Sunday, September 23Your Daily Bitcoin & Altcoin News Portal
Bitcoin is Not A Tool For Illegitimate Transactions, Says Quebec Chief Scientist

Bitcoin is Not A Tool For Illegitimate Transactions, Says Quebec Chief Scientist

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Please share if you find this article interesting. Bitcoin is Not A Tool For Illegitimate Transactions, Says Quebec Chief Scientist The Chief Scientist of Quebec Rémi Quirion says public concern that Bitcoin is being used for illicit activities like tax evasion and money laundering is largely overblown, Forbes reports April 18. The statement prepared by the l’Agence Science-Presse, which is a partner of Fonds de Recherche du Québec, said, “Bitcoin is not above the law, nor is it a magnet for illicit transactions: it forms only a tiny part of the criminal money circulating around the planet.” They add that the transparent and public nature of the Bitcoin Blockchain, where transactions are recorded and distributed across a global network, is not an ideal platform for engaging in an
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Chilean Banks vs Crypto Exchanges: Will Citizens Have Access to Technology?

Chilean Banks vs Crypto Exchanges: Will Citizens Have Access to Technology?

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Please share if you find this article interesting. Chilean Banks vs Crypto Exchanges: Will Citizens Have Access to Technology? Earlier this week, a group of cryptocurrency exchanges in Chile applied to the courts to fight the decision of banks to shut down their bank accounts. The exchanges, including Buda, Orionx, and CryptoMarket (CryptoMKT), state that the banking system in Chile is taking matters into their own hands and that they are “killing the entire industry.” Banks Itau Corpbanca and Scotiabank announced the closure of the bank accounts of BUDA and CryptoMKT on March 19. A week later, the state-owned Banco del Estado de Chile followed the move by confirming the closure of the accounts of all three cryptocurrency exchanges. Now, as the exchanges wait for their case to be
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Thai SEC Tech Consultant ‘Hopes’ Authorities Will Reconsider Digital Asset Tax For ICOs

Thai SEC Tech Consultant ‘Hopes’ Authorities Will Reconsider Digital Asset Tax For ICOs

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Please share if you find this article interesting. Thai SEC Tech Consultant ‘Hopes’ Authorities Will Reconsider Digital Asset Tax For ICOs Thailand’s Securities and Exchange Commission (Thai SEC) and Thai Fintech Association technology consultant Bhume Bhumiratana, along with members of the local crypto community, have urged financial authorities to reconsider the country’s cryptocurrency tax framework, local news outlet Bangkok Post reported Tuesday, April 17. According to Thailand’s proposed crypto tax framework released in late March, the value added tax (VAT) for cryptocurrency trades would be 7 percent, while returns would be subject to a capital gains tax of 15 percent.   Bhumiratana expressed concern over the introduced crypto tax law’s treatment of tokens sold in Initial
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Saxo Bank: Cryptocurrencies Could See ‘Springboard’ Bull Market In Q2 2018

Saxo Bank: Cryptocurrencies Could See ‘Springboard’ Bull Market In Q2 2018

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Please share if you find this article interesting. Saxo Bank: Cryptocurrencies Could See ‘Springboard’ Bull Market In Q2 2018 Major Danish bank Saxo Bank continued its optimism regarding cryptocurrency growth in 2018 in its latest Quarterly Outlook, published April 18. Eyeing what he describes as “springboards for a cryptocurrency bull market in Q2” this year, analyst Jacob Pouncey from the bank’s SaxoStrats in-house team of strategists queried whether crypto-assets were “entering a new cycle.” “Historically, many of the blue chip cryptocurrencies have seen price increases in the face of global uncertainty and risk-off events such as Brexit, the election of President Trump, and the North Korean missile tests,” he wrote, continuing:   “The inflow of institutional capital to the c
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UK Member Of Parliament Says Blockchain Will have ‘Monumental Impact’

UK Member Of Parliament Says Blockchain Will have ‘Monumental Impact’

