The market bubble for virtual currencies is already deflating, but central banks should still pay attention to them as innovation can remain even if the market's early leaders have disappeared, European Central Bank board member Eaves Moersch said on Thursday.
At the beginning of this year, it became known that former Wall Street hedge fund manager Mark Novogratz announced his intentions to open a cryptocurrency trading bank with the loud name Galaxy Digital. Novogratz has already raised about $250 million for the project, according to a person familiar with the details of the deal.
Japanese regulators are going to check companies that engage in activities related to various virtual currencies. This decision was made after a major hacker attack on the Coincheck exchange. Regulators believe that increased scrutiny will force these companies to strengthen safety and consumer protection measures.
Prices for cryptocurrencies such as bitcoin may never stabilize, and digital tokens risk simply becoming the equivalent of a pyramid scheme.
The Indian Tax Department is looking for investors who do not pay taxes on profits from digital currency transactions.
Cryptocurrency in Australia is officially legalized after the Australian Taxation Office voiced its dissatisfaction that the budget is being bypassed by tax revenues from transactions with bitcoin.
Developers active in the cryptocurrency world always know what aspects of a particular coin need to be improved. Although Bitcoin Cash has come a long way in just six months, it can be improved even further. Thus, this year two interesting proposals were presented.
According to the Wirex blog, very soon owners of Bitcoin wallets will have access to a personal bank account.
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