Cryptocurrencies

bitcoin

The Use of Bitcoin Increased During the Economic Recession in Egypt

As the COVID-19 pandemic pushed the Egyptian economy into recession. And unemployment deepened, the benefits of trading. And mining Bitcoin are seen by more and more Egyptians as an alternative source of income. Many Egyptians, particularly young people, are interested in crypto-currencies, according to Al-Monitor. The economist and financial advisor to several investment institutions in […]

cryptocurrencies

Suspended ePayments platform restarts without crypto

The online money transfer platform ePayments is restarting services after a seven-month suspension. And cryptocurrencies support is notably absent this time around. The ePayments is a global money transfer service with more than 1 million accounts and 75,000 debit cards issued. The company made profits of $US23.2 million in 2019 according to its regulator filings. […]

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 […]