Author: BTC.com.ph

China mulls “Blockchain Day”-but frets over crypto speculation – Decrypt

China has fallen back in love with blockchain, with the China Communications Industry Association proposing that October 24 be immortalized as “Blockchain Day” to commemorate President Xi Jinping’s impassioned plea for the nation to “take the leading position” on the technology.

Binance to Open Beijing Office Amid China’s Renewed Blockchain Push – CoinDesk

Malta-based cryptocurrency exchange Binance is opening an office in Beijing, two sources with knowledge of the matter told CoinDesk. The new outpost will join Binance’s current mainland China office in Shanghai. It’s not clear what exactly the office will do or when it will open, but the move follows a slew of announcements from Chinese authorities, including President Xi Jinping outlining China’s new blockchain ambitions.

Bitcoin Fund to Be Listed on Canadian Major Stock Exchange

A Canadian investment fund manager 3iQ Corp has announced it received permission from the Ontario Securities Commission (OSC) regarding the listing of the Bitcoin Fund on a major Canadian stock exchange.

Bitcoins Worth $83M Moved Between Wallets for Only $1.64 – BeInCrypto

A major transfer has just occurred between two external wallets. 9,013 bitcoins ($83M) have been moved for just a fee of $1.64 as a whale presumably consolidates its funds. Whale Alerts (@whale_alert) has notified its followers on Twitter of a major Bitcoin (BTC) transfer that occurred earlier today.

Who says DEXs are slow and clumsy? IDEX is about to change the game

If you’re the sort of trader who likes to hold your own keys, you’ve probably heard of IDEX by now. The Ethereum-based decentralised exchange (DEX) allows users to trade ETH and ERC-20 tokens in real time straight from their Ledger or Trezor hardware wallet.

IDEX to launch its next-gen decentralized crypto exchange Q1 2020

IDEX, the popular hybrid decentralized cryptocurrency exchange platform, introduced today more details on the upcoming release of ‘IDEX 2.0.’ The new

Ethereum May Be Gearing Up for Bullish Movement as On-Chain Volume Declines

Ethereum (ETH) has been closely tracking Bitcoin’s price action over the past several days and weeks and was able to incur some bullish momentum this past Tuesday separate from Bitcoin, although this movement was short-lived and was closely followed by a retrace back towards its current price levels.

Crypto bank Sygnum wins a license in Singapore to offer asset management services in the country – The Block

Switzerland-based cryptocurrency bank Sygnum has received a capital markets services license in Singapore, allowing it to provide asset management services in the Asian country. Announcing the news on Thursday, Sygnum said the license has been awarded by the Monetary Authority of Singapore, the country’s central bank, and that its first product will be a multi-manager …

Over 200 German Banks push for crypto-based digital euro – Decrypt

An association of more than 200 German banks yesterday announced support for a “crypto-based digital euro.” In a paper, the Association said the currency’s creation would address the threats that cryptocurrencies pose to the existing monetary system. To accomplish this, the Association recommended the development of a “common pan-European payments platform,” that works together with regular money.

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Why It Took Bitcoin 11 Years to Become Globally Relevant – BeInCrypto

Today marks 11 years since Satoshi Nakamoto penned the Bitcoin white paper and thus spawned a $244 billion blockchain and cryptocurrency industry. However, it is surprising to note that Bitcoin, and indeed the underlying technology, has taken so long to reach this level of mainstream awareness.

Bitcoin Scam Outed by Regulators in Malta – BeInCrypto

The Malta Financial Services Authority has warned investors about yet another Bitcoin investment scam. The platform, Bitcoin Future, has been using images of local public figures to dupe its victims. Whilst Bitcoin’s borderless and censorship-resistant design creates immense possibilities for the future of finance, these features also make the cryptocurrency well-suited for scams. With tales of early investors realizing massive gains from “magic internet money” clouding their judgment, many people fall for the promises of similar returns from even modest investments.

