Category: Cryptocurrency News

The state of the crypto market is positively dire right now, as trading across various retail and institutional platforms show marked declines. Despite hopes of halloween rallies and historical bull markets, everything seems to be pointing towards a bearish Q4. P2P Bitcoin Transactions Register a Drop Bitcoin’s price is currently consolidating after a whirlwind of negative news. Firstly there was Bakkt’s disastrous launch which failed to bring substantial institutional investment into the market, and now P2P trading site, LocalBitcoins, is Read more …

The U.S. has many regulators responsible for overseeing different aspects of crypto assets, each with its own stance on how they should be regulated. Major regulators in the U.S. with strong opinions on cryptocurrency include the SEC, the CFTC, the Federal Reserve, Fincen, and the IRS. Also read: Tax Guide: What Crypto Owners Should Know The Securities and Exchange Commission The Securities and Exchange Commission (SEC) has statutory authority over crypto assets that are deemed “security,” with its oversight extending Read more …

Head of Facebook’s Calibra claimed that the recent withdrawal of the seven firms from the Libra Association has no impact on the project. Dropouts will still be able to work with Libra In an interview with Yahoo Finance on Oct. 15, Calibra’s David Marcus argued that Facebook’s cryptocurrency project is “absolutely not” in jeopardy after PayPal, Visa, Mastercard, Stripe, eBay, Mercado Pago and Booking quit the Libra Association. Marcus emphasized that companies outside the formal association will still be able Read more …

Following the SEC clampdown on Telegram’s Gram-token issuing to early investors, many have accused it of inconsistency. But some commentators have suggested that actually the SEC is being very consistent, and simply applying the Howey test as always. SEC Heavy Handed Or Fair Enough? Simply put, the Howey test says that a security fulfils four criteria. A cryptocurrency is deemed a security, if and only if: a person (1) invests money, in (2) a common enterprise, with (3) an expectation of profits, (4) through Read more …

Advertisment Ethereum is one of the most popular and most exchanged cryptos on the market. In today’s guide, we will be explaining how you can buy Ethereum with your credit card. Buy Ethereum with Coinbase Coinbase is one of the top exchanges in the crypto world, which also supports Ethereum purchases via card. To buy Ethereum, you first have to register for an account on Coinbase. You will also be required to provide your ID for KYC and AML purposes. Read more …

Bitcoin was trading in negative territory on Wednesday as a broader market focus remained glued on Brexit and other critical macroeconomic events. Bitcoin price slips as speculators/investors shift focus elsewhere | Image credits: TradingView.com The benchmark cryptocurrency slipped 0.12 percent to trade at $8,152.92, continuing its choppy actions seen after the last significant drop on September 24. The lack of upside bias in the bitcoin market was visible in the performance of rival cryptocurrencies. Almost all the top altcoins surged Read more …

Over the last few weeks, the bitcoin market has been constantly flooded with high-volume, high-spread moves to the downside. There have been a few impulsive, bullish rallies but nothing that has been sustained and nothing that is showing signs of supply absorption. At the time of this video, the market is testing a very important level for the fourth time and, if we fail to close above the $8,080 level, would likely mean we will be visiting the mid-$7,700s.   However, Read more …

Professional services giant EY (Ernst & Young) is using blockchain tech to assist governments in improving transparency and accountability in the management of public funds. The firm, one of the Big Four accounting firms, announced the news Wednesday, saying its new “blockchain-enabled” EY OpsChain Public Finance Manager will compare government spending programs with the results of the expenditure, even when the money has passed through different layers of government and public service agencies. It’s claimed to track finances in real time Read more …

Bitcoin price (BTC) fell below $8,000 in fresh choppy trading action on Oct. 16, after several days of slow grind ended in a bearish turn. Cryptocurrency market daily overview. Source: Coin360 Bitcoin greets midweek traders with $300 dump Data from Coin360 shows the largest cryptocurrency put an end to its sideways trading style on Wednesday, falling several hundred dollars in minutes. Markets at first rejected a more precipitous fall, with some exchanges showing Bitcoin reversing at exactly $8,000.  At press Read more …

Bitcoin could surge by almost 150% before its block reward halves in May 2020, new data from a historically accurate forecasting tool suggests. Bitcoin Pre-Halving Growth Averages 113% According to analyst PlanB, creator of the Stock-to-Flow model for charting the price of Bitcoin 00, the next six months should see bullish sentiment return in full force. The reason, he argues, lies in Bitcoin’s history. Before the previous two block halving events in 2012 and 2016, BTC/USD surged 140% and 86% Read more …

Advertisment Crypto exchange Coinfield will enable users to tokenize and trade over 30,000 stocks by using the Ripple XRP ledger (XRPL). Coinfield’s CEO Bob Ras announced that they will be launching a new platform “Sologenic,” which will allow users to trade stocks such as Tesla and Apple, as well as ETFs from over 25 global stock exchanges and fiat-backed stablecoins on top of Ripple’s XRP ledger. The platform will be launched next year. “It’s an ecosystem, merging traditional financial market Read more …

A bond issued by the problem-ridden Deutsche Bank has been tokenized on the EOS network. The creation of tokenized assets is nothing new, but this time, the decision raised eyebrows. EOS-Supported Tokenized Bond Met with Skepticism EOS, a much-touted project, is still seen as dubious, hosting significant bot activity in its distributed app market. Possibly, the high level of transactions on the EOS network is also simulated. Hence the sharp Twitter reaction to the tokenized Deutsche Bank bond. A Deutsche Read more …