Tag Archives for " Money "

Report: Huobi Overtakes Binance and OKEx in Commission Earnings

Cryptocurrency exchange Huobi has reportedly raked in a total of $483 million in commissions throughout 2018, more that the top two exchange by volume Binance and OKEx.  Half a Billion in Trading Fees According to a recent report by Korean media Sporbiz, China-based cryptocurrency exchange Huobi has raked in a total of $483 million USD in commissions […]

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Silk Road’s Ross Ulbricht Moved to Another High Security Prison

Ross Ulbricht has been transferred to a new prison. This time to USP Tucson, yet another high security prison where he will be locked up likely alongside fewer murderers and hardcore gang members than previously.   Ross Ulbricht Moved Again But more sex offenders owing to the prison’s Sex Offender Management Program; this could make […]

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Bitcoin Too Risky? US Lottery Ticket Sales Exceed Entire BTC Market Cap

Every year, US citizens spend north of $70 billion on state lottery tickets. That’s almost $8 billion more than the entire market cap of Bitcoin. And more than half of the entire crypto market as a whole. US Citizens Spend Billions on Lottery Tickets Comparison is a great way of putting things in context. Lose […]

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South Africa to Start Tracking All Cryptocurrency Transactions in 2019

Owning bitcoin in South Africa just got a little harder, or at least it will do by the end of quarter one this year. According to a consultation paper published yesterday by the South African Reserve Bank (SARB), some hefty new regulation surrounding and exchanges and ATMs is about to be enforced. South African Regulators […]

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Expect ‘Large increase’ in Cryptocurrency Taxes Filed for 2018, Says Bittax CEO

Bitcoinist spoke with Gidi Bar Zakay, CEO and founder of Bittax at the recently held Israel Bitcoin Summit in Tel-Aviv about cryptocurrency tax obligations for users and how the regulatory landscape is taking shape around the globe.  Bitcoinist: Why did you decide to launch Bittax? Are Bitcoin taxes too cumbersome to calculate for the average person?  […]

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Indian Bank Forcing Customers to Agree to Anti-Cryptocurrency Policy

Regulation An Indian bank is reportedly forcing customers to agree that they “will not deal with any transactions related to cryptocurrency including bitcoins” when signing up for an account. In addition, there are reports of banks blocking accounts of their existing customers if they are found to have made crypto-related transactions. Also read: Indian Supreme Court […]

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7 Korean Cryptocurrency Exchanges Pass Government Security Inspection

Exchanges The South Korean government has released the results of its security inspection of cryptocurrency exchanges. Only seven of them passed all 85 of the inspection points. Fourteen previously-inspected exchanges still have not improved and 17 new crypto exchanges did not meet security standards. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive […]

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The Struggles and Successes of Introducing Crypto to the Unbanked: A Social Experiment in Colombia

News How cryptocurrency can help the unbanked has been a hot topic over the past 12 months. It is a laudable goal, but one that it is by no means easy to accomplish. One tech enthusiast and stablecoin startup employee, Steven Gilbert, experienced the struggles – and successes – of attempting to do so when […]

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Bitcoin Goes on Sale in 2 French Tobacco Stores

News At least 24 tobacco shops have started selling bitcoin coupons in the French capital of Paris. Widely known as “tabacs”, the stores received regulatory approval for the cryptocurrency sales late last year. More than 6,500 tabacs – representing about a quarter of the registered tobacco stores in France – are expected to start offering […]

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