• Iranian Crypto-Rial Imminent Says Government Official
    The Central Bank of Iran (CBI) is on the verge of confirming that the country is to launch a national cryptocurrency backed by the country’s gold reserves, according to the Iranian-based MEHR News Agency. MEHR cited Shahab Javanmardi, an official from the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), as saying that a national cryptocurrency is on the verge of being unveiled and that it will be mined in accordance with an agreement between the CBI and a consortium of Iranian private IT firms. Iran’s Strained Relationship with Cryptocurrency Iran’s relationship with cryptocurrency is a strange one, with the seemingly inevitable launch of a national cryptocurrency going hand in hand with a ban on crypto use that dates back to 2018. Indeed, a government-backed token was mooted as far back as last summer when U.S. sanctions began to hit, but not much progress was made until earlier this year with the announcement of PayMon – a bank-backed cryptocurrency that some mistook for the official crypto-Rial. However, it was soon made clear by the government that this was not an officially sanctioned coin, with a resultant ban announced on the use of all unapproved cryptocurrencies. America Powerless to Stop ... read more
    Source: BitStarz NewsPublished on 2019-07-22By Mark Hunter
    10 hours ago
  • India: Gov’t Committee Recommends Blanket Cryptocurrency Ban
    The Inter-Ministerial Committee (IMC) set up to look into bitcoin and cryptocurrency regulations in India says the government should ban virtual currencies. India May Soon Finalize Total Bitcoin Ban In a report submitted on Monday (July 22, 2019) the IMC recommended that the government institutes a total bitcoin ban. An excerpt from the report reads: As for private cryptocurrencies, given the risks associated with them and volatility in their prices, the Group has recommended banning of the cryptocurrencies in India and imposing fines and penalties for carrying on of any activities connected with cryptocurrencies in India. Even though the committee called for a bitcoin ban, it also advised the government to not jettison the idea of creating a national cryptocurrency. The government-instituted panel also called for a standing committee on cryptocurrencies to monitor the emerging trends in the industry. Apart from the report, the committee also submitted a draft bill. Government officials and financial regulators will probably use the bill as the basis for drafting crypto regulations which could include a blanket bitcoin ban. The details of the report put a dampener of any positive sentiments surrounding bitcoin and cryptos that may have emerged after comments recently released by ... read more
    Source: BitcoinistPublished on 2019-07-22By Osato Avan-Nomayo
    10 hours ago
  • Binance Coin Rollercoaster Continues: BNB Records Moderate Gains As BTC And Other Altcoins Continue Consolidating
    The weekend was characterized by little volatility. Bitcoin and altcoins recorded some gains but corrected downwards in no time. On Monday, cryptocurrencies started the week with modest losses. Bitcoin and other coins are consolidating at press time, but for Binance token (BNB) which is recording slight gains among the top 10 cryptocurrencies. Analysts Expect BTC to Continue Correcting Downwards Popular analysts believe that bitcoin is set to continue shedding value due to the fact that it failed to hold the $11,000 position long enough.  Josh Rager, popular trader, and crypto-analyst noted that bitcoin’s weekly close was neutral but warned that volatility should be expected in full swing. He noted, “Weekly/daily close was neutral. Closed in the range between primary support/resistance levels. But volatility expected to happen this week, BBands starting to pinch on 4 hours. Hopefully, we get some live action on the charts to start the week” Another worthy mention is a price analysis by Boomerang Capital Inc., a cryptocurrency investment advisor. Via a tweet, Boomerang opined, “#BTC bulls attempted to push back this week. As of now have yet to produce anything serious. We expect price could drop lower after being rejected at the critical junction at $11k. ... read more
    Source: ZyCryptoPublished on 2019-07-22By Brenda Ngari
    10 hours ago
  • Could Bitcoin’s Dominance Help BTC Based Projects Pull Ahead of the Competition?
    If the 2017/2018 cryptocurrency boom was altcoin season, then 2019 undoubtedly belongs to Bitcoin (BTC). The world’s biggest crypto is currently enjoying its highest level of market dominance in over two years. On the other hand, Ethereum has been progressively losing market share over 2019. The numbers demonstrate that BTC is still the most trusted of cryptocurrencies, which is underscored by the record levels of institutional investment currently flowing in. While this may not be great news for Ethereum and other alts, it’s excellent news for the projects involved in the Bitcoin ecosystem. RSK is one example. At the end of this month, the Bitcoin-based smart contract platform is due to issue a new release, dubbed Wasabi. This upcoming release is the culmination of several critical developments for the project since its launch in January 2018. With BTC grabbing an even bigger slice of market share, and the crypto community increasingly focused on decentralized finance (DeFi,) the timing couldn’t be better. Recent and Upcoming Developments Ethereum and EOS tend to be the smart contract platforms that grab the headlines. However, the team at RSK has been making substantial headway in its platform development over recent months, with plenty more ... read more
    Source: News BTCPublished on 2019-07-22By Guest Author
    10 hours ago
  • Former Disney Executive Is Working on New Type of Ethereum-Compatible DLT
    Former founder of Dysney’s Playdom is currently working on one more ‘next-gen’ DLT platform as a CEO ... read more
    Source: U.TodayPublished on 2019-07-22By Yuri Molchan
    10 hours ago
  • Bitcoin’s fast approaching halving leads to an aggressive surge in prices; What will follow the surge?
