The municipality of Zermatt, Switzerland — home to the iconic Matterhorn — is now the second location in Switzerland where taxpayers are officially allowed to pay their taxes in Bitcoin (BTC). In order to unlock the new tax payment option, the authorities of the Zermatt have partnered with Switzerland’s major crypto financial services company Bitcoin Suisse. Bitcoin Suisse to convert Bitcoin into Swiss francs According to an announcement by Bitcoin Suisse, Zermatt started accepting Bitcoin as a means of payment for local taxes and transactions on Jan. 28, 2020. By…
Day: January 29, 2020
Bitcoin Eyes Best January Close in 7 Years After 30% Price Increase
View Bitcoin’s convincing breakout above the 200-day average overnight has opened the doors for a move to $10,000. The weekly charts are also flashing strong bullish signals. The case for a quick rise to $10,000 would weaken if prices drop below the 200-day average at 8,894 with strong volumes. Bitcoin appears set to register its best January price gain in seven years and could soon rise into five figures. The top cryptocurrency by market cap is currently trading at $9,350 – a hefty 30 percent gain from the opening price…
Swiss Company Gets Green Light to Incorporate for a Blockchain IPO
In what’s being called a first for Switzerland, a company has been allowed to incorporate for an IPO offering of tokenized shares on a blockchain. In a press release Wednesday, the firm’s adviser Andriotto Financial Services said that Coldrerio, Switzerland-based Overfuture SA’s articles of incorporation directly reference “the digital nature of the shares (tokens) and the use of the blockchain as the technology to keep the shareholders registry.” The firm’s IPO prospectus indicates an offering of 8,399,000 “common equity share security tokens” on the ethereum blockchain, with smart contracts provided…
Swiss Firm Poised to Launch Compliant IPO on Ethereum Blockchain
Swiss regulators have given the go-ahead for what is purportedly the country’s first fully compliant initial public offering (IPO) on a blockchain. Swiss blockchain firm Overture will launch a compliant IPO and offer ordinary class-A shares natively on the Ethereum blockchain, using smart contracts provided by Zug-based EURO DAXX (the European Digital Assets Exchange), a Jan. 29 press release reveals. A blockchain-native approach to securities offerings Overture and its financial advisory firm, Andriotto Financial Services, said that the new venture is set apart from other security offerings in that: “The…
OneCoin Crypto Ponzi Scheme Used Fake Reviews to Improve Its Image
Research conducted by the Digital Forensic Research Lab (DFRLab) of the Atlantic Council think tank suggests that the infamous cryptocurrency-themed Ponzi scheme OneCoin used fake reviews on TrustPilot and Quora to lure investors. According to a report published on Jan. 29, OneCoin received an anomalous number of five-star reviews on TrustPilot after the media started negatively covering OneCoin in October 2019. OneCoin’s TrustPilot reviews over time. Source: DFRLab Per the report, of the 579 TrustPilot reviews of OneCoin, 90% were positive and about 400 of the five-star ratings were published…
A Month After Launch, Bakkt Bitcoin Options Volumes Are Lackluster
Little more than a month after their launch, Bitcoin (BTC) options contracts on the Intercontinental Exchange’s digital asset platform Bakkt appear to have seen sluggish uptake. The latest available reports for the contract, Jan. 24 and Jan. 27, reveal that 11 days have elapsed since the last trade. Traders bide their time As reported, Bakkt launched its new BTC options contract in early December, shortly after rolling out a cash-settled Bitcoin (BTC) futures offering in November. Options are derivatives that are designed to provide traders with additional flexibility hedge against…
Bitcoin Price Jumps to $9,400 Levels, Hits Its New 2020 and 3-Month High
Bitcoin continues with its upward momentum as the world’s largest cryptocurrency inches higher third-day in a row. In the late hours on Tuesday, January 28, the Bitcoin price surged close to $9400 levels. With today’s price surge, Bitcoin has added $2000 to its price since the start of this year 2020. In just the first 28 days of 2020, Bitcoin has given over 30% returns to its investors. At press time, Bitcoin is trading at a price of $9349 with a market cap of over $170 billion. Bitcoin’s price surge…
Alleged Crypto Ponzi OneCoin May Have Used Flood of Fake Reviews to Boost Ailing Image
The OneCoin cryptocurrency project – accused by authorities of being a Ponzi scheme – may have attempted to boost its fortunes by using “inauthentic” accounts to place favorable reviews on TrustPilot and Quora, according to new research. The Digital Forensic Research Lab (DFRLab), an entity under U.S. think-tank the AtlanticCouncil, said in a report on its blog Wednesday that OneCoin “astroturfing campaign” came around the same time that its founder, Ruja Ignatova, disappeared following a number of legal cases against her and other members of the project in 2019. In…
Crypto Ponzi OneCoin May Have Used Flood of Fake Reviews to Boost Ailing Image
The OneCoin cryptocurrency project – accused by authorities of being a Ponzi scheme – attempted to boost its fortunes by using “inauthentic” accounts to place favorable reviews on TrustPilot and Quora, according to new research. The Digital Forensic Research Lab (DFRLab), an entity under U.S. think-tank the AtlanticCouncil, said in a report on its blog Wednesday that OneCoin launched the “astroturfing campaign” around the same time that its founder, Ruja Ignatova, disappeared following a number of legal cases against her and other members of the project in 2019. In March…
Bitcoin’s Best Q1 Since 2013 to ‘Escalate’ If $9.5K Is Broken: Trader
Bitcoin (BTC) investors have already made more on their holdings this quarter than any Q1 since 2014, as data shows a sustained influx of institutional interest. According to findings from statistics resource Skew Markets, Bitcoin’s gains so far in 2020 amount to just under 30%. In no other quarter in the past six years did markets perform that strongly. 2020 thrashes downbeat Q1 trend By contrast, Q1 tends to be an underwhelming period for Bitcoiners. 2014 saw 39% losses, while 2015 and 2016 saw BTC/USD drop by 24% and 3%…