What the Fork?: New IRS Guidance on Cryptocurrency Transactions May Confuse Taxpayers, but Makes Sense When Terminology is Translated

The Internal Revenue Service (“IRS”) recently issued guidance to help taxpayers properly report transactions involving cryptocurrencies and, in particular, hard forks and airdrops. This guidance is crucial to understanding the U.S. federal income tax treatment of these transactions, but accurately applying it requires an understanding and interpretation of existing law and how that shapes the “IRS’s” intent regarding these highly technical events.

Crypto Update: Market Suffers Blow As Altcoins Weigh | Hacked: Hacking Finance

The cryptocurrency segment had a rough session as even though the Fed delivered on its promise to cut its benchmark rate for the third time in a row, the major coins all declined despite yesterday’s rally attempt.

Ethereum (ETH) Could Crash Hard If It Plunges Below $180

Ethereum dominance (ETH.D) has declined below the key 38.2% fib extension level and has now entered a bear trend. We expect Ethereum dominance to decline sharply in the days and weeks ahead. The next level of support for Ethereum Dominance (ETH.D) is the 61.8% but long term it is likely to decline much lower.

Bitcoin Needs ‘Real Use Cases’ to Become Digital Gold, Says ICE Chief – CoinDesk

Bitcoin might become “digital gold,” but first it needs to be used more in everyday business, Intercontinental Exchange’s chief executive said. During a quarterly earnings call Thursday, ICE head Jeffrey Sprecher said that he sees use in transactions as the prerequisite to bitcoin becoming a long-term store of value.

Bitcoin $9,249.13 Litecoin $58.75 Ripple $0.2934. Cryptocurrencies price prediction – American Wrap

Bitcoin has been volatile over the past few weeks. 10K seems to be a tough nut to crack and is now a strong resistance zone. Since finding resistance just ahead of 10K the price it a low close to the current consolidation low of 8,920.00.

New Survey: Why Ripple’s XRP is Perfectly Positioned to Take over 80% of SWIFT’s Cross-Border Payments Market Share

The 2019 report by the Association for Financial Professionals (AFP) underwritten by JP Morgan revealed that more than 60% of survey respondents believe faster payments will have a positive impact on their organizations. While 37% are looking to stay current with new developments and aim for early adoption to reap early benefits, 24% plan to be aware of new developments to be better prepared.

Japan’s SBI Holdings to Use Ripple’s XRP On-Demand Liquidity For International Remittances

SBI Holdings, the Japanese banking giant, has recently published its latest report. In the document, the company talks about its strategies and reports its latest plans. One of them is to use Ripple’s XRP tokens for international remittances that will be made between Japan and the Southeast Asian region.

Stran Proposes Reverse Takeover of Long Blockchain Corp.

Andy Shape, co-founder and president of Stran Promotional Solutions (asi/337725), has clarified a previous report that the Quincy, MA-based distributor is merging with parent company Long Blockchain Corp. (LBCC). Although the two companies have still entered a nonbinding letter of intent, Shape says that Stran is proposing a reverse takeover of LBCC.

SEC Attempts to Halt Telegram’s Planned Token Distribution

On October 11, 2019, the SEC filed an emergency action to stop Telegram (Telegram Group Inc. and its wholly owned subsidiary TON Issuer Inc.) from continuing its offering of tokens. Telegram raised approximately $1.7 billion in early 2018 through the sale of its tokens, dubbed “Grams”, which it originally committed to deliver to purchasers from the sale by the end of this month.

Jack Dorsey Joins Coinlist’s $10 million Raise and Pushes Against Libra

Jack Dorsey, CEO of Twitter and Square Crypto, already has a bit of a history in the cryptocurrency industry. It’s been a few months since he had announced Square Crypto, the Square financial service initiative with a focus on Bitcoin. Dorsey isn’t satisfied with just a single venture into the crypto industry, however.

Decentralized Bitcoin exchange Bisq launches new protocol to deter scammers – Decrypt

The Bisq network has launched its latest platform iteration, and the upgrade this time around is a “big one,” according to its announcement earlier this week. The non-KYC, peer-to-peer, decentralized exchange has upgraded its multi-signature trade protocol and account reputation system, with the aim of reducing the trust required to safely use the exchange.

Bitcoin passes $1 billion milestone on cryptocurrency anniversary

Bitcoin has reached $1bn (£770m) in cumulative transaction fees, passing the major milestone on the eleventh anniversary of the world’s first cryptocurrency.

