Cryptocurrencies

The Complete Guide to Online Gambling Using Cryptocurrencies

Satoshi invented the first cryptocurrency, bitcoin, in 2009. A decade later now, we have different types of cryptocurrencies and different uses for them. One of the industries that have adopted and reaped the benefits of these digital currencies is online gambling. What is cryptocurrency? Source: MontanaPublicRadio Many people still do not understand what cryptocurrency is...
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10 Promising Cryptocurrencies under $10 to Invest in Early 2020

After a bumpy 2019, many crypto enthusiasts are hopeful that the market will regain its footing in 2020. Crypto holders also still believe that cryptocurrencies will soon become a part of the established financial markets around the world. The following is a list of the most promising cryptocurrencies for the coming year, and all of...
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Where to Invest in 2020?

Where to invest in 2020? TOP 5 directions. Where to invest money online or offline this year, how to “buy time” and receive interest even when you are not working? Where to invest in 2020 in order to receive monthly income, how best to do it, as well as several important recommendations from professionals in...
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Qatar Blocks Cryptocurrency Services Throughout The Gulf

As the new year begins, Qatar’s Financial Center, the nation’s regulatory authority, has issued a blanket ban on cryptocurrency-related services in the Gulf nation. The prohibition covers not only cryptocurrencies but “anything of value” that could substitute fiat currencies. Qatar Bans Cryptocurrencies The Qatari Financial Center, which is also the nation’s regulatory authority, has issued...
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Ticker Tool Uses the BCH Blockchain to Provide Reliable Rate Data

Instantly verifiable, unhackable and forever retrievable are some of the key features of information stored on a blockchain. These are also the characteristics that traders of various assets, commodities and currencies would appreciate when it comes to the price data they are using. The team behind the Blitz Ticker project have decided that’s exactly what...
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Malta-based Binance Exchange Opens New Year With a Bang

Binance enters the Year 2020 with a new feather in its hat. The malta-based exchange on Jan 3, 2020, added Euro trading pairs to the platform. The trading pairs are BTC/EUR, ETH/EUR, BNB/EUR, XRP/EUR, EUR/BUSD, and EUR/USDT.  Binance also has plans to support 180+ fiat currencies in 2020. In a New Year welcoming blog post,...
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Bitcoin Is A Pyramid Scheme According To A Popular Economist

Despite the extremely positive last decade, Bitcoin has also received a lot of criticism and negativity. Such is the case with an economist from Lending Tree, calling it a pyramid scheme that has no real utility in the world. At the same time, a Chief Market Strategist noted that he actually owns five cryptocurrencies, but...
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Wifi Sharing Platform Wicrypt Gets Government Grant in Nigeria

A crypto startup providing wifi hotspot sharing services in Nigeria has won funding from the country’s telecom regulator. Wicrypt placed second among 25 tech companies participating in an innovation competition organized by the Nigeria Communication Commission and it’s going to receive a grant worth 2 million naira to finance its project. Also read: Skrill Now...
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Recap Of 2019: Those Were The Biggest Bitcoin & Crypto Events Of The Year

It’s safe to say that Bitcoin, as well as the entire cryptocurrency market, were in for one wild ride in 2019. This is true in terms of price, but also for new developments, exciting events, important community positions, and so forth.  A lot of people believe that 2019 was the preparation year for Bitcoin and...
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South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb

The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles Hit With Backdated Tax on Crypto Trades Bithumb to...
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France’s Social Media Stalking Points to the Violence of Fiat, Consent of Crypto

France will soon be monitoring social media accounts to catch suspected tax evaders. The endeavor could label anyone as suspicious who so much as posts a “taxation is theft” meme or a poses with a nice car. The country’s budget minister, Gérald Darmanin, called the court-approved experiment ‘one more tool to fight fraud.’ Exemplified by...
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Crypto’s Counterpunch to U.S. Hegemony and Empire

“The Muslim world should be designing measures to save themselves from the domination of the United States dollar and the American financial regime.” —Hassan Rouhani, President of Iran Also Read: Crypto Confronts Social Justice Warriors Hegemony and Muslim Resistance Hegemony refers to the leadership or dominance of one country or group over others. A nation...
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Russia’s Supreme Court Recognizes Tokens as Assets Like Money and Property

A phenomenon like bitcoin can gain recognition, including regulatory, in many different and often unexpected ways. Governments that hesitate to accept cryptocurrencies as legal tender, sometimes validate their existence indirectly and even acknowledge they can be used for payments. Taxing crypto incomes and profits is one such example. Russia has just provided another one by...
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Utorg Exchange Grants Access to Traders With Limited Verification

Utorg.io is a digital asset exchange based in the U.K. that allows users in Europe and around the world to trade cryptocurrencies with stablecoins and fiat money. What sets the new platform apart from many incumbents is the simplified verification procedure for traders who don’t exceed а daily limit of $1,000. Its decision to provide...
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Uzbekistan Initiates New Regulations: Bans Buying Bitcoin & Cryptocurrencies

Uzbekistan appears to be changing its stance towards cryptocurrency adoption as the President has made it illegal to purchase any, while citizens can actually sell them. Interestingly enough, this comes only a year after cryptocurrency usage was legalized. Uzbekistan Bans Cryptocurrencies According to a local report, the former Soviet republic is set to place a...
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Speculation Abounds Regarding Youtube’s Removal of Crypto Content

