Day: November 27, 2018

ADAM will Set a Code of Conduct for Crypto Participants

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Ten financial and tech companies have come together to establish an Association for Digital Asset Markets or ‘ADAM.’ The groups aim is to create a “code of conduct” for the cryptocurrency sector. ADAM is a Good Boy The body is made up of well-known crypto names. These include Galaxy Digital, BTIG, Paxos—which recently launched the PAX stablecoin—and crypto liquidity solutions provider GSR. Looking to get on the good side of regulators, and no doubt put more of a definite shape on the cryptocurrency market, the group will work with regulators to seek…

Three Months after Exchange Listing, Coinbase Wallet Supports Ethereum Classic

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Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Users of Coinbase Wallet will now be able to send as well as receive Ethereum Classic. In a blog post, cryptocurrency exchange Coinbase indicated that support has now been extended to not just Ethereum Classic but also to the more than 100,000 ERC20 tokens which exist in the Ethereum blockchain. Users of the wallet will, however, have to wait a couple of days before they can…

Liechtenstein Cryptoassets Exchange Granted Business License by Regulator

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Professional traders-focused Liechtenstein Cryptoassets Exchange (LCX) has recently acquired a “business license” in Liechtenstein, according to a press release shared with Cointelegraph Nov. 27. The new license granted by the Liechtenstein Ministry of Economic Affairs is reportedly a milestone for LCX in developing a “fully regulated blockchain ecosystem,” targeting institutional and professional investors. Following the recent licensing, the LCX is also planning to apply for a Financial Market Authority (FMA) license, as well as other regulators’ approvals to trade security tokens among other offerings, the firm revealed in the press…

Ten Blockchain, Fintech Firms Launch Association to Make ‘Code of Conduct’ for Crypto

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Ten financial and tech firms have established an Association for Digital Asset Markets (ADAM) to create a “code of conduct” for the cryptocurrency sector. The launch was announced in a press release published Nov. 27. Among ADAM’s founding members are Mike Novogratz’s crypto merchant bank Galaxy Digital, global financial services firm BTIG, fintech firm Paxos – of recently-launched stablecoin PAX – and crypto liquidity solutions provider GSR. According to the press release, ADAM will focus on working with regulators to seek “comprehensive standards” for digital asset market participants. These will…

Ohio Begins Accepting Bitcoin for 23 Types of Taxes

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Ohio has become the first state in the U.S. and the first governments in the world to accept Bitcoin (BTC-USD) for tax payments. The state has launched an online platform called OhioCrypto.com, to allow businesses to pay taxes with cryptocurrency. Eligible for payment on the website include 23 different taxes. “We are proud to make Ohio the first state in the nation to accept tax payments via cryptocurrency,” Ohio Treasurer Josh Mandel said in a statement. “We’re doing this to provide Ohioans more options and ease in paying their taxes and also…

OKEx Will Delist Another Wave of Trading Pairs Over ‘Weak Liquidity’

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Major Hong Kong-based cryptocurrency exchange OKEx announced it was delisting a second swathe of trading pairs due to “weak liquidity” in a blog post Nov. 27. OKEx, which announced its intention to begin delisting certain pairs and tokens in October and removed the first batch Oct. 31, will now remove a further 49 trading pairs from its order book. This, the announcement says, is in order to “create a robust trading environment and offer the best trading experience” for traders. Some assets will lose certain trading pairs, while withdrawals of…

Crypto Winter Arrived, Bitcoin Not Escaping $5kFor 3 to 6 Months

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Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. According to Vinny Lingham, the CEO of Civic, the crypto market and Bitcoin could suffer from their bearish trend for at least three to six months. The $3,000 support level has been quite strong Lingham said and in the short-term, the $3,000 support level will likely be maintained with buy orders being set in the lower range of $3,000 to $3,500. Lingham said: “I think it…

Tether Says Customers Can Once Again Deposit and Redeem Fiat

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Tether Ltd., the controversial issuer of the tether stablecoin (USDT), which aims for parity with the U.S. dollar, announced Tuesday that it would reopen account verification for new customers and enable customers to redeem tether for fiat currency directly through its platform. “Tether is able to return to its original vision of having a wallet for creating and redeeming directly on its own platform without having to rely on a third party,” the company said in a post on its website. “This update allows the immediate withdrawal of Tether to…

A Site Enabling Anyone to Buy Bitcoin Using 300 Payment Methods Says the Demand is Growing

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A company that enables visitors to buy Bitcoin using more than 300 payment methods has reported growth in the number of transactions being completed using US dollars – and says it is determined to dismantle the issues people have in earning and transferring their money freely. Paxful was launched in 2015, and has the goal of making it simple to buy cryptocurrency – a boon for people who haven’t done so before. Cash deposits and bank transfers can be used on its platform – with the company promising to deliver…

Bitcoin News Crypto Currency Daily Roundup November 27

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Bitcoin News The rundown: Bitcoin and all major currencies were down in the morning; Ohio becomes the first state in America to accept payment for taxes via cryptocurrency; NASDAQ plans to list Bitcoin futures by the first quarter of 2019; Malaysia warns businesses against launching cryptocurrencies before issuance of legal guidance by the central bank; Al Hilal Bank becomes the world’s first Islamic bank to conduct a bond transaction on blockchain; and more. Here is what is happening in the cryptocurrency market on Tuesday. SEE: Malaysia Directs All Crypto Projects…