News

How Turkey’s New Crypto Regulations Are Good News For Bitcoin

Turkey crypto regulation

According to new amendments made into the crypto regulation of Turkey, the region may be seeing a completely revamped reality for the blockchain industry.

Earlier this week, The Capital Markets Board of Turkey, also known as the CMB addressed the public in a press release, saying that additional changes to the reinforcement of investor security would be made to the Turkish crypto regulation.

What this means is that the current regulation on allowing crypto …

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Bitcoin Proves To Be A Safe Haven Alternative With The Iran Crisis

Bitcoin Iran

There have been two occasions where Bitcoin was considered an alternative safe haven to gold and cash. The first occasion was when it first hit the markets and started to trade around for extremely low prices, and the second was when it hit its highest valuation in 2017.

Ever since then, the debate on whether or not the alternative safe has argument is true has been raging across multiple platforms.

However, we have now …

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Reuters’ New Crypto Tax System Could Revolutionize The Blockchain Industry

Reuters tax agency

Thompson Reuters has recently partnered up with a blockchain firm Verady in order to develop and launch a crypto tax audit system which will help not only crypto investors but also accounting professionals to calculate and deliver accurate estimates of due taxes to the Internal Revenue Service or any tax agency in the world.

The announcement was made on December 19th by Reuters themselves and focused on what the new system will introduce for both …

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Binance Is Afraid The World Can’t Keep Up With China In Blockchain

Binance CEO

The CEO of Binance, one of the largest cryptocurrency exchanges in the world, mentioned in an interview with Bloomberg Asia that the world is going to enter a technology race in developing as many blockchain systems in as many industries and government sectors as possible.

However, Changpeng Zhao, also knowns as CZ has mentioned that China has become extremely technology friendy and therefore will be a tough opponent even if every single Western country unites …

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IRS “Rewards” Compliant Crypto Holders With Tax Refunds

Internal Revenue Service

The Internal Revenue Service of the United States of America has recently issued several tax refunds to citizens that accurately declared their crypto possessions.

Back in August 2019, the IRS had issued warnings and sent letters to a couple of known crypto investors that the assets that were in their possession are subject to taxation, and therefore would be appropriated with a fine if failing to comply with taxing laws.

Many crypto investors didn't worry …

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No, China will not re-introduce crypto trading as legal tender

Crypto in China

In an unpredicted turn of events, it seems like the Chinese government is slowly, but surely starting to promote the adoption of the blockchain alongside the implementation of a crypto-run digital economy.

Unfortunately, though, it needs to be said straight away that this doesn't mean the ban on ICOs as well as crypto exchanges will be lifted anytime soon. And if it is, then there will be extremely limited availability of tradeable cryptocurrencies on these …

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How Zuckerberg Tried to Sell Libra as a Weapon Against China

Facebook's Libra

On the 23rd of October, the United States House of Representatives Financial Services Committee heard testimony from the CEO of Facebook, Mark Zuckerberg.

This time, the focus was not on Facebook selling user data to advertisers or the highest bidder, but the potential threats that the new Libra Association could potentially bring to not only the US financial industry but to the global one as well.

The main topics of discussion were the compliance of …

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A Quick History of Crypto in the Nordic Countries

Cryptocurrencies started to affect the world the moment they appeared. And while northern Europe was certainly not the first place they took off, the Nordic countries quickly got a whiff of blockchain technology.

The involvement of various Japanese and US software developers in mining quickly spread crypto knowledge around the world. And the news soon reached countries like Norway and Sweden. Those are not the only two Nordic countries, but we'll focus on their stories …

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