Day: July 6, 2019

Circle CEO Hopes Libra’s Unique Needs Trigger Positive Regulation

boss

Jeremy Allaire, co-founder and CEO of payments company Circle, said that Facebook’s Libra will run in a closed-loop permission scheme that has its own requirements for regulation during an interview with Bloomberg released on July 5. During the interview, Allaire pointed out that there are different stablecoin implementations distinct in their regulatory approach. He explained: “There’s a really key difference between stablecoins that run on kind of closed-loop permission schemes — which is how Libra is being proposed today, at least in its initial incarnation — versus stablecoins that can…

Bitcoin Is A Legitimate Store Of Value, BTC Falls 8.1%

boss

Bitcoin (BTC) under pressure, down 8.1 percent Q1-2 2019 marked the end of the crypto winter There is growth and Bitcoin ecosystem is improving. Corporations are sinking millions toward blockchain infrastructure development. At the same time, fund managers can capitalize on BTC’s volatility to register extraordinary gains. At the time of press, BTC is shaky and may print lower. Bitcoin Price Analysis Fundamentals At a time when funds are reviewing their portfolio, Bitcoin and crypto investors are in for a big windfall. Surging, and more than tripling in the first…

Litecoin (LTC) May Break Or Soar In A Month’s Time

boss

Litecoin (LTC) bullish above $100 Next month’s halving is decisive for LTC Perhaps the highlight of Q3 2019 will be the Litecoin halving. In a more involving and mature market, the reaction after the event could either disappoint or elate traders. An exponential rise will spur FOMO. However, if LTC dip or range hinting of a “priced-in” situation, traders would be deflated. For now, LTC is stable above $100. Litecoin Price Analysis Fundamentals The clock is ticking, and it’s less than a month to Litecoin halving. Hard-coded in Litecoin’s source…

Why XLM Is Plunging While Bitcoin Booms

boss

Since the turn of the year, Stellar (XLM) is the only major cryptocurrency not to have increased in price. While that sinks in, bear in mind that most coins in and around the 12th ranked XLM have recorded anywhere between 100% and 1,100% growth during the same period. So after a “stellar” year in 2018, which brought increased institutional adoption and major tech partnerships for the crypto project, why is Stellar now lagging behind? The answer may be found in the question itself… XLM’s Stellar Past Stellar outperformed Bitcoin over…

Blockchain and AI Bond, Explained

boss

5. Even with these challenges ahead, several companies and organizations are already introducing AI into blockchain to produce results. There are already several promising projects merging the technologies that span a variety of fields. Recently, blockchain-based Cortex has announced the launch of an AI-based network for decentralized applications (DApps), which can help optimize financial services. The company hopes to use the technology to generate credit reports for decentralized financial services, construct better anti-fraud systems, and even assist in gaming and esports. Other companies, such as Endor, have taken a narrower approach. The organization,…

Tron’s Justin Sun Didn’t Cause a Suicide – But He Didn’t Stop It Either

boss

TRON (TRX) founder Justin Sun found himself at the center of a $30 million controversy this week, after burned investors in a Chinese Ponzi scheme claimed Sun was complicit for their losses. Victims of the Ponzi say Sun’s failure to denounce the scheme – which purported to be associated with TRON – caused more damage than was necessary. In a tragic turn of events, one single-mother committed suicide after borrowing money to invest in the scheme, only for the scammers to depart with the $30 million (200 million CNY) soon…

Tron’s Justin Sun Didn’t Cause a Suicide – But He Didn’t Stop It Either

boss

TRON (TRX) founder Justin Sun found himself at the center of a $30 million controversy this week, after burned investors in a Chinese Ponzi scheme claimed Sun was complicit for their losses. Victims of the Ponzi say Sun’s failure to denounce the scheme – which purported to be associated with TRON – caused more damage than was necessary. In a tragic turn of events, one single-mother committed suicide after borrowing money to invest in the scheme, only for the scammers to depart with the $30 million (200 million CNY) soon…

Avoid State Taxes on Crypto With US Supreme Court’s Recent Trust Decision?

boss

Robert W. Wood is a tax lawyer representing clients worldwide from the offices at Wood LLP in San Francisco. He is the author of numerous tax books and writes frequently about taxes for Forbes, Tax Notes and other publications. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. This discussion should not be regarded as legal advice. The United States Internal Revenue Service (IRS) treats Bitcoin and other cryptos as property. That means each property transfer can trigger…

Bitcoin (BTC) Price Showing Positive Signs: Bulls Sighting Bullish Break

boss

After a downside correction, bitcoin price fond support near the $10,800 level against the US Dollar. There was a decent recovery in the past two sessions and the price traded above $11,300. There is a key bearish trend line forming with resistance near $11,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is still trading below $300 and ripple price is struggling to climb higher. Bitcoin price is showing positive signs above the $11,200 level against the US Dollar. BTC could surge higher once it…