The ruling is a setback for crypto entrepreneur Noam Copel, who will now have to pay tax on $830,000 in profits he made by selling bitcoin. An Israeli judge has ruled that bitcoin (BTC) is an asset and not a currency, local news site Globes reported on May 21. The judgment is significant because it means profits…
Bitcoin Falls Under $7,900 as US Stock Market Sees Minor Uptrend
Most of the top 20 cryptocurrencies are reporting moderate losses on the day as bitcoin falls under the $7,900 mark again. Wednesday, May 22 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) falls under the $7,900 mark again. Market visualization courtesy of Coin360…
May to Become Strongest Month for CME’s Bitcoin Futures Trading: Report
The Chicago Mercantile Exchange reportedly said that the scale of bitcoin futures trading has continued to hit new highs in May. CME Group, the second global exchange to list bitcoin (BTC) futures, is about to record the biggest trading month for BTC futures trading, industry news outlet The Block reports May 21. The publication has…
2 Chinese OTC Traders Accused of Illicitly Raising Bitcoin by Promising Interest
Two Chinese over-the-counter traders have been accused of running an illicit bitcoin loan scheme. Two Chinese over-the-counter (OTC) traders have been accused of running an illicit bitcoin (BTC) loan scheme and collecting bitcoin by promising interest on deposits, Chinese newspaper The Beijing News reports on May 22. According to the article, Yi Zhou and Xiang…
Git VS GitHub: What’s the Difference?
Programming is widely known and accepted as one of the best possible career paths, both when it comes to the salary and the actual stability of the job. Given that, it’s actually one of the most popular career choices when it comes to the field of IT. What makes the programmers job a bit easier…
Blockchain Credit Union Consortium to Use R3’s Corda for Cross-Border Payments Product
CULedger, a blockchain consortium and credit union service organization, has chosen R3’s Corda blockchain. CULedger, a blockchain consortium and credit union service organization (CUSO), has chosen enterprise software firm R3’s Corda blockchain to underpin its forthcoming cross-border payments product. The news was reported by fintech news outlet Finextra on May 21. As reported, CULedger joined…
Japan: Crypto Exchanges See Threefold Increase in New Accounts Since March
The sudden onset of a new cryptocurrency bull market saw an immediate change in consumer interests, say three platforms. Japanese cryptocurrency exchanges have seen new account openings increase up to 200% in the past two months, Cointelegraph Japan reported on May 22. Data obtained from three major trading platforms — Bitpoint, DMM Bitcoin and Coincheck…
Royalty Interests for Beyoncé and the Weeknd Songs Sell Out on Blockchain Music Rights App – Blokt
Royalty Interests for Beyoncé and the Weeknd Songs Sell Out on Blockchain Music Rights App Blokt The Royalty Interests on songs by The Weeknd and Beyoncé were sold on Vezt, the world’s first blockchain-based music rights app. Source: New Google Blockchain
EOS Developer Block.One Attempts 10% Private Buyback of Its Stock
EOS developer Block.one is offering backers a share repurchase price that will return as much as 6,567% on their initial investments. EOS developer Block.one is attempting a 10% buyback of its stock, offering backers a share repurchase price that will return as much as 6,567% on their initial investments. The news was reported by Bloomberg…
Brazil Shuts Down Cryptocurrency Pyramid Scheme That Defrauded 55,000 of $200 Million
Figures linked to Indeal took in huge amounts of clients’ money after promising 15% returns within a month, say authorities. Brazillian police have arrested ten people suspected of operating a cryptocurrency pyramid scheme worth 850 million reals ($210 million), local news media outlets including Correido Do Povo reported on May 21. As part of Operation…