To gain transparency and consumer safety, the food-processing and meatpacking plants are implementing blockchain technology to their operation services. COVID-19 continues to wreak havoc, with United States meat producers being the latest victims of the pandemic in a “cascading series of events,” including shutting down of the food service sector, universities and school lunch programs, […]
Continue ReadingWhy is Bitcoin popular among cybercriminals, and what is the future of cryptocurrencies in the darknet? Due to the transition of many people around the world into a “stay at home” mode, where the only viable way of communicating and receiving something is through the global network, some new information regarding darknet activity has begun […]
Continue Reading
The crypto industry’s attitudes toward tax are maturing, with a recent survey indicating that two-thirds of digital asset users are in favor of cryptocurrency taxation. A recent survey conducted by South Korean wallet provider Childly found that 66% of respondents are in favor of crypto assets being taxed. The poll of more than 5,750 crypto […]
Continue Reading
In new legislation, the Cayman Islands is looking to clarify rules on crypto exchanges, including registration and sandbox licensing. On April 28, the legislative assembly of the Cayman Islands gazetted five new pieces of legislation governing crypto businesses — especially exchanges. How the new legislation would change the Cayman Islands’ crypto industry The Virtual Asset […]
Continue Reading
Building on previous advantages for traders and miners, Portugal continues to establish a crypto haven with Technological Free Zones. In a bid to drive innovation forward and to stimulate the economy, Portugal has recently approved a nation-wide plan to encourage digitalization in several fields. Published on April 21, the “Digital Transitional Action Plan” puts forward […]
Continue Reading
Trading veteren Peter Brandt has taken aim at Tether, advising traders not to ‘hold it overnight’ as it was riskier than ‘the Nigerian Trinket’. Renowned veteran trader Peter Brandt has compared holding Tether (USDT) to the risk of holding ‘the Nigerian Trinket’. In a tweet earlier today, Brandt took aim at the controversial stablecoin, calling […]
Continue Reading
New York regulator that issues BitLicences adds a Silk Road investigator to its legal counsel. April 28, New York State Department of Financial Services (NYSDFS) announced that it is adding a former Silk Road investigator as general counsel. The Department regulates financial services and products, which include cryptocurrency-related businesses. It awards the two types of […]
Continue Reading
Losses in traditional finance during the COVID-19 pandemic could underline the benefits of cryptocurrencies to the world. In 2007, Nassim Nicholas Taleb, a former Wall Street trader turned professor, described the idea of a “black swan” event. Black swans are defined as being rare, of major consequence and impossible to predict, though he tempered their […]
Continue ReadingDespite never having done so, the Fed may have no choice but to implement negative rates as soon as next week, argues Narayana Kocherlakota. The United States Federal Reserve could be the next central bank to take up previously unthinkable negative interest rates. That was the opinion of the ex-president of the Minneapolis Fed, who […]
Continue ReadingSpeakers from Ternio, Monarch, and Utrust weighed in on the future of the industry & the impact of COVID-19. The current pandemic is far from over and the economic, political, and social ramifications of this crisis remain unclear. Indeed, the nature of the workplace people return to might well be radically different to what previously […]
Continue Reading