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Russian railway company RZD may turn out to be a state-owned giant that does not shy away from technological advances brought about by cryptocurrencies like bitcoin. According to media reports, Russian Railways is planning to implement blockchain applications, smart contracts and ticket sales in crypto. Both company officials and independent experts have spoken about the … Read more
An established Japanese corporation has begun offering loans secured by cryptocurrency. The company says this is the first service in Japan where loans in Japanese yen can be obtained with cryptocurrency as collateral. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Loan Program Abic Corporation announced Friday the launch of its bitcoin loan … Read more
In polite pockets of society, acceptable and positive crypto talk revolves around its amazing tech and what the future might hold. At least one bitcoiner has tossed aside such niceties, and examined the world’s most popular cryptocurrency as a potential offshore tax avoidance haven. Depending on the study, as much as $20 trillion is hidden … Read more
There is never a lack of controversy in the world of cryptocurrency. According to Ripple CEO Brad Garlinghouse, Bitcoin will not remain the “gold standard” of cryptocurrencies for much longer. Instead, he is convinced that altcoins will carve out their own paths and no longer rely on Bitcoin’s price momentum. Brad Garlinghouse has Some Contrarian … Read more
The Bitcoin network consumes more electric energy in a year than the Czech Republic. Some say that Bitcoin’s high electricity cost is the price we pay for network security, others see it as a threat to the environment Go to Source Powered by WPeMatico
At press time, the father of cryptocurrencies has incurred a small bull run during the early morning hours of June 2, and is now trading for over $200 more than where it stood just 24 hours ago. While this behavior is nothing new (bitcoin has fallen some, then gained some over the past several days), … Read more
There are many different opinions on whether or not Bitcoin and other cryptocurrencies have a bright future ahead. The International Monetary Fund seems confident there is no need to regulate this industry at this stage, even though other officials see things differently. Dong He of the IMF is convinced that cryptocurrencies may replace central bank money in … Read more
China remains a very peculiar country when it comes to Bitcoin and other cryptocurrencies. Despite the government issuing a ban on CNY-based trading a while ago, it seems there is still a very tangible interest in cryptocurrencies. In fact, it seems the Chinese government might reverse its stance on this form of money fairly soon. … Read more
The South Korean government has clarified its position in response to the recent ruling by the country’s Supreme Court stating that cryptocurrency is an asset with measurable value that can be confiscated. The government says its position should be viewed separately from that of the Supreme Court. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more
“We recommend the IRS release immediate guidance regarding the tax treatment of virtual currency transactions” Go to Source Powered by WPeMatico