Experts Discuss Future Bitcoin Price Movement Expectations

Experts Discuss Future Bitcoin Price Movement Expectations

The Bitcoin price has always been subject to a lot of speculation and expectation. It is rather difficult to predict how cryptocurrency valuations evolve these days. Now that Chinese exchanges are no longer offering leveraged margin trading like before, things are looking very good. Contrary to what some people expected, Bitcoin’s price has not diminished. In fact, the value has gone up again now that market stability has been achieved. It should come as no surprise to anyone the recent changes among Chinese exchanges have been positive. When the PBOC initiated their investigation, cryptocurrency enthusiasts showed signs of concern. A lot of people assumed this would be the first step towards regulating Bitcoin in China. Although there are some consequences...

Criminals Use Bitcoin To Commit Tax Refund Fraud

Criminals Use Bitcoin To Commit Tax Refund Fraud

The dark web remains a premier marketplace for stolen credentials and other information these days. With the 2016 tax season in full effect in the US, scammers are collecting information at every possible turn. With the stolen information,  criminals can commit tax refund fraud. Even people who aren’t bothered to steal the information themselves, buying the details from the deep web has become relatively easy these days. It is evident the 2016 US tax season is a treasure trove for criminals all over the world. With so much personal information being transmitted over the internet, intercepting these details can be quite lucrative. Either criminals use the information for fraudulent tax refund claims themselves, or sell the details on the dark web. Selling...

IMF Warns About Greece’s Explosive Debt Situation

IMF Warns About Greece’s Explosive Debt Situation

According to the IMF, Greece has a maximum of three weeks to deal with its looming debt. For the time being, the government suffers from a deadlock in their talks with creditors.Either Greece agrees to additional austerity, or introduces fresh elections. Neither solution is worth considering for the government right now, although a solution has to be found. The IMF predicts Greece’s debt load will become “explosive’ in the next 15 years. Everyone who has kept an eye on the financial sector will be aware of Greece’s debt problems. Ever since the country received a bailout, there have been issues when it comes to repaying the debt. Finding a compromise can be quite difficult, although it appears there is some stubbornness on the side of the...

Blockchain-Friendly Congressman Faces Hearings for Trump Budget Role

A blockchain-friendly member of Congress faced confirmation hearings on Capitol Hill yesterday in his bid to join the Trump administration. Representative Mick Mulvaney, a Republican from South Carolina, was nominated in December by then-President-elect Donald Trump to head up the Office of Management and Budget, which would make him the White House’s point person on budgetary matters. According to the Washington Post, Mulvaney ran into a hiccup or two during his hearings. The conservative US Representative drew fire from Democrats because of a failure to pay $15,000 in federal taxes related to a household employee. Describing it as “a mistake in my family”, Mulvaney said the amount has since been paid. Elsewhere, he defended his past positions on federal...

China Unveils Five-year Financial Regulation Plan

China Unveils Five-year Financial Regulation Plan

China is planning to introduce some major changes in terms of market regulation. By the year 2020, China wants to address fake goods, food, and drug safety issues. Moreover, the government wants to impose more consumer protection measures, as there is a severe lack right now. An intriguing development, as this news goes to show some big changes are happening in the financial department. It remains unclear if this will have an impact on bitcoin in China, though. It is evident China wants to strengthen its market regulation moving forward. right now, there are a lot of questions regarding the validity of official economic growth numbers. Moreover, consumer protection measures are hard to come by, a situation that needs to be addressed sooner rather than later....