Cryptocurrency Analysis and News Portal
Ever since Bitcoin and other cryptocurrencies became far more mainstream following the remarkable rally in 2017, there has been a lot of talk about large institutions getting into this space. For instance, banking giant JP Morgan came up with its own digital coin last year. However, in 2019, a bigger
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Cryptocurrency payments and trading using digital currencies are now tax free in Portugal, the European country’s tax authority has clarified. It should be noted that there is no income tax on cryptocurrency earnings in the country.Local Business newspaper Jornal de Negócios has reported earlier this week that the relevant tax
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Neil Wals, chief of the United Nations Office on Drugs and Crime Global Cybercrime Program, warned that cryptocurrencies have made combating money laundering significantly harder.Australian news outlet ABC reported on Aug. 29 that Wals said cryptocurrencies make fighting cybercrime, money laundering and financing of terrorism harder. Wals expressed the idea
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The Venezuelan government just announced a new state-run cryptocurrency remittance platform called Patria Remesa, according to an official press release. The platform allows the people of Venezuela who are working abroad to send money back to the country.The National Superintendent of Cryptoactives, Joselit Ramírez, announced in a radio program broadcast
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The individual accused of perpetrating a massive-scale hack of credit card issuer Capital One also allegedly hacked cloud customers’ servers to mine cryptocurrency for herself. Court filings published on Aug. 28 reveal that Paige A. Thompson has been indicted on charges of both perpetrating the Capital One breach and of
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Ever since cryptocurrencies first captured the global consciousness a few years ago, several institutions from around the world have expressed their willingness to issue crypto tokens of their own and the most recent one is the Chinese central bank. A few weeks ago, it emerged that People’s Bank of China was
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As the launch of Facebook Libra looms, another social networking company has decided it’s finally the time to launch its own cryptocurrency. Telegram, a messaging application known for its speed and security, will try to beat Facebook to the punch with a roll out of its long-awaited Gram cryptocurrency.Apart from
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China is expected to launch its first state-backed cryptocurrency in few months. Now it has been reported that with the backing of the Central Bank of China, this digital currency will be first received by 7 different institutions.Former employee of China Construction Bank, Paul Schulte, has said that the Industrial
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The UK’s National Liberal Party now wants to put in place policies to regulate cryptocurrencies better. Finally, an organized political initiative to regulate properly cryptocurrency; however, the big question is whether or not someone will actually embrace it?In the UK, citizens have been victims of cryptocurrency frauds and con jobs
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Crypto bull runs often result in developments that often seem a bit farfetched, but at the end of the day, almost everyone wants to cash in on the phenomenon. It happened in 2017, and it is happening once against in 2019 as Bitcoin led the massive crypto surge in the
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