Initial coin offering

A well-established international cryptocurrency fraud, dismantled recently, resulted in numerous victims and significant profits for a criminal network.

When amateur investors start trading with cryptocurrencies and making profits turns into a business, tax standards come into effect in this area as well.

Status of Cryptocurrencies in Slovenia

Over the years, there has been a lot of controversy surrounding bitcoin mining due to the amount of electricity used in the mining process. To tackle this, Brookstone Partners, a New York-based private equity firm, announced that it will be raising capital for the construction of the first phase of a 900-megawatt wind farm for the purpose powering a data centre and to mine bitcoin.

Twitter may soon join Facebook and Google in cracking down on ads for cryptocurrency-related products. Sky sources have claimed the social network will institute worldwide ban against ads for initial coin offerings, cryptocurrency wallets and token sales within the next two weeks.

Google is cracking down on cryptocurrency-related advertising, reported CNBC. 

The company is updating its financial services-related ad policies to ban any advertising about cryptocurrency-related content, including initial coin offerings (ICOs), wallets, and trading advice, Google's director of sustainable ads, Scott Spencer, told CNBC.

The Greek answer to Bitcoin is Gene, created by the ParkGene company, and is trading on the online market with relative success.

The Swiss municipality of Chiasso is going to let residents pay their taxes in bitcoin, its mayor has announced.

The price of Bitcoin has plummeted in the last three days after the virtual currency hit record levels, according to The Telegraph.co.uk.

Values of other cryptocurrencies such as Ethererum and Ripple have also plunged, wiping billions off their combined values.