🚀 IMF has Entered the Chat... - Hallo sahabat
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🚀 IMF has Entered the Chat...
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🚀 IMF has Entered the Chat...
Companies left and right are loading up on Bitcoin as "reserves", are you sure you want to be left behind?
Hello Geckos! Like it or not, mainstream is coming here, guys!
Don't believe me? Just ask the International Monetary Fund! (Yes, the IM-frigging-F). Out of nowhere, the global financial institution publishes a 2-minute long video to educate its audience on crypto.
However, in typical IMF fashion, the video is decidedly outdated, flawed and biased. For one, the emphasis of "bad guys" using cryptocurrencies to "send money anonymously" attempts to paint the whole cryptocurrency industry with a dirty broad red brush. Hopefully the IMF do not forget UN's estimate where more than twice the entire crypto market cap worth of USD is being laundered, every, year. Talking about bad guys and USD, here's another timely news about bureaucracy and stolen money; up to 1,000 trader's personal tax information have been stolen from a crypto tax reporting service. Information stolen include customers' names, email addresses, payment processor profiles and messages sometimes containing cryptocurrency incomes. Yikes!
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CoinDesk
| | Software Startup Puts 40% of Cash Reserves Into BitcoinCanadian-based Snappa announced that it'll move a significant amount of its cash reserves into bitcoin (BTC), citing concerns of inflation and global economic uncertainty. In a personal blog post, co-founder Chris Gimmer explained his company's belief that traditional savings accounts are inferior to other options for growing cash reserves. The company did not mention the number of bitcoin it currently holds for "privacy reasons". (Fair enough) (Editor: Non-crypto companies buying into bitcoin as "cash reserve" is going to be a very normal thing soon. I don't know about you, but I'm mega bullish on BTC)
CoinDesk | | Bitstamp Relocates To Luxembourg After 8 Years In The UK Bitstamp is set to shift its operations from the United Kingdom to Luxembourg. This comes after 8 years of operating in London, and the reason for the move is apparently related to Brexit. According to Bitstamp, the relocation will not affect its services, and no action will be required from users. Customer accounts will be migrated to Bitstamp Europe SA from Bitstamp Limited.
CoinTelegraph
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