It appears Bitcoin Gold (BTG) has been double spend attacked over and over again, totalling something in the neighborhood of $18 million at current prices. BTG forums seem to have been tracking the hack, going as far back as last week, monitoring the controversial coin’s hashrate, ultimately determining a 51% attack was under way. Also read: Roger Ver and Ryan X. Charles Reveal the Future of Cash Bitcoin Gold Gets $18 Million Haircut “An unknown party with access to very large amounts of hashpower is trying to use ‘51% attacks,’” Bitcoin Gold forum poster Mental Nomad announced a week ago, “to perform ‘double spend’ attacks to steal money from Exchanges. We have been advising all exchanges to increase confirmations and carefully review large deposits.” A founding economic principle of bitcoin was its alleviation of the double spend problem. It was […]
Diamond Industry Giants Partner With Blockchain Startup to Tokenize Gems Two leading diamond industry players have agreed to work with blockchain startup D1 Mint Limited to tokenize diamonds, according to a May 23 press release shared with Cointelegraph. D1 Mint Limited, the creator of the diamond-backed crypto asset D1 Coin, has signed its first purchase agreement… The post Diamond Industry Giants Partner With Blockchain Startup to Tokenize Gems appeared first on Altcoin Today.
According to a Thursday report, Noble Bank International has provided its banking services to Bitfinex since sometime in 2017. The cryptocurrency exchange seems to have cycled through a series of banking relationships after Wells Fargo abruptly ended its relationship with the company in April 2017.
The Irish revenue service has published a manual with guidelines aimed at eliminating the uncertainty surrounding the taxation of crypto transactions. Investors and traders of digital coins, businesses working with cryptocurrency and tax advisors, of course, can now find answers to many but not all of their questions. The notice has been issued at a time when tax authorities across Europe are trying to tap into crypto incomes and profits in the absence of dedicated regulations in most cases. Also read: Poland Backpedals on “Irrational” Crypto Tax After Strong Backlash Cryptos to Be Treated Under ‘Normal’ Tax Rules The “Tax and Duty Manual” issued by authorities in Ireland attempts to clarify matters related to crypto taxation and mostly confirms that the existing regulations apply to the crypto sector. The document provides guidelines on the tax treatment of various transactions […]
Everything is getting Wild at CryptoWild, and they are inviting all crypto enthusiasts to join in on the ride. CryptoWild is the newest of the Cryptocurrency Online Casino fold and… Continue reading “CryptoWild, the Newest Online Casino Accepts Bitcoin, Litecoin, Bitcoin Cash and Ethereum” The post CryptoWild, the Newest Online Casino Accepts Bitcoin, Litecoin, Bitcoin Cash and Ethereum appeared first on .
Cryptocurrencies have proven to be an interesting topic of conversation in Australia. It is a largely regulated market, even though accessing this new form of money is still pretty difficult these days. Every Capital is the country’s first retail crypto asset hedge fund, and it’s making cryptocurrency investment a lot easier. The Purpose of Every Capital There has been a significant increase in the number of hedge funds paying attention to various cryptocurrencies. This particular market has been of keen interest to consumers and investors alike, for obvious reasons. Even with the recent price declines, overall interest in Bitcoin and certain alternative cryptocurrencies is not slowing down just yet. In Australia, consumers and institutional investors are demanding more access to cryptocurrencies. Providing that access has proven somewhat difficult. There is a lack of competition among exchanges, although the recently launched CoinJar Exchange […]
Facebook’s silence around blockchain was deafening. Louder still were the voices of speculation over its lack of comment. If one of the largest tech companies in the world wasn’t jumping on the blockchain train, perhaps the whole thing was smoke and mirrors after all. Then Bitcoin nose-dived, Facebook banned cryptocurrency ads, and blockchain skeptics had a field day. Until earlier this month, that is. At long last, the social media giant responsible for putting the world on the web announced its intention to “explore” the possibilities of blockchain tech for its family of brands. It was an ambiguous statement which sparked understandable curiosity from the crypto community and technophiles alike. What is Facebook going to do with blockchain tech? Here are some of the possibilities: Verifying User Identity Joel Vincent, CMO of ZEDEDA, believes that one important way Facebook can harness the […]
