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Albeit the cryptocurrency markets still suffer from negative momentum, it seems a few coins are trying to buck the trend. So far, the EOS price has managed to increase by 4.52% over the past 24 hours, which is a better result compared to most other currencies in the top 10. Thanks to this gain, the … Read more
In today’s edition of Bitcoin in Brief we’re focusing on developments in the realm of international politics and economics regarding cryptocurrencies. The Organization of Economic Cooperation and Development is looking into the possible uses of digital coins and the associated technologies. Kazakhstan is calling for the adoption of common crypto rules by the United Nations, … Read more
All cryptocurrencies are still suffering from a lot of bearish momentum right now. Although things have begun to pick up a bit, there is no real positive momentum to speak of as of yet. The Ethereum price is struggling to remain above $700, despite noting a 1.2% increase in the past 24 hours. This coming … Read more
Thailand’s Revenue Department has announced that it will waive the 7% value-added tax for individual cryptocurrency investors. The country began regulating digital currencies and initial coin offerings on Monday, putting the Thai Securities and Exchange Commission (SEC) in charge of the regulations. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space VAT Exemption The decree … Read more
Social trading platform Etoro is expanding into the US. Pre-registration has already begun. Initially, 10 cryptocurrencies will be offered, but the company plans to add more throughout the year. The company’s crypto business has boomed in recent years, with 70% of its users reportedly trading cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more
Since its inception, one of the major goals of the cryptocurrency community has been the adoption of Bitcoin as a payment method for goods and services. As it stands now, consumers can use Bitcoin across a number of industries to purchase everything from real estate, to PCs, to pizza. However, Bitcoin’s high transaction costs, deflationary nature, … Read more
It’s probably been a while since you pulled out a wad of cash to purchase an iPhone or an Apple Watch. The transition to a cashless society has been in motion for some time now – in developed countries, at least. But if your go-to payment method is pulling out the plastic, well, that’s on … Read more
Cryptocurrency futures have proven to be somewhat intriguing traditional trading vehicles. More specifically, they allow institutional investors to be exposed to cryptocurrency without buying Bitcoin directly. It now seems CME is looking toward the future by introducing Ethereum indexes. It’s an interesting development, although Ethereum futures contracts are not on the roadmap as of yet. What … Read more
Venezuela’s Petro has proven to be a rather intriguing cryptocurrency. While it is the first of its kind – though not necessarily the last – to be backed by natural oil reserves, the Petro has not been received all that well. The United States was quick to prohibit the use of this new currency. However, it seems Venezuela … Read more
Not everyone is a big fan of Bitcoin and other cryptocurrencies. This is especially true in the case of government officials and banking experts. The St. Louis Federal Reserve Bank’s James Bullard recently made an interesting comment. In his view, cryptocurrencies oppose the need to create a market-based currency trading system with consistent pricing. James Bullard Dislikes Cryptocurrency It … Read more