#1 Source For Bitcoin And Altcoin News
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
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
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).
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
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) 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™.
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
Mongolia has taken a significant step forward toward bolstering its fintech sector, with the East Asian country’s central bank authorizing a local telecom operator to issue a digital currency under the country’s recently-passed national payment system bill. As first reported by state-owned news agency Montsame, the Bank of Mongolia on Friday issued its first-ever digital
The post Mongolia Issues First Digital Currency License under New Payment System Law appeared first on CCN
NAGA has been dedicated to developing an array of new products to furnish its widely expanding decentralized global ecosystem. It currently boasts seven working financial products, with another six that will be available soon.
The NAGA COIN (NGC) is the lifeblood of the NAGA Ecosystem. NGC can be used across the platform and offers a number of benefits for those who use and hold it.
NGC is currently trading around $ 0.31 per token and is listed on popular cryptocurrency exchanges such as Bittrex, OKEx, Upbit, and HitBTC.
After hitting a one year low earlier last week, the Ethereum price has been struggling to stay above the $ 200 level. At the time of writing ETH is trading at $ 196, down over 10% in the past 24 hours. What is going on? What does the future hold for Ethereum? This article will attempt to answer these questions.
Other than the obvious factors such as the whole cryptocurrency market falling along with Bitcoin, thus dragging the Ethereum price down. There are rumors floating around that ICOs are liquidating their ETH holdings to recover some value. In the month of September alone, ICOs only raised roughly $ 21 million, which is nothing compared to the hundreds of millions that was being raised last year.
Controversial cryptocurrency payment provider BitPay appeared to back Bitcoin over altcoins this week as its CCO told mainstream media the ICO token market was “in a lot of trouble.”
Speaking to Bloomberg in an interview that also featured regular commentator Joe Weisenthal, Sonny Singh focused heavily on Bitcoin as the cryptoasset, which had a chance of upside while remaining silent on major altcoins such as Ether (ETH) 00.
“It’s hard to say [if this is the bottom],” he said about the current state of the market.
Initial coin offerings (ICOs) may soon come under added pressure from government regulators in the United States following a recent ruling that classified two fraudulent ICOs as security sales. According to a breaking report by Bloomberg, U.S. District Judge Raymond Dearie in Brooklyn, New York, ruled that two ICOs conducted by Brooklyn resident Maksim Zaslavskiy would be classified as […]
SludgeFeed
Australia’s primary securities regulator is focusing efforts to keep a close eye on the cryptocurrency sector, including ICOs, as part its corporate action plan for 2018-19. Having stressed in April that it would keep an “open mind” to cryptocurrencies and initial coin offerings (ICOs) domestically, the Australian Securities and Investments Commission (ASIC) pinned harmful threats … Continued
The post Australian Watchdog Will Monitor Crypto Exchanges, ICOs Under Market Rules appeared first on CCN
SBI Holdings is making a new round of investment in a cryptocurrency exchange that’s under increased scrutiny from the country’s financial regulator.
CoinDesk
Wan Kuok-koi, a former Macau triad also known as “Broken Tooth”, has teamed up with a Chinese firm to fund chess and poker tournaments in the Asian country. According to reports, Wan’s ICO for “HB” tokens was able to accrue $ 750 million in less than five minutes.
Former gangster Wan Kuok-koi witnessed the launch of his ICO at a posh event in Cambodia and continued to find success selling his HB tokens in Thailand and the Philippines.
Overall, Wan has reportedly sold 450 million out of a planned 500 million tokens offered to the public. The ICO tour is set to conclude later this month in Malaysia.
The self-regulatory inspection of South Korean cryptocurrency exchanges is complete. Fourteen out of 23 exchanges agreed to be inspected. Twelve met the self-regulatory standards despite security flaws, raising questions of how effective the inspection is.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
The Korea Blockchain Association (KBA) held a press conference Wednesday to announce the results of its inspection of cryptocurrency exchanges operating in the country. The Association “gave a nod to the cybersecurity standards of 12 cryptocurrency exchanges,” the Korea Herald reported.
While some in the media are calling for Bitcoin’s imminent death, other experts believe that the market leader will easily survive the onslaught of ‘attacks’ it constantly receives while making a full recovery.
There’s a lot of negative sentiment surrounding Bitcoin 00 at the moment.
The first and foremost cryptocurrency has suffered steep declines in 2018, falling from all-time highs of roughly $ 20,000 in December 2017 to yearly lows below $ 6,000 in June. While nocoiners have taken the opportunity to proclaim bitcoin as ‘dead,’ some experts realize it’s far too early to make such an outrageous claim.
The Japan-based Mt. Gox exchange had its bankruptcy stayed due to a petition filed by some of the creditors for the commencement of civil rehabilitation proceedings in Tokyo District Court on November 24, 2017, and heard today, June 22, 2018.
Mt. Gox was forced into criminal bankruptcy after more than $ 473 million in bitcoin was stolen from the exchange in 2014. This latest petition filed by the creditors provides for more options on how they can be reimbursed.
June 11th, ORCA Alliance, an EU-based platform that bridges cryptocurrencies and traditional banking services, is launching its technical solution allowing instant cash outs from crypto exchanges directly to a payment account in less than 60 seconds. Converting cryptocurrency to euros in quick fashion would make a lot of liquidity problems surrounding cryptocurrency disappear.
ORCA is providing an answer to a long-standing problem annoying many in the crypto community — the lack of reliable ways to move various crypto assets and swap them back and forth to government-backed currencies. It is no secret in the crypto space that crypto-to-fiat exchange is a huge challenge.
Instant crypto-denominated salaries and blockchain-based social security payments feature in Saturday’s Bitcoin in Brief. Reports about these promising developments in the labor market and the public sector come from Australia. Also, the Slovak tax authority intends to use blockchain technology for more efficient tax collection.
Also read: Bitcoin in Brief Friday: Luxury Jets, Cheap Air Tickets Now Offered for Bitcoin Cash
A new employment service offers to cut out banks and pay workers in real-time using cryptocurrency. Another feature will rate employees using a blockchain-based reputation and review process, designed to ensure that higher quality work gets paid better. The “Pay As You Go” system has been launched recently in Australia.
