Former US Secretary of State John Kerry has said cryptocurrency is a topic at the World Economic Forum (WEF) “because it has value,” talking to Cointelegraph. In exclusive comments to Cointelegraph, which is attending the currently ongoing event in Davos, Kerry appeared unsurprised that Bitcoin and Blockchain had become a major talking point in global financial circles. “People are investing in it, it’s serious amounts of money and it’s got value so it’s going to be talked about,” he said. The response comes as cryptocurrency receives more and more regulatory attention and associated publicity across the world. Amid mixed signals …
For the umpteenth time, Bitcoin was declared dead this week as the cryptocurrency market took a major dive in value. Bitcoin dipped below $10,000 as others followed suit with even bigger drops as the panic spread about a burst bubble. However, the negative charts across the board took a positive turn as most of the numbers turned green across the major coins. The crypto market has generally been in a downturn since Bitcoin hit the $20,000 mark, but this recent collapse ignited genuine fear and panic. Bloodbath across the board As the adage goes, a rising tide floats all boats, …
Unverified rumors on the South Korean government’s potential crackdown on cryptocurrency trading circulated around online Bitcoin communities over the past few days. Currently, the South Korean government remains highly optimistic in regards to the growth of the local Bitcoin industry and has recently announced its plans to introduce a nationwide regulatory framework for Bitcoin exchanges and brokerages. South Korea wants to regulate Bitcoin market, not ban As Cointelegraph reported, South Korea’s Deputy Prime Minister and the Minister of Strategy and Finance Kim Dong-yeon announced that the government is actively investigating into methods of providing local cryptocurrency and Bitcoin investors with …
Kim Dong-yeon, South Korea’s deputy prime minister and the minister of strategy and finance, revealed earlier this week that the government is investigating various methods to better regulate the local Bitcoin market and tax Bitcoin users accordingly. While the South Korean government and its local financial authorities are actively discussing the possibility of enforcing a policy on Bitcoin taxation, at a press conference, Deputy Prime Minister Kim stated that the government does not intend to include any Bitcoin taxation policy in 2018’s amendment of the tax law. South Korea likely to follow Japan’s taxation policy Since the beginning of this …
Korean Hyosung, a multi-billion dollar conglomerate involved in ATM manufacturing has announced it will now offer Bitcoin buying support on its machines through a partnership with Just Cash. The Missouri-based mobile company, which offers mobile-based solutions for customers to obtain cash from ATMs, will now allow any Hyosung ATM client to access Bitcoin. While official statements are yet to appear regarding motivation for the move, the ATM compatibility upgrade is already available. Hyosung describes the option “as a great way to introduce customers to the world of cryptocurrencies” as Bitcoin enjoys increasing popularity and reputation among non-technical consumers worldwide. Bitcoin …
While in terms of market capitalization Bitcoin Cash is still playing catch up with Bitcoin, in terms of trading volume Bitcoin-Cash has overtaken Bitcoin and currently, its trading volume is 20 percent over Bitcoin ($3.1 bln vs. $2.6 bln). South Korea drives BCH volumes South Korea is the one country which is driving increased trading volumes of BCH. Bithumb, Coinone and Korbit account for $1.7 bln out of the $3.1 bln (55 percent of total volume) BCH trading volumes. The increase in the USD price of BCH (From $300 a week back to over $800 currently) has also resulted in …