Cryptocurrency startup company, Circle, has unveiled a new investment product. The launch was announced via a post on the company’s blog. The Goldman Sachs-backed firm recently completed a lucrative investment round while announcing plans for a stablecoin tied to the USD. Buy the Market According to a blog post by Senior Product Manager, Rachel Mayer, the latest addition to the catalog of crypto investment offerings at the firm is called “Buy the Market.” This new product is targeted at retail crypto investors, especially first-time investors looking to test the proverbial waters. The investment tool features seven cryptos; Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Zcash, Monero, and Ethereum Classic. The new product allows users to invest in all seven listed cryptos simultaneously. Users also get to decide how much they wish to put up in their portfolio. Buy the Market uses a […]
Blockchain: Rethink Trust 2018 is a new By the Bay conference focused on blockchain engineering and business uses cases. Speakers from Coinbase, IBM, Bosch, ING, CoinAlpha, Bankex, Zededa, and many other companies will share their expertise in the heart of Amsterdam at Beurs van Berlage on Friday, June 29. Rethink Trust 2018 is not another blockchain expo, convention, or coiner meetup. It is a natural continuation of a successful series of By the Bay conferences that looks at the core of blockchain technology and explores its business use cases. The conference will challenge the traditional understanding of blockchain and the corporate world by gathering top engineers, industry leaders, C-level executives, and blockchain enthusiasts who want to solidify their knowledge of the latest enterprise blockchain practices. This year’s conference will cover topics like: integration of blockchain across key industries and its […]
Four unnamed sources with access to information about current US Department of Justice investigations have provided details of an ongoing joint investigation between the department and the CFTC into cryptocurrency price manipulation.
BRD, a bitcoin and cryptocurrency mobile wallet today announced they have successfully raised $32 million to fuel customer acquisition and introduce a rewards program concept. The $32 million was raised from a combination of venture capital funding, with existing investor East Ventures involved in the round and a crowdsale. BRD raises $32 million to expand its revamped bitcoin app
At press time, bitcoin is trading for about $7,500. This is approximately $100 less than where it stood 24 hours ago. While nothing huge, it’s a clear sign that the bears still have their hands on the reins, and it’s unclear when – or even if – the current trends can reverse themselves. The manipulation of cryptocurrency prices is a common concern amongst both traders and financial authorities alike. These concerns initially began after the fall of Mt. Gox in 2014, which ultimately caused bitcoin to drop from the $1,000+ range to $600, and then $500 soon after. The end of 2014 ultimately saw bitcoin trading at around $400. Since then, bitcoin has experienced solid price hikes, though every time a sell-off occurs or Mt. Gox trustees move their remaining stashes, the price of bitcoin seems to take a stumble. […]
Ubex Project Token Sale Soft Cap Reached in One Day The Ubex project, a pioneering global advertising exchange platform, has launched its Token Sale and raised its soft cap in less than 1 day. The Ubex project launched its Token Sale on the 21st of May, 2018, and it will last until the 13th… The post Ubex Project Token Sale Soft Cap Reached in One Day appeared first on Altcoin Today.
Have you ever felt that someone is controlling the crypto markets, increasing prices to lure you in and crash it all as soon as you buy? Well, US authorities have apparently heard your whining because they are now reportedly suspicious manipulation is indeed occurring. Also Read: Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of Wall Street Spoofing and Wash Trading The US Department of Justice (DOJ) has reportedly launched a criminal investigation to determine if big money traders are manipulating the prices of Bitcoin, Ether and possibly other cryptocurrencies. The illicit trade tactics that the DOJ is looking into include spoofing and wash trading, and federal prosecutors are working in collaboration with the Commodity Futures Trading Commission (CFTC) on the investigation, this according to “four people familiar with the matter” cited by Bloomberg. Spoofing refers to creating false buy […]
Blockchain-Powered HR Ecosystem LaborX Launches to Disrupt Global Hiring One of the first Blockchain apps ready today for mass adoption NEW YORK, 24 MAY 2018. ChronoBank, a cutting-edge global HR startup, announces the launch of LaborX, the first complete blockchain-based job platform in the world. A key part of ChronoBank’s HR ecosystem, LaborX gives job… The post Blockchain-Powered HR Ecosystem LaborX Launches to Disrupt Global Hiring appeared first on Altcoin Today.
