Bitcoin News

Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90%

Remittances have become a lifeline for many people in Sub-Saharan Africa, but the cost of sending money via banks and money transfer operators remains punitively high. On average, it costs 9.3% (of value transferred) to send the equivalent of $200 to the region, the highest remittance rates anywhere on the planet, according to the new …

Bitcoin News

Japan to Provide G20 With Solution for Crypto Regulation

Japan is preparing to share its experience regarding cryptocurrency regulation with finance ministers and central bank governors from other G20 countries at the upcoming summit which it will host in June. According to local media, Japanese regulators have a solution for crypto regulation to offer the G20 countries. Also read: Indian Supreme Court Postpones Crypto …

Bitcoin News

How Ambiguous Regulations Complicate Crypto Taxation

From America to the United Kingdom and from Russia to Australia, cryptocurrency taxation in major bitcoin strongholds is complicated. Contradictory or non-existent laws, excessive red tape, and maddeningly vague guidelines have conspired to make the tax-paying process more arduous than it need be. Now, a number of advocates are pushing for simplified crypto tax guidelines. …

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OTC Groups and State-Sanctioned Exchanges Start Trading Venezuela’s Petro

Last February, news.Bitcoin.com first reported on the Venezuelan cryptocurrency the petro (PTR) launched by President Nicolas Maduro. Initially, many media reports assumed the digital currency might be phony or nonexistent. However, recent data from a few exchanges and from Venezuelans trading the asset on social media suggests the nation-state issued cryptocurrency is quite real and …

Bitcoin News

Israeli University Sues Professor for Zero-Knowledge Proofs Technology

A leading Israeli university is suing one of its own senior staff members for allegedly creating a zero-knowledge proofs technology company based on the intellectual property the professor developed while working for the institution. Also Read: Will Belarus Be the First Country With Nuclear-Powered Bitcoin Mining? The Technion Wants a Piece of Starkware The Technion …

Bitcoin News

Crypto Charity Airdrop Venezuela Raises $292K – Mostly in BCH

According to the founder of Airdrop Venezuela, the charity that aims to donate US$1 million worth of cryptocurrencies to Venezuelans, the nonprofit has registered 60,000 beneficiaries and raised $292,000 in donations so far. Moreover, bitcoin cash (BCH) has led the pack as far as the most donations are concerned with roughly 670 BCH ($194,900) gifted …

Bitcoin News

5 Major Indian Laws That Apply to Cryptocurrency

India has a number of laws that currently apply to cryptocurrency. A new Cambridge University report explains some of these laws. News.Bitcoin.com talked to one of the authors of the report to uncover more details. Meanwhile, the Indian government is currently finalizing regulations specific to crypto assets. Also read: Indian Supreme Court Postpones Crypto Case …

Bitcoin News

Markets Update: BCH and BNB Outperform Leading Crypto Assets

Despite the cryptocurrency markets appearing increasingly bullish, the leading crypto assets have posted mixed results in recent weeks. While BCH and LTC have made significant gains over BTC in recent months, ETH and XRP have lost value against BTC for much of 2019. Also Read: The Number of Crypto Exchanges Offering Margin Has Multiplied BTC …

Bitcoin News

Will Belarus Be the First Country With Nuclear-Powered Bitcoin Mining?

Cryptocurrency mining has lost some of its profitability during the prolonged bear market of the past year. However, not all investors are short-sighted. Belarus, for example, is not giving up on its intentions to develop the digital economy, of which the crypto space is a part of. Minsk thinks it has enough resources and soon …

Bitcoin News

The Tie Uses Sentiment Analysis to Gauge the Mood of the Markets

Predicting which way the crypto markets will move next is an art that even the most experienced chart-gazers struggle to master. Gaining an edge over your fellow traders calls for seeking out signals that the rest of the pack aren’t already monitoring. The Tie’s sentiment analysis service is one such weapon which, when used intelligently, …