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Invezz
Ben Gabriel
Bio:
Ben was a reporter for Invezz covering the crypto markets. He's a technology and cryptocurrency geek having enjoyed immersing himself in the culture. Ben's motto is to research deeply, test thoroughly, and write simply.
56 articles by Ben Gabriel
Cryptocurrency taxation: Who’s paying and who’s not – a country-wise analysis by Divly
It is a widely recognized tradition of businessmen and investors globally who try to hide their actual income to reduce their tax burden. The cryptocurrency industry, with estimated 420 million users worldwide, follows suit. As per the latest report dubbed Global Cryptocurrency Taxation Report 2022, about 0.53% of the entire…
April 10, 2023
Paxful halts operations amidst U.S. regulatory pressures and internal turmoil
After weathering through long-winter bears, Paxful has become the latest victim of the U.S. strict regulation policies. Paxful’s CEO, Ray Youssef, issued a statement early Tuesday on the platform’s webpage, informing its community about halting all its operations indefinitely. The CEO is pessimistic about the platform’s future. Paxful, a…
April 6, 2023
Allbridge attacker gives back $465k of stolen funds
Allbridge, the latest victim of cyber-attacks, has issued a statement to inform its fraternity about the ongoing developments via its official Twitter space. Per the statement, the multichain token bridge has received $465k worth of BNB tokens from the hacks’ perpetrators. The remaining lost amount is retained as a…
April 5, 2023
Ethereum creator Vitalik Buterin pushes for implementation of zk-EVMs
Ethereum Founder Vitalik Buterin suggests using zero-knowledge Ethereum Virtual Machines (zk-EVMs) on the Ethereum primary level. In a blog post, he believes integrating both will increase the platform’s verification process speed without affecting the network decentralization or security. The compatibility of zk-EVMs with Ethereum’s multi-client approach Vitalik Buterin,…
April 4, 2023
IRCI survey finds over 43% of Singaporeans now own cryptocurrency
According to a recent survey conducted by Independent Reserve, Singapore’s first regulated cryptocurrency exchange, 43% of the 1,500 respondents from Singapore reported owning some amount of cryptocurrencies. A slight increase from the previous year when the number was estimated to be around 40%, while adoption levels were at 43%…
April 4, 2023
Bitcoin ATM network records largest monthly decline with over 3,600 ATMs shutting down
Even though the mass adoption of cryptocurrencies is gradually growing globally, the year 2023 has seen a rare decline in Bitcoin ATMs installation. Coin Atm Radar, which tracks the net number of crypto ATMs worldwide, depicts that around 5,500 crypto ATMs went offline during the first three months of…
April 2, 2023
Dutch Police impounds $30 million worth of Bitcoin from perpetrators
A fraudulent couple met an unexpected end to their dubious business when the Dutch police caught them with over 2500 Bitcoin worth $33 million. The Rotterdam District Court has sentenced the couple to two years’ imprisonment for money laundering. According to reports, this couple has been in the business…
November 2, 2020
Verizon implements Ethereum Blockchain to track press releases
Verizon announced that it is launching a new tech that will record press releases through Ethereum blockchain. This news took the community by surprise, but it’s a step in the right direction. According to Verizon, their new system is called Full Transparency, and it is based on blockchain technology.
November 1, 2020
Chinese Digital Yuan to get featured in upcoming Huawei smartphone
Huawei is set to release a new smartphone that will offer a wallet for users of China Digital Yuan. They made this announcement yesterday the 30th of October through the Huawei Post and it has put the crypto community in a state of anticipation. This new smartphone…
November 1, 2020
Swiss Authority approves Russian bank’s request to launch cryptocurrency custodial service
The Russian Government seems to frown at launching cryptocurrency custodial service in Switzerland. That’s why some of the private players in the banking sector depend on their subsidiaries to launch abroad. On the 29th of October, one of the privately-owned banks in Russia announced that the Swiss financial regulator…
October 31, 2020
The U.S. may soon adopt blockchain in military weaponry operations
Given the increasing popularity and adoption of Blockchain technology, it’s not surprising that world power may soon adopt it. The DoD organized a competition in a bid to improve its military weaponry and infrastructure. Many big companies in the industry participated in the entry competition but SIMBA Chain…
October 31, 2020
Report shows governance of most DeFi projects is still centralized
In a recent report by Monday Capital and DappRadar, the top holders in many Defi projects still control higher amounts of the token. Their analysis of governance proposals and token distribution revealed the same in most of the prominent Defi projects. One of the high points of DeFi projects…
October 31, 2020
Charles Hoskinson suggests hosting next elections on Cardano blockchain
The founder of Cardano and co-founder of Ethereum aims to achieve blockchain voting on the Cardano network. He believes that his network can provide a solution that will make it possible even down to national voting processes. According to Charles Hoskinson, they have been building an infrastructure that’ll make…
October 31, 2020
Latest IRS draft shows how to file taxes on your cryptocurrency transactions
IRS Tax forms have a new filing method for cryptocurrency transactions, and they announced it a few days ago. The internal revenue service tax forms are used by organizations, individuals, and other taxpayers to report their financial information’s in the traditional finance systems. It is also used by…
October 31, 2020
Cryptocurrencies are here to stay, says Jack Ma
The founder of Alibaba, Jack Ma, states that cryptocurrencies are the future of finance. In his speech, he said that digital currencies are here to stay. And global regulation of digital coins is bad for the world’s economic stability. Regulators are stiffing the role of financial innovation, which is…
October 31, 2020
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