Day: February 6, 2020

Ethereum Above $200 Indicates A Massive Rally To $240 And $250

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Ethereum price rallied recently and surpassed the $200 barrier against the US Dollar. ETH is now trading nicely above $200, with many signs of more upsides. Ethereum climbed higher and settled above the main $200 barrier against the US Dollar. The price traded as high as $208 and it is currently correcting lower. There is a major bullish trend line forming with support near $198 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price also jumped above $9,500 and traded to a new 2020 high close to…

Germany’s BaFin Clarifies Licensing Process for Foreign Crypto Custodians

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Germany’s Financial Supervisory Authority (BaFin) is clarifying how the country’s new cryptocurrency custody law will apply to firms that operate outside of Germany but still serve the German market. In its latest guidance released in January, the regulator said firms already custodying digital assets for Germans would not be penalized for not having a license. Instead, they’d be grandfathered into the same protection that crypto custody firms based in Germany already have under the new law, which went into effect on Jan. 1.  This means those firms must also announce…

Germany’s BaFin Clarifies Licensing Process for Foreign Crypto Custodians

boss

Germany’s Financial Supervisory Authority (BaFin) is clarifying how the country’s new cryptocurrency custody law will apply to firms that operate outside of Germany but still serve the German market. In its latest guidance released in January, the regulator said firms already custodying digital assets for Germans would not be penalized for not having a license. Instead, they’d be grandfathered into the same protection that crypto custody firms based in Germany already have under the new law, which went into effect on Jan. 1.  This means those firms must also announce…

Singapore AML Framework Can Attract Crypto Businesses, Not Chase It Away

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As crypto continues its foray into the mainstream financial world, more countries are recognizing digital assets legally. Singapore is the latest to join the party. On Jan. 28, the Monetary Authority of Singapore’s (MAS) Payment Services Act went into effect, setting up a framework for the regulation of payment-related activities in the country.  Given that the bill requires that all crypto businesses get registered and licensed (and partly resembles the nature of 5AMDL measures recently enacted in Europe), now seems like the time to have a closer look at Singapore’s…

Bitcoin Rises Above $9,700 to Reach Highest Point in 3 Months

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Bitcoin (BTC) has continued its journey north to reach its highest point in over 3 months after defying expectations of a temporary pullback in its price. Over the course of eight hours, starting at 10:00 UTC on Feb. 5, the price of BTC rose 5.9 percent from $9,250 to around $9,775 before a small sell-off ensued that brought prices back to current levels at around $9,559. Oliver von Landsberg-Sadie, CEO of U.K. crypto firm BCB Group said the recent moves in BTC were likely due to shallow market depth amplifying…

4 ‘Bitcoin Contenders’ With Zero Use Cases and Barely Any Infrastructure

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Cryptocurrency markets and the industry are extremely competitive and many users believe a single digital asset will reign someday, and that it may not be BTC. Over the last few years, many holders believe the assets they hold are bitcoin contenders with coins like IOTA, EOS, ADA, XRP, and XLM being popular choices. However many of these cryptocurrencies see very little use and have seen their price values slashed enough to make any holder cringe. Also Read: Market Update: Bitcoin Cash Shines as Crypto Markets Show Bullish Signals Four So-Called…

4 ‘Bitcoin Contenders’ With Zero Use Cases and Barely Any Infrastructure

boss

Cryptocurrency markets and the industry are extremely competitive and many users believe a single digital asset will reign someday, and that it may not be BTC. Over the last few years, many holders believe the assets they hold are bitcoin contenders with coins like IOTA, EOS, ADA, XRP, and XLM being popular choices. However many of these cryptocurrencies see very little use and have seen their price values slashed enough to make any holder cringe. Also Read: Market Update: Bitcoin Cash Shines as Crypto Markets Show Bullish Signals Four So-Called…

Ethereum Developers Reveal Holdup With Serenity in Reddit AMA

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The development team behind Ethereum 2.0 held an Ask Me Anything (AMA) session on Feb. 5. The team answered some of the most pressing questions on Serenity, in addition to general themes such as Proof of Stake (PoS). There have been two other such sessions, six months and one year ago, respectively. While no groundbreaking changes occurred since the last AMA, the team is making concrete steps toward Ethereum (ETH) scalability. Phase 0 to come in 2020 Answering questions on what has changed in Ethereum 2.0 since the last AMA…

Chiliz CEO Alex Dreyfus Explains the Relationship Between Sports and Crypto

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It seemed nobody cared about AR until Pokémon Go launched in 2016. All of the sudden, every headline was about how augmented reality could change the world. Sophisticated technologies like AR, virtual reality, and artificial intelligence need their own “Pokémon Go moment” to appeal to a mainstream audience. The tokenization of the assets is one such concept, and sports fans might be the first to get some hands-on experience with it. As Cointelegraph’s Gareth Jenkinson noted in his analysis, “sports fans are notoriously passionate about the teams they support, and there…

Craig Wright Accused of Abusing Attorney-Client Privilege in Trial

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Craig Wright, the self-professed creator of Bitcoin (BTC), has been accused of abusing attorney-client privilege in order to block documents from being used as evidence in the ongoing trial against him. Australian computer scientist and businessman Craig Wright is being sued by the family of his deceased business partner Dave Kleiman for US$10 billion in Bitcoin, said to be encrypted in a “Tulip Trust.” In a court document filed on Sunday in Southern District Court of Florida, the legal team representing Ira Kleiman, brother of the deceased, challenged Wright’s “illusory” assertion…