EXCHANGES

Philippines Increasingly Crypto Friendly – A Look at Driving Forces

[ad_1] There are many reasons why the Philippines is becoming increasingly crypto-friendly. Not only has its central bank registered more crypto exchanges recently, but the Securities and Exchange Commission has also been actively finalizing crypto guidelines. The country has an active crypto community, and one of its largest banks has engaged in multiple crypto projects. Also read: Central Banks Worldwide Testing Their Own Digital Currencies Rising Number of Crypto Exchanges
Business

Japan to Solarize Its Burgeoning Digital Economy, Expert Take

[ad_1] Society is now witnessing the implementation of digital currencies, artificial intelligence (AI) and blockchain technology worldwide. These new digital technologies necessitate very high consumption of electric energy, which is currently produced with coal and fossil fuels that have adverse environmental effects. A global shift toward green energy will require the removal of the technological/infrastructural, financial and regulatory/tax-policy barriers. In this series, we evaluate the tax, digital technology and solar
BLOCKCHAIN

NEO Is in Talks to Integrate Celer Network to Improve Scalability

[ad_1] Blockchain project NEO is considering integrating Celer Network’s (CELR) layer-two scaling protocol to improve scalability.Faster transactions, more possibilitiesAs industry-focused news outlet Crypto Briefing reported on Aug. 17, John Wang, NEO’s director of Eco Growth, said that integration with Celer is under discussion. Celer’s platform is a solution that enables faster off-chain transactions both for payments and generalized off-chain smart contracts. To transfer value across the network, Celer uses its native
BLOCKCHAIN

New Zealand Rules for Crypto Salary — Have Hopes Been Answered?

[ad_1] The national tax authority of New Zealand, the Inland Revenue Department (IRD), has recently published binding rulings and guidance for salaries and bonuses paid in crypto, made under s 91D of the country's Tax Administration Act of 1994. This ruling applies only to salary and wage earners and not to self-employed individuals, and only for services performed by an employee for a fixed amount and as a regular part of
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IRS Revoking Passports Shows How Government Erodes Everything We Hold Dear

[ad_1] If you have outstanding tax debt, the IRS may now want to take your passport. For U.S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February last year are troubling. This kind of behavior from government is nothing new, however, but an oft-repeating pattern of parasitism which sucks
EXCHANGES

3 Reasons Why Bitcoin Price Hasn’t Returned to $13,000

[ad_1] Despite the promises of crypto analysts and institutions like Goldman Sachs, Bitcoin price continues to hover around low 5 figures. What’s going on? After struggling to hold above the $11,000 point earlier this week, Bitcoin price, at last, succumbed to selling pressure and dropped below $10,000 for the second time in three weeks. Prior to the drop, numerous analysts predicted that $10k would serve as a reliable bounce point
Business

Hubii’s Nahmii Announces IEO and First Member of Governing Board

[ad_1] Ethereum-based layer-two blockchain scaling platform nahmii has onboarded the Norwegian Block Exchange (NBX) as the first member of its governing association, according to a press release shared with Cointelegraph on Aug. 16.Created by Hubii, nahmii is designed to solve the transaction speed issue on the Ethereum network, which can reportedly manage only 15 transactions per second. This, the release notes, makes Ethereum unsuitable for large-scale commercial deployment. Explaining the
Business

Crypto Markets Descending, With Bitcoin Price Sinking Below $10,200

[ad_1] Saturday, Aug. 17 —  Most major cryptocurrency markets have seen a slight drop today, with Bitcoin (BTC) falling below the $10,200 price point, according to data from Coin360.Market visualization. Source: Coin360BTC is trading at around $10,197 at press time, down roughly 3% on the 24-hour period to press time. Today, BTC saw a drop to as low as $9,765 before trading sideways around its current level. Bitcoin is now
EXCHANGES

Bitcoiners Brace for More Performance Art and Another ‘Satoshi Reveal’

[ad_1] On Friday, a variety of paid press releases were published stemming from a company called Satoshi Nakamoto Renaissance Holdings, a firm that claims a big “reveal” is coming on Sunday, August 18. According to the announcement, Satoshi Nakamoto will divulge his “real-life identity” alongside his “country of origin, education, professional background, and why he has yet to move any of his 980,000 bitcoins.” Many cryptocurrency supporters believe the press
EXCHANGES

Coinbase: Institutional Folks Buying $200-400M Worth Crypto A Week

[ad_1] Brian Armstrong talked about institutional investors in the cryptocurrency space on Twitter earlier this week, saying the question of whether or not institutions will adopt cryptocurrencies has been answered. Coinbase is reportedly seeing hundreds of millions of dollars per week pouring in from legacy financial institutions. Custody Woes The main issue cited by institutions looking to get into Bitcoin and cryptocurrencies is of custodianship. Getting a hardware wallet is