Just a few weeks ago, the Zimbabwean cryptocurrency exchange Golix gained its first national competitor when Styx24 opened its doors online. Almost simultaneously Golix introduced a Bitcoin ATM to its customers, accessible inside their offices in central Harare. Also read: Bitcoin Adoption Continues to Thrive Within Africa’s Borders Need US Dollar Bills In Zimbabwe? Got BTC? Few countries have seen harder times economically, fiscally, and monetarily than Zimbabwe. No wonder Bitcoin proponents have an easy time explaining Bitcoin’s advantages to Zimbabweans. After the government famously printed Z$100 trillion dollar bills,…
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Localbitcoins Now Demands ID For ‘Significant’ Trade Volumes
Peer-to-peer Bitcoin trading platform Localbitcoins is causing controversy on social media after users complained about surprise anti-money laundering (AML) and know-your-customer (KYC) measures. AML/KYC: First Advertisers, Now Everyone? A thread on the r/Bitcoin subreddit currently gaining significant exposure focuses on new obligations for Localbitcoins users wishing to advertise trades or who have “significant” trade volumes. While the platform has not released official material regarding updates to its regulatory compliance policy, it now appears that depending on total annual volume, users may have to submit personal ID in order to continue…
Read MoreCryptocurrency Exchange Kraken Withdraws from Japanese Market
Cryptocurrency exchange Kraken is suspending all of its services to Japanese residents. The exchange has been allowed to operate in Japan while its application with the country’s financial regulator is being reviewed. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Kraken Pulling Out of Japan Kraken announced on Tuesday the suspension of its services to Japanese residents. “The exact dates for suspending trading and funding have not yet been determined,” the exchange wrote, adding that tentatively the last day for deposits is “around mid-May,” the last day for trading…
Read MoreThe Sharing Economy Is Booming and Blockchain Wants In
After nearly a decade of being mocked and mimicked for their eccentricities, the outcome of all the millennials’ maxi is now on full display, and it’s pretty impressive. Discouraged by the lack of opportunity and disillusioned by the inaction of central governments and large corporations, millennials took the carnage of the 2008 financial crisis and developed an economy that is self-initiated and wholly inclusive. Commonly known as the sharing economy, this economic model involves millions of individuals capitalizing on the things that they already own. In the sharing economy, anything…
Read MoreBitcoin in Brief Tuesday: The Tax Man Effect
Bitcoin in Brief continues with the second day this week of mostly FOMO news. The biggest economy in the world faces the tax man today, as the United States and its crypto enthusiasts must atone for the sin of last year’s gains. Economists and market bulls are insisting that this fact caused dramatic sell offs, leading to haircuts across the board. Bulls believe, after today, prices ought to soar. Also read: Bitcoin in Brief Monday: A Panther’s Moonshot Bet Tom Lee on Crypto Tax Once again, we get another chance to…
Read MoreKraken Exchange Decides to Close down Japanese Operations
Kraken, the US-based cryptocurrency exchange, has announced their plans of ceasing all of their trading operations in Japan in the near future. Release the Kraken . . . From Japan! The Kraken exchange, one of the larger cryptocurrency exchanges in existence, has just announced that they will be leaving the Japanese market for the time being. In a report published by Bloomberg, Kraken stated: Suspending services for Japan residents will allow us to better focus on our resources to improve in other geographical areas. This is a localized suspension of service…
Read MoreCoinbase Continues to Expand, Acquires Cipher Browser
In an effort to strengthen its ever-expanding role in the cryptocurrency space, Coinbase has acquired Cipher browser – a competitor to its in-house Ethereum wallet, app browser and secure messaging service. Toshi + Cipher On April 13, popular San Francisco-based cryptocurrency exchange Coinbase announced its acquisition Cipher Browser, a free mobile Ethereum wallet, and web3 dapp browser. We’re excited to welcome @CipherBrowser to Coinbase! https://t.co/CIqK0EtDbb — Coinbase (@coinbase) April 13, 2018 The move by Coinbase has primarily been made strengthen its own similar product, Toshi — though the exact terms of…
Read MoreTokens Are the Ticket for Easier Global Access to Education
Education is the foundation on which society is built. As philosopher John Dewey once said, “Education is not preparation for life; education is life itself.” Learning doesn’t stop after school, but the adult education industry is a very scattered landscape. Due to its current state, guidance for professional and personal development is difficult to access and verify as legitimate. Professional and personal development is also becoming increasingly necessary. College graduates in 2016 had an average of $37,172 in student loan debt in 2016, and as of January 2018, the amount…
Read MoreThe Government Dilemma: How To Tax Something One Pretends Does Not Exist
Cryptocurrencies are often criticized for failing to replicate some of the basic functions of fiat money. Governments are always ready to warn you that you can’t spend, or save, or trade, or make digital coins. This state of mind, however, is slowly but surely changing, as more benefits become apparent. Paying, saving, investing – bitcoin can serve all these purposes, and sometimes that happens with approval from authorities. Also read: These Countries Won’t Tax Your Bitcoins Too Much Failing to Be Fiat, Proving to be Money Policy makers and…
Read MoreHow Monex Plans to Revive Hacked Japanese Crypto Exchange Coincheck
The hacked Japanese cryptocurrency exchange Coincheck has officially been acquired by one of Japan’s largest online brokerage firms. Monex Group has outlined its plans of reviving Coincheck and the risks associated with the acquisition. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Acquisition Completed Coincheck has officially become a wholly-owned subsidiary of Monex Group on April 16, local media reported after the leading online securities firm agreed to invest 3.6 billion yen (~US$33.55 million) in the acquisition of the exchange. Monex is among Japan’s largest online brokerage firms, whose…
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