At least six crypto Youtube channels have reported in recent hours that their content is being removed under the site’s “harmful and dangerous” policy, with one popular channel claiming Youtube pointed to a “sale of regulated goods.” Chris Dunn is one of these, whose channel has over 200k subscribers and has had multiple videos removed...
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Uzbekistan Bans Citizens From Buying Crypto, They Can Only Sell

Authorities in Uzbekistan have effectively banned residents from purchasing cryptocurrencies on digital asset exchanges licensed in the country. Crypto holders will only be able to sell their coins and that’s if these have not been obtained through anonymous transactions, amendments to the local regulations postulate. Also read: Poles Hit With Backdated Tax on Crypto Trades...
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How To Earn Money With Cryptocurrencies 2020?

To earn money with Immediate Bitcoin, there is no effortless method. But useful and quality work can still earn you money in cryptocurrencies! Buy low, sell high low: The most obvious way to make money with Bitcoin and cryptocurrencies is investment or guesswork. Buy low then sell high. The trading short-term e.g. based on technical...
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Judge Rules Snowden Must Give Book Proceeds to US Government

A U.S. district judge has ruled that former intelligence contractor Edward Snowden must turn over the proceeds of his new book to the U.S. government. According to the ruling, Snowden failed to obtain clearance for the materials and information used in his book. The same judge previously ruled against Kim Dotcom and Megaupload. Also read:...
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Iran, Turkey, Malaysia Discuss Creating Unified Muslim Cryptocurrency

At a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S. dollar. The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim countries. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings,...
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BCH Is An A-Class Crypto for Auditability

Crypto research group Coin Metrics recently released issue 30 of its “State of the Network” series, which ranks crypto assets by auditability. Taking into account node operation, synchronization, normal operation, code audit and extraction of ledger data, the top 10 cryptocurrencies by market cap were ranked. These were also ranked on ease of ledger reconstruction,...
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Russian Opposition Leader Navalny Raises $700,000 in Crypto Donations

Alexei Navalny, Russia’s leading critic of the current Kremlin administration, has attracted a serious amount of cryptocurrency in the form of anonymous donations for his corruption-combatting NGO. The digital coins collected since the beginning of this year have amounted to well over $700,000 at current prices. Also read: Russian Tax Authority Registers Crypto as Part...
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Bailouts From Asia to the EU Signal Recession and Potential Crypto Opportunity

China’s Hengfeng Bank is set to get a $14.2 billion bailout from both Chinese government and foreign investors. An emergency decree has been approved to bail out southern Italy’s biggest lender, Banca Popular di Bari. Germany continues to struggle with bailout pains, as regional bank Nordlb finds itself now depending on another capital injection. None...
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Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches

With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one of the country’s largest banks, is now under investigation for millions of purported violations of...
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Erisx Launches Regulated Bitcoin Futures Market

Crypto trading platform Erisx has launched a bitcoin futures market regulated by the U.S. Commodity Futures Trading Commission (CFTC). Its physically settled bitcoin futures contracts trade alongside its spot market which supports four cryptocurrencies. Erisx has obtained a license from the U.S. Financial Crimes Enforcement Network (FinCEN) and is currently approved to operate in 44...
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Fidelity Digital Assets To Expand Its Cryptocurrency Services In Europe

One of the largest American financial services corporations, Fidelity, is preparing to enter the European market with a product orientated towards digital assets. The branch called Fidelity Digital Assets is already operating in the U.S. since last year, delivering cryptocurrencies to institutional investors. Fidelity Digital Assets Enters Europe Last year, Fidelity Investments Inc, launched a...
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Indian State of Kerala to Produce 20,000 Blockchain Specialists in 2 Years

Beijing’s sudden rush into blockchain development and digital currency hasn’t gone unnoticed. From America to Europe and back to Asia, governments have started thinking about this new racetrack in more serious terms. India has a history of tensions with China, although the countries have a lot in common as well. The two regional rivals share...
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Strict Regulations For Cryptocurrency Businesses In EU To Take Effect In January 2020

Cryptocurrency companies and services based in the EU have less than a month to adjust their business operations to comply with a new set of rules. As of January 10th, The Fifth Anti-Money Laundering Directive (5AMLD) will be in effect, requiring KYC, and monitoring all transactions. 5AMLD In Action From January Regulators across the world...
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Mining Pool Simplecoin and Interactive Faucet Chopcoin Shut Down Due to EU Regulations

Like crypto payments provider Bottle Pay, mining pool Simplecoin and interactive bitcoin faucet Chopcoin are shutting down in light of restrictions imposed by EU anti-money laundering legislation, AMLD5. Simplecoin co-founder Marvin Janssen addressed Telegram users last month saying “We believe in the power of cryptocurrency and its potential. Mining should to be available to anyone...
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Poles Hit With Backdated Tax on Crypto Trades

Crypto traders in Poland have been unpleasantly surprised with a controversial tax they thought they wouldn’t have to pay. The Civil Law Transactions Tax (PCC) is applicable to digital asset trades conducted before the introduction of last year’s moratorium on its collection, the Polish tax administration recently clarified. The matter has been discussed on European...
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