There’s a lot of evidence that suggests that blockchain will change the Internet as we know it, and most of the related services along with it. When it comes to… Continue reading “What is Populous Cryptocurrency (PPT) – All You Need to Know About Populous Crypto” The post What is Populous Cryptocurrency (PPT) – All You Need to Know About Populous Crypto appeared first on .
Most cryptocurrency enthusiasts have shown an interest in this form of money because of its global appeal. It is the only form of money which can reliably be sent across the world without having to deal with currency conversions or country borders. Argentina’s Banco Masventas has acknowledged this, as the institution now relies on Bitcoin to settle cross-border transactions. Bitcoin and Banking can Work Together There is a good reason why banks have opposed Bitcoin for many years. This form of money is capable of doing something that’s currently impossible to do using the traditional banking system. More specifically, Bitcoin and similar currencies are capable of sending value across borders without any real restrictions, whereas fiat currencies are not. Even so, banks around the world are looking for ways to provide this functionality. To that end, innovative features will need to be experimented with. In the case of Argentine […]
There is never a shortage of drama or excitement surrounding the Verge cryptocurrency. Despite having made a lot of positive headlines over the past few weeks, Verge continues to stumble. Unfortunately, it is the second time an exploit associated with this project has been discovered. So far, over $1.7 million worth of XVG has been stolen, although the full impact remains to be determined. Another Verge Exploit Causes Trouble Earlier this year, it became apparent that the Verge blockchain had fallen victim to a massive exploit. At the time, hackers stole an undisclosed amount of XVG which was subsequently converted to fiat currencies through various exchanges. It is estimated that this theft involved 250,000 XVG, although that number has never been officially confirmed by the team. While most people had assumed this would be the only exploit the Verge ecosystem would have to contend with, the reality is […]
Bitcoin might be anathema to the majority of Wall Street banks, however, for small lenders in the U.S., the crypto market is a veritable money maker. Despite the uncertainty and lack of regulation in the industry, Main Street banks are jumping on the Bitcoin bandwagon and raking in huge revenues. Main Street Banks Catching the Bitcoin Bug The big banks on Wall Street have largely shunned the cryptocurrency market with only a few making tentative forays into the industry. This has paved the way for smaller banks to take advantage of the void created by the major players to dominate the arena. Banks like Silvergate, Cross River Bank, and Metropolitan Bank are offering their customers premium crypto-focused banking solutions. According to the Wall Street Journal, Silvergate’s asset base increased from $978 million to more than $1.9 billion. A significant portion […]
Advanced Miners is a real company which was founded in 2016 with its central office based in Hong Kong and a part headquarters in Tokyo. The company has its mining farm in Northern China and this farm has the world’s lowest electricity rate. Several large companies have engulfed the mining market and many individuals no longer find it profitable. This was a problem before the introduction of Advanced Miners’ ICO. The company introduced their ICO with ASIC on a 12nm chip. This ASIC yields 28Th twice as much as the S9. One interesting fact about this is that it yields at almost the same price and consumption. A few days ago Advanced Miners’ ICO began. Investors can buy ACM Tokens with 35% discount. ACM is utility token that allows investors to buy ASIC or buy hash power from Advanced Miners’ […]
Translation of a speech given by Wang Feng, prominent Chinese blockchain investor, at Peking University I’m back with another translation, this time of a lecture that was given in Chinese at Peking University on May 5, 2018 by Wang Feng, founder of Huoxing24 (a Chinese blockchain news site), LineKong (a Chinese media and entertainment product company) and partner at GeekFounders (a tech investment firm). I found his perspective about blockchain a solid and concise consolidation of the leading thoughts about the history of blockchain and what its significance is. The way he explains it illuminates both a global way of thinking about the technology, and also a Chinese perspective of what that thinking means (starting with a straight-up quote from the Communist Manisfesto…) Having also worked on AI products myself, it was a fresh take on the significance of AI […]