Twitter CEO, Jack Dorsey Gambles on Cryptocurrency – Finance and Funding – Altcoin Buzz

CEO of social media platform, Twitter, Jack Dorsey has made investments in the cryptocurrency company CoinList, supporting their initial coin offering (ICO). Jack Dorsey, a billionaire entrepreneur earlier launched Square Crypto, the crypto arm of the fintech giant Square. He is an ardent supporter of Bitcoin and believes it’s well-positioned to become the native currency of the internet.

Dealer Settles SEC, CFTC Actions Over Bitcoin-Funded Swaps – Law360

Law360 (October 31, 2019, 5:48 PM EDT) — A Switzerland-based securities dealer agreed to shell out over $230,000 to settle federal regulators’ claims that it sold unregistered security-based swaps to U.S. investors in return for bitcoin, according to two parallel actions filed Thursday. XBT Corp.

Bitcoin Mining Hardware Market Size, Demand and Growth Opportunities by 2019 to 2025: BIOSTAR, BitDragonfly, BitFury, DigBig

HTF MI broadcasted a new title “Global (United States, European Union and China) Bitcoin Mining Hardware Market Research Report 2019-2025” with 146 pages and in-depth assessment including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players such as Antminer, ASICrising GmbH,

Institutional Crypto Lender Genesis Capital: $870M in New Loan Originations in Q3 2019 | CryptoGlobe

Institutional crypto lender Genesis Capital, a subsidiary of Digital Currency Group and an affiliate of over the counter (OTC) crypto trading firm Genesis Global Trading, announced on Wednesday (October 30) that in Q3 2019 it added $870 million in new loan originations.

Crypto Futures Volume Is Now At 50% of Spot Trading Volume

Futures trading volumes creep up on spot trading in crypto, with futures now amounting to half of the value of more traditional buy-sell trades.

Ethereum-based DEX 0x (ZRX) is Voting for Next Major Protocol Upgrade

1/ The 0x v3 vote will commence on 11/4! 🗳️ A brief thread on the key features included in the v3 upgrade and how 0x is evolving into a community-owned liquidity API… 👀 https://t.co/tGkRGwtsvX – 0x (@0xProject) October 30, 2019 Created in 2017, Eth based Ox raised $24 million in the Initial Token Offering (ICO).

SEC’s Peirce calls for “safe harbor” for crypto entrepreneurs at SFBW – Decrypt

Who’s a bigger draw at San Francisco Blockchain Week: Don Tapscott, the co-founder of the Blockchain Research Institute and staple keynote speaker, or the disembodied head of a government regulator? The edge goes to Hester Peirce, SEC commissioner by day and Crypto Mom… at all times.

Users of decentralized exchange 0x will be able to vote on the next protocol upgrade | CryptoSlate

0x, a decentralized exchange protocol that enables token trading on the Ethereum network, announced that it has finalized plans for its next major update, that will be decided on by its users. All ZRX token holders will be able to cast their vote from Nov. 4 to Nov. 11, the company said.

https://www.bloomberg.com/news/articles/2019-10-31/crypto-firm-plans-singapore-reboot-after-bank-accounts-opened%3Fsrnd%3Dmarkets-vp

What’s the Scoop with Justin Bieber’s “Runs on Ripple” Share to 120 Million Instagram Followers?

XRP community is beyond ecstatic as signer Justin Bieber gives his 121 million followers on Instagram a glimpse of Ripple in his latest video. In this star-studded Instagram story, Bieber is seen running all over the globe.

Three major reasons Bitcoin is not a get-rich-quick scheme

Let’s be honest. Many people in this space aren’t here for the tech. Bitcoin has made a lot of people a lot of money (and others, well, there are winners and losers in this game). But while many no-coiners and even some Bitcoiners believe it’s all about the price, they’re missing the wider point.

Sita to launch single-token biometric system at Malaysian airports as data sharing startup Zamna raises $5M

Sita will introduce a single-token biometric system for the full airport traveller journey at Kuala Lumpur International Airport in collaboration with Malaysia Airports Holdings Bhd (MAHB), The Edge Markets reports. The system is part of the new Airports 4.0 initiative by MAHB, and uses facial biometrics to identify travelers at each touchpoint from booking to boarding.

