The South Korean government recently decided to exempt the country’s crypto exchanges from the planned tax benefits for growth technologies. As expected, this decision is met with considerable resistance from the crypto scene based there. Three interest groups in the cryptosector have made a name for themselves. In July, the South Korean government adopted a law that favors especially small and medium-sized enterprises, especially those … Continue reading South Korea: Blockchain companies protest government tax plans
Taproot is said to increase the privacy of Bitcoin significantly. This approach relies on multi-signatures, to be precise, on Schnorr-Multisigs. In the worries about price developments, ETFs and the Grabenk (r) ampf between Bitcoin and Bitcoin Cash one forgets, that Bitcoin develops also technically. Beyond these public debates, the developers have not only enabled Segregated Witness or advanced the Lightning Network. Things are working on … Continue reading With Taproot more privacy for Bitcoin
In a study, Yale professor Aleh Tsyvinski investigated the properties of various cryptocurrencies and came to the conclusion that each portfolio should contain Bitcoin – whether crypto-investor or skeptic. Aleh Tsyvinski, a professor of economics at Yale University, said in a recent research paper that Bitcoin was an indispensable part of any portfolio, whether it was skeptical about the cryptocurrency or not. Investors who believe Bitcoin will … Continue reading Yale Professor: Bitcoin is an indispensable part of portfolio!
In trading digital currencies, the recent losses on Tuesday continued. In addition to the Bitcoin (the current Bitcoin price can be found here ), there was also a sell-off in other known digital currencies such as Ether or Ripple. In the early morning, Bitcoin’s share price on the Bitstamp trading platform fell below $ 6,000, reaching its lowest level since June at $ 5,880. The reason for the decline is the … Continue reading Bitcoin loses $ 1 billion per hour!
he Eleventh Arbitration Court confirmed the conviction of the newspaper publisher “Unity Nizhnekamsk”. The newspaper posted an ad for a financial services firm focused on cryptocurrencies. The Bitcoin ad had violated applicable law because of a formal error. On August 8, the Moscow news agency Interfax reported confirmation of the verdict by the Eleventh Arbitration Court. In the first instance, the publishing house of “Unity Nizhnekamsk” based in Tatarstan was sentenced … Continue reading Russian newspaper has to pay a fine for Bitcoin ad!
Pan-African Ecobank has prepared a report on the regulation of cryptocurrencies in sub-Saharan Africa. The bottom line: only in two of the sub-Saharan nations examined are the authorities in favor of digital money. Regulatory uncertainty is one of the main reasons why the mass adaptation of Bitcoin and consorts is still coming. This ambiguity is also reflected in a study by Ecobank that sheds light on the … Continue reading Everything (un) clear: regulation of cryptocurrencies in Africa
The global trading volume of Chinese investors worldwide has fallen to one percent. Before the regulation in the autumn of last year, the share of the yuan was still more than 90 percent. In 2014 it was still 70 percent . The statistics come from Beijing’s People’s Bank of China (PBoC). As the newspaper “Global Times” reported , the proportion of Chinese traders fell to the Beijing Central Bank to a record … Continue reading Trading volume of the yuan dropped to low!
The Turkish Lira is in the dive. Accordingly , Turkish President Recep Tayyip Erdogan called on the population to exchange existing reserves in euros and US dollars in the national currency. Apparently, many Turks turn to Bitcoin and other cryptocurrencies instead. It has been shown several times that economically troubled countries put their hope in Bitcoin & Co. Venezuela and Iran are two well-known examples. At the beginning of the year, there was also … Continue reading Turkey: Lira descending, but Bitcoin interest is rising!
Philippine authorities want to use Blockchain technology in water conservation. Their aim is to liberate the pasig flowing through the capital Manila from plastic waste. To this end, the Philippines’ Pasig River Rehabilitation Council (PRRC) has entered into a partnership with the blockchain companies CypherOdin and BOTcoin. Together, they want to work on a pilot project. If the project succeeds, the developers want to pass … Continue reading Philippines wants to use Blockchain in water conservation!
Cryptocurrency exchange and wallet service Bittrex has announced plans to launch U.S. dollar (USD) trading pairs for two new cryptocurrencies, according to an official announcement published August 8th. Per the announcement, Bittrex is looking to expand its fiat markets to Ethereum Classic (ETC) and Ripple (XRP) on August 20th. The new trading pairs will be added to already listed dollar markets for Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and TrueUSD (TUSD). The company says that it will continue … Continue reading Crypto exchange Bittrex expands, adds Ethereum classic and XRP trading pairs