Trading platform TrakInvest has announced its migration to Hedera hashgraph. One of the first projects that will take advantage of this migration is the Digital Certifications Program (DCP), bringing academic certificates for Asian institutions on a public ledger. Disclosure: This is a Sponsored Article Bobby Bhatia, Founder & CEO of TrakInvest commented: “We are very proud to be working with Hedera hashgraph on a number of initiatives. We believe Hedera will provide the best in class platform and technology solution for TrakInvest to execute its current and planned product offerings including certifications, Trak AI prediction tools, and financial products,” Never before seen consensus protocol Hedera hashagraph is a platform that uses a new consensus protocol. Unlike other cryptocurrencies, it doesn’t require a proof of work algorithm that is computationally intensive. The platform uses an algorithm called virtual voting consensus, which […]
VeChain, a Shanghai-based startup, is turning its attention to the blockchain to bring trust and authenticity back into China’s wine market. Shanghai is China’s second-largest market for imported wine after China’s southern Guangdong province. Yet, despite it being a $2.8 billion industry the wine sector is being undermined in the country, according to a report from the South China Morning Post. According to the report, VeChain is beginning with French producer Pierre Ferraud and Fils. The company has signed a deal to get its 2017 Beaujolais Nouveau red wine verified on its blockchain platform. This is linked to Shanghai Waigaoqiao Direct Imported Goods (DIG) on the retail front. Fu Yu, a partner at VeChain, said: “The beauty of blockchain is that shoppers can see information about the whole life cycle of a bottle of wine from various sides, including vineyards, logistics and […]
A lot of changes are happening in the world of cryptocurrency. Most of those developments are kept under close wraps, for obvious reasons. The GDAX platform we know today will undergo some big changes. It will be renamed to Coinbase Pro and mainly targets on streamlining the overall trading experience. An interesting decision which raises plenty of questions. Most cryptocurrency users have gotten acquainted with the GDAX platform. This second trading solution is operated by Coinbase, next to their more novice user-friendly trading platform. Even so, it was always evident there would be some changes coming to GDAX in one way or another. As of right now, the plan is to rebrand this platform to Coinbase Pro. The Future of Coinbase Pro Remains Unclear It will be a newer version of the existing platform with a focus on more intuitive […]
The Institute for Justice (IJ) bills itself as the national law firm for liberty. IJ works to slow the growth of government in the US in all its forms: economic freedom, education, private property, freedom of speech, not to mention amicus briefs to the Supreme Court. Now bitcoiners can help support IJ’s valuable work, a real world use case, through Bitpay and bitcoin cash (BCH). Also read: Roger Ver and Ryan X. Charles Reveal the Future of Cash Freedom, a Use Case for Bitcoin Cash This year started very well for The Institute for Justice, a national law firm taking the terribly unsexy cases where government encroachment upon average folk goes largely unnoticed. The venerable Pineapple Fund donated to “only 58 charities so far selected to receive a grant,” including the IJ. In response to the January notice of receiving […]
Surkus Inc, the Los Angeles-based industry leader in event technology, has raised $10 million in Series B funding led by EOS Global, a $200 million venture fund formed in earlier this year. Surkus raises $10 million as EOS Global Venture Fund’s first investment
Japan’s leading fintech app, Money Forward, has unveiled its plans to set up a cryptocurrency trading platform. Different companies from all over the world have been working so as to… Continue reading “Japanese Fintech Company Money Forward Reveals Plans To Launch Cryptocurrency Exchange” The post Japanese Fintech Company Money Forward Reveals Plans To Launch Cryptocurrency Exchange appeared first on .
