Bitcoin

Russian Public Officials Must Now Declare Their Crypto Holdings as Income

October 23rd, 2020

Public officials in Russia will now be required to declare all the crypto assets they hold as income. The measures are with effect from Jan. 1, 2021, local media reported. Russia’s prosecutor general Igor Krasnov declared: “Starting next year, civil servants will be required to declare [virtual] currencies on an equal basis with other assets.”…

8 Countries Stricken With Rampant Inflation See Bitcoin Prices Touch All-Time Highs

October 23rd, 2020

The price of bitcoin touched new highs in 2020 and a number of supporters are optimistic that the crypto asset’s value will drive higher. In addition to this year’s bitcoin price high, around eight different countries have seen bitcoin touch all-time highs (ATH) in their local currency. The bitcoin ATHs in these countries show how…

Bitmex Fast-Tracks KYC Program as Regulators Tighten Screws on Anti-Money Laundering Rules

October 22nd, 2020

Bitmex said Wednesday that it is fast-tracking its user verification program in order to comply with regulatory requirements. Users must now be fully verified by Nov. 5, 2020 “to continue trading on the platform,” it said. In a statement, the crypto derivatives exchange stated that “unverified users will not be able to open new positions”…

World Gold Council Survey Shows Cryptocurrency Investment the 5th Most Popular in Russia

October 22nd, 2020

According to a recent research survey, cryptocurrency investment is a touch more popular than gold in Russia. An organization called the World Gold Council surveyed 2,023 investors and cryptocurrency turned out to be the fifth-largest investment next to gold. The World Gold Council (WGC) is considered an authority on the gold industry as the market…

Bitcoin Price Analysis: BTC Tops $12,000 As The Crypto Market Turns Bullish

October 21st, 2020

Bitcoin finally smashed the resistance at $12,000 just like our predictions have pointed out in the recent past. The last time the bell-weather cryptocurrency traded above this zone was at the beginning of September. On the other hand, BTC/USD brushed shoulders with $12,500 in August. At the time of writing, the flagship cryptocurrency is trading…

European Commission Opposes Crypto Fraud Compensation Fund: Victims Say Commission Cozying up to the Industry

October 21st, 2020

The European Commission (EC) is opposing the creation of the crypto crime victim superfund to be financed with $0.0001 per dollar on all cryptocurrency transactions occurring within the EU. The Commission says that it does not have the competence to set up and administer such a fund. It also argues that most crypto crimes occur…

Hotel Bitcoin ATMs on the Rise With Addition of Swiss Hotel Dolder Grand

October 21st, 2020

The number of hotels with a bitcoin ATM on-site is growing in Switzerland. The latest announcement came from The Dolder Grand, a luxury hotel and spa in Zurich, which recently installed a crypto ATM supporting four cryptocurrencies. Bitcoin ATMs Gaining Popularity in Hotels The Dolder Grand announced Monday that a cryptocurrency ATM has been installed…

Macro Investor Dan Tapiero on Crypto Adoption: Emerging Economies Ahead of Developed States

October 20th, 2020

Bitcoin and gold holder Dan Tapiero, says it is still early to talk of widespread crypto adoption as the proportion of users relative to the rest of the population remains low. Tapiero makes the remarks while referring to a study, which places Nigeria at top of the list of countries with the highest number of…

Filecoin Miners Start a Strike – FIL Validators Claim the Project’s Economic Model Is Not Working

October 19th, 2020

The Filecoin project has surely seen a lot of hype but during the last few weeks before the launch, the cooperative digital storage crypto project has been criticized a great deal. This weekend a few Filecoin miners have been on strike and claim the economic model is not working out for them. Just recently the…

The Great Financial Reset: IMF Managing Director Calls for a ‘New Bretton Woods Moment’

October 19th, 2020

As the global economy shudders from the disastrous effects of central planning, the International Monetary Fund (IMF) managing director in Washington, DC, Kristalina Georgieva is calling for a “new Bretton Woods moment.” Georgieva spoke about the juncture on October 15, and she stressed today’s economic hardships are the same as the difficulties the world faced…