Month: August 2018

Spanish left-wing political coalition Unidos Podemos has called on the state to explore and implement the benefits of blockchain technology, local news agency Europa Press reported August 12. Podemos, formed from left wing parties Podemos, United Left, Equo and others has suggested that the Spanish government establish a subcommittee responsible for studying the potential of blockchain technology as well cryptocurrency regulation. Alberto Montero, the deputy of the political alliance, has reportedly registered the request in the lower house, along with Read more …

The Communist Party of China (CPC) has recently released a primer on blockchain technology and its possible applications, according to an official press release on the CPC website Aug. 13. According to the statement, the book by China’s Communist Party provides a scientific description of key blockchain features, its origin, future application scenarios, as well as major challenges associated with the adoption of the new technology. By introducing the book, the Chinese political party aims to assist government authorities in Read more …

A joint committee of Saudi Arabia’s regulatory bodies has issued a statement on cryptocurrency trading. The move hopes to protect local investors from the “high risks” associated with digital asset markets. Trading Venues Falsely Advertise as Being Regulated by Saudi Arabia The news broke via a statement posted to the Saudi Arabian Monetary Authority’s website yesterday. It claims that virtual currencies posed “high risks on traders,” as well as other unmentioned “negative consequences.” According to the statement, the lack of Read more …

When Bitmain announced last year that it was throwing its weight behind bitcoin cash ahead of the latter’s decision to pursue a divorce from the main BTC network due to irreconcilable differences over blockchain scaling, the cryptocurrency mining giant put its money where CEO Jihan Wu’s mouth was. Leaked documents from Bitmain’s pre-IPO investor deck show that, as of March 31, the China-based firm was holding more than 1 million bitcoin cash (BCH) on its balance sheet, worth nearly $600 million Read more …

Cryptocurrency exchange and wallet service provider Coinbase has announced updates to its Index Fund in a blog post published today, August 13. The U.S.-based platform stated that it will reduce its Index Fund’s annual management fee “for all new and existing investors” from 2 to 1 percent, explaining: “We’re reducing our fee in order to attract investors who are familiar with lower-fee index funds in other asset classes. This will help introduce a new category of institutional investors into the Read more …

A draft proposal by the European Parliament’s Committee on Economic and Monetary Affairs suggests creating new regulations for public initial coin offerings (ICOs), according to a document published Friday. Ashley Fox, a Member of the European Parliament (MEP) representing the United Kingdom, wrote a draft report on proposed regulations for Europe’s crowdfunding platform operators and companies. Work on crowdfunding regulations has been ongoing since last year, with a formal proposal from the European Commission (the EU’s executive branch) coming in March with the 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. Turkey is facing a crisis as its national currency is plunging. The 10-day volatility of the lira relative to the U.S. dollar has surpassed that of Bitcoin (BTC). President Recep Tayyip Erdogan has Read more …

The short-term gains can never compensate for the long-term losses. So it seems from the latest Bitcoin price action which, during the weekend, jumped more than 7.5% and promised an extended breakout, but fell short of delivering it. This Monday started with minor pullbacks from the early 6550-fiat level during the Asian trading session. However, the growing selling sentiment around the psychological resistance area eventually erased the gains, bringing us back towards 6012-6138 area. BTCUSD Technical Analysis Technically, we are Read more …

August 13: Crypto markets have today failed to sustain their short-lived recovery, with Ethereum (ETH) plummeting to a multi-month low below $300 and only a scant few altcoins spared from the widespread losses, as Coin360 data shows. Bitcoin (BTC) is seeing only minor losses on the day. Market visualization from Coin360 Ethereum (ETH) is currently trading at $288, down a stark 9.77 percent on the day. Having traded sideways most of the day to hold close to the $320 mark, Read more …

The total combined market capitalisation of cryptocurrencies continues to fall to new yearly lows despite ongoing improvements to the fundamentals of the space. What could be driving the prices of Bitcoin and other digital assets down in such a way? Fundamentals Never Looked Better From a fundamental perspective, the cryptocurrency space has never looked better. Increased institutional options by the likes of Circle, Coinbase, and Blockchain, and the ICE recently announcing intentions to form the Bakkt platform with the likes Read more …

News News.Bitcoin.com feature ‘Cryptowhispers’ reported on what has turned from rumor to an all-out verbal war between two well-known figures in the cryptoverse. It began last week when Christopher Franko, co-founder of the Expanse project, took to Twitter and accused popular exchange Binance of quoting 400 bitcoin to list a token. The exchange’s head, Changpeng Zhao, has since responded rather personally to Mr. Franko, and, well, all hell has broken out. Get some popcorn. Also read: Report: 15,000 Twitter Crypto Read more …