CRYPTOCURRENCY
Crypto News
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
New Zealand Permits Cryptocurrency Remunerations
New Zealand sets the precedent by being one of the first nations to permit salaries to be made in the form of cryptocurrencies.
Cryptoaddiction: The Uglier Side of Digital Currencies
Addiction is an ugly word, but it's an unfortunate reality for many people. Crypto has brought about a new type of addiction. This is an introspective look at what crypto addiction looks like, and advice on where to find help.
Facebook’s Libra Likened to 2008 Subprime Mortgage Fiasco
Senator Brown compared Facebook's Libra to the subprime mortgage scenario. His sentiments show the divided debate facing the Libra project.
UK Financial Conduct Authority: We Will Not Regulate Bitcoin and Ether
The British Financial Conduct Authority (FCA) has confirmed that they will not be regulating cryptocurrencies such as Bitcoin and Ether as it falls out of their perimeter.
India’s Crypto Bill Hearing Postponed by Supreme Court
The Indian supreme court has set a new date to hear the crypto case, which was originally scheduled for July 23. The purpose of the hearing was to address the writ petitions against the central bank’s crypto restriction.
Barred from Leaving China? Tron Founder Justin Sun Surfaces in San Francisco
Justin Sun was on the border control list by the Chinese government that can restrict him from travelling abroad due to alleged illegal fundraising, money laundering, gambling and involvement in pornography according to Caixin. However, on a live video broadcast on Justin Sun’s Twitter, he shows the Bay Bridge in the background, which meant he appeared to be in San Francisco.
Exclusive: What are Top 5 FinTech Career Advice for Graduates?
Prof. Aris Stouraitis presents how Master of Science in Finance (FinTech and Financial Analytics) offered by Hong Kong Baptist University strives to nurture interdisciplinary talents and he offers the top 5 career advice for graduates who wish to work in FinTech and blockchain industry!
Keep Big Tech out of Finance? Draft Bill Surfaced Ahead of Libra Hearings
The draft bill entitled “Keep Big Tech out of Finance” has appeared online ahead of Facebook’s hearing on 16 and 17 July. The bill is allegedly circulating among The United States House of Representatives Financial Services Committee, as revealed by media outlet The BLOCK on 13 July.
Donald Trump is “Not a Fan” of Bitcoin and Crypto, Citing High Volatility
“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money.” Donald Trump tweeted on 11 July.
The IRS Plans to Require Tech Giants to Provide Users Crypto Activity
The United States’ Internal Revenue Service (IRS) is allegedly planning to require corporate giants such as Apple, Google and Microsoft to provide the taxpayer’s download history of cryptocurrency applications, as revealed in the tweet and reportedly the presentation from IRS on 9 July.