According to a report from CNBC TV18 India, the nation’s government plans to reclassify cryptocurrency exchanges as e-commerce platforms, which will reduce the Goods and Services Taxes (GST) users must pay per transaction, or per trade, to 1%. Currently, the Indian Government levies an 18% GST on transactions conducted on registered cryptocurrency exchanges, which is passed to users as trading…
Bitcoin was made legal tender in El Salvador earlier this year on September 7, requiring all businesses to accept BTC as payment. But even with President Nayib Bukele’s mandate, many businesses have yet to adopt the needed technology to accept bitcoin for their products and services. Bitrefill aims to help in fixing this by offering a service that allows El…
Phil Spencer, Microsoft’s head of gaming, commented on his skepticism towards nonfungible tokens, or NFTs, in an interview with Axios: “What I’d say today on NFT, all up, is I think there’s a lot of speculation and experimentation that’s happening, and that some of the creative that I see today feels more exploitive than about entertainment.” As head executive of…
With over 700 attendees from over 30 countries at this conference, the energy is electric as Lightning is powering El Salvador’s move from little-known country to Bitcoiners’ top destination. As Bitcoin culture is bigger and broader than ever before, there are a dizzying number of people who have contributed heavily to the space here. Walking through the crowded Centro de…
press release PRESS RELEASE. Moledao, a social platform for blockchain enthusiasts, announced today its upcoming Web 3.0 Hackathon. This pioneering global hackathon will be held in the metaverse, and take place from 15th November 2021 to 9th January 2022. Web 3.0 is the vision for the next internet generation that is decentralized, verifiable and secure. Participants are invited to work…
As reported by The Globe and Mail, Fidelity Clearing Canada received approval from the Investment Industry Regulatory Organization of Canada on Wednesday to launch a Bitcoin (BTC) trading and custody platform. It is designed for use by institutional investors — such as pension funds, portfolio managers and mutual funds — and would be a first-of-a-kind service in the country. The…
In brief In October, Coinbase proposed a new digital asset regulator. Robinhood’s Dan Gallagher explained why he doesn’t think it will work. A month ago, U.S.-based exchange Coinbase proposed what it saw as the ideal solution for crypto’s regulatory problem: a new federal regulatory body. Dan Gallagher, the chief legal officer of Coinbase rival Robinhood, thinks that’s a non-starter. “It’s…
As a video producer during the past 15 years, I’ve always been passionate about helping people tell their stories. From producing Bravo TV reality shows to crafting documentaries, I’ve been behind the camera for it all. I’ve seen firsthand how personal stories bring us together, and help us feel connected, even in a sometimes very disconnected-feeling world. With the growth…
Financial technology (fintech) has exploded during the last two years and cryptocurrency and blockchain firms have bolstered the billion-dollar industry. A recently published study by Utility Bidder indicates that the industry is predicted to surpass $382 billion by 2027. Moreover, fintech firms that are blockchain-specific are projected to be worth over $67.4 billion by 2027. The recent study also highlights…
Bitcoin (BTC) bulls were euphoric when the price soared to $69,000 on Nov. 10 because the 14.5% gain accumulated over five days meant they were in for a $715 million profit on Nov. 12’s options expiry. However, the 9% negative price move on Nov. 16 caught bulls by surprise, especially since most of the call (buy) options for Nov. 19…
