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Showing posts with the label April 08

If you traded crypto on Coinbase, the IRS might be coming for you

Tax day in the US is on April 17—and if you made some money off bitcoin, ethereum, or another cryptocurrency , you need to declare your wallet. In the past, the IRS has mainly relied on the honor system for people to report their crypto earnings—but honesty and taxes have not traditionally been ... from Google Alert - cryptocurrency https://ift.tt/2qgkg4p via IFTTT https://ift.tt/eA8V8J

Dubai-based firm issues gold-backed cryptocurrency to draw Muslim investors

In Malaysia, HelloGold launched an initial offer of its gold-backed cryptocurrency in October, receiving approval from Islamic scholars at Kuala Lumpur-based Amanie Advisors. Manuel Ho, HelloGold's chief marketing officer, said its coin was Islamic as transactions occurred within a defined period, ... from Google Alert - cryptocurrency https://ift.tt/2H5HpjH via IFTTT https://ift.tt/eA8V8J

Following India: Pakistani banks banned from Cryptocurrency Transactions

The Reserve Bank of India, which is India's apex bank, announced on Friday that public sector and private sector banks and financial companies operating in the country under the ambit of the RBI are prohibited to have any links with any individuals or companies dealing with cryptocurrencies, causing a ... from Google Alert - cryptocurrency https://ift.tt/2EvdRGT via IFTTT https://ift.tt/eA8V8J

United Arab Emirates: OneGram, Gold-Backed Cryptocurrency That Complies With Sharia Law

This is because Sharia principles, in addition to not permitting interest payments, emphasize real economic activity based on physical assets, not speculation. In attempts to sway the debate, cryptocurrency startups are looking to launch instruments backed by physical assets and thereby certified as valid ... from Google Alert - cryptocurrency https://ift.tt/2GH0wBo via IFTTT https://ift.tt/eA8V8J

Investors are walking away from a deal that might involve a $375 million cryptocurrency fundraise ...

CNBC reported in March that Chimera, a foreign entity, was considering running a $375 million-plus ICO, a cryptocurrency twist on the initial public offering process, to help purchase the famed Plaza from the Sahara Group, a firm based in India. It is a project that "Shark Tank" investor Kevin O'Leary ... from Google Alert - cryptocurrency https://ift.tt/2qhAUQh via IFTTT https://ift.tt/eA8V8J

Fraudulent Cryptocurrency Investment Program Ordered to Shut Down

This cryptocurrency trading platform will offer investors an invoice and state that they purchased a Seiko watch which is never given to them as protection in case someone absconds. Investors were asked to report that they never received the item to get their money back from their credit card companies. from Google Alert - cryptocurrency https://ift.tt/2GHQEqX via IFTTT https://ift.tt/eA8V8J

South African Revenue Service details its Position on Cryptocurrency

Countries around the world are having dialogue about the implementation of taxes and regulations on cryptocurrency . Within the last week we have seen Australia launch new cryptocurrency regulations, plus Thailand's Council of State and Cabinet approve a cryptocurrency tax plan. Most recently, The ... from Google Alert - cryptocurrency https://ift.tt/2qhAPMt via IFTTT https://ift.tt/eA8V8J

Limited Edition Ethereum Pens: Cryptocurrency's Second Ever IPO (Initial Pen Offering)

Did you miss out on Ancora's first ever Initial Pen Offering (IPO)? Wish you could've gotten one of those fancy Bitcoin Pens at a 50 percent discount? Well, if that's the case, you won't want to miss out on the luxury pen maker's second IPO — only this time, it's for the Ethereum Pen! from Google Alert - cryptocurrency https://ift.tt/2uYKxcc via IFTTT https://ift.tt/eA8V8J

Pakistan Bans Banks From Working With Cryptocurrency Firms

Pakistan's central bank recently released a statement barring financial organizations in the country from performing business with cryptocurrency firms. This move makes the central bank the latest institution to bar banks from working with cryptocurrency exchange. According to the bank's statement via its ... from Google Alert - cryptocurrency https://ift.tt/2HlaqW4 via IFTTT https://ift.tt/eA8V8J

How cryptocurrency traders are wooing Islamic investors

Shariah principles, in addition to banning interest payments, emphasise real economic activity based on physical assets and frown on pure monetary speculation. That has triggered debate among Islamic scholars over whether cryptocurrencies are religiously permissible. Cryptocurrency companies are ... from Google Alert - cryptocurrency https://ift.tt/2uWb5uI via IFTTT https://ift.tt/eA8V8J

