Micro News

There is a legal storm around an alleged monumental money laundering case involving numerous jurisdictions which is also related to the acquisition of an Indonesian bank four years ago and is expected to consume Cyprus. The respective lawsuit details the acquisition of Indonesia’s Bank Mutiara by Tokyo-based…


In Tokyo, several authorities in different countries are investigating the recent USD $530 million heist concerning the NEM cryptocurrency. A member of the Singapore-based NEM Foundation, Takao Asayama, stated that it is collaborating with exchanges in order to block the hackers from cashing out the…


Singapore employers may be alienating successful job candidates with slow feedback as according to sources, 49% are inclined to withdraw from the recruitment process if the feedback is slow. Recruitment firm Robert Half have stated that in Singapore, 47% of jobseekers are frustrated when the feedback…


On Tuesday the 6th of February, US regulators shared the views of other officials who believe that they may require new powers to manage cryptocurrencies which present risks that the investing public does not recognize. Bitcoin and other virtual currencies have seen demand significantly rise in the…


In connection with the new sanctions enforced by the US upon Russia, US based Microsoft distributors imposed restrictions for some Russian software buyers. Restrictions will mainly affect companies operating in the fields of energy, defense and banking sectors. For such companies, payment for purchases…


Over the last week, the three biggest Dutch banks have been hit by cyber attackers, who blocked the access to their websites and online banking services. At the same time, cyber attackers also attacked the Dutch Revenue System, by getting down its website. At the same day, some hours later, the online…


Bitcoin: how much do you owe in taxes?

According to Uncle Sam, you owe taxes on Bitcoin whether you have used the cryptocurrency as an investment or as a currency. This is due to  Bitcoin being viewed as property and not a currency. It is seen as you are selling a property, in this case bitcoin, for a cash value and then using said money…



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