BTC
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Less than 1 in a 100 Bitcoin is laundered
A study published in January 2018 by Center on Sanctions & Illicit Finance found that between 2013 and 2016, less than one percent of Bitcoin transactions entering conversion services is laundered. According to the study, most used Bitcoin laundering machines are Bitcoin exchanges (45.43%) that allow FIAT currencies to Bitcoin exchange. This percentage is much […]
South Korea’s citizens taking the matters into their own hands
South Korea’s citizens started a petition. A lot is happening in South Korea, with a potential ban on trading with cryptocurrencies and some inspection regulations already in place. It now seems the South Korea’s citizens have taken the matter into their own hands. The petition they started, already has more than 250.000 signatures. Among other things […]
Federal Reserve published an article that emphasizes many of the benefits of cryptocurrencies
Aleksander Berentsen and Fabian Schär of the Federal Reserve Bank of St. Louis have recently published an article that emphasizes many of the benefits of cryptocurrencies. The authors stated we conclude that Bitcoin has a wide range of interesting applications and that cryptoassets are well suited to become an important asset class. The true potential of blockchain […]
Bank Indonesia banned payments with cryptocurrencies
Bank Indonesia published a press release on Saturday. It stated that cryptocurrencies are not a legitimate method of payment in the Republic of Indonesia. “Financial transactions conducted within the territory of the Republic of Indonesia, has to be fulfilled with Rupiah,” the currency act states. As a result, the central bank said that payment firms […]
SAFEX jeopardises potential investors
SAFEX was delisted from Cryptopia and Bittrex. After, they jeopardized a lot of investors by listing their SAFEX coin on the TradeSatoshi exchange. According to community feedback on social media, it looks like this exchange is very sketchy. A lot of their users experienced issues dealing with them. We met with one such investor Petar Vukojevic, […]
Jamie Dimon says he regrets calling bitcoin a fraud
J.P. Morgan Chase Chairman and CEO Jamie Dimon is backpedalling a bit on his earlier criticisms on cryptocurrencies. In September, Dimon called bitcoin a fraud. “I regret making” that comment, he said Tuesday on Fox Business. “The blockchain is real,” Dimon added in the interview. “You can have crypto dollars in yen and stuff like […]
The big cryptocurrency exchanges can’t accept new users
Cryptocurrencies have become so popular lately that the demand for them has overloaded many cryptocurrency exchanges. Because of the massive influx of new users, some of the most popular exchanges like Binance, Bitfinex, and Bittrex have had to suspend new user registrations. In the second half of 2017, cryptocurrency exchanges posted record numbers of user […]
NYSE files for Bitcoin ETFs
Following the launch of Bitcoin futures by CME and CBOE exchanges in December 2017, we knew Wall Street was itching to get into the Bitcoin trading. We are now barely a week into 2018 and the New York Stock Exchange (NYSE) has already filed for permission to launch a number of Bitcoin-related exchange-traded funds (ETFs). As […]
Indian Tax Authorities Closing in on Crypto Traders
Like everyone else, Indian bitcoin exchanges are confused about any applicable taxes on operating margins or revenues. They are making moves to seek clarity over taxation slabs. If applicable, exchanges could pay over $1 billion in taxes. According to Indian business daily Economic Times, seven of India’s leading bitcoin exchanges are planning to approach the […]
Why Ripple is against everything true Crypto community stands for.
Early innovators and investors, saw the technology behind Bitcoin as a global evolution of how we manage our wealth and conduct business, in the day to day lives. This technology called blockchain is greater than invention of the centralized internet because it is decentralized. Blockchains are politically decentralized (no one controls them) and architecturally decentralized (no infrastructural central point […]
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