Month: February 2018

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Bitcoin price dove below $9,700 on Thursday following reports that India may take a hard line against cryptocurrency usage to combat its use in “illegitimate” enterprises. As CCN reported, Arun Jaitley, India’s finance minister, criticized cryptocurrencies during a speech before the country’s parliament. Jaitley, who was ostensibly presenting the Union Budget, took time to state that the government does not consider cryptocurrencies to be legal tender and Read more …

Marc Hochstein is the managing editor of CoinDesk and a former editor in chief of American Banker. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Each of these three stories out of Southeast Asia is significant on its own, but when you read them side by side they tell a much bigger, global story. First, on Jan. 23 South Korea’s financial regulator set a date for the introduction of a new rule barring anonymous cryptocurrency trading Read more …

Executives of two bitcoin futures exchanges defended their practices as not unduly risky to the Commodity Futures Committee as it considers tighter scrutiny of cryptocurrency derivatives. Advocates argue for self-regulation As reported by Forbes CboE Global Markets President and Chief Operating Officer Chris Concannon contended that before launching  Bitcoin futures in December they had extensive contact with Commodity Futures Trading Commission (CFTC) staff, futures commission merchants, and other market participants. Kathleen Cronin General Counsel for the CME Group argued CME’s Read more …

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas to a.mcqueen@cointelegraph.com. With the cryptocurrency economy now worth more than $500 bln, the IRS is waking up to massive tax revenues at Read more …

All of the top 50 cryptocurrencies fell by as much as 18.05 percent in the 24 hours to press time, Thursday, Feb.1, as fresh volatility in Bitcoin undermines previous sideways growth. Cross-exchange data from CoinMarketCap shows the broad copycat effect of Bitcoin’s drop on altcoin markets. Only six altcoins in the top 50 had made 24-hour gains at press time, with these nonetheless trending downwards. Bitcoin faces renewed pressure after India’s finance minister Arun Jaitley announced a crackdown on “illegitimate Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Advertisements, infographics, articles and more – all included in Hong Kong’s latest effort to educate the public on initial coin offerings (ICOs) and cryptocurrencies. According to a recent press release, Hong Kong’s Financial Services and Treasury Bureau (FSTB), and Investor Education Center (IEC) have launched a public campaign to both educate and warn investors about the “risks” associated with both initial coin offerings and cryptocurrencies. Included in Read more …

Bitcoin price has dropped to the lowest level since for two weeks and could drop below $9,000 in the next 24 hours, price charts indicate. The downward move follows a month for bitcoin when its market capitalization has tumbled from a high of $296 billion on Jan. 5 to $163 billion today – a $133 billion (44.93 percent) loss. Having failed to hold above the $10,000 mark for the third time in last 48 hours, prices on CoinDesk’s Bitcoin Price Read more …

There is an obvious correlation between gaming and the blockchain industry. Transforming the gaming world will not happen overnight. However, we see more and more efforts to integrate blockchain into gaming through many different methods. One of the most popular ventures is by using blockchain-based currency to buy, sell, or trade in-game items. The lines between in-game commerce and real-world commerce are blurring as we speak. There are numerous ways blockchain technology can affect the gaming industry in the future. Read more …

News This Wednesday Jack Dorsey, the CEO of the payment processing firm Square, revealed the company’s Cash App users can now purchase and sell bitcoin. Back in November the Square Cash App’s bitcoin functionality was only available to select individuals for experimentation. Now, most of the app’s users can access the ability to buy and sell the digital currency using the platform. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies The Payment Company Square Read more …

Bitcoin markets are reacting to fresh regulatory comments on crypto from India’s finance minister Arun Jaitley, made during his most recent budget speech in the Parliament today, Feb.1. After Jaitley noted in his speech that cryptocurrency is not legal tender in the country and promised a crackdown on “illegitimate activities” involving crypto, a flood of misinterpreted comments warning of an outright ban appeared across the mainstream press and social media. Markets in turn fell in trading on Thursday, Bitcoin dipping Read more …