Day: April 15, 2019

Facebook, JPMorgan Taking Interest in Crypto is Optimistic, But There’s a Catch

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Decentralized exchanges (DEXs) have rapidly become a hot topic in the ongoing crypto bear market. NewsBTC took some time to sit down with Alex Wearn, the chief executive of AuroraDAO, the company by the popular IDEX exchange, to talk about this crypto subsector, mainstream Bitcoin adoption, and this innovation’s long-term prospects when pitted against the U.S. dollar. A Tell-All With Alex Wearn About Decentralized Crypto Exchanges NewsBTC: How has the crypto winter affected your team? Has it been hard to innovate? Alex Wearn: Our vision at Aurora is unchanged by…

LedgerX Reveals Bid to Beat Bakkt to Physical Bitcoin Futures Launch

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Cryptocurrency derivatives provider LedgerX plans to become the first U.S. firm to offer physically settled bitcoin futures contracts. The company announced Monday that it has filed for a designated contract market (DCM) license, which would allow LedgerX to offer physically-settled bitcoin futures products to its customers. Unlike the cash-settled bitcoin futures offered by CME Group (and previously, Cboe), customers would receive the actual bitcoin underlying a contract after it expires, rather than the U.S. dollar equivalent. And perhaps more notably, LedgerX can target retail investors with its new offering, said…

Facebook Coin is like the Intranet, Bitcoin is like the Internet

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As the Bitcoin bear market ran its course through 2018 and early-2019, Facebook quietly entered the cryptocurrency and blockchain space. While the details of the venture were kept under lock and key at first, more and more has leaked about what pundits call “FBCoin,” a crypto asset from the social media giant that could bring this innovation to billions. While many technologists have opened their arms to this innovation, lauding the potential for a revolution in fintech, what do pundits of true, decentralized cryptocurrencies think of FBCoin? And more importantly,…

5 Cryptocurrency Tax Questions to Ask on April 15th

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Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, but similar issues arise around the world. As always, check with a local tax professional to assess your own particular tax situation. 1. Do I need to report my cryptocurrency trades to the IRS? You need to report your cryptocurrency activity if you incurred a taxable event during the year. A taxable event is a specific scenario that triggers a tax liability. The below are…

India’s Central Bank Targets Blockchain Payments While Hating Bitcoin

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94% of Surveyed Endowment Funds are Allocating to Crypto Investments: Study

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94% of endowments have been allocating to crypto-related investments throughout 2018, a new survey published on April 12 reveals. The study was conducted in Q4 2018 by trade publications Global Custodian and The Trade Crypto, in partnership with blockchain security firm BitGo. Out of 150 surveyed endowments, 89% of the respondents were reportedly based in the United States, with the rest either in the United Kingdom or Canada. The survey indicated that despite widely-reported concerns around regulation, custody and liquidity, endowments will continue to allocate investments to the new asset…

Coincheck Exchange Adds Ethereum And Ripple to Its New Over-the-Counter Trading Desk

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Japanese cryptocurrency exchange Coincheck has added its first two altcoins to its recently launched over-the-counter (OTC) trading desk, Cointelegraph Japan reported on April 15. Coincheck, which began operating its OTC service with Bitcoin (BTC) at the start of the month, now also offers Ethereum (ETH) and Ripple (XRP), the second and third largest cryptocurrencies by market cap respectively. OTC desks offer specialized services for large-volume traders, allowing them to save on fees and skirt what would otherwise be considerable hurdles purchasing or selling major crypto investments via standard methods. The…

Bitcoin Storms Back with 75% Gain, Cementing 2018’s Crypto Bottom

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Bitcoin Storms Back with 75% Gain, Cementing 2018’s Crypto Bottom

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. According to Peter Brandt, an experienced and widely recognized technical analyst, major crypto assets such as bitcoin has recovered by more than 75 percent since 2018 lows. Relative strength among…

PR: Bitcoin Depot Adds 30 Bitcoin ATMs in Chicago With Zero Fees

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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. As cryptocurrencies continue to influence the financial service industry and provide users with endless possibilities, bitcoin ATMs have proven to play a critical role in the cryptocurrency adoption process. Bitcoin ATMs convert fiat currency into digital cash, ensuring a seamless transaction experience. Bitcoin ATMs, which are also called BTMs or bitcoin kiosks, are…