Efforts by Spanish tax officials to identify cryptocurrency holders are beginning to pay off. After investigating several firms, the Treasury is looking to introduce a new cryptocurrency tax.
High market volatility last year, and especially the epic Bitcoin rally in December, became the reason for the US Department of Justice to investigate the activities of the Bitfinex crypto exchange and the Tether Ltd team.
Yesterday, the bears failed to push prices below key support levels. The minimums were set very close. Breakout attempts will resume today, but will they be successful?
Investing in cryptocurrency is very tempting, you can hope to hit the jackpot sooner or later. However, investors should remember that it is not enough to simply buy cryptocurrency and store it in a wallet. There is a high chance of losing everything if you don't store it properly. The main advice is to learn from other people's mistakes.
An unexpected fact about the cryptocurrency industry - despite the bearish market trend, business for digital asset lawyers is booming. Forty-five cryptocurrency-related lawsuits were filed in the first half of this year, according to research firm Diar.
According to the news publication Quartz, a working group tasked by India's finance minister to prepare regulations and recommendations regarding the blockchain industry and the activities of companies in the cryptocurrency sector is expected to unveil the bill next month.
The new project, known as Shark Pool, aims to destroy Bitcoin forks, flood their networks with empty blocks, collect mining rewards, and then convert them into Bitcoin Cash.
Last week, immediately after the Bitcoin Cash (BCH) hard fork, it was too early to say which fork would become dominant. Large exchanges have stopped trading Bitcoin Cash until the chain split is assessed by experts and, having divided the BCH balances into two new assets, took a wait-and-see approach.
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