Monthly Archives: May 2018

Japanese Forex Giant GMO to Launch New UK Crypto Trading App

Japanese brokers already dominate the global online retail FX and CFD market by trading volumes. And it now looks like they will try to leverage their country’s receptive regulatory environment to expand internationally with crypto too. The latest example is an app in the UK created by two groups headquartered in Tokyo. Also Read: Bitcoin in Brief Tuesday: IOTA Ditched, Bitcoin Taking Over Popular Culture Pipster Z.com Trade, the international brand of Japanese forex giant GMO, has announced it will launch a new FX and cryptocurrency mobile […]

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Newly Formed Institute for Blockchain Innovation Backs ICO Alternative

A new open-source think tank oriented around blockchain technology has been formed and has announced its first initiative, JOBS Crypto Offering, which aims to solve the regulatory issues surrounding initial Coin Offerings (ICO). The newly announced Institute for Blockchain Innovation (IBI) has nearly 60 members, including global leaders in banking and technology. Companies include Finova, Indiegogo, 500 Startups, Ausum Ventures, Salesforce, Raiffeisen Bank International and BPC Banking Technologies. According to the press release, “The new think tank brings together the world’s innovators in both the traditional and […]

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IMF Report Says Crypto Does Not ‘Pose Risks’ To Global Finance

The International Monetary Fund has confirmed it sees “no risks” from crypto assets in regard to global financial stability. Cryptocurrencies “do not appear to pose risks to financial stability,” the International Monetary Fund (IMF) said in a report published the second week of April. In comments on crypto assets as part of its Global Financial Stability Report, the organization continued its recent stance in promoting international agreements on regulation. The report continues, “…they could [pose a risk] should their use become more widespread without the appropriate safeguards.” […]

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WSJ: ETH Now In A ‘Gray Zone’, But 2014 ICO Was Likely An ‘Illegal Securities Sale’

The Wall Street Journal reports that federal regulators are scrutinizing Ethereum to determine whether or not it should be retroactively classified as a security. Ethereum (ETH), the world’s second largest cryptocurrency, is coming under particular scrutiny from U.S. federal regulators, the Wall Street Journal (WSJ) reports today, May 1. According to the WSJ, regulators are debating whether or not to classify it as a security under U.S. law. The WSJ cites source familiar with the matter, who report that regulators have declared that ETH, the world’s largest […]

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Banks And Cryptocurrencies Global Evaluation: Americas

From friendly Canada to bans in Chile and Bolivia. The US Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo said he doesn’t see comprehensive crypto legislation coming from the federal level in the near future, CNBC reported April 30. Earlier this day, the US Securities and Exchange Commission (SEC) Commissioner Robert Jackson called the initial coin offerings (ICO) market a prime example of an unregulated securities market vis-a-vis the issue of consumer protection in ICOs. These statements can be read as another sign of the inevitable future […]

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Coinbase Valuation Jumps from $1.6 Billion to as High as $8 Billion

The meteoric price rally by bitcoin in 2017 has made a lot of people very rich, and perhaps no one more than the owners of the trading venues themselves. Coinbase, which was valued at around $1.6 billion less than a year ago, is now priced at $8 billion by its investors.   Also Read: Bitcoin in Brief Tuesday: IOTA Ditched, Bitcoin Taking Over Popular Culture The $8 Billion Unicorn San Francisco-based cryptocurrency exchange Coinbase has reportedly seen its market valuation skyrocket to as high as $8 billion. […]

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This Guy Is Fighting a Legal Battle with the CFTC over Bitcoin Classification

A few months ago the U.S. Commodity Futures Trading Commission (CFTC) charged a Staten Island-based company called Cabbage Tech with ‘fraud and misappropriation’ of funds based in Bitcoin and Litecoin. According to the CFTC, it revealed it had charged Patrick McDonnell and his company Cabbage Tech for crimes associated with allegedly promising big returns on trading advice, and lifetime trading advice memberships. The CFTC is looking for restitution of all of the funds solicited, and the case may also see a jury trial. This week news.Bitcoin.com spoke […]

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Belarus: Some Crypto Exchanges Will Be Required To Hand Over Customer Data, Report Says

Crypto exchanges based in Belarus’s High-Tech Park will need to provide customer data in the future, local sources report. A crypto-related decree in Belarus will be updated to require certain crypto exchanges to provide customer data to authorities, local news outlet Forklog reports today, May 1. Belarus’ Decree on the Development of Digital Economy is being revised to include a requirement for crypto exchanges based in the country’s High-Tech Park (HTP) to provide identifying data on their customers. According to sources at RIA Novosti, cited by Forklog, […]

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Ether Price Analysis: Bullish Signals Show Strength in Ether

Since bottoming in the mid $300s, ETH-USD has managed to almost double in price over the course of a month. The support at the bottom came from the top of the previous reaccumulation trading range shown below: Figure 1: ETHUSD, 12-Hour Candles, Previous Trading Range Whether this is nothing more than a brief respite in an overall downward trending market remains to be seen. There are several very bullish factors to consider:Figure 2: ETHUSD, Daily Candles, Macro Support We managed to break through the daily candles’ 50/200 […]

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Op Ed: The Emerging War for Talent in Cryptocurrency

Cryptocurrency and blockchain technology continue to disrupt the global marketplace; organizations that leverage these innovative technologies can expect to see an increase in regulatory intervention in 2018. As a result of the proliferation of blockchains and cryptocurrencies, the market is witnessing a fight for talent to fill leadership roles involved with driving adoption of, and compliance with, emerging relevant legislation. Several factors need to be considered by businesses and governments when fighting this latest battle in the war for talent, including the impact on today’s global labor […]

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