Category Archive : Albania

Facebook partners with Coinbase for digital wallet initiative

Facebook has joined forces with Coinbase on a new effort to create a digital wallet that allows people to send money internationally without any fees.

Facebook’s Novi, which has been in the works for years, will be running pilot programs in the US and Guatemala, according to a letter from Facebook. Novi is available to anyone in the US except those living in Alaska, Nevada, New York and the US Virgin Islands. 

The tool lets people send USDP — a stablecoin pegged to the price of the US dollar — which can then be withdrawn in a local currency. USDP is one of a number of cryptocurrencies pegged to the US dollar. 

In a blog post, Coinbase explained that it is providing Novi with its proprietary, fully segregated cold storage capability for managing private keys called Coinbase Custody. 

“Coinbase Custody is a leading crypto-native platform and custodian that securely manages $180 billion of crypto assets on its platform. Over the past nine years, Coinbase has developed deep expertise in secure and scalable crypto infrastructure, which we initially built to power our own first party…

Read more at www.zdnet.com

Newcastle eye Ralph Rangnick as sporting director with Steve Bruce close to sack – Paper Talk | Football News

All the top stories and transfer rumours from Monday’s national newspapers…

DAILY TELEGRAPH

Steve Bruce is expected to be sacked as Newcastle United manager ahead of the club’s first match under its new ownership next weekend.

Newcastle’s owners have also been considering a move for Ralf Rangnick, among a number of candidates, to become the sporting director.

THE SUN

Arsenal are considering a shock swoop for former player Alex Oxlade-Chamberlain.

Harry Kane ‘loves Tottenham’ and will play a key role in the club’s rebuild, according to the club’s transfer chief Fabio Paratici.

Image:
Steve Bruce’s time at Newcastle could be coming to an end, according to reports

Former Arsenal star Mesut Ozil will launch his own cryptocurrency this week.

Newcastle are planning a mass transfer raid on Manchester United with four outcasts reportedly in their sights.

Neymar has sensationally revealed the 2022 World Cup will be his last as he struggles to cope with the pressure of international football.

DAILY MAIL

Tottenham executive director Donna-Maria Cullen has been bringing her dog to the club’s training…

Read more at www.skysports.com

CNWE’s cryptocurrency activity represents 25% of the global activity

Central, Northern, and Western Europe (CNWE) has received over USD 1 trillion worth of cryptocurrency over 2020, which represents 25% of global activity.

CNWE’s transaction volume grew significantly across virtually all cryptocurrencies and service types, but especially on DeFi protocols. An influx of institutional investment, signalled by large transactions, drove most of the growth, though retail activity also increased.

Large institutional cryptocurrency transaction value grew from USD 1.4 billion in July 2020 to USD 46.3 billion in June 2021, at which point it made up more than half of all CNWE activity.

Looking at CNWE’s top five services by transaction volume each month for 2020 shows the impact DeFi has had. DeFi protocols represent three to four of the top five services in most months, with Uniswap, Instadapp, and dydx making frequent appearances. Binance and Coinbase, meanwhile, remain the most popular centralised exchanges.

CNWE’s biggest trading partner is North America, followed by Eastern Asia, Central and Southern Asia, and Eastern Europe. Services contributing to this dynamic include eToro, Bitstamp, and CryptoKitties.

The UK leads the…

Read more at thepaypers.com

Cryptocurrency Lending vs. Bank Lending

The Western Balkans region is rebounding from the COVID-19-induced recession of 2020, thanks to a faster-than-expected recovery in 2021, says the latest edition of the Western Balkans Regular Economic Report, Greening the Recovery.

The outlook for the region has improved significantly, with GDP growth now projected to reach 5.9 percent in 2021, after a 3.1 percent contraction in 2020. Growth in the region is projected at 4.1 percent in 2022 and 3.8 percent in 2023.

Driven by a rapid recovery in tourism, Montenegro’s economy is projected to rebound strongly by an estimated 10.8 percent in 2021, the highest rate among the six Western Balkan countries. Strong peak summer season has supported a rebound in tourism revenues, which are likely to reach close to 75 percent of their 2019 levels, from 55 percent previously estimated.

The rebound of economic activity has boosted government revenues, which coupled with careful fiscal management have led to a reduction in fiscal deficit from 11 percent of GDP in 2020 to an estimated 4 percent in 2021. Maintaining fiscal prudence in the medium term will be critical, as uncertainties loom.

