Bitcoin adoption is growing dramatically in Canada, but the rate of cryptocurrency fraud is also increasing at a worrying speed. Between 2017 to 2020, digital currency-related fraud in Canada rose by about 400%, as per the report by RCMP.
With everything seeming to be going digital in this Covid-19 pandemic era, the tokenization of payment systems is growing at a high rate across the globe. Blockchain and fintech is now the next big thing.
Tezos’s downtrend has reached an alarming rate as sellers threaten to push prices beyond the previous lows. Today, the coin has fallen to $2.34 as price action shows bearish signals of further decline.
Law enforcement agencies make their best efforts to combat criminals performing drug transactions via the darknet. On August 24, the Indian Narcotics Control Bureau arrested a young man for buying ecstasy pills using Bitcoin.
Japanese Deputy Prime Minister and Finance Minister Tarō Asō said he disagrees with the plan to lower the cryptocurrency tax to the same level as stocks. At the meeting of the Finance Committee of the House of Representatives, he stated that there was no intention to lower the cryptocurrency tax rate to 20%.
With the spread of smartphone-based apps and commission-free independent trading platforms, investing becomes accessible as never before. Now, in the times of Covid-19, many traders and brokers have a rare opportunity to play on market setbacks and turn them into a positive return.
In the past 24 hours, Bitcoin (BTC), the market's number one digital currency, has continued to increase slightly, changing hands at around $7,788. Bitcoin may be preparing for another massive bull run like that happened sometime back.
Some well-known industry players, such as Google and Apple, have to take up extra measures to shield cryptocurrency users from scams during pandemics. Their efforts will now be directed at blocking malicious advertisements on the internet as well as protecting mail users from phishing emails.