    Bitcoin, an asset like no other, has created a subset of cryptos which try to emulate it and be better than it in every way. Some have come close, while the rest barely scratch the surface. Bitcoin is regarded as both the most volatile asset yet one with the most positive RoI yield. Although Bitcoin […] The post Bitcoin’s fast approaching halving leads to an aggressive surge in prices; What will follow the surge? appeared first on AMBCrypto. ... read more
    Source: AMB CryptoPublished on 2019-07-22By Akash Girimath
    10 hours ago
  • Gold vs Bitcoin YTD Returns on $1,000 Investment, How Do They Compare?
    Bitcoin is often nicknamed digital gold, but how does it stack up against physical gold in terms of returns and scarcity? YTD Returns: Bitcoin Exceeds Gold by a Mile If you had invested $1,000 in gold at the start of the year, you would have had about $110 in profits, which is not that bad. The same amount invested in Bitcoin would have brought you over $1,640 in profits. Gold is well-known for its capabilities to preserve value and hedge against inflation. However, top cryptocurrencies like Bitcoin, Ethereum, and Ripple have proven to be smarter investment options, at least in the last five years. According to Twitter user @CryptoHandelaar, $1,000 invested in Bitcoin in July 2014 would have generated a return of $14,463 as of early July 2019. On the other end, $1,000 invested in gold under the same conditions would have generated a profit of $41.
    Gold vs. Crypto: Returns on a $1000$BTC $XRP $LTC pic.twitter.com/rPBjEQOAV5 — CryptoHandelaar (@CryptoHandelaar) July 19, 2019 The worst entry point for Bitcoin holders was in the two months through January 2018. Thus, $1,000 invested at that time would have left you with a negative return. The great ... read more
    Source: BitcoinistPublished on 2019-07-22By Anatol Antonovici
    10 hours ago
  • Malta Financial Services Authority Issues Consultation Paper on Security Tokens
    The Malta Financial Services Authority (MFSA) has just issued a report on security token offerings. The consultation paper is meant to be a recommendatory outline to better the regulatory framework in the small nation. The MSFA has put out a report which is in line with its Vision 2021. The paper details the security token industry and how to best approach the STO question. Malta is a highly-developed nation and relies on capital markets and investment to sustain its economy. This is why the MSFA has taken a strong interest in security tokens because it believes they will lead to greater private sector innovation, investment, and growth. In 2018, the MSFA released its Fintech Strategy and Virtual Financial Assets Framework. This consultation paper expands on these ideas and seeks to bridge the gap between traditional securities and tokenized securities. Of course, the paper is meant to be a consultation; this means it is open to the public with the goal of obtaining stakeholders’ views to better create policy initiatives. The topics covered include investor protections, integrity, stability, and lessening risk. Overall, Malta is seeking to build a friendly atmosphere for the cryptocurrency space and only seeks to ... read more
    Source: The TokenistPublished on 2019-07-22By Tim Fries
    10 hours ago
  • Binance Market Report Suggests Wall Street is in Cryptocurrency for the long Run
    On June 21st, Binance published the results of its first-ever survey conducted by R&D arm Binance Research. Over a hundred institutional and VIP clients were sent the study, but the data displayed on the official report only has a sample size of 41 as those that didn’t answer more than 30% were excluded.   Long TermRead MoreRead More. The post by Nigel Dollentas appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News ... read more
    Source: BTC ManagerPublished on 2019-07-22By Nigel Dollentas
    10 hours ago
  • Bitcoin (BTC) Runs Into Strong Resistance, Further Downside Expected
    Bitcoin (BTC) is expected to decline further as the price has run into the strong 38.2% fib retracement level from the local top and already retraced from there. The price is now below the 21 day EMA and will not need much to happen in order for it to decline below the 50 day EMA. We could see sideways movement for a while but ultimately that decline is very likely to happen. The bears are eyeing this level eagerly because if the price closes below the 50 Day EMA, the bulls will lose control of the price. The thing is, those that are looking to profit off this move many not be able to do so very efficiently if the price slides below the 50 Day EMA because this move is likely to be a very sharp one that might see the price decline to $7,200 very quickly. At this point, a lot of retail traders are waiting for BTC/USD to fall and if it were to decline below the 50 Day EMA, close there, and then begin a gradual downtrend, it would be allowing a lot of retail traders to profit off the move. History tells us that ... read more
    Source: CryptodailyPublished on 2019-07-22By Jefe Caan
    10 hours ago
  • Close your next big deal at ChainPoint!
