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What Regulators Offered Cryptoverse in July: 22 Announcements
1.8.2019
Cryptoverse is still witnessing regulatory uncertainty that is forcing some companies to avoid countries with too many and too costly regulatory questions, including the U.S. However, while the regulators are bringing the “Wild West” days of crypto to their end, there are many battles to be fought...
Coin Race: Top 10 Winners/Losers of July
1.8.2019
July is another month that proves the high unpredictability of the market. We find most coins in red, but particularly interesting is that all top 10 coins are in red, including Bitcoin. The last time we've seen a similar situation with BTC in red was January this year.
Top 10 coins by market...
This is How Bitcoin Met its First Fed Rate Cut
1.8.2019
Source: iStock/Toshe_O
The first interest cut by the Federal Reserve (Fed), the U.S. central bank, in Bitcoin’s history was a bit more complex than the market estimated and opinions still vary on the impact of this event.
As many expected, yesterday, the Fed indeed cut its main interest rate...
Bitcoin and Altcoins Probing Key Resistances After Recovery
1.8.2019
In the past few sessions, there was a steady recovery in bitcoin and altcoins. BTC/USD broke a few important resistances near the USD 9,800 and USD 10,000 levels. However, the price struggled to surpass the next key resistance region near the USD 10,150 and USD 10,200 levels. Similarly, there...
This Airline Says Blockchain Ticketing Sales Hit USD 1m in July
1.8.2019
Source: Instagram, s7airlines
One of Russia’s biggest airlines, S7 Airlines, says that its blockchain-powered ticketing platform processed over USD 1 million worth of sales in July alone.
S7 said that it is also planning to expand the scope of its blockchain operations and sales network,...
Russian Lawyers Draw up Pro-Crypto Tax Plans
1.8.2019
An influential group of Russian lawyers has drawn up a system for cryptocurrency taxation that involves granting property rights to holders of “all tokens” – and will be sending its suggestions to the lawmakers and regulators.
Per media outlet Kommersant, the Association of Lawyers of Russia...
CryptoKitties Creators Enter NBA
31.7.2019
Dapper Labs, a blockchain company and creator of CryptoKitties, together with the National Basketball Association (NBA) and National Basketball Players Association (NBPA) is developing a new digital platform for basketball fans, NBA Top Shot.
According to the company, the platform will allow...
UK's Crypto Industry Gets Final Guidance on Cryptoassets
31.7.2019
The Financial Conduct Authority (FCA), a financial regulatory body in the United Kingdom, issued the Final Guidance on Cryptoassets today.
This Policy Statement is FCA’s response to Guidance on Cryptoassets Consultation Paper published in January this year, as it was reported. It summarizes...
Kraken Gets Access to Over 60 Institutions in New Deal This Year
31.7.2019
Jesse Powell, Kraken CEO. Source: a video screenshot, Youtube, Real Vision Finance
San Francisco-based major cryptocurency exchange Kraken said it acquired Interchange, a company that enables institutional investors to "better monitor and report their cryptocurrency holdings."
"The transaction...
Privacy-Focused Zcoin Rolls Out Zero-Knowledge Proof Protocol, Sigma
31.7.2019
Privacy coin Zcoin came out with Sigma, its live zero-knowledge proof (ZKP) protocol that includes financial privacy, but not a trusted setup.
Zcoin explained that it will be phasing out of the original Zerocoin protocol, while implementing Sigma, with the aim to tackle “a privacy coin...
Bitcoin Might be Tested by the First Fed Rate Cut Today
31.7.2019
An eagle carved in stone on the Federal Reserve building in Washington, D.C.
With Bitcoin about to experience the first interest cut by the Federal Reserve [the central bank in the U.S.] in its history today, some traders are watching closely for clues on how the bitcoin price might...
2,700 Indian Companies Stood Against Proposed Crypto Ban
31.7.2019
An association of Indian technology companies wants the government to rethink a potential ban on cryptocurrencies – and choose a path of regulation instead of a China-style blanket ban.
The National Association of Software and Services Companies (NASSCOM) said that a proposed ban...
Bitcoin and Altcoins Start Short Term Recovery
31.7.2019
Yesterday, we saw a few positive and recovery signs for bitcoin and altcoins. BTC/USD formed a support base near the USD 9,320 level and recently corrected higher. It is up around 2.5% and recently broke the key USD 9,500 resistance level. Similarly, there were bullish moves in ethereum, ripple...
‘Japanese Amazon’ Prepares for Big Crypto Push
31.7.2019
Hiroshi Mikitani. Source: a video screenshot, Youtube, RakutenOfficial
Japanese e-commerce platform Rakuten is gearing up for a flurry of cryptocurrency-related activities – expanding on the scope of a forthcoming token launch and lobbying Tokyo for legislative reform.
Per Japanese media outlet...
Former Brazilian Central Bank Chief Praises Bitcoin, Libra
30.7.2019
Gustavo Franco. Source: a video screenshot, Youtube, Canal UM BRASIL
The former governor of the Central Bank of Brazil has heaped praise on Bitcoin – and suggested that McDonalds and Starbucks follow suit with Facebook, and consider launching cryptocurrencies of their own.
In an editorial piece...
Senator Admits U.S. Can't Ban Bitcoin, Crypto Market Goes Up
30.7.2019
The crypto market corrected higher following a hearing entitled “Examining Regulatory Frameworks for Digital Currencies and Blockchain” at the U.S. Senate Banking, Housing, and Urban Affairs Committee today.
At pixel time (16:33 UTC), bitcoin trades at c. USD 9,697 and is up by 1% in the past...
Blockchain Launches Exchange & Trading Started on Eosfinex
30.7.2019
Peter Smith, CEO of Blockchain. Source: a video screenshot, Youtube, The Business of Fashion
At the time when the trading volume is down across the crypto market and industry players are increasingly talking about the imminent consolidation of crypto exchanges, new trading platforms are being...
What Three Bitcoin Metrics Show
30.7.2019
As bitcoin price is showing some early signs of a possible recovery, let’s take a look at three popular valuation metrics for bitcoin to better understand the current situation in the market.
NVT Ratio
The Network Value to Transactions (NVT) Ratio for Bitcoin is now at 77.4. This is within...
bitFlyer Launches New Trading Platform in Europe
30.7.2019
Source: iStock/Sergey_P
Cryptocurrency exchange bitFlyer Europe has announced today its new trading platform Buy/Sell that offers simplified trading in bitcoin.
According to the company, the new platform is meant for both beginners and experienced traders, though it aims to enable trading novices...
Square Crypto Remains 'Open' Despite Strong Focus on Bitcoin
30.7.2019
Square Crypto, the cryptocurrency-focused division of U.S.-based major payments company Square, is open to things that "complement Bitcoin," Steve Lee, the recently hired first member of the team, said during a Q&A session on Twitter on Monday.
He was responding to a question what does he think...