Day: January 29, 2019

Central Bank Will Consider Expert Input Before Enacting Crypto Regulations

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Iran’s central bank said it would consider opinions from the cryptocurrency sphere prior to finalizing new draft regulations, according to a statement today, Jan. 29. The same day, the Central Bank of Iran reportedly uploaded plans for its approach to cryptocurrency regulation on its official website. The bank said it plans to discuss the rules at the ongoing Electronic Banking and Payment Systems Conference in Tehran, which began today. A report from local news outlet Al Jazeera today noted that lawmakers would seek to ban aspects of cryptocurrency. Specifically, the…

‘Volume of Transactions in Africa Has Risen 130 percent in 2018’

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A site enabling consumers to buy Bitcoin using hundreds of different payment methods says demand is thriving despite declining cryptocurrency prices — with Africa being its biggest market. Paxful says the volume of transactions it has processed from the continent has risen by more than 130 percent — and now, an average of 17,351 trades per day are being made by its users in Africa. As well as enabling consumers to buy crypto using debit cards and platforms such as PayPal, the company has carved a niche in the market…

Payment Services Provider Aliant Introduces Free Crypto Processing to Some Merchants

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United States merchant services provider and payment processing firm Aliant Payments has announced it will offer free crypto transaction processing to some merchants, according to a press release Jan. 29. Aliant’s crypto processing product for merchants, dubbed CryptoBucks, was launched in 2017. As the firm announced today, free crypto processing via the platform is now available “to qualifying merchants that sign up for debit and credit card processing.” The company clarified that the merchants must be located in the U.S. or Europe. According to the press release, Aliant has partnered…

Bitcoin Rally To Be Preceded By More “Crypto Is Dead,” Layoffs, Regulation, Says Investor

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Since Bitcoin began to tumble in early-2018, crypto investors en-masse have been sitting on their hands, eagerly waiting for the eventual market turnaround. And while hopeful sentiment has begun to mount, especially as this industry’s news cycle indicates that common Joes & Jills shouldn’t be disconcerted, one fund manager believes that crypto will take another bone-breaking, heart-stopping, and blood-inducing blow before a rally. Related Reading: Fred Wilson: Bitcoin May Take Much of 2019 to Bottom Out, But There Are Catalysts Crypto Winter Isn’t Over… Yet The broader crypto & blockchain ecosystem…

Bitcoin Rally To Be Preceded By More “Crypto Is Dead,” Layoffs, Regulation, Says Investor

boss

Since Bitcoin began to tumble in early-2018, crypto investors en-masse have been sitting on their hands, eagerly waiting for the eventual market turnaround. And while hopeful sentiment has begun to mount, especially as this industry’s news cycle indicates that common Joes & Jills shouldn’t be disconcerted, one fund manager believes that crypto will take another bone-breaking, heart-stopping, and blood-inducing blow before a rally. Related Reading: Fred Wilson: Bitcoin May Take Much of 2019 to Bottom Out, But There Are Catalysts Crypto Winter Isn’t Over… Yet The broader crypto & blockchain ecosystem…

Blockchain Whispers: An Insight into the Most Effective Crypto Signals Channel

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On February 1st, 2018, everyone was bullish on Bitcoin, more so the channels calling to hold (or hodl) on to Bitcoin, we all know what happened next. However, a Telegram channel going by @blockchainwhispersbaby announced to followers that Bitcoin was going to drop at the height of January. For anyone who has always been wary of self-proclaimed Telegram channels and Twitter prophets, the 96% accuracy of this channel has to be astonishing. That’s incredible, well above 75% which would be great. Since then, Blockchain Whispers moved to their own platform…

Trump Ended U.S. Government Shutdown, but the Damage It Did to Crypto Adoption Is Here to Stay

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On Jan. 25, United States (U.S.) President Donald Trump ended the partial government shutdown, albeit temporarily. As a result of the funding package he signed on Friday, the government will be open for three weeks. While the future still seems unclear for U.S. government facilities, which are now returning to work after the 35-day standoff between Trump and the Senate, it is time to reassess how regulatory agencies like the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) were affected, and what that means for the crypto…

Bitcoin testing a dangerous support line

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A steep drop of $100 on Sunday evening heralded a mini dive down below the $3,400 line yesterday afternoon. With some degree of fight, the bears and bulls of BTC have been engaged in a digital tug-of-war either side of $3,400. After regularly falling under this mark, it still managed to claw back up for the hourly closes. This tells us plenty of crucial things about the market. Firstly, to be able to cling on at the hourly closes, it suggests there is lots of support still in the pot…

Deutsche Börse, HQLAx Report ‘Significant Process’ on Blockchain Securities Lending Platform

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Major global securities marketplace Deutsche Börse has reported it is “making significant progress” on its blockchain-based securities lending platform, according to an official press release on Jan. 29. The platform is being co-developed by the German securities marketplace and Luxembourg-based blockchain liquidity management platform, HQLAx. According to the press release from Deutsche Börse, six banks have to date confirmed their plans to join the ​​securities lending platform, and have initiated “their connectivity processes.” The platform’s launch is scheduled for the the first half of 2019, while all related legal and…

Expect More Crypto Exchange Shutdowns and Ragequits

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The ongoing “crypto winter” would lead more cryptocurrency exchanges to their deathbeds, predicted Travis Kling. The former Wall Street portfolio manager issued his statement after Kiev-based Liqui, a cryptocurrency exchange, closed down its operations citing illiquidity. He asserted that the ongoing implosion of the cryptocurrency industry was a good thing, stating that the market would move higher only after the wipe off. We need more. More exchanges gone. More projects shuttering. More SEC enforcements. More developer ragequits. More ICO Treasury selling. More layoffs. More fund liquidations. More scammers exposed. More…