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Day: April 9, 2018

cryptocurrency April 9, 2018

Things may be looking up for Ethereum’s native token, ether (ETH). Advertisements Having suffered a 50 percent decline in March, the world’s second-largest cryptocurrency by market value fell to $394 by April 1 – the lowest level since Dec. 7, according to Bitfinex data. However, at the time, ETH was extremely oversold, with the 14-day […]

cryptocurrency April 9, 2018

The views expressed here are the author’s own and do not necessarily represent the views of Cointelegraph.com Advertisements Ethereum has four milestone phases in its development post-release; Frontier, Homestead, Metropolis, and Serenity. Ethereum is currently in phase three – Metropolis version Byzantium. However, Ethereum has had a difficulty bomb – a protocol that makes mining […]

cryptocurrency April 9, 2018

On Friday, the State Bank of Pakistan prohibited regulated entities from facilitating cryptocurrency-related transactions. Within hours, Urdubit announced its closure. Advertisements On April 6, 2018, Muhammad Akhtar Javed, director of the State Bank of Pakistan (SBP), issued a circular entitled “Prohibition of Dealing in Virtual Currencies/Tokens.” Virtual currencies and tokens issued through initial coin offerings […]

cryptocurrency April 9, 2018

SARS recently clarified that, for now, it will not be creating new tax rules for cryptocurrencies. Gains and losses will need to be reported as assets under existing laws. Advertisements As announced on April 6, the South African Revenue Service (SARS) will be treating cryptocurrencies as “assets of an intangible nature,” not as traditional currencies, and […]

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