Day: July 29, 2019

How Smaller States Are Going Big On Cryptocurrency

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It seems that a pattern is emerging between nations in favour of cryptocurrency and those that want to quash it. The two most populous nations on earth are stamping on bitcoin and its brethren, while smaller states are embracing it with their own rule books. New Cryptocurrency Players Emerging According to reports, Belarus is one among a number of smaller nations that are actively seeking ways to develop their fintech sector by opening up to cryptocurrencies. Traditionally, crypto and blockchain startups have had to choose between two extremes when deciding…

Crypto Markets See Mild Fluctuations, BTC Holds $9,500

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Monday, July 29 — crypto markets are seeing mild fluctuations, mixed red and green, while Bitcoin (BTC) is holding ground around the $9,600 mark. Market visualization. Source: Coin360 After a sharp fall on July 28 and a further correction to $9,250 the following day, the top coin has since recovered and stabilized around the $9,590 mark — up 0.5% on the day.  On the week, the coin’s losses are at around 7%, with monthly losses pushing 20%. In light of Bitcoin’s sharp downward turn since its 2019 high of $13,739,…

Bakkt to Launch Its Bitcoin Futures Exchange in Q3 2019

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Bitcoin futures contracts platform Bakkt is determined to launch its services in the third quarter of this year and gaining approval from the NYDFS would allow it to operate as a limited-purpose firm. The long-awaited launch of the cryptocurrency exchange subsidiary by the Intercontinental Exchange (ICE) Bakkt, could happen in Q3. The Bitcoin futures contracts platform is however still waiting for the approval of the New York Department of Financial Services (NYDFS) in order to operate their so-called Bakkt Warehouse, which would allow Bakkt to work as a limited-purpose trust…

AllStocks Releases its Cutting-Edge Cryptocurrency Exchange Platform (Press Release)

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Israeli FinTech firm, AllStocks Network, has officially rolled out its cryptocurrency exchange platform. The crypto exchange was released after over a year of research and development to ensure that the platform is aligned with the highest security and safety standards, as well as offers an advanced and friendly interface for traders. “We are incredibly excited and proud to finally launch our crypto trading platform,” said AllStocks CEO, Elad Aharon. “Our team has been working arduously for the past 18 months or so on the development of the system, which we…

Bitcoin Price Goes Bearish as Media Squishes Enthusiasm

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Bitcoin Price Goes Bearish as Media Squishes Enthusiasm July 29, 2019 by Ramiro Burgos The bitcoin price has gone from sideways to bearish, due to fundamentals and external factors like exaggerated media events which have dispersed investors’ wills. For a better understanding of how, and what could happen next, read our latest weekly technical analysis report. Also read: Bitcoin Price Goes Sideways Again… What Will the Next Stage Be? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Bitcoin Price Technical Analysis Long-Term Analysis The sideways movement turned…

Australian Draft Bill Excludes Digital Currency From New Cash Payment Limit

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Australia’s government has delivered supportive statements on cryptocurrency as it looks to exclude the sector from new restrictions on cash payments. In an explanatory memorandum issued late last week, the country’s Treasury said it wished to ban cash payments for goods and services which exceeded 10,000 AUD ($6,900). However, a number of exclusions would apply, including transactions involving what it describes as digital currencies. The reason, lawmakers state, is in order to prevent the disappearance of such currencies from the local economy, which in turn would lead to a block…

Iranian Gov’t Authorizes Cryptocurrency Mining As Industrial Activity

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The Iranian government has authorized cryptocurrency mining as an industrial activity. A report from IIDO-owned Mehr News Agency on July 29 revealed that the decision was taken this weekend, during a Sunday cabinet session chaired by Iran’s President Hassan Rouhani. First step towards legalizing crypto? Now that mining has been officially authorized, entities engaged in the activity will be required to seek a license from Iran’s Ministry of Industry, Mine and Trade, the report notes. Mehr News claims that many experts are interpreting the move as being the first step…

Meet Vitalik Buterin’s Mom. Her Mission Is Inclusion, Not Ethereum

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Sometimes, spreading the crypto gospel becomes a family business. Natalia Ameline, mother of ethereum creator Vitalik Buterin and co-founder of the educational nonprofit CryptoChicks, is trying to establish blockchain literacy programs around the world. She told CoinDesk that CryptoChicks has run programs so far from Pakistan to Toronto with 608 students and young developers. CryptoChicks works with Blockgeeks, an educational startup spearheaded in part by Ameline’s ex-husband, Dmitry Buterin, on blockchain-agnostic curricula that cover everything from bitcoin to smart contracts to basic business principles. And yet, CryptoChicks isn’t turning to…

Open Letter From Ripple Asks US Gov’t For Fair Crypto Regulation

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Blockchain payment network Ripple signed an open letter to United States regulators on July 28 ahead of fresh hearings on cryptocurrency regulation this week.  In the wake of mixed feelings from Congress on both Facebook’s Libra digital currency and crypto more broadly, Ripple CEO Brad Garlinghouse appealed to Washington to be lenient in its future approach. The letter, which follows other recent concerns from Garlinghouse, begins: “Many in the blockchain and digital currency industry are responsible actors. We are responsible to U.S. and international law. We are responsible to serving…

Venezuela Converts Airport Taxes to Bitcoin to Bypass US Sanctions

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The US has been pushing hard for an end of Nicolas Maduro’s presidency in Venezuela. Sanctions has been put in place by the US against the state’s company Petroleos de Venezuela (PDVSA), which caused a lot of damage to the country’s economy. Because of the nation’s reliance on the revenue generated through PDVSA, Maduro has tried to find his way around the sanctions by using the Venezuelan cryptocurrency Petro. The US is aware of Maduro’s efforts; however, they have not been able to counter these efforts with immediate effect. Now…