    The next remarkable blockchain conference - ChainPoint 19, will take place on October 14-15 in Yerevan, Armenia - the innovation powerhouse of the region. Let’s take a glance at the origin of ChainPoint and uncover the hidden opportunities that Nooor is bringing to the stage this year.  ChainPoint was designed as a platform that serves the interests of the people who are building up this new industry we all are in, and the event last year proved to be a success. Today ChainPoint is one of the most influential conferences in the region which is set to showcase business opportunities within the regional tech ecosystem by bringing together global blockchain professionals and creating a platform for productive dialogue, sharing best practices and closing great deals. Prove the value of decentralization ChainPoint will host over 500 selected participants and more than 50 speakers this year. So we can assure you that this is a great chance to meet outstanding professionals, make large scale connections, discover new markets and partners, get valuable insights on the latest trends. Use the platform to negotiate, make your business work and confirm that blockchain recognizes no borders. The leaders of our partner organizations, spanning from the ... read more
    Source: CoinCodexPublished on 2019-07-22By ChainPoint
    10 hours ago
  • Indian on Bitcoin: Gov. Releases Report on Crypto Ban – Here are the Details
    The Department of Economic Affairs in India has published a detailed report along with the draft bill on their website. The IMC or Inter-Ministerial Committee formed on November 2nd, 2017 after deliberation over a year submitted that report before the Government on February 28, 2019. Recently, the Finance Minister of State and Minister of Corporate Affairs, Anurag Singh Thakur, confirmed that while cryptocurrency is not banned yet, the report is still pending with the Government. The IMC members included Chairmanship of Secy (EA), with Secy (MeiTY), Chairman (SEBI), and Dy. Governor, RBI as Members, to study the issues related to virtual currencies and propose specific action to be taken in this matter. The reports suggest that cryptocurrencies are a tremendous financial and security threat to the country; hence, they must be banned. Nevertheless, to include the DLT or blockchain technology, the report has also proposed an ‘Official Digital Currency’ in place for all cryptocurrencies. They also emphasized the importance and prevalence of Central bank digital currency (CBDC), the digital form of fiat money. The reports suggested that the crypto-fever has caught on pretty fast in India. According to the report, In February 2018, there were around 50 lakh traders in India in 24 ... read more
    Source: CoinGapePublished on 2019-07-22By Nivesh Rustgi
    10 hours ago
  • Lamassu Bitcoin ATM software gets major update, includes SegWit support
    CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceLamassu, the creator of bitcoin and cryptocurrency automated teller machines (ATMs) has announced the release of Crafty Chnemu v7.3, the latest software version available now for all of their machines. Crafty Chnemu v7.3 debuts a fresh new look to the classic BTM interface, while adding highly requested features and numerous stability improvements. This release represents approximately […]https://www.cryptoninjas.net/2019/07/22/lamassu-bitcoin-atm-software-gets-major-update/ ... read more
    Source: CryptoNinjasPublished on 2019-07-22By CryptoNinjas
    10 hours ago
  • CEO of Dash Forms Five Strategies for Driving Mass Crypto Adoption
    There have been unending discussions on the adoption of digital currencies and how they can bring about changes and benefits to the larger global community. Despite their probable negative effects, cryptos can open up a host of new opportunities for businesses that want to improve and grow their returns. However, these virtual assets have not … The post CEO of Dash Forms Five Strategies for Driving Mass Crypto Adoption appeared first on CryptoNewsZ. ... read more
    Source: CryptoNewsZPublished on 2019-07-22By Scott Cook
    10 hours ago
  • Ripple-Promoted Token Price Analysis XRP / USD: Weakening Positions
    Ripple has a bearish short-term trading bias, with the XRP / USD pair remaining under technical selling pressure The head and shoulders pattern on the four-hour time frame has yet to reach its overall downside objective The daily time frame shows that the XRP / USD remains trapped inside a narrowing wedge pattern Ripple / USD Short-term price analysis Ripple has a bearish short-term trading outlook, with the XRP / USD pair still in downside breakout mode below key technical support. The four-hour time frame is showing that the bearish head and shoulders pattern breakout has yet to reach its full downside target. Sellers may start to test back towards the current monthly trading low if the XRP / USD pair starts to falter from current levels. Major short-term resistance is located at the $0.3500 and $0.3850 levels. Technical indicators across the four-hour time frame are starting to turn lower, although they remain technically bullish.  
