17 January 2020 A blog by Simon McDougall, ICO Executive Director of Technology and Innovation The adtech real time bidding (RTB) industry is complex, involving thousands of companies in the UK alone. Many different actors and service providers sit between the advertisers buying online advertising space, and the publishers selling it. There is a significant lack of transparency due to the nature of the supply chain and the role different actors play. Our June 2019 report identified a range of issues. We are confident that any organisation that has not…
Month: January 2020
After 65% Rally, ChainLink Just Surpassed a Major Level For First Time in 3 Months
ChainLink (LINK), the 17th most valuable cryptocurrency in the market, surpassed the $2.8 level for the first time since November 2019 after a 65 percent rally. With strong partnerships, ChainLink has maintained an active community of users, investors, and developers throughout the past year. It is one of the few cryptocurrencies to be down less than 40 percent from its record high. Major cryptocurrencies like Ethereum, XRP, and Bitcoin Cash are generally down by 85 to 95 percent from their all-time highs. Where is ChainLink headed next? In the short-term,…
Bitcoin Price Already Up 25% in 2020 After Hitting $9,000
Bitcoin (BTC) hit $9,000 on Jan. 17 as technical metrics continued to break both local and all-time records. Cryptocurrency market daily overview. Source: Coin360 BTC clips $9,000 as traders lie in wait Data from Coin360 and Cointelegraph Markets showed BTC/USD finally rising to the significant $9,000 boundary on Friday, following a bullish run-up overnight. At press time, a slight retracement had sent the pair slightly lower to $8,900, with 24-hour returns still at 3% and weekly performance stronger at almost 16%. Bitcoin holders are currently sitting on monthly gains totaling…
Bitcoin Price Already Up 25% in 2020 After Hitting $9,000
Bitcoin (BTC) hit $9,000 on Jan. 17 as technical metrics continued to break both local and all-time records. Cryptocurrency market daily overview. Source: Coin360 BTC clips $9,000 as traders lie in wait Data from Coin360 and Cointelegraph Markets showed BTC/USD finally rising to the significant $9,000 boundary on Friday, following a bullish run-up overnight. At press time, a slight retracement had sent the pair slightly lower to $8,900, with 24-hour returns still at 3% and weekly performance stronger at almost 16%. Bitcoin holders are currently sitting on monthly gains totaling…
2019’s DeFi Boom Creates New Questions for Tax Filing Season
The decentralized finance (DeFi) boom of 2019, leading to over $785 million in locked crypto assets, is already making accountants dizzy. If you lock up bitcoin or ether in exchange for a synthetic asset or a stablecoin, as nearly a dozen projects and platforms today allow, is that a trade or merely a temporary reorganizing of the original asset? Cryptio CEO Antoine Scalia, of the accounting startup that received a small investment from ethereum co-founder Joe Lubin’s ConsenSys, said there’s no clear answer yet. “The challenges will be how to…
Crypto dealer SFOX Adds New Service for Fund Managers to Invest in Digital Assets
San Francisco Open Exchange unveiled Thursday its new “Separately Managed Account Solution” to help investors create their own crypto trading strategies. The service enables fund managers to manage individual securities in a single account for their clients in the traditional financial services industry. However, the company claimed the new service has not been available to those who invest in digital assets. According to a blog post from SFOX, the new service will allow fund managers to design and administer personalized crypto trading strategies for their clients. The company said crypto…
Binance CEO Says Compliance Is Key for New Strategic Partnership in Japan
Binance, one of the top cryptocurrency exchanges globally, has started discussions regarding a strategic partnership with two Japanese firms. According to a press release on Jan. 17, Binance has begun negotiations with Z Corporation, a subsidiary of Z Holdings formerly known as Yahoo Japan and TaoTao, a Japanese licensed cryptocurrency exchange. The exact details of the partnership have not been revealed as of this moment, but Binance said Z Corporation and TaoTao would “continue discussions and deliberations with Binance and begin preparation to launch trading services for users in Japan”. …
Sorry Bears, Bitcoin Won’t Go Down Quietly And Here’s Why It Could Rally
Bitcoin corrected lower below $8,700, but it found a strong support above $8,500 against the US Dollar. BTC price is currently rising and it could rally if it clears the $8,840-$8,900 resistance area. Bitcoin price might not go down quietly and it could rally above $8,800 against the US Dollar. The double top pattern is still valid unless the bulls clear the $8,900 resistance. There is a new breakout pattern forming with resistance near $8,825 on the hourly chart of the BTC/USD pair (data feed from Kraken). The main supports…
This Scenario Will Trigger A New Ripple Rally: Key Levels To Watch
Ripple corrected lower sharply from $0.2450, but it found support near $0.2200 against the US Dollar, similar to bitcoin near $8,500. XRP price is recovering, but it must surpass $0.2360 for a fresh rally. Ripple price is showing positive signs above the $0.2250 and $0.2280 support levels against the US dollar. The price is facing hurdles near the $0.2350 and $0.2360 levels. There is a new contracting triangle forming with resistance near $0.2360 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must climb above…
Ethereum Set For Further Gains In Light of Fresh Technical Breakout
Ethereum found support near the $158 level and started a fresh increase, similar to bitcoin. ETH is gaining momentum and it could soon break the $170 resistance. Ether price started a fresh increase after it found support near $158 against the US Dollar. Bitcoin price is also rising and trading nicely above the $8,650 level. Yesterday’s highlighted key declining channel was breached with resistance near $165 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now showing a lot of positive signs and it could continue…