Mt. Gox Extends Submission Deadline to 2020 | The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Coinlist.me

By Will Bartlett Mt. Gox has once again extended the deadline for submissions of claims against the failed exchange. March 31st, 2020 is the new deadline, which will mark 6 years from Mt. Gox shutting down. This is apparently due to what are being called “problematic requests for money”, a 5-month extension from the original submission deadline of October 25th, became necessary.

Bitcoin’s past accomplishments and future challenges

Oct. 31 marks the 11 th anniversary of the release of the famous bitcoin whitepaper. It is worthwhile to take stock of the first crypto-currency’s impressive achievements to date, while also warning of the future perils it faces. Bitcoin has defied the critics repeatedly, being declared “dead” many times over.

Anonymous Bitcoin Price Prediction Finally Poised to Fail – BeInCrypto

On January 21, 2019, an anonymous user made a series of future Bitcoin price predictions. Two have proven true, but the third is in danger.

European regulations will crush Binance, Kraken criminal exchanges – CoinGeek

2020 is shaping up to be a huge year in the world of Bitcoin. Not only will it be the year Bitcoin SV (BSV) returns to its original design with the Genesis upgrade, but the implementation of the EU Fifth Money Laundering Directive (5MLD) will bring sorely needed regulation to the cryptocurrency world.

Bitcoin evangelist: KYC huge hurdle for exchange during bull markets – AMBCrypto

Recently, Bitcoin evangelist, Pierre Rochard, made an appearance on Peter McCormack’s podcast, WhatBitcoinDid. According to Rochard, there is, and always has been, value accruing to conversion between fiat currencies and Bitcoin. “I think that it is only going to continue to increase, and more quickly than merchant adoption, because Bitcoin is going for the king.

More Chinese Bitcoin Miners Flock to Sichuan as Demand Soars – BeInCrypto

Despite the long-standing ban on Bitcoin trading, China continues to be a breeding ground for cryptocurrency mining operations – statistically speaking. As BeInCrypto has previously covered, Chinese Bitcoin miners dominate an estimated 65 percent of the total network hashrate – with others, including the United States and Russia, lagging far behind with roughly five percent and 10 percent, respectively.

Bitcoin Mining Firm Study Shows How Clueless People are About Money | NewsBTC

A study by Bitcoin mining firm Genesis Mining has shown that a startling number of US citizens have no idea about how their financial system works. A whopping 29 percent of respondents said they thought the US dollar is still backed entirely by gold.

https://cryptoticker.io/en/top-ripple-price-prediction

Smart Valor Swiss Cryptocurrency Exchange Offers Staking Rewards for Dash Users

Swiss cryptocurrency exchange Smart Valor has launched staking services for proof-of-stake and similar technology coins, offering Dash customers recurring rewards on their savings by contributing to a masternode thanks to a BitGo partnership. 🔥Today @smartvalorinc has become the first European exchange offering the integrated, compliant and secure #staking-as-a-service.

Agent says Evgeni Malkin hiring lawyer to investigate cryptocurrency report – TSN.ca

Pittsburgh Penguins centre Evgeni Malkin’s agent says the NHL star is hiring a lawyer in Russia to investigate how his name became linked to million-dollar losses at a cryptocurrency company in that country called Mark.Space. On Oct. 29, the website Sports.ru reported that Malkin invested $4 million in Mark.Space.

The Coinmate Exchange and Confirmo Payment Platform are Driving Cryptocurrency Adoption in Europe by Focusing on Speed, Security, and Service – CardRates.com

In a Nutshell: Cryptocurrency has the potential to solve financial inefficiencies by enabling direct exchanges across borders. But overcoming concerns about crypto’s complexity and volatility has turned out to be easier said than done. That is what the Coinmate exchange and the Confirmo payment platform set out to solve in the EU.

