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The profits many make from cryptocurrency trading are currently eclipsing $10,000s for larger traders. Considering the significant part of many people income crypto trading has become, Japanese authorities have proposed increased powers to be given to the National Tax Agency to crack down on tax evaders. Currently the powers of the government remain limited as reforms only allow require who earn over 200,000 Yen a year via crypto trading are required to disclose their earnings…

With the United States midterm elections making headlines around the globe, the crypto community has had reason to join in the celebratory frenzy as three new crypto-friendly governors have emerged; with two other past governors also maintaining their seat. According to data made available by the Digital Asset Trade Association (DATA); a blockchain advocacy group which had sent surveys to most gubernatorial candidates in a bid to assess their blockchain-friendliness, results prove that three new…

Binance Uganda, the recently launched subsidiary of popular cryptocurrency exchange – Binance, has hit a milestone just few weeks after the October 24 opening of its first fiat-to-crypto subsidiary in Uganda, East Africa. Despite a general decrease in global cryptocurrency entrants this year due to waning coin prices, the nation of over 43 million seems to have nationals buzzing in the cryptocurrency sphere. This revelation is in contrast to fiat statistics which show that three…

The Korean Financial Services Commission has officially announced its stance on the relationship between crypto exchanges and banks. While previously many banks including the Korea Development Bank, Industrial Bank of Korea and the Shinhan bank moved to prevent crypto traders from creating bank accounts, the commissioner of the FSC has now announced all exchanges will face no issues when using and operating banking accounts. “There exists no issue in banks providing virtual bank accounts to…

Bitcoin Birthday- Today marks Ten years (Halloween 2008) when Satoshi Nakamoto published the famous white paper that gave birth to Bitcoin. On this day in 2008, the future of the financial system based on digital currency was drafted. Satoshi proposed a decentralized system and titled his white paper; “Bitcoin: A Peer-to-Peer Electronic Cash System”. In his paper, Satoshi remarked: I propose a purely Peer-to-Peer version of the electronic cash system which would allow online payments to…

China- The Chinese government and the People’s Bank of China has over the course of the past months maintained stiff regulations on Bitcoin and cryptocurrency related products; especially ICO’s. However in a much predicted turn of events as characteristic of the Asian big wig; the country’s high court (The Court of International Arbitration) has ruled in favour of Bitcoin and cryptocurrencies. This verdict by the Chinese court, was necessitated by a case brought to its attention,…

Visa, popular payment processor and credit card service company has through its CEO expressed its openness to support cryptocurrencies in due time. The CEO who made his stance known on CNBC’s Mad Money show; has his company look to follow the lead of fellow financial service provider MasterCard, but only when the crypto market size grows. According to the company’s CEO Al Kelly, the Visa brand will implement cypto-friendly systems in the future if the global…

Sony, the Japanese technology giant has announced its creation of a multi-application contactless cryptocurrency hardware wallet. According to developers at Sony Computer Science Labs (SCSL), the device will utilize IC smart card technology to communicate with Bitcoin (BTC) or other cryptocurrency networks. A basic plus to the Sony wallet is its ‘contactless’ feature. By this feature, Sony discarded the common crypto hardware USB to host device feature and launched a totally independent hardware wallet which…

Trezor, popular cryptocurrency hardware (physical) wallet has announced an upgrade to support in-wallet coin exchanges on its device. Prior to this time the Trezor Wallet and indeed most hardware wallets were solely for holding or storage of digital assets (cryptocurrencies). However, with this new feature added on Trezor Model T, users of its hardware wallet can now directly exchange one coin for another within the wallet interface. According to an official publication its page,…

Binance Uganda – Binance, a major international cryptocurrency exchange and the largest by trading volume of about $1.8 billion daily, has announced the launch of its fiat-to-crypto exchange situated in Uganda. The exchange (Binance Uganda) is a subsidiary of the company and its first fiat-to-crypto exchange. The new exchange boasts of a capacity to process an average 1.4 million transactions per second hence one of the fastest globally. Prior to this official launch, Binance Uganda had already…