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Bitcoin ETF Still Far Away, VanEck CEO Says
23.1.2020
Jan van Eck, CEO of Van Eck Associates. Source: a video screenshot, Youtube, Bloomberg
A bitcoin-backed exchange-traded fund (ETF) may not come as soon as many crypto fans hope, at least if we are to believe the CEO of one of the largest ETF providers in the U.S., VanEck Associates.
“I agree with...
Considering Stealing Bitcoin? These Two Suspects Wouldn't Recommend it
23.1.2020
Crypto thieves just got another proof that they're not immune from being caught, as the Japanese police have arrested two men suspected of stealing about JPY 78 million (USD 700,000) in bitcoin (BTC) from an account on CoinExchange, a now-defunct cryptocurrency exchange, in October 2018.
The Tokyo...
Indian Supreme Court Warms Up to Crypto – RBI’s Arguments Not Convincing
23.1.2020
India’s supreme court heard the crypto case on Thursday, starting with the arguments by the counsel for the Reserve Bank of India (RBI). After pointing out that the RBI ban only hurts crypto businesses but does not stop crypto trading, the court explained that “being an honest...
Peter Shiff's 'Lost' Bitcoin 'Mystery is Solved'!
23.1.2020
Peter Schiff. Source: a video screenshot, Youtube, Peter Schiff
An outspoken Bitcoin critic who recently rage-quit crypto has been forced into an embarrassing u-turn – after mixing up his wallet PIN with his password.
Peter Schiff, the CEO of Euro Pacific Capital and one of the most prominent...
More BS on Lightning: Blockstream Pours Liquid on Thick
23.1.2020
Blockstream reps have long been pushing for full implementation of the perpetually-delayed Lightning Network as the main solution for BTC scalability. With the recent announcement of “federated sidechain” Liquid’s integration with Btcpay, however, the tune seems to have changed....
Bitcoin and Altcoins Bulls Struggle to Gain Strength
23.1.2020
After a minor upward move, bitcoin price failed to gain strength above the USD 8,800 area. It seems like the USD 8,850 resistance played well, resulting in a bearish reaction in BTC/USD. There was a break below USD 8,650 and the price even spiked below USD 8,550.
Similarly, most major altcoins...
Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies
23.1.2020
In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail...
Polkadot Will Finally Launch This Year – But Is the Multi-Chain Network too Late to Catch Ethereum?
23.1.2020
Remember Polkadot? It’s the multi-chain network that raised $145 million in 2017 and hasn’t been seen since. But unlike many of the blockchain projects from that era, Polkadot hasn’t taken the money and run. Its team, led by Ethereum founder Gavin Wood, has been beavering away...
Bitcoin Cash Miners Plan $6M Development Fund by Leveraging Block Rewards
22.1.2020
A group of Bitcoin Cash mining pool operations have decided to help fund BCH infrastructure development. On January 22, Btc.top founder Jiang Zhuoer revealed that five mining pools are preparing a short-term developers donation plan. Miners from Btc.top, Bitcoin.com, Viabtc, Antpool, and Btc.com...
Demand for Crypto Derivatives Swells as CME’s Bitcoin Volume Rises
22.1.2020
The global markets company Chicago Mercantile Exchange (CME) has seen considerable demand since launching its options contracts in the wake of the firm’s bitcoin futures. On the first day of swaps, CME’s bitcoin options saw 55 contracts ($2.3 million). By the end of the week,...
6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail
22.1.2020
Former bank employees have received bonuses worth millions of euros in an illegal trading scheme that also involved a tax lawyer, prosecutors in Frankfurt revealed this week. The case is part of multiple investigations carried out across Germany, the hardest hit country in a notorious tax fraud...
This Bitcoin Price Cycle to Be Longer, Expect Moderate Gains Near-Term
22.1.2020
Bitcoin (BTC) may have already entered the fourth bullish price cycle in its history, with each cycle longer than the previous one. If true, only moderate price gains should be expected in the near-term, as the strongest gains are typically seen towards the end of the cycle, a new report from...
Crypto vs RBI: Exchange Counsel and RBI Take Center Stage at Supreme Court Today
22.1.2020
India’s supreme court spent all day on Wednesday hearing extensive arguments from both the counsel representing crypto exchanges and the central bank, the Reserve Bank of India (RBI). The counsel for the central bank confirmed again that cryptocurrency is not banned in India, but still...
Bitcoin and Altcoins Might be Gearing For Another Lift-Off
22.1.2020
After testing the USD 8,550 support, bitcoin price started a decent increase. BTC/USD traded above USD 8,650 and USD 8,700, but it must climb above the USD 8,850 resistance level to continue higher. The next key hurdles are near USD 9,150 and USD 9,250.
Similarly, most major altcoins are slowly...
Vodafone Becomes 8th Company to Exit Libra Association
22.1.2020
After a spate of big names parting ways with the Libra Association late last year such as Paypal, Visa, Mastercard, and Ebay, British telecommunications giant Vodafone has become the latest to bid the ambitious digital asset project farewell. While Vodafone’s statement notes it does not rule...
Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange
22.1.2020
A new presidential decree in Uzbekistan envisages the introduction of tax exemptions for income obtained from operations involving crypto assets. The draft document published recently also incorporates proposals for the establishment of a blockchain valley and licensing regime for cryptocurrency...
Bitcoin Cash Sees Mining Pool Shift and Hashrate Surpass 4 Exahash
22.1.2020
While people have watched the BTC network surpass 100 exahash per second (EH/s), Bitcoin Cash (BCH) has been steadily gathering hashrate as well. Since the November 15, 2018 blockchain split, which produced the Bitcoin SV (BSV) chain, BCH hashrate has jumped by more than 3x. Bitcoin cash is often...
Why User Experience Is Crypto’s True ‘Killer App’
21.1.2020
There’s been a lot of buzz in the space recently about the importance of user experience. Kim Dotcom’s proclamation that “Mass utility is going to lead to mass adoption,” speaks to this. Peter Schiff’s bitcoin wallet fiasco, CZ’s claim that centralized exchanges...
UK Tax Agency to Pay $100K for Blockchain Surveillance Software
21.1.2020
On January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software...
RBI Confirms Crypto Not Banned in India
21.1.2020
The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in...