News

Bank of America admits cryptocurrency is threatening its business model

One of the world's largest financial institutions admitted in its annual report that cryptocurrency is a looming threat to its business model. … As Bitcoin and the altcoin market continue to recover, expect the hype cycle to start again and for cryptocurrency to wedge its way, firmly this time, into the lexicon. read more …

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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 … read more …

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MARKET REPORT: Online Blockchain talk of City as it appoints ‘father of emails’ to the board

When it comes to being noticed in the City, Online Blockchain clearly has what it takes. The technology investor raised eyebrows last October when it rebranded from On-Line Plc at the start of the cryptocurrency craze. Today it caused a stir when it announced the appointment to the board of the man who … read more …

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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 … read more …

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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 … read more …

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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 … read more …

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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 … read more …

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