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The post Leading eShop MonetaryUnit, See’s Token Value Soar, Supports 42 Cryptocurrencies for Online Shopping appeared first on CCN
Tel Aviv-based eToro has officially launched the eToro Wallet, a cryptocurrency wallet that combines an easy to use customer interface with enhanced multi-signature security. We've expanded! We're happy to inform you that the eToro Wallet is now available in all EU countries, Switzerland and Gibraltar. Platinum & above clubs (for now) can transfer $ BTC and $ ETH from […]
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A month after reports revealed that Coinbase was exploring a crypto exchange-traded fund (ETF) through a collaboration with BlackRock (BLK), the firm’s CEO, Larry Fink, has come out to clarify that there is no intention to launch such a trading product at this time. While speaking at the NYT DealBook Conference in Manhattan Thursday, Fink revealed that the firm is […]
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Agents of the Indian government have met to formally discuss a possible ban on private cryptocurrency holdings in the nation.
On October 30, 2018, the Financial Stability and Development Council (FSDC) issued a press release detailing their recent meeting where they “reviewed the current global and domestic economic situation and financial sector performance.”
The council seemed deeply concerned about “the need for identifying and securing critical information infrastructure,” under the guise of “strengthening security in the financial sector.”
After months of public uncertainty bought on by years of deliberation by the Indian government, authorities have discussed the framework to legally ban the usage of ‘private’ cryptocurrencies like bitcoin. In the 19th meeting of the Financial Stability and Development Council (FSDC) headed by India’s finance minister Arun Jaitley on Tuesday, the subject of cryptocurrencies
The post India is Considering a Ban on the ‘Use’ of Cryptocurrencies appeared first on CCN
Japan’s top financial regulator, the Financial Services Agency, has exclusively explained to news.Bitcoin.com how stablecoins are treated under current Japanese law. In addition to emphasizing that they are not virtual currencies, the regulator clarified the registration requirements for their issuers and dealers.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Japan’s amended Fund Settlement Law and the amended Payment Services Act which went into effect in April last year regulate the country’s crypto industry. The former defines “virtual currencies,” which include cryptocurrencies, as a means of payment and exempts them from consumption tax. The latter requires cryptocurrency exchange operators to register with the Financial Services Agency (FSA).
The government in Kiev intends to legalize cryptocurrencies and comprehensively regulate the fintech sector as part of a new public policy developed by the economy ministry. The process may take up to three years to complete but eventually the industry built around digital assets should become a legitimate part of the country’s economy.
Also read: Czech Bank Launches Cryptocurrency-Friendly Services
The new regulatory concept will be implemented in two stages. The legal status of cryptocurrencies, trading platforms and other entities dealing with digital assets must be determined in 2018 and 2019. By the end of next year, the Ukrainian government will analyze the market to identify trends and outstanding issues in order to put forward adequate proposals to regulate the whole sector.
The Securities and Markets Stakeholder Group (SMSG) has released a new report suggesting that the European Securities and Markets Authority (ESMA) recommend to the European Commission that it regulate the cryptocurrency space with existing legislation rather than instilling new rules and laws.
The report specifies that most crypto assets are covered by the Unfair Commercial Practices Directive, which regulates unfair business practices in the European Union and requires corresponding laws to be passed that incorporate it into each member state’s legal system. However, cryptocurrencies are covered only in the sense that an entity issuing a crypto asset is labeled as a business, while the person purchasing it is a consumer.
This week’s cryptocurrencies market analysis will concentrate on technological advancements in the blockchain space in quarter 4. The analysis will focus on major technological upgrades occurring in quarter four along with Ambrosus (AMB) being a top contender to produce returns well in excess of 100% in the immediate short term.
Last Week’s Piece, which highlighted the cryptocurrency GOChain 00, resulted in GO increasing more than 50% in value in the 48 hours that followed. This is similar to TRIG, VIBE, and EVX, which all had rallies in excess of 50-250% following analyzing their short-term developments.
ICOs were all the rage at the height of the 2017 crypto bull-run. However, with over 9 months in bear mode, most individuals have forgotten about them entirely. But with catalysts piling up in the short-term, cryptocurrencies that focused on ICOs could make a come back in Q4 of 2018 with GO and ICX leading the charge.
