Month: September 2018

It looks like Malta’s reputation as “Blockchain Island” is continuing to gain impressive traction, with a new development that could potentially see the state begin to adopt a cryptocurrency- and blockchain-based mechanism for its services and operations. The team from Waves  — a decentralised cryptocurrency platform providing a complete ecosystem for blockchain developers — met with Joseph Muscat, Malta’s prime minister, and representatives of the Maltese government, to discuss potential scenarios for the use of the Waves platform in the Read more …

There is a ray of hope in the crypto-sphere: Litecoin is up three percent rejecting lower lows right at $50 support line while Stellar Lumens bulls did add five percent following through on Sep 11 gains. Others as EOS and Monero are stable but edge higher with Monero trending along $100, a psychological level. In the mean time ADA is below ATLs at 7 cents meaning our sell triggers are live overriding news of Metaps ADA integration come November 2018. Read more …

Exchanges Buying cryptocurrency in Russia these days increasingly means parting with fiat cash, be it Russian rubles or American dollars. According to numbers quoted by local media, the 24-hour market turnover, just in Moscow, reaches a staggering $50 million dollars on peak days. Some say the cash-crypto trade resembles the wild-wild-east street forex of the 90s, while others claim that if it’s not prohibited then it’s allowed.       Also read: Ukrainians Advised to Pay 19.5% Tax on Crypto Incomes Multi-Million Read more …

It is not terribly common for a mainstream economist to say something good about bitcoin in the period of its downtrend, but Mohamad El-Erian once again made an exception. Cryptocurrency’s Not Going Away The Allianz chief economic advisor said in an interview that cryptocurrencies are not dead, though they may be overvalued. He specifically mentioned bitcoin as an asset whose buy value should be circa $5,000, a sentiment he had already shared in June. In his latest statements, El-Erian added Read more …

The Union Cabinet of India has approved a Memorandum of Understanding (MoU) on the collaborative research of distributed ledger technology (DLT), local news outlet ANI reported September 12. The Union Cabinet is the supreme decision-making body in India consisting of cabinet ministers and led by the prime minister, Narendra Modi. The MOU, which is a cooperative initiative under the BRICS Interbank Cooperation Mechanism, aims to foster better understanding of DLT and define areas where the technology can be deployed to Read more …

The Financial Industry Regulatory Authority (FINRA) has issued its first cryptocurrency-related disciplinary action, charging Timothy Tilton Ayre, a broker in Agawam, MA., with securities fraud and the unlawful distribution of HempCoin, which the agency claims is an unregistered cryptocurrency security. FINFRA, a not-for-profit organization overseen by the SEC to author rules and enforce compliance of federal securities laws, has accused Ayre of trying to entice people to invest in Rocky Mountain Ayre Inc. (RMTN) through the purchase of HempCoin, which Read more …

As Bitcoin ranges in the $6,000-7,000 range and regains its market dominance, many altcoins are being pushed to their year-to-date lows which is resulting in an overwhelmingly bearish market sentiment. Due to the negative market sentiment, mainstream media outlets have been quick to liken the 2018 crypto crash to the dot-com bubble burst in 2000. Although in many ways the comparison is quite accurate, the ultimate success of the internet industry proves that there is still the potential for exponential Read more …

Corporate customers tangled up in the aftermath of Mt. Gox’s historic hack can finally file for reparations. The now-defunct Japanese bitcoin exchange opened up its claim filing system to corporate users this Wednesday, September 12, 2018. Previously, the system was open only to non-corporate individuals as of August 23, 2018, but with today’s announcement, any entity that lost funds to the exchange can now file for rehabilitation claims. Creditors have until October 22, 2018, to file for rehabilitation, after which Read more …

News A group of cryptocurrency luminaries and businesses have announced the formation of a US lobbying entity based in Washington known as the Blockchain Association. The creation of the political solicitation group was initiated by firms such as Circle, Coinbase, Polychain Capital, and the Digital Currency Group. Also read: With Bitcoin Cash, A Namibian Conservationist Hopes To Save Endangered African Wild Dog Digital Currency Businesses Initiate US Lobbying Group Called the Blockchain Association This week a group of well-known cryptocurrency firms Read more …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Financial regulators are watching companies involved in the cryptocurrency industry with increasing scrutiny. On September 11, the U.S. Securities and Exchange Commission (SEC) penalized a crypto hedge fund for the first time, while Read more …