Connect with us

Bitcoin

Private Finance Services Offered by Pfser in Estonia and Latvia

Published

on

Private finance services

Private finance is an easy and secure way to obtain funds for your requirements. Keeping this in mind, we had developed a system where our experts are always available to help you make decisions on financial aspects. Not only this they bring out the best offer for you. We make life easier by granting loans to meet your current requirements and obligations. If you are running a business or about to do any start-up, our website will act as a most valuable asset in your business.

Company formation in Estonia

If your start-up is in Estonia, you will enjoy it. This country is offshore zone due to the reduction of profit tax to zero. The country is the part of the European Union since 2004. This jurisdiction is not in the blacklists”. Thus, by starting-up in Estonia, an entrepreneur bears a minimum tax burden; they may avoid negotiations when selling their goods in member countries.

Cryptocurrency in Estonia

Cryptocurrency can be thought of as a digital counterpart of fiat currency. You can use it for exchange. In the past few years, cryptocurrency has taken the world by storm. Bitcoin is the most promising cryptocurrency. It is mostly used for intercontinental money transfer because it is cheaper than using banks or services like PayPal. It is secure and decentralized. It uses block chain technology and can never be hacked.

Estonia is the favorite place for most businessmen for their cryptocurrency ICO. ICO stands for Initial Coin Offering. Over the past few years Estonia has seen a rapid increase in the number of ICO in its soil. If we talk from 2007, Estonia alone has registered more than 700 cryptocurrency.

The cryptocurrency market is on the rise and Estonia is its hub.

Company registration in Estonia

This is a very simple and fast process. All you need to do is follow these simple steps. Make an advance payment at the rate of 50%. Then, choosing the existing company or registering for a new one. After that specifying of information on the owner and authorized representatives. Then, deliver the existing document by DHL mail to any destination. Offshore zone in Estonia does not set requirements for work permits, but this doesn’t apply to the procedure for visa category D.

Company formation in Latvia

Latvia is well suited for carrying out business. Some businessmen are exempted from paying taxes. The company registration is not so expensive. This country prefers international partnership businesses.

Company registration in Latvia

In Latvia you only need one day to register a company. Circumstances when you may need more than a day are as follows:

  • Transfer of registration documents
  • Final settlement
  • Registration of data
  • Communication required with the banks
  • Dispatching the necessary documents to the concerned institutions
  • Filling up of the company forms
  • Communicating the feedback received.
google news

Bitcoin

Did Turkey’s President Say “We Are In A War Against Bitcoin”? An Investigation

Published

on

War against Bitcoin, people with Turkish flags

Is President Erdogan so out of touch with what’s happening around him that he declared war against Bitcoin? Or is this a case of “lost in translation” and quotes out of context? An article titled “We are in a war against bitcoin,” says Turkey’s president” has been making the rounds over at Bitcoin-Twitter, receiving both mockery and rightful criticism. However, we noticed a crucial detail: the article doesn’t contain a direct quote from Erdogan. That’s suspect.

Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

Armed with an iron will and Google Translate, NewsBTC explored the issue and came to unexpected conclusions. 

Let’s fall into the rabbit hole.

Is It War Against Bitcoin Or War Against Cryptocurrencies? 

The original article cited a mainstream and generally trusted source, an article in Turkish at Bloomberght titled “Erdogan: We have a separate war against cryptocurrencies.” Reportedly, the president held a Youth Meeting Program, so his audience for this was students from all over the country. They were discussing the Digital Turkish Lira, the country’s proposed CBDC, and one of the participants asked about their current views on cryptocurrencies:

“Erdoğan said that they do not have a problem of opening up to crypto money, on the contrary, they have a separate war and struggle against them.

Erdogan said, “We will not give them such a premium, nor will we. Because we will continue on our way with our money, which is our fundamental identity in this matter.”

He never even mentions a war against Bitcoin. Remember, this is a Google translation and some info might’ve been lost. However, the discrepancies are there. The President says they “do not have a problem” with crypto, but that “on the contrary, they have a separate war and struggle against them.” On the contrary to what? And do notice, it’s not a direct quote either. In the actual Erdogan quote, he says nothing about a war against Bitcoin.

We need more data. Let’s consult other sources.

What Did President Erdogan Say Exactly?

A quick search leads us to The New Arab. They don’t quote the President directly, but their translation makes much clearer the intent of what he said:

“Erdogan claimed that the country “definitely” doesn’t have a problem with the spread of digital assets.     

