Tag Archives: cryptocurrency

Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive

Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive

Grupo XP, the largest independent brokerage in Brazil, has publicly released its plans to launch a Bitcoin and Ethereum trading platform by the end of 2018. Guilherme Benchimol, the chief executive officer of Grupo XP and XP Investimentos SA, stated that the business will integrate Bitcoin and Ethereum into the existing infrastructure of the brokerage, […]

Billionaire Novogratz: Impossible For Bitcoin Not to Hit $10,000 by This Year

Billionaire Novogratz: Impossible For Bitcoin Not to Hit $10,000 by This Year

After a single day in the green, with many cryptocurrencies pushing monthly-highs, many advocates of this space have claimed that this market is on the verge of its next exponential growth cycle. While many wouldn’t classify these overly-bullish claims as crimes, so to speak, no one is as guilty to doing this as Mike Novogratz, the […]

Major Russian Banks Highly Interested in ‘Working With Crypto,’ Local Sources Say

Major Russian Banks Highly Interested in ‘Working With Crypto,’ Local Sources Say

Several large Russian banks have expressed their strong interest in working with the industry of cryptocurrency and blockchain during a closed-door meeting held at the Moscow Exchange, sources told Russian news site RBC September 19. As an unnamed source familiar with the matter told RBC, the demand for cryptocurrencies in Russia is very high, but the banks are not […]

US Lawmakers ‘Strongly Urge’ IRS to Update Crypto Tax Guidance

US Lawmakers ‘Strongly Urge’ IRS to Update Crypto Tax Guidance

A group of U.S. lawmakers has called on the nation’s Internal Revenue Service (IRS) to release comprehensive guidance for taxpayers earning gains on cryptocurrency investments or transactions. In an open letter sent to acting IRS commissioner David Kautter, representatives Kevin Brady, Lynn Jenkins, David Schweikert, Darin LaHood and Brad Wenstrup write that the agency has had “more […]

Fidelity CEO Teases Crypto Product Announcement By “End of the Year”

Fidelity CEO Teases Crypto Product Announcement By “End of the Year”

Boston, Massachusetts-based, $6.9 trillion asset manager and financial services company, Fidelity Investments, is close to entering the cryptocurrency space, with an announcement from the firm expected “by the end of the year,” if recent comments from Fidelity’s CEO holds true. Fidelity Investments CEO Reveals Work on Crypto Products, Announcement Coming While speaking during last week’s […]

Dubai Police Chief: Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

Dubai Police Chief: Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

A senior Dubai law enforcement official has predicted that digital currency will “soon” usurp cash, local news outlet Khaleej Times reported Sunday, September 16. Speaking during a panel he was heading, Lt-Gen Dhahi Khalfan Tamim, deputy chairman of the Dubai Police and head of general security in Dubai, said that hurdles to digital currency becoming mainstream remained in lack of public […]