Month: April 2022

Blockchain Technology: Enabling A Decentralized Future

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What started as a distributed digital ledger enabling a peer-to-peer network has now become a whole new dimension of the internet. Blockchain, the underlying technology of cryptocurrencies, evolved in an immense way over the last ten years. Bitcoin is its first real use case, and it is now recognized as a global monetary network with a fixed supply that several countries have accepted as legal tender. Yet, blockchain’s functionality doesn’t end with Bitcoin. There are many prominent use-cases of blockchain technology that helped the crypto market accrue over $1.8 trillion…

Cuban central bank makes it official: VASP licensing coming in May

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The Gazette further determines that this decision will enter into force 20 days after its publication, which is May 16. In a move that could potentially foster the growth of Cuba’s nascent tech industry, the Banco Central de Cuba (BCC), the country’s central bank, will begin issuing licenses for Bitcoin (BTC) and other virtual asset services providers (VASPs). According to the Official Gazette, No. 43 published Tuesday, which includes a Central Bank of Cuba resolution, anyone wanting to provide virtual-asset-related services must acquire a license first from the central bank.…

Institutional Investors Bearish On Bitcoin, Ethereum. Here’s What They’re Buying

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Bitcoin and Ethereum have always been at the forefront for institutional investors. This is with good reasons too as not only are these the largest cryptocurrencies by market cap, but they are also the most popular with the best prospects. As time has gone on though, competition has become stiffer for the attention of institutional investors. The rise of other altcoins has put forward some formidable contenders for these two cryptocurrencies. Now, institutional investors are now moving away from the big two and pouring money into other altcoins, taking a…

Dogecoin (DOGE) Struggles, Drops 9% After Elon Musk Twitter Buyout

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Dogecoin struggles to maintain its momentum, dropping steadily by 9%. And it seems investors are letting the chips fall where they may. Following the announcement that Elon Musk would buy Twitter, DOGE soared 26% and everything went bullish especially after the news that the Tesla CEO bought Twitter for $44 billion. Suggested Reading | Dogecoin (DOGE) Trading Volume Plunges – Here’s Why Musk Shakes Things Up For DOGE Apparently, the popular meme coin had a sharp spike in April 5 when Musk decided to join Twitter’s board with a 9.2%…

Bitcoin rebounds off 6-week lows amid warning of ‘brutal’ BTC price bull trap

Bitcoin (BTC) reclaimed $39,000 on April 27 after another night of pain saw BTC/USD hit its lowest levels since mid-March. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “All assets suffer” at hands of rampant dollar Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency trading at $39,200 on Bitstamp at the time of writing, up 2.5%. April 26 had seen fresh trouble as soon as Wall Street trading began, Bitcoin following stocks downhill once again to hit $37,700 twice. Despite that area already being on the radar as a…

BITCOIN ABWÄRTSTREND BEENDET ? ETHEREUM $5 MILLIARDEN NFT REKORD ! BTC / ETH JETZT WIEDER BULLISCH ?

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Two more charged with teaching North Koreans to evade US sanctions with crypto

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A United States district court has charged two European citizens in connection to a blockchain and cryptocurrency conference in North Korea which violated U.S. sanctions back in 2019.  According to the U.S. Department of Justice, the court documents allege that Alejandro Cao De Benos, a citizen of Spain, and Christopher Emms, a citizen of the United Kingdom, conspired to violate U.S. sanctions on North Korea when they jointly planned and organized the 2019 Pyongyang Blockchain and Cryptocurrency Conference. The pair allegedly worked with former Ethereum developer Virgil Griffith to provide…

Argentinian Tax Agency Supports Creation of Global Crypto Report System to Avoid Evasion – Taxes Bitcoin News

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The AFIP, the Argentinian tax agency, is supporting the creation of a centralized system that serves as a registry for cryptocurrency holders. According to statements from its head, this would make it easier for tax agencies all over the world to curb evasion. The organization has already made use of financial information to collect taxes from Argentinian users with bank accounts abroad. Argentinian Tax Agency Backs Crypto Holder Registry Creation The AFIP, which is the Argentinian national tax collecting agency, wants to advance its efficiency in the collection…