Day: February 15, 2019

Chinese Crypto Miner Predicts That Bitcoin Could Reach $740K

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Zhu Fa, co-founder of Poolin, a Chinese-based crypto mining pool, predicted that the Bitcoin (BTC) price could hit 5 million Chinese yuan ($738,000 (USD), crypto news outlet 8BTC reported on Feb.11. While Zhu noted that “it now feels more like a bear market,” he reportedly predicted that in the next bull run, prices will be 10–20 times higher than previous ones. Zhu also noted that massive prices spikes like the one that resulted in the $20,000 per BTC high in 2017, will not always exist, adding that the next bull…

Global Blockchain in Energy Utilities Market to Grow 60% by 2024

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The global blockchain in energy utilities market is expected to grow by 60 percent by 2024, according to a new report from Infoholic Research LLP published on Feb. 15. Per the report, the global blockchain in energy utilities market was assessed to be $210.4 million in 2018, and is expected to reach $3.4 billion by 2024. Infoholic Research thus predicts the growth at a compound annual growth rate of 59.4 percent during the period from 2018 to 2024. The report also notes that the key driver of growth in the…

New Legislation Recognizes Crypto as Trading Commodity

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Indonesia has introduced new legislation that recognizes Bitcoin (BTC) as a trading commodity, Asia-oriented news outlet KrASIA reported on Feb. 15. Indonesia’s Commodity Futures Trading Regulatory Agency, also known as Bappebti, initially signed a decree to make cryptocurrency a commodity future legally tradable on stock exchanges last June. The agency then stated that the Indonesian government would soon release corresponding legislation regulating currency exchange companies, taxation, and other related issues. Today, Bappebti reportedly approved regulation No. 5/2019 that recognizes Bitcoin and other digital currencies as a trading commodity. The legislation…

XRP Holds Strong After JP Morgan ‘Slaps’ Ripple With Bank-Centric Crypto

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Ripple and its go-to crypto asset, XRP, have long been a nuanced topic of discussion in the cryptosphere. Many have argued that the San Francisco-based fintech startup, deemed a company to watch by Forbes, is sleeping in bed with banks, along with other incumbents of the legacy world. But, this might not exactly be the case, as a Wall Street giant recently revealed plans to issue a digital asset that poses somewhat of a threat to Ripple’s operations but not to Bitcoin’s value. Ripple Under Threat Due To JPM Coin?…

XRP Holds Strong After JP Morgan ‘Slaps’ Ripple With Bank-Centric Crypto

boss

Ripple and its go-to crypto asset, XRP, have long been a nuanced topic of discussion in the cryptosphere. Many have argued that the San Francisco-based fintech startup, deemed a company to watch by Forbes, is sleeping in bed with banks, along with other incumbents of the legacy world. But, this might not exactly be the case, as a Wall Street giant recently revealed plans to issue a digital asset that poses somewhat of a threat to Ripple’s operations but not to Bitcoin’s value. Ripple Under Threat Due To JPM Coin?…

Coinsquare Acquires StellarX | Canadian Exchange Takes Over

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Canada’s largest crypto exchange Coinsquare has acquired the StellarX DEX according to a press release published yesterday. Under the terms of the agreement, StellarX will become a fully-owned subsidiary of Coinsquare and will now need regulatory approval to operate its service under the Coinsquare umbrella. Coinsquare Acquires StellarX Based in Bermuda, StellarX describes itself as “the first decentralized crypto platform with global fiat gateways. You can trade Bitcoin for Euros for Chinese Yuan on StellarX. That’s not possible anywhere else.” Developed as an on-ramp for traders, customers have the ability to deposit fiat money directly…

Apple Notes Blockchain Guidelines in Recent SEC Filing

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Tech giant Apple has mentioned its work in forming the Blockchain Guidelines of the Responsible Minerals Initiative (RMI) in a filing with the United States Security Exchange Commission (SEC). The document, entitled “Conflict Minerals Report” was published on Feb. 15. In general, the document pertains to Apple’s business practices and ethics in sourcing minerals for its various consumer electronic devices. Apple states that it is “committed to going beyond the minimum requirements in order to meet and exceed internationally accepted due diligence standards and protect people in its supply chain…”…

Getting Fatter, But Decrease Chatter Growing

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Bitcoin Block Size: Getting Fatter, But Decrease Chatter Growing February 15, 2019 by William Peaster The average daily size of a Bitcoin block temporarily hit 1.3MB, a new high. Yet with full nodes dwindling and the Lightning Network’s advance, some argue it’s time for a block size decrease. Skeptics of a decrease say there’s no urgency to move just yet. Others say: what’s the matter with a big fat block? For now, the debate’s on.  Also read: Taking Stock: the Top 10 Cryptocurrencies One Year Into the Bear Market We love…

Bitcoin ETF Saga Continues: SEC To Review NYSE & Bitwise’s Application

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Bitcoin ETF Rule Change Under Review What a week it’s been for the Bitcoin exchange-traded fund (ETF) space. In a matter of a few days, the hopefuls behind applications for such vehicles have been put through a rollercoaster of emotions. After what the U.S. Securities and Exchange Commission (SEC) politely requested Reality Shares, a crypto-centric investment services group based in California, to pull its application due to an array of rules and the product’s unique nature, the same regulator made a surprise comment. According to a document obtained by CoinDesk, the American…

Bitcoin ETF Saga Continues: SEC To Review NYSE & Bitwise’s Application

boss

Bitcoin ETF Rule Change Under Review What a week it’s been for the Bitcoin exchange-traded fund (ETF) space. In a matter of a few days, the hopefuls behind applications for such vehicles have been put through a rollercoaster of emotions. After what the U.S. Securities and Exchange Commission (SEC) politely requested Reality Shares, a crypto-centric investment services group based in California, to pull its application due to an array of rules and the product’s unique nature, the same regulator made a surprise comment. According to a document obtained by CoinDesk, the American…