According to a local news report, four members from the Yisrael Beiteinu political party in Israel have submitted a new bill that proposes to recognize Bitcoin (BTC) as a digital currency instead of an asset, at Knesset, the legislative branch of the Israeli government. The reason for this amendment to BTC’s current regulation stemmed from...Read More
Binance Futures was launched a year back and today, as per CoinGecko’s ranking of top derivative exchanges, it stands third. The exchange has been popular among users due to its active listing of in-demand products like Chainlink [LINK] quarterly 1225 coin-margined contracts with leverage of 75x. At the time, LINK wasn’t being significantly affected by...Read More
Following Bitcoin’s footsteps, many of the market’s altcoins noted a slump in their price when the week began. The case for Bitcoin Cash was the same, with the coin falling on the charts by over 10 percent on 21 September. Since then, BCH has registered lower lows and lower highs and the coming week is...Read More
Russia’s Ministry of Finance has prepared a new version of Russia’s laws that introduce stringent measures regarding the usage of crypto wallets, a local media outlet RBK, reported today. The announcement follows an earlier attempt to ban crypto transactions in Russia, however, the report stated that this new amendment will come into force in January...Read More
Bitcoin’s investment thesis as a long-term asset has been fairly well-received over the past few years. In fact, with more and more institutional investors, Bitcoin seems to be emerging as the go-to asset. While 2020 was pitted to be a key year for the cryptocurrency owing to its third block reward halving, the year hasn’t...Read More
U.S Representative of Texas, Congressman Michael Conaway introduced a new bill that, if passed, would offer a way for the U.S Commodity Futures Trading Commission (CFTC) to streamline all state-based regulatory requirements for US-based crypto exchanges, under a single framework, according to a draft of the bill uploaded today. This proposed legislation would build on...Read More
After being rejected under the $11,000-mark, the last 48-72 hours have seen Bitcoin survive a period of bearish turmoil. With the cryptocurrency’s price consolidating near $10,300 at press time, some degree of recovery was observed on the charts. However, the resistance at $10,412 continued to hold out. A look at Bitcoin’s charts revealed that a...Read More
A newly-proposed bill with the legislative branch of the Israeli government Knesset submitted several changes to Bitcoin’s taxation. Instead of viewing BTC as an asset and subjecting sales to capital gains tax of 25%, the new legislation plans to recognize it as a currency. New Proposal: Bitcoin As a Currency Not An Asset According to...Read More
Bitcoin and Ethereum have shared the center stage at regular intervals this year. In fact, some would argue that Ethereum has run more miles and gotten more attention than BTC this year. Such a scenario was playing out in the markets as well. Over the course of certain bullish spells in 2020, most particularly during...Read More
In an attempt to provide more clarity on regulations to crypto firms, European Commission released a document titled The Digital Finance Package that included digital finance and retail payment strategies, according to an announcement today. This would be the first time that the EC has proposed detailed legislation on cryptocurrency assets. The future of finance...Read More
Verifying the integrity of blockchain transactions By Misha Zharov TL;DR: Coinbase is a leader in securing crypto assets. As part of our proactive approach to security, we’re introducing a new security control that will provide guarantees about our transactions. What is an invariant? In Computer Science, an invariant is a property of a system that...Read More
Everyone wants more money. It is the reason we seek good investments and at times, quick money-making schemes. While investment in stocks, bonds, and real estate are common, cryptocurrencies have emerged as an evolving class of investment, one that could help avid traders and investors. However, from a traditional point of view, the crypto-market’s volatility...Read More
Volatility is a given in the Bitcoin market, but nowadays, it’s a given in every market. Let’s face it – 2020 hasn’t been a good year for a lot of things, least of all the financial markets. With stock markets hitting record-lows, inflation only likely to rise from here, and investors puzzled with all that’s...Read More
