Day: December 7, 2018

US Needs ‘More Nuanced’ Cryptocurrency Regulations: Academic Paper

boss

United States’ cryptocurrency regulations are creating a problematic image for the country as an innovator and it needs a “more nuanced approach.”  Two university professors have made this claim in an article Friday, Dec. 7, referring to a paper originally published Nov. 16. Discussing the current regulatory setup governing cryptocurrency, Carol Goforth of Oxford University and Arkansas School of Law’s Clayton N. Little blamed the “overlapping” authority of various regulators as hindering progress. The U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Internal Revenue Service (IRS) and…

Binance Rolls Out New Features for Institutional Investors

boss

Photo: Binance / Medium Though the market is still under the influence of the bearish trend, it is not the reason for crypto-related companies to stop. Vice versa, it’s a good reason for them to offer their customers something new in order to refresh their interest. As Binance is doing just that. Sub-accounts for Institutional Investors As it has been announced, top cryptocurrency exchange Binance is launching a new sub-accounts feature for institutional and high-tier individual traders. These sub-accounts will enable institutions and organizations to register multiple trading accounts (up…

Swiss National Postal Service and Telecom Leader to Build Blockchain Platform

boss

Swiss Post and Swisscom will take advantage of their trusted reputation in Switzerland to create a blockchain platform for use by themselves and others that will be based on Hyperledger Fabric2. Swiss Post is publicly owned and the country’s second largest employer. It already uses blockchain technology to record temperature data while transporting pharmaceuticals in the national postal network. It is also running an energy provision and billing pilot for power generating landlords to accurately charge their tenants in collaboration with Energie Wasser Bern. Swisscom is 51% publicly owned and…

Morgan Creek Bets $1M that Cryptos will Outperform the S&P 500

boss

Morgan Creek has pulled out Buffet’s wagering trick and placed a $1 million bet alleging that cryptos will outperform the S&P 500. Despite the recent plunges, they have faith in the digital currencies. The crypto market is the newest yet the most volatile industry currently. The recent plunges brought all cryptos to their lowest levels in approximately 13 months. Bitcoin had its worst month in the past seven years shedding off nearly 35% in November 2018. Amidst the entire decline, a cryptocurrency asset manager Morgan Creek bet that this market…

Bitcoin Sinks Below $3.4K, Ethereum Plummets to Double Digits

boss

Friday, Dec. 7 — Crypto markets have today again taken a major downturn, with virtually all of the major coins by market cap seeing double digit losses. Some coins are down by over 20 percent, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has taken a steep hit of over 11 percent on its 24-hour chart, and is trading at $3,400 as of press time. Having attempted to reclaim ground above the $4,000 price point in early December — to briefly trade close to $4,300 — the…

SEC Postpones Decision on VanEck Bitcoin ETF, Again

boss

The price of Bitcoin has plunged more than 9% in the last 24 hours following the announcement from the SEC that once again delays its decision on the rule change for a VanEck’s Bitcoin exchange-traded fund. The new deadline is February 27, 2019. The Bitcoin ETF that was proposed by money manager VanEck and SoldiX in partnership with CBOE BZX exchange has been delayed for the third time by the SEC in Thursday’s circular. SEC stated: “The Commission finds it appropriate to designate a longer period within which to issue…

The ‘Loose Theory’ that Wall Street is Manipulating Bitcoin (BTC) and Cryptos To Buy Cheap

boss

Hollywood movies are never too far removed from reality. In the case of unfair practices on Wall Street, we have seen it in legendary movies such as the 1987 classic by Michael Douglas and Charlie Sheen also known as Wall Street. The movie was loosely responsible for the attraction many young graduates – in the 80s and 90s – had for stock market trading. In a nutshell, the movie glorified greed. We have also seen several other films that continue to give us a glimpse of the underbelly of what…

The ‘Loose Theory’ that Wall Street is Manipulating Bitcoin (BTC) and Cryptos To Buy Cheap

boss

Hollywood movies are never too far removed from reality. In the case of unfair practices on Wall Street, we have seen it in legendary movies such as the 1987 classic by Michael Douglas and Charlie Sheen also known as Wall Street. The movie was loosely responsible for the attraction many young graduates – in the 80s and 90s – had for stock market trading. In a nutshell, the movie glorified greed. We have also seen several other films that continue to give us a glimpse of the underbelly of what…

American Firm Brings Lawsuit Against Bitcoin.com, Bitmain Over Hash War

boss

American Firm Brings Lawsuit Against Bitcoin.com, Bitmain Over Hash War December 7, 2018 by Ian Edwards An American blockchain technology company has filed a lawsuit against Bitcoin.com, Bitmain, Kraken Exchange, and others, alleging they illegally manipulated the Bitcoin Cash network during the recent November hard fork. It appears that the hash war, which observers attributed Bitcoin ABC winning, may not be over yet. Also see: Why Binance Chose Africa to Launch its First Fiat Exchange: Wei Zhou Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts The Hash…

Bitcoin Price Watch: BTC/USD Primed To Test $3,000

boss

Key Points Bitcoin price declined further and broke the $3,550 and $3,420 support levels against the US Dollar. There is a major bearish trend line formed with resistance at $3,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to decline further and it may even test the $3,000 level in the near term. Bitcoin price declined heavily below $3,550 against the US Dollar. BTC/USD remains in a downtrend and it could even trade towards $3,000 or $2,800. Bitcoin Price Analysis After forming…