I heard that Australia is also a crypto-friendly place.
Quite right. In this country, you can buy crypto-currencies for cash in any newsstand (I can not exactly say how much this is true). I would also note Germany. As you know, bitcoin was accepted in this country as a means of payment, so this country is on the right track. Yep, direct purchases of goods and services using crypto are not taxable in Germany, neither are mining rewards |
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Estonia (read more here) The Baltic nation wants to become a truly digital nation, and they are well on their way to being one with following features: 1. E-Health (Estonia became the first country in the world to incorporate the Blockchain into their healthcare system. Every Estonian has their health record digitized and stored on a Blockchain) 2. KSI (All the governmental records will be stored in the Blockchain which will make them completely tamper-proof) 3. Along with this, Estonia is also planning to develop its government-backed cryptocurrency called “Estcoin” with the help of Ethereum co-founder Vitalik Buterin. Singapore (read more here) With a long history of being a startup favorite, Singapore extends its welcoming policies to Blockchain companies. 1. Startup hub (Singapore has always been a startup favorite for a variety of reasons such as: Tax-friendly rules, Light-touch regulation, State funding) Singapore has seriously stepped up to the plate when it comes to Blockchain adoption. The Monetary Authority of Singapore (MAS), Singapore’s central bank, set aside $219 mln purely for the development of fintech projects and applications in 2017 alone. 2. National currency token (The Monetary Authority of Singapore (MAS) rolled out Project Ubin which saw the Singapore dollar get tokenized and made available on the Ethereum Blockchain) 3. Smart regulation (In August 2017 MAS declared that they will bring in some form of ICO regulation. While they will not regulate all ICOs, they will regulate an ICO if it behaves like a stock or a security and falls under Singapore’s Securities and Futures Act. Along with ICOs, MAS will also regulate exchanges and any other intermediary services) Japan (read more here) Japan’s stagnating economy contributed to fierce competition on Japanese cryptocurrency exchanges, creating a strong crypto market that is encouraged by supportive legislation. In addition, widespread Bitcoin acceptance and development of alternative currencies like Cardano make Japan one of the world leaders in Blockchain technology adoption. 1. Friendly jurisdiction (April 2017, the Japanese government enacted the Virtual Currency Act which provided the following: A. Bitcoin will be considered a legal payment method. B. Virtual currency exchanges will be regulated. C. A tax reform was also issued separately which removed a consumption tax. This was stopping foreign investors from buying Bitcoins in Japan’s market. 2. Competitive exchanges (competition between Japanese exchanges is so fierce that most of them are not charging any fees at all. Some have even implemented negative fees just to get a higher trading volume) What countries do you guys think are also worth to mention and why?
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Mail.Ru Group, a major Russian Internet company and original mail service provider, has expanded its reach to accept cryptocurrency for advertising payments. The hope is that this will aid in the ease of payment for those already using cryptocurrencies as it allows payments to be made in BTC and BCH. Users can choose to pay in cryptocurrency for advertising on Mail.Ru Group's properties, including VK, OK and Mail.Ru. Additionally, it will allow for cryptocurrency payments processing via its international brand My.com, Mail.Ru Group is partnering with BitPay, a well-regarded Bitcoin payment processor. BitPay will convert cryptocurrencies into cash and will take the exposure. "We want to provide the best service for our business partners. MyTarget will be the first step in creating a new ecosystem that will further develop and embrace other Mail.Ru Group's products, including games," commented Dmitry Sergeev, CEO of Mail.Ru Group. Source: https://cryptocomes.com/russian-internet-company-mailru-opens-crypto-payments-advertising
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Merriam-Webster, one of the US’s leading dictionaries, added “cryptocurrency,” “Blockchain” and “initial coin offering” to its entries today, in a nod to their frequent useThe sometimes perplexing domain of digital financial exchanges opens a window into a subject that requires an explanation for many of us, the online dictionary said in its announcement Monday. The new entries are “used frequently enough by some in order to be placed in a reference for all,” the dictionary said. The company saw the crypto entries as “on the opposite end of the economic spectrum” as way of organizing and distributing money in developing economies, like microfinance and microcredit, both of which describe small loans made to impoverished individuals and communities or similar financial services. The three words were among 850 new entries to the dictionary, which also included “ dumpster fire”, “ antifa” and “ mansplain”. Source: https://cryptocomes.com/merriam-webster-dictionary-adds-cryptocurrency-blockchain-and-ico
