in Arizona have advanced a proposal that would allow residents in the state to pay their taxes in bitcoin.
https://cointelegraph.com/news/the-tax-man-is-finally-catching-up-on-the-crypto-market
Source:coindesk.com
mass adoption
Line Pay App to Launch Cryptocurrency Services
The provider of a popular messaging app in Japan, Line Corporation, has announced the launch of a new company that will provide digital currency services.
https://www.coindesk.com/japanese-app-provider-line-corp-to-launch-cryptocurrency-services/
Source: coindesk.com
Square Adds Bitcoin Buying for More Cash App Users
Digital payments company Square is rolling out the ability to buy and sell bitcoin to more users of its popular Cash App.
https://www.coindesk.com/square-adds-bitcoin-buying-cash-app-users/
Source: coindesk.com
Taipei Partners With IOTA To Become A Blockchain-Powered Smart City
Taipei, Taiwan is seeking to become a smart city by utilizing the power of Distributed Ledger Technology (DLT), or Blockchain. The city has chosen to partner with IOTA, the inventors of the so-called Tangle technology for the Internet of Things (IoT), to provide a number of new technology features for residents.
https://cointelegraph.com/news/taipei-partners-with-iota-to-become-a-blockchain-powered-smart-city
Source: cointelegraph.com
market breakdown
Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, NEM, NEO, EOS: Price Analysis, Jan. 31
With the news from South Korea confirming government’s positive stance on cryptocurrencies trading, the market still remains volatile.
https://cointelegraph.com/news/bitcoin-ethereum-bitcoin-cash-ripple-stellar-litecoin-nem-neo-eos-price-analysis-jan-31
Source: cointelegraph.com