Day: January 8, 2019

Japan’s Financial Watchdog Seeks to Regulate Unregistered Crypto Investment Firms

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Japan’s Financial Services Agency (FSA) is considering the regulation of unregistered firms that solicit investments in cryptocurrencies, Cointelegraph Japan reports on Jan. 8. The development is reportedly a bid to close a loophole in the country’s existing regulatory framework, in which unregistered firms that collect funds in crypto rather than fiat currencies remain in a gray zone. This situation exists because these firms do not explicitly come under the purview of Japan’s Financial Instruments and Exchange Act, which prohibits unregistered companies from collecting investment funds in cash, but fails to…

CoinFLEX Beats Intercontinental Exchange and ErisX to Launch First Physically-Delivered Bitcoin Futures

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According to a January 6, 2019, report from Bloomberg, CoinFLEX, an offshoot of CoinFloor, has launched the first physically-delivered Bitcoin futures, beating out heavyweights like ErisX and Intercontinental Exchange (ICE). CoinFlex has announced that it will begin offering physical Bitcoin futures to investors in Asia as from February 2019. This adds an interesting twist to the Bitcoin futures race as Intercontinental Exchange, founded by the owners of the New York Stock Exchange as well as ErisX, had previously been thought to be front-runners in the race. The Origins of CoinFLEX…

Maltese Parliament Rejects Claims of Inactivity on Cryptocurrency by Opposition Leader

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The embattled leader of Malta’s opposition Adrian Delia has faced a fresh backlash over his criticism of the government’s pro-cryptocurrency stance. Delia’s comments were reported by national daily newspaper The Malta Independent on Jan. 6. Malta, whose president Joseph Muscat regularly praises both cryptocurrency and blockchain technology, has sought to become what it describes as a “Blockchain Island.” Despite signing a wealth of agreements and conspicuously welcoming crypto businesses such as crypto exchange Binance to its shores last year, Delia is not convinced about the current trajectory. For Delia, a…

Cryptocurrencies a ‘Load of Nonsense’: ECB Member Ardo Hansson

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Bitcoin and other top cryptocurrencies have just started recovering from their 16-month low. But a reputable member of the European Central Bank’s governing council believes that there is more room for collapse. Ardo Hansson, the governor of Bank of Estonia, has claimed that cryptocurrencies would die as a complete load of nonsense while speaking at “5 Years with the Euro” conference in Latvia. The policymaker assured that the bubble has already started to collapse and it should continue to do unless the market reaches “a new kind of equilibrium.” In 2017,…

‘Bitcoin Has Potential to Be Worth a Lot or Worth Zero’

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Bitcoin (BTC) can potentially have a high value or be worth nothing, noted Wall Street investor Bill Miller told CNBC in an interview on Monday, Jan. 7. Miller, the founder of investment management firm Miller Value Partners, spoke to CNBC host Kelly Evans during a show called “The Exchange,” calling Bitcoin an interesting technological experiment and recalling a clear pattern of higher lows each year. For instance, the coin’s lowest price hovered around $3,200 last year, he stated. However, now Bitcoin is trading over $4,000 again. Miller told Evans: “Bitcoin…

‘Bitcoin Has Potential to Be Worth a Lot or Worth Zero’

boss

Bitcoin (BTC) can potentially have a high value or be worth nothing, noted Wall Street investor Bill Miller told CNBC in an interview on Monday, Jan. 7. Miller, the founder of investment management firm Miller Value Partners, spoke to CNBC host Kelly Evans during a show called “The Exchange,” calling Bitcoin an interesting technological experiment and recalling a clear pattern of higher lows each year. For instance, the coin’s lowest price hovered around $3,200 last year, he stated. However, now Bitcoin is trading over $4,000 again. Miller told Evans: “Bitcoin…

Bitcoin Price Watch: BTC Dips Remain Supported Above $3,860

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Bitcoin price started a downside correction after trading above $4,080 against the US Dollar. There is a major bullish trend line formed with support at $3,940 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to find bids near $3,940 and $3,900 for a fresh upward move in the near term. Bitcoin price corrected lower below $4,000 against the US Dollar. BTC is now trading above the $3,940 and $3,900 support levels and it could bounce back. Bitcoin Price Analysis Yesterday, we saw…

Ripple Price Analysis: XRP Holding Important Support, Can It Recover?

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Ripple price traded lower recently and tested the $0.3580 support against the US dollar. There is a major bullish trend line with support at $0.3530 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could recover above $0.3650 as long as it is above the $0.3530 and $0.3580 supports. Ripple price corrected lower recently against the US Dollar and Bitcoin. XRP/USD must stay above $0.3530 to start a fresh upward move in the near term. Ripple Price Analysis After forming a high near the $0.3760…

Buying and Selling Property With Bitcoin Is More Complex Than It May Seem

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Economics Buying and selling property using cryptocurrency is less straightforward than was first assumed. The handful of mortgage lenders and realtors who were initially keen are now reluctant to accept crypto deposits due to money laundering fears. Until there is greater clarity concerning crypto regulation, due diligence procedures and taxation, potential participants are opting to wait on the sidelines. Also read: 27% of England’s Male Millennials Say Bitcoin Better Investment Than Property Uncertain Macroeconomic and Political Backdrop to 2019 The year ahead promises an uncertain macroeconomic and political road for the…

Ethereum Price Analysis: ETH Starts Downside Correction Below $150

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Key Highlights ·         ETH price failed to stay above the $155 support and declined recently against the US Dollar. ·         Yesterday’s highlighted key bullish trend line was breached with support at $150 on the hourly chart of ETH/USD (data feed via Kraken). ·         The pair may continue to correct lower towards the $144 or $139 support level. Ethereum price is slowly moving in the bearish zone against the US Dollar and bitcoin. ETH/USD may accelerate the current correction towards $144 or $139. Ethereum Price Analysis Recently, ETH price failed to…