CoinMetro has recently acquired a trading license from the nation of Estonia. CoinMetro believes that complying with regulations is the best way of bringing cryptocurrency to the masses. Disclosure: This is a Sponsored Article Estonia offers unlocked capabilities for CoinMetro Many projects are headed within national borders since the European country is one of the most crypto-friendly countries in the world. With nations cracking down on cryptocurrency, Estonia offers refuge for budding enterprises. The trading license granted from the Estonian government allows CoinMetro to offer services like exchanging fiat for crypto, crypto for fiat, and crypto for crypto. Users will be able to wire money or use credit cards to purchase cryptocurrency. Exchanging digital currencies for others is no different than a traditional forex platform. CoinMetro also offers the ability to “cash out” cryptocurrencies for fiat. This is a […]
Initial coin offering projects are of great interest to regulators and other watchdogs these days. This is mainly because a fair few of these projects violated securities laws and expected to get away with it. In the case of ShipChain, the project was hit with a cease and desist letter this week for violating South Carolina’s securities laws. ShipChain ICO bites the Dust It has become apparent that a fair few initial coin offerings may have violated securities laws when issuing and distributing their tokens. Since most ICO tokens can be considered securities under the current regulatory guidelines, cease and desist letters are issued on a regular basis. Various projects have faced this problem in the past, and it seems that situation will not change anytime soon. As for ShipChain, the company is in the crosshairs of South Carolina’s Office of the Attorney General. At […]
Cryptocurrency regulation has always been a rather controversial topic. It is, by default, nearly impossible to effectively regulate an industry which is decentralized and has no central entity. Even so, officials in Thailand are looking to make inroads in this area. They will meet with blockchain and cryptocurrency experts this week to discuss future laws and regulatory measures. The Future of Bitcoin Regulation in Thailand Asian countries have taken somewhat controversial approaches to regulating Bitcoin and other cryptocurrencies in the past few months. China has taken the far more aggressive stance by banning all CNY-based trading. Japan legitimized Bitcoin as a payment method last year, which allowed the world’s leading cryptocurrency to gain more mainstream traction. Which way Thailand will go in this regard remains to be determined. The country’s regulators will sit down with cryptocurrency and blockchain experts this week and […]
There are unconfirmed reports that the U.S. Department of Justice (DOJ) has set up a probe to investigate suspected Bitcoin price manipulation activities. According to Bloomberg, four unnamed sources revealed that federal prosecutors are worried that the market is overrun with misconduct. Fears of Rampant Spoofing and Wash Trading in Bitcoin The two major points of inquiry for the probe are spoofing and wash trading. Spoofing refers to flooding the market with fake orders, tricking other traders in the process while wash trading involves creating false volumes that overvalue the market. Both of these malpractices drive up the prices in the direction desired by the manipulators. For many years, financial regulators have worked hard to eliminate these illicit trading practices from the mainstream markets. However, in the predominantly Wild West crypto scene, it appears spoofing and wash trading is (allegedly) […]
Singapore’s central bank and financial regulatory authority has warned eight digital currency exchanges in the country not to allow the trading of tokens without its consent. In addition to the eight cryptocurrency exchanges, the Monetary Authority of Singapore (MAS) also issued a warning to an initial coin offering (ICO) issuer to stop providing its digital tokens in the country; however, it didn’t identify which one this was, reports The Strait Times. According to the report, cryptocurrency tokens that are deemed as securities or futures contracts means that digital currency exchanges must cease trading them until they have received the appropriate approval from MAS. Regarding the ICO issuer, the report stated: “MAS has assessed that the issuer had contravened the Securities and Futures Act (SFA) as its tokens represented equity ownership in a company and therefore would be considered as securities […]
The OPEN Platform is developing a scalable and interoperable solution unlike any on the market today, designed to make it simple for both developers and end users alike, enabling developer-friendly blockchain designs to communicate securely with existing centralized application databases. With the understanding that a rather significant number of their fans/supporters were unable to participate in the recent private token sale, OPEN has proudly announced a new partnership with Kucoin along with plans to be listed for trading starting today at 10am eastern. With the backing of their top tier partners such as Draper Dragon, NEO, Sora, and Danhua/DHVC, OPEN has formed this partnership with Kucoin in order to provide the community a way to purchase OPEN tokens via a reputable cryptocurrency exchange. Disclosure: This is a Sponsored Article This is fantastic news for all OPEN supporters. You will now […]
Uphold is a company that serves in over 184 countries, across more than 30 currencies and commodities. It offers frictionless foreign exchange and cross-border remittance for its members all over… Continue reading “Uphold Latest Updates – XRP is Live and Instant Cross-Border Payments” The post Uphold Latest Updates – XRP is Live and Instant Cross-Border Payments appeared first on .
