What to Know Before Trading Monero

What to Know Before Trading Monero While hundreds cryptocurrencies have been launched and many have attempted to provide users with greater privacy, they have seen varying levels of success. Bitcoin, the first cryptocurrency, was originally touted as providing users with anonymity. The cryptocurrency’s protocol attempted to offer a high level of privacy by shielding user identities…

Who Needs an Exchange? Three Unconventional Ways to Acquire Bitcoin

Who Needs an Exchange? Three Unconventional Ways to Acquire Bitcoin Just recently we reported on four bitcoin exchanges that require very little identification. Alongside these peer-to-peer platforms, there are also other ways to purchase bitcoin without using a traditional exchange. There are other more unconventional methods, like purchasing bitcoin at a convenience shop or even…

Russia’s Central Bank Drafting Proposal to Classify Bitcoins as Digital Goods

Russia’s Central Bank Drafting Proposal to Classify Bitcoins as Digital Goods Classifying Bitcoins as Digital Goods The Deputy Governor of the Central Bank of Russia, Olga Skorobogatova, revealed on Thursday that the bank has proposed to classify cryptocurrencies, including bitcoin, as digital goods for tax purposes. Sputnik International reported her saying: Two months ago we held…

Ethereum Classic Becomes Fifth Largest Cryptocurrency, Briefly Beats NEM, Litecoin

Ethereum Classic Becomes Fifth Largest Cryptocurrency, Briefly Beats NEM, Litecoin Ethereum Classic has become the fifth largest cryptocurrency in the world after surpassing the market cap of Litecoin. Briefly, Ethereum Classic also overtook NEM, the fourth largest cryptocurrency with a significantly high daily trading volume. The daily trading volume of Ethereum Classic remains larger than…