Last Sunday, the Iranian government, according to the Mehr news agency, at a meeting under the leadership of the country's president Hassan Rouhani decided to consider mining mining cryptocurrency to be a separate legal industry. Thus, according to the new law, anyone in Iran will be able to legally engage in the mining of cryptocurrencies, having received for this a special license from the Ministry of Industry, Mines and Trade. Such activities are taxable. At the same time, miners who will sell cryptocurrency abroad, deducting part of the proceeds to the state, will be able to count on certain benefits,…
Author: BlockchainJournal
The provider of the popular cryptocurrency wallet Blockchain announced the launch of its own trading platform PIT. 1 / The secret is finally out launch We're launching the PIT (come find us at https://t.co/egT1Ca3BfU or @BlockchainPIT on Twitter and Instagram) pic.twitter.com/ EObq2CmSgP – Blockchain (@blockchain) July 30, 2019 Registration for the new platform should open in […]
One of the most important features of Ethereum 2.0, which will be introduced in 2020, will be the operation of this network based on the Proof-of-Stake algorithm. The stacking will perform the same function as mining in Ethereum 1.0, and it will give the owners of the broadcast (ETH) the opportunity to profit from their investments. Steaking will have a number of advantages over conventional mining (Proof-of-Work) : this is energy efficiency and a reduction in the inflation rate of this cryptocurrency. In general, stacking should be more secure and decentralized than regular mining (although there is something to argue…
The price of Bitcoin on Saturday fell by 8% and skeptics immediately appeared to say – "the rally is over." Nevertheless, many analysts are optimistic, writes Cryptobtcmining.com . To date, the main cryptocurrency has decreased by 32% compared with the maximum of 2019 ($ 13,739) and most of the short-term forecasts remain bearish. Over the past two weeks, Bitcoin has formed two peaks at $ 13,739 and $ 13,177, and then dropped to about $ 9,600. Most traders expect that the price of bitcoin will be adjusted to Fibonacci levels of 61.8% and 50%, which is near the gap of…
More and more representatives of the traditional financial market are interested in the possibility of investing in cryptocurrency, both directly and through funds . This interest is due not only to the impressive profitability of long-term investments in cryptocurrencies, but also to the extremely low correlation of Bitcoin with other classes of assets, which opens up broad opportunities for diversifying investment portfolios. So, the bitcoin portfolio of the legendary investor William Miller in the first half of 2019 grew by 46% . In addition to the first cryptocurrency, the hedge fund MVP 1 includes shares of Amazon, ADT and Avon…
On July 29, Joel Cohen, a judge at the New York State Supreme Court, decided not to make a final decision in the case of the State Attorney’s Office (NYAG) against the Bitfinex exchange. This means that at least one more meeting will take place, and the court will continue to consider the case for the next 90 days, reports The Block. So, in April, the prosecutor's office has made prescriptions against companies Bitfinex and Tether, […]
The oldest cryptocurrency exchange Bitstamp has entered into an agreement with a broker BCB Group. This will allow the site to take deposits and provide withdrawals in British pounds (GBP). STERLING: Making moves in the UK! We'll be bringing in sooner cooperation with @BCBcrypto. Read more: https://t.co/j8W4hVi0Mc pic.twitter.com/0MmcwlZwJh – Bitstamp (@Bitstamp) July 29, 2019 So, representatives of the exchange […]
The anonymous use of online wallets in Russia is becoming a thing of the past: the corresponding bill has been passed by the Federation Council. Thus, payments in runet can no longer be anonymous. The bill provides for a complete ban on the replenishment of online wallets in cash without verification. If earlier it was possible to throw money on such wallets through the terminals and offices of cellular communication, then after the law came into force this possibility would disappear. The changes will affect such popular wallets as Qiwi, Yandex.Money, WebMoney, PayPal and others. As soon as the law…
Greek billionaire and television director Alciades David (Alkiviades David) and his Swiss consortium launched a cannabis-supported SWX Coin token. According to a press release , the token will be managed by a consortium created by Swissx Bank of Cannabis, headquartered in Gstaad (Switzerland) and the so-called Caribbean country. It is reported that the token is based on the bitcoin blockchain and its price is tied to the “median global price of the premium hemp flower”. Initially, the coin will be used to pay remuneration to farmers-members of the Swissx Hemp Farmers cooperative for growing cannabis. They will be able to…
On Saturday, the BTC rate dropped another 8%, some skeptics immediately declared that the promising rally was over. Many analysts, however, remain calm and still hope that the cost of Bitcoin will still rise to a new price high. Currently, most of the short-term forecasts for the BTC-price remain bearish. In 2019, Bitcoin set a new annual price high of $ 13,739. So, we can say that the rate has fallen off by 33%. Despite the bearish short-term forecasts, which suggest that the cryptocurrency will trade for some time around $ 7,500- $ 8,500, analysts believe that in the long…