Day: September 21, 2018

Campaign Watchdog in California Bans Political Donations in Bitcoin

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California’s campaign regulator has recently banned Bitcoin (BTC) from political donations, the Associated Press reports Friday, September 21. In August, the Fair Political Practices Commission (FPPC) had considered allowing donations in cryptocurrencies. The watchdog planned to discuss the use of Bitcoin and other cryptocurrencies for political contributions and discuss their adoption. The FPPC then held a vote on donations of cryptocurrencies like Bitcoin on Thursday, September 20. According to the AP, the members voted 3-1 for the ban, noting that the origin of cryptocurrencies is hard to track and raises…

Texas securities commission issues desist that will stop cryptocurrency scams

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Companies trying to use crypto the to mislead investors The Texas securities commission has recently stopped a few bad actors of two attempts to mislead cryptocurrency investors into fraudulent cryptocurrency scams. This was apparently a coin miner investment spoof that was sent by email, which provided false associations through their websites while trying to hide their locations. A video from ex-President Barack Obama was also used in order to convince retailers to purchase shares of the DGBK tokens, before their official ICO launch next year. The Director of Enforcement for…

Crypto Market Surges as Ripple Continues Rally

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Within the past 48 hours, the valuation of the crypto market has increased from $198 billion to $218 billion in a rally boosted by a surge in Ripple token XRP. XRP, the native cryptocurrency of the Ripple blockchain network, recorded a 40 percent rise on September 21, continuing its momentum that was established earlier this week. Qtum, Stellar, 0x and Cardano were some of the best performing cryptocurrencies on the day, recording 15 percent gains against the US dollar. End of the Bear Market? Throughout this week, Bitcoin recorded a…

Tether’s Impact on Bitcoin Price Not ‘Statistically Significant,’ Study Finds

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The issuance of tether (USDT), the controversial cryptocurrency tied to the U.S. dollar’s value, has had no meaningful impact on the price of bitcoin, an academic study has found. The findings by Dr. Wang Chun Wei, a lecturer at the business school of Australia’s University of Queensland, contradict widespread and long-running speculation that Tether, the company behind the stable cryptocurrency, has been issuing USDT to pump up the price of bitcoin. Wei’s findings have been accepted for the October 2018 issue of Economics Letters. (The paper was originally published online in May.)…

$6,700: Bitcoin Price Charts Bullish Reversal as Altcoins Surge

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Bitcoin (BTC) has taken a bullish turn over the last 24 hours, as sharp gains are also seen across a number of alternative cryptocurrencies (altcoins). As of writing, the leading cryptocurrency is trading at $6,700 on Bitfinex – up 4.6 percent on a 24-hour basis – having hit a 16-day high of $6,745 earlier today. BTC’s recovery from the five-week low of $6,100 hit Wednesday was likely fueled by increased investor demand for altcoins. For instance, XRP – the third largest cryptocurrency by market capitalization – has risen by 42…

Bitcoin Price Is Charting a Bullish Reversal as Altcoins Surge

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Bitcoin (BTC) is reporting a short-term bearish-to-bullish trend change likely due to sharp gains in alternative cryptocurrencies (altcoins). As of writing, the leading cryptocurrency is trading at $6,700 on Bitfinex – up 4.6 percent on a 24-hour basis – having hit a 16-day high of $6,745 earlier today. BTC’s recovery from the five-week low of $6,100 hit Wednesday is likely fueled by increased investor demand for altcoins. For instance, XRP – the fourth largest cryptocurrency by market capitalization – has risen by 42 percent in the last 24 hours and…

California Bans Bitcoin Donations in Political Campaigns

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Candidates running for public offices in the U.S. state of California may not receive donations in cryptocurrencies, according to a new ruling from the state’s political watchdog. The Associated Press reported Thursday that the Fair Political Practices Commission (FPPC) for the Golden State voted 3-1 on Thursday to prohibit political donations in cryptocurrencies, citing the difficulty of tracking the origin of such donations and concerns over political transparency. The decision follows a hearing in August at which the FPPC discussed several election issues, including whether cryptos should be allowed in political donations.…

Cryptocurrency Markets Continue Resurgence as Ripple Claims 68 Percent Weekly Gains

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Bitcoin (BTC) has rapidly corrected its monthly losses Friday, September 21, after markets rallied to send prices above $6,700 for the first time in two weeks. Data from Cointelegraph’s price tracker and Coin360 confirms a strong performance for Bitcoin, which had seen a week of flat trading closer to $6,200. Market visualization from Coin360 The move upwards, which occurred over several hours, came as news broke that U.S. regulators had again postponed their decision on the VanEck/ SolidX Bitcoin exchange-traded fund (ETF), but had not rejected it outright. At press…

Crypto Payment Gateway Supports Largest Global Meditation, Waives Fees for Users Who Help

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CoinPayments.net, a platform for business-to-business (B2B) and business-to-customer (B2C) crypto payments, reported to Cointelegraph that they will be partnering with the nonprofit Unify.org for World Peace Weekend. From Sept. 21 to Sept. 23, the charitable nonprofit campaign will empower over 1300 events all over the world, including the largest global meditation of millions of people for the Guinness Book of World Records. “CoinPayments will be waiving their industry-leading 0.5 percent fee for anyone who donates to Unify with any of the coins hosted on the CoinPayments platform,” reads the official press…

Ripple Price Intraday Analysis: XRP/USD Moons amid FOMO

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Ripple on Friday underwent massive appreciation against the US Dollar, rising as much as 45 percent from its intraday low. Ripple Labs expressed strong fundamentals over the course of the past week. For starters, the San Francisco company behind the XRP token signed a strategic partnership with the National Commercial Bank, Saudi Arabia’s first national bank. They also forged ties with SBI Holdings, Japan’s financial giant, and British Transfer. Ripple also roped in a top-ten U.S. bank as a member of RippleNet. All the partnerships will use Ripple’s underlying blockchain…