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The United States Internal Revenue Service (IRS) delivered a statement saying that crypto investors that brought over USD 20 thousand worth of crypto coins from 2013 to 2015 received warning letters. In the letter, it was stated that those who have not…
The crypto market is very shaky currently. As prices experience small erratic shifts, Bitcoin (BTC) price is sitting around USD 9,500. Following a rapid decrease in price on July 28, the first crypto coin rose to USD 9,590 by 0.5 percent in…
The Department of Treasury of Australia released a new group of guidelines for the amount of traditional currency payments. The draft suggests that there should be a payment limit of AUD 10 thousand for goods and services. If the amount of money…
Brad Garlinghouse, the Chief Executive Officer of Ripple Labs Inc., along with the co-founder of the company, Chris Larson, released an open letter to the Congress of the United States. The letter was published on July 28, 2019. In the previously mentioned…
According to a report by the company, in the second quarter of 2019 Ripple the sales of the platform’s native token, XRP have increased by almost 50 percent reaching 251 million USD. Notably, institutional sales increased by more than 70 percent, rising…
According to Press TV, the Minister of Economy and Finance of Iran, Farhad Dejpassand stated that a meeting about cryptocurrencies, their legality and regulations will be held soon. Dejpassand hopes that a bill approved earlier this year will be turned into law…
Recently, the Bitcoin market has been floating around $10 thousand. The value is currently sitting at $9,714 and it has dropped over 3 percent in the last twenty four hours. Even though the value of Bitcoin is more than 5 percent higher…
Next week the Senate Banking Commission of the United States is going to have a thorough discussion on cryptocurrency, the blockchain technology and their regulations. According to an official announcement the hearing will be held next Tuesday, 10 AM Eastern Standard Time….
The chief executive officer of the Federal Reserve Bank of St. Louis stated that crypto coins are shifting the financial system of the United States by promoting unlawful activities and price volatility. He also added that the existing situation demonstrates a move…
The government of Japan is leading a worldwide movement for an intercontinental cryptocurrency transaction system. This system will have many similarities to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) used by most banks globally. The Japanese government intends to develop and…
Ron Paul: Cryptocurrencies Are A Great Idea Former Republican congressman from Texas and presidential candidate in the libertarian movement Ron Paul expressed concerns about crypto coins, as well as blockchain technology in a “Squawk Alley” interview on CNBC. Ron Paul: Cryptocurrencies Are…
The worldwide famous Liquid exchange platform has reported a new trading pair: Bitcoin Cash and USD Coin. This new pair will allow all users to exchange Bitcoin Cash for the famous USD Coin stablecoin. Besides, users will have the chance to link…
According to Bloomberg, a member of the European Central Bank executive board Benoît Georges Coeure noted that financial regulators have to move quickly to be prepared for the push by Facebook into the financial system. The intention of Facebook to develop Libra has…
The Government of Singapore suggested removing goods and services cryptocurrency taxation which operates as a means of exchange. On July 5, the Inland Revenue Authority of Singapore issued a draft of e-Tax guidelines on digital currency payments aiming to eliminate goods and…
Telegram Tokens Offered for Sale at Triple ICO Price Japanese crypto coin exchange Liquid reports that South Korea’s Gram Asia is selling rights to Gram, Telegram tokens, holdings at $4.00 per piece in a sale that will start on July 10. The…
The Ministry of Finance in Russia announced once again that, according to Russian crypto regulations, crypto coins won’t be employed as a means of payment in the country. Alexei Moiseev, the Deputy Finance Minister, told the Russian news outlet Rambler News Services…
Despite the fact that crypto rupee is designed to launch soon, strict Indian crypto regulations are proposed by the government. One of the laws suggests that possession of crypto coins in India will be punished by a prison sentence. The Reserve Bank…
The Department of Federal Revenue of Brazil has released new rules which report that crypto coin exchanges will be obliged to transfer data about user transactions to the agency. The intention of adopting new rules is to prevent tax evasion through crypto…
THE US TOKEN TAXONOMY ACT WILL NOT TAX TRANSACTIONS FOR LESS THAN $ 600 The Token Taxonomy Act (TTA) implies tax exemption for cryptocurrency transactions of less than $600, Jerry Brito said. Speaking at the Consensus conference, the director of the non-commercial…
CYBERCRIMINALS MINE XMR USING VULNERABILITIES IN OLDER VERSIONS OF CONFLUENCE ATLASSIAN According to the analytical company Trend Micro, cybercriminals use the vulnerability CVE-2019-3396 in the Confluence Atlassian software for hidden mining of monero. The vulnerability could allow cybercriminals to covertly install and…
