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Indian Crypto Traders Move To Binance And FTX, Here’s Why!

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Changpeng Zhao, crypto platform Binance’s CEO, is serious about securing its position in the Indian market for crypto trading owing to a shift in the tax structure in India.

Binance currently has an edge over its competitors in the Indian market because it doesn’t include the high taxes or difficulty in moving money in and out of the trading platforms.

The number of downloads of the Binance app in India has increased to 429,000 in the month of August.

It has been the highest this year and is close to triple that of the second-ranked CoinDCX, according to data from market intelligence firm Sensor Tower.  Read more...

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Long-Term Holders And Derivative Market Traders See Opportunity With The Current Bitcoin Price

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Bitcoin trading above the 50-day simple moving average is a bullish indicator for the bitcoin price and many long-term holders are taking note.

This is an opinion editorial by Mike Ermolaev, head of public relations at the ChangeNOW exchange.

As a retail trader or someone who just got started with bitcoin not long ago, you may be searching for clues about what to expect next with its price. A second opinion is also important for seasoned bitcoin investors to compare their own perspectives.  Read more...

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Indian Police Spoil Kidnappers’ $100,000 Ransom Party to Rescue Bitcoin Traders

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Two Bitcoin traders who had been held in captivity for over two weeks in Jaipur, India have been freed. According to the Hindustan Times, the two Bitcoin traders, Luftan Shaikh and Mohammad Shazad had been kidnapped alongside a nonprofit employee. The abductors had been demanding 80 Bitcoins from the family members of the kidnapping victims, […]

The post Indian Police Spoil Kidnappers’ $ 100,000 Ransom Party to Rescue Bitcoin Traders appeared first on CCN Markets

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Put an End to Concerns About Traders’ Money After Their Death

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In today’s busy world, all of us have some kind of important information that even in this digital era, we keep them on a piece of paper, in a book or sometimes in a safe. This information may include personal, financial, documents, our family and friend’s birthday, important dates in our lives and most importantly […]

The post Put an End to Concerns About Traders’ Money After Their Death appeared first on CCN Markets

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Bitcoin Price Smashes Past $11,000 – Should Traders Fear a Dump?

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By CCN Markets: The bitcoin price rally refuses to let up, and the dominant cryptocurrency just soared above $ 11,000 for the first time since March 2018. Bitcoin Price Rushes to 15-Month High Around 12:00 UTC, investors bid the bitcoin price up to $ 11,215.89 on US cryptocurrency exchange Coinbase. The move pushed the asset up by 13 percent for the day, launching its month-to-date gains above 30 percent. The past 24 hours also saw bitcoin’s “real 10” volume, which eliminates suspicious trades, swell to $ 2.58 billion. Following the upside move, the bitcoin price is now trading just 45 percent lower than  Read more...

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US Traders Beware: IRS Prepares Notices after Identifying Crypto Tax Evaders

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By CCN Markets: U.S. citizens who have failed to report their income from crypto transactions or underreported such income now have every reason to worry. According to Bloomberg, the Internal Revenue Service has identified a couple of taxpayers who underreported their earnings from crypto income or completely failed to report such earnings. Taxpayers who have been identified can now expect to receive notices in the near future. Crypto users beware. IRS auditors are starting to look at your transactions. https://t.co/85P4uiBLQU — Ally Versprille (@allyversprille) June 20, 2019 The tax body employed its document matching program – a tool used on  Read more...

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Stupid TradingView Chart Bug Hurts Crypto Traders with ‘Incalculable’ Losses

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By CCN Markets: TradingView, a widely used platform for traders and stock analysts, has a bug so severe in its retracement display that it’s losing traders “incalculable” sums of money. A bug in the way that TradingView’s Fibonacci tools work has created real problems for some traders, one of whom is vocally spreading the word. Explaining the situation in a video and crying out on Twitter, a trader called CryptoTeddyBear is raising the alarm. Of Teddy Bears and Technical Analysis Nobody in cryto twitter seems to give a shit or to understand how bad the problem is with @tradingview's broken  Read more...

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John McAfee’s New Trading Platform Aims to Give Traders a Magical Experience

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On June 11, following his latest tirade on social media, John McAfee announced the launch of his new cryptocurrency trading platform called McAfee Magic. The project allows for manual and automated crypto trading across a variety of digital asset exchanges all displayed in one user interface. According to the website, the service is the second product besides his well-known antivirus software to bear the McAfee name.

Also read: Yahoo Japan-Backed Exchange Launches Crypto-Yen Markets and Margin Trading  Read more...

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Local.Bitcoin.com Shows Lots of Active BCH Listings From Traders Worldwide

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Local.Bitcoin.com Shows Lots of Active BCH Listings From Traders Worldwide

Six days ago news.Bitcoin.com announced the launch of Local.Bitcoin.com, a peer-to-peer marketplace that allows people to trade bitcoin cash (BCH) in a private manner. Since then there have been roughly 14,000 accounts created so far, and many people are actively trading throughout various countries worldwide.

