Day: November 3, 2019

Oct. 28-Nov. 3 in Review

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Brazil has seen another tumultuous week in the cryptocurrency industry, as the alleged pyramid scheme Atlas Quantum upsets it customers yet again, another six individuals linked to the Unick Forest crypto scheme are arrested, and the founder of A2 Trader challenges Brazilian regulators to shut down his trading website. Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Brasil. Atlas Quantum upsets customers, as it buys BTC for $5,500 and resells for $11,710  The alleged pyramid scheme, Atlas Quantum, a Brazilian platform…

As Bitcoin Price Consolidates, Litecoin Looks Ripe for Massive Gains

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Bitcoin price (BTC) failed to ignite much interest as October closed.  There are approximately 194 days left until the next Bitcoin halving, which probably feels like an eternity away for those involved with the crypto space.  This week there was also a surplus of negative news events like the Bitmex email leak and the Coinbase flash crash that caused mass liquidations on Deribit. So can we really expect Bitcoin price to do anything spectacular in the short term?    Daily crypto market performance. Source: Coin360.com BTC USD daily chart. Source: TradingView…

Billion Dollar Bitcoin Lawsuit Continues as Craig Wright Breaks Settlement

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In early September, the high-profile court case Kleiman v. Wright looked as though it was coming to an end as the two parties reached a non-binding settlement. Then on October 30, without much notice, Wright explained that he couldn’t finance the settlement and the agreement was broken. Now the trial will start again and the Kleiman estate will depose Wright’s former chief financial officer, James Wilson on November 8. Also Read: Satoshi ‘Nakamolto’ Emerges With Great Hair and Questionable Claims Wright Breaks the Non-Binding Settlement as the Billion Dollar Bitcoin…

British Tax Authority Updates Cryptocurrency Guidelines, Says It Is Not Money

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The United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs (HMRC), has updated its cryptocurrency taxation guidelines for businesses and individuals. On Nov. 1, the U.K. government tax agency, which manages taxes alongside other financial policies, released tax guidance updates that further clarify its stance on how businesses and individuals involved with cryptocurrency will be taxed.   Crypto is not money or currency The guidelines set out HMRC’s view on cryptocurrency transactions, which taxes apply, how to file tax returns and accounting practices, among others. It also considers…

Oct. 28–Nov. 3 in Review

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The Spanish-speaking world has seen major cryptocurrency and blockchain developments with the Argentinian tax agency applying taxes to transactions with e-wallets, the central bank of Argentina tightening its restrictions on exchanges, and the Dash Latam community ceasing its operations. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. The Argentinian tax agency will apply taxes to operations with electronic wallets In Argentina, the Federal Public Revenue Administration (AFIP) will apply a value-added tax (VAT) and income tax withholding regime for…

Hodler’s Digest, Oct. 28–Nov. 3

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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week BitMEX investigating “extent of impact” after mass email leak Think you’ve had a challenging week? Spare a thought for BitMEX. First, the crypto derivatives exchange accidentally leaked its users’ email addresses by forgetting to BCC them on a mass message. Crypto lawyer Jake Chervinsky described…

Bitfinex Crypto Exchange Moves $1.5M of Stablecoin to Bitcoin Sidechain

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Cryptocurrency exchange Bitfinex moved 1 .561 million Tether (USDT) from the Omni Protocol to the Liquid Bitcoin (BTC) sidechain. Bitfinex CTO Paolo Ardoino announced the U.S. dollar-pegged stablecoin’s protocol swap on Twitter on Nov. 2. The conversion increases the quantity of USDT available on the network after the stablecoin was first launched on the Liquid sidechain at the end of July. Ardoino said that the development will have a beneficial effect on the protocol: “Liquid sidechain has now more liquidity for atomic swaps and cross-exchange arbitrage.” A sidechain in rapid development…

Top-5 Cryptos This Week: TRX, BCH, HT, XLM, XMR

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The crypto space is taking a breather after the recent sharp run. However, Binance CEO Changpeng Zhao (CZ) recently tweeted that he is positive that Bitcoin (BTC) will resume its rally to $16,000 “soon-ish.” This suggests that CZ believes the market has bottomed and is in the process of resuming the uptrend. Furthermore, the long-term price action of Bitcoin shows that it has outperformed the S&P 500 since 2003. In other crypto-related news, French high school students will now be taught the basics of Bitcoin and its effects on the…

Not a Fee, But ‘Long-Term Payment’ — How Crypto Exchanges List Tokens

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Visit the website of any stock exchange platform, like the Nasdaq or the New York Stock Exchange, and the listing fees for new companies are there to see. There is hardly any controversy when it is clearly stated like this, but the same cannot be said for the cryptocurrency space. Here, numerous reports show that crypto exchanges are being decidedly opaque about the structure of their listing fees. Take Blockstack, for example: A recent filing with the U.S. Securities and Exchange Commission revealed a $250,000 payment to Binance in its…

Not a Fee, But ‘Long-Term Payment’ — How Crypto Exchanges List Tokens

boss

Visit the website of any stock exchange platform, like the Nasdaq or the New York Stock Exchange, and the listing fees for new companies are there to see. There is hardly any controversy when it is clearly stated like this, but the same cannot be said for the cryptocurrency space. Here, numerous reports show that crypto exchanges are being decidedly opaque about the structure of their listing fees. Take Blockstack, for example: A recent filing with the U.S. Securities and Exchange Commission revealed a $250,000 payment to Binance in its…