Category Archives: newsbtc.com

Japan’s Tax Committee Looks to Simplify Cryptocurrency Gains Reporting

Japan’s Tax Investigation Committee, an advisory body of the government, is looking to simplify its tax filling system as confusion has led to poor reporting of profits with digital currencies in the country. Japan Lawmakers Discuss Ways to Simplify Tax Returns of Cryptocurrency Gains At a meeting held on Wednesday, members of the taxation committee spoke before the… Read More »

Mike Novogratz Clarifies Anti-Tether Comments, Wants FUD Stopped

The dismissal market performance of so-called stablecoin Tether should not be the reason to spread FUD against it, clarified Mike Novogratz in his tweet.The billionaire Bitcoin bull, who recently criticized USDT for misbalancing its dollar-peg, later said that he believes Tether has every dollar for every USDT. However, he retained his criticism over Tether not being transparent to… Read More »

Bitcoin Congestion Reaches 95%; Fees Remain Relatively Low

Bitcoin blocks experienced up to 95 percent congestion this month, but it didn’t impact its transaction fees, which remain at around $0.1Cryptocurrency analyst Willy Woo published a graph to demonstrate a stark comparison between BTC transaction fees in two separate congestion episodes. The first case was from 2017, the year that witnessed Bitcoin congestion topping up to 85… Read More »

Cryptocurrency Market Update: A New Brave Browser Boosts BAT

FOMO MomentsAnother flat Saturday as markets are stagnant; Only BAT and DGTX heading higher.The weekend has brought no joy to crypto markets which have remained immobile for the past few days. The slow downward slide seems to have halted just below $210 billion market capitalization where things remain for another day.Bitcoin is at the exact same place it… Read More »

Monero Price Analysis: Price Stable, XMR is Bullish above $100

36 hours after hard forking and Monero buyers are yet to confirm Oct 15 gains. If anything, there seems to be resistance for upsides and this is negative for bulls. Anyhow, we suggest aggressive buyers to load at spot prices with stops at $190 while risk-averse traders should be on the side lines until there are gains above… Read More »

Altcoins Price Analysis: Coins Ready to Rally as ADA, Stellar, Litecoin Reject Bears

While Litecoin might be a “relic” according to Tushar Jain, their developers are ready to slash transaction costs by a factor of 10 once Litecoin core 0.17 goes live. The release date is tentative but what we know for sure is that EOS trade volume are roughly five percent that of Ethereum. Besides, it’s prone to congestion all… Read More »

SEC Establishes FinHub to Engage Public on Cryptocurrencies

The U.S. Securities and Exchange Commission (SEC) has announced the launch of the Strategic Hub for Innovation and Financial Technology (FinHub) to promote public engagement on fintech-related issues and initiatives, including blockchain technology and cryptocurrencies.SEC Launches FinHub Portal in Connection with the Issuance of Its DAO ReportFinHub, which replaces several internal working groups at the SEC, includes other areas… Read More »

Global Money Laundering Watchdog to Establish Crypto-Focused Guidelines by June

The global entity responsible for setting international money laundering guidelines is finally ready to lay the foundation for its first crypto-specific set of rules by June 2018.FATF Readies Global Crypto Regulation on Money LaunderingParis, France-based money laundering watchdog, Financial Action Task Force (FATF), has seen increasing pressure from global governments to unify regulation of the cryptocurrency industry under… Read More »

CEO of Sberbank: Crypto and Blockchain Will Change the World but Not Yet

The CEO of the Russian state-owned financial service provider Sberbank has stated that cryptocurrency and blockchain technology will fundamentally transform business and finance. That said, Herman Gref is looking at a time span of decades rather than months or years.Herman Gref with Refreshing Take on CryptocurrencyAccording to a report in local news, the CEO of Sberbank thinks that… Read More »