Tag: BTC

Cryptocurrency trading advisory and digital assets management firm, Altonomy has officially launched its sell-side Over-the-Counter (OTC) cryptocurrency trading desk, and its blockchain-based virtual currency index fund called the Altonomy Taurus Index Fund to make it easier for institutional investors to own cryptocurrencies, according to a Finance Magnates report on September 18, 2018. Introducing Cryptos to Institutional Investors Per sources close…

READ MORE

It has not been a good year for cryptocurrency mining manufacturing giant Bitmain, as the company is suffering from inventory losses, a lack of new manufacturing and the dwindling crypto mining market, a Bloomberg report on 18 September 2018, revealed. Bitmain Forgot the Rule for Selling Shovels The world’s largest cryptocurrency mining rig maker is facing a tough year, as…

READ MORE

Stripe, the San Francisco based company that became the first major online payments platform to accept Bitcoin has ditched the token due to its high volatility. However, its co-founder John Collison still sees future for cryptocurrencies, Recode reported on September 17. Giving up on Bitcoin For years, Stripe has been synonymous in the startup world with online payments. But it…

READ MORE

A GitHub report opened on September 17, 2018, revealed a recent bug in the Bitcoin Core versions 0.14.0 to 0.16.2. The exploit threatened to crash Bitcoin Core if the most recent version wasn’t updated. The anonymous reporter reached out to developers of the pioneer cryptocurrency with their findings, after which Anthony Towns, Hennadii Stepanov, Matt Corallo, Suhas Daftuar, Thomas Kerin,…

READ MORE

Stablecoins have been praised as the solution to crypto’s volatility problem with the potential to revolutionize crypto trading and expand crypto adoption by making cryptos more attractive to merchants due to reduced price risk. The Winklevoss Twins recently launched the Gemini Dollar, touting it as the world’s first fully regulated stablecoin that will change the crypto market. A deep dive…

READ MORE

Over the past few years, several factions have developed in the global cryptocurrency community who “battle” each other on social media platforms such as Twitter and Reddit to determine supremacy of their favored project(s). Rarely a day goes by where someone in the community is not having “Twitter beef” with someone, and this trend is unlikely to stop anytime soon…

READ MORE

After a turbulent mid-week action, we saw BTC trading around the $6,400 level on September 7, 2018. The biggest cryptocurrency did, however, briefly achieve 55 percent of market dominance, its highest point since December 2017. BTC-USD The cryptocurrency market continued to demonstrate one of the steepest declines in the past three years. Even Goldman Sachs CFO Martin Chavez calling the…

READ MORE

Despite research showing that millions of Americans hold cryptocurrencies, only a few states have actually enacted tax laws or issued concrete guidance on how to deal with the relatively new phenomenon, Bloomberg Tax reported on September 12. Bitcoin Tax Laws Virtually Nonexistent Can cryptocurrencies be regarded as cash? Can they be subjected to the same taxing laws? Can they be…

READ MORE

The design and behavior of cryptocurrencies may make it an unsuitable replacement for fiat currencies, especially for people in economic and financial turmoil, noted fintech and blockchain research publication Diar on September 11, 2018.  Significant Degradation in Purchasing Power Diar recently published data that explores a range of cryptocurrencies from Bitcoin, Ripple, Bitcoin Cash, to ZCash and Nano. According to the data…

READ MORE

The Securities and Exchange Commission (SEC) has temporarily suspended the trading of two cryptocurrency investment instruments due to “confusion expressed amongst market participants,” reported Reuters on September 9, 2018.  The identification and labeling of the investment instruments were a big problem as it was unclear whether the products were exchange-traded funds (ETFs). In the last months, the SEC has taken…

READ MORE