Bitcoin may not make the current monetary and financial system extinct, although its usage will likely vary depending on one’s location. Bitcoin may not mean an end to traditional currency and banking, according to Peter Van Valkenburgh, research director at Coin Center. “I think there’s folks in the Bitcoin community who probably make too many …
Author archives: Adam Owen
For the long haul? When Bitcoin nosedived, institutions held fast
Institutional investors know crypto assets are volatile: “They’re making a generational bet and are not deterred by a few weeks of volatility.” Mid-May’s price plunge was one of crypto’s wildest pullbacks in recent years, a tumble that eliminated nearly $1 trillion from crypto’s market value. The industry had soared to new heights a month earlier, …
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Sweden moving forward in e-krona CBDC trials
Sweden will trial its CBDC with a live banking participant. The experimentation will involve participation between Riksbank and Handelsbanken, a retail bank chain based in Sweden. Sweden has made a number of strides toward its own central bank digital currency, or CBDC, called the e-krona. The Sveriges Riksbank, the country’s central bank, now looks to …
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D. Costa, J. Rodríguez to Feature in ZIL’s Football NFT Collection
Zilliqa will be launching a football NFT Collection on June 6th It will include 10 global football stars including Diego Costa and James Rodríguez The football NFT collection will be in partnership with Polaris Sports Buyers of the NFTs will also have a chance at winning signed merchandise by each player Zilliqa (ZIL) has partnered …
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Sheetz chain of Convenience Stores To Accept BTC, ETH, LTC, DOGE
Sheetz will soon start accepting digital asset payments in its stores The company has partnered with Flexa and NCR to offer crypto payments Users will have the options of paying with Bitcoin, Ethereum, Litecoin, Dogecoin and several other digital assets supported by Flexa Availability of digital payments will initially be at select Sheetz Cafe Stores …
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Nashville Couple Sues IRS, Claim Bitcoin Mining & Staking Not taxable
Joshua and Jessica Jarrett, a couple from Nashville, are filing a lawsuit against the IRS after being taxed for the rewards earned from crypto staking on the Tezos blockchain. According to the lawsuit, Joshua and Jessica Jarrett seek an income tax refund of $3,293 in total for the 8,876 tokens mined. The couple is also …
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Crypto’s Special Place in The New World
CRYPTO’S SPECIAL PLACE IN THE NEW WORLD First things first, the new world is a digitised one. But, the question is — what is the place of cryptocurrencies in this new world? Everyone seems to be hopping on the crypto bandwagon as more and more people invest in cryptos, even when they know nothing about …
SEC Urges Congress to Pass Cryptocurrency Legislation to Protect Investors
The U.S. Securities and Exchange Commission (SEC) has urged Congress to pass cryptocurrency legislation to protect investors, the new SEC chairman has revealed. The securities regulator is also working with the Commodity Futures Trading Commission (CFTC) and the U.S. Treasury Department to combat criminal activity facilitated by cryptocurrencies, the chairman noted. SEC Working With CFTC, …
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Apple Hiring Manager With Cryptocurrency Experience to Launch New Alternative Payments Programs
Apple Inc. has posted a job notice for a business development manager with cryptocurrency experience. “This position will be responsible for the end-to-end business development, including screening partners, negotiating and closing commercial agreements, and launching new programs,” the job posting describes. Apple to Hire Manager With Crypto Experience to Lead Its Alternative Payments Efforts Apple …
BOJ’s Kuroda Criticizes Bitcoin — Central Bank Governor Says Trading Is ‘Barley Used for Settlement’
Following the recent developments in China and the environmental concerns about bitcoin’s energy consumption, the Bank of Japan Governor Haruhiko Kuroda criticized the leading crypto asset bitcoin in an interview on Thursday. BOJ’s Kuroda Says Bitcoin ‘Volatility Is Extraordinarily High’ Bitcoin prices have slumped again on Friday after a tumultuous week. After tapping a daily …
SuperBid (SUPERBID) Token Is Now Listed on Bitcoin.com Exchange
PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of SUPERBID, being available to trade on the 28th May 2021 at 12:00 UTC. The SUPERBID token was created by its respective team to fuel it’s social-auction app enabling its users to connect influencers with their fans in exchange for items, experiences, and NFTs. SUPERBID …
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Bitcoin can still drop to $20K but holding remains winning strategy, data shows
A majority of Bitcoin investors that held the cryptocurrency during its turbulent periods stand profitable. Unloading Bitcoin (BTC) spot positions when it starts crashing violently upon forming its all-time highs is a bad investment call, at least according to its historical price action. The flagship cryptocurrency’s eleven-year lifetime has seen it undergoing many bullish and …
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Crypto firms not meeting AML standards, says UK minister
Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year. Cryptocurrency businesses in the United Kingdom have been struggling to meet Anti-Money Laundering standards set by the Financial Conduct Authority, according to a senior official. John Glen, a member of U.K. Parliament …
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Australian tax office: Report crypto profits or else
The ATO said it already knows who is invested in cryptocurrencies and expects cooperation. The Australian Taxation Office has urged citizens to accurately report any profits made in the process of trading cryptocurrencies like Bitcoin (BTC), anticipating tax filings from a pool of 600,000 Aussies who it now believes to be invested in digital assets. …
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Bank of Japan governor slams Bitcoin, calls BTC a speculative asset
The BOJ governor says Bitcoin is a speculative play, while issuing warnings over price volatility. Haruhiko Kuroda, governor of the Bank of Japan, has joined the roll call of central bankers taking aim at Bitcoin (BTC) amid the current volatility. According to a report by Bloomberg on Friday, Kuroda argued against the value proposition of …
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