Crypto-related companies continue to attract unwanted attention from governmental organizations in different parts of the globe. Last year, Facebook’s CEO Mark Zuckerberg had to defend the digital currency project Libra in front of U.S. lawmakers. This is just one example, but it shows that authorities have the ability to derail many crypto-related projects. However, a …
Two days ago, the Governor’s office of Hawaii released important information connected with digital currencies. Hawaii Technology Development Corporation (HTDC) in cooperation with the state Department of Commerce and Consumer Affairs, Division of Financial Institution (DFI) launched a digital currency sandbox. The purpose of “Digital Currency Innovation Lab” is to attract crypto firms. It is …
Cryptocurrencies step-by-step became part of everyday life for many people. Crypto money is essential for the citizens of countries that are struggling with hyperinflation. In such cases, Bitcoin, as well as other cryptocurrencies, have the potential to solve at least some pressing issues. As a reminder, Bitcoin is the biggest cryptocurrency when it comes to …
Bitcoin is the biggest cryptocurrency when it comes to the market capitalization. Moreover, it is the oldest cryptocurrency. Bitcoin played a crucial role as many people learned about the cryptocurrencies thanks to Bitcoin. Coronavirus pandemic created additional pressure on the global economy. Interestingly, Venezuela has the largest proven oil reserves in the world. However, the …
Russian Federation is the largest country in the world when it comes to the area. Moreover, Russia is home to more than 144 million people. People should also take into consideration that thanks to a climate in many regions of the country, crypto mining will be less expensive than in other countries. People who are …
The Bill “On Digital Financial Assets” and Crypto Community Read More »
Cryptocurrencies such as Bitcoin, Ethereum, and others are famous around the world. Nevertheless, the situation regarding the crypto regulations is very complicated due to various factors. Case of Russian Federation is not an exception. However, as can be seen from this example, authorities are confused when it comes to regulations. Recently, a high-ranking employee of …
Bank of Russia and the Future of Crypto Industry Read More »
Zimbabwe’s Central Bank and Crypto Regulations The Republic of Zimbabwe, more precisely local authorities are ready to change their attitude towards the crypto industry. This information comes from the deputy director for financial markets and national payment systems at the Reserve Bank of Zimbabwe. Josephat Mutepfa commented on this issue. According to Mutepfa, the bank …
The Crypto industry is developing, and as crypto-related companies continue to expand their services. On Monday, the major cryptocurrency exchange and partner firm of stablecoin Tether Bitfinex announced that it listed Fulgur Alpha. Bahamas-based crypto hedge fund Fulgur Alpha is currently worth $280 million. Based on the information provided by the Bitfinex, the hedge fund …
Organizers of concerts, exhibitions, conferences had to choose from several options. The first one was to cancel their events. The second option was to postpone the events for a couple of months. Organizers of several crypto-related conferences decided to defer the conferences to limit the risk associated with coronavirus. For example, organizers of TOKEN 2049 …
Crypto: TOKEN 2049 Conference Will Take Place in October Read More »
Two days ago, the U.S. President decided to suspend the entry of most foreign citizens who visited certain European countries during the last two weeks. As a result, a lot of people from Europe and other parts of the world won’t be able to enter the U.S. This move is going to affect the crypto …
Several clients of one of the largest banks in the world decided to settle a lawsuit with JPMorgan Chase Bank. Everything started in April 2018 when Brady Tucker filed the suit against the bank. However, the investment bank wanted to dismiss the case. Tucker filed an amended compliant alongside Ryan Hilton and Stanton Smith. According …
JPMorgan Chase Bank Cardholders Settled a Lawsuit Read More »
The relationship between the crypto community and banks around the world are far from being ideal. Moreover, the process of crypto adoption will take time as many private and governmental organizations are not ready to endorse cryptocurrencies. Recently, the six-largest bank in the world, JPMorgan Chase Bank, settled a crypto-related lawsuit. Investment bank settled a …
Crypto regulations remain as one of the biggest challenges for governments due to various factors. Last year, the Australian Taxation Office (ATO) published its guidance on the taxation on cryptocurrencies. Australian authorities, as part of the campaign to raise awareness, plan to contract thousands of residents. This way, they want to give people the opportunity …
In the next couple of weeks, the Australian Taxation Office (ATO) plans to contact hundreds of thousands of Australian cryptocurrency investors. This way, Australian authorities want to remind crypto investors about their obligations. As a reminder, in 2019 Australian Taxation Office published its guidance on the taxation on cryptocurrencies. As a result, Bitcoin and other …
Cryptocurrencies such as Bitcoin, Ethereum, and others offer a number of advantages in comparison with fiat currencies. Asian countries have the possibility to play a more active role when it comes to crypto adoption. Good news related to the crypto industry came from Indonesia. Country’s Commodity Futures Trading Regulatory Agency approved the application of Crypto …
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