Singapore-based KuCoinis the latest crypto exchange to introduce a platform for public token sales (“IEOs“). Called KuCoin Spotlight, the new platform allows KYC-verified investors (excluding U.S. residents) who hold a sufficient number of KuCoin Shares (KCS) to participate in the public token sale — essentially underwriting the token’s future listing. The first Spotlight token sale […]
SludgeFeed
Russian Banks Join Chinese Swift – Is the Dollar Era Under Threat?
As a Saudi oil minister once remarked, the Stone Age didn’t end because we ran out of stones. It seems it’s neither the deficit of a tool nor its deficiencies that make it obsolete, but rather the invention of new tools that do the job better. With increasing competition, will the U.S. dollar continue to be the world’s primary currency, will it come to be just one of several reserve fiat currencies, or will cryptocurrency become the new instrument that powers the global economy?
Also read: Lithuania Central Bank’s Policy Update Opens the Door for Crypto Payments
Cryptocurrency Independence Under Threat As Regulation Encroaches
For governments, cryptocurrency is becoming too mainstream to ignore and too chaotic to neglect. Across the world, government agencies are targeting crypto investors not only with taxes but mandatory registration and full disclosure rules. This new wave of regulation poses a contradiction in that some of cryptocurrency’s strongest traits have always been privacy and autonomy.
Also read: Canadian Exchange Insolvent After CEO Dies With Keys to $ 145M of Cryptocurrency
State Regulation of Crypto Raises Questions
Australia’s registration of 246 cryptocurrency exchanges between April 2018 and January 2019, hailed by observers and the exchanges themselves as boosting the credibility of the industry, likely indicates the direction that virtual currencies are taking in relation to regulation throughout the world.
Bitcoin Price Retreats Under $3,400: Here’s Why a Fall to the $2,000-Range May Be Inevitable
In the last 24 hours, the Bitcoin price has dropped from $ 3,505 to $ 3,322 by more than five percent against the U.S. dollar. The abrupt decline in the Bitcoin price led the valuation of the crypto market to plunge by over $ 10 billion in a three-day span. Major crypto assets such as Bitcoin Cash (BCH) and EOS (EOS) recorded large losses throughout the past week and was surpassed by Tether (USDT) in market valuation. Dropping Below $ 3,000 is a Possibility For Bitcoin Throughout the past three months, despite recording intense sell-offs at times, Bitcoin has defended the $ 3,000 support level
Under Fire from the SEC, Kik’s Crypto Project is Going to War
Canadian messaging app company Kik Interactive Inc. is planning to take the SEC to court over a potential enforcement action against Kik’s 2017 initial coin offering (ICO) of the Waterloo, Ontario-based tech company’s proprietary cryptocurrency, Kin. A Kik representative told CCN the stakes are high for the entire cryptocurrency industry: We are unsure of how
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Elon Musk under Fire: Why GM Could Pass Tesla as Most Valuable US Car Maker
Billionaire Elon Musk must be feeling the heat now that General Motors appears on track to surpass Tesla to become the most valuable US car maker for 2019. Tesla’s stock price plunged more than 12% Friday (Jan. 18) on heavy trading volume — suggesting a sell-off is in the making. As of this writing, TSLA shares
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India May Legalize Bitcoin Under “Strong” Rules
India could be making a U-turn on its directives for cryptocurrencies. Per reports from the New India Express, a second interdisciplinary committee set up by the Indian government is considering making cryptocurrencies legal in the country again but with more stringent rules.
This revelation comes just a few months after a government panel suggested the creation of a new regulatory framework within the Reserve Bank of India (RBI) that bans digital assets and declares crypto transactions illegal in India.
According to an unnamed senior official who spoke with the New India Express, the committee had met twice, but deliberations were still ongoing.
Court: Dark Web Bitcoin Murder-For-Hire Suspect Remains Under GPS Monitoring
A DuPage County, Illinois judge has ruled that a woman charged with paying $ 10,000 in bitcoin for a Dark Web hitman to have her former lover’s wife killed must continue wearing a GPS monitoring device as the case goes on. 32 year-old Tina Jones of Des Plaines, Illinois has been arraigned on four counts of solicitation
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Market Cap of Crypto Tokens Fall Under $100M, Struggling to be Relevant
The market valuation of ERC20 tokens and low volume crypto have started to fall below the $ 100 million mark amidst an intense market sell-off and increasing regulatory pressure from the U.S. Securities and Exchange Commission (SEC). VeChain, Bytecoin, Bitcoin Diamond, ICON, and Qtum have fallen the most against the U.S. dollar in the past 12
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Bitcoin on the Brink: Will The Crypto Market Go Under $100 Billion?
