This year, Bitcoin (BTC) has done astonishingly well. Year to date, the cryptocurrency’s price has gained some 200%, surging off an influx of positive news and the start of a new hype cycle.Simultaneously, central banks have put their noses to the grindstone, activating dovish monetary policies across the board. There is now over $17 trillion...Read More
Two years ago, on September 4, 2017, the People’s Bank of China (PBOC) shut down local cryptocurrency exchanges over concerns that unregulated assets like bitcoin allow residents to bypass strict capital controls. Not-So-Happy Anniversary Despite the formal ban, Chinese traders have continued to explore methods to trade bitcoin and similar cryptocurrencies, often by using...Read More
Bitcoin.com has announced the launch of its long-rumoured cryptocurrency exchange today. To distinguish itself in an already crowded marketplace, it is offering promotional deals such as negative 0.3 percent trading fees. Bitcoin.com – A Trusted Brand? Bitcoin.com had been working on the cryptocurrency exchange project for the past year. Managing director of the exchange, Danish...Read More
MANILA, Philippines (September 2nd, 2019) — The Cagayan Economic Zone Authority (CEZA), Asia Blockchain and Crypto Association (ABACA) and First Bullion Holdings Inc. (First Bullion) has jointly announced the certification of the Flourish City Development Limited (FCD) Digital Asset Token Offering (DATO), the first asset-backed token offering approved by CEZA and ABACA. Envisioning CEZA as...Read More
This week, the “altcoin annihilation” really ramped up, despite already causing such devastation to crypto investors. The selling pressure and negative sentiment were enough to also drag Bitcoin price down as well.The post appeared first on NewsBTCRead More
For both those involved in Bitcoin and traditional markets, all eyes have been on the Federal Reserve over the past few months.Related Reading: Bakkt Physically Settled Bitcoin Futures Product to Launch in SeptemberMany analysts claim that whatever the American monetary authority decides to do with monetary policy will dictate the direction for global markets, and,...Read More
Bitcoin scaled a fresh session high on Monday as tit-for-tat trade tariffs by the United States and China bruised global stocks and boosted demand for perceived safe-haven assets.Global mkts slumping amid trade gloom. New tariffs were announced by both China & US. Trump cited his authority under IEEPA (trade war nuclear option) to order firms...Read More
Despite owning more Bitcoin that most of us could possible imagine, the story of how the joint owners of the Gemini cryptocurrency trading platform first got into the digital asset space is all too familiar. Cameron and Tyler Winklevoss have admitted to suffered from a case of FOMO back in 2013 when they first entered...Read More
Leading blockchain analysis firm Chainalysis has just revealed new tools to help cryptocurrency companies stay compliant with regulators. The firm’s existing “Know Your Transaction” (KYT) platform will now provide real-time alerts to companies using it.The alerts will give the company accepting payment with a reading of how likely Chainalysis deems to the funds to have...Read More
Throughout much of 2018, support at $6,000 acted as the absolute Bitcoin price floor, with each time bears pushed the price of the first-ever crypto-asset down to the range, it would reverse and rally – only to stop short of ever setting a new higher high.The post appeared first on NewsBTCRead More
Silk Road founder Ross Ulbricht has spent six years in prison and has 34 years and two life sentences to go unless a petition spearheaded by his mother and sister lead to a grant of clemency. 195K Signatures and Counting For Ulbricht A petition seeking clemency for Silk Road founder Ross Ulbricht is quickly approaching...Read More
The Reserve Bank of India (RBI) did not correctly respond to the presentation that could have removed the necessity of banning bitcoin trading in the country, found the apex court.The Supreme Court of India noted in a hearing today that the central bank forwarded the presentation to the government. But what it should have done...Read More
Facebook’s Libra project has been questioned by European Union anti-trust regulators. They are concerned about the project, popularly referred to as a cryptocurrency, restricting competition.Libra has been subject to immense scrutiny already from global policy and law makers. In fact, the company recently admitted that the regulatory pressure might force it to postpone or even...Read More
According to Jeremy Allaire, the price increases in Bitcoin since the beginning of the year were driven by more than just Chinese investors seeking to avoid capital controls. The Circle CEO claims that a belief in this narrative from investors outside of China is likely to behind the rise too.Allaire also believes that although cryptocurrency...Read More
Long-time Bitcoin proponent and CEO at BullBitcoin.com Francis Pouliot is concerned about the lack of progress made by the company behind the instant messaging application Telegram towards its crypto ambitions. The company sold tokens to investors last year, raising $1.7 billion in the process.Telegram had promoted the project, called the Telegram Open Network (TON) as...Read More