Harbor acquires transfer agent license from SEC to help security token issuers pay out dividends – The Block

Harbor, the firm that aims to be the “one-stop shop” for security token issuers, has inched closer to that goal after obtaining a transfer agent license from the Securities and Exchange Commission (SEC). Notified by the SEC on Thursday, the security token platform is now the first blockchain company to receive both a transfer agent …

Chi-X concerned ASX blockchain system presents unfair advantage – CoinGeek

The Australian Securities Exchange (ASX) believes it can better protect investors by switching to a blockchain-based solution. It is planning on making the transition and has already started to put the process in motion, but a competing exchange is crying foul.

How to Create a Successful Startup With Blockchain > CEOWORLD magazine

When 50 million users were affected by a hack last year, Facebook cemented its status as the face of big tech’s privacy problems. But the social media giant isn’t alone. Tech companies like Google, Amazon, and Uber are under similar scrutiny for their handling of user data, and the topic of information security is more relevant than ever.

Deutsche Telekom, Telefonica, Vodafone trial blockchain for roaming payments – Ledger Insights

Yesterday, settlement and clearing blockchain platform Clear released details of several trials conducted with Deutsche Telekom, Telefónica and Vodafone. The goal is to streamline commercial roaming processes between mobile operators. Calculating inter-carrier payments is a cumbersome task. Companies need to record minutes spent by a customer on a roaming network, reconcile the data with its …

Blockchain could vastly improve how goods move through customs at the border

A new study conducted by researchers from the University of Houston cite blockchain as a technological advancement that could greatly improve the way international goods are processed and tracked through customs. The researchers found that utilizing blockchain could tighten up security measures when it comes to goods passing through international borders.

German Banks Consider Blockchain-Based Currency Called “Digital Euro”

What problems await German banks along the way for creating the “Digital Euro”?

The Benefits of Blockchain for E-Commerce

As e-commerce traffic grows, and as more people begin shopping with cryptocurrency, retailers are seeking out ways to secure transactions and better enable the use of the new currencies. Some see blockchain as a solution to both of these challenges – and more.

Get Gephardt: Utah considering getting into blockchain technology

Imagine closing on a house without having to use a closing company, making a car payment without needing a bank to wire the money or sending a confidential document with 100% certainty a hacker couldn’t get their hands on it. KUTV. It’s all possible, say proponents of what’s called blockchain technology.

Litecoin Helps Miami Dolphins Increase Its Proceeds By 20% To $86,000 Per Game | UseTheBitcoin

Litecoin (LTC) has helped the Miami Dolphins increase their earnings from an average of $72,000 per game to $86,000. This represents an increase of almost 20% in just a few months. According to data by Aliant, there were 46 transactions at the last home game and most of them were made in Litecoin.

Cryptocurrency Scammers Target Litecoin Holders Through YouTube Live Stream * CryptoMode

Cryptocurrency scams are nothing new under the sun. Criminals become bolder and bolder in their approach of defrauding Bitcoin or altcoin holders. On YouTube, some streamers are trying to create live video feeds to “promote” giveaways tied to a specific currency. Anyone participating in such an event will lose their one very quickly, as is …

New IRS Guidance: How to Report Crypto Assets Accurately

Understanding the new IRS guidance for cryptocurrency.

Two Chinese crypto hardware firms have filed to go public in the US

Crypto hardware competitors Bitmain Technologies and Canaan Creative have filed to go public. The pair make application-specific integrated circuits (ASICs) that are typically used for crypto mining – the process of validating transactions and adding them to the blockchain.

US Lawmaker Crafting Bill to Boost Crypto Companies, Prevent SEC Overreach

US Representative Tom Emmer says he’s writing a bill designed to give crypto companies in the US regulatory certainty. The Republican from Minnesota first announced the bill while questioning Facebook CEO Mark Zuckerberg on October 23rd at a hearing on the company’s digital asset Libra.

