Day: September 15, 2019

Top-5 Crypto Performers: ATOM, EOS, ETH, DASH, TRX

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Facebook’s Libra continues to face opposition from lawmakers and central banks around the world. French Finance Minister Bruno Le Maire said that Europe should consider a European public digital currency to counter the Libra. German Christian Democratic Union parliamentarian Thomas Heilmann said that the grand coalition in Germany has agreed that it will not allow “market-relevant private stablecoins.”  However, Bertrand Perez, the director general of the Libra Association, stated that the company will satisfy all regulatory requirements and that Libra might launch in the second half of 2020. He said…

Cuba’s Citizens Use Crypto to Evade US Sanctions and Trade Restrictions

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With the United States cutting the communist-run nation of Cuba out of the global financial community, international trade has been one hell of a fight – and in this fight, crypto obtains greater and greater role. Cubans can no longer use credit or debit cards like others do. They have turned to their family outside of the country to help them purchase things they need in stores abroad. Well, not a lasting solution for the thousands of inhabitants living in the Island. Recent report from Havana suggests that Cubans are…

A Short History of the World’s Largest Bitcoin Mining Pools

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Mining pools grow and shrink, and rise and fall altogether. Today there are more extinct mining pools than there are active ones. The hashpower of the survivors secures hundreds of PoW crypto networks, from major coins such as BTC and BCH to obscure altcoins such as monero classic and “zelcash.” The following guide provides an insight into the origins of the world’s largest mining pools including their founders, geography, and ideology. Also read: Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will Mining Pools Near Their Nine-Year…

Bitcoin Is ‘The Most Extraordinary Bubble of Our Generation’ Says Trader – CCN.com

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The next bitcoin bull market is only getting started, analyst claims. | Source: Shutterstock Bitcoin is up by almost 180% year-to-date. To some, the disbelief rally has run its course, and it is now time to short the market. Trade Tosser Tweet | Source: Twitter While a quick short might be profitable now, one trader believes that the rally from $3,000 to almost $14,000 is nothing but a warm-up. According to an analyst, all four BTC bull runs were massive local bubbles. In his humble opinion, bitcoin is the future.…

Bitcoin Is ‘The Most Extraordinary Bubble of Our Generation’ Says Trader – CCN.com

boss

The next bitcoin bull market is only getting started, analyst claims. | Source: Shutterstock Bitcoin is up by almost 180% year-to-date. To some, the disbelief rally has run its course, and it is now time to short the market. Trade Tosser Tweet | Source: Twitter While a quick short might be profitable now, one trader believes that the rally from $3,000 to almost $14,000 is nothing but a warm-up. According to an analyst, all four BTC bull runs were massive local bubbles. In his humble opinion, bitcoin is the future.…

Crypto ATM Chain Coinme Collects $1.5M from Ripple Xpring and Blockchain Finance Fund

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One of the global leaders in cryptocurrency ATM manufacturer, Coinme, has recently kick-started its new A-1 funding round to accelerate global expansion. The interesting thing is that the company has successfully secured $1.5 million from Ripple’s Xpring and Blockchain Finance Fund. Founded in 2014, Coinme is a leading blockchain financial services provider which aims to make cryptocurrencies prevalent across the globe with crypto ATMs. It became the first state-licensed Bitcoin ATM company in the U.S. and now operates the largest Bitcoin kiosk network in the world through the partnership with…

ETH Privacy Startup Aztec ‘Ignites’ Its SNARKs Generation Ceremony

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Ethereum (ETH) privacy startup Aztec announced the launch of its zero-knowledge succinct non-Interactive argument of knowledge (SNARKs) generation via a cryptographic ceremony called Ignition. In a press release shared with Cointelegraph on Sept. 15 the startup also announced the closing of its latest round of investment with participation from A.Capital, Coinbase and Libertus Capital. A cryptographic ceremony Per the release, the multi-party computation ceremony is meant “to generate a set of encrypted points which will be used to derive all future Aztec notes.” The process will build an open source…

France Exempts Crypto-to-Crypto Tax But Not Upon Conversion to Traditional Money

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France’s economy minister Bruno Le Maire declared that France will exempt tax on crypto-to-crypto trade but will impose tax when cryptocurrency is converted to traditional money. Le Maire stated that when the capital gain of cryptocurrency is converted into traditional fiat currency, it is the ideal time to implement taxation. The United States has previously set a precedence for taxation on cryptocurrency by taxing the profits of crypto trades at short-term and long-term capital rate. The person or business involved in crypto trade will be paying taxes based on the…

Developers of Ethereum DEX Protocol AirSwap Disclose Critical Exploit

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Ethereum (ETH) decentralized exchange protocol AirSwap’s developers announced that they have discovered a critical vulnerability in the system’s new smart contract. AirSwap’s team announced its findings and a possible solution for all potentially affected users in a Medium post published on Sept. 13. A limited vulnerability Per the release, on Sept. 12 AirSwap’s development team found a vulnerability in a new smart contract, which has already been reverted to an older version in under 24 hours after the discovery. The exploit in question could have allowed an attacker to perform…

Ethereum Price Flashing Bullish — Can ETH Trigger an Altcoin Revival?

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For the past two weeks, Ether (ETH) price has been a frequent topic of discussion among traders. Investors are beginning to wonder if the altcoin has finished its retrace from a 2019 high at $364 and this week Ether settled at the $170 support and proceeded to reverse course. Cryptocurrency Monthly Performance. Source: Coin360 While this is not terribly exciting, and not convincing enough to indicate a trend reversal, the excitement comes from the interpretation that if Ether bottoms and reverses course, other ailing altcoins will follow suit.  Traders will…