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Please share if you find this article interesting. UK Member Of Parliament Says Blockchain Will have ‘Monumental Impact’ British Conservative Member of Parliament (MP) Matt Hancock has delivered a speech about the “monumental impact” he believes Blockchain will have on people’s lives, speaking at a conference today, April 19. The UK government published a transcript of the speech on the gov.uk website, which was delivered at the Law Society as part of the London Blockchain Conference today. Hancock singled out three “vast areas of public life” which he anticipates the “exceptional” potential of Blockchain technology will transform: the financial sector, government services, and laws and regulation. He began with recent UK steps to encourage Fintech innovation and growth, includin
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Bitbox Project Hosts Two Bitcoin Cash Hackathons – Bitcoin News

Bitbox Project Hosts Two Bitcoin Cash Hackathons – Bitcoin News

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Please share if you find this article interesting. Bitbox Project Hosts Two Bitcoin Cash Hackathons - Bitcoin News Technology This week news.Bitcoin.com spoke with Carlos Cardona from the open source Bitbox toolkit project. Over the next thirty days, Bitbox is hosting two BCH-centric hackathons that aim to bring the bitcoin cash development community together to build innovative applications using the decentralized network. Also Read: Meet Memo: An On-Chain Social Network Built on Bitcoin Cash Emerging Platforms Need a Framework Which Encapsulates Everything the Platform Offers On April 21, and on May 15 the same day as the upcoming BCH hard fork, the open source toolkit project, Bitbox, plans to host two hackathons. Developer Carlos Cardona explains to news.Bitcoin.com that
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NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 20, 2018

NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 20, 2018

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Please share if you find this article interesting. NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 20, 2018 We need to see some fundamentals to jolt altcoin price action today. Should there be further gains say in Bitcoin and EOS, they are lagging behind, prices could explode. As statistics shows, Stellar Lumens is spearheading this week’s gain with an impressive Everything digital is bound to have their own weaknesses. When it comes to cryptocurrencies, some savvy black hat hackers are having a field day. According to a report from Stellar Protocol Foundation, some $618 Million is missing in 2018 alone. The large chunk of it comes from CoinCheck heist.As expected, this is but a huge deterrence to adoption as many payment systems are shying away and barring custome
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Telegram Digital Resistance: The Open Network And Russia’s Ban

Telegram Digital Resistance: The Open Network And Russia’s Ban

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Please share if you find this article interesting. Telegram Digital Resistance: The Open Network And Russia’s Ban Telegram has been called the “cryptocurrency world’s preferred messaging app” by many media outlets including Forbes, and more than 84 percent of Blockchain-based projects have an active Telegram community. For over 48 hours now, Telegram has been under a ban by internet service providers in Russia. This was triggered by Telegram’s refusal to give encryption keys to Russian security agencies. Telegram’s founder, Pavel Durov, said that they have not seen a significant drop in user engagement since the beginning of the ban. In fact, users have bypassed the ban by using VPNs. Durov has said that he will be giving Bitcoin grants worth millions of dollars to individuals an
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Mastercard – Denouncing Cryptocurrencies While Embracing Blockchain

Mastercard – Denouncing Cryptocurrencies While Embracing Blockchain

BITCOIN
Please share if you find this article interesting. Mastercard - Denouncing Cryptocurrencies While Embracing Blockchain Blockchain technology has shaken up the financial world by providing a system for transactions that does not need a central authority, bank or third party payment system.This very reason has made many traditional financial institutions unsupportive of the new technology, as over time it could make their systems obsolete. Enter Mastercard, the global banking card provider. The company has been somewhat bipolar in their stance towards cryptocurrencies and Blockchain technology over the past few years. The card provider has held virtual currencies at a distance and CEO Ajay Banga took a stern stance in 2017, labelling cryptocurrencies as ‘junk’ in October. Banga is
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The Next Chapter Of Blockchain Is Market Consolidation: Expert Take

The Next Chapter Of Blockchain Is Market Consolidation: Expert Take

BITCOIN
Please share if you find this article interesting. The Next Chapter Of Blockchain Is Market Consolidation: Expert Take In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to [email protected] The cryptocurrency market acts like TV stuck in fast forward. It mirrors traditional market booms and busts but with breakneck speeds that feel more like horse betting than stock trading. The fast pace makes trading fun, addictive and heart wren...