    XRP / USD H4 Chart by TradingView   Pattern Watch Traders should note that a rising wedge pattern is also seen on the four-hour time frame, with the XRP / USD pair now trading underneath the reversal pattern. Relative Strength ... read more
    Source: Crypto BriefingPublished on 2019-07-22By The Analyst Team
    10 hours ago
  • Higher Chance, Less Reward: Binance Change The Launchpad Lottery Rules (One More Time)
    The new Binance Launchpad initial exchange offering was announced hours ago and the overall requirements and allocations have been changed drastically. It’s evident that Binance wants to make sure that more people get their slice of the pie while simultaneously reducing the USD allocations of each winning ticket.  The New Binance Launchpad IEO Is Here: Project WINk Binance has just announced its latest Initial Exchange Offering to be completed on their Launchpad platform. The project is called WINk.  WINk introduces a gaming platform which is intended to allow users to play, socialize, and to stake across multiple blockchain ecosystems. It uses the WIN token as its native cryptocurrency.  Among the highlights of the project are a robust set of developers tools and APIs which enable teams to integrate their project on the platform easily and to create unique gaming dApps. Moreover, there’s an investment and strategic partnership with TRON, as well as a development team which is consisted of renowned industry specialists.  The launchpad hard cap of the IEO is set to $6 million and it will allocate 5% of all the token supply. This amounts to 49,950,000,000 WIN tokens. Each one will cost $0.0001201 at the time of the ... read more
    Source: CryptoPotatoPublished on 2019-07-22By Felix Mollen
    10 hours ago
  • Bitcoin Price Rebounds, but Bulls Are Not Out of the Woods Yet
    Technical analysis shows that Bitcoin could experience more pain with a possible drop below the $10,000 level ... read more
    Source: CryptocomesPublished on 2019-07-22By cryptocomes.com
    10 hours ago
  • India’s Inter-Ministerial Committee recommends ban on private cryptocurrencies
    While most countries have remained uncertain about cryptocurrencies and crypto-adoption, India perhaps leads the race in terms of keeping its citizens in the gray. With Right to Information (RTI) requests going vaguely answered and strange rumours about a ban floating around, India’s Ministry of Finance has now openly addressed the ongoing crypto-confusion. Through a recent […] The post India’s Inter-Ministerial Committee recommends ban on private cryptocurrencies appeared first on AMBCrypto. ... read more
    Source: AMB CryptoPublished on 2019-07-22By Arijit Sarkar
    10 hours ago
  • Blockchain Technology Has Become a Critical Priority for Organizations, Says Deloitte Report
    A report published by Deloitte has revealed that at least 40 percent of surveyed companies are interested in investing upwards of $5 million in blockchain technology sometime within the next 12 months. The survey conducted by the multinational professional services network also found that 53 percent of respondents agree that blockchain has become a critical priority for their organization in 2019. Companies Investing in Blockchain to Make Business Easier The report, titled “Deloitte’s 2019 Global Blockchain Survey,” stated that blockchain investments are looking strong, even as the cryptocurrency market has failed to scale new all-time highs. While 27 percent of respondents said that potential blockchain investments for their firm would be in the $1-5 million range, another 23 percent committed to a range between $5-10 million. Finally, 18 percent said that their firm would invest $10 million in various blockchain-related efforts. The survey also found that data validation, data access/sharing, identity protection, payments, and digital currency were the top five use cases for the technology that companies are interested in. Firms are considering process efficiency and cost-saving to be the two big results of increased blockchain adoption. The report also saw 23 percent of respondents ... read more
    Source: BeincryptoPublished on 2019-07-22By Rahul N.
    10 hours ago
  • Don’t Miss the HUSD Trading, Deposits oN Huobi Global that Start From Today
    Are you ready for the ever first regulated Tether alternative regulated stablecoin? Well, Huobi Global (HBG) surely is. The digital asset trading platform announced the exciting launch on Twitter a few hours ago. On this subject, the CEO of Huobi Global- Livio Weng has the following to say- Providing better options to the cryptocurrency community … The post Don’t Miss the HUSD Trading, Deposits oN Huobi Global that Start From Today appeared first on CryptoNewsZ. ... read more
    Source: CryptoNewsZPublished on 2019-07-22By Roxanne Williams
    10 hours ago
  • Bitcoin Cash (BCH) Remains At Risk Of Downside Break Below $300
    Bitcoin cash price recovered recently above $320.00 and $330.00. However, BCH is facing an uphill task and it could start a fresh decrease if it continues to struggle bear $335.00-340.00. Bitcoin cash is facing a strong resistance near the $333.00, $335.00 and $340.00 levels. A major bullish trend line is forming with support near $315.00 on the 2-hours chart. A downside break below the trend line might start a fresh drop below $300.00. Bitcoin Cash Price Analysis (BCH to USD) After a strong drop, bitcoin price found support near the $255.00 level and recently started an upside correction along with BTC, Ethereum and ripple. BCH price broke the key $300.00 resistance to start a short term upside correction. Click to Enlarge Chart Looking at the 2-hour chart of BCH/USD, the pair recovered slowly and steady above $280.00 and $300.00. It even broke the $320.00 resistance level and the 25 simple moving average (2-hours). Finally, there was a break above $330.00, but the price struggled to gain momentum above $335.00. A swing high was formed near $344.32 and the price corrected lower. It broke the $325.00 support plus the 50% Fib retracement level of the recent wave ... read more
    Source: BlockonomiPublished on 2019-07-22By Dr. Latika Mehrotra
    10 hours ago
  • Bitcoin Price Analysis: BTC Faces Price Drop Within 4-Hours, Bull Run Seems to be at Stake
