BLOCKCHAIN

Report: China Leading World in Blockchain Projects

[ad_1] China is reportedly leading the world in the number of blockchain projects currently underway in the country, Chinese English-language news daily China.org.cn reports on April 2.Citing a report by Blockdata, China.org.cn states that there are 263 blockchain-related projects in China, accounting for 25 percent of the global total.Li Qilei, the CTO at blockchain platform developer Qulian Technology, purportedly said that the financial sector is the biggest user of blockchain
EXCHANGES

Not April Fools: Why the US Dollar Will ‘Print’ Bitcoin to $100 Trillion

[ad_1] Sky’s the limit for Bitcoin, whose market capitalization could reach $100 trillion when looking at the historic trends of the US dollar and the world’s most popular cryptocurrency side by side. Dollar’s Inflation is a Feature April Fools Day aside, the only predictable thing about the US Dollar is that its purchasing power will continue to drop. Since 1913, the year the Federal Reserve was established, the dollar has
Business

Coinbase Expands Into Cross-Border Payments

[ad_1] American major cryptocurrency exchange Coinbase has expanded into cross-border payments. Coinbase revealed the development in a recent announcement.Coinbase customers can now transfer funds to any user with a Coinbase account around the world using Ripple (XRP) and the exchange’s stablecoin USDCoin (USDC) with no fee. The development reportedly enables users to send and receive money instantly, as well as convert them into local currency.March saw several new developments at
ALTCOIN

How Crypto Is Taxed in the US: A Taxpayer’s Dilemma

[ad_1] Last year was a bear market for cryptocurrencies. Many investors who did not know how to hedge their cryptocurrency investments saw these investments lose value from the market highs of 2017.Facing the deadline to report their taxes by April 15, 2019, United States individual taxpayers may wonder what their United States tax reporting obligations are if they held, donated or sold/exchanged their cryptocurrencies at a loss during 2018.A taxpayer’s
EXCHANGES

Pakistan Introduces Crypto Regulation

[ad_1] The Pakistani government will now regulate local cryptocurrency firms under new legislation. Local news outlet The Express Tribune reported that the government of Pakistan will introduce Electronic Money Institutions (EMI) regulations based on the recommendations of the Financial Action Task Force (FATF). The FATF is an intergovernmental organization based in France that creates policies for combating money laundering and other threats to the integrity of the global financial system.
BLOCKCHAIN

Bibox Crypto Exchange Rolls Out Blockchain Project Incubator

[ad_1] Leading cryptocurrency exchange Bibox is launching an incubator for blockchain projects called Bibox Orbit, according to an announcement published on March 30.Estonia-based Bibox —  the ninth largest cryptocurrency exchange in terms of adjusted trading volume — has revealed that it is rolling out Bibox Orbit, an incubator for blockchain projects.The announcement does not specify the exact date of the project launch and only says that “it is aimed to
Business

Swiss FinTech Sector Grows, While Traditional Banks Decline

[ad_1] A new study shows that the fintech sector in Switzerland continues to grow, while traditional financial institutions are stagnating. The report was published by SwissBanking on April 1.The report dubbed “IFZ FinTech Study 2019” was prepared by the Lucerne University of Applied Studies with an aim to show developments in the fintech industry in 2018 and analyze how banks position themselves vis-avis the fintech industry.Per the report, the Swiss
Business

Tether Daily Transaction Volume Hits All-Time High

[ad_1] Tether (USDT), the most used fiat-pegged stablecoin, has hit an all-time high by the number of daily transactions, according to blockchain data provider Coin Metrics.On March 31, the amount of Tether transactions hit a high of 38,150, representing a new milestone in the adoption of the major stablecoin launched in 2015.All-time transaction volume of Tether. Source: Coin MetricsAt press time, Tether is ranked the second top cryptocurrency by daily
EXCHANGES

Explaining the Qubic Computation Model: part 4

[ad_1] Explaining the Qubic Computation Model: Part 4 In the first part of this series, we have looked at a conceptual overview of the Abra specification, which describes the how data flow is achieved within the Qubic Computation Model. In the second part we used the Abra specification to start implementing Qupla, a higher level programming language for Qubic. We introduced Qupla’s most basic entities (trit vectors, look-up tables, and constants)
Business

Israeli Crypto Miner to Be Delisted From Tel Aviv Stock Exchange Due to Bear Market

[ad_1] Israeli cryptocurrency mining firm Bitfarms will be delisted from the Tel Aviv Stock Exchange due to the losses caused by last year’s crypto bear market, local business daily outlet Globes reported on April 1.Bitfarms — formerly known as Blockchain Mining — reportedly lost $23.1 million in the second half of 2018, while its net profit amounted to only $4.9 million in the first two quarters. The company’s revenue reportedly