Day: July 29, 2019

Tether Stablecoin to Run on BlockStream’s Liquid Network Sidechain

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Tether is now running on a sidechain of Bitcoin’s blockchain. While Tether has traditionally operated on the Omni Layer of Bitcoin, the U.S. dollar-backed stablecoin has begun spreading to other blockchain protocols this month. Most recently, Tether is now being offered on blockchain company BlockStream’s Liquid Network sidechain, according to an official announcement on July 29. According to the announcement, Liquid-based Tether — called Liquid USDT — is being offered immediately for deposits and withdrawals on Bitfinex. Additionally, the staff at Liquid are reportedly developing support for Liquid USDT on…

Bitcoin Price | What the Technical Chart Indicates About BTC’s Movement

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The month of July has been a very volatile one for Bitcoin investors due to the range of factors that brought the six-month-long bull run from the start of the year to an abrupt end. BTC had risen to $14,000 at one point last month but now the token is struggling to hold on to the $10,000 level. Price Analysis In a new development, Bitcoin price easily went below the psychologically important level of $10,000 yesterday, despite a rally that had taken the price to as much as $10,200. Traders…

Bitcoin Price | What the Technical Chart Indicates About BTC’s Movement

boss

The month of July has been a very volatile one for Bitcoin investors due to the range of factors that brought the six-month-long bull run from the start of the year to an abrupt end. BTC had risen to $14,000 at one point last month but now the token is struggling to hold on to the $10,000 level. Price Analysis In a new development, Bitcoin price easily went below the psychologically important level of $10,000 yesterday, despite a rally that had taken the price to as much as $10,200. Traders…

Price Analysis 29/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, XLM, ADA

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Is volatility in Bitcoin likely to expand soon? Will the price move up or plummet? Let’s analyze the charts. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange.   While large economies are confused on how to handle cryptocurrencies, smaller nations — Belarus, Bahrain, Malta and Gibraltar — have taken the lead. They have…

Four Crypto Exchanges Face Stricter Regulation in South Korea: Report

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Four South Korean cryptocurrency exchanges are reportedly facing stricter regulation as they aim to renew their banking accounts. As local industry media TheBchain reports on July 29, the new requirements come after the Financial Action Task Force (FATF) released recommendations on virtual currency regulations. Per the report, South Korean cryptocurrency exchanges Bithumb, Upbit, Coinone and Korbit will have to comply with new, stricter norms to successfully renew their banking partnerships following the FATF guidance released in June. As Cointelegraph reported at the time, the new guidance posits that crypto asset…

CNBC Host Makes Persuasive Case for 500% Bitcoin Price Surge

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In a clear sign of improving comprehension about the fundamentals driving the bitcoin price, newly minted “friend of crypto” Joe Kernen just made a convincing case on national television that the cryptocurrency could surge nearly 500 percent by next May. Citing the upcoming halving in 2020, the CNBC Squawk Box host noted the possibility of BTC/USD hitting $55,000 in just 10 months. Will bitcoin reach $55k by May 2020? @JoeSquawk discusses #btc with @StocktonKatie pic.twitter.com/r1b5rNhX1s — Squawk Box (@SquawkCNBC) July 29, 2019 Bitcoin Halving in 2020 Could Be Massive The…

BitMEX Bitcoin Outflow Cooling Amidst Massive Double Liquidation

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Reports show a decrease in the outflow from BitMEX that likely signal an end to the week-long panic from users of the bitcoin exchange. Meanwhile, the Seychelles-based platform is being accused of contributing to the shrinking BTC trading volume following massive liquidation of both short and long positions. Run on BitMEX Paused Tweeting on Sunday, July 28, 2019, Twitter user and provider of crypto market data “Skew” revealed a lull in the outflow from BitMEX. The platform’s bitcoin cold storage appears to have seen fewer withdrawals since Saturday (July 27,…

US Capital Global Offers $10 Million in a Tokenized Crypto Fund

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US Capital Global Securities (USCGS), offers investors a $10 million equities investment in a tokenized fund, reveals a press release published on July 29. USCGS is a Financial Industry Regulatory Authority (FINRA)-regulated affiliate of private investment bank US Capital Global. Per the release, USCGS is offering to accredited investors a $10 million equity investment in the first tokenized venture fund of private digital venture capital fund CityBlock Capital, NYCQ Fund LP. The fund, of which the institution is the exclusive placement agent, reportedly has holdings in major companies in the…

Hamburg Senate Issues First Blockchain Report, Expects DLT to Grow

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  The Senate of Hamburg has introduced the first comprehensive report on the development of blockchain activities in the city. Hamburg Senate expects the role of blockchain to increase in the coming years In an official statement on July 23, the Hamburg authority stated that several blockchain initiatives have been piloted in the city as the senate expects the role of blockchain technology to grow in coming years. Senator Michael Westhagemann emphasized that the city of Hamburg relies on real strengths of the technology, while other cities are positioning themselves…

US: IRS Sending Tax Compliance Letters To Cryptocurrency Investors

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The U.S. Internal Revenue Service (IRS) is sending out letters to investors of virtual currencies such as Bitcoin, advising them to report and pay income taxes or file amended returns for transaction not reported properly. The IRS will send “educational letters” to more than 10,000 taxpayers to encourage them to make the filing or amend their filing. The IRS expects to complete sending the letters, which started last week, by end of August. “Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past…