There are literally catalysts piling up on top of catalysts from Yale’s investment in 2 crypto funds to Coinbase having more user sign-ups this year than last. BAKKT is expected to become a CFTC-regulated exchange, founded by the owners of the NYSE. Their first and primary product is Bitcoin Futures. However, the main difference being that each future contract will have to own and hold the underlying BTC associated with the contract.
Noted economist Nouriel Roubini sounded off on virtual currency and blockchain in a recent Senate hearing. The NYU professor classified cryptocurrency as a big scam and a bubble.
Prominent economist Nouriel Roubini is one of the few who accurately predicted the 2008 financial crisis.
Currently a professor at the New York University Stern School of Business, Roubini has been a notable and colorful critic of cryptocurrency and blockchain technology. He made a number of passionate arguments against both at a recent hearing on Capital Hill on October 11th.
The hearing was titled “Exploring the Cryptocurrency and Blockchain Ecosystem.”
Tales of woe are easy to come by in the current market, in which most altcoins are faring multiples worse than bitcoin. Investors that have avoided the following projects, however, can draw some solace.
Also read: US Court Issues Emergency Order Halting a Planned Initial Coin Offering
It’s easy to find underperforming altcoins from the past 10 months of largely bearish market action. Echelons easier, in fact, than finding the handful that have weathered the storm and have appreciated in value or, at the very least, have outperformed bitcoin. Taking a magnifying glass to 2018’s altcoin dunces makes for a productive exercise; not to revel in the misfortune of others, but for educational purposes.
A report published by the Financial Stability Board (FSB) on Wednesday, claimed that cryptocurrencies do not pose a risk to global financial stability at the present time while suggesting crypto markets need to be monitored. The report, which focuses on an assessment of the likely implications of crypto-assets for financial stability is a follow-up on an initial
The post Cryptocurrencies Pose No Risk to Global Financial Stability: International Watchdog appeared first on CCN
As of yesterday, October 9th, 2018, Binance, one of the world’s largest and most popular cryptocurrency exchanges, has announced that they will be delisting four tokens from their trading platform until further notice. The announcement was made early yesterday morning on the exchange’s website and stated that due to the Binance team’s dedication to protecting
The post Binance Delists 4 Cryptocurrencies, Sending All of Them Crashing appeared first on CCN
Just a day after announcing that it will make its listing fees public and donate all proceeds to charity, Binance has made a move to delist four cryptocurrencies that trade on the leading exchange. According to the latest announcement, Binance will delist Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN) and Triggers (TRIG) on November 12 at 10:00 AM (UTC). Binance […]
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Gemini announced during the week in a press release that the exchange has partnered with leading insurers to provide coverage on custodial digital assets. Effective since October 1, 2018, insurance coverage is provided on digital assets held in Gemini’s custodial service. Aon, a leading global professional services firm providing a broad range of risk, retirement and health
The post Winklevoss’ Gemini Now Provides Insurance for Customers’ Cryptocurrencies appeared first on CCN
Currency is a universal representation of trust created by humans. So much so that we don’t even ask why two pieces of paper with green, gold, and black ink is accepted as a medium of exchange for goods and services. One piece of paper can be exchanged for a cartful of groceries. Equally important, currency has enabled people to save the value of their labors for use at a future point in time.
Traditional currency we use everyday are issued by sovereign governments in which people base their trust and faith, in varying degrees.
Cryptocurrencies are commodities, according to four court cases involving the U.S. Commodity Futures Trading Commission (CFTC). A federal judge recently ruled that a token is a commodity, certifying the CFTC’s authority to prosecute fraud and manipulation in the crypto space. In her ruling, the judge cited three other crypto-related cases that arrive at the same conclusion.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
New York-based Gemini Trust Company, the cryptocurrency exchange founded by the Winklevoss twins, has secured insurance coverage for the digital assets it holds in hot wallets on behalf of its clients. Introducing Digital Assets Insurance, which furthers our mission to build the future of money via @Medium https://t.co/Yi58GQChjw — Gemini (@GeminiTrust) October 3, 2018 According to […]
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It is not uncommon for cryptocurrencies to note an increase in trading volume during certain periods. At the same time, a fair few coins tend to see rather strange trading volume, as the following six coins will illustrate. This unusual trading volume is not necessarily something to be overly concerned about, yet it is still interesting to keep an eye on. Information is provided by Bitgur.
