Saudi Arabia’s Riyadh may be crypto’s sleeping giant: Crypto City Guide

Bitcoin (BTC) price has retreated by more than 40% after topping out near $65,000 in mid-April. But that is not enough to derail the flagship cryptocurrency's long-term bull trend, especially as global markets grapple with declining national currencies and the prospect of a commodity market crash.So believes Mike McGlone, the senior commodity strategist at Bloomberg…

Bitcoin (BTC) has a substantial liberating potential, American mainstream newspaper Time reports on Dec. 28.The aforementioned article claims that “speculation, fraud, and greed in the cryptocurrency and blockchain industry have overshadowed the real, liberating potential of Satoshi Nakamoto’s invention.”According to the article’s author, Bitcoin “can be a valuable financial tool as a censorship-resistant medium of…

CEO and founder of hedge fund Three Arrows Capital (3AC) Zhu Su tweeted that he has “abandoned Ethereum despite supporting it in the past,” before making a U-turn on the statement. In the Nov. 21 thread, Su claimed that Ethereum culture “suffers massively from the Founders’ Dilemma,” and that “everyone is already far too rich to…

Kraken's Marco Santori points to the adversarial stance taken by some crypto firms towards regulators. 663 Total views 3 Total shares In the midst of a fraught period for some high-profile United States crypto firms and financial regulators, Kraken’s chief legal officer (CLO) is calling for a dose of pragmatism going forward.Speaking on Bloomberg’s “QuickTake Stock”…

Virtual Reality (VR) movies add a new dimension to entertainment by immersing viewers in a fully-realized three-dimensional environment. The immersive experience can transport viewers to new and exciting worlds, allowing them to fully explore and interact with their surroundings. This adds interactivity and engagement that classic movies cannot match. VR movies can also provide a heightened…

Republic of Georgia has exempted cryptocurrencies from value-added tax (VAT), as Bitcoin.com reported on July 13.Per the report, Georgia’s finance minister Nodar Khaduri recently signed a bill aimed at regulating the taxation of entities that trade or mine cryptocurrencies. The bill entered into force at the end of June. The definition of decentralized currency that…

The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including outages during periods of extreme volatility. 257 Total views 10 Total shares The International Monetary Fund’s Financial Stability Board said the growing adoption of cryptocurrencies could potentially increase the risks to the…

Investors could be mistakenly linking the bank with the 2017 Bitcoin hard fork, causing a spike in price and trading action. 2699 Total views 23 Total shares A long-forgotten Bitcoin (BTC) hard fork has surged almost 200% in a week — simply because traders are buying the wrong altcoin.Bitcoin Gold (BTG), a relic from the…