Tag: Crypto

Venezuela Crypto Backed Currency To Be Launched In August
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Venezuela Crypto Backed Currency To Be Launched In August

The new crypto backed national currency will be in circulation from the 20th of August says Venezuela’s president Nicolás Maduro. The New National Currency To Have Fewer Zeros, Improve Ease Of Carrying And Count The president has announced that the current national currency, Bolívar, will be replaced by the new national currency (The Bolívar Soberano)…

$1.5 Billion Seized In Crypto Gambling Crackdown
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$1.5 Billion Seized In Crypto Gambling Crackdown

In their efforts to crackdown on illegal Crypto gambling related to the FIFA World Cup 2018, local authority officials in China have seized Cryptocurrencies in excess of $1.5 billion. Bitcoin, Ether, And Litecoin Accepted Xinhua, which is a media outlet run by the state, on July 11 stated that the local police force had become…

Binance To Register $1 Billion Net Profit In 2018, Says CEO
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Binance To Register $1 Billion Net Profit In 2018, Says CEO

Binance, which is the leading Crypto Exchange in trading volumes in the world, has announced it will be expecting a $1 billion net profit by the end of this year. The First Half Revenues The first half revenues for Binance have already been reported to be in the regions of $300 million, while the number…

Japan’s Finance Minister To Change Taxation On Crypto Income
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Japan’s Finance Minister To Change Taxation On Crypto Income

Taro Aso, Japan’s Minister of Finance and who is also the deputy Prime Minister, wants taxation on the Crypto economy revised and changed. Change In Classification Of Crypto Transactions Aso has voiced this opinion, at the Upper House Budget Committee meeting held today. He has also opined that the Crypto transactions be taxed as a…

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