Crypto on the daily
The Litecoin Foundation announced that LitePay has shut down all operations related to the project in preparation to sell the company. The Announcement In an announcement posted yesterday, which The Litecoin Foundation addressed to the entire Litecoin community, they stated that they regrettably had to announce the closure of LitePay. They go on to say that Continue Reading
While Russia has not endorsed cryptocurrencies as yet, an endorsement by President Vladimir Putin for blockchain technology to be used by Russia to advance the country has put blockchain legislation on the forefront of lawmakers. According to TASS, a Russian news agency, an outline for the legislation could be ready in the next few months. Continue Reading
For years, Bitcoin has been used for criminals in the deep web in order to pay for illicit drugs and other products and services. Since then, and because there is a lack of information from mainstream media, Bitcoin has been taken as the currency for criminals. Technically, criminals prefer to use other altcoins with better Continue Reading
Israel is known as the start-up nation. Several tech start-ups are located in the country and have their head quarters there. But some time ago, the Israeli government has decided to tax Initial Coin Offerings, organizers and investors. Now, Israel Tax Authority (ITA) announced that Bitcoin and cryptocurrencies would be treated and taxed as property Continue Reading
In a country where Bitcoin regularly sells at a 50% higher price compared to the rest of the world, the death of a cryptocurrency regulator doesn’t go unnoticed. This Sunday, Jung Ki-joon, the economic policy leader in charge of South Korea’s cryptocurrency regulation was found dead in his home. Mr. Ki-joon spearheaded the Continue Reading
Rob Joyce, the special assistant to the president, and White House cybersecurity coordinator has said that there’s a long way to go before the U.S. government starts regulating Bitcoin. Joyce, speaking at a security conference in Germany emphasized the importance and need for governments to understand the benefits and risks of Bitcoin and other cryptocurrencies Continue Reading
Cryptocurrencies and blockchain technology have entered in 2018 knowing that it was going to be the year of regulations. The most important countries are trying to regulate the market and this will be the most important topic in the G-20 meeting. But self-regulations are also arising in the industry. Croatia has a new self-regulating body Continue Reading
The South African Reserve Bank, in an official announcement, has released information on a new initiative that will include “Project Khokha” in partnership with the Ethereum coder collective known as ConsenSys. The announcement also includes confirmation that the SARB will look into its position on private cryptocurrencies, regulation thereof as well as “Innovation facilitators” which Continue Reading
The SEC (Philipines) are working with their counterparts in the U.S. and Australia to develop new regulations for cryptocurrencies. This framework will be designed to handle and manage the local use and trading of cryptocurrencies, but sources also say that a large amount of the regulation will focus on ICO’s. The regulations are currently only Continue Reading
Just one year after the inception of bitcoin in 2009, there were those who were already proclaiming that this new ‘digital currency’ was simply a tech novelty and it would soon meet certain death. (There is a website that tracks all of the ‘bitcoin obituaries’ in which prominent outlets have declared the currency a failure, Continue Reading