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Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead of Election, Major Parties Support Tax Break for Crypto Investors […]Powered by WPeMatico
Bitcoin was the most popular cryptocurrency in Russia in October, outpacing coins like Tether and Litecoin.
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Financial technology (fintech) has exploded during the last two years and cryptocurrency and blockchain firms have bolstered the billion-dollar industry. A recently published study by Utility Bidder indicates that the industry is predicted to surpass $382 billion by 2027. Moreover, fintech firms that are blockchain-specific are projected to be worth over $67.4 billion by 2027. […]Powered by WPeMatico
Blockchain technology and smart contracts are helping to expand the residential mortgage market beyond the grip of big banks and governments.
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On October 20, the day bitcoin smashed a new all-time price high, the real estate platform Pacaso announced it will be accepting cryptocurrencies via Bitpay. The CEO of the real estate firm that helps people buy and co-own a second home, Austin Allison, says the firm has seen increased crypto adoption “across the real estate […]Powered by WPeMatico
Crypto adoption in the real estate market could see fractional property ownership becoming more popular.
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United Wholesale Mortgage previously announced plans to test Bitcoin and Ether for mortgage payments in August.
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Blockchain technology is said to provide more efficiency and transparency around real estate investment management.
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The crypto market staged a roaring comeback after Evergrande makes a deal to pay its debts and the Fed signals a continuation of its current monetary policy.
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Fear over the Evergrande situation weighed heavily on equities markets and Bitcoin price, leading traders to expect a bounce in the $42,000 to $38,000 zone.
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