The Portuguese Tax and Customs Authority clarified that there is no income tax on Bitcoin and cryptocurrency in the country. Portugal’s Tax Authority has clarified that both cryptocurrency trading and payments in crypto will not be taxed in the country, Cointelegraph Spain reported on Aug. 27. According to a report published on Aug. 26 by […]
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The pro-democracy, anti-government protest movement in Hong Kong is spurring wider adoption of cryptocurrencies such as Bitcoin. The pro-democracy, anti-government protest movement in Hong Kong is spurring wider adoption of cryptocurrencies such as Bitcoin (BTC). Yahoo! Finance reported on Aug. 28 that the political upheaval in the city — which has now entered its 12th […]
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XRP’s price was under assault after a coordinated sell-off. Why are exchanges vulnerable to such manipulations, and how do they respond? Cryptocurrency liquidity has long been a thorny issue for enthusiasts and evangelists. Although they eagerly promote the ecosystem and tout blockchain’s benefits, the elephant in the room that most enthusiasts willingly ignore is the […]
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Untrusted exchanges still command the lion’s share of global cryptocurrency trading volumes, a new CryptoCompare report reveals. Untrusted exchanges still command the lion’s share of global cryptocurrency trading volumes, a CryptoCompare report published on Aug. 21 reveals. As of July, D-E rated low-quality exchanges represented 64% of trading volume — a staggering $316 billion — […]
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Political events saw the peso devalued by 30% against the US dollar overnight. Bitcoin (BTC) continues to trade at a premium in Argentina after a sharp currency devaluation sent investors running for a safe haven. Argentine peso plunges 30% Data from local cryptocurrency exchange Buenbit put Bitcoin trading around $11,750 at press time Aug. 13, […]
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A Bitcoin investor is bringing a class action suit against an Israeli bank in light of their refusal to accept deposits of funds made from crypto trading. An unnamed investor has filed a lawsuit against the Israeli Bank Hapoalim in the amount of approximately $22.5 million, on account of the bank allegedly refusing to accept […]
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Former richest man in Brazil has been arrested on suspicion of money laundering through Bitcoin trading in his wife’s name. Wealthy businessman Eike Batista has been arrested by federal police on account of suspected money laundering, which they believe he achieved by trading Bitcoin (BTC) on his wife’s behalf. The details of Batista’s arrest were […]
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Israeli Bitcoin investors are unable to pay their taxes as banks aren’t accepting deposits obtained from cryptocurrencies. Israeli Bitcoin (BTC) investors are unable to pay their taxes as banks do not accept deposits obtained from cryptocurrencies. Israeli banks freeze up the minute they hear “Bitcoin” Israeli newspaper Haaretz reports on Aug. 6 that local crypto […]
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While there are many upsides to Bitcoin’s bullish price momentum, its impact on the coin’s denomination as a currency unit may not be one of them. While there are many upsides to Bitcoin’s bullish price momentum, its impact on the coin’s denomination as a currency unit may not be one of them. As a Quartz […]
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Bitcoin has been legally recognized as virtual property by a Chinese court not the country, though… Last week, Bitcoin (BTC) was legally recognized by a Chinese court, whereby it was concluded that the cryptocurrency should now be considered as digital property. The decision that the Hangzhou Internet Court made in a ruling was met with […]
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