In a recent survey, most business economists believe the U.S. will fall into recession by 2021. Days after the market euphoria over a ceasefire in the ongoing trade war between China and the U.S., a new study has suggested that things might not really be so rosy for the U.S. economy moving forward. In fact, half of the business economists who were questioned believe that the U.S. economy will officially fall into a recession by 2020. This figure goes up Read more …
A startup based in Kyiv, Ukraine says its trading terminal Superorder, which is powered by automation features, can aggregate crypto trades across multiple exchanges, allowing investors to centralise their trading activities. Superorder: Redefining trading terminals According to the developers, Superorder is a “next generation trading terminal,” which provides users with centralized trading on any exchange from a single place. The platform is still in its infancy, but the team say it has the ability to bring enhanced speed and convenience Read more …
Facebook is “hoping to succeed where Bitcoin failed” with its highly secretive cryptocurrency project, a New York Times (NYT) article published today, Feb. 28, argues. Citing multiple anonymous sources who spoke on the condition of anonymity, the Times pieces together the alleged contours of the project, which will reportedly aim to integrate cryptocurrency payments into its messaging services. Notably, Facebook plans to rehaul its messaging infrastructure and integrate its three wholly-owned apps — WhatsApp, Messenger and Instagram — under one Read more …
Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency. The bill was proposed by Assemblymember Phil Ting on February 20, 2019. If put into law, it would affect the district’s many cannabis businesses, particularly all of those in San Francisco. Logistical Barriers: Delivering Bags of Cash One of the most prominent driving factors behind this bill, and Read more …
Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency. The bill was proposed by Assemblymember Phil Ting on February 20, 2019. If put into law, it would affect the district’s many cannabis businesses, particularly all of those in San Francisco. Logistical Barriers: Delivering Bags of Cash One of the most prominent driving factors behind this bill, and Read more …
Bitcoin prices in range mode LocalCoinSwap launches a service allowing buying or selling of crypto without KYC Transactional volumes shrink to 15k in the last four days. Fiat—crypto on-ramps are indispensable liquidity doors. Enthusiasts and investors now have an option to buy or sell crypto without KYC. All the same, it is until prices race above $4,500 is when we expect prices to rally towards $6,000. Bitcoin Price Analysis Fundamentals In a largely unregulated environment, regulators are demanding compliance from Read more …
Russia’s long-running cryptocurrency regulation saga may soon be at an end as Vladimir Putin has ordered a deadline of 1st July 2019 for the approval of the ‘crypto-sphere’ bill. Previously, On ‘Crypto-Currenskiy’ The ‘Quest for the Regulatory Bill’ picked up pretty much straight after the finale of prequel, ‘The Prohibition Question’. As you may recall, the Federal Tax Service had finally revealed the bombshell, that Bitcoin was legally a foreign currency. By this point though, the story had become so Read more …
Square, the $31 billion payments giant, processed over $166 million in Bitcoin purchases throughout 2018. Square Bitcoin Revenue Eclipses $50 Million in Q4 According to the firm’s Q4 shareholder letter, Square processed the sale of $52.4 million in Bitcoin in the fourth quarter of last year, up nearly two-fold from its previous quarter. The relatively high Bitcoin sales figure from Square follows an annual report released by Grayscale, a subsidiary of Digital Currency Group, which revealed that $359.5 million was Read more …
An unusual bug has been discovered in Coinomi, a popular multicoin wallet. Of all the security issues that might have come up, a spell check tool seems to be to blame. The victim of the bug has now made his complaints known, while Coinomi has asserted that the victim handled the problem irresponsibly and blackmailed the company. This is what has happened so far… The Bug Has Been Confirmed The victim, Warith Al Maawali, claims that a text box built Read more …
Coinhive, a well-known Monero mining service, is about to shut down due to declining profits. Coinhive’s distinctive feature was the fact that it could be embedded in a web page, where it would quietly run in the background. This versatility made Coinhive both popular and notorious—raising the question of whether the project will be missed. A Divisive Miner Although Coinhive was controversial, it had legitimate applications. UNICEF, for example, used the software for fundraising purposes. Coinhive basically worked by having Read more …
The Dow and wider U.S. stock market struggled for direction Thursday after talks between President Donald Trump and North Korea’s Kim Jong Un ended abruptly, raising the specter of a new confrontation with the hermit kingdom. Better than expected GDP data failed to stoke investor optimism after it became apparent that economic growth had slowed considerably from the first half of 2018. Dow Struggles to Hold Above 26,000 All of Wall Street’s major indexes struggled, as the Dow Jones Industrial Read more …
Steven Maijoor, who chairs the European Securities and Markets Authority (ESMA), has shown support for further regulation of crypto assets. Maijoor said he would like to see financial instrument regulation applied to cryptocurrencies in line with Europe’s securities laws, ostensibly to “help protect investors.” Also read: Cryptopia Lost Almost a Tenth of its Assets in January Hack ‘Financial Laws to Protect Crypto Investors’ “Where crypto assets do not qualify as financial instruments, we are concerned that the absence of applicable Read more …