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A new scam has been uncovered that reportedly has stuck as many as 27,000 people across South Africa, Australia and America. BTC Global is now being investigated by South African serious commercial crimes unit, the Hawks. The site for BTC Global now displays a page that states that trading has been suspended stating that their ‘master trader’ Steven Twain cannot be located. It has emerged that as much as $50 mln was netted by the scam which saw thousands investing cryptocurrency into an online wallet address.[/pre][/left] The full article: https://cryptocomes.com/south-african-authorities-investigating-massive-bitcoin-scam-btc-global |
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Legendary hedge fund investor Bill Miller, 68-years-old, has seen a lot in the financial markets through the times and now with a new wave of technology sweeping a number of sectors, Miller is backing Bitcoin. Miller’s firm has reportedly put half its assets in the digital currency from its tentative start a few years ago. Miller is keenly interested in how the technology can disrupt and likens it to a number of big changes in the modern era. The full article: https://cryptocomes.com/hedge-fund-doyan-bill-miller-calls-bitcoin-disruptive-innovator |
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ICOs have a failure rate of more than 50 percent, and there have been some big ones alreadyICOs, which have really only been around in full flight for a few years, have had an interesting growth pattern. The hype that was 2017 when it came to ICOs saw a lot of bright ideas, with very little execution. There have been many failures along the way, in fact, nearly half of all ICOs from 2017 have already failed, some within only months. The ICO environmentAs ICOmania grows and continues to grow, more money was thrown at the market, and more companies were tasked with pulling off their promises. Some of these companies failed speculatory while others have slowly died and taken their investors money with them. 2017 was the best year yet in terms of money raised through ICOs as it was calculated that over $3 bln was raised in that year alone. But that money raised hasn't all been appropriated well, below is a list of 10 of the biggest ICO failures on record. https://cryptocomes.com/top-10-spectacular-ico-failures
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Following on From Venezuela’s state-back cryptocurrency, Turkey is proposing something similarAccording to local media reports, Turkey is busy mulling over create its own state-backed cryptocurrency called the ‘Turkcoin.’ This has come about through an alliance in the country's political parties. Turkey has not taken a positive stance towards Bitcoin following its rise last year, ministers being known to liken it to a pyramid scheme and warning those interested in staying away. However, there seems to be a change of mind now as the Nationalist Movement Party (MHP) argues that instead of dismissing cryptocurrencies, Ankara should draw up legislation to regulate and control the market. Detailed reportThe suggestion came from MHP deputy chair and former Industry Minister Ahmet Kenan Tanrikulu. He is the one proposing this state-backed coin because he feels that there would be dire repercussions should Turkey not cash in on the Blockchain technology underlying cryptocurrencies. The world is advancing toward a new digital system. Turkey should create its own digital system and currency before it’s too late, he told Al-Monitor. Currently, regulation in Turkey is slow on the uptake, whereas the cryptocurrency market is in full flight. So, despite the lack of legal framework, the Turkish population is continuing to forge ahead with digital currencies. RegulationClearly, the issuing of a state-backed cryptocurrency, while controversial, will lead to full-on regulation of said coin, and give the government control of a new technology. The need for regulation is obvious, Tanrikulu said. Also, the use of those currencies in illegal activities must be prevented. He continued, We need to create the infrastructure for the Blockchain database. There are nearly 1,400 digital currencies in the world today and many countries are using them. We, too, can create a digital currency, based on companies in the Wealth Fund. Since the demand exists, we should create and release our own digital currency. Opposing those currencies is meaningless. This is a national issue which requires a national consensus. Second state-backed coin?Turkey, should it go ahead with this plan, will not be the first to launch a state-backed coin as this week Venezuela started their pre-sale of the Petro, a state-backed and oil-pegged, cryptocurrency. Sorce: https://cryptocomes.com/turkey-eyeing-launching-state-backed-turkcoin
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One more token launch announced by Nicolas Maduro Petro Gold  |
