The cryptocurrency ecosystem is still in its early stages and as such, adoption is quite slow. In fact, studies show that in the U.S, only 8% of people hold cryptocurrency investments. Compared to the number of blockchain startups and projects that continue to emerge, competition is tough. While this is frustrating for investors who find it difficult to discern the good projects from the bad, it is even more so for blockchain startups trying to prove themselves. These companies are Read more …
A South Korean treasure-hunting company called Shinil Group recently made headlines across the world once they announced an ICO after making the big discovery of a sunken Russiani battleship carrying gold worth $130 billion. Team members from the company posted a YouTube video on July 16th showing how they were able to allegedly find wreckage of the Dmitrii Donsoki, a Russian cruiser scuttled in 1905 after seeing combat in the Russo-Japanese War. The wreckage was found close to the island of Ulleungdo. Read more …
Tuesday saw Bitcoin take a bit of a tumble, with the price of the asset currently down 7% in the past 24 hours. Despite the drastic pullback, some investors do not see this as a bearish sign, including Mike Novogratz of Galaxy Digital. Bitcoin Sees Pullback From Monthly Highs, Volume Still Strong At midday (GMT) on Tuesday, Bitcoin began to lead the market downwards, with the price of the crypto asset seeing a gradual decline overnight. Altcoins have since followed, Read more …
The Daily In today’s edition of Bitcoin in Brief we cover the stories about how NFL players can start to earn some extra cryptocurrency, McDonald’s latest publicity stunt called Maccoin, former US president Bill Clinton to speak at Swell by Ripple, and Binance’s acquisition of Trust Wallet. Also Read: Security Researchers Attack McAfee-Backed Wallet for “Unhackable” Claims NFL Players to Earn Crypto As we reported earlier this year, the athletes of the American National Football League (NFL) have been educating Read more …
A company is creating an ecosystem where tangible assets such as gold can be traded for virtual currencies in a digital environment. The platform, known as the Digital Gold Exchange (DGE for short,) says it has the goal of establishing a place where users can securely store their assets and trade with others “quickly, safely, and without intermediary intervention.” It is designing a blockchain-based ecosystem which it hopes will allow individuals and companies to join – trading without borders wherever Read more …
Key Highlights ADA price is under pressure as it moved below the $0.1550 support area against the US Dollar (tethered). There is a major bearish trend line in place with resistance at $0.1420 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely decline further once sellers succeed in breaching the $0.1350 support level. Cardano price extended losses below key supports against the US Dollar and Bitcoin. ADA/USD is in a bearish zone with Read more …
Regulators like the Securities and Exchange Commission shouldn’t be acting as gatekeepers to new technologies like bitcoin, according to Commissioner Hester Peirce. Peirce’s remarks, made during an interview with CoinDesk, follow the agency’s decision to confirm the 2017 rejection of a bitcoin-tied exchange-traded fund backed by Cameron and Tyler Winklevoss, which reinforced the argument made in a publicly-issued dissent published alongside last week’s announcement. According to Peirce – who was sworn into office this past January and previously served as Read more …
Over the past 24 hours, the Bitcoin price has dropped by more than 7.5 percent from $8,150 to $7,500, as the crypto market lost $30 billion in one of the steepest drops in the past 30 days. Expected Decline, But Extreme Since July 29, Bitcoin recorded three consecutive sell candles on its one-day chart, demonstrating the lack of volume and decline in the momentum of the dominant cryptocurrency. On July 30, recognizing the declining momentum of Bitcoin, CCN reported: “If Read more …
After penning the book which inspired “The Social Network,” you may have expected Ben Mezrich’s Winklevoss interest to have waned. However, he recently wrote a new book detailing their adventures in Bitcoin, which will be available next spring. Winklebros You’ve all heard the story of how the ‘evil’ automaton Mark Zuckerberg co-opted Facebook from the heroic Winklevoss brothers, who really invented it. The subsequent, and highly publicized, lawsuit led to a settlement of $65 million for our third-favorite twins. The lawsuit Read more …
Key Highlights Ripple price extended slides and traded below the $0.4300 support level against the US dollar. There is a new connecting bearish trend line formed with resistance near $0.4325 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading near a major support area at $0.4250, which holds a lot of importance. Ripple price tumbled further against the US Dollar and Bitcoin. XRP/USD must hold the $0.4250 support to avoid more declines Read more …
Taxes The South Korean government has announced a new set of tax law amendments. Under this proposal, bitcoin exchanges will no longer be eligible for income and corporate tax deductions currently enjoyed by small and medium-sized businesses. The regulators have also been considering imposing capital gains tax on the sale of cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Stripping Away Tax Benefits The South Korean government has announced its proposed Revised Tax Law 2018. In the official statement published Read more …
Yoni Assia, the CEO of eToro, a major multi asset brokerage firm with more than eight million active users, has said in an exclusive interview with NewsBTC that some institutions have already broken into the crypto market. Institutional Investors are Already Present in Crypto Market Throughout the past few months, prominent investors and analysts including BlockTower’s Ari Paul and Multicoin Capital’s Kyle Samani have emphasized that to assist the entrance of large-scale institutional investors into the crypto market, an institutional Read more …