About Author:
1 Confirmation with Jeff and Dave
A graduate of English, I stumbled on cryptocurrency while trying to proofread an article for a friend back in 2011, and since then, I have been hooked! I play word games when I am less busy (I'm a pro by the way) and I am a tennis aficionado.
Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ) is making plans to regulate the cryptocurrency industry, as there is a draft policy framework underway. A robust regulatory framework in place will see the development of the crypto sector in the country. RBZ to Regulate Crypto Businesses According to a...
Australia’s tax authority, the Australia Taxation Office (ATO), is planning to contact thousands of Australian crypto traders to remind them of their tax obligations. The move is in line with the ATO's aim to clampdown on crypto tax offenders. 350,000 Bitcoin Traders to Receive Warning from the ATO According to...
Wilsons Auctions, a leading auctions company in Ireland and the UK, announced plans to auction over $125,000 worth of seized bitcoin and other digital currencies. Although not the company’s first crypto auction sale, this is the first online public bitcoin auction in Ireland. $125,000 Worth of Bitcoin Auctioning in Ireland...
A French commercial court has acknowledged Bitcoin as a currency, following a legal dispute between a local crypto exchange platform, Paymium, and investment firm, BitSpread. With the court ruling, Bitcoin can now be seen as legal money in France. Bitcoin’s Legal Status Same as Fiat Currency According to a report...
Bloomberg CEO and billionaire, Michael Bloomberg, who advocated clear crypto regulations, recently dropped out of the 2020 U.S. Presidential Race. Bloomberg becomes the second pro-crypto U.S. Presidential candidate to exit after Andrew Yang. Crypto Advocate Bloomberg Leaves Race, Endorses Joe Biden According to the Wall Street Journal on Wednesday, March 4,...
The Office of Foreign Assets and Control (OFAC) the enforcement body of the U.S. Treasury Department, sanctioned two Chinese nationals who played a part in laundering illicit funds linked to a crypto exchange hack. Chinese Nationals Funneled Funds for North Korean Crypto Exchange Hackers According to an official press release...
The Japan Virtual Currency Exchange Association (JVCEA), the body set up to monitor and regulate crypto businesses in Japan, recently registered major U.S.-based crypto exchange Coinbase and two other companies as Class 2 members. Coinbase Joins JVCEA Ranks The JVCEA announced the news of the registration on its official website...
Crypto brokerage company, Tagomi, will soon become a member of Facebook’s Libra Association. With most of the initial backers gone, the addition is a welcome development for the Libra Consortium. Another Member Joins the Libra Pack According to a report on TechCrunch on Thursday, February 26, 2020, Tagomi is...
Following the recent rejection of another Bitcoin ETF proposal by the U.S. Securities and Exchange Commission (SEC), one of SEC’s Commissioners, Hester Peirce, has criticized the agency’s decision. According to Peirce, the SEC’s rejection indicated that the chance of getting a bitcoin ETF approval was almost impossible and the securities...
The coronavirus outbreak is said to hamper China’s plan to launch its central bank digital currency (CBDC) project before the end of Q1 2020. However, officials are reportedly forging ahead with the CBDC plan and are looking to run the pilot test before the end of the year. Coronavirus Affect...
As the current financial crisis rocking Lebanon continues to intensify, Lebanese citizens are increasingly looking to bitcoin to escape the country’s crippling economic situation. Lebanon joins the list of countries whose citizens have turned to the top cryptocurrency to counter the financial crisis. Bitcoin Gives ‘Financial Freedom’ Lebanon’s financial situation...
European-based cryptocurrency exchange platform, Coin Field, partnered with blockchain analysis startup, Chainalysis, to integrate the Chainalysis Know-Your-Customer (KYT) surveillance tool to monitor crypto transactions. Meanwhile, the coming of the AMLD5 into effect means that crypto exchanges in Europe would be faced with more compliance requirements. CoinField Keen on Combating Money...
E-commerce giant, Shopify, has become the newest member of the Libra Association, following the departure of some members. While this may be a win for Facebook's Libra Association, the status of the Libra stablecoin remains cloudy. Libra Association has a New Entrant Shopify took to its blog on Friday, February...
South Korean technology behemoth, Samsung, recently unveiled the new Galaxy S20 range of phones, which among other features, includes an improved security system that protects the user’s blockchain private key. The inclusion of blockchain storage security in its new flagship devices confirms Samsung’s continuous adoption of crypto and blockchain technology. ...
Democratic Party Presidential Aspirant and CEO of Bloomberg L.P, Michael Bloomberg, pledged to provide a clearer regulatory framework for cryptocurrency and other matters relating to digital currencies, as part of his financial reform policy. The cryptocurrency landscape in the U.S. is ambiguous, which has consequently affected the development of the...