    Bitcoin trades downwards over the last 4 hours, fails to stay above $10,500 Currently, Bitcoin is correcting up from $10,418 BTC has decreased by 1.53% in the last 4 hours, facing selling pressure at present Bitcoin has been on a bullish spree except for yesterday’s price pullback from BTC’s price above $10,900. However, over the … The post Bitcoin Price Analysis: BTC Faces Price Drop Within 4-Hours, Bull Run Seems to be at Stake appeared first on CryptoNewsZ. ... read more
    Source: CryptoNewsZPublished on 2019-07-22By Ruti Vora
    10 hours ago
  • Bakkt’s Start User Acceptance For Bitcoin Futures Testing Today
    Despite being heavily delayed, Bakkt’s long-delayed bitcoin futures have just started testing today. The trading platform has been aimed directly to institutions which widely expected to be a game-changer and to be a big trigger for the price of Bitcoin. With Fundstrat concluding at the end of last week, investors have got their expectation high for the future. “There appears to be a critical mass of adopters ready to come on board on Day 1 of the Bakkt launch… The launch could be a huge accelerator for market growth.” MOONSHOT According to a post published on Medium, the COO of Bakkt, Adam White said that the platform would start accepting testing today, July 22nd. “On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US.” So yes, bitcoin futures trading isn’t all that new but Bakkt is a whole new kettle of fish. The futures contracts are physically settled in Bitcoin. Investors receive a real allocation of BTC at the end of the contract period. On the flip side though, CME bitcoin futures ... read more
    Source: CryptodailyPublished on 2019-07-22By Adrian Barkley
    10 hours ago
  • Binance Coin (BNB) Price Analysis: Rally Facing Resistance, Dips Remain Supported
    Binance coin price started a strong rally after testing the $25.00 support area. BNB price is currently facing a solid resistance near $32.50 and it might correct lower in the near term. Binance coin price climbed higher steadily above the $28.00 and $30.00 resistances. There is a major rising channel forming with support near $30.10 on the 2-hours chart. BNB price remains well supported near the $30.00 and $29.50 levels. Binance Coin Price Analysis (BNB to USDT) After a strong decline, binance coin price found support near the $24.50 level. BNB price started a fresh increase and broke many resistances near the $26.50, $28.00 and $30.00 levels. The recovery gained traction once bitcoin, Ethereum and ripple also recovered nicely in the past few days. Click to Enlarge Chart Looking at the 2-hours chart of BNB/USDT, the pair climbed higher steadily and even broke the $30.50 resistance. Moreover, there was a close above the $30.00 level plus the 25 simple moving average (2-hours). Finally, the price broke the $32.00 resistance and tested a crucial hurdle near the $32.50 level. The bulls failed to push the price further higher and a rejection was noted near the $32.50-$32.60 resistance ... read more
    Source: BlockonomiPublished on 2019-07-22By Dr. Latika Mehrotra
    10 hours ago
  • FINRA Talks Tough: Wants Brokers to Disclose All Crypto Dealings
    The American government is stepping up in its objective to monitor cryptocurrency activities, and it wants everyone to cooperate with it as well. The Financial Industry Regulatory Authority (FINRA), America’s broker-dealer watchdog, published a Notice instructing member firms to disclose current or prospective cryptocurrency-related activities. Nothing New Here According to FINRA, the new measures are nothing new. The watchdog alluded to its past dealings with members, querying them and their affiliates on existing or expected relationships with digital assets. The authority reminded such companies that a July 31 deadline had been set for communications while imploring companies that are yet to do so to make their intentions known. The full outline of the notice solicited that all FINRA-registered firms & brokers should communicate with the authority concerning all crypto-related activities, including the “purchase, sales, or executions transactions” done in crypto assets, investment in crypto-focused pooled funds, as well as investments in derivatives tied to crypto. More Regulations on Crypto? The FINRA’s request is coming at a time when the regulation of crypto assets is a hot button issue in Washington. All eyes have been on the crypto industry since Facebook announced Libra. Following the litany of criticisms that the social ... read more
    Source: BlockonomiPublished on 2019-07-22By Jimmy Aki
    10 hours ago
  • Tron (TRX), and Stellar (XLM) Price Analysis – Recovery Expected Above Major Support Levels
    Tron (TRX/USD)
    TRXUSD Chart By TradingView In the past 24hrs, TRX/USD pair has been trading in a sideways trend with intertwined moving averages the indicated lack of momentum in the market. TRX has dwindled by 1.7%, having moved from $0.02902 to the current price rate of $0.02761 over the last 24hrs. The horizontal channels confirmed the sideways trend.  In addition, the horizontal channels acted as the price of temporary resistance and support level. In which, they were defined at $0.02999 and $0.02746 respectively. TRX experienced a short-term dip to a low of $0.02761, followed by a short period of consolidation below the support level $0.02746. Presence of a bullish accumulating pattern was later seen repeatedly that fluctuated the price momentum up to a high of $0.03013. This was followed by a slight dip that placed TRX to the current price of $0.02895. The RSI indicator X was also seen heading south that showed reduced reliance in the coin, thus increase sellouts.  Forecast At the moment, the 7-day MA is gravitating above the 21 day MA which signals incoming bullish momentum. New targets should be set at $0.030. Stellar (XLM/USD)
    XLMUSD Chart By TradingView XLM/USD, on the other hand, ... read more
    Source: ZyCryptoPublished on 2019-07-22By Dennis Wafula
    10 hours ago
  • Financial Watchdog FINRA Extends Deadline for Report on Crypto Activities
