Global Blockchain Expenditures to Top $1.5 billion in 2018

Posted on Categories Banking, Blockchain, BusinessTags , , , , , Leave a comment on Global Blockchain Expenditures to Top $1.5 billion in 2018

International Data Corporation notes that global expenditure on blockchain solutions will reach $1.5 billion this year. It is anticipated that the monetary sector will lead the investment drive with nearly $552 million in investments. The increase in blockchain spending is due to the rapid acceptance of the technology by the banking industry. That’s because the … Continue reading “Global Blockchain Expenditures to Top $1.5 billion in 2018”

South African Tax Authority Not Sparing Crypto Traders

Posted on Categories Banking, Bitcoin, Cryptocurrency, Law, RegulationsTags , , , , , , , , Leave a comment on South African Tax Authority Not Sparing Crypto Traders

Governments don’t play games when it comes to tax. The South African government is going to full lengths to make sure cryptocurrency traders pay every tax permissible under law. A Tax Agency at Work According to Commissioner, Mark Kingon, the agency is exploring ways to better identify those that are profiting from digital assets.  They … Continue reading “South African Tax Authority Not Sparing Crypto Traders”

Venezuelan Economic Woes Worsen As Bitcoin (BTC) Reaches 60M Bolivars

Posted on Categories Bitcoin, Business, Cryptocurrency, NewsTags , , , , , , , , , , 1 Comment on Venezuelan Economic Woes Worsen As Bitcoin (BTC) Reaches 60M Bolivars

Without a doubt, it’s a terrible experience to be a Venezuelan living in the country right now. Well, the reason is not far-fetched as the economy of the South American country has taken a nosedive. It appears the government is obviously helpless. The government must have tried all the tricks in the books to upturn … Continue reading “Venezuelan Economic Woes Worsen As Bitcoin (BTC) Reaches 60M Bolivars”

Despite Ripple (XRP) and Stellar (XLM) Having Similar Objectives, They Can Always Co-exist

Posted on Categories Altcoin, Banking, Blockchain, Business, CryptocurrencyTags , , , , , , , , Leave a comment on Despite Ripple (XRP) and Stellar (XLM) Having Similar Objectives, They Can Always Co-exist

Ripple and Stellar are both working to achieve their goal of enabling easy transactions that particularly involve multiple currencies across borders. Both cryptocurrencies currently rank high not only in terms of their market value, but also their popularity. Cryptocurrency fanatics have picked this topic up and are already debating on whether both digit assets can … Continue reading “Despite Ripple (XRP) and Stellar (XLM) Having Similar Objectives, They Can Always Co-exist”

Cryptocurrency Ban In India: Hearings Resume Today

Posted on Categories Cryptocurrency, General, LawTags , , , , Leave a comment on Cryptocurrency Ban In India: Hearings Resume Today

Starting on a lighter note, Asian superpowers India and China have become theaters of cryptocurrency-fraud drama of sorts. As it stands, it’s near impossible to say which one of the two countries is most entertaining to the world. Essentially, there are frequent cases of cryptocurrency-related frauds, prompting their governments to take decisive positions. While China … Continue reading “Cryptocurrency Ban In India: Hearings Resume Today”

Ripple (XRP) Could Become A Standard For Digital Currency

Posted on Categories Altcoin, Bitcoin, Crypto TechnologyTags , , , , , Leave a comment on Ripple (XRP) Could Become A Standard For Digital Currency

Ripple (XRP) has been very successful, but it’s also been controversial. At the moment, there are legal claims that XPR is an unregistered security, and not a decentralized currency such as Bitcoin and Ethereum. The latest suit claims: “Here, the XRP offered and sold by the defendants had all the traditional hallmarks of a security, … Continue reading “Ripple (XRP) Could Become A Standard For Digital Currency”

IBM Backs A U.S. Dollar-Tied Cryptocurrency Stronghold USD

Posted on Categories Bitcoin, Blockchain, Crypto Technology, CryptocurrencyLeave a comment on IBM Backs A U.S. Dollar-Tied Cryptocurrency Stronghold USD

There is a new major player in the cryptocurrency market. IBM recently joined forces with a financial technology company called Stronghold. Together they are promoting a fledgling cryptocurrency pegged against the U.S. dollar. Big Blue is throwing its considerable weight and influence behind this “stablecoin.” These digital tokens are tied to currencies that already exist … Continue reading “IBM Backs A U.S. Dollar-Tied Cryptocurrency Stronghold USD”

The World’s Most Powerful New Currency

Posted on Categories Bitcoin, Crypto Technology, CryptocurrencyLeave a comment on The World’s Most Powerful New Currency

By now, you’ve heard a lot about the crypto boom taking the world by storm. The market once valued at $17.7 billion in 2016 is now worth more than $500 billion. And, chances are good it could rally to $1 trillion, says crypto analysts. Bitcoin, for example, once soared from $13.36 in 2013 to $19,005 … Continue reading “The World’s Most Powerful New Currency”

MasterCard-Enabled Bitcoin Credit Cards Coming Soon

Posted on Categories Bitcoin, Blockchain, CryptocurrencyLeave a comment on MasterCard-Enabled Bitcoin Credit Cards Coming Soon

There’s cheerful news coming from New York-based financial services card solution maker MasterCard. MasterCard successfully obtained a patent that will enable it to incorporate bitcoin-based transactions on its credit cards. No doubt, this is yet another move that sends a clear-cut signal to the cryptocurrency community and the world in general that Bitcoin is here … Continue reading “MasterCard-Enabled Bitcoin Credit Cards Coming Soon”

Bitcoin Rises Above $7,000 In The Current Upswing

Posted on Categories Altcoin, Bitcoin, BlockchainLeave a comment on Bitcoin Rises Above $7,000 In The Current Upswing

Digital currencies are continuously rising in the current upswing starting on July 16th. This positive move is looking to potentially correct the continued market drop which started back in January. Bitcoin is currently trading around 7,400 dollars, which is an 9% move in the last 36 hours. This latest move is seeing Bitcoin net positive … Continue reading “Bitcoin Rises Above $7,000 In The Current Upswing”