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The Australian Taxation Office (ATO) has warned taxpayers to be “on high alert” for phone scammers demanding payment through bitcoin ATMs. It said payments via BTC cash machines have now overtaken iTunes vouchers as the most common method of scam payment reported to the tax authority. Also Read: IMF: Central Banks Could Issue Digital Currency Tax Month November Is Prime Time for Fraudsters Around one million Australians are due to pay their taxes to the ATO on Nov. 21. In a statement on Wednesday, ATO assistant commissioner Kath Anderson said fraudsters are…

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Experts from Russia will provide support for the development of Iran’s crypto-economy. The cooperation is part of an agreement reached by representatives of leading industry organizations from the two countries, both subjected to western sanctions.   Also read: Vietnam at Crossroads on Cryptocurrency Regulations Crypto Associations Sign Cooperation Agreement The document has been signed by the Russian Association of Cryptoindustry and Blockchain (RACIB) and Iran Blockchain Labs (IBL), an innovation hub tasked with the implementation of digital technologies in the economy of the Islamic Republic. The research and advisory center…

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Shanghai-based digital asset management company is reportedly set to launch a new cryptocurrency trading fund in partnership with an unnamed licensed asset manager in Hong Kong. Cryptocurrency Trading Fund: Arbitrage Strategy Point95 Global – a digital asset management firm based in Shanghai, is reportedly planning to set up a new cryptocurrency trading fund in partnership with an unnamed licensed asset manager in Hong Kong. Purportedly, the private fund will target professional investors and will use “arbitrage trading strategies.” These aim to capitalize on simultaneous buying and selling of related instruments…

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As cryptocurrency is steadily taking over the online forex trading industry, more and more specifically tailored solutions are being developed. The latest example is an institutional-grade venue built on the widely used Integral FX platform, Mint Exchange. Also Read: GMO Internet Reports Crypto Exchange Profit Up Over 34% in Q3 2018 Refreshing New Taste for FX Brokers Mint Exchange officially launched publicly today, Nov. 14, as a cryptocurrency clearinghouse providing access to major exchanges, brokers and market makers through a single gateway. It is meant to offer better liquidity for…

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Despite the decline of Bitcoin throughout the entirety of 2018, the world’s leading cryptocurrency’s daily average profit of  0.347 percent per day has been generous for its long-term holders. Bitcoin: A Store of Value Indeed Bitcoin’s (BTC) 00 daily moving average since January 1st, 2011, is 0.347 percent in the positive. Clavestone, an institutional-grade Bitcoin key management company has come up with a tracker monitoring the cryptocurrency’s daily change. The positive daily change suggests that Bitcoin is, indeed, a reliable store of value. Moreover, despite 2018’s bear run, Bitcoin has also turned out…

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Christine Lagarde, the managing director of the International Monetary Fund (IMF), has said central banks throughout the world should consider issuing digital currency to make transactions more secure. At a recent conference in Singapore, Lagarde argued that state-backed cryptocurrencies could satisfy public policy goals related to financial inclusion, consumer protection, privacy and fraud prevention. Also Read: Bitcoin Group SE Buys Investment Bank Tremmel Safe, Cheap and Semi-Anonymous Payments “I believe we should consider the possibility to issue digital currency,” Lagarde said in a speech this week in the city-state, which is at…

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There are less than two days left until the Bitcoin Cash (BCH) network faces a contentious hard fork and BCH markets are showing some unusual activity. They are being driven by heavy trading volumes that have doubled in the last two days, while BCH/USD short positions on Bitfinex have touched an all-time high. At the moment, bitcoin cash is trading for $529 per coin with more than $900 million worth of global swaps in the last 24 hours. Also read: Cryptocurrency ATM Growth Spikes Exponentially to 4,000 Machines Worldwide    Cryptocurrency…

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The Venezuelan government has announced that its national digital currency, the petro, can be exchanged into any cryptocurrency if purchased this year. However, the wallet for the petro is still not available and petro buyers receive certificates of purchase. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space ‘Special Period’ Venezuela’s president, Nicolas Maduro, visited the headquarters of the Superintendency of Cryptoassets and Related Activities (Sunacrip) last week to sign up for a petro savings plan, the Ministry of Popular Power for Communication and Information (Minci) announced. Minci is dedicated…

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In recent exchange news, the chief executive officer of Revolut has expressed doubt regarding the institutional appetite for cryptocurrency exposure, Binance has launched a new research division, and Etoro has begun the rollout of its wallet for Android and iOS users. Also Read: Korea’s Upbit to Launch Crypto Exchanges in Thailand and Indonesia Revolut CEO Skeptical on Institutional Investment Nikolay Storonsky, the chief executive officer of fintech unicorn Revolut, recently expressed skepticism regarding the rhetoric circulating throughout the cryptosphere that suggests institutional investors are eager to gain exposure to bitcoin. “There…

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DMG Blockchain Solutions has announced that it has started generating up to 60 megawatts (MW) of electricity at an 85MW substation it owns in western Canada. It will use the substation to power its flagship cryptocurrency mining facility, which is one of the largest such sites in the country by power output.  Also Read: Vietnam at Crossroads on Cryptocurrency Regulations DMG Partially Powers New Mining Facility The Vancouver-based company has started operations at its 27,000-square-foot cryptocurrency mine, which sits on a 34-acre site in British Columbia. The electricity used by the mine is…

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