The South African Revenue Service will continue to apply “normal income tax rules” to cryptocurrencies such as bitcoin and has urged taxpayers to declare cryptocurrency gains or losses as part of their
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The South African Reserve Bank said on Tuesday that it will complete a review into cryptocurrencies, including bitcoin, before the end of 2018. The objective is to “inform an appropriate policy framework and regulatory regime
The US$500m heist of digital tokens from Japanese exchange Coincheck on Friday is remarkable for its sheer size, but thefts in the lightly regulated world of cryptocurrencies are woefully frequent. In less than a
There’s a compelling reason to consider what’s going on with cryptocurrencies a purely speculative boom-and-bust roller-coaster: over a three-month period, the prices of all the top coins and tokens are rather strongly correlated
Bitcoin slumped as South Korea’s justice ministry reiterated a proposed ban on cryptocurrency venues, fuelling concern that a government crackdown will erode one of the world’s biggest sources of demand for digital currencies
Bitcoin is showing no signs of slowing down, blowing past $9 000 less than a week after topping $8 000 and now quickly closing in on five big figures. The price of the largest cryptocurrency by market value is soaring as it gains greater
Should central banks embrace cryptocurrencies, or even pioneer their own? In a nutshell, no. Crypto assets are an unusual innovation, still in flux and often poorly understood. Trying to centralise them in a bureaucracy is exactly
The bitcoin rate spike, still alive despite bitter divisions in the community that supports the cryptocurrency, has laid bare the biggest problem with bitcoin: compared with fiat currencies, it’s painfully
Jeff Garzik, one of a handful of key developers who helped build the underlying software for bitcoin that is known as blockchain, has seen its shortcomings firsthand. So he decided to create a better digital currency. He’s calling it metronome and
A rapidly growing number of companies are taking advantage of cryptocurrencies to raise massive amounts of funding through what are called initial coin offerings, or ICOs. It is not just technology companies that