An independent firm namely KLA involved in researching and compilation of business market has concluded a survey in South Africa which shows that approximately 47% of the country’s population over the age of 18 have been owning and possessing virtual assets. However, amongst this 47% people, the majority comprises of those who have invested at…
AS per the latest reports, Eurex has made an announcement for the cryptocurrency community in Germany. Eurex is reportedly owned by Deutsche Boerse, which is a stock market operator from Germany, and it exists as a derivatives exchange. The derivatives exchanges have announced that it has launched derivatives for cryptocurrencies. Now, the investors will be…
The recent tax exemption offered by El Salvador’s government is an attempt to further speed up the bitcoin investments in the country. The government in El Salvador is looking to attract foreign investors to invest in the country. That’s why the tax exemption can come in handy. The reports have confirmed that soon the government…
With Bitcoin and crypto adoption growing significantly, business owners are also considering accepting payments in these digital currencies. PayPal and Square have already started integrating crypto payments within their systems and notable financial firms, such as Goldman Sachs and Black Rock, have also added crypto to their holdings. Therefore, businesses are now considering opening crypto…
Genesis Digital Assets is having a great time in business which is evident from the fact that it has been continuously purchasing more and more Bitcoin mining rigs from its long-standing partner from China namely Canaan. Currently, Genesis Digital Assets is in the process of acquiring from Canaan an epic quantity of Bitcoin mining rigs…
As per the latest reports, Ilgiz Shakirov has been detained by the police in Tatarstan. The sources reveal that it is the republic of Tatarstan, a republic of Russia, whose police authorities have detained Shakirov. Ilgiz Shakirov is known for being a prominent businessman in Kazan, which is the capital city of Tatarstan. The authorities…
A high-ranking representative of the notorious Finiko Ponzi scheme in Russia has finally been arrested in Tatarstan. A businessman hailing from Kazan, Ilgiz Shakirov was part of the crypto pyramid and had risen to the position of vice president. It is believed that the scheme ended up defrauding millions of people in the Russian Federation…
With every passing day, the focus of major electronic payments’ giant MasterCard, is increasing towards cryptocurrencies. MasterCard has been making constant developments and it is going through several acquisitions in order to make its journey extremely profitable. This is the reason MasterCard is venturing more and more inside the cryptocurrency industry. The main goal is…
It was just recently, when the Visa’s representative, Eduardo Abreu was reportedly interviewed by Seu Dinheiro, a local news outlet from Brazil. Abreu, is Visa’s new business’s vice president, who talked about Visa’s new venture into cryptocurrencies. He revealed that Visa, the payments giant is planning to bring something huge for the Brazilian market. Abreu…
A warning has been made public by the joint authorization of the Venezuelan Police as well as the Sunacrip – an authority that looks after the interests of the country’s financials, including the crypto industry, warning the public against active crypto fraud schemes set up by scammers and fraudsters. A whole list containing multiple recommendations…
Bitcoin is one day away in becoming the official currency of El-Salvador yet the survey results are contrary as seven El-Salvadorians out of ten does not want Bitcoin to the legalized under the law called “Bitcoin tender”. Believe it or not or howsoever it looks odd to anyone but the truth is Bitcoin is going…
JPMorgan recently made a historic move, when it started to offer its clients access to a variety of cryptocurrency options. The move, while being controversial among some, was seen to be a smart move given the current climate. And since their new options, they have seen demand for crypto options skyrocket. More specifically, they have…
Martin Mhlanga of Zimbabwe was suspected of launching a Bitcoin Ponzi scheme in the country under the “Cryptoshares”. However, though his disguise was busted before the local police could get him, he vanished from the scene and took away with him US$ 6 Million approximately which he had collected from the Bitcoin fraud scheme. Similarly,…
For the Eastern Europe region, crypto scammers do not have to do much, as they are easily targeted and fell into the trap quite easily. This is so true because Chainalysis report suggests that Eastern Europe tops in sending crypto funds to malicious addresses out of the region which mostly belongs to the scammers. The…
A survey commissioned in the US crypto market has been concluded and issues findings that approximately 50% of the American consumers have actually invested money into the virtual assets. Most of the persons reviewed also suggested that they invested much of their funds at the beginning of the year 2021 i.e. Q1. Market surveys are…
Despite the increasing popularity of cryptocurrencies, it has yet to shake off its reputation as a racket. One of the examples of these companies still hesitant to work with crypto is the NFL. With the incredible popularity of the NFL and the rise of NFTs, they have yet to allow them. Teams were informed by…
Russian are famous for doing everything excessively and to a level where others may be annoyed. But this is how they act normally and they like to be as they are. This sense of doing everything “excessively” can be witnessed in the adoption of virtual assets amongst the Russians as they recently concluded survey reveals…
The founder of Tron, Mr. Justin Sun too could not resist the overwhelming trend of NFTs and ended up being attracted towards an NFT of his liking i.e. Cryptopunks famous figurine of “Joker” which according to him resembles Marvel’s notorious villain character “Joker” – Batman’s worst enemy. The trend of Non-Fungible Tokens (NFTs) is overwhelmingly…
South African Reserve Bank (SARB) continues to stick to its long-prevailing crypto perspective as the bank’s Governor has reiterated that SARB does not consider Bitcoin or any of its kind as “currency”. At best cryptocurrencies can be treated as “crypto-assets” and there is nothing less or above that, said Governor Lesetja Kganyago. He opines that…
International Monetary Fund (IMF) is of the view that virtual currencies like that of Bitcoin and others pose potential risk and dangers because they are issued by not the central banks but private individuals and networks. IMF also denies that Bitcoin can be an alternate to a “national currency” instead it suggests that those who…
