Heading: cryptocurrency

In Venezuela, the registration of miners will begin

Let's start with the fact that mining is illegal in Venezuela, as arrests of illegal cryptocurrency miners are actively taking place in the country, who are charged with articles on money laundering, illegal enrichment and computer terrorism, therefore, against the general background, the official registration of miners looks like an excellent step not to lose their own property and don't go to jail. Miners registration will begin in Venezuela So far, the government of the South American country is offering to go through official online registration, in which the unlucky entrepreneur will have to provide his own data and describe the equipment used to mine cryptocurrency. Venezuelan authorities believe that registration is a legal protection for miners, which will secure miners and formalize their status. However, users do not hide ... Read More

Bitcoin in India may be taxed up to 30%

The Government of India has calculated the income of citizens received on cryptocurrency and attended to the introduction of a 30% income tax. On December 5, the Central Bank of the Asian state introduced directives regarding bitcoin turnover in India, but then there was no talk of taxes. Bitcoin in India may be taxed up to 30% The warning, sounded at the state level, about the limitations of the powers of cryptocurrencies in the country and the risks of the financial system with security, caused a number of investors to dump their own savings in cryptocurrencies. The Government of India calculated the income of citizens and decided to participate in sales legally. Financial experts do not rule out that bitcoin sellers will have to pay taxes retroactively. With the inhabitants of India, to whom it is imperceptible ... Read More

Changetip users return forgotten bitcoins

The rising cost of bitcoin has breathed new life into the Changetip service, which suspended operations in 2016 due to high fees. Hoping to find deposits of cryptocurrency, the former owners are trying to restore access to forgotten accounts. Recall that in November last year, when the payment system decided to close, the market value of bitcoin was estimated at $750. Twenty times the value of the cryptocurrency forced users to return to the treasury. Experts note that social networks are full of positive user reviews about the Changetip payment service, which made a gift to its customers and allowed them to get rich. Changetip users return forgotten bitcoins To return an account to the Changetip system, users will have to log in through social network accounts: Reddit, ... Read More

Wikipedia page on Bitcoin in TOP-3

The popularity of bitcoin on the planet is growing every second. First, the cryptocurrency sets records for price growth, and then leaves the world payment system VISA behind in the rating. The past weekend showed another achievement of the virtual currency. Wikipedia page on bitcoin in TOP 3 The Wikipedia page on bitcoin ranked second in the ranking of the most popular resources on the Internet for three days in a row. Note that the first place remains with Vladimir Putin and Donald Trump, who lead head to head in terms of popularity. Interest in bitcoin is associated with the introduction of cryptocurrency futures in the United States, which started earlier than the announced deadline by the Americans. Recall that the states announced their readiness to introduce an exchange contract ... Read More

200 million Bitcoin users by 2024 year

The sharp jump in the bitcoin rate made the inhabitants of the planet reconsider their own investments and opt for a new cryptocurrency, which, according to experts, by 2024 could cost $1 million per coin. In just one quarter, the number of e-wallet users doubled from 5 million to 10 million. According to statistics, the increase in the number of cryptocurrency holders is proportional to the increase in the value of bitcoin. 200 million bitcoin users by 2024 And this is just official data. If we take into account Asian capacities and compare with the statements of the owners, then the declared figure will triple, since the largest cryptocurrency exchange Coinbase alone announced 13 million served wallets. In fact,... Read More

Bitcoin circumvented VISA capitalization

Even at the beginning of the epic with cryptocurrency, experts opposed bitcoin to the VISA payment system. There were restrictions regarding throughput and turnover, because the world's largest platform was built for decades. However, bitcoin managed to outperform its financial competitor in another way. Bitcoin bypassed VISA capitalization In early December, the cryptocurrency showed unprecedented growth, reaching the psychological barrier of $20 on Asian exchanges. The desire to own bitcoin led people to buy up the currency, making an investment. Thus, in terms of capital valued at $000 billion, bitcoin overtook VISA, with an accumulation of $275 billion. Also, the cryptocurrency demonstrates half a billion transactions daily, while VISA transactions do not exceed $252 million. However, experts... Read More

Bittrex exchange requires customer verification

 You were embarrassed by the statements of the governments of different countries about the control of mining, and you talked about anonymity and believed in the unhindered mining of cryptocurrency without paying taxes. Get hit under the belt - the famous Bittrex exchange has blocked payments to its clients and requires verification for withdrawal. And what would that mean? According to representatives of the exchange, everything looks quite understandable - the company does not want dirty money to be laundered through it, terrorism is sponsored, or fraudulent operations are carried out. It is logical to assume that this is some kind of exchange insurance. However, according to experts, it is possible to establish the illegality of the operation without verification, by tracking the transactions of banks. But what is wrong? Bittrex reps don't like that... Read More

US Federal Reserve and White House “Watch Bitcoin”

The Yankees are concerned about the out-of-control cryptocurrency market. As the Fed said in a statement, digital currencies, in particular bitcoin, pose risks to financial stability around the world, not just in the United States. Moreover, Randal Quarles, deputy director of the country's Federal Reserve System, made it clear in his statement that the absence of a regulator poses a threat to the country. Fed officials consider digital currency a low-grade product and incline society to subordinate bitcoin to the banking system or some other organization that can act as a regulator. Quarles argues that the lack of a stable exchange rate between the cryptocurrency and the dollar will cause the economy of all countries to fall in the future. On behalf of the Fed, the deputy director promised the Americans to keep an eye on the rapidly developing unstable ... Read More

The regulator of Japan has approved 4 crypto-exchanges

The information was confirmed that the Financial Services Agency of Japan allowed four more cryptocurrency exchanges to operate in the country. Recall that at the end of the 3rd quarter of 2017, 11 licenses were issued by the agency. The law on the regulation of cryptocurrency and the legalization of bitcoin inside the country, which has entered into force, obliges the registration of the exchange in state structures. It is not entirely clear how the rights to trade cryptocurrencies among newcomers to the exchange were distributed. So companies Tokyo Bitcoin Exchange Co. Ltd, Bit Arg Exchange Tokyo Co. Ltd, FTT Corporation is only allowed to trade bitcoin. And Xtheta Corporation has been given wide powers to develop the market for ether (ETH), lightcoin (LTC) and other popular currencies. According to the statement... Read More