PBOC Plans to Continue “Rectifying Cryptocurrency Activity” in China

Last year the Chinese government cracked down on initial coin offerings (ICO) and stopped all domestic cryptocurrency exchanges from dealing with the renminbi. According to local reports and the central bank's recent '2018 agenda,' the People's Bank of China aims to finish what it started in 2017 by ... from Google Alert - cryptocurrency https://ift.tt/2EvNssu via IFTTT https://ift.tt/eA8V8J

POA Network (POA): The Cryptocurrency to Watch in Q2 2018

With many Altcoins struggling to get back on their foot, POA Network (POA) seems to sail through and is poised to become a force to reckon with by end of Q2 2018. The coin has been around for a while and is only listed on Binance and Bibox exchanges and it is already a darling to many investors, ... from Google Alert - cryptocurrency https://ift.tt/2GFoNrg via IFTTT https://ift.tt/eA8V8J

Top Business Schools Add Bitcoin Classes, Expand Cryptocurrency MBA Course Offerings

MBA programs add bitcoin cryptocurrency class Top MBA programs have expanded their offerings of cryptocurrency classes. (Image: Pixabay). Stanford Business School is offering a class called “ Cryptocurrency ” in May 2018. Itamar Orr, a second-year MBA student at Stanford, applauded the expanded ... from Google Alert - cryptocurrency https://ift.tt/2qeTIzG via IFTTT https://ift.tt/eA8V8J

Overall Cryptocurrency Trading Volume Remained Low All Last Week

It is evident the cryptocurrency markets are not in the best of places right now. With all currencies bleeding value virtually every single day, there is still a long way to go until things improve again. Trading volume looks especially bleak right now, as a lot of currencies are struggling to note any growth in ... from Google Alert - cryptocurrency https://ift.tt/2JpLT33 via IFTTT https://ift.tt/eA8V8J

Pakistan Government Bans Cryptocurrency And ICO Trading In Banks

Pakistan: Pakistan becomes the latest nation barring banks from cryptocurrency transaction as it released a statement through its central bank, the State Bank of Pakistan, restricting all banks and financial institutions within Pakistan from transacting with firms dealing in digital currencies and ICOs. from Google Alert - cryptocurrency https://ift.tt/2Evp5uZ via IFTTT https://ift.tt/eA8V8J

We did not infringe Alibaba's trademark, Dubai Cryptocurrency firm tells the court.

After the heavyweight online retailer, Alibaba group holdings, moved to court alleging that the Alibabacoin foundation, a Dubai cryptocurrency firm, has infringed on its trademark, the foundation has denied the allegations. After Alibaba group holdings brought the allegations before a judge at the United ... from Google Alert - cryptocurrency https://ift.tt/2JvfUhU via IFTTT https://ift.tt/eA8V8J

Islam and cryptocurrency, halal or not halal?

The speculative nature of cryptocurrencies has triggered debate among Islamic scholars over whether cryptocurrencies are religiously permissible. Cryptocurrency companies are seeking to sway the debate by launching instruments based on physical assets and certified as valid by Islamic advisors. from Google Alert - cryptocurrency https://ift.tt/2EuWW7g via IFTTT https://ift.tt/eA8V8J

Spanish Tax Authority requests details of Cryptocurrency Users from 60 Companies ...

It appears that Spain's tax authorities have taken more interest in the cryptocurrency industry. The Spanish tax authority, Agencia Estatal de Administración Tributaria (AEAT) has sent a Request for Information (RFI) to investors seeking to capitalize on the growing cryptocurrency market in Spain. from Google Alert - cryptocurrency https://ift.tt/2JwgFY8 via IFTTT https://ift.tt/eA8V8J

Pakistan Central Bank Order Banks Not to Touch Cryptocurrency Businesses

Pakistan's central bank, the State Bank of Pakistan (SBP), has issued a statement banning banks and other financial institutions from serving crypto related businesses. The move from the SBP comes a day after neighboring India released a similar statement. The SBP also highlighted that ... from Google Alert - cryptocurrency https://ift.tt/2IAhSfy via IFTTT https://ift.tt/eA8V8J

Dubai cryptocurrency firm rejects Alibaba trademark allegations

A Dubai-based cryptocurrency firm called Alibabacoin Foundation has rejected allegations of trademark infringement brought against it last week by Chinese e-commerce giant Alibaba Group Holding. “Our client [Alibabacoin Foundation] has not indicated any intention to create an e-commerce site ... from Google Alert - cryptocurrency https://ift.tt/2qdzOpo via IFTTT https://ift.tt/eA8V8J