Chinese Government Set to Crack Down on Blockchain Scams as Speculative Fever Returns

Nov 18, 2019

China is looking to crack down on cryptocurrency trading again as they notice the speculative fever returns following president Xi Jinping’s laud for blockchain technology. Of late, financial regulators in Shanghai has issued a notice to combat illegal cryptocurrency trade in the region. I...

Russia Prepares Law to Allow Cryptocurrency Confiscation

Nov 11, 2019

According to local reports, Russia’s Ministry of Internal Affairs and other law enforcement agencies are developing proposals to confiscate cryptocurrencies. These proposals could evolve into Russian laws as soon as 2021. “Russia plans to develop a legal mechanism for ...

Cryptomining Attacks Remain One of the Nastiest Malware Threats of 2019

Nov 7, 2019

Cryptography is a tool that can work in two different ways. It can be used to hide information using encryption or, with the correct information, it can be used to track data. The latter is what people are talking about when they name transparency as the primary value of cryptocurrency or blockch...

Russian Aluminum Plant Set to House Cryptocurrency Mining Farm

Nov 1, 2019

International economic sanctions have propelled many countries toward cryptocurrencies — from Venezuela to Iran. Now, U.S. sanctions imposed on one Russian company have paved the way for a cryptocurrency mining operation to take over a decidedly industrial facility. Rusal Turns to Cryp...

Op Ed: How to Understand Taxable Events for Cryptocurrency

Oct 17, 2019

Today’s average cryptocurrency investors, which number in the hundreds of thousands, may not even be aware that they need to pay taxes on their cryptocurrencies. But there is no longer any reasonable doubt regarding the need for reporting capital gains, compliance, auditing, accounting and taxa...

IEO Review: 87 Crypto Projects Raised Over $300 Million, 62% Have Negative ROIs

Oct 15, 2019

As bitcoin price stops climbing and tumbles below the $8,000 mark in the past few weeks, analysis that bitcoin prices dip under $5,000 and bitcoin scam claim are coming back on the table. It's hard to predict whether bitcoin will dip below $5,000, but investors condemning cryptocurrencies are a...

Hong Kong Set out Rules for Crypto Asset Managers, ICOs are OK with Limitations

Oct 8, 2019

Hong Kong’s Securities and Futures Commission (SFC) has recently released rules and regulations for fund managers dealing with crypto assets. The securities regulator published a 37-page document titled “Proforma Terms and Conditions for Licensed Corporations which Manage Portf...

Bitcoin Plunged Below $8,000 for First Time since June, Where Will It Go

Sep 25, 2019

On the early morning of September 25, the price of bitcoin plunged nearly $2,000 from its long-standing support around $10,000 in just over an hour, hitting an intraday low of around $7,700, its lowest level since mid-June. Led by the plunge of bitcoin, mainstream cryptocurrencies also suffer...

Former Architect of China’s Central Bank Digital Currency: Cryptocurrency Has Already Had the Potential to Become Real Money

Sep 18, 2019

Yao Qian, general manager at China Securities Depository and Clearing Corporation Limited (CSDC) and former director of the PBoC’s Digital Currency Research Institute, said that cryptocurrency has already had the potential to become real money as it’s correcting the fundamental ...

Incoming European Central Bank President Is Open to Cryptocurrencies

Sep 6, 2019

Christine Lagarde, who has been nominated by European governments to replace sitting European Central Bank President Mario Draghi, appears kinder to the burgeoning cryptocurrency industry than her predecessor. In a statement issued to the Economic and Monetary Affairs Committee of...