Blockchain moves into the focus of Swiss IT providers

As blockchain has evolved from an experimental technology to a component of business ecosystems, it is now increasingly becoming the focus of IT vendors. The survey of IT decision-makers conducted as part of Computerworld's Top 500 issue suggests that growing interest in technologies such as blockchain, as well as in the virtualization and data protection

2021-09-21T07:49:02+00:00September 20th, 2021|market news|

Crypto-friendliness in Brazil

According to a recent survey by Sherlock Communications, 48% of respondents are in favour of the legal introduction of cryptocurrencies. After cryptocurrencies have been official means of payment in El Salvador for a week now, almost half of Brazil’s inhabitants want the country to follow the same path. In addition, 56% of respondents support the

2021-09-17T12:44:06+00:00September 17th, 2021|economic, market news|

Crypto market in Africa grows by 1,200 percent within one year

According to data from Chainalysis, the values of the African cryptocurrency market increased by more than 1,200 percent between July 2020 and June 2021. Probably the popularity of P2P platforms is one of the biggest factors for the high level of acceptance. Especially in Kenya, South Africa, Nigeria and Tanzania, people rely on P2P because

2021-09-16T10:20:32+00:00September 16th, 2021|economic, market news|

Ukraine legalizes cryptocurrencies

Last week, Ukraine’s parliament almost unanimously passed a law legalizing cryptocurrencies. Already at the beginning of last month there were reports following a new bill that would allow payments in Bitcoin & Co. This bill was adopted on Wednesday. While the law states that cryptocurrencies are not legal tender, it does suggest that the country

2021-09-14T13:37:43+00:00September 14th, 2021|economic, market news|

No green light yet for crypto project “Diem”

Despite enormous power, the crypto project has not been given the go-ahead by the regulators in Washington. However, the changes made so far since the original draft in 2019 are welcomed. Originally called Libra, the project was designed as a global blockchain payment system centred on the cryptocurrency of the well-known social media giant. With

2021-09-13T10:00:11+00:00September 13th, 2021|economic, market news|

Green electricity trading through blockchain?

China’s Development and Reform Commission announced its intention to use blockchain technology to create a more efficient energy network. A pilot project will be carried out to find out whether new ways of using electricity and new forms of energy can be exploited in this way. China said it would become climate neutral by 2060,

2021-09-09T10:45:28+00:00September 9th, 2021|economic, market news|

Twitter tests the “Tip Jar” feature with Bitcoin

The latest beta update of the social media giant Twitter suggests that the option to tip Bitcoin is being tested. Back in July, CEO Jack Dorsey hinted that Bitcoin should be integrated into various products of the social network. The so-called “Tip Jar” was introduced in May and has different payment methods. According to Dorsey, Bitcoin

2021-09-07T13:19:35+00:00September 7th, 2021|economic, market news|

El Salvador Launches a 150 Million Dollar Bitcoin Trust

A $150 million Bitcoin trust is intended to facilitate the exchange of Bitcoin into US dollars, while promoting the development of crypto infrastructure and crypto services across the country. The Bandesal Development Bank is responsible for overseeing the operation of the trusts. A further $53. 3 million is earmarked for the implementation of the plan.

2021-09-06T12:33:46+00:00September 6th, 2021|economic, market news|

Pay less taxes due to Bitcoin investments

Bitcoin is finding more and more institutional investors, who see Bitcoin as a long-term investment with low taxes. Since Bitcoin transactions are classified as private disposal transactions, they are subject to the individual income tax rate and, unlike shares, are not subject to 25 percent withholding tax. Furthermore, there is the possibility of a complete

2021-09-03T14:34:44+00:00September 3rd, 2021|economic, market news|
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