    The United States Financial Industry Regulatory Authority (FINRA) is extending its scheduled deadline for firms to disclose Crypto-related activities. The new notice was issued amid the on-going regulatory tensions last week, as regarding Facebook plans to release a digital currency, Libra and possible outcomes posed by the cryptocurrency.  FINRA had last year, urged the member companies to disclose activities related to digital assets to their regulatory coordinator – whether the firm or associated individual or affiliates is engaged or plans to engage in activities related to digital assets. The request also included the category of digital assets which are non-securities, such as cryptocurrencies like bitcoin. While the deadline for the notice ought to be July 31 2019, the recent update from the regulator late last week, however, announces an extension until the same date in 2020. FINRA said the new notice is to encourage each firm to continue to keep FINRA up to date if at all the firm’s should come up with new plans or activities relating to digital assets not previously disclosed. “As securities regulators continue to provide guidance to members regarding the unique regulatory challenges presented by digital assets — e.g., Joint Statement on Broker-Dealer Custody of ... read more
    Source: CoinfomaniaPublished on 2019-07-22By Ibiam Wayas
    10 hours ago
  • Syndicate Casino: Best Crypto Online Casino
    Introduction Syndicate Casino is a fast-growing Crypto Online Casino that was launched in 2018. It is owned and run by Direx N.V and, it is registered and licensed under Curacao laws. You can play a variety of your favorite bitcoin games, and enjoy yourself while winning a lot of money. Online casinos save you the trouble of making a trip to the casino, and with Syndicate, the process is even more convenient. Registered users can play games on their mobile devices. It is compatible with iOS, Android, and Windows platforms. The process of signing up to Syndicate Casino is quite easy; all you need to do is submit your username, email, password, captcha and you are good to go. Syndicate Casino supports six languages but is currently unavailable in certain countries like Canada, Italy, Spain, United States, and more. Listed below are more features and perks exclusive to registered and regular users of Syndicate. Deposits and Withdrawals Making deposits into your Syndicate Casino account is a hassle-free process. These deposits can be made using the following: MasterCard VISA Skrill Neteller Paysafecard Ecopayz Bank transfers Cryptocurrencies like Bitcoin, BitcoinCash, Litecoin, Dogecoin, Ethereum The minimum amount that you can put ... read more
    Source: Global Coin ReportPublished on 2019-07-22By Globalcoin
    10 hours ago
  • Uganda to explore use of MediConnect’s blockchain solution to tackle counterfeit drugs
    CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceMediConnect, the developer of a framework blockchain solution to trace and manage prescription medication, announced that it has received indicative support from the Ugandan government to explore the use of its solution to tackle the spread of counterfeit drugs in the country. It follows a meeting in Kampala when a delegation led by Uebert Angel, […]https://www.cryptoninjas.net/2019/07/22/uganda-to-explore-use-of-mediconnects-blockchain-solution-to-tackle-counterfeit-drugs/ ... read more
    Source: CryptoNinjasPublished on 2019-07-22By CryptoNinjas
    10 hours ago
  • ECB Exec Asserts: Libra Can’t Launch Until Regulators are Happy
    The experiment that is Libra has just stumbled across yet another roadblock. A board member of one of the most powerful fiscal authorities on Earth, the European Central Bank (ECB), tells reporters of Reuters that the Facebook-backed cryptocurrency will not — can not, rather — come to market until regulators are satisfied with what they are seeing. “Either it Works or it Doesn’t” At the recent G7 Summit in France, the board member, economist Benoit Coeure, remarked that until all of the countries there were satisfied with how Libra involves or doesn’t involve everything from money laundering to economic stability, it will be prevented from launching. He used the words “prolonged discussion” to describe this regulatory threat. Expounding on why exactly regulators are taking such an approach, Coeure notes that for something as important as a new payment system that will be accessible by over two billion individuals in most of the world’s countries, everything needs to be “safe, robust, and resilient from day one”. Indeed, U.S. Treasury Secretary Steven Mnuchin has warned that Libra — and cryptocurrencies in general — can be used in illicit activities, like the financing of terrorism, the sale of drugs and other contraband, ... read more
    Source: BlockonomiPublished on 2019-07-22By Nick Chong
    10 hours ago
  • Trillions of Dollars Could Flow into Bitcoin Over Next 25 Years, Grayscale
    With the ‘gold-loving’ baby boomer generation set to retire; trillions of dollars could potentially flow into bitcoin — the emerging favorite among millennial investors. Twilight Dawns for Baby Boomer Generation Speaking during the 2019 Mid-Year Review Webinar, Barry Silbert, CEO of Grayscale highlighted that there is an imminent generational wealth transfer that could change the dynamics of store of value (SoV) investing in the United States. According to Silbert, the baby boomer generation (between 1951 and 1969) are already beginning to retire. Thus, over the next couple of decades, it’s anticipated that there will be a massive generational wealth transfer. Commenting on the matter, Silbert opined: “Over next couple of decades, there is $68 trillion of wealth that’s held by baby boomers and the older generation, in the US alone, that’s going to be handed down to Generation X and millenials… My theory is that whatever of that 68 trillion that is currently in gold, I don’t think it’s going to stay all in gold.” For Silbert, millennials and ‘Gen-Z’ are at a pivotal moment where the demographics of generational wealth is about to undergo a significant shift. Bitcoin currently occupies a strong position within this emerging trend ... read more
    Source: BitcoinistPublished on 2019-07-22By Osato Avan-Nomayo
    10 hours ago
  • Chinese Court Declares Bitcoin As Legal Property
    The Hangzhou Internet Court ruled that Bitcoin should be classified as virtual property, which simply legalizes the ownership of Bitcoin in China. The development was first reported by Beijing-based magazine Caijing. The ruling came as a resolution to a dispute between a cryptocurrency exchange and one of its users who sued for lost funds in 2013. The Court’s ruling means transferring bitcoin is legal in China but trading is still banned. While it doesn’t necessarily mean that China is now classifying Bitcoin as legal money (a la the Renminbi or the Yuan), it still means that its ownership is now no longer seen as illegal in the eyes of the law.