Bitcoin and Ether Market Update: October 31, 2019 | BTCMANAGER

Total crypto market cap lost $7.5 billion of its value since Monday, October 28 and now stands at $244.8 billion. Top ten coins are all in red for the last 24 hours with Bitcoin SV (BSV) and TRON (TRX) being the worst performers with 4.6 and 4 percent of loses…

Crypto Mining Operations Licensed by FERC to Launch in 110-year Montana Power Plant, Old Rainbow

According to a Scribd report dated Oct. 24, the Federal Energy Regulatory Commission (FERC) granted a license of operations to California-based firm Susteen, to start a cryptocurrency mining in the establishment. The report states the building is to be preserved given the communities attachment to Old Rainbow with the mining equipment set to occupy only one section of the former powerhouse.

Crypto Mining Manufacturer Bitmain Files for IPO With the US SEC – AllStocks Network

News making rounds suggest that the China-based Bitcoin mining giant, Bitmain Technologies, has resolved to seek an initial public offering (IPO) from the United States Securities and Exchange Commission (SEC). The crypto community woke up to the news of the secret IPO listing with the SEC on October 30 after prior rumors.

Fundstrat’s Tom Lee: 99% of USD is Speculative, Why Discredit Bitcoin?

Bitcoin critics say that the cryptocurrency should never be regarded as a means of exchange because it’s mostly used for speculation. Fundstrat’s Thomas Lee disagrees with this statement, saying that most of the US dollars are used for speculation as well.

Geothermal and crypto-currency mining – how both can profit from each other

Crypto-mining and bitcoins have been a hot topic for a while. With the baseload capacity offered by geothermal, crypto-mining could be an interesting business for geothermal operators, and at the same time for crypto-mining activities. This article describes how.

SEC, CFTC Charge XBT Group With Selling Unregistered Swaps for Bitcoin – CoinDesk

U.S. regulators filed charges against XBT Corp. Thursday, alleging the company failed to register as a futures commission merchant (FCM). In simultaneous press releases, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) alleged that XBT, otherwise known as First Global Credit, sold security-based swaps for bitcoin without registering on a national exchange.

Russian Aluminum Plant Set to House Cryptocurrency Mining Farm

International economic sanctions have propelled many countries toward cryptocurrencies – from Venezuela to Iran. Now, U.S. sanctions imposed on one Russian company have paved the way for a cryptocurrency mining operation to take over a decidedly industrial facility. One such establishment is Rusal, an aluminum giant owned by Oleg Deripaska, an aide to Russian President Vladimir Putin.

Ripple continues winning strategy: Federal Bank of India and PagoFX

Ripple continues its leadership strategy in the world of financial technology. Such a Ripple strategy is justified, as well as truly working. More and more different structures use Ripple technologies, considering them reliable and interesting. Important events related both directly to the launch of technologies, and with the assumption regarding this.

Ripple Tool XRParrot Converts a Record $1.1 Million to XRP in Less than a Year

XRParrot has reached a milestone of moving €1 million (approx. US$ 1.11 million) and converting them to XRP on-ledger, shared Ramon Ramentol on Coil as confirmed by its creator Wietse Wind. Wind is a developer who also created the XRP Tip Bot and is behind the Xpring supported XRPL Labs.

Ripples XRP: volume is lower than EOS – still in the Top 3

Display Ripples XRP has had a grim year. The volume is about 1.6 billion dollars per day – a relatively poor result for a Top 3 Coin. The XRP volume is now even under the EOS, which is traded with 2.6 billion dollars per day. And yet the Asset remains at the top.

Tron Tops CCID Rankings, Bitcoin Eleventh – Asia Crypto Today

Just a few days after the country’s president, Xi Jinping, publicly embraced blockchain technology, China’s Center for Information and Industry Development (CCID) has released its latest crypto ranking report. CCID, which operates under the supervision of the country’s Ministry of Industry and Information Technology, is tasked with interfacing businesses with the government and watches over …

https://coinpedia.org/cryptocurrency-bulletin/binance-adds-ruble-support-in-partnership-with-advcash

To Risk or Not To Risk: Good Cryptocurrency Trading is Not Gambling

It is believed that only 10% of traders actually take profits and 90% are at risk of losing everything invested. This is also true on the cryptocurrency market. While only a few traders follow the market trends and try to make the most profitable bets, others prefer to gamble instead of trading.

