“Nobody uses the Blockchain, which explains the volatile nature of crypto-currencies”

While Bitcoin is seen by some mainstream critics as a giant bubble ready to explode, long-time users feel there is nothing to worry about. Fluctuations in the price of flagship cryptocurrency are commonplace in this industry. As for users who use Bitcoin moderately, they say openly that “nobody knows” what will happen on the crypto-market. Use more Blockchain […]

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Cryptocurrencies are taxable goods, according to the New Zealand tax authority

A comparison between crypto-currencies and gold highlighted the similarity between the two assets. The Inland Revenue Department (IRD) of New Zealand recently stated that the buying and selling processes of gold and virtual currencies are very similar in terms of taxation. The New Zealand tax authority IRD conducted a study after which it claimed that cryptocurrencies are […]

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Binance sees its centralized exchange service and the DEX community coexists for a while

Changpeng Zhao, the CEO of Binance, hopes that the next decentralized crypto-exchange (DEX) will coexist with its Bitcoin exchange platform (BTC) “for a while. “ Binance is different from the competition Launched in July 2017, Binance has quickly become the world leader in cryptocurrency trading services . It has more than 9 million users and is launching its decentralized platform […]

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South Korea promotes Jeju Island as Blockchain hub

South Korea’s infatuation with technological innovations is still in its infancy. The country would have propelled the island of Jeju as an incubator for the Blockchain technology industry. In parallel, it announced its intention to “feed” 8 sectors of the national economy, including the Blockchain by investing 5,000 trillion won, or about 4.4 billion, by 2019. Jeju Island as […]

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The centralized trading platforms falsifies their transaction volumes deal with decentralized crypto-scholarships

According to Sasha Ivanov, the CEO of the Waves platform, the crypto-decentralized crypto-currencies (DEX) are much more reliable than the centralized trading platforms. Also CEO of the startup Blockchain Vostok Ivanov believes that the decentralized trading platforms of virtual currencies would help eliminate the erroneous volumes of the crypto-market. Changpeng Zhao, the CEO of Binance – the world’s […]

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The Turkish lira is more volatile than Bitcoin

Turkey is experiencing a persistent economic crisis. The Turkish lira continues its downfall while Bitcoin has recorded a relatively low fluctuation lately. Turkey’s national currency seems more volatile than the No.1 cryptocurrency, according to local media. Bitcoin profits from Turkish financial crisis In the article entitled “the crisis of Turkey propels the volatility of the pound over that […]

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Cryptocurrency trading is still illegal in Saudi Arabia

A Saudi government regulatory committee has just issued a statement banning the trading of cryptocurrencies such as Bitcoin (BTC). Firm on its positions, the Saudi government is launching in parallel a major repression against the ploys of “illusion and wealth” traders crypto-currencies. Standing Committee Prohibits Trading of Digital Currencies The Saudi Arabian Monetary Authority (SAMA) issued a […]

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Generation Y aversion to banks will create new financial institutions related to cryptocurrencies, according to Tom Lee

The Fundstrat Strategistand fervent optimistic digital currencies Tom Lee believes that the generation Y aversionfor banks should greatly reshape the financial landscape. It would guarantee a proven benefit to cryptocurrency related companies like Robinhood and Square. Young people in the “main lever” age group are changing the game The recent announcement of the ICE, the owner of the New York Stock […]

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