Less than 1% of Australians used crypto for consumer payments in 2019, according to a survey by the Reserve Bank of Australia. While some Australian authorities recognize cryptocurrencies as a form of investment, digital assets like Bitcoin (BTC) are apparently not very popular as means of payment in the country. Australia’s central bank, the Reserve […]
Continue ReadingThe Steem community continues its fight in one of the biggest crypto dramas of 2020 — rolls out Hive as an alternative. The Steem (STEEM) blockchain community continues to oppose Steemit in the wake of the recent “takeover” orchestrated by Justin Sun, the startup’s new owner. On March 18, “a large group of Steem community […]
Continue ReadingThe World Federation of Exchanges has called for clarity around crypto terminology and its related implications for regulation. Responding to crypto-related regulatory framework from the European Union, the World Federation of Exchanges, or WFE, called for clarity between digital asset and crypto asset classifications. “We believe there could be value in adopting a single EU […]
Continue ReadingFollowing last week’s sharp market correction, crypto hedge fund Adaptive Capital announces its closure. Adaptive Capital, a crypto hedge fund, has announced that it will shutter all operations after taking heavy losses during the March 13 crypto market meltdown which saw Bitcoin (BTC) price drop to a 2020 low at $3,775. The fund has now […]
Continue ReadingIn response to the COVID-19 pandemic, the Internal Revenue Service has delayed tax payment deadlines by 90 days, and later the date for filing returns has also been changed. Like other financial markets, crypto investors have seen wild swings and devaluations in recent weeks as Coronavirus, also known as COVID-19, issues have hit many people […]
Continue ReadingThe U.S. SEC halts alleged ongoing crypto scam Meta 1 Coin, which promised up to 224,923% and is backed by a former state senator. The United States Securities and Exchange Commission (SEC) has frozen the assets of Meta 1 Coin, an alleged crypto scam backed by a former state senator that promised investors returns of […]
Continue ReadingAs the world continues to fight with the rapid spread of coronavirus, data privacy comes into question. Governments are now considering tracking online user data as a way to fight the rapid spread of COVID-19. As a result, the question of personal data privacy is increasingly becoming a subject of discussion within the crypto community. […]
Continue ReadingHive has successfully forked from the Steem network, concluding weeks of conflict between Justin Sun and the Steem community. Following weeks of conflict between the Steem (STEEM) community and Justin Sun, the community-led Hive hard fork was successful. On March 20, Hive hard forked the Steem network, airdropping HIVE tokens to STEEM holders 1:1, excluding […]
Continue ReadingCurrent price action from top cryptocurrencies suggests that the path of least resistance is to the upside, indicating the market could be in the early stages of a new uptrend. Even after the announcements of massive stimulus by the U.S. Federal Reserve, the ECB, and several other central banks, the equity markets are still struggling […]
Continue ReadingThe co-founder of Bitcipher Labs has been arrested for stealing $480,000 in BTC from the exchange weeks after quitting. A woman was arrested in Bengaluru, India on March 17 for allegedly stealing 63.5 Bitcoins (BTC) from Bitcipher Labs — a cryptocurrency exchange that she had previously co-founded. The thefts took place on January 11 and […]
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