Skyrocketing Inflation in Venezuela Increases Bitcoin Trading Volume

Inflation in Venezuela has reached alarming levels in the last months. According to some reports, Venezuela could have an inflation of 10,000,000 per cent this year. The country has also been embracing different virtual currencies. Because of this economic situation, Bitcoin trading volumes have also skyrocketed. Venezuela Economic Problems Increase Bitcoin Demand It is not possible to have a clear […]

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World's Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe

Europe’s top banks allegedly helped wealthy clients across the continent steal 55 billion euros ($63 billion) from multiple governments by making tax reclaims to which they were not entitled, an investigation has revealed. The theft centred around a complex scheme of trading stocks that also involved hedge funds and large international commercial law firms. Undercover Journalists Uncover ‘the Biggest Tax […]

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Bitfinex: The Rumors of “Insolvency”, Banking Partners’ Escape, and the Suspension of Fiat Deposits

On October 8, Hong-Kong-based exchange Bitfinex has announced that it is not under the immediate threat of insolvency and the related rumors are unsubstantiated, as well as false. According to the company’s press release, all cryptocurrency and fiat withdrawals are and have been processing as usual without the slightest interference. After some mild clarifications, tension is rising in the crypto […]

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