We've all seen the movies and read the sci-fi books about machines and robots taking over the world. But how close are we to that becoming a reality? Smart contracts are becoming more and more commonplace in our society. Will they replace lawyers, accountants, and other officials completely or is this still just a fantasy?
The well-known cryptocurrency exchange, Binance, is in the process of moving their operations to Malta. The exchange, which is said to be the most popular exchange in the world, made a quarterly profit of $200 million in Q1 2018, and turns over an estimated volume of $1.6 billion a day.
The last few years will be remembered as those which saw the introduction of Bitcoin to the general public. Although cryptocurrencies have been discussed in the media for a while, it was only recently that the terminology became commonly used and more importantly understood, by the average person on the street. Here, we will look at the way cryptocurrencies taxes are treated in Malta for the purposes of income tax and the reasons a person may invest in cryptocurrency.
The Bitcoin is a cutting edge modern currency that brings some elements of early money transactions to our technologically advanced world. It was created by an anonymous programmer (or group) who allegedly wanted to create an alternative to standard currencies, whose value revolves around the cost of a commodity such as gold. The aim of this article is to explain in detail what is bitcoin.
As the financial technology industry has developed greater and faster tools with the internet, blockchain technology was created. This has created the ability to pay for services and goods online with completely digital money. It is commonly referred to as Cryptocurrency.
