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Crypto News

Bitcoin payments company OpenNode nabs $20M funding led by Kingsway

OpenNode Inc., a Bitcoin payment processor, announced today that it raised $20 million in new funding from Kingsway. This brings its value to $220 Million. Additional investment was made by Avon Ventures, Fidelity Investments affiliate Avon Ventures, and Tim Draper, a bitcoin supporter. OpenNode provides a secure bitcoin processing platform for businesses. It enables payments,...Read More

Ruling Party Sources Deny Plan to Levy 40% Tax on Crypto Yields in Turkey

A bill to regulate cryptocurrency trading in Turkey will be presented to parliament over the coming weeks. According to Hurriyet, sources from Turkey’s Justice and Development Party (AKP), which is the ruling political party, strongly denied allegations that Ankara authorities are planning to tax cryptocurrency gains at a 40% rate. Mustafa Elitas (AKP deputy leader), commented...Read More
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