1 BTC =
$7055.29867904
David Marcus, the star executive who was leading the Messenger group at Facebook has recently moved out to form a new blockchain group. The blockchain group under his supervision is rumored to build a platform and a cryptocurrency from scratch which will allow Facebook marketplace users to instantly pay for the good bought. While…
Bill Harris, the former CEO of Paypal sees Bitcoin as a “scam” and investing in Bitcoin as “gambling.” He points out that the “volatile” nature of cryptocurrencies will not allow it to ever become an effective means of payment or a great store value. Besides Bill Harris, other personalities have also voiced their negative opinions…
Taxes on gains from cryptocurrencies transactions has been reduced to a flat 19% rate from the previous high rates that went up to 45%. Profits made from cryptocurrencies will now be seen as capital gains of movable property. François Villeroy de Galhau, the French Central Bank is stating that there is a necessity to promote…
BTC prices have gone through a downward correction and have now bounced back above the USD 9000 threshold. Expert predicted market volatility and sell fear, but it appears that their predictions have been proven wrong. Besides Bitcoin, other Altcoins are also joining this bullish trend. It appears that the crypto-market is experiencing a downside correction and…
Mt. Gox was always considered to be one of the most notorious cryptocurrency exchange desks, especially after the 2014 incident when it went down with 850000 bitcoins belonging to their users. And now, it seems the company has moved another huge batch of its remaining funds to consolidated wallets. As per recent data collected by…
The cryptocurrency market is becoming larger by the day, and developing a more pronounced presence in each country. With its increase in popularity some governments are feeling somewhat threatened, one of which happens to be South Korea. The country’s Deputy Minister of Strategy and Finance, Kim Yong-jin recently commented that digital currency could disrupt the…
Martin Lewis, a proprietor of consumer finance site and host of The Martin Lewis Money Show, has filed, what is currently being referred to as a “groundbreaking lawsuit.” According to him, Facebook has shown a lack of vigilance and has allowed fake accounts to propagate through its platform. A consequence of this being his reputation…
At the time of writing, Bitcoin prices are at $9342 and showing an upward trend. This is the first time in 40-days that BTC managed to climb past the $9200 mark according to CoinDesk’s Bitcoin Price Index (BPI). For the last couple of months, the cryptocurrency market has been performing with a bearish attitude. Last…
The South Korean Fair Trade Commission recently sighted twelve crypto-exchanges to offer adhesion contracts which lack proper customer protection, and ordered them to make it more ‘consumer-friendly.’ Now, for those of you who don’t know, adhesion contracts are lists of terms and conditions created by an entity and are non-negotiable to the customer. The FTC…
This Thursday, The Reserve Bank of India (RBI) announced that all banks and financial institutions under its supervision would be barred from dealing with cryptocurrency exchanges and other related services. According to the official statement made by RBI, “It has been decided that, with immediate effect, entities regulated by RBI shall not deal with or…