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.
The South Korean government has decided on a date for its 20 percent cryptocurrency taxation policy. However, the impending crypto tax regulation is being met with some resistance. Kimchi Crypto Tax Law Gets Finalized Start Date South Korea has once again altered the date for the implementation of its controversial...
As part of China’s plans to expand its digital currency testing, online banking platform MYbank, backed by Alibaba’s affiliate fintech giant Ant Group, has reportedly joined the digital yuan pilot program. China Reportedly Tapping Private Sector for Digital Yuan Test According to Bloomberg on Monday (Feb. 22, 2021), anonymous sources...
The extent of the anti-crypto sentiment in India seems to be deepening with initial public offerings (IPO) participants like promoters, investment banks, and lawyers likely to be barred from holding or investing in cryptocurrencies. Meanwhile, the threat of a blanket virtual currency ban continues to loom over one of the...
Tesla's Bitcoin (BTC) bet has almost recouped the initial capital in profits barely a fortnight after the electric vehicle (EV) manufacturing giant announced its $1.5 billion BTC outlay. Indeed, the company could be in line to make more profits from adding Bitcoin to its balance sheet than from its entire...
Austrian regulators say crypto scams are the most reported forms of investment fraud in the country ahead of the usual suspects like stock or gold schemes. Authorities in the country are trying to firm up virtual currency regulations to combat the menace of such criminal activities while regulated trading in...
Thailand's tourism agency is looking to introduce cryptocurrency into the tourism industry, as part of its plans to attract international tourist crypto holders. Thai Tourism Agency Targets Japanese Crypto Travelers According to the Bangkok Post on Friday (Feb. 19, 2021), the Tourism Authority of Thailand (TAT), under the country's Ministry...
Amid the current crypto bull market, IOST has been one of the top performers with the token gaining more than seven-folds year-to-date (YTD) making the altcoin one of the best performing so far in 2021. IOST Price Action Sees 650% Gains IOST is up over 650% between Jan. 8 and...
The Postal Savings Bank of China (PSBC), a Chinese commercial bank, has created another hardware wallet for digital yuan payment, as part of China’s efforts to carry out large-scale trials for its proposed central bank digital currency (CBDC) project. Dual Purpose Digital Yuan Hardware Wallet Targets the Elderly According to...
Global tech giant Microsoft does not have immediate plans to put bitcoin on its balance sheet, according to the company’s president. Meanwhile, bitcoin continues to see an increased interest from major companies and institutions. Microsoft not Ready to Make Bitcoin Investment Speaking in a CNN interview on Tuesday (Feb. 16,...
The European Commission has chosen Worldline, a major digital payment and transactions company based in France, for its blockchain project which aims at utilizing distributed ledger technology (DLT) to provide trustworthy content on social media. Wordline to Develop EC Blockchain Social Media Project Wordline announced the news via a press...
Some major cryptocurrency exchanges have expressed concern regarding Hong Kong’s proposal to ban retail investors in the city from participating in crypto activities, stating that it could have an adverse effect. Hong Kong’s Proposed Ban Could Affect 93% of Its Population According to the South China Morning Post on Monday...
'Crypto Mom' Hester Peirce says the influx of major institutional players into the crypto space has made the emergence of a firm regulatory framework for cryptocurrencies a top priority. Major U.S. companies are now becoming directly involved with digital assets, with some holding Bitcoin (BTC) on their balance sheets. Clear-cut...
Contrary to previous scepticism about bitcoin expressed by Wall Street banks, recent developments indicate that traditional financial institutions are more open-minded about the largest crypto asset, with some considering offering bitcoin services. JPMorgan Could Offer Bitcoin Trading Upon Clients Demand In an interview with CNBC, Daniel Pinto, co-president and chief...
Huobi continues to expand its scope in the decentralized finance (DeFi) scene, as the Huobi Defi Labs inked a partnership deal with cross-chain DeFi platform Kava Labs, to bringing the Huobi BTC (HBTC) token to Kava, while also providing liquidity mining to Huobi users. CeFi and Defi Coming Together According...
Thailand’s Finance Minister Arkhom Termpittayapaisith has expressed concerns over the exponential growth in cryptocurrency trading activities in the country. Crypto Speculation Could Hurt Thailand’s Capital Markets According to Bloomberg, Termpittayapaisith speaking at a capital market conference on Thursday (Feb. 11, 2021) noted that excessive crypto speculation could negatively affect the...
