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If you are interested in using an ATM to quickly cash out or buy Bitcoins, there are several ways in which you can execute BTC transactions, but one of the fastest is by using an ATM. In today’s guide, we will be explaining how to use a Bitcoin ATM. What Is a Bitcoin ATM and [...]
The government of South Korea has made it official that crypto profits are not taxable according to the country’s current tax law. The decision comes only less than a month after the country announced that it would levy taxes on profits derived from crypto assets. Crypto Profits Not Taxable in South Korea Through its Ministry [...]
Currently, Ethereum mining is still a lucrative business, as you can mine ETH using a GPU rig. To make even more profit, you can join an Ethereum mining pool to divide the workload. Criteria for Selecting a Mining Pool There are certain factors you should look into first before you choose any mining pool: Fees: [...]
The Federal Government has put in motion plans to make sure that cryptocurrency rules are strictly enforced and followed, in a move similar to the standards recommended by the FATF (Financial Action Task Force). According to reliable sources, the Financial Crimes Enforcement Network (FinCEN) also reaffirmed that all its travel-related rules applied to the use [...]
China’s microblogging platform Weibo, popularly known as “The Twitter of China” has blocked the accounts of both Binance and Tron in what is believed to be a renewed attack on crypto-related businesses. Renewed Onslaught According to reports on the crackdown, the administration in China under the leadership of President Xi Jinping appears to have a [...]
MasterCard has announced its new "FinTech Express," which targets the Asia-Pacific region. During the Singapore FinTech Festival, MasterCard Asia Pacific Co-President, Ari Sarker, had an interview with Bloomberg in which he discussed the new platform. The official also touched on MasterCard’s withdrawal from the Libra Association. According to Sarker, the FinTech Express initiative is meant [...]
The criminal wing of the Internal Revenue Service (IRS) announced that it identified "dozens" of potential crypto criminals after its meeting with tax officials from other countries. The meeting involved tax authorities from various countries, including the U.S., the U.K., Canada, Australia, and the Netherlands under the umbrella of the Joint Chiefs of Global Tax [...]
Synthetix—the Ethereum-powered decentralized finance (DeFi) project has raised USD$3.8 million in new funding. According to the announcement made on Monday, October 28, 2019, Synthetix revealed that Framework Ventures has backed its operations by purchasing 5 million Synth (SNX) tokens. Framework Ventures, which comprises a team of technologists, researchers, and investors dealing in open crypto networks, [...]
The Decentralized Finance (DeFi) portal, InstaDApp, has generated $2.4 million in a seed round that attracted a batch of high-profile strategic investors. Notable investors that participated in the round included IDEO CoLab, Pantera Capital, and Robot Ventures. Compound Finance’s Robert Leshner led the investors. In addition, the seed round also attracted some thought leaders in [...]
Almost anyone who’s ever heard of Bitcoin has also heard about the mining process through which Bitcoins are created. Not everyone knows that Bitcoin mining was possible by just using a simple home computer. As years went by and Bitcoin’s mining difficulty increased, mining with simple computers was no longer possible. The transition was from [...]