January 9, 2019

BTC Ranging, Russia’s Grand Plans

January 9, 2019 boss

Bitcoin Price is ranging inside Jan 6 high low Russia may convert their USD Reserves to BTC to bypass sanctions Trading volumes are low Technically, BTC is bearish from a top-down approach but bullish in the short term. We expect ecstatic buys if bulls drive prices above $4,500 and, in that case, first targets will be at $6,000. Bitcoin Price Analysis Overview At the time of press, BTC is up 5.3 percent against the USD in the last seven days. Nonetheless, we are net bullish and expect prices to recover…

XRP Bullish as Ripple Company make Strides

January 9, 2019 boss

Ripple Price ranging within Dec 28 high low We expect breakouts above 40 cents to be strong Ripple company progress is solid At spot rates, Ripple (XRP) is ranging against the USD and up 0.4 percent at the time of press. These gains are modest, but as long as XRP is above 30 cents, price rallies towards 80 cents are on the cards. Ripple Price Analysis Overview In the last day, XRP is up 0.4 percent and moving horizontally inside a 6 cents range. Because of Sep 2018 upsides and…

From Bitconnect to SIM-Swap Swindling: 2018’s Biggest Scams

January 9, 2019 boss

2018 will long be remembered as the start of a significant cryptocurrency bear market, but the declining market still provided opportunities for scam artists to snag unwary investors. Given that 2017 was a breakout year for Bitcoin (BTC) and the likes, investors were clamoring to enter the fray as the price of cryptocurrencies skyrocketed toward the end of the year. With such a positive environment, businesses and developers looked to leverage blockchain technology for new projects, leading to a boom of new initial coin offerings (ICO) that has collectively raised…

From Bitconnect to SIM-Swap Swindling: 2018’s Biggest Scams

January 9, 2019 boss

European Banking Authority Report Urges Steady Approach to Cryptocurrency Regulation

January 9, 2019 boss

The European Banking Authority (EBA) has recommended further research into cryptocurrency and will perform “a number of actions” relating to the sector in 2019. The agency has said this in its latest report published Jan. 9. In the document, which focuses on the “applicability and suitability of European Union law to crypto-assets,” the EBA appeared broadly unhurried about developing new regulatory frameworks for the bloc. “Typically, crypto-asset activities do not constitute regulated services within the scope of EU banking, payments and electronic money law, and risks exist for consumers that…

Central Banks Could Turn to Crypto to Support Reserves

January 9, 2019 boss

Cryptocurrency pioneer Nick Szabo has argued that central banks could soon turn to cryptocurrencies to shore up their reserves, Finance Magnates reports Jan. 9. Szabo is a veteran cryptographer, having developed the concept of “BitGold” — a never-implemented, pre-Bitcoin (BTC) privacy-focused digital currency back in 1998. He is also the first to have conceptualized smart contracts, in 1996 — well ahead of their industry-wide traction — and remains a leading thinker in the crypto sphere. In remarks following his presentation at the Israel Bitcoin Summit at Tel Aviv University on…

Venezuela Introduces Crypto, Foreign Fiat Operations Taxation

January 9, 2019 boss

Venezuelan government has published a new decree that introduces taxation for operations with cryptocurrency and foreign fiat in its official newspaper Monday, Jan. 7. The decree No. 3,719, published in the Gaceta Oficial edition No. 6,420, is accompanied with another decree that explains the regulatory framework behind the new rules, introduced amid what the newspaper describes as the state of economic emergency. As Cointelegraph in Spanish notes, all citizens who deal with cryptocurrencies or foreign fiat currencies are now obliged to report their income and pay taxes in the same…

Thailand’s Finance Ministry Grants Licenses to Three Crypto Exchanges

January 9, 2019 boss

The Ministry of Finance in Thailand has granted working licenses to three crypto trading companies and denied permits for two businesses seeking to become regulated exchanges. The ministry has also issued a working permit to a cryptocurrency broker and dealer. “The four applicants granted a license are three digital asset exchanges – namely (1) Bitcoin Exchange Co., Ltd. (BX) (website: bx.in.th), (2) Bitkub Online Co., Ltd. (BITKUB) (website: bitkub.com), and (3) Satang Corporation (Satang Pro) (website: satang.pro) – and one cryptocurrency broker and dealer Coins TH Co., Ltd. (website: Coins.co.th),” Thailand’s Securities…

Thailand’s Finance Ministry Grants Licenses to Three Crypto Exchanges

January 9, 2019 boss

Japan’s Financial Regulator Denies Interest in Bitcoin ETF

January 9, 2019 boss

Japan’s Financial Services Agency (FSA) has denied that it is considering allowing Bitcoin (BTC) exchange-traded funds (ETFs), Cointelegraph Japan reports Jan. 9. As Cointelegraph reported Monday, Bloomberg has recently published an article claiming that Japan’s FSA is considering the approval of a Bitcoin ETF, citing an anonymous source. Following the reports, Cointelegraph Japan has contacted the regulator, and the FSA’s representatives have denied Bloomberg’s claims, stating: “At this moment, we are not exploring an approval of ETFs based on crypto assets.” The agency’s staff also told Cointelegraph Japan that they…