Eight Must-Read Questions About Cryptocurrency Taxes – Crypto.IQ | Bitcoin and Investment News from Inside Experts You Can Trust

Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, but similar issues arise around the world. As always, check with a local tax professional to assess your own particular tax situation.

Facebook’s Cryptocurrency Initiative Is In Trouble – My TechDecisions

According to Ars Technica, six participants in the Libra Association, a group created by Facebook to develop virtual currency, withdrew earlier this month. Those participants, Strip, Visa, MasterCard, Mercado Pago, PayPal, and eBay, dropped out before the Libra Association held its first official meeting where participants made their “binding commitments.”

Your Essential Cryptocurrency Taxation Guide For 2019

The growing popularity of cryptocurrencies has undoubtedly shaken up the global financial system, with governments around the world wrestling in a variety of ways with the economic ramifications. One of the most important and obvious topics on the agenda is taxation, since states are inclined to collect what they believe they’re owed on earnings made in the cryptosphere.

What CPAs Should Know About Cryptocurrency and Money Laundering

Those with limited experience in the financial services sector may be unaware of the reporting requirements and risks. Stablecoins continue to capture headlines, most notably through Facebook’s announcement of Libra. At its core, a stablecoin is a digital representation of one unit of an existing, tangible asset.

A govt-backed digital legal tender?

The central government appointed a committee for evaluating the scope of cryptocurrency under the chairmanship of former finance secretary Subhash Chandra Garg. The committee in its report submitted in July 2019 denounced the usage of cryptocurrency for any kind of transaction unless it is recognized by the central government.

https://www.lexology.com/library/detail.aspx%3Fg%3D35699364-d7d1-47d1-af5f-8026bc892a76

Bitcoin whales fattens on small bitcoin holders – Peter Schiff

Large investors tend to earn money on price decreases at the expense of small holders. Bitcoin stays above $9,000, though the bearish pressure is growing. A famous financial expert and vocal bitcoin critic Peter Schiff think that large holders of cryptocurrency increase their digital wealth while small investors have to hold their coins in the hope that the price will grow in future.

Ripple and Ethereum Executives Pummel Libra | Live Bitcoin News

Libra has been a hot topic of debate lately, and now, executives of both Ripple and Ethereum are adding their thoughts to the mix. Libra is Facebook’s new stable cryptocurrency. Designed to be a global payment system, the currency can be utilized via social media to purchase goods and services.

Bitcoin is the best form of money ever seen: Litecoin’s Charlie Lee – AMBCrypto

Blockstream and BTSE recently co-hosted a meetup in Las Vegas, with the topic of discussion being Liquid sidechain. The event took place on 29 October on the sidelines of the Litecoin Summit, and hosted a panel of speakers that included Blockstream’s Samson Mow, Litecoin’s Charlie Lee, and popular Bitcoin proponent “WhalePanda.”

Litecoin Ichimoku Analysis (October 31st, 2019)

Multiple time-frame analysis of Litecoin using the Ichimoku Kinko Hyo system can provide useful short and long term price projections. Litecoin Weekly Ichimoku Chart Litecoin’s weekly Ichimoku chart shows inherent and robust bearish bias. The weekly Tenkan-Sen is below the Kijun-Sen with the Tenkan-Sen below the Kumo.

Litecoin technical analysis: LTC/USD capped by game-changing weekly resistance at $60

Litecoin price is trading in the green, with a gain of 1.30% the session on Thursday. LTC/USD weekly price action has been narrow for five trading weeks. Should the price fails to break $60, it could prove to be punishing. A major resistance barrier is eyed at $60, the bulls must break and close above this for greater gains.

Winklevoss Capital backs a crypto custody startup that lets users protect private keys via friends – The Block

Cryptocurrency custody startup Vault12 is offering a new way to protect private keys – by using friends and family as a recovery network. The solution, dubbed as the “personal cryptocurrency security solution,” uses a cryptographic technique called Hierarchical Threshold Shamir’s Secret Sharing to let “guardians” safeguard users’ private keys.

Small token of comfort by new Brentwood nonprofit makes big impact on children in foster care

CLOSE My Story My Bag launched by Cara Finger of Brentwood connects foster children with duffel bags to help restore their sense of self-worth and control.

