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The state of Wyoming in the Unites States of America has passed a new bill that now classifies cryptocurrencies as money. The new bill has broken down cryptocurrency into three categories, digital securities, digital assets and virtual currencies. Experts say the classification had been long due and has set the cryptocurrencies rolling forward. The Bill […]
Huobi, the Singapore-based cryptocurrency exchange group is ready to make a comeback into Japan, this time with a full Financial Services Agency (FSA) License. This came about after its merger with BitTrade. Leon Li, the Huobi Group Founder and CEO described their re-entry into the Japanese market as a milestone. Li acknowledged Japan as an […]
International banking giant, HSBC is the latest to be sucked into the blockchain vortex. HSBC revealed that it has made over three million forex trades in 2018 with about 150,000 payments via FX Everywhere, its proprietary blockchain. Richard Bibbey, the acting head of currencies at HSBC said the bank conducted thousands of foreign exchange transactions […]
The Bulgarian National Revenue Agency (NRA) will be keeping close watch on cryptocurrency trading platforms to make sure that they are complying with the law in terms of tax and social security legislation. The agency suspects investors of owing unpaid taxes. According to an official statement, the NRA will take over details of all token […]
After months of contemplation, Malaysia has finally legalized cryptocurrency. As of today (January 15, 2019), digital assets and ICO tokens will receive legal recognition by the Malaysian Government. The Finance Minister Lim Guan Eng said cryptocurrencies including ICOs and digital tokens would be classified as securities by the Capital Markets and Service Order 2019. It […]
Cryptocurrency has ventured into the luxury timepieces market, with the world famous A. Favre & Fils to craft an inbuilt crypto cold-storage wallet. In its official website, the Swiss watchmaker announced that they will be offering a ‘state-of-the-art proprietary security solution’. It will be based on blockchain technology. Laurent Favre, the company’s chief executive officer […]
Tim Draper, a billionaire venture-capital investor, is now 70 times richer with $89.1 million after investing $18.96 million in Bitcoin five years ago. Draper had purchased 30,000 BTC, paying $632 per Bitcoin, from the US authorities in a auction in 2014. In 2018, in an interview with The Street, Draper had said cryptocurrency is going […]
The Thai Ministry of Finance has provided digital asset Trading Authorization to four crypto-based firms, as per a report released by the nation’s Securities and Exchange Commission (SEC) on the 8th of Jan. As per the declaration, the authorizations supposedly have been granted by the finance ministry “as per the suggestion of the SEC Panel.” […]
The cryptocurrencies are inherently tempestuous; it’s volatile and very unstable by nature. The opinions about them are wildly divided. But in a bizarre development, these digital assets are gaining acceptance among the usually orderly but luxurious world of Art writes Victoria Burrows for the Peak Magazine. In what is termed as the democratization of art […]
Finance Analysts of china are expecting the current price rate of bitcoin bear market to continue in 2019. They have been contradicting the statements that the bullish projections of cryptocurrency bulls like Mike Novogratz. Mike is the one who predicts that the bitcoin price will hit higher prices in a record high in 2019. Previously […]
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