Numerous cryptocurrency exchanges provide fiat onramps for clients all over the world. One notably absent currency is the Pound Sterling, albeit Kraken is offering extra options in this regard. It is crucial for any cryptocurrency trading platform to cater to users from all over the world. Kraken Expands its GBP Options Albeit the UK is in a tough spot politics-wise, the residents are still keen on Bitcoin and altcoins in 2019. Kraken acknowledges there is a big market waiting to be tapped. Although the company already had GBP support, the company decided to expand upon its available offerings. Two new
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There are still many questions associated with China’s digital currency plans. The PBoC has now confirmed how the currency will be tested in a few cities, and will gain the support of telecom giants. The to-be issued central bank currency in China will go through rigorous testing first and foremost. PBoC Announces Digital Currency Test Although very few details are known about it at this time, it seems more information has come to light. PBoC Officials have confirmed this digital currency will be put to the test in Suzhou and Shenzhen. This test will give the central bank a basic 
The U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019. Tax experts are frustrated at the vagueness of the tax agency, with some questioning whether the answers would increase the chances […]
American cryptocurrency holders are all too aware of what the IRS aims to achieve. In a new form sent to recipients, the agency is trying to dig deeper into people’s crypto past. It is pertinent for US cryptocurrency users to report their holdings, earnings, and losses to the IRS. The IRS is at it Once Again Those who decide not to be honest about their holdings will feel the consequences sooner or later. What is somewhat disturbing, however, is how the IRS keeps prying crypto enthusiasts for more information. A new form surfacing on the agency’s website shows how taxpayers 
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight of cryptocurrencies in the country. Also read: Crypto Startups to Get up to […]
China remains a very mysterious nation in many different ways. The country is keen on blockchain technology, and the People’s Bank of China is taking things one step further. Earlier this week, the PBoC began issuing financial bonds over the blockchain to small businesses. China’s Blockchain Venture Continues These bonds will serve as SMB loans, adding up to roughly $2.75bn in total. These bonds are not issued on a public blockchain, but rather infrastructure developed by the PBoC itself. It appears this infrastructure will also be used as the primary blockchain-oriented record keeping service across China. This news comes a 
Deutsche Bank analysts have made some predictions regarding the future of cryptocurrency. Strategist Jim Reid explained why cryptocurrencies are inevitable and how the existing fiat money system could crumble over the next decade, leading to soaring demand for cryptocurrencies. Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets ‘The End of Fiat Money?’ – […]
Gift cards have become a popular payment tool for cryptocurrency users. Plenty of platforms now offer a wide variety of cards which can be purchased with your digital coins. You can use them to buy just about any product or service from major and small retailers, order food and drinks, or book a flight. And […]
When it comes to determining the performance of cryptocurrencies, Bitcoin is always miles ahead of the rest. That is, until this year, as Binance Coin has had a pretty decent year as well. Competing with the world’s leading cryptocurrecy is no easy feat, even under the best of circumstances. The Success of Binance Coin Most of the altcoins have lost value, even those ranked in the top 10 depicted by market cap. One exception is Binance Coin, the native token of the world’s most popular cryptocurrency trading platform. Some statistics indicate BNB has gained roughly 150% in value this year 
The U.S. Securities and Exchange Commission (SEC) has approved an investment fund that will invest in bitcoin futures contracts. SEC Commissioner Hester Peirce calls this move “a bit of progress.” The SEC has also revealed why it decided to approve such a fund. Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets Bitcoin Futures […]