Crypto adoption still stunted by lack of technical literacy
Confusion around crypto storage, regulations, and other factors tech-savvy people take for granted could be keeping average users on the sidelines and away from the technology.
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Russian Orthodox Church will not accept Bitcoin in offering plate
A church spokesperson said it was also unlikely the church would release its own digital currency. 2760 Total views 13 Total shares With roughly 100 million members, the church representing the dominant religion in Russia has no plans to accept cryptocurrency donations or offerings.According to a Q&A streamed on YouTube by Jesus Portal, the chairman…
Indian PM calls for cryptocurrencies to ’empower’ democracy at global summit
Narendra Modi also called for a global standard on cryptocurrencies and major social media platforms in an effort to facilitate free and fair elections and governance. Cryptocurrency made an appearance at a global online summit for world leaders in a speech from Indian Prime Minister Narendra Modi.At Friday’s events for the Summit for Democracy hosted…
Catalonia Announces Decentralized ID System the Govt Won’t Control
Catalonia's government has unveiled IdentiCAT, a decentralized identity system.President Quim Torra and Minister of Digital Policies and Administration Jordi Puigneró announced the project on Sept. 7, local media outlet VilaWeb reported. Notably, the government says it will not have access to citizens' data.Privacy protectionThe bidding for system development — which is expected to be completed by 2020…
US IRS Releases Guidance on Crypto Airdrops and Hard Forks
The United States' federal tax service has issued guidelines for tax reporting regarding cryptocurrency airdrops and hard forks.In an announcement on Oct. 9, the U.S. Internal Revenue Service (IRS) announced the issuance of Revenue Ruling 2019-24, which addresses common questions of taxpayers and practitioners regarding crypto hard forks and airdrops. The guidance also answers questions regarding…
3 reasons why Lido DAO Token could be on the verge of breaking its downtrend
Ethereum (ETH) and decentralized finance (DeFi) are undergoing a seismic shift as the transition to Eth2 and a proof-of-stake consensus mechanism is helping to increase the value proposition for the network which has historically has been plagued with scaling issues and high transaction costs. Alongside this transition has been the introduction of liquid staking, which is…
BitMEX CEO Arthur Hayes Says Bitcoin Will Test $10,000 in 2019
Arthur Hayes, co-founder and CEO of cryptocurrency trading platform BitMEX, has predicted that Bitcoin (BTC) will get back to the $10,000 price point this year. Hayes shared his predictions in a newsletter published on March 22.According to Hayes, the market recovery will begin in early fourth quarter of 2019. Hayes said:“The 2019 chop will be…
Self-Service Platform Issues Security Tokens Backed by Real-World Assets
Tokenizer is putting the tools to turn real-world assets into security tokens within the hands of the everyman. 1360 Total views 9 Total shares Tokenizer is a new self-service platform launching July 29 which provides a fully compliant blockchain issuance solution for asset-backed security tokens.This will allow businesses and individuals to tokenize their assets with…
Hungary’s central bank chief wants EU-wide crypto trading and mining ban
Governor György Matolcsy reciprocated the need for a crypto ban, currently imposed by China and proposed by Russia's central bank. 110 Total views 4 Total shares György Matolcsy, Governor of the Hungarian National Bank, has proposed a blanket ban on all cryptocurrency trading and mining operations across the European Union. Governor Matolcsy cited the recent crypto…