TRON and the TRON Foundation have made very exciting progress through the start of October and continue to impress the crypto community. Granted, the value of TRX is still stagnant, however this doesn’t have any reflection on the progress of the TRON Foundation. Just because TRX is down low, it doesn’t mean the TRON team aren’t working hard in the background. TRX is down as a result of the bear market and the organic nature of this regressive market. When the markets turn round, we can hope that TRX will be one of the first cryptos to fly high. As it stands though, we can’t even begin to guess when this may happen.
The website of XDEX, the cryptocurrency exchange launched by Brazil’s biggest investment firm, XP Investimentos, is already up and accepting pre-registrations. It adds a few details on the crypto exchange, including that users won’t be able to send BTC to and from their personal wallets. The website, first spotted by local news outlet Portal do … Continued
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Russia is preparing for the long-awaited legislation tailored to regulate its crypto space. According to the latest reports from Moscow, the term “cryptocurrency” has been taken out of the legal texts. Nevertheless, Russians have no reasons to doubt the existence of the decentralized electronic cash. They have many options to get involved in cryptocurrency, regardless of what the law says about it.
Prof. Barry Eichengreen, an economics professor at UC Berkeley, in an op-ed published in The Guardian, said he believes stablecoins such as tether (USDT) might be stable in value and attractive as units of account, but they are flawed. His piece comes on the heels of the launch of the Gemini dollar (GUSD) by the
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The chief executive of the United Kingdom’s primary financial regulator has called for a balanced approach in nurturing the benefits while narrowing out the risks of cryptocurrencies. In a speech during the regulator’s Annual Public Meeting on Tuesday, Financial Conduct Authority (FCA) chief Andrew Bailey outlined four specifically chosen operational risks that figure within the
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Charlie Lee, the founder of Litecoin (LTC), is not considering purchasing LTC after notably “selling and donating” all of his holdings last December when the price was at all all-time high, in an effort to dispel ongoing criticism of insider trading activity. Litecoin creator Charlie Lee says he wouldn't buy back his #litecoin. Here's why. pic.twitter.com/ghZSHq1VMb — CNBC's […]
Litecoin creator Charlie Lee is not planning to buy back the litecoins he sold “any time soon or at all” after he sold his entire holdings nine months ago.
Buy The Slide
That was the response to a question during an appearance on CNBC August 27, during which Lee discussed Bitcoin 00 and Litecoin price 00 performance and adoption.
“For me, I sold because of a conflict of interest,” he told host Melissa Lee when she asked whether Litecoin’s current price of $ 58 represented a “buying opportunity.”
At press time, the price of everyone’s favorite cryptocurrency remains unchanged. Bitcoin is still trading in the $ 6,400 range and hasn’t moved from this spot for the past few days.
The word is out that bitcoin isn’t likely to reach the $ 10,000 mark by the end of the year. This goes against everything many analysts, including Fundstrat’s main bitcoin bull Tom Lee, have been saying for the past several months.
We have to look at the success of traditional investors with the respect that many of them deserve. Some people have built a life on wise placed investments and therefore, when they speak, we should heed their warnings. The likes of Warren Buffett, one of the most prolific investors of all time may seem a little old school now in his views surrounding Bitcoin, but he’s always worth listening to, since he is considered to be one of the best in the field.
Ethereum co-founder Joseph Lubin said that he does not see the recent slump in cryptocurrency prices as a constraint to growth in the market. In a recent interview with Bloomberg, Lubin said the collapse in prices is not a new development as it has always been present in the “blockchain ecosystem since 2009 when Bitcoin
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As many of you will know, the TRON Foundation recently made the purchase of BitTorrent, the online peer to peer file sharing service that was once built to make the internet more democratic. It made sense for TRON to make this acquisition, as we know, their end goal is complete online democracy too, so instead of working against each other, why not epitomise democracy, and work together?
It was a huge acquisition, BitTorrent has around 100 million users, all of whom have been guaranteed a home within the TRON network.
The latest chapter in the Mt. Gox saga reveals that creditors are looking to be paid in Bitcoin with the first payment expected no earlier than next summer after the approval of the rehabilitation plan.
