The Swiss National Bank (SNB) has teamed up with the Bank for International Settlements (BIS) and exchange platform SIX Digital Exchange (SDX) to develop a Blockchain-backed digital currency. In a recent press release dated 8th October 2019, Switzerland’s central bank revealed that it had signed a deal with BIS to start an innovation center for…

For years, the tax situation associated with owning and using digital currencies has been unclear, due to the lack of standardization, alongside the existence of unclear and incomplete taxation policies. This situation is applicable throughout the world, yet states are slowly solidifying their taxation frameworks, to account for cryptocurrencies as well. There is an entire…

Last month Ethereum completed a major upgrade, moving the platform one step closer to Ethereum 2.0 and final status. Named Istanbul, the upgrade took place via a hard fork, and appears to have had no major complications. This progress has only served to strengthen Etherum’s position as the top altcoin and second most valuable cryptocurrency.…

At this point in time, there are several countries with a stricter economy, which impose currency controls in an effort to limit the amount of capital that is sent outside the nation. Understanding currency controls South Africa is one of these countries, given the fact that citizens are limited to being able to send 1 million rand…

Earlier this month, security firm Promon announced the discovery of a dangerous piece of Android malware that has infected devices across the globe. This malicious piece of software could cause victims to lose personal data, including keys and passwords to crypto wallets. Such security threats are, unfortunately, not new to the crypto space and their…

Europe has always been a hot spot of crypto activity, and now a number of European states may finally be ready to recognize the legitimacy of blockchain technology and begin regulating cryptocurrencies. Germany has become the latest European nation to take this step, as a bill enabling banks to enter the crypto space has passed…

The Internal Revenue Service (IRS) recently released instructions for computing taxes involving crypto assets. The digital market has been waiting for this report since May 2019 after the Revenue’s chief Chuck Rettig hinted at an update to the existing regulations. In April 2019, some members of Congress wrote to Rettig seeking clarification regarding crypto reporting…

Over the last couple of years, the popularity of blockchain technology has increased considerably, thanks to its numerous advantages over traditional systems. For a while, governments, private companies, digital currency projects, financial institutions and numerous other entities have actively researched the opportunities associated with blockchain. At this point in time, the technology is ready for…

Over the last couple of years, governments and central banks throughout the world have been actively researching the opportunities and potential drawbacks of releasing central bank-based digital currencies. So far, China, Uruguay and Sweden are getting close to the official release of their CBDCs. Recent developments in the global payments market have encouraged other central…

There is no shortage of cryptocurrencies challenging Bitcoin’s hegemony, yet Nano stands out among them due to its unique architecture and function. Although it is far from the most valuable of Bitcoin’s rivals, there is no doubt that it has the potential to become a dominant player in the crypto space. As altcoins continue to…