Business

‘Risky’ Tokenized Real Estate Platform Hits New Heights After Paypal Ban

[ad_1] U.S. tokenized real estate platform RealT hit record highs in sales and new users after it turned to crypto-only transactions, following a ban by payments platform Paypal in April.The Ethereum-based startup tokenizes and sells U.S. property, allowing users around the world to share in property ownership for as little as $50.According to RealT’s twitter account, 62% of purchases on their platform were made via Paypal prior to the ban.
Business

A Single Chinese Region Accounts for One-Third of Global BTC Hash Rate

[ad_1] The Cambridge University’s Centre for Alternative Finance (CCAF) has launched a Bitcoin Mining Map that provides the average monthly hash rate produced by each country across the globe.The map is informed by the data of mining pools ViaBTC, Poolin, and BTC.com. Cambridge claims the platform is the first to publicly offer a geographic breakdown of Bitcoin (BTC) hash power distribution.China represents 65% of hash powerUnsurprisingly, the map shows the vast
EXCHANGES

75 Companies Back Facebook Libra’s Competitor Celo

[ad_1] Celo, a competing project to Facebook’s Libra cryptocurrency, has added 50% more new members to its alliance, bringing the total number of supporting organizations to 75. Some Celo members are also supporters of the Libra project, such as Coinbase Ventures, Anchorage, and Andreessen Horowitz. Celo Project Adds Over 20 Members The Celo Foundation announced Tuesday a 50% increase in the number of its members. The foundation explained that “The
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It’s the “Last Stand” for Bag Holders of XRP: Top Analyst Peter Brandt

[ad_1] XRP hasn’t been excluded from the recent rally in the cryptocurrency market. From its lows in March of $0.11, the second-largest altcoin has gained over 100% from the lows. As Bitcoin topped $9,400 last week, the altcoin topped $0.23, showing strength after a macro downtrend. This recovery aside, top analysts believe that the cryptocurrency is currently in a bearish macro position. One prominent trader went as far as to
Business

Guide Highlights Patchwork of Crypto Tax Laws in Latin America

[ad_1] Research from Latin American crypto exchange Buda has highlighted a patchwork of laws, confused regulations and unusual concepts governing crypto taxation in the region.Buda has provided a series of tax guidelines outlining measures crypto traders should take into consideration when looking to comply with the authorities in Chile, Colombia, Peru, and Argentina.In various countries in the region, there are different interpretations and concepts regarding what type of good or
BUY/SELL

Bitcoin Price Knocks Out Key Resistance Level as Bulls Target $9,500

[ad_1] After spending the last few days battling to hold prices above the $9,000 resistance, Bitcoin (BTC) price made a strong move by surging to $9,395. The 3.65% move took place on a high volume surge but the price quickly pulled back to $9,126 before recovering to 9,370 at the time of writing. With just 4 days and 16 hours left before the Bitcoin halving, investors will be closely watching to
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Here’s Why Bitcoin’s Outperformance of Gold Isn’t Impressing One Prominent Investor

[ad_1] Bitcoin’s recent recovery from its mid-March lows has allowed it to outperform gold and virtually all major markets this year This strength has even allowed it to see over twice the returns that gold has seen – boosting the “digital gold” narrative that was popularized in 2019 One prominent investor isn’t impressed with BTC’s performance, however, and believes that the risk-reward ratio still makes it a bad investment Bitcoin
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3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet

[ad_1] On May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting service allegedly tied to North Korea, and how Iran-based exchanges are bypassing OFAC sanctions through the use of digital currencies. Chainalysis Digs Into North Korea’s Relationship With Crypto
Business

Bitcoin Is a Digital Asset Says Intermediate People’s Court in China

[ad_1] The Shanghai No. 1 Intermediate People's Court publicly announced an appeal for a Bitcoin foreign property damage compensation dispute on May 6, according to Baidu news. The second Court trial’s findings indicated that Bitcoin is a digital asset and should be protected by the law. All Bitcoin obtained through illegal means should be returned or compensated at a discount, says the local news.  All started with a robberyAccording to the report,
Business

New Bill Would Presume Digital Assets Not to Be Securities in California

[ad_1] Per new updates to a bill to amend California’s securities law introduced in the state’s legislative body on May 5, the largest economy in the United States and the world’s tech hub may be providing new clarity to crypto owners.Formalizing the Howey Test for crypto?Updates to the definition of what constitutes a security include: “Investment contract, except any digital asset that meets one of the following criteria is presumptively