[ad_2][ad_1] The Chinese central bank has revealed that it will soon launch its state-supported cryptocurrency after five years of research. A senior official of the People's Bank of China said the cryptocurrency is "near the exit" at an event organized by the China Finance 40 Forum, according to separate reports …
Read More »Spend.com Teams Up With Paxos to Enable Cryptocurrency Payments | Crowdfund Insider
[ad_2][ad_1] Digital wallet platform Spend.com announced on Thursday it has formed a new partnership with Paxos to enable cryptocurrency payments. It has integrated the itBit by Paxos cryptocurrency exchange into its platform. “This integration allows users to easily transfer digital assets without having to move their cryptocurrency off exchange platforms. …
Read More »Multiple North Korean Cryptocurrency Hacks Under UN Investigation
[ad_2][ad_1] The United Nations has launched an investigation into North Korean cyber-attacks which targeted cryptocurrency exchanges in the neighboring South. India has been a victim in the digital crime spree which targeted 17 countries in total. Cryptocurrency Exchanges Targeted The UN has ramped up its investigation of North Korean cyber-attacks …
Read More »China seems to be softening its position on cryptocurrency
[ad_2][ad_1] In an unexpected move, an important Chinese state bank has published what appears to be a positive infographic on its website which describes in detail the history of Bitcoin and some basic concepts of cryptocurrency. The infographic notes the impressive gains that Bitcoin has recently benefited from and seems …
Read More »Chinese National Cryptocurrency Turns Out Not Being an Actual Crypto
[ad_2][ad_1] The People's Bank of China (PBoC) has developed a prototype for issuing a national cryptocurrency, as Cointelegraph reported on Aug. 11. As it turned out, it will be powered by a two-tier operating system, which, however, will not be fully decentralized. What do we actually know? The fact that …
Read More »IRS to Cryptocurrency Owners: How to Clean, or Else!
[ad_2][ad_1] The Internal Revenue Service is against the Americans who haven't reported income from cryptocurrencies like bitcoin. In late July, the IRS said it had to send warning letters to more than 10,000 people who may have complied with tax rules on virtual currencies. Agency officials have said criminal tax …
Read More »The Chinese digital Fiat wants to compete with Bitcoin – But it is not a cryptocurrency
[ad_2][ad_1] The Takeaway: A review of over 50 patent applications submitted by the People's Bank of China shows tthe design of its central bank digital currency will resemble a limited cryptocurrency. A senior central bank official said the effort will be useful to "curb public demands for cryptographic assets and …
Read More »A quick rundown of how the cryptocurrency market has performed so far in 2019
[ad_2][ad_1] The second half of 2019 is now upon us. As we all know, 2018 was a terrible year for cryptocurrencies as the market slumped and lost much of its 2017 gains. The sentiment in the beginning of this year was evenly divided between cautious optimism and fearful pessimism. However, …
Read More »South Korean Crypto Exchange Coinone issues criteria for cryptocurrency listing
[ad_2][ad_1] South Korean cryptocurrency exchange Coinone has released a series of criteria to determine whether to list new digital currency projects on the exchange. In a blog post published August 8, Coinone described nine criteria that cryptocurrency projects must meet to be listed on the stock exchange. Coinone will specifically …
Read More »Chinese Digital Currency Will Not Be Cryptocurrency after All
[ad_2][ad_1] China may be about to launch a digital currency, but in all likelihood, PBoC's currency will only resemble crypto on the surface. It probably won’t use blockchain technology. Last week we reported how CBD After five years they have been working on it. However, after the analysis of over …
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