Xi’s Throwaway Blockchain Quote is Sparking China’s Crypto Frenzy Again

Blockchain business begins to boom in China. Bitcoin runs off the back of blockchain adoption, creating a vast grey area in the country. Provinces all over China start to heed President Xi’s call to action. Thanks to a reinvigorated stance on blockchain from China’s Premier, Xi Jinping, China may be on the brink of an entirely new crypto craze.

A Guide to PAX Gold

Stablecoin issuer PAXOS recently introduced its first gold-backed cryptocurrency PAX Gold. In a press release published in September, the financial operator claimed that it’s “the first crypto-asset redeemable for physical gold.”According to the report, it is also the first regulated digital gold

Belgian Finance Watchdog Increases List of Suspected Crypto Scams to 131 – CoinDesk

Belgium’s financial sector regulator has issued a fresh warning over suspected cryptocurrency scam websites, bringing its running list to 131 domains. On Tuesday, the Financial Services and Markets Authority added 9 domains – including bitcoinmarketscap.com, bitcointraderspro.com, coinsmex.com, crypto-sfs.com, etc-markets.co, fisherih.com, ltc-markets.com, stsroyal.com and tdscapitalgroup.com – to the list of crypto trading platforms with “signs of fraud.”

Twitter CEO Jack Dorsey Backs Crypto Token Sales Platform $10 Million Round | CryptoGlobe

Jack Dorsey, the pro-bitcoin CEO of social media platform Twitter and of payments startup Square, has participated in CoinList’s $10 million funding round. The round involved other investors and was led by Polychain Capital. According to the Wall Street Journal CoinList, a crypto token sales platform, is planning to use the funds to launch a cryptocurrency exchange called CoinList Trade, a cryptocurrency wallet, and more.

China’s Crypto and ‘Petro-Yuan’ on Horizon as Biggest Countries Seek to Get Way from USD

As per analysts, several major countries are looking to avoid using USD in the future and here comes China with its DCEP coin and embracement of blockchain

Crypto Trading Platform Will Allow Users to Copy Established Traders

An established crypto trading platform is launching a new feature, enabling users to copy every trade made by its top traders.

Blockstack Will Pay Liquidity Provider GSR to Trade Its STX Token – CoinDesk

Blockstack, one of the first blockchain startups to have raised money in a Reg A+ offering, has hired GSR Markets to trade its “stacks” (STX) token. According to an Oct. 24 filing with the U.S. Securities and Exchange Commission (SEC), the blockchain startup will pay GSR for providing liquidity in markets outside of the U.S.

https://bitcoinist.com/latoken-cryptocurrency-exchange-defends-listing-of-spacex-ieo

Canada Pushes to Regulate Crypto Adoption, Forgoing Volatile BTC Past

Canada’s volatile history of mainstream adoption and fraud is directly impacting the future of cryptocurrency in the country.

US Edging Ahead of China and Europe in this Crypto Sector

While the United States might be losing ground to China in the blockchain technology race, and has slightly fewer players in the security token ecosystem than Europe, the world’s largest economy still dominates in a several security token-related areas, per the findings of a new study.

BankLine Announces Next-Gen Banking For Crypto

MIAMI, Oct. 31, 2019 /PRNewswire/ — BankLine, a Miami based service provider, works in partnership with a portfolio of Crypto-friendly banks, providing much…

Levolution Successfully Completed it’s First Token Burning Event | All News Stories

(AllNewsStories Editorial):- Grand Cayman, Oct 31, 2019 (Issuewire.com) – Levolution is happy to announce that the first token burning event was completed successfully. As a commitment to provide full transparency to participants the following link shows the transaction hash that confirms the LEVL Token burning.

Korean Presidential Committee Pushes to Legalize Crypto – Bitcoin News

A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change.

This Design Team is Using Legos, Stickers, and Playing Cards to Demystify Blockchain – Core77

What the Block received a Notable Design Education Initiative Award in the 2019 Core77 Design Awards. It’s not that designers Cyrus Clarke and John Ferreira were necessarily sick and tired of the inundation of requests they’d been receiving to explain what the heck Blockchain is. Rather, the requests made them curious.