By CCN Markets: A gang in India’s Madhya Pradesh state which scammed U.S. citizens hundreds of thousands of dollars through Bitcoin and other methods has been busted and its members arrested. The gang which ran its operations out of a call center is estimated to have made around $ 1.7 million. According to the Business Standard, the gang consisted of 78 people who operated out of three call centers. The gang had reportedly obtained the social security numbers of around 100,000 U.S. citizens. They had also obtained cell phone numbers and other identifying information. Per the police, the duties of most
Taxpayers in Chile are reportedly going to have to pay taxes on cryptocurrency earnings this year, as the country’s Internal Revenue Service (Servicio de Impuestos Internos, SII) has included a section for cryptoassets in a form that has to be filled on taxpayers’ Annual Income Tax Returns. According to local media, last year the country’s
The post Chilean Citizens Will Begin Paying Cryptocurrency Taxes in 2019 appeared first on CCN
German blockchain startup Bitwala has launched crypto banking in Germany.
After securing €4 million (roughly $ 4.5 million) from VC firms Earlybird and Coparion in September of 2018 to develop a crypto banking solution, the company has allegedly amassed a waiting list of 30,000 potential users.
Bitwala’s new banking solution, which it claims was built to “close the gap between crypto and traditional banking,” was developed in partnership with local fintech startup SolarisBank, which has a banking license and is fully regulated by the German financial regulatory authority Federal Financial Supervisory Authority (BaFin) and the European Central Bank (ECB).
The Shenzhen Court of International Arbitration (SCIA) has recently affirmed that cryptocurrencies, specifically bitcoin and several of its hard forks, are considered legal property and Chinese citizens have a right to own and transfer them.
The SCIA recently published an analysis of a contract dispute over WeChat, describing the legal proceedings of a case in which one individual managed nearly $ 500,000 worth of crypto assets on behalf of another private individual. The manager then refused to return these assets after their client dealt with a third party.
Citizens Reserve is partnering with Blockdaemon to launch tools enabling rapid blockchain node deployment for its customers.
The post Majority of US citizens uncertain about “bitcoin”: research appeared first on CoinReport.
Forty-two lucky South Korean citizens are soon to undergo intensive training to become proficient in Blockchain technology, thereby setting them up for immediate employment within the country.
According to Kinews, a South Korean news service, the training is part of a wider $ 100 billion development strategy to help boost South Korea’s technology industry, specifically in the realm of distributed ledger technology. It is anticipated that this strategy will be rolled out over 10 years.
Amidst a mounting economic crisis, Venezuela’s oil-backed cryptocurrency the Petro is nowhere to be found. Numerous reports indicate an almost non-existent usage within the country.
‘Hard to Spot Almost Anywhere’
According to a report from Reuters dated August 30th, the Venezuelan town of Atapirire has not yet reaped the fruits of Venezuela’s oil-backed cryptocurrency efforts. The situation mirrors the case across much of Venezuela amidst a slew of financial troubles.
Reuters’ Brian Ellsworth noted the following:
Over the past few months, there has been an ongoing theoretical and ideological debate concerning the difference between mining nodes and non-mining nodes, and whether or not one set of nodes is more important than the other. The ongoing argument between BCH proponents and BTC supporters often leads to the node debate as to which group of nodes is stronger. The dispute has even led some BTC luminaries to state that users who don’t run a fully validating node are merely ‘second-class citizens’ in the land of cryptocurrency.
This week the U.S. Immigration and Customs Enforcement’s Homeland Security agency (ICE) has revealed that it is charging two Canadian brothers and the company Payza with illegal money transmission and money laundering charges tethered to cryptocurrency transactions.
Days after launching the world’s first ever state-issued cryptocurrency, the government of Venezuela has opened up a cryptocurrency school for its citizens — presumably to educate them on the glory of Petro.
According to reports, the government of Venezuela has opened the doors to a cryptocurrency training center at the Granja Laboratorio Petro School in Caracas — supposedly to educate interested citizens on how to buy, sell and mine cryptocurrencies, as well as illustrate the inner working of the cryptocurrency economy.
Venezuelan crypto teacher Carmen Salvador told Reuters on Friday:
The Venezuelan government has opened a school in the capital city to teach its citizens how to buy, sell, and mine cryptocurrencies, including courses on the nation’s oil-backed currency, the petro. Meanwhile, President Nicolas Maduro has approved resources for universities across the country to establish mining farms.
Crypto School in Caracas
The Venezuelan government has opened “a training centre to teach its citizens about cryptocurrencies” in its capital city, Caracas, Telesur TV reported on Saturday.
Well-known cryptocurrency traders have reacted with excitement to news decentralized cryptocurrency exchange Hodl Hodl has launched its public BETA.
Hodl Hodl Sets Price Of Avoiding KYC At 0.6%
The p2p platform, which offers traders decentralized exchange functionality for Bitcoin and Litecoin, announced its limited debut February 11.
“For now, we are opened in BETA-mode until July of 2018, which means a lot of new features are coming soon, with the main functionality of the exchange being ready and available for use now,” a blog post reads.
Hodl Hodl includes SegWit addresses as standard, lowering both the cost and time required to send Bitcoin transactions.