After the crash in January story about Bitcoin became a bit quiet. But the course is not the only thing that matters: Behind the cryptocurrencies, Bitcoin could become the key technology of the next 20 years. There is not only rollercoaster of Bitcoin, Ethereum & Co. there is also the technology behind it: so-called Blockchain, a database in which values and information can be exchanged decentrally over … Continue reading Financial system will be revoulitionized by Blockchain!
Currently, private Bitcoin profits are tax exempt after the one-year speculative horizon, which could change. The Ministry of Finance is considering a full taxation on profits from cryptocurrencies, according to a draft assessment. It would apply the 27.5 percent tax rate, which would be conceivable, of course, only for the future and only with a change in the law, APA said. The Chamber of Tax Advisers … Continue reading In the future, Bitcoin profits may be fully taxed!
Hackers have stolen digital assets worth nearly half a billion Euros. The stock exchange operator will probably be responsible. Japanese authorities announced a penalty against crypto exchange Coincheck, captured in the hacker digital assets worth the equivalent of about 430 million Euros. The financial market regulators would announce the punishment this Monday. Coincheck is one of the most important trading venues for digital assets and the damage … Continue reading Japan Announces Punishment for Crypto-Theft!
According to the head of the Basel Committee on Banking Supervision, financial institutions should be stopped doing business with Bitcoin and cryptocurrencies. “Potential of money-laundering risk in this market, it would be quite difficult for banks to become active in these markets on a large scale,” said Stefan Ingves, who is also the Swedish central bank governor. Banks are required to identify their customers. In addition, the … Continue reading Head of the Basel Banking is warning Banks doing crypto-business!
Good news for US startup Ripple Labs. Saudi Arabian Central Bank wants to test its payment solution xCurrent as part of a pilot project. The aim of the test series is to enable as many guest workers as possible and inexpensive transfers to their home countries. Saudi Arabian Monetary Authority (SAMA) is the Central Bank of Saudi Arabia. Ripple announced on Wednesday that they entered into a … Continue reading Saudi Arabia: Central Bank wants to cooperate with Ripple!
ConcertVR is first Blockchain based cross-platform marketplace for high-quality VR content from the music and entertainment sector. This is an organization which is founded in Europe by Andreas Knuffman and Sebastian Deyle. These two gentlemen are experience in producing classic films for the past 20 years. As a first step in the process of utilizing decentralized feature of Blockchain there is the term for pre-ICO and … Continue reading ConcertVR Overview & important Infos
According to ECB Director Yves Mersch, private crypto currencies such as Bitcoin, have no chance of keeping up with ease of use, speed and security with the real-time payment system supported by the European Central Bank (ECB). At the event in Paris, Mersh asked the industry to provide quickly customer-friendly solutions for real-time payments at so-called point of sale (supermarket checkouts, service providers). “European real-time … Continue reading ECB / Mersh: Bitcoin can not compete with real-time payment systems!
Iceland is attracting more and more data centers producing Bitcoin because of its low electricity prices. In 2018, their energy consumption could exceed in all households. High energy consumption to generate digital currency Bitcoin, continues to make headlines. Island-based Bitcoin producers are expected to consume more electricity this year than all Iceland’s private households combined, said spokesman for the Icelandic energy company HS Orkas, Johann Snorri Sigurbergsson, the … Continue reading Island fears power shortage because of Bitcoin!
On Friday morning, VISA closed hundreds and thousands of debit cards, without warning, from one second to the next. Cryptopay, XAPO, Wirexapp, AdvCash, TenX .. The list of affected Bitcoin debit card providers is very long. A multitude of international maps and pretty much all European VISA debit cards that could be charged with digital currencies like Bitcoin were blocked. Thesis # 1: Is this the prelude … Continue reading Did Visa manipulate Bitcoin price?
Human interaction and forms of commerce Fundamental understanding of “money”, why it exists, which properties it usually possesses and what it enables society, helps us a simple thought experiment: Direct economy exchange Imagine Crusoe and Freitag are isolated on an island. Crusoe catches fish and Freitag collects berries. At the end of the day they exchange with each other. No money is needed here; Crusoe gives fish, Freitag gives … Continue reading The Austrian School – What is money actually?