Could Bitcoin Benefit from Italy’s Proposed Tax on Bank Stored Cash?

A Reuters story reports that Italy’s Deputy Prime Minister has proposed the country now tax the cash and other valuables stored by Italians at safes in banks. Should this proposal to tax hidden wealth go into action, it could be yet another factor driving people to seek an alternative to store their wealth. And that […]

Twitter CEO’s Square Crypto Makes First Big Hire

It appears that Square, the payment processor whose founder is also the CEO of Twitter, Jack Dorsey, may have just made its first significant hiring, at the same time confirming rumors of a Square native crypto. The Twitter account called Square Crypto has just posted a couple of Tweets that may contain some actual information, […]

Crypto Exchanges Hold Breath as FATF Closes In on Recommended Policy Standards

As the battle for acceptance into mainstream economics rage on, the cryptocurrency ecosystem continues to face daunting regulatory challenges. And as far as financial regulatory policies go, one perceived to likely have a far-reaching effect on the development of the cryptocurrency industry may soon set in, as the 21 June deadline approaches for the implementation […]

Leveraged Trading Blamed for Chinese Trader Suicide

A Bitcoin trader in China has allegedly taken his own life following a disastrous trading loss on a highly leveraged trading position, as reported by Chinese blockchain outlet 8btc. The man, named as Hui Yi, apparently lost BTC 2,000 (approximately USD 16.2 million at time of writing) of investor funds when he took up a […]

Bitcoin Pierces, Remains Above $8,000 Barrier as Rally Underway

After attacking the resistance levels of USD 8,000 for the third day in a row yesterday, Bitcoin bulls finally found some joy with a sustained push above that price level to trade now at USD 8,110 (8:10 am UTC, CoinDesk). Almost as soon as Central European markets closed yesterday, Bitcoin price spiked from USD 8,013 […]

Liquid Crypto Exchange First in Line for Telegram’s Gram Tokens

Crypto exchange Liquid is reported to be in the running for pushing to the front of the queue to host encrypted messaging app Telegram’s Gram tokens. As yet, cloud-based instant messaging and voice over IP service Telegram has not commented on the report with no official statement due, and warned that the public need to […]

Australian Accounting Firm Pushes Proposal for World’s First Bitcoin ETF

Although many companies trying to launch Bitcoin exchange-traded funds (ETFs) have been turned down thanks to the regulatory issues, an Australian accounting firm, BDO, has announced the proposal for what it calls the world’s first Bitcoin ETF listed on the Australian Securities Exchange (ASX), as reported by BDO has been providing services to a notable number […]