Day: September 20, 2019

Price Analysis 20/09: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA

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Can the altcoins continue their rally after a shallow pullback? Let’s analyze the charts. Though Bitcoin’s (BTC) price action has largely been lackluster in the past few days, it could change with the launch of Bakkt. Fundstrat Global Advisors co-founder Tom Lee is positive on “Bakkt and its ability to improve trust with institutions to crypto.” The crypto markets have been waiting for institutional interest to fuel the next leg of the up-move and Bakkt is an important step in that direction. To maintain its advantage, the Chicago Mercantile Exchange…

Malaysian Ministry of Education Fights Fake Degrees With Blockchain Tech

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The Malaysian Ministry of Education has introduced E-Skrol, an application built on the NEM blockchain to deal with the issue of certificate fraud through the use of blockchain technology. In a Sept. 19 article by local news agency Bernama, the Ministry of Education in Malaysia announced that the previously introduced E-Skrol blockchain application, which makes it possible to verify the authenticity of Maylaysian educational degrees, will now be available for all public and private universities in the country. The E-Skrol application aims to tackle the increasing cases of fake educational…

FCA Warns Public About Clone Firm Offering Crypto Investment

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The British Financial Conduct Authority (FCA) has warned the public about First BTC FX, a supposed clone firm offering fraudulent crypto investments. Using details of an FCA-authorized firm According to an FCA warning published on Sept. 20, First BTC FX is posing as authorized firm First Global Limited. First Global is a trade name for nonprofit organization International First Committee Association. First BTC FX also claims to represent a trade name of First Global on its website firstbtcfx.com. Clone firms posing as legal entities The scam entity claims to provide…

CME Group Will Offer Options on Bitcoin Futures Contracts in Q1 2020

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The Chicago Mercantile Exchange (CME), the world’s largest options and futures exchange, announced today that its thriving Bitcoin futures contracts will include options as early as 2020. Derivatives marketplace CME Group announced on Friday that, starting next year, it will offer options on its Bitcoin futures contracts. The company launched its futures product back in December 2017, at the same time as the Chicago Board Options Exchange (CBOE) did the same. In its announcement today, CME said that this step is made in order to provide clients with “additional tools…

CME Group Will Offfer Options on Bitcoin Futures Contracts

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Derivatives marketplace CME Group announced on Friday that, starting next year, it will offer options on its Bitcoin futures contracts. The company launched its futures product back in December 2017, at the same time as the Chicago Board Options Exchange (CBOE) did the same. In its announcement today, CME said that this step is made in order to provide clients with “additional tools for precision hedging and trading.” The launch is still pending regulatory review. Tim McCourt, CME Group global head of equity index and alternative investment products, commented: “Based…

Fraudulent TON Investment Ads Reportedly Circulating Facebook

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Fraudulent advertisements have reportedly begun circulating Facebook offering to join the Telegram Open Network (TON) investment platform. As Russian news outlet Kommersant reported on Sept. 20, ads promoting the so called “Successful Investor” account appeared on Facebook. Once clicked, the ad leads to a website disguised as Russian economics and technology media outlet RBC, where a publication — which looks like an investigation article — has built-in links to a site with a video featuring a “unique scheme” of earnings and a form for registration supposedly for the TON platform.…

Are Tax Moves to Puerto Rico Worth It for Crypto Holders?

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Some in the crypto community have embraced Puerto Rico, which seems to have done a good job of promoting itself. But is it for you? I can only address the tax issues, not anything else.  To a large extent, the tax issues depend on what kind of income you will generate, whether personal or business, from where you generate it, and when the income — or even the appreciation in assets — occurs. Ideally, you want all income and all gain to come from Puerto Rico, and all the income…

Bitcoin ATM Count Grows by 500% in Three Years

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The Bitcoin ATM scene continues to see impressive growth figures pointing to increasing demand and profitability of the business. Bitcoin mapping platform “bitrawr” says there has been a six-fold increase in the total global crypto ATM count since September 2019. Meanwhile, regulators are beginning to shine the spotlight on crypto kiosks over fears of money laundering and other illicit financial activities. More than 5,500 Bitcoin ATMs Installed Worldwide Data from CoinATMRadar shows that there are more than 5,500 Bitcoin ATMs around the world. Tweeting on Thursday (September 19, 2019), bitrawr…

Seed CX Slashes Rates as Crypto Trading Fee War Looms

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Cryptocurrency exchange Seed CX has cut its fees to gain market share as competition piles into the crypto trading space. Margin compression across the industry is the result of the most popular exchange services become commoditized as crypto usage proliferates. Fees for takers is down to five basis points from eight bps on the Seed Digital Commodities Market, while makers, who previously traded on the exchange for free, receive one bp rebate. In an interview, Seed CX co-founder Edward Woodford told CoinDesk that the fee cuts came on the heels of a…

Square Crypto Adds 3 New Members to Complete Inaugural Dev Team

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Over the years, Square (NYSE:SQ) managed to emerge as one of the most innovative payments company in the United States, and it is no surprise that the company came up with Square Crypto in 2019. Back in March this year, Square made the announcement that it was going to go into crypto, and now the company has started hiring to kickstart the project. Completes Inaugural Developer Team The company announced that it has completed the ‘inaugural developer team’ for the project and has made key appointments already. The development team will…