Tutellus is by far the biggest online educational collaborative platform in the Spanish-speaking world. In operation since May 2013, it currently boasts more than 1 million users in 160 countries. It now seeks to harness to power of blockchain-based technology to disrupt the online education industry as we know it. The project is currently in the process of a pre-sale and it will launch the official token sale on June 12th, 2018. Pinpointing Critical Problems As unfortunate as it may sound, education has failed to keep up with the pace of innovation, seeing hardly any measurable improvements in recent years. Tutellus, a Spanish company occupying the field of online education, identifies a few incremental issues currently riddling this field: People aren’t able to earn money studying – instead, they have to spend quite a lot to get it. Students, for […]
Key Takeaways: Phase 1 of Presell Period of EMI token ends on May 23 — Last chance to buy with 25% bonus. Great interest continues to be shown by global brands, blockchain and the esports community Spartak Esports’ Co-founder Mikhail Barashkov joins EIPlatform Team EIP Founders Commit to Completing EIP Project According to Plan, Regardless of Amount of Funds Raised via the ICO The Presale period of the EMI Token Sale will move into Phase 2 on May 23. After this the bonus to investors will drop from 25% to 20% until the end of the month. We urge potential investors to consider investing now to take advantage of this marvelous opportunity. Full information is provided on the EIPlatform official website. The EIPlatform project has continued to generate a lot of interest and support at various blockchain and esports conferences […]
Back in the day, before cryptocurrency was worth anything, an email address and a password was all you needed to login to an exchange. Then came 2FA, using email verification or Google Authenticator. Then came the third generation of secure sign-in methods, and that’s when things started getting weird. Also read: Darknet Market Rapture Has Been Down for a Week — Users Grow Leery From Fit the Puzzle to Make the Gesture As attackers have gotten more sophisticated, so have the measures cryptocurrency exchanges have taken to keep them at bay. These are designed to fulfill a range of objectives, including spam and bot deterrence, as well as to perform increased due diligence for legal reasons. Binance with its “Fit the puzzle piece carefully” which has spawned numerous memes, and kept its customer support busy attending to users who can’t fit […]
Foxborough, MA – May 24, 2018 – Gillette Stadium, New England’s premier concert, entertainment and sports event venue, announced today that it has selected Vizsafe’s GeoawareTM Services Platform to enhance stadium safety and security. The stadium is home of the National Football League’s five-time Super Bowl champion New England Patriots and Major League Soccer’s five-time Eastern Conference champion New England Revolution, as well as host to numerous international soccer matches and many of the world’s largest concert tours. Disclosure: This is a Sponsored Article “The Vizsafe platform provides our security, operations and facility management teams with real-time actionable intelligence so they can address safety or security risks quickly and efficiently,” said Mark Briggs, TeamOps COO and Gillette Stadium’s Head of Security. “With Vizsafe, we can map and share critical visual information with our partners in public safety and law enforcement to […]
Caspian, a new full-stack crypto asset management platform tying together the biggest crypto exchanges in a single interface for institutional and sophisticated investors has today announced a partnership with BitMEX to integrate access to BitMEX markets and further support and facilitate institutional investors move into crypto trading. Caspian to integrate BitMEX within new crypto platform
A group of cryptocurrency analysts has identified new market trends, signaling what they believe is the imminent end of the Bitcoin “bear market.” From Selling to Stocking Up In a selection of charts uploaded to social media May 23rd, the group, known on Twitter as “The Crypto Fam,” determined BTC/USD was coming to the end of a three-cycle bearish phase which began in mid-December 2017. According to the findings, institutional investors were “clearly stocking up” on Bitcoin prior to the all-time highs seen at the time. They then began selling in waves, resulting in three peak-and-trough cycles, each less severe than the last. The Crypto Fam writes: The bear market has consisted of 3 major drives down, represented by black arrows in the chart below. We are currently in the midst of the 3rd drive down, awaiting a bottom. 1/ […]