“The economic crisis…

Read more at moderndiplomacy.eu

Liquid Review 2021: Is Liquid Exchange Legit?

The advent of cryptocurrency has revolutionized the process of economic transactions in the domain of global finance. The commodity market has experienced a perennial influx towards virtual exchange systems which will ensure exciting times ahead for cryptocurrency exchange platforms. The growing need for a compact cryptocurrency exchange platform has led to the emergence of a number of firms. However, very few have actually been able to cater to the needs of the customers. 

Liquid Summary

Headquarters Tokyo, Japan
Found in 2014
Native Token None
Listed Cryptocurrency 80+
Trading Pairs 150+
Supported Fiat Currencies USD, EUR, JPY, AUD, HKD, SGD
Supported Countries World Wide Except Albania, Bahamas, Barbados, Botswana, Cambodia, US, and more.
Minimum Deposit N/A
Deposit Fees Free
Transaction Fees Depends on Currency & Payment Methods
Withdrawal Fees Depends on Currency
Application Yes
Customer Support Mail, Help Center, & Social Network Support

Liquid happens to be one of those successful organizations which have rightly guided and served its customers through its well-developed technical infrastructure and financial knowledge. This article is…

Read more at www.cryptonewsz.com

Cryptocurrency Industry, Bi-Partisan Group of Senators Criticize Provision of Senate-Passed Infrastructure Bill

On August 10, 2021, the U.S. Senate passed the USD 1 trillion infrastructure bill, known formally as the Infrastructure Investment and Jobs Act (Infrastructure Bill). The Infrastructure Bill includes provisions for approximately USD 550 billion in new federal spending over 10 years on various transportation, broadband, utilities and other infrastructure projects.

Various revenue raising provisions are earmarked to offset the additional spending. Among those revenue raising provisions, the Infrastructure Bill contemplates that USD 28 billion in income tax attributable to the disposition of digital assets will be collected over 10 years. The Infrastructure Bill anticipates generating this revenue by facilitating compliance with digital asset users’ tax payment obligations by imposing reporting requirements on ‘‘brokers’’ of ‘‘digital asset’’ transfers. Digital assets for purposes of these amendments is meant to include cryptocurrencies.

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* Article was first published in the Tax Management Memorandum


Author
David Zaslowsky

David Zaslowsky chairs the Litigation Department of Baker…

Read more at www.globalcompliancenews.com

Bitcoin: The Best Cryptocurrency Nowadays | Sponsored | state-journal.com – State-Journal.com

Bitcoin: The Best Cryptocurrency Nowadays | Sponsored | state-journal.com  State-Journal.com
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Best Cryptocurrency Exchanges | Sponsored | state-journal.com – State-Journal.com

Best Cryptocurrency Exchanges | Sponsored | state-journal.com  State-Journal.com
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Amazon posted a crypto job, causing Bitcoin prices to soar


Amazon listed a job opening for a digital currency and blockchain product lead, sending cryptocurrencies soaring Monday.


Bitcoin climbed to a six-week high of nearly $39,043, while ethereum reached $2,363. Dogecoin was last trading at about 22 cents per coin, giving it a $28.8 billion market cap. As of Monday afternoon, both bitcoin and dogecoin had soared more than 14% over the past 24 hours, according to Coinbase. And ethereum went up nearly 12% over that period.


Typically, when Amazon is rumored to enter a new market, stocks of soon-to-be rivals tumble. But Amazon’s job listing had the opposite effect Monday, generating buzz about the tech company’s future involvement with cryptocurrencies and its potential to further legitimize the nascent digital currency sector.


In Amazon’s listing, which was posted Friday, the company says it is looking for someone with a “deep understanding” of the “cryptocurrency ecosystem and related technologies.”


The role would be part of Amazon’s payment acceptance and experience team, according to the job description, perhaps implying that the e-commerce giant could accept cryptocurrencies as payment in the near…

Read more at www.ctvnews.ca

Turkey’s ‘Crypto King’ fiasco is a warning shot for alt-asset investors worldwide

200314 trading crypto
Four months ago, Faruk Fatih Ozer, the founder of Thodex, a cryptocurrency exchange, fled Turkey to Albania, after he raised $2 billion from hundreds of investors.
Image Credit: Shutterstock

Before talking about the fleeing of the ‘Crypto King’ with a staggering $2 billion, it would surprise no one if his story…

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