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Tuesday saw the government of Venezuela launch the pre-sale for its Petro coin, so what is it all about?The Venezuelan government built and oil-backed digital currency called the Petro took its first steps towards being a functional alternative to a currency facing hyperinflation on Tuesday as it went on pre-sale. The government released information and guides on how to use it as well as what its uses are, including paying taxes, fees and other public needs. It was first proposed in early December 2017 by President Nicolas Maduro as a way to circumvent US sanctions, amid an economic crisis and a plunge in the value of the local currency, the Bolivar. Pre-saleTuesday marked the first occasion where citizens could start buying up the Petro, with 82.4 mln tokens available initially. Maduro declared at the launch: "The Petro is born and we are going to have total success for the welfare of Venezuela. ... The largest and most important companies and Blockchain in the world are with Venezuela, we are going to sign agreements." The Petro is directly tied to the price of a barrel of oil, meaning that its price will be determined by the closing price of oil the day before. This is the first instance of a governmental backed digital coin being sold to its citizens, but it has already attracted much criticism. Criticism far and wideFrom outside of Venezuela there has already been condemnation of this ploy as US Senators Marco Rubio and Robert Menendez denounced Venezuela's cryptocurrency in an open letter in January. Within Venueula, the opposition-run congress declared that the Petro would be illegal. The legislative body argued that the issuance would effectively be borrowing against the country's oil reserves, thus violating laws setting out that Congress must approve government borrowing. Source: https://cryptocomes.com/venezuelan-petro-pre-sale-how-has-it-been-received
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Yeah, great, remember if someone holds you at gunpoint in some dark alley and tells you "give me your bitcoins or die", the right answer is NOT "I don't have any bitcoins", the right answer would be "What's a bitcoin?"  I'm joking, unfortunately the reality is more sad. There are people who are now hunting even those who own a certain amount of digital assets. Haha i never met that guy Bitcoin before.. Maybe the right answer will be: "Please specify your BTC wallet address, then we should go to my house to access my wallet. It's not far from here, near the police station".. and I ll try to recall my password while we are walking... |
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That's terrible news. How should we avoid it?
Never openly talk about anything crypto related with anyone, let alone brag about it. Rich people will always be targets regardless, but you can make it easier for yourself by simply making it seem like you have absolutely nothing to do with cryptos whatsoever. Screw the "lost adoption" by hauling your granny in, think for yourself. Absolutely right, keep in secret that you are dealing with crypto  |
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Source: https://cryptocomes.com/bitcoin-theft-going-offline-person-attacks-becoming-more-commonThere has been such a focus on building protection for cryptocurrency owners online, that some thieves are simply circumventing it by going old-school and attacking people face on, forcing them to part ways with their digital currencies. Hostage situationsThere has not been as much coverage of in-person Bitcoin thefts as there have about hacks and other methods of taking Bitcoin off people illegally, but there has been a few instance in the recent past. In a beach resort in Phuket, Thailand, in January, thieves held captive a Russian man in his apartment until he logged onto his computer and transferred about $100,000 worth of Bitcoin to an online wallet they controlled. Even more high profile people have been faced with in-person attacks aimed at stealing Bitcoin. Chief Executive of a UK-based Bitcoin exchange called EXMO, Pavel Lerner, on leaving his offices in Kiev, was kidnapped just After Christmas last year and held ransom for a fee of $1 mln Bitcoin. A month prior to that, in Turkey, a businessman was forced to hand over the passwords for his virtual wallets which contained in excess of $3 mln. He was stopped by an armed gang in his car, in Istanbul. |
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Today's economy is either rising or falling depending on the consumers and sellers. If you join the Bitcoin, there is a high probability that you will gain something from your money because there are a lot of opportunities here. So my question is, "Where do you usually spend your money that you have gained here in Bitcoin?"
I am sure that we are really find a way for us to save our bitcoins. But there is really time that we need to spend our bitcoins. I want to save all of the bitcoins that I earned but bitcoin is my only source of income. I am spending my bitcoin to pay my bills and other payments. as for me, it is also the only source of income. Just want to be more skilled and educated to earn more than I have now CryptoComes.com
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