#finance

Dubai Gold Merchant Gets First Bitcoin Storage and Trading License in the Middle East

February 14, 2018 by Priyeshu Garg at Bitcoin, Business, Finance, News, Tech

The Dubai Multi Commodities Center (DMCC) has awarded a cryptocurrency license to Regal RA DMCC. The company which specializes in gold trading under this license become the first company to be granted a cryptocurrency trading license in the Middle East. Apart from trading in cryptocurrencies, the DMCC license also allows...

Genie ICO, the World’s First Pan-Asian Blockchain Lending Exchange, Expands into New Markets Through New Strategic Partnership

February 13, 2018 by Guest Post at ICO/IEO

Earlier this month, Genie ICO, which has already collected $2 million during the presale stage of its ICO, took yet another step toward its aim of building the largest Asia-wide blockchain asset exchange platform that connects capital providers with small- and medium-sized enterprises (SMEs). They have announced they will be...

Ecuador Halts Download of Cryptocurrency Wallet for State-sponsored Coin

February 13, 2018 by JaketheCryptoKing at Blockchain, Finance, News, Tech

Barbados was the first country to release their own digital currency with Ecuador soon following. Ecuador’s digital currency was unique as it was released by their central bank at the beginning of February 2018. Many other countries have pondered this idea and have not taken action to pilot the implementation...

Revain gets Listed on OKEx, one of the World’s Largest Cryptocurrency Exchanges

February 13, 2018 by Guest Post at Press Releases

Revain is delighted to announce that it’s token just got listed on one of the world’s largest cryptocurrency exchanges OKEx. We were working closely with the OKEx team in the past few weeks to finally make it happen. For Revain, OKEx will represent the largest exchange by any metric including...

“Cryptolympics”: Speed Skater Gets Paid in Cryptocurrency at the Pyeongchang Winter Olympics

February 12, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Business, Entertainment, News

Cryptocurrency is gradually ruling the world. Canadian speed skater Ted-Jan Bloemen has caught the crypto bug. The sportsman accepted a cryptocurrency payment for a sponsorship deal with a social network and a virtual reality firm at the ongoing Winter Olympics. onG.Social sponsors Winter Olympian Of all the participants at the...

MyEtherWallet Co-founder Announces MyCrypto, Causes Panic Among Ethereum Users

February 12, 2018 by Rahul Nambiampurath at Business, Ethereum, Finance, News, Tech

Taylor Monahan, the co-founder of Ethereum wallet service, MyEtherWallet, popularly known by the abbreviation MEW, has announced in a post on Medium that she will be spearheading a new competitor, MyCrypto.com. MyEtherWallet gets Forked In her blog post, Taylor has given a brief history of how she and her other...

A Guide to Trading Cryptocurrency Part 6: Moving Averages

February 12, 2018 by Jamie Holmes at Trading Strategies

Read Part 5 of BTCManager's series, 'A Guide to Trading Cryptocurrency,' here. In Part 6, we look at an indicator that is straightforward and is a key metric many of the top financial analysts use in trading a range of assets. In this guide, we introduce a trading technique that...

Cryptocurrency Exchanges in Hong Kong Mandated to Delist “Securities” Tokens

February 11, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Commentary, News, Regulation

In line with the ongoing regulations of the crypto space in Hong Kong, the Securities and Futures Commission has ordered about seven virtual currency exchanges to delete some tokens listed on their platforms since they fall under the securities category. The Securities and Futures Commission (SFC) in line with its...

Cryptocurrency Market should Form a Self-Regulatory Body, says CFTC Commissioner

February 11, 2018 by Priyeshu Garg at Bitcoin, Commentary, News, Regulation

While government machineries are busy crafting an official policy on cryptocurrencies, the industry should step forward and form a self-regulatory body. That was one key takeaway from the conversations at Yahoo Finance’s cryptocurrency event in New York on February 7. The participants also agreed on the point that whether or...

Rabobank Shuns Bitcoin Businesses, Then Fined $369 for Money Laundering

Rabobank Shuns Bitcoin Businesses, then Fined $369 Million for Money Laundering

February 10, 2018 by Priyeshu Garg at Bitcoin, Commentary, Finance, News

Just a week after publicly refusing to service businesses in the bitcoin and greater cryptocurrency industry, the Netherlands’ Rabobank was fined a hefty $369 million when found guilty of money laundering. Clouded Ethics Rabobank was one of five Dutch banks which outright declined cryptocurrency-related bank accounts within their institutions, citing...

IRS: Cryptocurrency is a Property & Swaps are Taxable

Japan Announces Cryptocurrency tax at 15 to 55 Percent

February 10, 2018 by Matthew North at Altcoins, Bitcoin, Finance, News

Cryptocurrency investors in Japan will be taxed 15 to 55 percent of their cryptocurrency profits this year. Japan’s National Tax Agency classified these profits as “miscellaneous income” on December 1, 2017. The National Tax Agency in Japan has finally caught up to cryptocurrency traders within its borders, raising fears that...

Investors are Reassured as Blockchain Platform Introduces an Organic Fundraising Procedure

February 8, 2018 by Guest Post at ICO/IEO

Funding is an essential part of business, both in the early stages and for purposes of expansion. Prior to the emergence of blockchain technology, businesses relied on bank loans or interventions from venture capitalists and angel investors to achieve the funding that they need. These systems involved some form of...

Millenial Invests Life Savings into Bitcoin and Cryptocurrencies, Now Millionaire Angel Investor

February 8, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Interviews, News, Tech

In 2018, a young man who invested about $34,000 into bitcoin and altcoins has now earned several millions of dollars in profit. He abandoned his white collar job in October 2017 and now travels the world as a startup advisor and angel investor. Advani's Journey to the Moon According to...

Want to Maximize Your Investments? The First Step is to Remove Cognitive Bias

February 7, 2018 by Guest Post at ICO/IEO

2017 was the year that crypto trading truly exploded. Trading volumes exceeded billions of dollars, and everyone’s rationality seemed to disappear. It’s easy to see why trading cryptocurrencies has become so popular. Over the past few months, they’ve gained increasing momentum, and with more and more stories about crypto millionaires...

UNICEF Invites Gamers to Mine on Ethereum’s Blockchain for Syrian Fundraiser

February 6, 2018 by Akshay Makadiya at Ethereum, Finance, Mining, News

UNICEF, a United Nations program, has initiated a charity project; Game Chaingers, that aims to raise funds by mining Ethereum. UNICEF is a humanitarian and development program with a focus on assisting children and mothers in developing countries. The money raised from Game Chaingers project will be aiding children in...

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