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Showing posts with the label February 23

TD Bank stops allowing credit card purchases of cryptocurrency

Toronto-Dominion Bank is halting the use of its credit cards to buy cryptocurrency as it conducts a review of the “evolving market.” The recent decision follows moves by several U.S. banks to stop allowing credit card purchases of Bitcoin and other cryptocurrencies. “At TD, we regularly evaluate our ... from Google Alert - cryptocurrency http://ift.tt/2HESgi5 via IFTTT http://ift.tt/eA8V8J

Cryptocurrency: A Volatile Market

Digital currencies have become a global phenomenon and have gained immense popularity all around the world. Virtual currencies are ardently supported by some, feared by others, while the rest just don't understand how they work or what makes them so special. Even bankers, economists and ... from Google Alert - cryptocurrency http://ift.tt/2FsvBop via IFTTT http://ift.tt/eA8V8J

Why cryptocurrency could be your worst tax nightmare

Further, many of the cryptocurrency exchanges people use aren't providing taxable income forms for trades and transactions, leaving the burden on individuals to track losses and gains. The extreme fluctuations in value, the lack of consistency across exchanges, and individuals not understanding the ... from Google Alert - cryptocurrency http://ift.tt/2BN0cx1 via IFTTT http://ift.tt/eA8V8J

A Dallas House Is For Sale Using Cryptocurrency

There are a lot of reasons people are excited about cryptocurrency right now. There are the get-rich-quick speculators who bought into Bitcoin last fall and made five times their investment, and there are the long-term holders who believe in the blockchain's ability to create a more transparent, trustworthy, ... from Google Alert - cryptocurrency http://ift.tt/2EOw4UR via IFTTT http://ift.tt/eA8V8J

TD Bank halts allowing customers to use credit cards to buy cryptocurrency

Toronto-Dominion Bank is halting the use of its credit cards to buy cryptocurrency as it conducts a review of the "evolving market." The recent decision follows moves by several U.S. banks to stop allowing credit card purchases of Bitcoin and other cryptocurrencies. "At TD, we regularly evaluate our ... from Google Alert - cryptocurrency http://ift.tt/2ouGZYG via IFTTT http://ift.tt/eA8V8J

Bank of America Now Considers Crypto a Business Risk

Bank of America has cited cryptocurrency as a material risk to its business, public records show. The technology could hamper the second-largest U.S. bank's ability to comply with anti-money-laundering regulations, pose a competitive threat and force the company to spend more money to keep up with ... from Google Alert - cryptocurrency http://ift.tt/2Cgg0cN via IFTTT http://ift.tt/eA8V8J

Venezuela's Bizarre Campaign to Launch Its Own Cryptocurrency

In January, the Venezuelan government released a curious white paper detailing plans for the world's first government-sponsored cryptocurrency called petro, which would be backed by the country's oil reserves. Now the idea is coming to life—and it's confusing. After launching a presale for the tokens ... from Google Alert - cryptocurrency http://ift.tt/2GE7G4F via IFTTT http://ift.tt/eA8V8J

How Upcoming Litepay Launch Has Affected Litecoin's Price

There has been a lot of commotion surrounding Litecoin over the past few weeks. The cryptocurrency underwent a “hard fork” on February 18, which created Litecoin Cash. This project was credited with causing Litecoin's value to surge in the following days, but there was another venture that also ... from Google Alert - cryptocurrency http://ift.tt/2FtXw7e via IFTTT http://ift.tt/eA8V8J

Bank Of America Cites Cryptocurrency Risks In Annual SEC Filings

The global nature of cryptocurrency investment and speculation, in conjunction with lax identification requirements by some virtual currency exchanges , could make it more difficult and/or more expensive for BofA to follow the money trail. Perhaps, this is part of the reason that BofA began declining credit ... from Google Alert - cryptocurrency http://ift.tt/2ETeP0o via IFTTT http://ift.tt/eA8V8J

Cryptocurrency news: Venezuela to release ANOTHER cryptocurrency with petro gold

Nicolas Maduro, the country's president, said on Wednesday: “Next week I'm going to launch the petro gold, backed by gold, which is even more powerful, to strengthen the petro.” One of the benefits of this new cryptocurrency is its ability to circumvent sanctions placed on the country by the US and ... from Google Alert - cryptocurrency http://ift.tt/2FrLonr via IFTTT http://ift.tt/eA8V8J

South Korean Cryptocurrency Exchanges Evaluate Self-Regulations

An association of South Korean cryptocurrency exchanges said that it is planning to check if its members are following a set of self-regulatory cryptocurrency measures adopted last year, local journal Yonhap News reported Feb. 21. The Korean Blockchain Industry Association, which is currently ... from Google Alert - cryptocurrency http://ift.tt/2FtixPM via IFTTT http://ift.tt/eA8V8J

TD Bank stops allowing customers to use credit cards to buy cryptocurrency

TD Bank stops allowing customers to use credit cards to buy cryptocurrency . TD says it made the decision to conduct a review and assessment of the evolving market. A TD Bank branch is seen in Halifax on Thursday, March 30, 2017. TD Bank says it is taking a pause on allowing customers to use its ... from Google Alert - cryptocurrency http://ift.tt/2EQ1EO6 via IFTTT http://ift.tt/eA8V8J

Cryptocurrency, decoding the virtual form of currency for New Yorkers - New York State legislature ...

We agree that a legislative assessment of the impact of cryptocurrency activity in New York State is needed from a number of different perspectives, including various industry players, developers, current users of the technology, consumers, as well as regulators. However, our primary concern in New ... from Google Alert - cryptocurrency http://ift.tt/2sTjMVQ via IFTTT http://ift.tt/eA8V8J

Iran's ICT Minister Hints At Forthcoming Cryptocurrency Pilot

In a February 21 tweet, Iranian ICT Minister Mohammad-Javad Azari Jahromi announced that the Post Bank of Iran has been working on a cryptocurrency that will be brought before the nation's "banking system" for review and possible testing. An article in the Iranian press suggests that the ICT Ministry ... from Google Alert - cryptocurrency http://ift.tt/2F1P0yw via IFTTT http://ift.tt/eA8V8J

'Turkcoin': Turkish Politician Endorses Launching a National Cryptocurrency

A Turkish lawmaker affiliated with the political party partnering the country's ruling party has proposed a national cryptocurrency . On bitcoin, the politician suggested the government open its own bitcoin exchange(!). Turkey's former industry minister and deputy chair of the Nationalist Movement Party ... from Google Alert - cryptocurrency http://ift.tt/2EOC6k5 via IFTTT http://ift.tt/eA8V8J

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Austria Planning New Regulations for Cryptocurrency, ICOs

Loeger also suggested that the European Union should implement cryptocurrency regulation. This may well come to fruition as the European Commission announced Thursday that top central bank and market supervision figures in addition to unidentified "market players" will meet next week to discuss ... from Google Alert - cryptocurrency http://ift.tt/2FqGAP1 via IFTTT http://ift.tt/eA8V8J