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A system to guarantee the investments in initial coin offerings (ICO) is being built in Russia by Globex, a commercial bank subsidiary of the state-owned VEB bank, and the Russian Association of Cryptocurrency and Blockchain. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten System of Guarantees “The first system of guarantees for investments in cryptocurrencies in Russia,” is being put together, according to local newspaper Izvestia. Globex, the commercial bank subsidiary of the government-owned development bank VEB (Vnesheconombank), is working together with the Russian Association of Cryptocurrency and…

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An opinion piece authored by academics representing Anglia Ruskin University and Trinity College Dublin have alleged that cryptocurrency mining operations are placing strains on Puerto Rico’s infrastructure. The article argues that Puerto Rico has not fully recovered from the damage reaped by Hurricane Maria, and that the island is ill-equipped to cope with the wave of “crypto-colonialism” that has recently beset the island. Also Read: CFTC Offers $100,000 Bounty to Crypto Pump-and-Dump Whistleblowers Puerto Rico Ravaged by Hurricane Maria An article has claimed that migrating cryptocurrency miners are placing strains on…

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According to recent data collected by the South Korean government, the accumulated commission income of the country’s 30 cryptocurrency exchanges last year was 87.5 times that of the previous year. The vast increase in income and crypto transactions was largely contributed by the newcomer exchange backed by Kakao Corp. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Crypto Exchanges Made 700 Billion Won The commission revenues of South Korean cryptocurrency exchanges collectively increased approximately 87.5 times last year compared to the previous year, local media reported. The…

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Is Lighting Network the second coming for Bitcoin or the coming of centralization? Andreas Antonopoulos states his case for the former in his latest video. A lot of misconceptions have arisen about the Lightning Network and the effect it will have upon Bitcoin. Look around the internet, and you’ll find videos such as this offering information on the Lightning Network that may not be accurate. To that end, Andreas Antonopoulos has created a video to detail the many things critics are getting wrong, which we have listed below. Centralization “Lightning Network…

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Bitcoin price has remained above $10,000 despite its rapid retrace over the weekend when market momentum suddenly fizzled out. Vays Hints At ‘Bullish’ Daily, Weekly Outlook After passing $11,000 in Sunday trading, BTC/USD peaked at $11,283 on Bitstamp before dropping $1500 in hours to hit a low of $9727. A correction took prices back over $10,000 where they remained into Monday, analysts predicting a ‘flip’ into bullish territory as Bitcoin’s most likely next move. “The daily [chart] remains bullish and the weekly wants to flip bullish,” Tone Vays told viewers…

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While some state authorities and financial regulators might deride bitcoin, more people are using the cryptocurrency in their everyday lives. This has recently become evident by divorce cases around the globe involving bitcoin, with the latest example coming from Israel. Also Read: Half of Large British Businesses Hold Stockpiles of Cryptocurrency Bitcoin Wedding Jewish groom signing a ketubah at his wedding A rabbinical court in Israel is now facing a bitcoin-related quandary for what appears to be the first time ever. The religious tribunal is asked to rule on the…

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The government of Malta has come up with an idea that businesses dealing with cryptocurrencies may find interesting. A new policy document seeks to set up a special agency which will “certify” blockchain platforms and “verify” crypto transactions. It is supposed to “bring peace of mind” to companies using these technologies to cut out central authorities and banks. Valletta also proposes legislation that will define the roles of intermediaries and regulate initial coin offerings. Also read: Gibraltar Launches Regulation to Protect Cryptocurrency Value and Reputation Government Will Provide “Legal Certainty…

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Polish financial authorities have spent taxpayers’ money on a smear campaign on Youtube and Facebook against investing in cryptocurrencies. While issuing warnings or trying to educate the public against what regulators fear are risky investments are not uncommon around the world, in this case they tried to sway public opinion against crypto assets by paying social media influencers to attack them. Also Read: Half of Large British Businesses Hold Stockpiles of Cryptocurrency Youtube Propaganda The Central Bank of Poland (Narodowy Bank Polski or NBP), in cooperation with the country’s Financial…

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Until quite recently, most cryptocurrency investors either did not know or did not care to pay taxes on the capital gains they accumulated buying and selling digital coins. The cryptocurrency community is now facing a hard truth: they have to pay taxes just like all the rest of us. [Editor’s note: This is a guest article by Mario Costanz, CEO of Happy Tax] Virtual currencies exploded onto the investment scene last year, due in large part to the astronomical rise in the popularity of Bitcoin and its many successors. Interest…

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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. PlayHall is a blockchain platform for holding regular skill-gaming tournaments and matches between users. In skill-games, your success does not depend on luck but on your skills and intelligence. In matches and tournaments held on the platform gamers will be able to win liquid cryptocurrency,…

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