    WOW BITCOIN IS LEGALLY PROTECTED IN CHINA Today the first property dispute case on Bitcoin finalized trial in a local Chinese court. The court confirmed the "virtual property" attribute of Bitcoin, recognized it as a virtual property with valuehttps://t.co/W8ZeqLCYge — Dovey Wan (@DoveyWan) July 18, 2019 Are there still obstacles to Bitcoin’s legality? The Hangzhou Internet Court is only the second legal authority in China to make such a ruling. In October 2018, the Court of International Arbitration in Shenzhen ... read more
    Source: BlockonomiPublished on 2019-07-22By Jimmy Aki
    10 hours ago
  • Tron’s Sun Calls on Binance & Circle Execs as Buffett Rendezvous Nears
    For a while now, Warren Buffett has been a staunch critic of the cryptocurrency movement. Throughout the past few years, the so-called “Oracle of Omaha” has been quoted as saying that Bitcoin is “rat poison squared” and not much more valuable than a suit button. So, it came as a huge surprise to everyone when it was revealed that Justin Sun, the chief executive of both Tron and BitTorrent, had managed to secure a lunch date with the billionaire investor, donating over $4.5 million to the Glide Foundation make it happen. To back him up, Sun is bringing along a number of executives in his circles, those that may be able to persuade the Oracle into thinking that digital assets, or even blockchain, have some value in today’s economy. A Dream Team Ever since this lunch was announced, the cryptocurrency space has been struggling with one question: Which seven individual should Sun bring to convince Buffett of the viability of this asset class? While some have made interesting proposals, such as calling on legendary Bitcoin educator Andreas Antonopoulos, the SEC’s Hester Pierce, pro-crypto Congressmen/women, the Tron founder has stuck with his own plan. After getting denied by Changpeng “CZ” ... read more
    Source: BlockonomiPublished on 2019-07-22By Nick Chong
    11 hours ago
  • Today’s Long-Awaited Bakkt Launch is Only a User Testing. Official Trading Launch Still Unclear
    Throughout 2018, the crypto bear market had been waiting for some good news like Bakkt futures to revive the industry.  First due to launch in December 2018, then on 24th January 2019, Bakkt has since been waiting for the U.S Commodity and Futures Trading Commission (CFTC) to give the go-ahead to the operations and so far it’s still unclear when the official launch will be.  Until the mandatory 30-day public review period has ended and CFTC Commissioners have voted to approve Bakkt’s exemption, the exchange cannot launch its one-day physically-settled futures contract. The Intercontinental Exchange (ICE) backed platform differs with other futures contracts in that they are physically and not settled with cash. A cash delivery means that at the end of the contract, the holder of the position is simply debited or credited the difference between their entry price and the final settlement. For a physical delivery at the end of the contract, the holder of the position will either have to deliver the physical commodity if short or take delivery if long. The physical delivery of Bitcoin means that the company will have to hold the asset in the warehouse with many consequent regulatory compliances to adhere to ... read more
    Source: CoinfomaniaPublished on 2019-07-22By Emi Lacapra
    11 hours ago
  • BitMEX Sees Huge BTC Outlow Following CFTC Investigation
    BitMEX saw a sea change in its BTC inflow/outflow as the potential of a U.S. Commodity Futures Trading Commission (CFTC) probe hit home. The 24-hour period following the news that the Seychelles-based exchange was being investigated for allowing U.S. individuals to trade on its platform saw only $12 million worth of BTC coming into the platform and a massive $85 million leaving it, according to stats from TokenAnalyst. This is the largest 24-hour cumulative withdrawal in months and show the fears that has gripped some users of the platform. $BTC is panic leaving from Bitmex, $73m net in 24hrs https://t.co/vMLOjslU6P — Su Zhu (@zhusu) July 20, 2019 Roubini Gets His Wish News of the CFTC investigation into BitMEX broke first through Bloomberg, with word quickly spreading around the community, clearly leading to many U.S. users to withdrawing their funds and, presumably, closing their accounts. The investigation has not been officially confirmed by the CFTF, with Bloomberg only citing “people familiar with the matter” and explaining that the “months-long probe” had been underway for some time and that such investigations “often don’t lead to allegations of misconduct”. Economist and Bitcoin-hater Nouriel Roubini frequently attested to BitMEX’s unregulated nature ... read more
    Source: BitStarz NewsPublished on 2019-07-22By Mark Hunter
    11 hours ago
  • Bakkt To Start User Testing of ‘Moonshot’, Bitcoin Futures Trading Platform From Today
