The UK Financial Conduct Authority (FCA) recently made sweeping changes to the proposed fee structure for businesses operating in the crypto sector. In the new rules, the fees have been raised for some. From now, the FCA will use a two-tier system with fees being charged based on the income generated by a crypto firm. Initially, the FCA had opte...
Last week, John McAfee, a prominent cryptocurrency enthusiast and a US presidential candidate, who previously claimed that Bitcoin will hit $1 million by the end of 2020, changed radically his attitude towards the digital coin. In a recent bizarre tweet posted on January 29, he criticized Bitcoin, calling it 'old', 'clunky', 'no security', etc.:...
Zermatt, a municipality in the German-speaking section of the canton of Valais, Switzerland, will now allow citizens to pay their taxes in Bitcoin. According to the city's mayor, Romy Biner-Hauser, this is in line with the city's pioneering and innovative spirit. The announcement was made via a press release by Bitcoin Suisse, which is working w...
Nowadays Bitcoin is definitely something, which you should be interested in. Why? Because it is truly dynamic. Bitcoin's decentralized, anonymous and ever-changing nature has caused many ups and downs in its price, as well as continuous growth in people's interest. Ever since the release of Bitcoin, everyone has been in awe because it revolution...
On Thursday, January 23, the European Central Bank (ECB) published its monetary policy decision. The ECB reaffirmed that it will continue to inject liquidity at a monthly pace of €20 billion into the financial system of the euro area: Source: ecb.europa.eu The continuation of the expansionary monetary policy has increased the demand for safe h...
During a panel discussion at the World Economic Forum in Davos, Switzerland, Adam White, President of Bakkt, revealed that the crypto platform would unveil a new payments app in 2020, The Block reports. The recent development comes after Mike Blandina, the then Chief Product Officer, shared in a blog post in October 2019 that the company was dev...
Bitcoin, the first and most successful cryptocurrency in terms of market value, was first invented in 2009. Ever since, it has lead the crypto market by the nose. In 2017, Bitcoin's price ballooned up to over $20,000. Every investment guru warned of a crash following this exponential but unsustainable growth. Weeks later, the balloon popped. Bit...
The finance ministry of South Korea might soon impose a 20% tax on income generated from crypto trading. A local media report cites government officials as saying that the finance ministry is still working out how it will tax the crypto sector. They have added that the plan would likely culminate in a 20% tax on crypto profits. The report claims...
Last week the crypto market was shining again - most major cryptocurrencies recorded double-digit gains. For instance, Bitcoin's price increased from $8,053.60 to $9,169.50 (+13.86%), Ethereum's price - from $142.24 to $178.97 (+25.82), and Litecoin's price - from $48.87 to $63.17 (+29.27%). However, the top gainer among the major cryptocurrenci...
The cryptocurrency market has again attracted the attention of many people, because most of the major cryptocurrencies registered solid price gains last week. For instance, Bitcoin (BTC) increased from $7,212.70 to $8,442.00, Ethereum (ETH) - from $135.09 to $147.98, Litecoin (LTC) - from $43.22 to $51.76, etc. The positive market sentiment has ...