Canada will be introducing some changes that will go in effect on April 1st 2022 where you will be required to provide information about the receipt of that transaction and that includes their name and address. This will only apply to those who are transacting more than 1000 CAD, no for small payments you will not have to provide any information. Coinbase and other cryptocurrency exchanges have already sent out messages about it to their users.Continue reading “Canadian Bitcoin users will have to provide recipient information to exchanges”
There is a known fact that Iran’s native currency has not been doing well from past few years. This is chiefly due to sanctions imposed on it. Central Bank of Iran has come up with a brilliant idea that will allow local businesses to make use of bitcoin and other cryptocurrencies to settle payments to foreign partners.
Binance has made an announcement stating that it has learnt about allegations of market manipulation made against the cryptocurrency exchange, and it wants to make their position regarding this critical subject matter clear.
FCA Japan has issued a warning to Binance cryptocurrency exchange, claiming it was engaged in cryptocurrency trading business without registration. This same warning has been issued to Bybit cryptocurrency exchange as well.
Blockchain wallet or blockchain.com wallet is most popular cryptocurrency wallet out there and recently it has rolled out numerous features such as ability to trade one cryptocurrency for another. They have also added ability to earn interest. This account is called Interest Account.
Square, the company behind twitter has issued a statement that it has acquired 3318 bitcoins for total of whopping 170 million dollars. These totals to around five percent of its total corporate cash that is total around 394 million dollars as of 31st December 2020.
Bitcoin POS is a new cryptocurrency launched by known Ponzi specialists from Germany. It is yet another cryptocurrency that uses bitcoin in its name to attract investors. While Bitcoin POS’ code is very much similar to OG Bitcoin, it makes use Proof of Stake consensus instead of Proof of Work like in case of real bitcoin.
It is time for Chinese bans bitcoin news. This news often comes every year where we talk about China banning bitcoin miners by either stop sending them electricity or putting them in jail.
Guggenheim is a $5 billion Macro Opportunities fund that wants Bitcoin exposure. On Friday, 27th November 2020, Guggenheim filed an SEC amendment allowing them to invest up to 10 percent of their fund in GBTC. GBTC is offered by Grayscale that allows any fund or company to hold bitcoin on their balance sheet without actually buying one.
On November 15, 2020 the Bitcoin Cash network is scheduled to have a hard fork. It’s likely the current blockchain will split into two: Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN). This hard fork may result in the creation of an additional token.