Cryptocurrencies

Here’s How the US-China Tension Could Benefit Bitcoin

Tensions between the US and China have risen in recent weeks. The US economy has declined in response, although some observers say it has also helped drive the bitcoin (BTC) cost lower to just under USD 12,000. While the further deterioration of US-China relations could benefit Bitcoin, figures from the crypto-industry told Cryptonews.com that sanctions […]

North Korea’s Crypto-Extortion Efforts Have Expanded Considerably in 2020

North Korea’s Crypto-Extortion Efforts Have Expanded Considerably in 2020

A group of hackers linked to the North Korean regime kept their efforts at crypto-extortion alive in 2020. According to a report published by Chainalysis, a group of North Korean hackers operating under the name “Lazarus” targeted several crypto-exchanges last year. One of the attacks involved creating a fake trading bot that had been offered […]

Blockchain Can Help Find a Cure for COVID-19

According to Brandon Mintz, CEO of the crypto ATM network, Bitcoin Depot. The blockchain group is playing an important role in helping to develop pharmaceutical drugs to counter COVID-19. Blockchain will carry immense computing power to validate transactions and create new coins. In an interview with Cointelegraph, Mintz emphasized that the greatest advantage blockchain brings […]

Kazakhstan Needs National Crypto to Combat Corruption, Local Official Says

The chairman of the anti-corruption agency in Kazakhstan has called on the government to create a national digital currency in the country to combat corruption. Alik Shpekbayev, chairman of the Republic of Kazakhstan’s Anti-Corruption Agency, has reportedly said that national digital currencies such as China’s digital yuan will lead to a more open financial system. […]

Crypto Scams Are Skyrocketing in 2020 Compared to 2017 Statistics

Whale Alert, the blockchain tracking and analytics platform, has revealed that scammers have stolen more than $38 million worth of Bitcoin (BTC) over the last four years. It could hit new heights by the end of 2020 Research by Whale Alert, which relies on data from the crypto scam monitoring platform, Scam Alert, shows that […]

Crypto Tax in South Korea Could Increase to 20% for Capital Gains

A crypto-related tax bill was recently discussed by South Korean private sector members. It is expected to impose a tax on capital gains on cryptocurrencies. Members indicated during those discussions on 13 July that crypto-earnings taxes could rise to as much as 20%. Cryptocurrencies could be considered “goods” The proposed amendments to existing legislation also […]

A Chinese official indicated that crypto will inevitably be part of the digital capital market.

China Needs to Reform the Crypto Laws, Former Official Says

Xiao Gang, former Chairman of the China Securities Regulatory Commission, said the country is facing a digital economic transition. So they need to follow the right rules for the fast-growing crypto-market. He spoke at the 19th Pushan Lecture of the China Finance 40 Forum, or CF40, which was held online on 7 July. Several officials addressed […]

Coinbase Exec Says Money Will Flee US Due to Crypto Tax Policies

Coinbase, America’s largest exchange of cryptocurrencies, claims many countries are far more open-minded about crypto legislation and taxation than America. During the Unitize panel on 7 July, Lawrence Zlatkin, chief tax officer at Coinbase, shared the exchange of views on taxation and the global cryptocurrency industry. He was joined by Jessica Reif-Caplan, a senior tax […]

Expedia Partners Crypto Service Travala.com for Crypto Bookings

For Crypto Bookings, Expedia Partners Crypto Service Travala.com. And now allows more than 700,000 crypto-currency accommodations to be booked through the Travala.com. The company added more than 700,000 accommodations to its crypto-powered travel platform. Which already has more than 2 million options available in 230 countries. According to a July 6 announcement shared with Cointelegraph […]

Acceptance of crypto growing across the continent of Africa

Acceptance of Crypto Growing Across the Continent of Africa

Crypto adoption is making substantial progress in Africa, with ownership of crypto, trade volume, and regulation all heading towards greater adoption. A recent report by Arcane Research and Luno found that Uganda, Nigeria, South Africa, Ghana, and Kenya. And these are often among the top ten countries searching for the word “Bitcoin” by Google. The […]