The role of cryptocurrencies like bitcoin has been a topic of discussion during the Russian invasion of Ukraine, particularly due to the economic sanctions placed on Russia. Cryptocurrencies are also playing a role in helping Ukrainian refugees move money out of the country due to their ability to cross borders regardless of rules or regulations.
The cryptocurrency market has developed at a rapid pace over the last few years. For consumers, cryptocurrencies can offer a cheaper and faster peer-to-peer payment option compared with traditional money services, as well as enhanced privacy and protection. As these currencies continue to gain momentum and investors generally appear confident about the opportunities associated with
2021 was a big year for cryptocurrency, skyrocketing investors’ interests and discussions in popular culture. But what’s next? The crypto industry is constantly evolving. While it’s impossible to predict precisely what will happen in the long term, we can follow current themes from regulation to the adoption of crypto payments to better understand the market.
Cryptocurrencies – particularly Bitcoin – have made it mainstream in recent years, making them almost impossible to ignore. Yet, a veil of mystery surrounds the subject, especially when it comes to crypto tax. Thankfully, HMRC was one of the world’s first tax offices to release clear guidance on cryptocurrency tax in the UK – and
Described by many economists as the ‘future of money’, cryptocurrencies are big news taking the world by storm. Spearheaded by Bitcoin, which launched in 2008 as the first-ever cryptocurrency, there are now thousands of these digital assets growing day by day. However, that doesn’t make it any easier to grasp. So, if you find yourself
One of the world’s largest cryptocurrency markets, China, has ruled that transactions of cryptocurrencies are illegal, banning all digital tokens such as Bitcoin and other major coins. According to a notice published on The People’s Bank of China’s website, it means crypto-related transactions will be considered illicit financial activities. While it may be illegal for
As with any investment, Bitcoin and other cryptocurrencies often make for high-risk, high-reward choices. As such, it’s important to carefully weigh up the risks against the potential gains before deciding whether to invest your hard-earned savings into crypto. So, let’s look at both sides of the coin: what are the pros and cons of investing
PayPal has officially claimed its entry into the crypto market, giving its UK users the ability to buy, sell and hold Bitcoin on its platform. With over 400 million active users worldwide, the major player in finance has pledged to make cryptocurrency ‘a funding source for purchases’, marking a pivotal moment for cryptocurrencies and their
Many people call cryptocurrency the next step in the evolution of money. Since we have never had money like it before, it’s normal to question the concept and compare it with traditional currencies. “Business owners need to stay informed on financial trends in order to take advantage of new opportunities,” says Granville Turner, Director at
As the name suggests, cryptocurrencies are an emerging currency based on cryptography. Bitcoin is the most famous example, but new ones are being launched all the time. But with so much information out there about cryptocurrencies, it can all get a bit bemusing. “As it happens, cryptocurrencies have been in existence for quite some time,