Bitcoin popularity increases in the wake of economic fallout

INDUSTRY

Monday, 20 April, 2020 at 08:11 GMT
We're in the middle of a global disaster triggered by the coronavirus pandemic. There are still no signs of slowing down this horrifying rollercoaster, with thousands of new infections and deaths reported on a daily basis. Terrible economic outcomes are on their way CEO of Glob...
Singapore new tax crypto guidance

INDUSTRY

Monday, 20 April, 2020 at 07:44 GMT
The Inland Revenue Authority of Singapore (IRAS)'s new e-tax guide, April 17, filled in the tax gaps for so-called "digital tokens," a catchall for three crypto types: payment tokens, used to by goods and services; utility tokens, which represent a right to goods and services;...
Lack of understanding impeding proper cryptoregulations

INDUSTRY

Saturday, 18 April, 2020 at 08:14 GMT
However, the FATF in 2019 laid out new regulations over concerns regarding cross-border payments, bringing in the ‘travel rule’. Under this rule, Virtual Asset Service Providers [VASPs] will have to share the personal data and transaction details of their customers. In fact,...
Multiple stablecoins will now scale under libra project

INDUSTRY

Friday, 17 April, 2020 at 11:38 GMT
According to the papers by the project, one coin in the blockchain could represent a dollar, euro, British sterling or Singapore dollar. The paper further states: ...
Ethereum user fees surpassed uncle block rewards in march 2020

INDUSTRY

Wednesday, 15 April, 2020 at 06:28 GMT
Since February 2019, the users’ fees were always lower than the uncle block’s rewards. However, in March 2020, the situation is under a rough change. Worth noting the correlation change, presumably coming after the March 13 big crypto sell-off. Otherwise called the ‘bloody...
China government in further blockchain exploration

INDUSTRY

Tuesday, 14 April, 2020 at 14:34 GMT
The government in China is getting further involved in the blockchain industry to help push forward its innovation throughout the country. In a recent release, the government announced an official notice which stated that they have to put together a technical committee of 15...
Bitcoin’s relative strength index weak

INDUSTRY

Monday, 13 April, 2020 at 05:35 GMT
Relative strength index (RSI) is a common trading indicator that measures whether an asset is overbought or oversold. Commonly used in technical analysis, RSI is just one tool traders use to assess whether we’re close to a bottom or top. ...
Korea launches experimental national cryptocurrency

INDUSTRY

Monday, 6 April, 2020 at 10:00 GMT
According to a report by Yonhap today, the trial which commenced last month is a 22-month program focused on the technological and legal provisions needed to launch a CBDC. ...
Malaysia crypto exchange approval during lockdown

INDUSTRY

Sunday, 5 April, 2020 at 07:12 GMT
Suruhanjaya Sekuriti Malaysia, the Securities Commission Malaysia (SC), has approved a cryptocurrency exchange despite the current coronavirus pandemic crisis the country is facing. The nationwide lockdown has already been extended until at least April 14. By that time, the...
China losing btc mining monopoly

INDUSTRY

Saturday, 4 April, 2020 at 08:02 GMT
As miners have hosting and electricity fees to keep up with, often relying on the short-term yields of their equipment, the price led to the biggest difficulty drop since 2011. However, it seems like the coronavirus and the steep drop in the value of Bitcoin may have affected...

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