There have been some unique takes on the concept of exchanges and trading platforms. This is especially true in the cryptocurrency industry, where most exchanges are leaning toward issuing their own native tokens. LocalCoinSwap is no different in this regard, although it is set up in a somewhat unique way. The Idea Behind LocalCoinSwap Building a community-owned peer-to-peer exchange is not all that easy. Doing so will require a proper infrastructure and sufficient funding. Right now, the funding aspect is being handled through an initial coin offering. The infrastructure, on the other hand, still needs to be built out. With a main focus on distributing profits back to token holders, LocalCoinSwap has a lot of merit. How Does it Work? There are a few key aspects of LocalCoinSwap to take into account. It is designed to let traders purchase any cryptocurrency directly by signing […]
Deutsche Börse AG may be thinking very seriously about starting to offer bitcoin and cryptocurrency related products to its clients. As virtual currencies expand all over the world, more traditional… Continue reading “German Stock Exchange Deutsche Börse Says They Are ‘Deep at Work’ on Bitcoin” The post German Stock Exchange Deutsche Börse Says They Are ‘Deep at Work’ on Bitcoin appeared first on .
Despite price volatility, the cryptocurrency trading market continues to grow, with numerous players actively joining the community on a daily basis. The newly-launched (AlphaBit CryptoCurrency) ABCC exchange represents the world’s first platform to offer zero trading fees when it comes down to trading blockchain assets to a broad investor base. Disclosure: This is a Sponsored Article The company’s philosophy is to facilitate mass adoption of crypto assets, by creating a participatory ecosystem that is open, free and frictionless to all of its users. Here, investors can quickly identify assets they like, and then access ABCC’s secure trading platform and trading services, for more efficient investments. Granted the zero commission policy, anyone can make trends as long as they hold the funds required for purchasing crypto assets. ABCC actively follows the beliefs of Mr Calvin Cheng, who is a Singaporean entrepreneur […]
John McAfee enjoys stirring the cryptocurrency pot on Twitter. Over the past year and a half, McAfee has made a lot of interesting comments which can be interpreted in many different ways. One of his more recent comments seems to indicate he will continue to lead the charge when it comes to Bitcoin private. In what capacity that will be, remains to be seen at this time. The future of Bitcoin Private remains in question. It is another hard fork of Bitcoin which may or may not succeed. There are still a lot of questions regarding the viability and longevity of this fork. Additionally, its future development still remains in question. Even so, it seems John McAfee has taken a strong liking to Bitcoin Private in recent weeks. Another Mysterious John McAfee Tweet So much even that he is actively […]
India is considering applying a tax to cryptocurrency trading in a move which could mark a step towards its legitimacy in the country. Crypto Could Become ‘Intangible Goods’ According to Bloomberg quoting anonymous sources May 23rd, the government’s Central Board of Indirect Taxes and Customs is working on proposals to treat crypto transactions as an exchange of “intangible goods” – making them eligible for goods and services tax (GST) of 18 percent. According to the sources: Purchase or sale of cryptocurrencies should be considered as supply of goods, and those facilitating transactions like supply, transfer, storage, accounting, among others, will be treated as services. If both buyer and seller reside within India, the transaction would become the “supply of software,” while foreign transactions would also attract GST, being treated as import and export of goods. Mixed Legal Status Lingers The […]
