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2018 Global Token Galaxy Expo • May 25-27, 2018

A leading blockchain summit conference and exhibition is taking place on May 25-27 in Silicon Valley. To The Moon·Global Token…

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Category: Bitcoin

South Africa Central Bank: “Cryptocurrencies Don’t Meet Requirements For Money”

Category: Altcoins, Bitcoin, Commentary, Finance, News, Regulation

South Africa Central Bank: “Cryptocurrencies Don’t Meet Requirements For Money”

South Africa is the latest country to try and classify cryptocurrencies as it looks to regulate the industry and generate income tax. According to the country’s Central Bank, digital currencies such as bitcoin (BTC) are mere “cyber-tokens” that don’t meet the criteria to be categorized as money. South African Cryptocurrency Classification According to Francois Groepe, the Reserve Bank Deputy Governor,…

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South African Authorities Investigate $80 million Bitcoin Scam

Category: Altcoins, Bitcoin, Finance, News

South African Authorities Investigate $80 million Bitcoin Scam

On May 25, 2018, South African authorities announced further information of an ongoing investigation of a cryptocurrency scam that has cost investors one billion rands ($80 million). False Claims and Investor Pitfalls According to Reuters, South African police mentioned that the investigation involved BTC Global, a cryptocurrency trading company. The cryptocurrency company told clients they would earn substantial returns starting…

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Poland’s Cryptocurrency Tax Law Crashes as Investors Resist Draconian Regulation

Category: Altcoins, Bitcoin, Finance, News, Regulation

Poland’s Cryptocurrency Tax Law Crashes as Investors Resist Draconian Regulation

While most stake “hodlers” in the cryptocurrency ecosystem agree that there is a need for amenable regulation of the cryptosphere, Polish digital currency investors have refused to abide by the PPC law, due to its draconian nature. Now the Polish authorities have agreed to temporarily suspend the “Civil Law Transactions Tax,” which aims to tax all crypto-related transactions regardless of…

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New GDPR Laws May Augment Cryptocurrency Theft; $1.2 Billion Stolen in 2018 Alone

Category: Altcoins, Bitcoin, Blockchain, Crime, Finance, News, Regulation

New GDPR Laws May Augment Cryptocurrency Theft; $1.2 Billion Stolen in 2018 Alone

While fraud seems present in every financial domain, the cryptocurrency sector attracts a lot of criminals in particular due to a lack of strict security practices and negligible regulation. The funds stolen are no child’s play either, as recent research suggests a staggering value. Cryptocurrency Crimes Surging According to estimates provided by the Anti-Phishing Working Group (APWG), cyber-criminals have infiltrated…

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German Stock Exchange Ponders Offering Bitcoin Trading to Clients

Category: Altcoins, Bitcoin, Business, Ethereum, Finance, News, Regulation

German Stock Exchange Ponders Offering Bitcoin Trading to Clients

Even with the reign of the bear market, it seems more and more financial institutions are seriously looking to join the bitcoin train. On May 24, 2018, Frankfurt-based Deutsche Borse AG has hinted it’s weighing the possibility of offering clients bitcoin and other crypto-related products. Fighting the Bitcoin Bug According to Bloomberg, the highly-reputed stock exchange has noted a more…

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Small Lenders Reap Big from Wall Street’s Decision to Shun Cryptocurrencies

Category: Altcoins, Bitcoin, Business, Finance, News

Small Lenders Reap Big from Wall Street’s Decision to Shun Cryptocurrencies

A considerable number of small banks are riding the cryptocurrency wave and getting more business from the industry. Specifically, business comes from trading exchanges that need to support fiat deposits and withdrawals for customers. New Opportunities Previously, the bank Silvergate focused on serving local businesses within San Diego, California. However, the bank attributed the growth that saw the value of…

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Major Natural Gas Company in the Czech Republic Adopts Bitcoin Payments

Category: Bitcoin, Business, Finance, News

Major Natural Gas Company in the Czech Republic Adopts Bitcoin Payments

The Czech Republic’s largest natural gas company Prazska Plynarenska announced that it would soon begin accepting payments in bitcoin. Clients will have the choice to pay their monthly dues in cryptocurrency as well as fiat currency. From local media reports, it seems as if the company is attempting to modernize its infrastructure to better align with the present. The company…

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Research States Cryptocurrency Prices Driven Solely by Investor Sentiment

Category: Altcoins, Bitcoin, Commentary, Ethereum, Finance, News

Research States Cryptocurrency Prices Driven Solely by Investor Sentiment

Everyone who knows anything about cryptocurrencies knows one thing for sure; its value is highly volatile. This infamous reason is one of the biggest qualms toward why masses are hesitant of investing. Mood Swings Lead to Value Swings What many try to understand but fail is the reason behind the massive volatility. However, studies conducted at Warwick Business School (WBS)…

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Japan’s Tech Giant Set to Launch the First Bitcoin Miner with 7nm Chip

Category: Bitcoin, Business, Mining, News, Tech

Japan’s Tech Giant Set to Launch the First Bitcoin Miner with 7nm Chip

GMO Internet Group plans to launch GMO miner B2 on June 6, 2018, which will be followed by an information session in Tokyo, Japan. During the launch, details on the GMO miner B2’s performance and the price will become available to potential buyers. Once launched, the GMO miner B2 will become the first bitcoin mining machine in the world to…

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South African Kidnappers demand Ransom in Bitcoin for Abducted Teen

Category: Bitcoin, Crime, News

South African Kidnappers demand Ransom in Bitcoin for Abducted Teen

A South African gang who recently abducted a teenage boy, have on Sunday, May 20, 2018, demanded ransom in the form of bitcoin of approximately $120,000. According to Reuters, Katlego Marite 13, on Sunday afternoon, while playing with his friends in Frangipani Street, Tasbetpark Extension 3, Witbank, was suddenly dragged into a car. As reported by The Guardian, witnesses stated…

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