Also read: G20 Starts Crypto Discussions – A Look at Global Standards

Local.Bitcoin.com Spreading Free Trade Everywhere

On June 4, in honor of the 30th anniversary of the Tiananmen Square protests, Bitcoin.com launched our peer-to-peer BCH marketplace. Since then many individuals have executed trades on our new platform and so far the platform has gathered close to 14,000 account signups. Preliminary statistics show traders are from all around the world and you can find someone selling bitcoin cash throughout many countries and cities.  Read more...

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Buysellhodl Aggregates Price Predictions From Traders Like You

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Buysellhodl Aggregates Price Predictions From Traders Like You

Any transitional period is characterized with uncertainty and crypto investors would appreciate to have some clues as to where the markets are going from here. Often the expectations of other traders are the best indicator. Buysellhodl is a platform that can give you predictions based on the opinions of people like you.

Also read: Determine Which Coins Can Bring You Profit With RSI Hunter

App Ranks Cryptocurrencies Based on User Sentiment

Buysellhodl has developed a free mobile app for both Android and iOS devices. It is quite popular and enjoys mostly positive reviews from cryptocurrency holders. The software aggregates sentiment data and produces price predictions based on the inputs of its users, including experienced community members.  Read more...

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Traders Are Now Banned From Using Localbitcoins Exchange in Iran

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Traders Are Now Banned From Using Localbitcoins Exchange in Iran

Traders from Iran have been banned from using the peer-to-peer trading platform Localbitcoins.com within the country. The Iranian section of the website displays a short message that states that the exchange is “currently not available.” The news follows significant Iranian rial trade volume on the Localbitcoins platform, which has been climbing steadily over the last few weeks.

Also read: Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power  Read more...

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Traders Predict Bitcoin (BTC) Retests $7,000 Before Moving Higher

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Bitcoin (BTC) has run into some turbulence over the past 24 hours and is now down around 2.4% after failing to break out substantially above the $ 8,000 level. While it’s difficult to determine where Bitcoin is headed in the short-term, at least two traders at the New York Mercantile Exchange (NYMEX) and CME Group (CME) […]
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Indian Crypto Traders Undeterred by Ban Rumor

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Indian Crypto Traders Undeterred by Ban Rumor

The Indian crypto community is undeterred by the widespread rumor that its government is discussing a bill which could ban some cryptocurrencies. Local crypto exchanges have revealed to news.Bitcoin.com that their trading volumes have been increasing despite this report. Meanwhile, experts have weighed in on this possible bill, and another crypto exchange may be shutting down due to the banking restriction by the central bank.

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request  Read more...

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A Group of Major Crypto Traders Reportedly Considers Scammer Blacklist

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Several major cryptocurrency traders have reportedly begun discussing plans to enact an industry-wide blacklist of suspicious actors, to stem the tide of scams, theft and fraud in the crypto space.

Bloomberg reported on this development on May 8, 2019, claiming that major companies such as Ripple, Cumberland DRW and Galaxy Digital Holdings gathered to discuss some of the practical applications of such a blacklist. Similarly, alternate plans were also discussed to form a sort of “whitelist” by introducing formal industry standards to accredit firms in good standing.  Read more...

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“It’s A Lion’s Den” – P2P Traders Discuss Challenges of Operating on Localbitcoins

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“It’s A Lion’s Den” - P2P Traders Discuss Challenges of Operating on Localbitcoins

Despite many cryptocurrency users having made their first purchases using Localbitcoins, little attention is paid to the experiences of the traders who operate on the platform. News.Bitcoin.com reached out to several Localbitcoins traders to find out about the challenges facing peer-to-peer crypto brokers.

Also Read: Darknet Buyers Flock to Wall Street as Dream Winds Down

“It’s A Lion’s Den”

News.Bitcoin.com spoke to an Australian Localbitcoins trader who has been operating on the platform for just “a few months.”  Read more...

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43% of Millennial Traders Trust Crypto Exchanges More Than Stock Exchanges

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A recent nationwide survey of 1,000 online traders from the conducted by eToro U.S., a social investment platform, found that 43% of Millennial traders trust cryptocurrency exchanges more than the U.S. stock exchanges. “We’re seeing the beginning of a generational shift in trust from traditional stock exchanges to crypto exchanges,” Guy Hirsch, the managing director of eToro […]
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Survey: Nearly Half of Millennial Traders Have More Faith in Crypto Than Stock Market

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Survey: Nearly Half of Millennial Traders Have More Faith in Crypto Than Stock Market due to 'Generational Shift'

Nearly half of millennial traders have more faith in cryptocurrency exchanges than they do in traditional ones. They are also enthusiastic about the prospect of traditional financial institutions offering crypto assets. That’s according to a new survey which shows a “generational shift” where millennials “place their faith in the power of technology and open networks.” 

Also read: Drug Dealer Fights to Prevent Canadian Police From Forfeiting his BTC  Read more...

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