    The Atlanta based crypto trading platform Bakkt will start user testing of its much-awaited Bitcoin futures trading platform ‘Moonshot’ on Monday. The project is aimed at institutional investors and could prove to be the major booster for market growth. Bakkt is a subsidiary of Intercontinental Exchange, the company which owns the New York Stock Exchange. … The post Bakkt To Start User Testing of ‘Moonshot’, Bitcoin Futures Trading Platform From Today appeared first on CryptoNewsZ. ... read more
    Source: CryptoNewsZPublished on 2019-07-22By Trevor Holman
    11 hours ago
  • Google All Set to Take on Amazon with Launch of New Shopping Portal
    Over the past decade, Google has looked on as Amazon cornered the e-commerce market in its own inimitable way and considering the sheer size of the market, it was not going to stay away from the market for long. As a matter of fact, Amazon had even become a major threat for Google when it … The post Google All Set to Take on Amazon with Launch of New Shopping Portal appeared first on CryptoNewsZ. ... read more
    Source: CryptoNewsZPublished on 2019-07-22By Jodie Miller
    11 hours ago
  • CTFC: U.S. Watchdog Reportedly Eyes BitMEX Over Possible American Users
    America’s top commodities regulator is reportedly probing cryptocurrency derivatives exchange BitMEX over the prospect of U.S. users trading on its platform. That’s per anonymous sources close to the situation, Bloomberg reported on July 19th. Those persons said at issue for the U.S. Commodities Futures Trading Commission (CFTC) is whether BitMEX has effectively stopped Americans from using its venue since the exchange is not registered with the Commission. Both the CFTC and BitMEX declined to comment on the report. According to the exchange’s terms of service, Americans are not allowed to use its platform — a rule that’s officially been in place for the last few years. The exchange itself is registered out of Eden Island in Seychelles. Notably, bitcoin trading pundit Tone Vays had his account axed by BitMEX last fall “on suspicion of being a US Citizen,” the trader said at the time. However, the purported CFTC investigation — which has reportedly been underway for months and remains ongoing — doesn’t necessarily mean much for now. On the news, Compound General Counsel and popular cryptoverse legal commentator Jake Chervinsky said the work appeared routine and such “investigations often result in no charges at all.”
    Stop freaking ... read more
    Source: BlockonomiPublished on 2019-07-22By William M. Peaster
    11 hours ago
  • Ren Price Analysis REN / BTC: Breaking Out
    Ren has a bullish short-term bias against Bitcoin, with the REN / BTC pair testing back towards its current 2019 trading high The four-hour time frame shows that a bullish breakout is underway from a falling wedge pattern The daily time frame also shows that a major bullish breakout is underway in the REN / BTC pair Fundamental Analysis Ren gained momentum after the project’s July development update. The team is still improving and stabilizing the RenVM Testnet in preparation for its upcoming release. Overall, the project is growing well, and now is in the final stages before the Testnet will become available to the whole community. Ren / Bitcoin Short-term price analysis Ren has a bullish short-term trading bias against Bitcoin, with the REN / BTC pair testing back towards its current 2019 trading high. The four-hour time frame shows that the REN / BTC pair has now moved above a falling wedge pattern. The projected upside move of the bullish breakout would take the cryptocurrency to a new all-time trading high. Technical indicators across the four-hour time horizon are bullish, although they are starting to appear overstretched to the upside.  
    REN / ... read more
    Source: Crypto BriefingPublished on 2019-07-22By The Analyst Team
    11 hours ago
  • Ripple Adoption: Bank Of America Has Its Eyes On Ripple’s DLT
    Ripple has been marking a lot of achievements this year, bagging more partnerships and gaining enhanced recognition. Now, the San Francisco-based company is in the spotlight again after the Bank of America has filed a new patent application that’s focused on Ripple’s DLT. The Daily Hodl reports that according to Google Patents, the title of the application is “Real-time net settlement by distributed ledger system.” The patent is pending approval from the U.S. Patent and Trademark Office It seems that this was filed on June 6th and is pending approval from the U.S. Patent and Trademark Office. The patent references Ripple multiple times in a series of images, and describes a Ripple “settlement scheme.” According to the same online publication, the patent doesn’t reference the digital asset XRP, which is used by Ripple in its cross-border payment solution xRapid. We recommend that you read the full patent application to learn more details. Ripple's stance on regulators Ripple has been recently in the spotlight again when the global Head of government relations, Michelle Bond, sat down for an interview with Business Insider. Bond says the fintech industry is still in its youth and regulators need to walk a fine line between protecting ... read more
    Source: OracleTimesPublished on 2019-07-22By Andreas Townsend
    11 hours ago
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