Service

A service is one of the "intangible goods" that can be described as a transaction in which no goods but rather a beneficial favor is transferred from the seller to the buyer. Services can not be manufactured, transported or stocked.

The first services on the cryptocurrency market are mining, storing, trading and exchange. Following the growth of the cryptocurrency sector, the amount of services available to be purchased via bitcoins and altcoins is continuously growing. 

Crypto Nation Is Growing: Switzerland Improves Environment for Blockchain and Cryptocurrency
Jul 01, 2020 at 12:50
News
Crypto Nation Is Growing: Switzerland Improves Environment for Blockchain and Cryptocurrency
Dubbed Crypto Nation for its friendly stance for innovations including blockchain and cryptocurrency, Switzerland confirmed the name once more. A new legal package passed by the Swiss Federal Council is going to remove all existing legal barriers for startups.
Crypto Newbie: 5 Reasons People Lack Trust in Bitcoin
Jun 28, 2020 at 09:02
News
Crypto Newbie: 5 Reasons People Lack Trust in Bitcoin
Despite the interest in bitcoin as well as other cryptocurrencies has grown rapidly, there are still lots of people that are cautious about it. While faithful adepts of the crypto industry argue that cautiousness is caused by the lack of awareness, there might also be other reasons for the lack of trust.
Indonesian Police Arrest American Cryptocurrency Fraudster Over Sex Crimes
Jun 19, 2020 at 11:58
News
Indonesian Police Arrest American Cryptocurrency Fraudster Over Sex Crimes
An American involved in a $722 million cryptocurrency scam was arrested in Jakarta, Indonesia, Southeast Asia, for sex crimes and child molestation.
Illegal Cryptocurrency-Accepting Streaming Channel Busted by European Police
Jun 12, 2020 at 13:15
News
Illegal Cryptocurrency-Accepting Streaming Channel Busted by European Police
Another group of criminals exposed by European police. This time it was a group of pirates running their own streaming service with over 40,000 channels offering various kinds of content.
Blockchain Technology to Facilitate International Collaboration in Banking
Jun 12, 2020 at 08:14
News
Blockchain Technology to Facilitate International Collaboration in Banking
The use of distributed ledger technology (DLT) and blockchain began to be a pivotal thing in businesses and this pushed many institutions and businesses to start focusing on this ground-breaking tool.
Blockchain Dominates Hong Kong's FinTech Sector in 2019
Jun 10, 2020 at 08:21
News
Blockchain Dominates Hong Kong's FinTech Sector in 2019
A new report by Financial Services and the Treasury Bureau has revealed that Blockchain has grown more and faster than any other technologies in Hong Kong’s fintech ecosystem in the financial year 2019, with most of its applications directed towards enterprise solutions and cryptocurrency trading platforms.
3 Ways Virtual Content Creators can Benefit from Blockchain
Jun 09, 2020 at 13:42
News
3 Ways Virtual Content Creators can Benefit from Blockchain
As of now, sharing content on the Internet is quite a problematic industry. Content creators often face stealth of their work, difficulty while copyright verification, onfair royalty distribution, etc. The reason for this is the centralized nature of most content sharing platforms.
Canada Officially Classified Cryptocurrency Companies as Financial Service Businesses
Jun 04, 2020 at 09:39
News
Canada Officially Classified Cryptocurrency Companies as Financial Service Businesses
Canada has recognized cryptocurrency handling companies such as exchanges and payment service providers, as legitimate ‘Money Services Businesses (MSB)’, as the money laundering and terrorism financing act (PCMLTFA) amendment started acting.
Goldman Sachs’ Negative Opinion Of Bitcoin Raises Criticism
May 28, 2020 at 13:11
News
Goldman Sachs’ Negative Opinion Of Bitcoin Raises Criticism
In a call with investors on May 27, Goldman Sachs, the New York-based multinational investment bank and financial services company maligned Bitcoin and cryptocurrencies, saying they are “not assets.” This statement attracted negative reactions from the crypto community.
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