- Estonia has renounced plans to establish a national cryptocurrency - Japanese banking conglomerate SBI Holdings will be launching its own crypto exchange VCTRADE - HitBTC, a crypto exchange, has stopped dealing with Japanese residents - Ripple is launching the University Blockchain Research Initiative (UBRI), an educational fund, with a starting capital of $50 million … [Read more...] about Crypto news in brief (June 6, 2018): Estonia, SBI Holdings, HitBTC, Google, Ripple, GitHub, Bitcoin Core, EOS
National Assembly of South Korea suggests making ICOs legal again
According to the online media, Business Korea, the National Assembly of South Korea has proposed to allow initial coin offerings (ICOs), a popular fundraising scheme that gained popularity in 2017-2018. … [Read more...] about National Assembly of South Korea suggests making ICOs legal again
Iranian citizens are turning to cryptocurrencies
Iranians are increasingly turning to bitcoin and other cryptocurrencies seeing how dramatically local currency rial is depreciating. … [Read more...] about Iranian citizens are turning to cryptocurrencies
US authorities to regulate crypto market in ‘balanced way’
William Hitman, Director at the Division of Corporation Finance of SEC (Securities and Exchange Commission), sees blockchain as a promising technology of the future. The initial coin offering, he notes, is a vital alternative way of doing business. … [Read more...] about US authorities to regulate crypto market in ‘balanced way’
France lowers capital gain tax on cryptocurrency to 19%
Retail traders until recently had to pay up to 45% tax on each transaction, not counting social security payments of 17.2%. The government has changed the rules, lowering the bar by more than twice. … [Read more...] about France lowers capital gain tax on cryptocurrency to 19%
Crypto news in brief (April 27, 2018): Bitcoin, Philippines, BBVA, Binance, IBM
- 17 million bitcoins have now been mined - The Philippine authorities will allow 10 companies to mine bitcoin, conduct ICOs and operate exchanges in a special economic zone - BBVA becomes the first global financial institution to issue loans using blockchain - Binance adds a new feature of converting 'crypto dust' into BNB - IBM introduces TrustChain, a blockchain … [Read more...] about Crypto news in brief (April 27, 2018): Bitcoin, Philippines, BBVA, Binance, IBM
Christine Lagarde shared her opinion on cryptocurrency and blockchain
Managing director of the International Monetary Fund (IMF) Christine Lagarde has recently published two blog posts on cryptocurrencies, describing disadvantages of digital assets and benefits they could provide. … [Read more...] about Christine Lagarde shared her opinion on cryptocurrency and blockchain
Iran’s central bank rules out cryptocurrencies
The Central Bank of Iran (CBI) issued a statement prohibiting the country’s banks and financial institutions from dealing with cryptocurrencies. … [Read more...] about Iran’s central bank rules out cryptocurrencies