October 2019

Maltese Financial Regulators Warns Investors of New Bitcoin Ponzi Scheme

October 31, 2019 boss

Maltese financial regulator, the Malta Financial Services Authority (MFSA), has made it clear to residents that “Bitcoin Future,” a new Bitcoin Ponzi scheme that claims to be endorsed by popular celebrities and regulators, is a fake investment platform and has not been licensed by the MFSA, according to a press release on October 31, 2019. Bitcoin Future Not Legit At a time when authorities in various jurisdictions including China have renewed their interest in distributed ledger technology (DLT), while also formulating amenable laws to govern cryptocurrencies, people’s interest in bitcoin…

New IRS Tax Guidance Targets Crypto, and US Persons Who Use It

October 31, 2019 boss

On Oct. 9, 2019, the United States Internal Revenue Service issued Revenue Ruling 2019-24 and a series of frequently asked questions, identifying rules governing U.S. taxation of digital currencies. Taxation in the U.S. is unbelievably complex, but the new IRS guidance takes a step-by-step approach to address some of the most common issues facing holders of digital currency. The basics are as follows: If you hold digital currency and you sell or exchange it, you are subject to U.S. tax. If you are granted digital currency in the form of…

How Bitcoin’s Peer-to-Peer Cash System Was Revealed 11 Years Ago

October 31, 2019 boss

On October 31, 2008, on the eve of Halloween, Satoshi Nakamoto published the Bitcoin whitepaper. Since then the revolutionary design of the network has changed the lives of many and has transformed how we look at money today. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain The 11th Anniversary of the Bitcoin Whitepaper 11 years ago today, at 2:10 p.m. Eastern Standard, Satoshi Nakamoto published the Bitcoin whitepaper to the Cryptography Mailing List. The service used was a pipermail message service hosted on metzdowd.com run by…

How Bitcoin’s Peer-to-Peer Cash System Was Revealed 11 Years Ago

October 31, 2019 boss

Tracking Bitcoin Transactions, Explained | Cointelegraph

October 31, 2019 boss

3. To begin with, it’s important to ensure that you’re paying sufficient fees. Over the years, the number of transactions being executed over the Bitcoin network has continued to increase apace. This has meant that miners end up prioritizing transactions with higher fees, including these in their blocks first. When a crypto transaction is sent with a lower fee, it can take hours, days and potentially weeks for it to be confirmed. Such long delays normally indicate that the transaction is continually being outbid, and miners have little incentive to…

Crypto Futures Volume Is Now At 50% of Spot Trading Volume

October 31, 2019 boss

Crypto futures trading volume now reportedly amounts to nearly 50% of the value of spot trading on crypto markets, according to Bloomberg. 13 exchanges analyzed Citing volume data from 13 major global crypto exchanges, Bloomberg reported on a massive growth of cryptocurrency futures markets Oct. 31. The analyzed exchanges include institutional digital asset platform Bakkt, the Chicago Mercantile Exchange Group (CME), Binance, Bitfinex, the Huobi Derivative Market (DM), Kraken, FTX, Bitz, Deribit, CoinFlex, Bybit, OKEx and BitMEX. First ever Bitcoin futures launched in late 2017 Spot trading is simply buying…

Zilliqa Offers $5M Fund to Oxford DLT Students to Support Diversity

October 31, 2019 boss

Singapore-based blockchain firm Zilliqa launches blockchain workshops in collaboration with Oxford University to encourage diversity in the industry. Together with Zilliqa, the Oxford Women in Computer Science Society (OxWoCS), an Oxford society that aims to support women in computer science, will carry out a series of interactive workshops called Blockchain A-Z, according to a press release shared with Cointelegraph on Oct. 31. Winners to apply for grants to Zilliqa’s $5 million Ecosystem Grant Programme According to the announcement, Blockchain A-Z will be conducted on-site at the University of Oxford and…

Bitcoin and Stocks Break 2019 Inverse Correlation Trend — Chart Data

October 31, 2019 boss

In many ways, Bitcoin (BTC) and the crypto markets as a whole live somewhat independently from traditional markets. The global crypto space never sleeps, operating at all hours of the day on a global scale. Traditional market price movements and conditions, however, may still have an impact on Bitcoin. If the economy is healthy, seeing rising prices for traditional market indices such as the S&P 500, it makes sense that people might be more willing to take risks by putting money into Bitcoin, an asset that is still speculative at…

Ripple Price Technical Analysis (Oct. 31): Trading with Neutral Sentiments

October 31, 2019 boss

When looking at the chart below, we can see that Ripple (XRP)trade is trading at $0.294. It can also be observed that the cryptocurrency price is still trading inside the channel and is expected to do so for some time. Therefore, it is suggested to do swing trading. The current resistance is at $0.3032 and support at $0.289. The digital currency is currently trading with neutral sentiments. Dow Theory According to the Dow Theory, the XRP price is prsently appearing in the public participation Phase. During this phase the market…

Chinese State Media Maintains the ‘Yes Blockchain, No Cryptocurrency’ Policy

October 31, 2019 boss

Last week, Chinese President Xi Jinping made several positive remarks regarding blockchain adoption, which sent the share prices of various blockchain-related firms to higher levels. The comments from the Chinese leader also skyrocketed Bitcoin(BTC)trade, resulting in last week’s rally that the crypto market witnessed. However, the Chinese state newspaper the People’s Daily released a commentary, explaining that investors shouldn’t refer to this blockchain endorsement as a support for the entire crypto market as a whole. Xi Jining said that China should boost the development of distributed ledger technology and blockchain,…