Top-50 FinTech Company BANKEX has launched BANKEX Smart Justice, an industry-leading dispute resolution platform to settle disagreements in the crypto world. The arbitration service, based on the law of large numbers and game theory, minimizes judicial errors and corruption, and could also have future practical applications in offline, everyday disagreements. Blockchain technology has its own set of advantages as well as disadvantages. While the positive side of the distributed ledger technology includes high levels of transparency and decentralization, no one can guarantee that smart contracts will be executed properly in accordance to the stated requirements of the deal. In cases where the quality of service provided as part of smart contract driven platform is not up to the standards, the dispute resolution and arbitration process gets complicated. The smart contracts, which are efficient when it comes to automation of the […]
As was to be expected from yesterday’s bearish momentum, the Bitcoin Cash price has effectively dropped below $1,000. That in itself is not really surprising, given the ongoing declines in the Bitcoin world. Even so, it remains to be seen how long this dip will last. eToro UK Managing Director Iqbal Gandham certainly has some interesting opinions in this regard. Can the Bitcoin Cash Price Recover Quickly? When the going gets tough in the cryptocurrency world, panic selling becomes a very tangible trend. This has been a big problem for as long as people can remember, and it will not necessarily improve anytime soon. In the case of the Bitcoin Cash price, it is evident panic selling is helping to push the price below $1,000 and keeping it there. That situation may come to change in the near future, though. […]
In today’s edition of Bitcoin in Brief we feature stories that show how fast and nimble banks that support cryptocurrency-based businesses are benefiting at the expense of the larger players that have yet to enter the market, how more financial institutions want to join and how crypto ventures are making it easier for them. Also Read: Indian Government Considering 18% Retroactive Tax on Crypto Trading, Mining Small Banks Love Bitcoin With major US banks too afraid to serve all American bitcoin users and businesses, smaller banks are picking up the slack and making a fortune doing so. New York-based Metropolitan Bank for example was able to build up deposits from crypto business without building costly new branches, and more than triple yearly fee income in 2017, largely from crypto transactions. And San Diego-based Silvergate Bank nearly doubled its assets to $1.9 […]
TradingView still has flaws when it comes to the crypto market and will have to break away from its traditional finance background to put the funds it received to good use and make crypto inroads. TradingView, a developer of social networking and data analysis tools for financial markets, got in early as a crypto trading and investment tool finding an amazing opportunity, which has resulted in the company receiving a whopping $37 million in new funds by Insight Venture Partners. While their idea is sound, top traders managing large crypto hedge funds have already found that there are major differences between the data used to invest in stocks versus crypto. In short, emotional sentiment plays a much more significant role in how people invest in crypto vs more traditional fundamentals based stock market approach. The Benefits and Problems of Technical Analysis The […]
On Wednesday, May 23 the San Francisco based exchange Coinbase announced the acquisition of a decentralized digital token relay-trading platform called Paradex. Alongside adding the decentralized exchange (Dex), the firm has also revealed it is retiring the name GDAX and that platform will soon be known as ‘Coinbase Pro.’ Also Read: Markets Update: Stormy Weather Continues to Plague Cryptocurrency Traders Coinbase Exchange Acquires Decentralized Token-Relay Platform Paradex Coinbase has revealed some interesting decisions today as the cryptocurrency exchange and brokerage service purchased a peer-to-peer Dex that allows users to swap “hundreds of tokens” like ERC-20s. According to various reports, Coinbase plans to “enhance” the Paradex protocol and launch the service to international customers located outside of the U.S. Reuters details that Coinbase purchased the platform for an undisclosed sum. Basically, the Paradex development team of ten, explains the platform allows the […]