It was a simple concept: a cryptocurrency whose units were always and constantly worth exactly one dollar, because they were backed by dollars held in a bank. Voila: dollars with the powers of crypto, such as the ability to quickly and permissionlessly transfer an arbitrary amount … and, er, a certain lack of pesky regulations. …
The South African Revenue Service is working to improve the tracking of cryptocurrency traders and their transactions in order to verify if they are paying taxes. According to its Commissioner, the agency is exploring ways to better identify those that are profiting from trading digital assets and check if they are evading taxation. Identifying Traders …
South African Tax Authority Going After Crypto Traders Read More »
Nexo (NEXO) has made known it has teamed up with Binance (BNB) to disrupt the traditional bank loan system with its newest invention. At the moment, Nexo now accepts Binance coin as collateral for minimum instant loans of $1,000, creating joy in the hearts of BNB lovers. Nexo Twitted: “Nexo https://nexo.io now accepts @Binance Coin (BNB) …
Binance (BNB) Teams Up With Nexo (NEXO) To Kill Traditional Bank Loan Read More »
Shinhan Bank, the oldest and second largest bank in South Korea, has entered into a partnership with the country’s largest telecommunications company to develop a blockchain platform for processing the digital tokens proposed by some of the country’s regional governments. According to the Korea Times, the deal will involve the bank working on the financial aspects of …
Two of South Korea’s Biggest Institutions in New Blockchain Partnership Read More »
19th Aug 2018 14.40 GMT China’s upcoming “Social Credit System” – designed as a national reputation scoring system for Chinese citizens on a broad range of criteria – will “boost decentralised cryptocurrencies and other technologies.”That’s according to one Chinese crypto-advocate we spoke to – Dan (not his real name) – who has otherwise asked to remain …
China’s “Big Brother” Social Credit System “Will Be a Boost to Bitcoin” Read More »
Cryptocurrency wallet Blockchain is adding up 50,000 users a day amidst the ongoing crypto market downturn. Posting on his Twitter account, Blockchain CEO and Cofounder Peter Smith made the claim in a tweet that also appeared to take a shot at Coinbase. Defying the Downturn Responding to a Bloomberg interview with Coinbase CEO Brian Armstrong where he stated …
Iran is doing what every respectable state sponsor of terrorism does when their economy is going down the drain. They turn to bitcoin. Just like North Korea did (and still does). As bitcoin outpaces the Rial (Iran’s currency), the next wave of ransomware attacks will be coming soon, courtesy of Iranian hackers. And the payment will, …
On Friday (17 August 2018), the U.S. Attorney’s Office, Southern District of California, announced via a press release that Jacob Burrell-Campos, a 21-year-old Bitcoin dealer, was “ordered held without bail today in connection with a 31-count indictment charging him with operating an illegal money transmitting business, failing to maintain an anti-money laundering program, international money laundering and conspiracy to …
21-Year-Old Bitcoin Dealer Indicted on International Money Laundering Charges Read More »
Courtesy photo / Coldwell Banker This two-bedroom townhouse in Arvada, listed earlier this summer, is believed to be the first property along the Front Range to be marketed on a major multiple listing service as accepting cryptocurrency. When you’re in the market for a new home, you probably have a lot of things on …
BitCondo: Is cryptocurrency the future of real estate? Read More »
MobileGo, which bills itself on its website as a dedicated token to bring eSports to everyone, has warned it will consider legal action against people making unreasonable demands against the company. The situation came to light on Twitter Friday, Aug. 17, when one tweeter commented that an ICO issuer is threatening to sue investors and anyone critical …
Sports Token ICO Issuer MobileGo Threatens Critics With Legal Action Read More »
