Monthly Archives: April 2018

Brazil’s Largest Brokerage Firm May Be Launching an OTC Bitcoin Exchange

Brazil is home to half of South America’s population and wealth, and right now, the country’s largest investment broker firm may be primed to launch an over-the-counter (OTC) bitcoin exchange. XP Investimentos has not made any official announcements on the matter, but according to reports in Portal do Bitcoin on Tuesday, April 17, 2018, the investment firm is behind a new company called XDEX with around $7.5 million in capital. Portal do Bitcoin did some research and connected the two the companies. As the story goes, XP […]

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Chilean Banks vs Crypto Exchanges: Will Citizens Have Access to Technology?

Following Chilean exchange Buda’s decision to fight their banking blockade, the CEO has questioned these banks’ decision making. Earlier this week, a group of cryptocurrency exchanges in Chile applied to the courts to fight the decision of banks to shut down their bank accounts. The exchanges, including Buda, Orionx, and CryptoMarket (CryptoMKT), state that the banking system in Chile is taking matters into their own hands and that they are “killing the entire industry.” Banks Itau Corpbanca and Scotiabank announced the closure of the bank accounts of […]

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Thai SEC Tech Consultant ‘Hopes’ Authorities Will Reconsider Digital Asset Tax For ICOs

Thai SEC tech consultant admits the necessity of reconsidering the country’s digital asset tax framework introduced in late March. Thailand’s Securities and Exchange Commission (Thai SEC) and Thai Fintech Association technology consultant Bhume Bhumiratana, along with members of the local crypto community, have urged financial authorities to reconsider the country’s cryptocurrency tax framework, local news outlet Bangkok Post reported Tuesday, April 17. According to Thailand’s proposed crypto tax framework released in late March, the value added tax (VAT) for cryptocurrency trades would be 7 percent, while returns […]

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Saxo Bank: Cryptocurrencies Could See ‘Springboard’ Bull Market In Q2 2018

The second quarter of 2018 could spell a fresh “bull market” across cryptocurrency, Saxo Bank analysts have determined. Major Danish bank Saxo Bank continued its optimism regarding cryptocurrency growth in 2018 in its latest Quarterly Outlook, published April 18. Eyeing what he describes as “springboards for a cryptocurrency bull market in Q2” this year, analyst Jacob Pouncey from the bank’s SaxoStrats in-house team of strategists queried whether crypto-assets were “entering a new cycle.” “Historically, many of the blue chip cryptocurrencies have seen price increases in the face […]

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UK Member Of Parliament Says Blockchain Will have ‘Monumental Impact’

A UK Member of Parliament has delivered a speech about the “monumental impact” he believes Blockchain will have on people’s lives. British Conservative Member of Parliament (MP) Matt Hancock has delivered a speech about the “monumental impact” he believes Blockchain will have on people’s lives, speaking at a conference today, April 19. The UK government published a transcript of the speech on the gov.uk website, which was delivered at the Law Society as part of the London Blockchain Conference today. Hancock singled out three “vast areas of […]

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Bitbox Project Hosts Two Bitcoin Cash Hackathons

This week news.Bitcoin.com spoke with Carlos Cardona from the open source Bitbox toolkit project. Over the next thirty days, Bitbox is hosting two BCH-centric hackathons that aim to bring the bitcoin cash development community together to build innovative applications using the decentralized network. Also Read: Meet Memo: An On-Chain Social Network Built on Bitcoin Cash Emerging Platforms Need a Framework Which Encapsulates Everything the Platform Offers On April 21, and on May 15 the same day as the upcoming BCH hard fork, the open source toolkit project, Bitbox, […]

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Telegram Digital Resistance: The Open Network And Russia’s Ban

From biggest ICO to Russia’s ban: recap story of Telegram Telegram has been called the “cryptocurrency world’s preferred messaging app” by many media outlets including Forbes, and more than 84 percent of Blockchain-based projects have an active Telegram community. For over 48 hours now, Telegram has been under a ban by internet service providers in Russia. This was triggered by Telegram’s refusal to give encryption keys to Russian security agencies. Telegram’s founder, Pavel Durov, said that they have not seen a significant drop in user engagement since the beginning […]

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Mastercard – Denouncing Cryptocurrencies While Embracing Blockchain

Mastercard continues to denounce cryptocurrencies while aggressively exploring and developing Blockchain based systems. Blockchain technology has shaken up the financial world by providing a system for transactions that does not need a central authority, bank or third party payment system.This very reason has made many traditional financial institutions unsupportive of the new technology, as over time it could make their systems obsolete. Enter Mastercard, the global banking card provider. The company has been somewhat bipolar in their stance towards cryptocurrencies and Blockchain technology over the past few […]

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The Next Chapter Of Blockchain Is Market Consolidation: Expert Take

The fast pace makes crypto trading fun, but not completely unpredictable. In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to george@cointelegraph.com. The cryptocurrency market acts like TV stuck in fast forward. It mirrors traditional market […]

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Hedge Fund Pantera CEO Says BTC ‘Highly Likely’ To Go Past $20K High Within A Year

Crypto hedge fund CEO Dan Morehead says $6.5k is as low BTC’s bear market will go, adding the coin is “highly likely” to exceed $20k within a year. Dan Morehead, CEO of Blockchain-focused hedge fund Pantera Capital, named Bitcoin’s (BTC) bottom price and predicted BTC would go past its record high within a year in an interview on CNBC’s Fast Money Wednesday, April 18. Morehead, whose company returned 25,000 percent in 2017 when Bitcoin hit $20,000, said that $6,500 was the low for the recent bear market, […]

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