Government

EU Highlights Blockchain Benefits in Digitization Write-Up

The European Union, or EU, mentioned blockchain technology as part of social services digitization efforts to keep Europe up to speed with the changing times.  “As in the case of the services sector, the use of blockchain technology is in an early phase of adoption in health and social care, where it has been used …

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Bail Bloc Founder Says How Monero Mining Can Help ICE Detainees

One cryptocurrency project is using Monero (XMR) to give undocumented immigrants a better shot at a fair treatment in the United States judicial system. The Bail Bloc project collects cryptocurrency to help people get out of pretrial incarceration for cases with the United States Immigration and Customs Enforcement (ICE). Unlike conventional charities, Bail Bloc doesn’t …

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Spanish Tax Watchdog Puts 66,000 Crypto Traders on Notice

The Spanish tax authority has begun sending out warning notices to 66,000 cryptocurrency holders to remind them of their tax obligations. According to Europa Press, the Agencia Estatal de Administración Tributaria (AEAT) began the campaign on April 1, and will keep firing off letters until June 30 in the midst of the national COVID-19 crisis. The …

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China, Huawei propose internet protocol with a built-in killswitch

Sponsored Links Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images China, Huawei and Chinese carriers want to redesign a key aspect of the internet — and while there may be some upsides, their ideas have raised some alarm bells. The Financial Times understands that the group has proposed a new internet protocol at the ITU, New IP, …

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UK internet providers will lift data caps during COVID-19 pandemic

Sponsored Links CristinaNixau via Getty Images The UK is echoing others in lifting internet restrictions to keep people online during the COVID-19 pandemic. Major telecoms like BT/EE, Openreach and Virgin Media have struck an agreement that will remove “all” data caps on current landline broadband services. Mobile and fixed providers also have to offer “generous” …

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Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation

While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs If you are on the lookout for a job in these pressing times, when the coronavirus pandemic has limited public movement and shut down businesses, it’s worth exploring opportunities to work from the relative safety of your home. The number … read more. The …

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California Governor Namedrops Bitcoin in Speech About ‘Extraordinarily Bad People’

California Governor Gavin Newsom warned the public against Bitcoin (BTC) fraudsters during his live speech about the coronavirus outbreak. On March 26, Newsom mentioned the leading cryptocurrency as part of his official speech about what measures had been taken by the state to prevent the further spread of the virus in California. Newsom went on …

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Making Bitcoin Go Viral: Could Endless Printing Trigger a Hyperbitcoinization Event?

</header> <strong>Hyperbitcoinization has been defined as “a state where bitcoin becomes the world’s dominant form of money.” But what actually needs to happen for bitcoin to ‘go viral’? As it turns out, a hyperbitcoinization event may be more likely than many suspect, especially in the current economic climate. However, there’s one big caveat: it requires …

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Cash Crisis: National Currencies Plunge in the Wake of Coronavirus

</header> <strong>Fiat currencies across the globe have experienced sharp declines in the wake of the coronavirus panic, with the Norwegian Krone falling over 30% lately last week. The Mexican peso and Australian dollar trailed close behind over the same period, with multiple fiat currencies also taking a nosedive. Though USD remains strong, some speculate this …

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Bank of China Continues Anti-Crypto Narrative on WeChat

Financial markets are facing their worst crisis since 1929 and people are looking for alternatives to protect themselves from the crash. One option being considered by many is cryptocurrency. In response, Bank of China has continued its anti-crypto narrative in a long post titled “3.15 Protetion of Financial Consumption Rights and Interests”. The post was …

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