Crypto users often raise concerns over the underlying profits and losses against the crypto firms. In one such case a crypto user has claimed to lose a substantial amount of money due to the negligence of Bithumb, a crypto platform. As per the news shared by Yonhap, Bithumb won the
Legislation
Bill Proposed In Israel to Consider Bitcoin as Currency Not Asset
An Israel political party submitted a bill to the government legislative branch Knesset Recommending several changes to the Bitcoin taxation. The newly proposed bill calls out for amendment in the existing Bitcoin considerations wherein the cryptocurrency is viewed as an asset. The bill is submitted to the Israel government Knesset
Ban on Crypto trading in India on the Anvil? No Way Hozay!
“Ban Cryptos, Ban crypto trading!” Well, if this was a slogan in a nation that has already embraced crypto big time, its investors would surely laugh their guts out! They would question the rantings because the cryptocurrency global growth rate has been earth-shattering and hard to not notice! Coming back to the
Advantages and Disadvantages of a Central Bank Digital Currency
Nowadays Central Banks are paving towards creating their own digital currencies which are diametrically different from the idealogy that drives cryptomarkets that debases the authority over money. The central bank digital currencies endow with cash-like liquidity safety for peer-to-peer payments. The Central Bank digital currencies are traditional forms of money but
Congress announces financial relief for household and industries – Bitcoin may benefit in the long run
While COVID-19 has created mayhem worldwide, the US has announced some relief packages for those who are reeling under its pressure. Amidst such confusion, Maxine Waters, a Democrat Congressperson has announced that $2000 a month will be given to every adult and $1000 per month will be given to every
A $300 million series B fundraised by Bakkt led by ICE and other investors
The popular digital asset medium Bakkt belonging to the Intercontinental exchange has recently made it clear with an announcement that it intends to raise $300 million of additional capital on March 16th. Their official website had posted this message officially to inform the markets as well as ran updates about
With Yes Bank’s Struggle – the Supreme Court judgment lifting Crypto ban is a Blessing
Yesterday, 6 March 2020 trouble came crashing down on Indian Private Bank Yes Bank. The Cryptocurrency ban being lifted means only one thing - Cryptocurrency is the ultimate freedom. Yes Bank’s issues include a board change and worst of all a withdrawal limit of 50,000 Indian Rupees. Lets read on to
US SEC Plays the Waiting Game on Bitcoin ETF
With so much hostility towards the cryptocurrency industry as a whole, there was never going to be a quick answer as to whether or not the US Securities and Exchange Commission (SEC), a department of the federal government, would allow two Bitcoin exchange-traded funds (ETFs) to go ahead. A decision in their
Is Russia Ready to Risk it with Crypto?
Japan moves to take the currency out of cryptocurrency
Over the first week of the new year, it was widely reported that Japanese authorities were actively pursuing the idea of introducing Bitcoin based exchange-traded funds (ETFs), in what would have been a significant move towards the mainstream adoption of cryptocurrency in the region. Now, Japan's regulator the Financial Services Agency (FSA) has