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Beijing seems to have once again declared its preference for blockchain technology and disdain for virtual currencies. Dovey Wan, a founding partner of California-based investment company Primitive Ventures, shared a short video today, a part of a high profile TV program “Focus Report,” which runs on the China Central Television...
The British government has updated its cryptocurrency tax rules, adding stipulations for businesses that work with crypto. Also, they stressed that they do not consider Bitcoin and other digital tokens to be money. The UK’s tax agency, the HMRC (HM Revenue and Customs) had already released a series of guidelines...
Last week for XRP wasn't one of its best, but this week seems to be bringing plenty of good news. However, it still trades sideways today, despite the most recent announcements, be it XRP community-related, a new platform and tools, or open source projects, as well as a proposal...
Japan could shun cryptocurrency investment trust offerings – while some of the country’s top financial companies have established a securities token association. The regulatory Financial Services Agency – the body that polices the country’s exchanges and cryptocurrency businesses – has provisionally updated its guidelines on financial instruments. The agency stated,...
Ripple, a California-based crypto startup focusing on the banking sector, is continuing its acquisition program despite the price of their token, XRP , is down 29% this year. However, after another acquisition announcement, the price went up and at pixel time (09:55 UTC) trades at c. USD 0.252 and is...
Boxing star Manny Pacquiao has launched his long-awaited Pac digital token – and will list it on a Singapore-based exchange. Pacquiao announced the launch at a concert in Manila in front of 2,000 of his fans, per a report from Reuters. Pacquiao is a former world flyweight, featherweight and lightweight champion,...
The head of the United States House of Representatives’ Financial Services Committee says that it is still “concerned” by Facebook’s proposed Libra stablecoin despite extensive meetings with politicians and financial regulators in Switzerland. Facebook has announced that it plans to operate Libra from Switzerland – considered by many to be...
Ever since the post-April cryptocurrency bull market, Bitcoin has been gradually consolidating its status as a store of value. This was confirmed most emphatically on July 11, when Federal Reserve chairman Jerome Powell told the U.S. Senate banking committee that investors use the cryptocurrency "as an alternative to gold." "It's...
Weiss Ratings, the first financial ratings agency that started covering bitcoin and other cryptocurrencies in January of 2018, is once again out with an updated rating for the number one cryptocurrency. Following a period of price consolidation for bitcoin, the Weiss crypto ratings team has now downgraded Bitcoin from its...
China effectively closed its door to cryptocurrencies in September 2017, when it banned cryptocurrency exchanges and initial coin offerings (ICOs). But almost two years later, is Beijing slowly starting to rethink its policy? Officially, nothing has changed. However, recent developments in the country seem to suggest that the Chinese government’s...