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XBTO International Acquires License in Bermuda
30.7.2019
XBTO International, more commonly referred to as XBTOI, has now successfully received legal status in Bermuda. The global cryptocurrency finance company, XBTOI, has been granted a license by the BMA (Bermuda Monetary Authority) under the 2018 Digital Asset Business Act of the island, as per...
Aegis Custody Gets Trust Company License in Hong Kong
29.7.2019
Aegis Custody Company Limited, widely referred to as Aegis Custody, has received a coveted license as the Trust Company for their business of digital asset custody. The license has been permitted by the Hong Kong Companies Registry of Trust and Company Services Providers. The company made...
Calls Intensify for Indian Government to Regulate Cryptocurrency
29.7.2019
Since the Indian government unveiled a draft bill to ban cryptocurrency, the crypto community has ramped up its efforts to influence the government’s final decision. The community has plans to reach out to parliament members to show them how flawed the crypto recommendations the government...
Ripple Execs Urge Congress to Recognize Differences of Crypto Assets
29.7.2019
In an open letter to the U.S. Congress, Ripple executives urged the lawmakers to support crypto regulation that does not disadvantage U.S. companies and does not paint crypto assets with "a broad brush."
"We urge you to support regulation that classifies digital currencies in a way that...
Market Outlook: Crypto Prices Consolidate as Economic Uncertainty Looms
28.7.2019
Digital currency markets have been meandering sideways for a few days as most of the top crypto prices have been consolidating. Some traders believe there will be a big bullish rise after the current slump, while others think crypto prices may sink even lower. Amidst the crypto market uncertainty...
Five of the Most Important Use Cases for Cryptocurrency
28.7.2019
Crypto assets have come a long way since Bitcoin. What started out as a P2P payment system has spawned an array of use cases that extend far beyond the original designation of cryptocurrency. While the primary function of crypto assets such as ETH and BTC is a matter of some debate, what’s...
Btc.top CEO Highlights the Benefits and ‘Golden Mean’ of Bitcoin Cash
27.7.2019
On July 23, the CEO of Btc.top, Jiang Zhuoer, debated Nchain’s chief scientist Craig Wright in regard to the civil war between BCH and BSV that took place in November. Amid the debate hosted by Bitkan, Zhuoer highlighted the top three advantages tied to the Bitcoin Cash ecosystem. During...
IOST Platform Partnerships With Prophet and Infinito Wallet To Boost Growth
27.7.2019
IOST platform has been on a conquering mission ever since its launch earlier in March this year. The platform has had cracking several partnerships and collaborations across the crypto industry to push its development. Recently, the network has partnered with decentralized finance platform called...
10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS
27.7.2019
On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August....
Huobi Receives Digital Asset Trading License From Finance Ministry of Thailand
26.7.2019
Crypto enthusiasts in Thailand have a reason to rejoice. According to the latest reports, Huobi has now been granted the Digital Asset Trading License by the Finance Ministry of Thailand. The license has been given to the Thailand subsidiary of Huobi, called the Huobi Thailand, making it only...
Indian Government Official Resigns After Drafting ‘Flawed’ Crypto Bill
26.7.2019
The Indian government official who headed the committee which drafted the bill to ban cryptocurrencies has resigned after releasing the report and draft bill which the crypto community calls “flawed.” Meanwhile, the government has confirmed that cryptocurrency is currently...
Firm That Monitors Coinbase’s Stablecoin Audited Over $10 Billion in Client Assets
26.7.2019
Grant Thornton audited more than $10 billion spread over 40 cryptocurrencies in more than 100 million addresses
PR: CoinLoan Welcomes Bitcoin Cash to Their List of Collateral Currencies
25.7.2019
CoinLoan is among the first to offer loans secured by Bitcoin Cash
As we mentioned in our previous updates, new assets are about to join CoinLoan’s list of cryptocurrencies soon. CoinLoan keeps its promises, and today, we pride ourselves on adding a new collateral currency to the CoinLoan platform...
Indian Supreme Court Sets New Date to Hear Crypto Case
24.7.2019
The Indian supreme court has set a new date to hear the crypto case that was originally scheduled to be heard on July 23. The court is expected to address the writ petitions against the RBI banking restriction as well as the government’s report and the recently released draft crypto bill....
Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing
23.7.2019
The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction. The report...
Crypto Bullishness Spreads on Capitol Hill
21.7.2019
U.S. Congress has shown that it is starting to care about cryptocurrency as a number of lawmakers spoke up in favor of it this week. “The world Satoshi Nakamoto had envisioned is an unstoppable force” and “there’s no capacity to kill bitcoin” are some of the comments...
G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra
20.7.2019
G7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation. Also read: G20 Leaders Issue...
7 Unorthodox Ways to Mine Bitcoin
20.7.2019
Bitcoin isn’t crazy – in fact it might just be the soundest monetary system this generation has ever known. Some of the techniques miners have devised to extract it, however, are extremely unorthodox, ranging from the ingenious to the downright crazy. Here are seven of the strangest...
Market Outlook: Crypto Bulls Rally After Bearish Downturn
18.7.2019
Since July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic on where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend. BTC and a slew of other...
Bitcoin and Pot Stocks: The Two Most Profitable Assets of 2019
18.7.2019
Marijuana is the dried flower of the naturally occurring cannabis plant, that’s existed on the planet for thousands of years and has been widely used through history by various cultures. The first-ever recorded use of the plant for medical reasons dates back to 2,737 BC in China when Emperor Shen...