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Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation
6.11.2020
The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic...
Bitcoin’s Market Cap Is More Valuable Than the IMF’s Special Drawing Rights Reserves
6.11.2020
At its current price per unit, the decentralized cryptocurrency Bitcoin’s market valuation has surpassed the overall value of the International Monetary Fund’s (IMF) Special Drawing Rights market (SDR $281 billion). Since the massive global market rout on March 12, bitcoin has risen...
Brazilian gov't gets help from US Justice Department to seize $24M in crypto
5.11.2020
The government of Brazil requested assistance from US authorities regarding a crypto fraud scheme called “Operation Egypto.”
Fidelity Digital Assets Is Hiring More Crypto Engineers
5.11.2020
Fidelity said it wants to improve bitcoin custody and executive services and build products to "support the ecosystem."
Justice Department seizes $1 billion in recently moved Silk Road crypto
5.11.2020
The move follows widespread crackdowns by the DoJ on crypto
$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of Digital Currencies
5.11.2020
The United States Department of Justice (DOJ) says it has seized cryptocurrencies worth $24 million after receiving an official request from the government of Brazil. The seizure stems from an ongoing investigation into the $200 million cryptocurrency scam that may have defrauded tens of thousands...
Stobox Offers a Better Way To Make Money in Crypto Than DeFi. Invest Like the Rich
5.11.2020
PRESS RELEASE. DeFi is a risky investment. It can deliver huge returns – but also you can waste all your money. Objectively, many DeFi projects are a scam, and if they give dishonest promises or steal your money you have no way to get your money back or find the responsible persons. For this...
Bitcoin Price Spikes Over 9% as the Crypto Asset’s Value Nears $15K
5.11.2020
The crypto economy has jumped over the $400 billion mark and is now hovering around $414 billion at the time of publication. The largest crypto asset in terms of market cap, bitcoin has over 9% during the last 24 hours steadily marching toward the $15k zone. During the last 30 days, Bitcoin (BTC)...
Why Crypto Is the Next Big Trend in Financial Planning
5.11.2020
If the robo-advising trend taught advisers anything, it's that millennial and Gen X investors will invest how they want. And right now, they want crypto
Russian Crypto Traders May Be Forced to Declare Earnings to the Taxman
5.11.2020
Russia’s parliament, the State Duma, will debate a new draft law that would force Russians to declare “electronic” asset earnings and holdings on overseas-based platforms – in a move that could potentially impact crypto traders.
Although the draft bill does not make specific mention of crypto...
Dormant crypto exchange Cobinhood to ax real-time customer support in 2021
5.11.2020
Once a popular exchange, Cobinhood is phasing out more services
Crypto mining is now drawing in the world’s top renewables producers
5.11.2020
At what point will greening crypto energy consumption be enough?
Crypto Exchange Coinbase Is on a Hiring Spree in Japan
5.11.2020
Coinbase is hiring in Japan, with various roles up for grabs in the capital Tokyo
Crypto trading platform Bybit partners with soccer club Borussia Dortmund
5.11.2020
For now at least, the partnership appears focused on mutual brand outreach and marketing
Knife-edge Biden-Trump Showdown Has Crypto Backers on Both Sides
5.11.2020
As American voters face a nervous wait to see if Democratic candidate Joe Biden can edge out President Donald Trump in the recent United States election, it appears that some big crypto community players may be watching the vote counts with more trepidation than others – with Bakkt's parent and...
CEO of crypto derivatives exchange FTX donated $5M to Biden campaign
5.11.2020
The "relative newcomer" to politics joined other major CEO donors to the Democratic candidate
When Can You Use Crypto Losses as an Offset?
5.11.2020
If you own crypto, you can assert any crypto losses in the course of your crypto trading on taxes to offset your capital gains. It is essential to claim a crypto capital loss for various reasons. The article will break down why you have to deal with your crypto taxes, even when you face losses....
Hash Watch: Bitcoin Cash Services Reveal Contingency Plans for Upcoming Fork
5.11.2020
The Bitcoin Cash blockchain is set to upgrade on Sunday, November 15 and it’s still expected that the network will bifurcate. So far, a number of crypto services have revealed contingency plans for the fork, and today’s data shows that 754 out of 1,000 bitcoin cash blocks were mined...
CryptoFranc (XCHF) – A Stable Coin by Swiss Franc Crypto Firm
5.11.2020
In the race of cryptocurrencies, there are many new digital currencies from various regions and countries from all around the globe entering the Crypto ecosystem. In this fierce competition, every new cryptocurrency has to pave its way and fight its own survival battle. Still, even after such...
Crypto-powered prediction market flourish during US presidential election
5.11.2020
Crypto-powered election futures have seen a wild 24-hours of trade, with decentralized platforms Augur and Polymarket posting record volumes