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Cryptocurrency Updates: Bakkt delay, Tron event, Banco Santander fraud and more.

Cryptocurrency Updates: Bakkt delay, Tron event, Banco Santander fraud and more.

Bakkt launch delayed

Bakkt, Bitcoin futures exchange every cryptocurrency enthusiast has been waiting for has been delayed from its earlier launching in December this year to January next year. But the reason for the delay is quite interesting.
The official statement from the exchange said:
Given the volume of interest in Bakkt in the work required to get all of the pieces in place, the company has settled on January 24, 2019, start date in order to ensure that our participants are ready to trade on day 1.

Does this mean that the big whales are coming with big wallets? If yes, we can expect a huge surge in cryptocurrency prices soon.

Kobe Bryant will be talking at the TRON’s cryptocurrency event

Kobe Bryant, the famous basketball player of the Lakers Club who is also seen an ‘investment guru’ by many people as he turned lucky by turning $6 million into $100 million when Coca-Cola bought a company Kobe had heavily invested in will be speaking at the TRON’s upcoming cryptocurrency event.

Will Koby will able to create the same magic with TRON? Let’s wait and see.

Peru’s Central Bank says Cryptocurrencies are risky

Peru’s central bank calls cryptocurrencies as risky investments due to high volatility. The bank also mentioned the illicit uses of cryptocurrencies such as money laundering, drugs, and terrorism. While Peru is not a country with much crypto activity, the central bank is taking notice.

Spain Finance Ministry to inspect cryptocurrency holders for tax fraud

The Financial Ministry of Spain has order inspection and monitoring more than 15000 taxpayers to prevent tax fraud in the country as a part of its tax control plan. Checking to see if the cryptocurrency holders are laundering money and if they are accurately declaring their income.

Banco Santander being investigated for Fraud

Banco Santander, the giant Spanish bank has been drawn into Germany’s massive fraud investigation with German investigators stating that they suspect the bank of having planned and executed trades that facilitated severe tax evasion from 2007 to 2011 with billions of Euros at stake.

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