BTC Payments Will Be Most ‘Simple and Efficient’
A revised civil rehabilitation proposal document published August 2 by lawyers representing several Mt. Gox creditors notes that the first payments to creditors are expected in summer 2019.
“Mt. Gox is not capable of returning all BTC deposited by creditors,” it reads. “Accordingly, we consider that all assets of Mt. Gox should be distributed to creditors and not to shareholders.”
One of the most maddening things about lookalike Twitter scammers has been Twitter’s unwillingness to do anything about them. It’s not a complex problem to solve, and yet for months the micro-blogging service has prevaricated while the gullible public has given their ether away to flagrant scammers. A couple of third party services have now sprung up promising to solve the problem. If Twitter can’t stop crypto scammers, they will.
The Tokyo District Court has approved the commencement of civil rehabilitation in the ongoing Mt. Gox bankruptcy — with the process to expected to start early next year.
Mt. Gox Trustee Won’t Dump Any More Bitcoin
Mt. Gox creditors are one step closer to receive more than $ 450 per bitcoin lost. The Tokyo District Court ordered to stop the bankruptcy process and start the civil rehabilitation process.
The document published on Mt. Gox website today reveals the tentative schedule on how civil rehabilitation is expected to proceed. The Mt. Gox bankruptcy claims-filing system has also been temporarily suspended.
The uneasy situation across all cryptocurrency markets is till tangible at this point. So much even that it would appear another round of bearish pressure will materialize at any given moment. As is usually the case, some coins feel this pressure a lot sooner compared to others. For the IOTA price, things are not looking too impressive.
IOTA Price Decline is Real
It was to be expected the weekend would bring more bearish pressure across all cryptocurrency markets. Weekends are notoriously troublesome for the many people trying to score quick profits. It seems unlike any major changes will occur in this regard. As far as the IOTA price is concerned, the losses have begun to mount pretty quickly over the past few hours.
The CEO and co-founder of cryptocurrency exchange Kraken defended the company’s refusal to comply with a regulatory “questionnaire” sent by New York lawmakers.
Kraken Rails Against Attorney General’s ‘Disrespect’
In comments, which contrasted with the other 12 exchanges targeted by New York Attorney General Eric T. Schneiderman’s “Virtual Markets Integrity Initiative,” Jesse Powell said Kraken would not hand over any information about its business.
When it launched the Initiative April 17, Schneiderman’s office explained it was “requesting disclosures on their operations, use of bots, conflicts of interest, outages, and other key issues” with the aim of “protecting consumers.”
A growing number of governments can’t resists the temptation to get their hands on some of the bitcoins their citizens are making. Several states, however, think that leaving some breathing space for crypto users and entrepreneurs is a better idea in the long run. Crypto-friendly tax regimes can still be found around the world.
CoinDesk has identified several websites claiming to sell Telegram’s gram token, but the sale is known to be a private placement effort.
The Indian government talks a big talk when putting down Bitcoin and other cryptocurrencies, but such actions has done little to curb their popularity.
In his annual budget speech today, Union Finance Minister Arun Jaitley once again made clear the government’s intention to halt the use of Bitcoin and other cryptocurrencies in India, claiming the South Asian country does not recognize digital currency as legal tender. He states:
The government does not consider cryptocurrencies legal tender or coin, and will take all measures to curb the use of these crypto-assets in financing illegitimate activities or any part of payment systems.
Andreas Antonopoulos has said he doesn’t expect regulated exchanges such as Coinbase to run the Lightning Network as it gains mainstream acceptance.
‘Their KYC Fell Apart’
In comments on the first episode of Let’s Talk Bitcoin! in 2018, the educator said AML/KYC obligations exchanges face are incompatible with the nature of Lightning, which recently launched a limited yet rapidly-growing mainnet implementation.
The upgrade to the Bitcoin network promises vastly reduced transaction times and fees, yet its tentative 230-node launch is still experimental, with various parties warning users not to use it until suitable advances have been made or face losing money.