Author: Lubomir Tassev

World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic

Bitcoin.com

The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure Read More

3 Debit Cards Nigerians Can Use to Spend Cryptocurrencies in Stores and Online – Bitcoin News

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Options to acquire cryptocurrencies in Nigeria have been growing in number, along with increasing interest in bitcoin. Nigerians are also starting to see more opportunities to spend their coins in brick and mortar stores and at online merchants. Three crypto Read More

Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic – Bitcoin News

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Transferring money over traditional channels may involve a lot of queuing in lines these days. Authorities around the world are trying to prevent large groups of people gathering in confined spaces to reduce the risk of transmitting the coronavirus infection. Read More

Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks – Bitcoin News

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Bitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized Read More

Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits – Bitcoin News

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Australian tax agents have set out to close a gap they say costs the state several billion dollars. Taxpayers who file various work-related claims and investment property deductions or declare income from sharing economy platforms such as Uber and Airbnb Read More

6 Crypto Websites Blocked by Russia’s Media Watchdog, Including News Outlet – Bitcoin News

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In what seems to be another episode in a long-running campaign, the Russian telecom regulator has restricted access to at least six websites posting content related to cryptocurrencies. Тhe forum section of Bits.media, a leading crypto news outlet, is among Read More

Nigerians Can Now Buy Bitcoin With Cash From Stores and ATMs That Take Naira – Bitcoin News

Bitcoin.com

If there’s a place where cryptocurrencies draw significantly more attention than anywhere else right now, it has to be Nigeria. Africa’s largest economy is driven by its oil exports, expanding manufacturing, financial services, communications and information technology sectors, but also Read More

Australia Crypto Merchant Trade Sets $74K Monthly Record With BCH Capturing 97% – Bitcoin News

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Cryptocurrency payments in Australia, which have been growing in volume in the past few years, have recently scored another record. Crypto-based merchant trade across the country reached almost $74,000 in February according to a new report. Bitcoin cash has by Read More

Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions – Bitcoin News

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The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest Read More

MTV Airs Only the Negative Parts of Crypto Youtuber ‘Ya Girl’ Rachel Siegel’s Bitcoin Analysis – Bitcoin News

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A new television series by MTV features arguably the channel’s first crypto personality. Rachel Siegel, a bitcoin advocate and proponent of mass adoption who’s behind the Youtube channel Crypto Finally, was invited to enrich the story of a $5 million Read More

Australian Court Accepts Cryptocurrency Exchange Account as Security for Legal Costs – Bitcoin News

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A court in Australia has agreed that a crypto exchange account can be used as security for potential legal expenses. Acknowledging the volatile nature of decentralized digital assets, the judge nevertheless conceded that cryptocurrency is a recognized form of investment Read More

Court Rejects Ripple’s Bid to Dismiss Class Action Lawsuit Filed by XRP Investors – Bitcoin News

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A court case that has the future of XRP at stake continues after Ripple’s motion to dismiss it was rejected by a court in California. The plaintiffs claim that the blockchain company sold the coin as an unregistered security and Read More

China Adopts Security Standards for Blockchain Applications in the Financial Sector – Bitcoin News

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Keeping the focus on blockchain development, banking authorities in China have issued a set of rules pertaining to the secure application of crypto-related technologies in the financial sphere. The new standards, the first of this kind, are to guide the Read More

Brave Challenges Google’s Advertising Power Before the UK Competition Watchdog – Bitcoin News

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The company behind the privacy-oriented browser Brave has set out to convince regulators in the U.K. to end Google’s advertising monopoly in the digital space. In a filing with the country’s Competition and Markets Authority (CMA), Brave puts forward recommendations Read More

In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix – Bitcoin News

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Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions Read More

Swiss Savers View Cryptocurrencies as Option, Now That Bank Accounts Don’t Save Them From Inflation – Bitcoin News

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Cryptocurrencies are gradually becoming a viable alternative for savers in Switzerland, according to a new poll. The Alpine nation’s crypto-friendly business climate and increasing regulatory clarity makes them a relatively easy addition to investors’ portfolios. Many Swiss people can afford Read More