Colorado Now On A Track To Accept Crypto

Colorado Now On A Track To Accept Crypto

At the beginning of the year, 13 laws were amended following the acceptance of blockchain in Texas. Now its southern neighbour is on the same track by providing bank accounts to crypto companies. At the beginning of the month, the Blockchain Council of Colorado held their first meet with a working group responsible for legislation, authorisation and creation of such banking institutions in the state that have some kind of special purpose. The group was …

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Volatile Behaviour of Crypto Prices Leads To Tensions Among Investors

Volatile-Behaviour-of-Crypto-Prices-Leads-To-Tensions-Among-Investors

September 24th was the witness of a major loss in Crypto capitalization. Almost $35 billion were lost in approximately half an hour out of the significant crypto capitalization of $257 billion. Soon after the incident, the new support was acquired by these currencies however, their duration of stay is questionable. The daily trades are keenly observed. Traders are concerned with their investments and are meandering the digital currencies market on 20th October. There are more …

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Major Economies To Focus on Crypto through their Central Banks

Major-Economies-To-Focus-on-Crypto-through-their-Central-Banks

Recently, a shift has been seen towards the digitals fiats and cryptocurrencies by the leading economy’s financial institutions and central banks. According to the reports of a reputable news site, a “real-time” payment mechanism is been introduced by the American Federal Reserve to divert their concern over matters related to digital currencies. The complete adaptation would take around 5 to 6 years. The report is based on the statements of the director of Capital Market …

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No Worries On Double Spends As Android App Can Check Crypto Payments

No-Worries-On-Double-Spends-As-Android-App-Can-Check-Crypto-Payments

The primary barrier for accepting digital money in business has been the threat of double-spendings. The system which claims to be an effective solution for the global financial sector cannot bear a risk that is so inimical to society. Developing Bitcoin was a great job, however, great things come with great risks and challenges. Especially, when things get widened on a global perspective along in a variety of streams, the thing one needs to take …

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Reason Behind Restricting Crypto in Some Countries

The support or hatred crypto is receiving cannot affect its survival for the long-term. The cryptocurrency is a financial technology that has given a break-through in the monetary market by spreading a decentralized network of finance throughout the world. This network is equally polarizing and unique. Although, all the countries have their own devices to regulate cryptocurrency and determine its use, and it is because of the absence of a uniform global regulation for crypto. …

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Rough Crypto Week (30th Sept- 6th Oct) Witnesses PayPal Giving Up On Libra, Cryptocurrency Movement Becoming Stagnant, Apple Not Into Creating Digital Assets

Libra-Facebook-PayPal

Highlights of the past crypto week that may indicate upcoming rough patches for cryptocurrency: PayPal has officially given up on Libra Association PayPal has ditched the Libra Association which is the governing body of Libra, Facebook’s embattled digital currency and is now official. Though the payment processing company agrees with remaining supportive of Facebook’s digital currency’s hopes, but it was not present in the meeting that was attended by 28 other Libra supporters on Thursday. …

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Uncontrolled Rates of Exchange in Zimbabwe led to Ban Mobile Money Services

Uncontrolled-Rates-of-Exchange-in-Zimbabwe-led-to-Ban-Mobile-Money-Services

The government control in Zimbabwe has once again led to the rise of economic crisis. Citizens of Zimbabwe are on the verge of removing money control from the government. All this happened when the government decided to ban the use of fiat currencies for mobile payment/money services, to handle the mismanagement going on in the economy. Digital Cash Transaction To Be Banned The government of Zimbabwe has noticed that several mobile money service providers are …

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Europe Plans to Launch Blockchain to Combat VAT Frauds

Europa-Blockchain-Infrastructure-VAT-Frauds

To overcome the losses through VAT frauds, the European government has now decided to introduce the crypto-based blockchain technology to its taxation system. This technology has shown its prominence in data protection and inducing efficacy to tax information for crypto exchanges present worldwide. This step is required as the revenue sources in Europe are extremely vulnerable, giving opportunities for fraud and scandals in the market. Continuous repetition of such scandals made it necessary for the …

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Russian Banks Found A Way To Tax Cryptocurrency Without Changing The Law

russia-cryptocurrency-taxes

Russian bankers along with their lawyers have managed to mine out legal loopholes that give a way to tax authorities to be able to tax cryptocurrency holders without the need of changing Russian taxation code or laws. This comes at a time when Russia still has no solid position about cryptocurrencies and their regulation. A document has been drafted by the Association of Russian banks that claims that although most countries of the world, including …

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bitFlyer’s European and US Customer Base to Explore Trading in New Coins

bitflyer

bitFlyer, which is a crypto exchange based in Tokyo, is all set to add 5 new altcoins at its European and US exchange platforms. This is another clear sign that Japan is truly into the cryptocurrency industry. Europe & US Platforms to Get 5 & 3 New Additions Respectively The announcement was made on 23rd September, saying that bitFlyer is all set to add five new trade offerings for its platform in Europe and 3 …

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