CRYPTOMARKET
  • Bank of America Files Patent for Cryptocurrency Custody System

    The Bank of America Corporation has filed with the U.S. Patent and Trademarks Office for a secure means for the storage and custody of cryptocurrencies. The filing describes a system for recording and storing data pertaining to cryptocurrency transactions designed for enterprises. Bank of America, the second largest banking institution in the United States, has […]
  • New CNBC Documentary Explores the Cultism of Bitcoin

    To outsiders, Bitcoin is a weird and wacky cult. Its devotees adhere to their own acronym-filled jargon, and have monetary theories that would make an economist blanch. Some of the movement’s more maverick characters are to be profiled in a CNBC documentary premiering this Monday. “Bitcoin: Boom or Bust” looks to be crass and compelling […]
  • Coinbase Cryptocurrency Index Fund Investment

    Coinbase has opened up its index fund for accredited US investors, giving them exposure to all cryptocurrencies listed on its exchange GDAX. The company is now working on “launching more funds which are accessible to all investors and cover a broader range of digital assets.” Coinbase Index Fund Launched Coinbase, one of the largest cryptocurrency […]
  • Bitcoin in Brief Thursday: Crypto Winter Is Almost Over

    Could this year’s crypto winter be nearing an end? That’s the opinion of some experts, and while bullish predictions are easy to come by, there are signs that a thaw could be underway. In today’s Bitcoin in Brief, we examine the market forecast for the weeks ahead. Bears Abate While Bulls Congregate While market uncertainty […]
  • Research Paper Declares Bitcoin Compliant With Shariah Law

    Bitcoin and cryptocurrencies are intriguing because they are very different from the traditional financial systems we use today. One particular subject people have pondered is whether or not bitcoin complies with the religious law that forms a part of Islamic tradition — otherwise known as Shariah Law. This week a microfinance firm based in Indonesia, Blossom Finance, […]
  • Crypto Still Tax Free in Korea but Regulators Have Set Timeframe for Taxation

    Cryptocurrency transactions are still tax-free in South Korea due to a lack of tax regulations. As the law stands, citizens are able to profit millions of won from cryptocurrencies without being required to pay taxes on them. However, the regulators have set a tentative timeframe for the introduction of the crypto tax law. Still No […]
  • Subsidiary Of Russian State-Owned Bank May Conduct Cryptocurrency Pilot

    A board member with Gazprombank has revealed that the financial institution could run a cryptocurrency-related pilot in Switzerland through a local subsidiary there. According to reports from Russian media, the state-owned Gazprombank, which was founded by the majority state-owned oil giant Gazprom, might conduct a small cryptocurrency pilot in Switzerland through a subsidiary later this […]
  • Russians Owe 13% Tax on Their Crypto Incomes

    Russian citizens are expected to pay 13 percent tax on their crypto-related incomes. Amendments to the tax code are currently being prepared. The exact rates should be confirmed by the end of the year. However, lawyers have warned that even now citizens risk criminal prosecution if they fail to report gains from dealings with cryptocurrencies. […]
  • Markets Update: Cryptocurrencies Lose Over 20 Percent This Week

    The market value of all cryptocurrencies within the digital asset economy has dropped significantly over the past few days. Since last year’s all-time high, most cryptocurrencies have lost between 60-70% of those gains. While lots of coins are following suit in relative unison with BTC/USD market losses, some digital currencies have received more severe cuts […]
  • PBOC to Strengthen Cryptocurrency Regulations in 2018

    The People’s Bank of China (PBOC)’s Institute of International Finance has released a report identifying cryptocurrencies as a top priority for 2018. The document claims that widespread retail investment into cryptocurrencies has the potential to pose systemic risk to the Yuan, and also emphasizes the PBOC’s intention to expand its research and development into cryptocurrencies. […]
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