Major bank JP Morgan is in the news once again. US authorities have slapped a penalty of almost $1 billion on the country’s largest bank to resolve investigations into its purported manipulation of metals futures and Treasury securities. This comes after a FinCEN report name-dropped JP Morgan for contributing to moving $2 trillion worth of...Read More
Binance Coin, ATOM, and even Compound registered a bullish bias after noting a drop on their charts over the last week. However, while Binance and ATOM hinted at a definite bullish move, the same might not be the case with Compound’s COMP token. Binance Coin [BNB] Source: BNB/USD on TradingView With a huge descending channel...Read More
When it comes down to sharp price movements, people tend to relate them to the cryptocurrency market and especially alternative coins. However, a massive four-digit percentage price surge occurred yesterday on Wall Street with a little-known company after it announced plans to enter the electric vehicle (EV) business. 3,100% Pump In A Day On Wall...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer The DOT token belongs to the blockchain Polkadot. The blockchain was envisioned by Dr. Gavin Woods, the co-founder of Ethereum [ETH] and the inventor of the Solidity smart contract language. Launched fully...Read More
PLAAS Farmers’ Chain, a leading Africa’s leading agricultural tech blockchain company, recently announced the appointment of Emmanuel Adams as new Chief Executive Officer with effect from September 2020. Mr, Adams succeeded the current CEO Alakanani Itireleng who was also the founder who vacated her position to focus on the Bitcoin development in the region. In...Read More
The crypto-market opened itself to a lot of volatility after a sudden fall towards the beginning of the week was noted on the charts. In fact, the aforementioned fall impacted altcoins more than it impacted Bitcoin, with the worst sufferers being small-cap assets and mid-cap assets, while major crypto-assets registered a red market. Litecoin [LTC]...Read More
Bitcoin’s price has just closed underneath the primary channel support (yellow line) on the daily chart for the first time since April 26, 2020 – over 151 days ago. This could spell doom for the leading crypto’s short to mid-term prospects unless significant bullish volume arrives to drive BTC back into the up-trending channel. According...Read More
Recently surfaced FinCEN documents revealed that some giant banks have knowingly transmitted trillions of dollars in suspicious transactions from Ponzi schemes and terrorist organizations. Names such as HSBC, Standard Chartered, Bank of America, JPMorgan Chase, and more, have been collecting significant fees while flying under the radar for years. FinCEN Documents Reveal Big Banks’ Actions...Read More
Bitcoin‘s price in the market has been taking continuous hits over the week. While Bitcoin started the week by facing strong resistance close to $11k, a sell-off soon pushed its value down by 6.32%, with the digital asset once again valued at $10.2k. While BTC tried to bounce back from this drop, on 23 September,...Read More
Testnets serve a very good purpose, and that is to determine whether the technology is capable of running on a much broader scale. For Ethereum, the Medalla testnet has been in operation and growing in terms of staked ETH and validators since early August. Not all validators have been happy with the experience, however, and...Read More
The altcoin market continues to demonstrate its close ties to the world’s largest and most dominant cryptocurrency, Bitcoin. As Bitcoin’s price fell on the charts at the start of the week, the same was replicated by popular altcoins such as Cardano, Algorand, and VeChain, with price drops of up to 20 percent noted on the...Read More
[Featured Content] Last month, Bitcoin’s difficulty and hashrate hit an all-time high. And while some experts argue increasing hashrate is a bullish price signal, others contend a strong correlation between the two has never existed. Regardless, companies are capitalizing on the value placed on hash power, recognizing not only the varied usage hash power possesses...Read More
New-York based cryptocurrency exchange Gemini has officially launched in the UK. This comes after the UK’s Financial Conduct Authority (FCA) granted it an Electronic Money Institution (EMI) license. The Winklevoss-led bitcoin and crypto trading platform is also one of the first businesses to receive FCA’s approval as a part of it’s Fifth Money Laundering Directive...Read More
After reclaiming some ground yesterday, Bitcoin has returned to its recent bearish trend by dropping below $10,300. Most altcoins follow with some notable price dips, resulting in a near $10 billion evaporated from the total market cap. Bitcoin Dips Below $10,300 As reported yesterday, the primary cryptocurrency recovered some of the recent losses and traded...Read More
