Over the last few years, South Korea has become a hotspot for cryptocurrencies and the region captures a large amount of the world’s digital asset trade volume. A survey published on April 20 by the Korea Financial Investment Association shows that the average South Korean cryptocurrency trader has increased their crypto holdings by 64.2% over […] The post Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year appeared first on Bitcoin News. https://news.bitcoin.com/survey-shows-south-koreans-increased-crypto-holdings-by-64-last-year/

Accepting cryptocurrency payments in your store doesn’t require specialist hardware or complex integration – Paytomat is proof. The crypto payment gateway enables merchants to accept 18 cryptocurrencies including BCH using their existing equipment. To date, hundreds of brick and mortar stores across four continents have added crypto support using Paytomat. Also read: Crypto-Based Transfers Can […] The post Paytomat Enables Merchants to Accept 18 Cryptocurrencies In-Store appeared first on Bitcoin News. https://news.bitcoin.com/paytomat-enables-merchants-to-accept-18-cryptocurrencies-in-store/

Remittances have become a lifeline for many people in Sub-Saharan Africa, but the cost of sending money via banks and money transfer operators remains punitively high. On average, it costs 9.3% (of value transferred) to send the equivalent of $200 to the region, the highest remittance rates anywhere on the planet, according to the new […] The post Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90% appeared first on Bitcoin News. https://news.bitcoin.com/crypto-based-transfers-can-cut-remittance-costs-in-africa-by-90/

Japan is preparing to share its experience regarding cryptocurrency regulation with finance ministers and central bank governors from other G20 countries at the upcoming summit which it will host in June. According to local media, Japanese regulators have a solution for crypto regulation to offer the G20 countries. Also read: Indian Supreme Court Postpones Crypto […] The post Japan to Provide G20 With Solution for Crypto Regulation appeared first on Bitcoin News. https://news.bitcoin.com/japan-g20-cryptocurrency-regulation/

From America to the United Kingdom and from Russia to Australia, cryptocurrency taxation in major bitcoin strongholds is complicated. Contradictory or non-existent laws, excessive red tape, and maddeningly vague guidelines have conspired to make the tax-paying process more arduous than it need be. Now, a number of advocates are pushing for simplified crypto tax guidelines. […] The post How Ambiguous Regulations Complicate Crypto Taxation appeared first on Bitcoin News. https://news.bitcoin.com/how-ambiguous-regulations-complicate-crypto-taxation/

Last February, news.Bitcoin.com first reported on the Venezuelan cryptocurrency the petro (PTR) launched by President Nicolas Maduro. Initially, many media reports assumed the digital currency might be phony or nonexistent. However, recent data from a few exchanges and from Venezuelans trading the asset on social media suggests the nation-state issued cryptocurrency is quite real and […] The post OTC Groups and State-Sanctioned Exchanges Start Trading Venezuela’s Petro appeared first on Bitcoin News. https://news.bitcoin.com/otc-groups-and-state-sanctioned-exchanges-start-trading-venezuelas-petro/

A leading Israeli university is suing one of its own senior staff members for allegedly creating a zero-knowledge proofs technology company based on the intellectual property the professor developed while working for the institution. Also Read: Will Belarus Be the First Country With Nuclear-Powered Bitcoin Mining? The Technion Wants a Piece of Starkware The Technion […] The post Israeli University Sues Professor for Zero-Knowledge Proofs Technology appeared first on Bitcoin News. https://news.bitcoin.com/israeli-university-sues-professor-for-zero-knowledge-proofs-technology/

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According to the founder of Airdrop Venezuela, the charity that aims to donate US$1 million worth of cryptocurrencies to Venezuelans, the nonprofit has registered 60,000 beneficiaries and raised $292,000 in donations so far. Moreover, bitcoin cash (BCH) has led the pack as far as the most donations are concerned with roughly 670 BCH ($194,900) gifted […] The post Crypto Charity Airdrop Venezuela Raises $292K – Mostly in BCH appeared first on Bitcoin News. https://news.bitcoin.com/crypto-charity-airdrop-venezuela-raises-292k-mostly-in-bch/