The crypto market has faced a lot of downward pressure the past few weeks and, as we reported yesterday, so is everything else. Indeed, the week saw an overall 3+% loss in the Dow Jones Industrial Average, and no other exchanges were performing well, either. It’s just a bad time to be a bull, it
The post Bitcoin on the Brink: Will The Crypto Market Go Under $ 100 Billion? appeared first on CCN
Bitcoin Price Falls Under $4,000: Was Immediate Pullback Expected After Big Spike?
On November 28, the price of Bitcoin (BTC) spiked from $ 3,771 to $ 4,355, by more than 15.4 percent. In less than 48 hours, the dominant cryptocurrency has fallen back down to $ 3,861, dropping below the $ 4,000 mark. Bitcoin recorded a 7-month high daily spike in value on Wednesday, leading traders to be optimistic about the
The post Bitcoin Price Falls Under $ 4,000: Was Immediate Pullback Expected After Big Spike? appeared first on CCN
Singapore: Bill Tabled to Place Crypto Payment Services Under Central Bank Oversight
A new bill which will impact electronic wallets and digital payment tokens such as bitcoin has been tabled in Singapore’s parliament. The Payment Services Bill will place the providers of payment services that are not under the regulatory oversight of Money-Changing and Remittance Businesses Act and the Payment Systems Oversight Act under the umbrella of
The post Singapore: Bill Tabled to Place Crypto Payment Services Under Central Bank Oversight appeared first on CCN
$63 Billion Deleted From Crypto in 7 Days, Ethereum Drops Under $100
In the past seven days, the crypto market has experienced a drop of more than $ 63 billion, as major cryptocurrencies recorded double-digit drops. Bitcoin (BTC), the most dominant cryptocurrency in the market, fell by 12 percent from $ 4.300 to $ 3,800, achieving a new yearly low. At its lowest daily point, on fiat-to-cryptocurrency exchanges like Coinbase
The post $ 63 Billion Deleted From Crypto in 7 Days, Ethereum Drops Under $ 100 appeared first on CCN
Crypto-Friendly Robinhood under the Hood: Payments for Order Flow
Robinhood is no doubt quite a revolutionary start-up. They have managed to completely rewrite the rulebook when it comes to retail brokerage and trading. Using a no fees model, they are giving users the opportunity to purchase assets such as equities, Indices and cryptocurrency at the same rate as the institutional markets. Many view them
The post Crypto-Friendly Robinhood under the Hood: Payments for Order Flow appeared first on CCN
5 Altcoins Under $100 Million That Continue to Outperform
It’s been an ugly year for altcoin traders, as the vast majority of coins have lost close to 95% of their value in the ongoing 2018 bear market. However, the recent string of mainnet launches, coupled with numerous altcoin listings on Coinbase, have worked to partially rejuvenate interest in smaller cap digital currencies. For investors more […]
SludgeFeed
Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law
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
Not Virtual Currencies
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).
Under Pressure, Bitmain Releases Patch to Let Bitcoin Miners Activate ‘Overt AsicBoost’
Cryptocurrency mining giant Bitmain has published a firmware update that allows bitcoin miners to activate “overt AsicBoost,” a technological upgrade that provides significant cost savings over conventional mining setups. Bitmain Firmware Enables Overt AsicBoost Bitmain released the patch just days after braiins, the software development group that operates Slush Pool, revealed that it had verified
The post Under Pressure, Bitmain Releases Patch to Let Bitcoin Miners Activate ‘Overt AsicBoost’ appeared first on CCN
CFTC Cracks Down Harder on Cryptocurrency Fraud Under Trump
The Commodity Futures Trading Commission (CFTC) has bolstered its police actions in the last fiscal year, driven largely by cryptocurrency cases, according to The Wall Street Journal. Under President Trump, the federal derivatives market regulator levied about $ 900 million in civil penalties in 2018 alone, exceeding the annual amount in five of the eight years
The post CFTC Cracks Down Harder on Cryptocurrency Fraud Under Trump appeared first on CCN
Bitcoin (BTC) Cannot Fall Below $5,800 Under The Bullish Case
Bitcoin (BTC) has to make a move by next week. The weekly chart for BTC/USD shows that Bitcoin (BTC) is about to close a weekly candle right next to the downtrend resistance. If this candle closes above the downtrend resistance, which is quite likely, we will see the beginning of a new cycle from next week. If this candle closes below the downtrend resistance, it is still possible to see a green candle next week.
Continue reading Bitcoin (BTC) Cannot Fall Below $ 5,800 Under The Bullish Case at Crypto Daily™.
Bitcoin Magazine’s Week in Review: Under the Microscope
This past week saw a flurry of reports and analyses released by various agencies and companies, speculating on the roles — past and present — of cryptocurrencies and blockchain technologies. Two big names in the blockchain industry are being scrutinized as they attempt to grow, and we put two privacycoins, Monero and Zcash, under the microscope.
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Study Argues Tether Wasn’t Used to Prop Up Bitcoin Price
Blockchain’s Report Examines Benefits (and Failures) of Today’s Stablecoins