Thailand, Latest Addition to Asian Cryptocurrency Tax and Regulation Movement
Thailand is the latest country in the Asia region to start levying taxes on cryptocurrencies, despite receiving some opposition from the Thai Blockchain associations. The news arrives as other countries in the region and around the world ramp up legal and regulatory efforts. Value-Added Tax and Capital Gains In early April 2018, Thailand’s Ministry of […]
Ex-Governor Says Fed Digital Currency Needs “Serious Consideration”
Kevin Warsh, former Federal Reserve (Fed) Governor has suggested that the creation of a “FedCoin” needs “serious consideration,” reports the New York Times. The concept of a cryptocurrency called FedCoin has provoked interest over past years, based on an idea proposed in 2014 by blogger JP Koning. Since then the idea has been much discussed, […]
Wisconsin Seeks Approval for Bitcoin Campaign Donations
The Wisconsin Ethics Commission has asked the state Legislator to decide on allowing campaign contributions to be made in digital currency, reports Associated Press (AP). The Washington Times reports that the chairmen of Senate and Assembly elections committees have been asked to “provide clarity to candidates and committees as to whether they may accept contributions of […]
Lionel Messi Scores a Goal for Blockchain
Superstar Barcelona FC football player Lionel Messi has become the official brand ambassador for Sirin Labs, the company marketing a new smartphone called ‘Finney’ that runs on blockchain technology. According to the BBC, the company is known for previously marketing an ultra-secure smartphone for a hefty price of $17,000, based on its ‘watertight security.’ The […]
Physical Bitcoin Smart Banknotes Launched in Singapore
Singapore startup Tangem released its own version of a physical bitcoin banknote at a shopping centre in the city yesterday. The banknotes are available in denominations of 0.01 BTC ($98) and 0.05 BTC ($485) at launch. Each note is a Samsung Semiconductor S3D350A chip which reportedly cost the Tangen $2 to manufacture. according to Cision PR Newswire, […]
Bitcoin Price Analysis, 4 May 2018: BTC/USD Heading to $10,000?
Bitcoin markets are on the rise as traders keep showing support for price levels reaching new highs. BTC/USD markets are experiencing a decent increase in trading volumes while the market’s sentiment keeps being bullish. The Day’s Signals Bitcoin prices were met with a few moments of consideration through the course of the day. Prices didn’t […]
Richard Branson Says Bitcoin Scams Impersonating Him ‘Worrying Trend’
Virgin Group founder and renowned investor Richard Branson has expressed his concern at the growing number of scams involving Bitcoin that steal his likeness to promote fraudulent activities. In a post written by Branson on Virgin’s official blog on Thursday, he condemned the scammers for taking advantage of his praise of Bitcoin, and its potential […]
Less Than 20% of Bitcoin Left to Mine
With over 80% of Bitcoin already mined, the increased scarcity is likely to lead to the appreciation of the currency. The 17 millionth Bitcoin was mined last month There is, of course, a finite supply of Bitcoin; last month a milestone was reached as the 17 millionth Bitcoin was mined. There are only 21 million Bitcoins to […]
