Tax Office Bonn allegedly claimed tax sale on Bitcoin sale

According to Federal Financial Supervisory Authority (BaFin) and the Federal Ministry of Finance, cryptocurrencies in Germany are not regarded as legal means of payment, but as so-called intangible assets. Tax sales played no role in the taxation of cryptographic profits so far. The reason for this was a decision of the European Court of Justice of the European Court of Justice in 2015. In the case … Continue reading Tax Office Bonn allegedly claimed tax sale on Bitcoin sale

NVIDIA: Graphics card manufacturer profits from cryptocurrency mining!

According to news released yesterday, NVIDIA Corporation was able to increase significantly again. Revenues increased 34% to $ 2.91 billion in the last quarter of 2017 from the last year. Frequent sale of high-priced graphics cards for crypto – mining has also contributed to the positive development of the company. The share price is significantly bigger after announcement of the sales figures. NVIDIA announced and exceeded analysts’ expectations clear yesterday. The reason for good business is … Continue reading NVIDIA: Graphics card manufacturer profits from cryptocurrency mining!

Ripple: Partnership with LianLian International

RippleNet gets richer by one member. Chinese payment service provider LianLian International joins the Ripples network to use the xCurrent software. Partnership should bring faster and cheaper transactions to China. As Ripple announced on its website, the payment network will work with Chinese company LianLian International in the future. The cooperation should help open market access to China’s vast e-commerce market and benefit from the huge sums of money … Continue reading Ripple: Partnership with LianLian International

Engineers arrested for Bitcoin mining!

Russian engineers tried to use computers in a uclear center to generate units of digital currency Bitcoin. They are now threatened with criminal proceedings. Several engineers from major Russian Nuclear Research Center have been arrested for trying to use their computers to generate Bitcoin crypto currency. The employees of the Nuclear Research Center in the city of Sarov are stopped in time. To their knowledge criminal proceedings has been initiated against … Continue reading Engineers arrested for Bitcoin mining!

United Arab Emirates: Financial supervision warns of ICOs!

Financial Regulator of United Arab Emirates warns of the risks of new cryptocurrencies, called Initial Coin Offerings (ICOs). In a circular, the authority refers to the risks of fundraising sales, such as ICO or token presales. Although this is the critical tone in the country louder – economic policy interventions and regulations, despite all the criticism of the Gulf are still waiting. Authority sees risks as primarily based on the … Continue reading United Arab Emirates: Financial supervision warns of ICOs!

Bitcoin, Ethereum and Co: Goldman Sachs talks about crypto crash!

Most of around 1,500 crypto currencies will not last long, according to the US investment bank Goldman Sachs. Only small number of competitive digital currency is likely to survive, says Steve Strongin, head of investment research at Goldman Sachs. Virtually all digital currencies are under considerable pressure. Decisive in the first place are regulatory efforts in many industrialized and emerging countries. Bitcoin, the oldest and most popular … Continue reading Bitcoin, Ethereum and Co: Goldman Sachs talks about crypto crash!

Bitcoin falls below 6000 USD!

Depreciation of Bitcoin seems unstoppable. The price of the cryptocurrency dropped below the $ 6000 limit! Controversial cryptocurrency Bitcoin lost more than ten percent of its value in one day and is now worth less than $ 6,000. On the big trading platform Bitstamp, the price of the oldest and most well-known digital currency fell at times to 5920 dollars, which was 13 percent less than the day before. … Continue reading Bitcoin falls below 6000 USD!

Bitcoin: Parasite of the international financial system?

Holding a speech, BIZ chief Agustín Carstens calls Bitcoin a “bubble, pyramid scheme and environmental catastrophe”. Further integration of crypto and fiat currencies must be prevented. The Bank for International Settlements (BIS) is considered the most powerful financial institution in the world. BIS chief Agustín Carstens said in a lecture today that Bitcoin’s three basic functions of money – payment, store of value and processing … Continue reading Bitcoin: Parasite of the international financial system?

USA: Banks stopped buying cryptocurrencies

As reported by intelligence service Bloomberg, several major US banks have announced that they will allow no more purchase of cryptocurrencies with their credit cards from this Sunday because of possible price losses. Customers of these banks must use one of the offered debit cards, in which purchase price is debited directly from the bank account. Clients of the US investment banks JPMorgan Chase & … Continue reading USA: Banks stopped buying cryptocurrencies

Otcrit: Build a platform, not a product

Many companies fail when they focus on developing a single product or service. Markets are changing with increasing speed, and it’s often not enough just to be good at one thing. The problem is that customers quickly lose interest in a particular product and are interested in new trends. As these trend reversals happen so quickly, companies don’t have time to react. New strategies sometimes … Continue reading Otcrit: Build a platform, not a product