The payments giant becomes the first to withdraw from Facebook’s controversial cryptocurrency project PayPal, the payment giant, becomes the first company to publically drop out of Facebook’s ‘Libra’ cryptocurrency project, in the midst of growing queries from international organizations and national regulators around the world. Despite the fact that it is perceived around Continue Reading
After the 26 European Central Banks’ controllers demanded Facebook will answer questions regarding their planned ‘Libra’ cryptocurrency, Singapore’s Central Bank calls for a global coordinated approach After a rocky start to its cryptocurrency launch, the last month seems to be the hardest one yet for the Facebook’s Libra currency. Earlier this month, the French Finance Continue Reading
French Finance Minister delivers about to Facebook’s cryptocurrency aspirations in the OECD cryptocurrency conference The OECD Cryptocurrency conference provided cryptocurrency fans around the world with a fair share of interesting speeches and news. The most interesting, and perhaps controversial, speech of them all, was the one delivered by French Finance Minister, Bruno Continue Reading
The encrypted chat application is set to launch its new cryptocurrency within 2 months. Telegram, the popular Russian encrypted messaging application, is set to enter the cryptocurrency market much sooner than previously anticipated by industry experts. Despite the legal obscurities surrounding the release of cryptocurrencies by media companies, highlighted by the public Continue Reading
The IRS sets its sights on more than 10,000 cryptocurrency users who failed to report income and pay their taxes. In late July the IRS began sending emails to over 10,000 taxpayers who may have ‘forgotten’ to report and pay income taxes for income received in cryptocurrency, in what is a change of attitude and […]Continue Reading
A ‘Too Good to Be True’ investment through a shady trader turns bad, leaving young couple broke and heartbroken. Nick Yeomans and his wife Josie thought they caught their big break. The couple’s Bitcoin investment garnered great returns, tripling in value in six months. But the trader they have invested their money with, coinexx.org, shattered […]Continue Reading