German Finance Minister Doubts Crypto Can Currently Replace Traditional Currencies

German Finance Minister Doubts Crypto Can Currently Replace Traditional Currencies Germany’s Finance Minister Olaf Scholz doubts that cryptocurrencies can currently replace traditional fiat currencies, Cointelegraph auf Deutsch reportstoday, September, 18. “I would doubt today, whether it has a perspective as a currency model, ” saidScholz at a “citizens dialogue” at the German-Dutch Army Corps in Münster. Scholz compared cryptocurrencies…

Upbit Crypto Exchange Operator to Open Singapore-Based Crypto Exchange Next Month

Upbit Crypto Exchange Operator to Open Singapore-Based Crypto Exchange Next Month Kakao-affiliate Dunamu, the operator of major South Korean crypto exchange Upbit, plans to open a Singapore-based exchange next month, local news outlet Yonhap News reports September 19. According to Yonhap, Dunamu already set up a branch in Singapore this February as part of its active push to expand…

Developer Completes “Proof-of-Life” Off-Grid Crypto Transaction Primed for Post-Apocalypse

Developer Completes “Proof-of-Life” Off-Grid Crypto Transaction Primed for Post-Apocalypse A developer known as “Daniel Jones” on Twitter claims to have completed a solar-powered, off-grid crypto transaction using shortwave radio and blockchain, The Next Web reports Tuesday, September 18. The project was reportedly devised in response to the CallForCode challenge, which challenges tech innovators to improvise with existing…

Bitcoin (BTC) Price Watch: Bearish Wedge Breakout

Bitcoin (BTC) Price Watch: Bearish Wedge Breakout Bitcoin Price Key Highlights Bitcoin price recently broke below a rising wedge pattern to signal that further losses are in the cards. Price might still pull back to the broken support area, which lines up with Fib levels, to gather more selling pressure. Technical indicators are showing that…

Ukrainian Parliament Proposes Tax Bill for Digital Currencies

Ukrainian Parliament Proposes Tax Bill for Digital Currencies The Verkhovna Rada, the parliament of Ukraine, has proposed a bill that, once passed into law, would tax operations with crypto assets, according to a draft lawpublished September 14. The tax bill, which was initiated by 23 government officials, suggests a five percent tax on individuals and legal entities operating with virtual currency assets, such…

Treat Bitcoin Like Switzerland Does, Zimbabwe Finance Minister Tells Central Bank

Treat Bitcoin Like Switzerland Does, Zimbabwe Finance Minister Tells Central Bank Zimbabwe’s new finance minister said the country should embrace Bitcoin at state level in a manner similar to Switzerland, local media outlet IT Web Africa reports Monday, September 17. Citing the Swiss central bank’s “investment and understanding” in Bitcoin, Mthuli Ncube said he would call on the Reserve Bank of Zimbabwe (RBZ)…

Circle Survey Finds Twice As Many Men Invest in Cryptocurrencies As Women

Circle Survey Finds Twice As Many Men Invest in Cryptocurrencies As Women One in four millennials are interested in investing in cryptocurrencies over the next year. Crypto payments startup Circle conducted a survey of more than 3,000 individuals earlier this week, finding that a majority of millennial investors believe themselves to be “aggressive,” according to the results.…