Month: March 2018

Emerging Markets Cambodia’s cryptocurrency sector appears to be marching forward, despite the absence of clear regulatory guidelines pertaining to virtual currencies.  Also Read: PBOC to Strengthen Cryptocurrency Regulations in 2018 Regulatory Ambiguity Fails to Deter Cambodia’s Cryptocurrency Sector A report published by The Phnom Penh Post suggests that Cambodia’s virtual currency industry is pressing forward in spite of the regulatory ambiguity surrounding cryptocurrencies in the country. The founder of the Khmer Crypto Foundation, In Mean, told local media Read more …

Being involved in Bitcoin means ignoring short-term changes and discrepancies. Anyone who has followed this cryptocurrency for multiple years knows that unwritten rule all too well. The Bitcoin price is always subject to interpretation and speculation. Even so, the overall trend is still extremely bullish. The Bitcoin Price is Just Fine Many people are spoiled when it comes to the Bitcoin price. Last year was extremely bullish and borderline ridiculous. With a meteoric rise in value from under $1,000 to Read more …

Regulation The European Securities and Markets Authority (ESMA) has announced that it will impose restrictions on the leverage offered for contracts-for-difference (CFDs) and binary options offered to European retail investors. Under the new measures, the leverage offered on cryptocurrency CFDs will be limited to no more than 2:1. Also Read: PBOC to Strengthen Cryptocurrency Regulations in 2018  European Securities Regulator Imposes Restrictions on Leverage Offered by CFD Providers ESMA has agreed on what it describes as “temporary product Read more …

The Beneficial Impact of Regulatory Scrutiny on Cryptocurrencies. There has been a crypto gold rush going on and the authorities have taken note. The IRS considers crypto to be an asset and thus should be taxed. Accordingly, it has taken measures to track all crypto holders, which has got many people concerned. However, the IRS actions can actually have a positive effect on cryptocurrencies. Recently, the IRS ordered Coinbase, one of the biggest exchanges in the US, to furnish it Read more …

China’s central bank states that the country is willing to support a global regulatory framework for cryptocurrency established by G20. China’s Central Bank Supports Global Regulatory Framework The Institute of International Finance, a part of The People’s Bank of China (PBOC), offered new insight to the country’s cryptocurrency policy on its “Global Banking Industry Outlook Report” released this week. The central bank and government are already deeply invested in blockchain technology, but it may well expand R&D further, especially as it plans Read more …

Thailand’s awaited tax framework for cryptocurrencies has been announced this week by the Thai Finance Minister, local news outlet Nikkei Asian Review reported Friday, March 30. Apisak Tantivorawong reported during a March 27 cabinet meeting that crypto trades will be taxed with a 7 percent value added tax (VAT), and returns taxed with a 15 percent capital gains tax. The first draft of the digital asset regulations, released March 14, showed that the expected tax ceiling for the digital gains Read more …

Regulation The chairman of the central bank of Kazakhstan said that the bank has prepared legislation to prohibit the sale and purchase of cryptocurrencies in the country as well as any kind of crypto mining, citing several risks he sees. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies National Bank’s Crackdown on Crypto The chairman of the National Bank of Kazakhstan Daniyar Akishev said on Friday that “Kazakhstan intends to prohibit the purchase and Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. After dipping below $6,500, the price of bitcoin has increased 7 percent to $7,100, as the rest of the cryptocurrency market recovered over the past 24 hours. Since March 30, the valuation of the cryptocurrency market rose from $250 billion to $268 billion, by around 8 percent. Correlated Movements On March 29, Cornell professor Emin Gun Sirer stated that a mature market should have assets that Read more …

March 27th, a unique blockchain based gambling platform Zerocoin.Bet is launching the second part of its Pre-ICO. The presale event will last until April 27th, 2018 or until the hard cap is reached which is set at only 1500 ETH. During the presale, investors will be able to purchase ZERO tokens with a 58% bonus for a very limited time. ZERO token owners will be able to use it on the ZeroEdge.Bet platform to play 0% house edge games such Read more …