Day: September 7, 2018

USD Is the Most Actively Traded Fiat Against Cryptocurrencies, Study Says

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Management and technology consulting firm GreySpark has found that U.S. dollars are the most actively traded fiat currency against cryptocurrencies in a new study published September 4. The study focuses on the recent popularity of cryptocurrencies that went viral in late 2017, when Bitcoin’s (BTC) price peaked at $20,000. GreySpark experts found that crypto prices correlated with Google search interest. For instance, the fluctuation in the price of Bitcoin (BTC) between $19,000 and $20,000 corresponded with the record-breaking amount of searches for “Bitcoin” and “cryptocurrency”, the study outlines. Correlation between…

Uzbekistan Approves Crypto Trading for Foreign Companies, Cuts Off Taxes

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Uzbekistan Approves Crypto Trading for Foreign Companies, Cuts Off Taxes September 7, 2018 by Jeff Fawkes In Uzbekistan, a new presidential resolution has become law regarding the regulation and licensing of cryptocurrency exchanges. According to a document ”On the measures of cryptocurrency exchange establishment in the Republic of Uzbekistan,” a crypto exchange must be considered a legal entity that offers an electronic platform for ”exchange, buy and sell operations with crypto tokens.” The coins themselves are classified as ”a set of blockchain records that have value.” Also see: Grocery Shopping in the…

Quoine Looks to Boost Crypto Liquidity With New Trading Platform

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Cryptocurrency exchange startup Quoine has launched a new trading platform that it says will bring much needed liquidity to the crypto markets. Called Liquid, the new service is a cryptocurrency trading “portal” that provides users with access to what it claims in a press release is “a worldwide network of cryptocurrency exchanges.” With a lack of liquidity having “hampered the development of the cryptocurrency markets,” Liquid argued that its new product could help usher in greater stability. From launch, Liquid will allow users to match trades across “multiple transactions and cryptocurrencies” –…

Quione Looks to Boost Crypto Liquidity With New Trading Platform

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Cryptocurrency exchange startup Quione has launched a new trading platform that it says will bring much needed liquidity to the crypto markets. Called Liquid, the new service is a cryptocurrency trading “portal” that provides users with access to what it claims in a press release is “a worldwide network of cryptocurrency exchanges.” With a lack of liquidity having “hampered the development of the cryptocurrency markets,” Liquid argued that its new product could help usher in greater stability. From launch, Liquid will allow users to match trades across “multiple transactions and cryptocurrencies” –…

Blockchain Galaxy Game Enables Players to Build Spaceships, Buy Virtual Planets For Crypto

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The blockchain game developer 0xGames has announced the continuation of its popular blockchain-based 0xUniverse game. 0xUniverse: Battleships — or 0xBattleships, for short — was developed together with HeroCraft. This company has 16 years of experience in developing and publishing the games for iOS, Android and Windows Phone devices, as well as PC and social networks. Based in Russia, HeroCraft has worldwide distribution in 15 languages. New game features 0xUniverse is the game that is powered by the Ethereum blockchain. In its first part, released at the end of June 2018,…

Bentley, Bugatti & Rolls-Royce Retailer Announces It’s Now Accepting Bitcoin

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Luxury automobile retailer Post Oak Motor Cars is reportedly the first Rolls-Royce, Bentley and Bugatti dealership in the U.S. to accept Bitcoin (BTC) and Bitcoin Cash (BCH) as payment, according to an official press release published September 5. The luxury auto retailer, owned by American businessman Tilman Fertitta, has integrated crypto payment service provider BitPay to let clients purchase cars with crypto. According to the press release, the Texas-based firm will accept purchases in crypto from customers worldwide. Fertitta commented that the company decided to provide the new payment option…

Bitcoin Price Intraday Analysis: BTC/USD on Sideways Trend

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Bitcoin price on Friday made no significant corrections from its intraday low near $6,302. The BTC/USD over the course of past 24 hours has done a raise-and-erase act, signaling a sideways sentiment. At the beginning of the Asian session, the pair had noted a weak bull correction attempt, so that it established an intraday high around 6540-fiat. The bulls got cold feet around 6500-area and sellers started exiting their long positions – perhaps on small intraday gains – to push Bitcoin back towards the previous low. That was the European…

Stock Brokerage EF Hutton Rates Cryptocurrencies to Help Clients Track ‘Rapid Developments’

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U.S. stock brokerage firm EF Hutton announced it would release research and ratings of cryptocurrencies and industry businesses for its clients Wednesday, September 5. EF Hutton, whose affiliate Megga Inc. previously launched its own cryptographic token MeggaCoin last year, said in a press release it wants to assist “confused” investors who are keen on gaining a better understanding of the space. “A great many investors are confused by the rapid developments in this new asset class,” CEO Christopher Daniels commented, adding that the move represented “the first of many initiatives”…

One of the top selling car manufactures to start using VeChain

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The Blockchain in car manufacturing companies Car manufacture BYD will be heading into a carbon-neutral future, BYD makes plug-ins for electric cars that reduce carbon emissions in the atmosphere. The company has started a partnership with DNV GL and the Blockchain based company VeChain to use proof-of-concept framework. BYD has started offering carbon credits to customers for the reduction of emissions, after the completion of its work on a carbon banking solution for cars. The car manufacturer also plans on using this solution for trains and buses. Carbon Banking solutions…

Australian Regulator Hints at Increased Crypto Exchange and ICO Scrutiny

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Australian regulator the Australian Securities and Investments Commission (ASIC) has revealed plans to increase scrutiny of cryptocurrency exchanges and Initial Coin Offerings (ICO) in its ‘Corporate Plan’ published this week. ASIC, which acts as a supervisory organ for financial market operators, highlighted the exchange sector as an area of priority through 2022. Specifically, the body plans to ensure any “threats of harm” from the nascent industry are mitigated as part of its regulatory remit. “Potential harms from technology driven by the growing digital environment and structural changes in financial services…