Crypto Cards Safe to Use in Russia
Crypto News

Crypto Cards Safe to Use in Russia

A report from local media revealed that using cryptocurrency debit cards to purchase goods and services does not violate Russian law. Alexei Moiseev, Deputy Finance Minister, said that the Russian Finance Ministry receives a lot of queries regarding digital coins and their applications. In the Gaidar economic forum, an annual …

Investors Diligently make their Way into Crypto Industry
Crypto News

Investors Diligently make their Way into Crypto Industry

A partner at the Winklevoss Twins’ office, Sterling Witzke believes that 2019 will not be a turning point for institutional investors to get into cryptocurrency industry. In a recent interview, Witzke indicated the culmination of the 2017 crypto market bull run, the time when Bitcoin rose to all-time highs of …

Danish Tax Agency Gains Excess to Crypto Traders' Data
Crypto Exchange

Danish Tax Agency Gains Access to Crypto Traders’ Data

The Danish Tax Agency has acquired rights to gather traders’ information from local cryptocurrency exchanges to check if they are paying their taxes. The Danish Agency named the Skattestyrelsen has set precedence as it announced on Monday that this is the first time the country’s Tax Council has received the …

Mongolia's Cheap Electricity Attracts Japaneses Bitcoin Miners
Bitcoin Mining

Mongolia’s Cheap Electricity Attracts Japanese Bitcoin Miners

Cheap electricity and cold weather are proving to attract a growing number of Japanese bitcoin miners to Mongolia. A country which lies between two of the most powerful nations in the world; China and Russia. Tokyo-based e-wallet company, Ginco is currently carrying out its crypto mining operations in Ulaanbaatar, Mongolia’s capital. Ginco …

Cryptocurrencies don't require SEC's Supervision: US Congressman
Crypto Regulations

Cryptocurrencies don’t require SEC’s Supervision: US Congressman

On January 10, in an interview with the financial news channel Cheddar, Darren Soto, United States congressman asserted that many cryptocurrencies should not be under regulations of the country’s securities regulator. The Congressman believes that cryptocurrencies should be supervised by the Commodities and Futures Trading Commission (CFTC) and Federal Trade …

Belgian Non-Profit's Twitter Hacked for Fake Crypto Promotions
Crypto Scam

Belgian Non-Profit’s Twitter Hacked for Fake Crypto Promotions

A Belgian non-profit’s twitter account was hacked and turned into a fake affiliate account of United States based crypto exchange, Coinbase. A false giveaway promotion was posted through the hacked account. The tweet from the account allegedly celebrated Coinbase’s user base growth. The tweet was posted on January 9, and …

Central Banks Wary of Issuing Own Cryptocurrencies
Crypto News

Central Banks Wary of Issuing Own Cryptocurrencies

The Bank of International Settlements (BIS) recently published a survey indicating that many central banks are “proceeding cautiously” on issuing their cryptocurrencies. It also revealed that only a few are planning to do so in the near future. Swiss-based BIS conducted a survey involving 63 members of the central banks …

Mainnet Launch Results in IOST’s Price Gain
Crypto News

Mainnet Launch Results in IOST’s Price Gain

The launch of Mainnet has impacted the markets, as indicated by a recent double-digit increase in IOST’s price. The gain has risen by 30% in about a week. IOST, having the market cap of around $81 million, increased by 13% in 24 hours. IOST’s blockchain infrastructure which exudes higher scalability …

Coinbase Shuts down Accounts Belonging to Gab and its CEO
Bitcoin Exchange

Coinbase Shuts down Accounts Belonging to Gab and its CEO

Gab which is known to be an anti-censorship social media platform has reportedly been de-platformed by Coinbase. As said by the Gab team on January 5, the accounts of both Gab and its CEO, Andrew Torba, were shut down by Coinbase, one of the largest Bitcoin exchanges and wallets. In …

BitTorrent To Introduce Own Cryptocurrency
Crypto News

BitTorrent to Introduce Own Cryptocurrency

The famous peer-to-peer file sharing platform BitTorrent has announced that it is planning to create its cryptocurrency with the help of Tron network. Along with other uses, the token will be used to make payments for higher speed file download on the company’s uTorrent client for Windows. The CEO of …