However, that Turkey would carry on with its own money, which he believes is part of the national identity.”

They don’t have a problem with the spread of digital assets because they’re preparing their CBDC, and their way to sell it is that money is “part of the national identity.” Got it. But, what about this war against Bitcoin thing?

A second search leads us to Newsbit, who seemingly quote a much more clear-headed President Erdogan directly:

“We have absolutely no intention of embracing cryptocurrencies,” the president replied, adding: “On the contrary, we have a war against them. We would never support cryptocurrencies. Because we continue with our own currency that has its own identity.”

Ok, now we know that Erdogan never said anything about a war against Bitcoin and always referred to cryptocurrencies. And that, in code, he was always talking about the Digital Turkish Lira. However, did he really say all that? That quote seems suspiciously close to the original Bloomberg quote, and that one wasn’t literal. If the President said everything that clearly, why wouldn’t Bloomberg quote him?

BTC price chart for 09/20/2021 on Exmo | Source: BTC/USD on TradingView.com

Time To Consult Primary Sources

Luckily for us, Newsbit linked to the Anadolu Agency, a Turkish state-run news agency. This is as close to primary sources as we’re going to get. A report on the whole event that only casually mentions cryptocurrencies at the end. Is the quote present in that report? What did President Erdogan say exactly? Well, according to the Anadolu Agency:

“Erdoğan said that they do not have a problem of opening up to crypto money, on the contrary, they have a separate war and struggle against them.

Erdogan said, “We will not give them such a premium, nor will we. Because we will continue on our way with our money, which is our fundamental identity in this matter.”

Related Reading | Turkey’s Economic Turmoil Shows Bitcoin Is a Better Bet Than Emerging Markets

That’s right! The same exact quote with the same exact wording that Bloomberg used at the beginning. So, Bloomberg literally copied and pasted their article. And Newsbit’s supposed quote is just a rewording of that phrase. We don’t know exactly what President Erdogan said, but at least his intention is clear: Yes to his CBDC. War on cryptocurrencies. And we know for sure he never said anything about a war against Bitcoin.

Cryptocurrencies and Bitcoin are not synonymous, journalists.

Featured Image by Faruk Melik ÇEVİK on Unsplash - Charts by TradingView

google news
Continue Reading

Bitcoin

With Bitfinex Integration, Can the Bulls Drive the Price for Polygon (MATIC)?

Published

on

With Bitfinex Integration, Can the Bulls Drive the Price for Polygon (MATIC)?
  • Twitter’s Altcoin Sherpa endorsed MATIC.
  • Polygon said MATIC token would soon be available on Bitfinex.

Since the market sell-off on September 7, MATIC has been attempting to regain its initial bullish momentum. Although lower highs outlined its positive trend, traders were unable to maintain prices.

Its recent rise from $1.20 may be beneficial if another higher high forms. Bulls would lose out if the market closed below the 23.6 percent Fibonacci threshold. According to CoinMarketCap,  Polygon price is $1.19 USD with a 24-hour trading volume of $1,143,929,659 USD.

Closing over $1.50 would have solidified an uptrend, but that wasn’t the case yet. A pair of red candlesticks on the charts signalled the end of MATIC’s next upcycle.

While MATIC’s trend is perplexing, the signs have improved. On September 15, the RSI climbed above the half-line and briefly into the overbought zone, indicating a bullish rebound. Bulls held sway as the RSI found support around the mid-line.

A Positive Trend Maybe Anticipated

Twitter’s Altcoin Sherpa endorsed MATIC. Despite the token’s current consolidation, prediction is of significant increases in the following run. As per the tweet, it expects MATIC to hit $1.75 on the next leg up.

MATIC was trying to build an uptrend following a double top formation, but market watchers were sceptical. The bulls had an advantage in each case, and a win is not out of the question. A positive trend may be anticipated if MATIC rebounds back from the 38.2% Fibonacci level and reaches $1.50.

Polygon just tweeted that MATIC token would soon be available on Bitfinex. It’s one of the oldest and most reputed liquid exchanges.

Thanks to Bitfinex’s integration, users will access MATIC on all major exchanges, including Coinbase and Binance. Also, it can act as a catalyst to bring back the lost momentum for MATIC.

google news
Continue Reading

Bitcoin

SushiSwap Fails to Break Major Resistance Area, Can it Break-Through?

Published

on

SushiSwap Fails to Break Major Resistance Area, Can it Break-Through?