Day: August 13, 2019

SEC Commissioner Peirce: The U.S. Should Learn from Bermuda About Crypto Regulation

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One of the present commissioners of the U.S. Securities and Exchange Commission (SEC) made the conjecture that the U.S. should learn from other countries regarding cryptocurrency regulation during a convergence forum held by Singapore University of Social Sciences. Commissioner Hester Peirce, in some circles known as the ‘Crypto Mom,’ explained that in her opinion although a single global regulatory framework would be a disaster, there is a need to learn from other international regulatory agencies. “Crypto regulation affords international regulators the opportunity to learn from one another,” she stressed. She…

Bitcoin’s Bulls Now Have a Target of $13.2K, Monthly Chart Suggests

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View Bitcoin charted an “inside bar” pattern last month, making $13,200 the level to beat for the bulls. A convincing move above $13,200 would imply a resumption of the rally from lows near $4,050 seen in April. A break below $9,049 (July’s low) would confirm a bearish inside bar reversal on the monthly chart. The hourly chart indicates prices could drop below $11,000 in the next 24 hours or so. The bearish case would weaken if lower-highs pattern on the hourly chart is invalidated with a move above $11,431. Bitcoin…

Overstock’s tZero Available For Trading By Non-Accredited Investors

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Photo: tZERO / Twitter Overstock’s blockchain subsidiary tZERO announced that their security tokens are finally available for trading by non-accredited investors. Before that, the only one who could trade in digital securities were accredited investors. As per their announcement, preferred equity security tokens (TZROP), issued in a private placement in August last year, are now available to be resold under Rule 144 under the Securities Act of 1933. Investors that have an account at Dinosaur Financial, may trade their tZERO security tokens on the PRO Securities alternative trading system (ATS).…

This Ultra Rare Pokemon Card Is Now Worth More Than a Bitcoin

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A set of rare, first-edition Pokemon cards sold for $100,000 at auction, valuing Charizard at $20k – more than a bitcoin. Source: Shutterstock A complete set of first edition Pokemon cards from 1999 just sold at auction for $107,010.  Among the set, as any avid Pokemon fan from the ‘90s will remember, is a shiny Charizard – the most coveted card. At this valuation, the first-edition Charizard alone is worth $20,000, more than a bitcoin. This complete set of first-edition Pokémon cards sold at auction for more than $107,000. 📸…

BitPay Now Requires Your Photo ID for Purchases Over $3K in Bitcoin

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Cryptocurrency payment processor BitPay is introducing new identity verification measures for certain high-value payments, refunds and payouts. According to an Aug. 1 announcement from the United States-based firm, the new measures notably do not apply to person-to-person payments using the BitPay and Copay apps. Photo ID, Social Security Number BitPay is rolling out its new ID verification flow as part of a new BitPay Dashboard, which will function as a personalized home page that provides access to users’ transaction histories and various payment features.  With the launch of BitPay ID,…

Bitcoin Could Hit $100K in the Next Bull Run: Hedge Fund CIO

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Yet another crypto fund executive sets an ambitious $100,000 price target for bitcoin. Source: Shutterstock Crypto hedge fund executive, Murad Mahmudov this morning added his voice to the growing song of experts calling for $100k a bitcoin. The CIO of Adaptive Capital weighed in on the technical debate observing that the current choppy price action is most likely just a “steady accumulation” phase. At first glance this looks like a weak chop for the next week or so, but my intuition tells me there is steady accumulation happening at these…

Cryptocurrency Services Platform BitKan Announces Partnership with Bitcoin.com

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BitKan, a cryptocurrency service provider, has struck a strategic partnership with Bitcoin.com. This deal comes as Bitcoin.com is also set to establish a cryptocurrency trading platform.This according to an article from Crowdfund Insider, August 11, 2019. Full-Spectrum Cryptocurrency Service Operation BitKan, the China-based crypto data firm, says the move is part of its plans to offer full-spectrum cryptocurrency services to its clients. Commenting on the decision to collaborate with Bitcoin.com, company CEO Liu Yang, declared: “We are delighted to establish a closer relationship with Bitcoin.com. This collaboration will expand the…

VanEck, Bitwise and Wilshire Pheonix Bitcoin ETF Proposals Delayed by SEC, Again

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VanEck, Bitwise, and Wilshire Phoenix have all had their ETF proposal decisions postponed by the SEC. According to the circular issued by the regulator, August 12, 2019, the commission decided the most coherent option they had was to further study these proposals and the market before making a decision. The SEC asked for sufficient time to consider the identical proposals. Delayed Again, No Surprise This time around, the delay was well anticipated as bitcoin’s volatility stood out and made the case for an ETF difficult for regulators to evaluate. As…

Coinbase Backs $4.3 Million Raise for New Crypto Derivatives Exchange

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A new cryptocurrency derivatives exchange that hasn’t yet launched has already won backing from major investors including Coinbase. Called Blade, the exchange platform is planning to go live in a few weeks with a focus on perpetual swaps, TechCrunch reported Monday. The firm was founded by Jeff Byun and Henry Lee, who had previously launched a delivery startup that crypto-friendly payments firm Square acquired in part in 2017. The two have now brought some of the same investors in to back their new Blade venture. Aside from Coinbase, investors in the $4.3…

No, Argentina Is Not Flocking to Bitcoin in Crisis, says Macro Trader

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As Argentina is rocked by a stock market collapse and currency crisis, one trader debunks the myth that people are turning to bitcoin. Source: Shutterstock Crisis in Argentina grips the headlines today. The Argentine peso (ARS) collapsed 30 percent in a matter of minutes yesterday while the stock market caved 48 percent before recovering. Bitcoiners quickly jumped on the narrative to promote the world’s dominant cryptocurrency. Many claimed that bitcoin was “surging” in Argentina while others encouraged locals to “find safety” in bitcoin. Bitcoin is surging in Argentina, trading at…