According to a report by local news outlet BeITA, Belarusbank, the largest bank in Belarus, is considering the launch of its very own cryptocurrency exchange platform. The plans for the exchange were revealed by Viktor Ananich, the Chairman of Belrusbank’s board. Speaking with Belarus 1 TV channel, Ananich remarked: “We are considering a possibility to establish a cryptocurrency exchange. We are working on it.” For Belarusbank, Digitization is the Future The bank is looking to intensify its focus on digitization, and it is reportedly seeking ways to expand its range of services by forming alliances with various mobile service providers.
The Japanese government is seeking to impose measures aimed at preventing cryptocurrency traders and investors from evading taxes on the income generated from trading these assets. According to The Mainichi, the measures would see the country’s tax body, the National Tax Agency (NTA), empowered to demand that cryptocurrency exchanges provide information concerning clients who are … Continued
The post Japan to Force Crypto Exchanges ‘Tell on’ Suspected Tax Evaders appeared first on CCN
Jim Iuorio, the managing director of TJM Institutional Services believes tougher times await Bitcoin. Speaking to CNBC, Iuorio said Bitcoin was never worth $ 20,000, and the top-ranked cryptocurrency is headed down a slippery slope. Bitcoin is down almost 70 percent from its all-time high of $ 19,500 in mid-December 2017.
Bitcoin was Never Worth $ 20,000
According to Iuorio, Bitcoin was never worth $ 20,000:
There’s no question that it [Bitcoin] was a bubble at [sic] 20 grand.
Bitcoin now has over 40 hard forks resulting in spin-off tokens, new research reveals, while sentiment suggests most will suffer the fate of most historical altcoins.
Bitcoin’s ‘Moved On’ From Hard Forks
Being a ‘Bitcoin maximalist’ may not be as crazy as you think. In the latest installment of its market research, Hong Kong based trading platform BitMEX identified 42 struggling tokens, which “seem to have forked away from Bitcoin.”
All coming after the network’s first hard fork, Bitcoin Cash, the list includes many tokens which failed to make the headlines, such as Bitcoin Hot, Bitcoin Faith, and even Bitcoin Pizza.
Bitcoin investment platform Abra has announced that its users can now store cryptocurrency and fiat simultaneously.
CEO Hails Non-Custodial Wallet ‘Industry First’
CEO Bill Barhydt revealed the latest feature on Twitter today, in what he described as an “industry first for a non-custodial wallet.”
Abra customers now have access to three wallets for Bitcoin, Ethereum, and fiat respectively, with instant conversions between them also available, Barhydt added.
BREAKING NEWS: Abra now supports three wallets allowing you to hold Bitcoin, Ethereum and Fiat simultaneously. Instant exchanges between bitcoin, ether and fiat are also now live for everyone.