Day: January 9, 2019

Overregulation Prevents Crypto Development, Says Central Bank Official

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Overregulation in Ukraine is reportedly preventing the cryptocurrency industry from evolving in the country. An official of the Ukrainian central bank (NBU) told this to a local crypto news outlet LetKnow Tuesday, Jan. 8. Mikhail Vidyakin, the director of the strategy and reform department of NBU, believes there are too many institutions in the country that have the authority to regulate cryptocurrencies. LetKnow has highlighted that there are at least three government organizations in Ukraine that fall under that definition: the NBU, the Ministry of Finance and the National Securities…

Bitcoin Price Faces Minor Pullback as Indecision Creeps into Market

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With the bitcoin (BTC) market showing signs of indecision, prices could soon retreat back below $4,000. The world’s largest cryptocurrency by market capitalization witnessed two-way business yesterday before ending largely unchanged on the day (as per UTC) at $3,995 on Bitstamp. Worryingly for the bulls, BTC created a doji candle on Tuesday – widely considered a sign of indecision in the market – even though a bull flag breakout, witnessed yesterday, had seemingly set the stage for a move above $4,300. Notably, the candlestick pattern appeared at the top of…

Russia Could Start a Bitcoin Bull Run as Early as February 2019

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A Russian economist believes that the impending U.S. sanctions against Russia will force the country to start diversifying its reserves with Bitcoin as early as February 2019, Micky reported on January 8, 2019. New Sanctions Could Trigger a Bull Market The bear market that has persisted in the crypto industry since November 2018 might be coming to an end sooner than anticipated, as sources claim a bull market could start as early as February 2018. Vladislav Ginko, a lecturer at Moscow’s Russian Presidential Academy of National Economy and Public Administration,…

France’s Yellow Vests Plan Bank Run to ‘Scare State Without Violence’

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French grassroots political movement the Gilets Jaunes — Yellow Vests — is planning a bank run similar to Bitcoin’s (BTC) Proof of Keys, sources revealed on social media Jan. 7. Dubbed the “Collectors’ Referendum,” the latest demonstration by the movement calls on supporters to withdraw all their savings and other deposited cash from financial institutions on Saturday. Speaking in a video uploaded to Facebook, an activist known only as Tahz San said the gesture aimed to “scare this (French) state completely legally and without any violence, yet more effectively than…

The Gemini Ad Campaign That Isn’t Actually an Ad Campaign

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The Gemini Ad Campaign That Isn’t Actually an Ad Campaign January 9, 2019 by Paul de Havilland The Gemini ad campaign has raised many eyebrows in the crypto community. But what many seem to have misunderstood is that the Winklevoss twins aren’t advertising their services to attract users. They are speaking to the SEC. Also read: Roubini Caps Off Year of Self-Ridicule With a Hall of Shame and a New Word for Altcoins Join the Bitsonline Telegram channel to get the latest bitcoin, cryptocurrency, and tech news updates: https://t.me/bitsonline Gemini Eats, Breathes, and Dreams…

Crypto Market Stable at $137 Billion as TRON Surges 7%, Still Bear-Biased?

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While the crypto market maintained stability in the $135 billion to $137 billion range, TRON and NEO recorded seven and ten percent gains respectively as the two best performing major digital assets on the day. Bitcoin has shown decent volume at around $5 billion throughout the past two weeks but has struggled to show signs of a major breakout above key resistance levels. Is the Market Up For a Boring Year in 2019? In the last several weeks, a few crypto assets in the likes of Ethereum (ETH) and TRON…

Bitcoin Mining Chips Manufacturer Canaan Knocks the U.S. Door for an IPO

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Photo: Canaan China-based Canaan Creative, the world’s second-largest manufacturer of crypto mining hardware is considering to launch its IPO. According to the Bloomberg report, Canaan will launch its Initial Public Offering (IPO) in the United States, instead of China. People familiar with the matter said that the IPO launch will take place in New York in the first half of 2019. However, the process for IPO filing is still in its early stage. In March 2018, Canaan also tried filing its IPO in Hong Kong in a bid to raise…

Thailand Opens Doors to Crypto, First Four Exchanges Approved by SEC

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Divisions are forming across Asia with regards to cryptocurrencies. Some nations such as China are constantly stomping on anything to do with crypto assets but others, Thailand being the latest, are opening their digital doors to the fledgling industry. Thai SEC Approves Crypto Exchanges Thailand started out with a heavy handed approach to cryptocurrencies proposing crippling taxes on trading and profiting from them. This would have no doubt spelled the end of the industry in the Kingdom before it even began. Backpedalling, Thailand’s ruling junta, which has proved over its…

Law changes on pension cold calling

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Cold calls about pensions are now illegal in some circumstances following a change in the law. Unsolicited calls are the most common method for companies who operate pension scams to contact people and new legislation introduced by the government from 9 January aims to tackle this. ICO Investigations Manager, Andy Curry, said: ”These calls cause untold misery to thousands of people and we are pleased that the law now offers greater protection to stop them being scammed out of their hard-earned pensions by unscrupulous operators. “The ICO has powers to…

New Bot Enables Millions to Send and Receive Cryptocurrencies on Facebook Messenger

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A company is giving Facebook users a way to securely send and receive crypto through Messenger — all while keeping sensitive information private. Lite.IM says its bot currently supports four cryptocurrencies: Bitcoin, Ethereum, Litecoin and its own native currency, ZTX. The company says it is “driven by a vision of what the world might look like if the founding ideals of the cryptocurrency revolution were actually realized” — a place where anyone can enjoy financial freedom irrespective of their technical skills or the region of the world where they reside.…