Monthly Archives: May 2018

Bitcoin Price Struggles After Blockchain Week, Possible New Regulatory Pressure

Bitcoin is struggling following Blockchain Week and increased regulatory concerns, all other major tokens also in the red. Cryptocurrencies continue to slow down today as all major coins are in the red on Tuesday. Bitcoin (BTC) is struggling for gains above $8,500 following concerns over increased regulation according to Naeem Aslam, chief market analyst at Think Markets: “The recent selloff has come from the news out of China that the ICO [initial coin offering] market is still very active and there are fears that China will further […]

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CFTC Publishes Advisory On Listing Cryptocurrency Derivatives

The United States Commodity Futures Trading Commission (CFTC) has issued an advisory for exchanges and clearinghouses providing guidance pertaining to the assessment and listing of cryptocurrency derivatives. Also Read: Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global Politics CFTC Issues Advisory Regarding Cryptocurrency Derivatives The CFTC’s Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR) have issued a “joint staff advisory that gives exchanges and clearinghouses registered with the CFTC guidance for listing virtual currency derivative products.” In addition to providing guidance regarding “listing […]

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Chinese Inventions: Gunpowder, Paper And AChain

sponsored A strange story of a blockchain project that does what it promised, delivers on its roadmap, has a working product, yet is nearly unknown. Remember the famous opening scene from “Saving Private Ryan” – where wave after wave of landing allied troops were cut down by machine gun fire? Did you ever realize that the average blockchain project stands a worse chance of survival than an Allies infantryman on Omaha Beach? According to official data published by the White House, of the 24,000 soldiers who participated […]

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CNBC Shows Bitcoin Cash (BCH) Love, Predicts Mooning

CNBC’s Fast Money hosts and panel were on the defensive during a recent broadcast, as some viewers accused the network of shilling for bitcoin cash (BCH). And, truth be told, CNBC has been showing the decentralized cryptocurrency an inordinate amount of love lately. A segment by a popular analyst, where he forecasts even bigger things for BCH, only added fuel to some trolls’ fire. Chairman Mow is not amused. Also read: Roger Ver and Ryan X. Charles Reveal the Future of Cash CNBC Predicts Bitcoin Cash to […]

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CFTC Publishes New Advisory to Clarify Crypto Futures Trading

The Commodity Futures Trading Commission (CFTC) — the United States’ top-ranking derivatives regulator — has published an advisory providing further guidance to both clearinghouses and exchanges seeking to list cryptocurrencies on their platforms. The cryptocurrency space has been riddled with concerns about the vetting process for contracts, like bitcoin futures, and the CFTC is looking to clear the air. Staff members have issued the following statement: “Commodity Futures Trading Commission (“CFTC” or “Commission”) staff believes it is important to encourage innovation and growth in these products, but […]

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Russian State Duma Almost Unanimously Approves First Reading of Crypto Industry Bill

Russian laws determining cryptocurrency to be digital property have passed their first parliamentary reading, with just one deputy voting against them. Russia’s parliament the State Duma approved the first reading of new laws regulating the crypto industry Tuesday, May 22. The laws define cryptocurrencies and tokens as property, and lay out specifications for interacting with crypto and blockchain-related technologies.   The bill, “On Digital Financial Assets,” which has been under consideration since last year with a final deadline due July 1, deals with cryptocurrencies, as well as blockchain-related […]

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Taiwan: Legislators Launch Parliamentary Blockchain Alliance to Promote Industry Growth

Taiwanese legislators have launched a parliamentary blockchain alliance that aims to achieve cross-party consensus on regulating the emerging sector. Taiwanese legislators have formed a parliamentary blockchain group to promote the development of the industry, according to a Facebook announcement by MP and legislator Jason Hsu Yu-Jen today, May 22. The new Taiwan Parliamentary Coalition for Blockchain (TPCB), headed by Hsu, hopes to achieve cross-party consensus among Taiwanese politicians to decide on a clear, “friendly” and robust regulatory framework for the blockchain sector and cryptocurrencies. A joint founding […]

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Verge Cryptocurrency Suffers Its Second Hack in Less Than Two Months

Cryptocurrency Verge has suffered what executives are claiming is a DDoS attack. The platform is experiencing a serious delay in its blockchain, which has led to security concerns amongst users and worries about the currency’s stability. At press time, Verge is trading for roughly $0.052, and its market cap value sits at $785 million. A decrease in the currency’s price has occurred over the last hour, docking Verge down by 0.36 percent, while the coin has fallen by nearly 7 percent over the last 24 hours. Currently, […]

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70+ Investigations: 40 Regulators Crack Down on Suspicious Crypto Schemes

Forty regulators in the US and Canada are reportedly collaborating in the largest coordinated crackdown on cryptocurrency scams to date by state and provincial officials. The operation has triggered over 70 investigations so far, with 35 cases completed or pending. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Mass Crackdown The North American Securities Administrators Association (NASAA) said Monday that US and Canadian securities regulators have launched nationwide investigations on suspicious cryptocurrency investment schemes, the Washington Post reported. This is “the largest coordinated crackdown to date […]

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Merchants Will Soon Be Able to Accept Lightning Payments Through CoinGate

CoinGate, a payment gateway for cryptocurrencies, is planning to launch Bitcoin Lightning Network payments on its platform. As explained in an update published by the company on Reddit, the company is currently testing the technology, and users are invited to join in the tests. The Lithuanian company serves over 4,000 merchants globally by allowing them to accept bitcoin and altcoin payments which can then be converted into BTC, EUR or USD as payouts. Utilizing the Lightning Network, merchants could accept payments instantaneously at reduced transaction fees. CoinGate […]

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