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pltc, storage, daily, week 37, cryptocurrencies, news, PlatonCoin

While cryptomarkets are extremely volatile, PlatonCoin holds the ground

It is quite common that cryptocurrencies are being compared to national currencies or else fiat currencies or stocks or commodities. Such comparison has to result in an observation that cryptocurrencies are not as stable as all the above mentioned investment classes.  Stability and volatility However stability is not the same as zero volatility. Cryptocurrencies are…

companies, daily, news

Hot news: Big banks object to new rules

Key message: Big banks like JPMorgan Chase and Deutsche Bank are opposing new rules where they would have to set aside $1 of capital for every $1 held in cryptocurrency. The rules were proposed in June by a group of global central bankers and regulators, also known as the Basel Committee on Banking Supervision (BCBS)….

state security, chainalysis, daily

Hot news: has been hacked

Key message: The official website has been hacked, with visitors receiving a fraudulent message that the Bitcoin Foundation is giving back money to the community and that money will only be given out to the first 10,000 users. The scammer pocketed $17,000. The security failure was reported by users on Thursday morning. and…

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Hot news: Salvadoran government exempts foreign investors in cryptocurrencies from profit tax

Key message: According to the Salvadoran government, foreign investors in El Salvador will be exempt from profit tax from BTC, said Javier Argueta, the legal advisor to the Salvadoran government. This is a development to further encourage entrepreneurs and investors to enter the country. Profit tax So if a foreign investor owns Bitcoin and makes…

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