South Korea Reveals Plan to Tax ICOs and Cryptocurrencies
The Finance Ministry of the South Korean government announced a plan to tax initial coin offerings and digital currencies in accordance with the creation of the taxation infrastructure and international trends. South Korea Closer to Legalize and Tax Crypto Fundraisers as New Government Takes Over Hong Nam-ki, Minister of Economy and Finance and Deputy Prime […]
Big Predictions for 2019: Bitcoin Heading for New All Time High
Price predictions for Bitcoin and cryptocurrencies can always be met with some degree of skepticism. A market correction was expected last year but very few predicted that Bitcoin would lose over 80% in 2018. Weiss Ratings has just released their predictions for the coming year and they are extremely bullish. Starting out with the fact […]
Happy Tenth Birthday, Bitcoin: BitMEX, Crypto Community Celebrate
In late-October, NewsBTC reported that Bitcoin turned ten. While this was factually accurate, the world’s first cryptocurrency turns a decade-old yet again on January 3rd, as Satoshi Nakamoto processed the first official block on this exact day, only ten years ago. This industry occurrence didn’t go unnoticed, as crypto enthusiasts en bloc(k) have taken to Twitter, […]
Crypto Markets Rise After Period of Stability, Ethereum Leads Market Surge
Following a several day period of relative stability in the cryptocurrency markets, Bitcoin has now risen nearly 4%, which is leading the overall crypto markets to surge. Today’s positive price move is being led by Ethereum, which is currently trading up well over 10%. Today’s move marks the first market surge of 2019, although Bitcoin […]
Crypto Markets Recover Slightly After Yesterday’s Drop, Equities Market Trades Flat
The traditional equities market, which has seen increased volatility over the past several weeks, is currently trading flat and one prominent investor believes further instability could be right around the corner. Crypto Markets Trade Up After Yesterday’s Drop Yesterday, Bitcoin dropped from the $3,800 region to lows of $3,645, from which it has since recovered. At the […]
Bitcoin Acceptance: The Changing Face of Mainstream Media Coverage
In the decade of its existence, Bitcoin has been portrayed in the mainstream media in a number of radically different lights. In its earliest days, of course, it had no media presence whatsoever. As more people became interested in the potentially revolutionary properties of the financial technology, however, Bitcoin hit the news as a law […]
Bitcoin Falls as Technical Indicators Point to More Pain in 2019
Bitcoin is turning negative again. And the technicals aren’t looking too good either going into 2019. The largest cryptocurrency slumped as much as 5.9 percent to $3,668.09 on Wednesday, approaching the more than one-year low of $3,522.58 reached on Nov. 26. After a few days of relative stability, volatility has increased again in the wake […]
Digital Currency Exchange HBUS to Launch a Billboard Campaign In The U.S.
HBUS, the exclusive U.S. partner of Huobi, the world’s leading digital asset solutions provider, today announced the unveiling of their “Evolved Crypto Trading” billboard campaign. The billboard is located on the busy San Francisco corridor of 3rd Street, between Mission Street and Market Street in downtown San Francisco. As part of the campaign, HBUS will […]
Coinbase Launches Trading Desk For Institutional Investors
OTC, or over-the-counter, trading occurs between two parties directly ー as opposed to over an exchange ー typically between an investment bank and its clients. “We launched our OTC business as a complement to our exchange business because we found a lot of institutions were using OTC as an on-ramp for crypto trading,” said Christine […]
Mike Novogratz’s Crypto Trading Desk Lost $136 Million in Nine Months
The bad year for traders at Mike Novogratz’s cryptocurrency merchant bank got even worse in the third quarter — and that was before the market fell out of bed this month. Net realized and unrealized losses on digital assets at Galaxy Digital Holdings LP’s trading operation totaled about $41 million in the third quarter, bringing […]
MV Index Solutions Launches Bitcoin US OTC Spot Index
MV Index Solutions today launched the MVIS Bitcoin US OTC Spot Index (MVBTCO), which is the first bitcoin index based on U.S. price feeds from established OTC digital asset trading operations. The index shows the spot price of bitcoin by tracking its performance based on three of the leading providers in OTC liquidity, including Circle […]
Man Sent Letter Bomb to Bitcoin Firm ‘Over Password Reset’
A man has been jailed for sending a “potentially lethal homemade bomb” to a Bitcoin firm in London – after it refused to reset his password for him. The Met Police, which investigated the case, said detectives could “only identify one possible reason” for the Swedish national’s actions. He had emailed the company, Cryptopay, in […]
Ticketmaster Acquires Blockchain Ticketing Solution Upgraded
Ticketmaster, the global leader in ticketing software and services, announced today that it acquired Upgraded, a blockchain technology company servicing the live events industry. Upgraded converts traditional tickets into secure interactive digital assets protected by blockchain, providing event creators with more control and visibility over ticket distribution, and protecting fans against fraudulent tickets. The acquisition […]
Iranian Bitcoin Transactions Estimated at $3.8M Since 2013
The U.S. organization, known as Fincen, issued the warning in an advisory to assist U.S. banks and other financial actors such as cryptocurrency exchanges in identifying “potentially illicit transactions related to the Islamic Republic of Iran.” The document includes a lengthy section relating to crypto, as well as an estimate that “since 2013, Iran’s use […]
Bitcoin Price Could Crash to $100
There’s something about a prolonged cryptocurrency market downturn that leaves bears jockeying to be the one to twist the final knife in bitcoin’s battle-scarred back. The latest jab comes from Marek Paciorkowski, a financial market analyst at Polish forex platform Aforti Exchange S.A. Speaking in an interview with Romanian financial publication Business Review, Paciorkowski speculated […]
Bank of America Charges Clients 6000 Times More in Fees Than Bitcoin
While Bitcoin critics claim the cryptocurrency is too expensive to use for transactions, data from Bank of America (BoA) shows traditional fiat transfers cost 6000 times as much. BoA, along with other domestic US institutions, makes use of the Federal Reserve’s money transfer network FedWire, which charges them a maximum of 83 cents to process […]
Robinhood App Accused of Selling Out Younger Investors
Journalist Logan Kane of Seeking Alpha conducted a deep dive on the practices of popular stock and cryptocurrency trading smartphone application Robinhood. According to Mr. Kane, “it seems that today’s Robinhood takes from the millennial and gives to the high-frequency trader. Not only does Robinhood accept payment for order flow, but on a back-of-the-envelope calculation, […]
Blockchain Will Be “Meaningless” Unless It Helps Build Greener Future
Jack Ma, the founder of Chinese e-commerce giant Alibaba, has said that blockchain and other advanced technologies still need to prove they can help evolve society in a “greener and more inclusive” direction. His remarks came as part of a keynote delivered at the World Artificial Intelligence Conference in China September 17, as local outlet […]
Your Crypto-Weary Soul
If bear markets terrify you, take some advice from an experienced economic researcher and editor at Forbes who bought Bitcoin for $14. Things are far more serious when you’re charged for Bitcoin’s price oscillations: You think you have been through hard times with crypto this year? Let me tell you a few stories. To set […]
The Proposal of Establishing the Bitcoin Cash Standard Organization
On August 31 the CEO of the firm Viabtc, Haipo Yang, published a blog post proposing the establishment of a standardization organization like the World Wide Web’s W3C consortium. Haipo Yang wants to start a similar group called the Bitcoin Cash Standard Organization (BCSO) in order to create standards and achieve better transparency when it […]