Hodl, a cryptocurrency exchange platform based in Estonia, has reported a security breach on its platform. A hacker may have gained access to Hodl’s API keys and passwords and cryptocurrency funds on the platform and transferred them to their personal addresses. The company is currently investigating the issue. Hodl has disabled its website shortly after … Read more
Robert Kiyosaki, the world’s most famous investor and adviser on money matters, believes that crypto will rise in the coming months due to rising interest rates and a weakening US dollar. Kiyosaki made this prediction on Twitter, with his words being picked up by major news outlets such as CNBC. Kiyosaki has seen his predictions … Read more
A tax on digital currency transactions has been suggested in a bill being considered within the US. This piece examines the possible ramifications of such a tax. It discusses the current state of crypto taxation around the world. With more and more businesses accepting cryptos, it’s likely that a transaction-based tax will become increasingly more … Read more
Bitcoin has been dubbed “rat poison” by business legend Charlie Munger. It has the potential to create “world peace,” according to Twitter and Square CEO Jack Dorsey. Gary Gensler, the chairman of the SEC, has an opinion on the matter. Let’s go with “rat peace,” which is somewhere in the centre. Wall Street’s top cop … Read more
COVID devastated a majority of people, economies and governments worldwide, barring a lucky few COVID was the boom they had never seen. These companies albeit a few really raked it in with people unable to physically do anything other than shop online or simply browse. To name a few, companies like Amazon, Citrix, Zoom, Pinterest, … Read more
So in the last two days, Bitcoin has attempted to try and breach the 40K mark. And it did, but unfortunately was not able to sustain it. Bitcoin along with other crypto currencies has been struggling the last couple of weeks. A standard brought about to challenge the fundamentals of the existing Government promoted banking … Read more
Crashing cryptocurrencies seem to be continuing. Late Monday night, the price of bitcoin fell below $30,000 for the first time in nearly a month, dragging other digital currencies down with it. According to Coin Metrics, bitcoin is currently trading around the $29,000 area, down approximately 3% on the day. Ether is down 1.25 percent, while … Read more
As worldwide monitoring of the rapidly expanding industry increases, an increasing number of crypto asset companies are abandoning efforts to register with the UK’s financial authority. On Friday, the Financial Conduct Authority (FCA) barred Binance, one of the world’s largest cryptocurrency exchanges, from performing any regulated activity in the United Kingdom, as authorities across the … Read more
Bogotá, the capital of Colombia is funding blockchain development as part of the city’s broader investment in innovative technologies. According to an announcement made on Monday on the city of Bogotá’s official website, the municipal government will provide 8.8 billion Colombian pesos ($2.3 million) to local companies as part of four new programs in the city’s Innovation, … Read more
Banco de Bogotá, one of Colombia’s biggest banks, will test crypto services as part of a regulatory sandbox experiment. Banco de Bogotá, Colombia’s oldest commercial bank, is allegedly looking into cryptocurrency-related services. As reported by the local news agency Portfolio, Banco de Bogotá said Monday that it would join in a pilot project led by … Read more