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High inflation occurs due to a variety of reasons that are different for each country, but there are common points that can be recognized in all of them. The traditional foundations of the national economy are at least partially broken; this disrupts the goods production and supply as well as the financial and commercial currents. Therefore, the prices increase while the most frequently used means of exchange — the national currency — keeps losing value. Since crypto does not exist in physical form and does not rely on traditional financial and other institutions, it can be one way of making the situation a bit easier by offering an alternative transaction system. The mission of crypto is to go beyond national and physical obstacles, serving the benefit of humanity as a whole. In high-inflation countries, crypto can serve as one of the bridges until the national economy is at a stable level. Here are some ways in which crypto can make a valuable contribution if internet and mob...

New research by the World Economic Forum (WEF) has identified over 65 ways blockchain tech can be used to address some of the most urgent environmental challenges facing the planet. Such networks could range from decentralizing management of natural resources like energy and water, to creating supply chains that help promote greater sustainability. They could also provide new funding mechanisms for raising the vast sums of money expected to be required to deliver “low-carbon and sustainable”. As CoinDesk has reported, blockchain projects are already addressing issues such as the sustainability of tuna stocks by tracking fish from origin to the high-street store, or exploring ways to reduce greenhouse gas emissions and boosting solar power projects via distributed trading. You probably know that crypto wallet is the first step to using bitcoins or crypto. When you travel, do not forget to replenish your mobile tariff plan on XcelPay Wallet which allows you to top-...

Slovenia is one of those countries where tax legislation gives every chance for planning a promising business in the field of blockchain technologies , cryptocurrency exchanges, mining and ICO innovations. Tax incentives and profitable tools allow you to make transactions with virtual currency with minimal risk, and in some cases, without tax obligations. To support international anti-money laundering requirements, Slovenian legislation on cryptocurrency transactions has been expanded. In 2019, the Bitcoin exchange, as well as a brokerage company, is recognized as a financial institution, which implies compliance with the requirements, including KYC for all procedures. Cryptocurrency tax in Slovenia in 2019 What taxes will you have to pay if you have your own mining or bitcoin exchange business in Slovenia in 2019? To date, the tax system for individuals and legal entities for operations with bitcoins and cryptocurrency is somewhat different. Individuals’ income i...

Gibraltar Blockchain represents more than just the future of finance, it’s a pivotal technological shift in how to do business globally. Though the technology is still in its infancy, Gibraltar recognized the massive potential early on and acted quickly. This is precisely what Gibraltar has achieved with ground-breaking DLT regulations and the formation of the Gibraltar Blockchain Exchange  — a world first — to facilitate ICOs and crypto-currency trading. By fully embracing blockchain, Gibraltar is on the fast track to becoming the FinTech capital of the world. It is a monumental achievement and, as the largest law firm in Gibraltar, Hassans International Law Firm can help you maximize this enormous potential. Blockchain Gibraltar Gibraltar’s reputation as a forward-thinking hub of global trade dates back to ancient times. Located at the junction of Europe, Africa and the Atlantic, it is often referred to as the crossroads of history. More recently, however, the B...

Bermuda Becomes 1st National Government to Accept Tax Payments in USDC Stable coin. Today, Bermuda has become the first government to accept payments for taxes, fees and other government services using USD Coin (USDC). Bermuda is allowed to pay taxes with cryptocurrency . This is the first time in history. Bermuda was the first in the world to pay taxes and state fees with stable coins USDC (USD Coin). The UK overseas government said the decision is part of a broader initiative to use “decentralized financial protocols and services.” This decision was made possible thanks to the introduced legal basis for cryptocurrency companies. Since 2017, a blockchain team has been working on the islands in cooperation with the Business Development Agency, which provides favorable conditions for the regulation of cryptocurrency. Circle, which launched USD Coin in 2018, has already opened a division of the Poloniex cryptocurrency exchange in Bermuda to serve foreign customers. ...

After visiting the famous sights of Valletta and Mdina, dive into the depths of Maltese culture at Marsaxlokk , a beautiful fishing town in southern Malta that’s famous for its colourful luzzu boats. From swimming in St Peter’s Pool and discovering historic forts, to browsing the Marsaxlokk fish market and dining alongside the island’s largest and most picturesque harbour, there’s plenty to see and do. Located just a 30-minute drive from the hotel, this is the perfect destination for a day trip to the southern shores of Malta. Gaze At Colourful Luzzu Boats Source: Google.com The vessels that bob in the harbour of Marsaxlokk are more than your average fishing boats. Known as luzzu, these traditional and distinctive Maltese boats are brightly painted in primary colours. In keeping with traditions dating back to Phoenician times, the eye of Horus (an ancient Egyptian symbol of protection) is painted on the front bow to protect fishermen out at sea. The boats are at...

Bitcoin cold wallet — a type of wallet that involves storing a private key outside the global network. Such storage is highly reliable and safe from tampering. The use of cold wallets is relevant in the presence of large amounts of cryptocurrency and the need to store them for a long period. The peculiarity of cold storage is that a public key is used to receive money, and the private key is used for withdrawal. If the money from the wallet is transferred using the global network, the wallet is “lit up”, and the storage process itself changes the status to “hot”. Mobile — wallets that allow transactions using a smartphone. It’s worth highlighting the Coinomi application, which also supports cold storage of cryptocurrency. Hardware wallets are special devices with a small size and display. They are designed to store cryptocurrency and are made in the form of a separate device. The best representatives are Ledger Nano S, Trezor ONE White, KeepKey. Paper wallets are a ty...