Monthly Archives: June 2018

What Do We Know About the CFTC Price Manipulation Probe

Nearly the whole of the crypto market is in the red as the CFTC launches a price manipulation probe. On June 8, it was reported that the U.S. Commodity Futures Trading Commission (CFTC) demanded extensive trading data from several cryptocurrency exchanges in order to investigate whether there has been price manipulation in the crypto market. Earlier, on May 24, Bloomberg reported that a criminal probe into Bitcoin (BTC) and Ethereum (ETH) price manipulation by crypto traders had been opened by the U.S. Department of Justice (DOJ) in […]

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Germany: Financial Experts Don’t See Crypto as an Everyday Payment Method by 2020

Most German finance experts don’t foresee crypto as a viable everyday payment method by 2020 Cryptocurrencies such as Bitcoin or Ethereum will not be accepted as a payment method in Germany in by 2020, according to a survey by the Center for European Economic Research (ZEW), Cointelegraph auf Deutsch reported June 14. As part of ZEW’s monthly financial market report, the research institute polled up to 300 experts from banks, insurance companies, and finance departments of selected large companies. ZEW polled experts on their assessment of whether […]

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Crypto Trading, Explained

This guide explores the basics of crypto trading, the rookie errors to avoid, and offers tips on the best places to store assets. What is crypto trading? This type of trading involves exchanging one cryptocurrency for another, buying and selling coins, and exchanging fiat money into crypto. It bears some similarities to foreign exchange (forex), where fiat currencies from across the globe are traded 24 hours a day. The number of cryptocurrencies has exploded in recent years – and estimates suggest there are now more than 1,500 […]

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Overstock Generates “Between $68,000 and $120,000” in Crypto Weekly

During a recent address to the Heritage Foundation in Washington, D.C, Jonathan Johnson, the former chairman and current member of the board for Overstock, sought to emphasize that payments in the form of bitcoin comprise a steadily growing source of revenue for the company. Also Read: Cryptocurrency Games Have Invaded the Most Popular App Stores Former Overstock Chair Detail’s Retailer’s Cryptocurrency Revenue Jonathan Johnson, the former chairman of Overstock, one of the first major companies to accept bitcoin as a means of payment, has detailed the revenues generated […]

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Bitcoin Price Analysis: Weak Rally Gives Bitcoin Second Chance at Support Test

Within minutes of rumors spreading regarding the SEC’s classification of both bitcoin and ether, the entire crypto market breathed a sigh of relief as everyone enjoyed a nice bounce. Prior to the news, bitcoin saw several days when buyers began to disappear from the market. After bottoming in the low $6,100s, the SEC news spread and a modest rally on relatively low volume ensued: Figure 1: BTC-USD, 1-Hour Candles, Weak Rally Although the move was sudden, the overall volume behind the move was poor. You can see […]

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Jeff Garzik on His Newest Venture and Keeping Time With an Evolving Space

Jeff Garzik first tuned the world into his latest venture in the fall of 2017. The Bloq co-founder unveiled Metronome (MET), a cryptocurrency he founded alongside Matthew Roszak, at the Las Vegas Money 20/20 conference in late October, and the project caught the attention of Bloomberg and Fortune at the time. What makes Metronome interesting is that it promises its users cross-chain portability. It also purports to offer a consistent rate of inflation and “no undue influence from founders after launch.” These three promises — Metronome’s mantra […]

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CBOE President: SEC Decision That Ethereum Is Not a Security Paves Way for ETH Futures

CBOE president says that SEC’s announcement that Ethereum is not a security “clears a major stumbling block” for listing ETH futures. CBOE Global Markets president Chris Concannon said that Ethereum (ETH) futures, which the company has been “considering” since December 2017, could soon be offered, Bloomberg reported Thursday, June 14. Concannon’s comment follows the news that a senior U.S. Securities and Exchange Commission (SEC) official stated that leading altcoin Ethereum will not be regulated as a security. CBOE’s president said that the SEC’s stance could mean that […]

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‘Bitcoin Just Keeps Coming Back,’ Says Robinhood CEO on the Future of Crypto

Co-founder and co-CEO of Robinhood, Baiju Bhatt, said in an interview today that Bitcoin “keeps coming back” and will stick around for a long time. Baiju Bhatt, the co-founder and co-CEO of crypto and stock trading app Robinhood, spoke to Yahoo! Finance today, June 15, on why he sees cryptocurrencies as hardy enough to stick around for a long time. Bhatt, who noted that he and business partner Vladimir Tenev had been mining Bitcoin (BTC) as early as 2011, said in an interview that Robinhood was prompted […]

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Australia: Experts Say Tax Office on ‘Warpath’ Against Crypto Investors

The Australian Taxation Authority will be paying special attention to the tax obligations for cryptocurrency investors, experts say Australian tax experts have confirmed that the Australian Taxation Office (ATO) is cracking down on cryptocurrency investors this year, local news outlet The New Daily reports Friday, June 15. The ATO had said in early March that they would be using a combination of data matching and “100-point identification checks” to find crypto investors this tax season, as well as utilizing bilateral tax treaties and AML agreements to identify […]

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Study Reveals ASIC Miners Represent 30% of the Equihash Mining Hashrate

This week the Zcash Foundation and researchers from the University of Luxembourg have released a study that finds the presence of ASIC and FPGA miners may be controlling around 30 percent of the overall Equihash mining hashrate. The study speaks volumes to cryptocurrency developers and communities who have attempted to produce proof-of-work mechanisms that were meant to provide ASIC resistance.     Also Read: Get Them While You Can Gamers, Graphics Cards Prices Have Crashed As of May 2018, Roughly 30% of the Equihash Mining Algorithm is Likely Mined […]

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