Category: crypto assets

South Africa Proposes New Rules to Regulate Cryptocurrencies, Seeks Alignment With FATF Standards

South Africa Proposes New Rules to Regulate Cryptocurrencies, Seeks Alignment With FATF StandardsSouth Africa is proposing new rules around crypto-asset service providers (CASP) as it seeks to align regulations with standards of the Financial Action Task Force (FATF). The proposed rules are part of amendments to the Financial Intelligence Centre Act (FICA) that are up for public comment. Finance Minister Tito Mboweni published the proposals in June. […]

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Advocacy Group Claims IRS-Issued Crypto-Warning Letters Violated Taxpayer’s Rights

Close to a year ago last July, the U.S. Internal Revenue Service (IRS) revealed it would be sending ‘soft letters’ to suspected American cryptocurrency owners advising them to pay their taxes. Now according to the Taxpayer Advocate Service, a subsidiary of the IRS, the soft letters undermined the rights and protections of American taxpayers. The […]

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$1.4M in Bitcoin Transactions: New High for Argentina as Confidence in the Peso Tanks

$1.4M in Bitcoin Transactions: New High for Argentina as Confidence in the Peso TanksCrisis laden Argentina saw bitcoin transactions worth $1.4 million (101 million pesos) being recorded in the past week, a new high for the country. According to a report by Vorem, this figure is nearly double the previous high of $0.96 million recorded in the last week of June. Citizens who have previously “watched their currency […]

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Popular Analyst Reveals New Bitcoin Pricing Model: Prediction Suggests ‘Bullish Run a Month Away’

Popular Analyst Reveals New Bitcoin Pricing Model: Prediction Suggests 'Bullish Run a Month Away'The popular bitcoin analyst Willy Woo told his 132,000 Twitter followers that he’s working on a new pricing model that suggests a bull run is imminent. In fact, Woo says the model suggests bitcoin is close to “another bullish run” with “maybe another month to go.” The price of bitcoin (BTC) has been declining during […]

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US Real Estate Market Crisis: 4.3 Million Mortgage Delinquencies, Commercial Properties Sink in Value

US Real Estate Market Crisis: 4.3 Million Mortgage Delinquencies, Commercial Properties Sink in ValueThe U.S. economy continues to look bleak as the American citizens and small businesses nationwide struggle to keep up with the government’s rules toward Covid-19 guidelines. In just 13 weeks, over 45 million Americans filed for unemployment benefits and many citizens cannot pay their mortgages. Numbers stemming from last month’s property data indicates that about […]

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Hundreds of Sites Now Earn Crypto Trading Fees: Exchange WordPress Plugin Sees 300 Active Installs

Hundreds of Sites Now Earn Crypto Trading Fees: Exchange Wordpress Plugin Sees 300 Active InstallsA couple of months ago, a new WordPress (WP) plugin launched that allows anyone to host a digital currency trading platform. With the application, WP website owners can earn fees from various crypto asset trades. The developer of the plugin called “Wpcryptoexchange” tweeted on June 19, that there are now 300 active installs of his […]

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Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTC

Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTCA number of venture capitalists and macro investors believe bitcoin’s price will break out soon following suit with gold’s recent climactic rise. Dan Tapeiro, cofounder of Gold Bullion International, thinks that $4.6 trillion in cash sitting on the sidelines right now, could very well flow into precious metals and crypto-asset markets. Moreover, other investors have […]

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Singapore-Based Carpooling Platform Ryde Plans to Support Bitcoin Payments

The popular and first Singapore-based carpooling platform, Ryde has revealed that customers will soon be able to pay with bitcoin. The feature will be available after the bitcoin support is incorporated into the company’s payment app on June 22. Ryde has approximately 29,000 drivers, tens of thousands of customers, and millions of trips have been […]

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Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China

Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in ChinaIt’s been approximately 37 days since the notorious Bitcoin reward halving that took place on Monday, May 11, 2020. On June 16, the Bitcoin network saw a large upwards difficulty adjustment making it much harder to mine bitcoins and slowing down the issuance rate because block generation has slowed down. Furthermore, a recent research report […]

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Bitcoin Cash Vietnam-Based Fiat-to-Crypto Trading Support Added to Bvnex Exchange

Bitcoin Cash Vietnam-Based Fiat-to-Crypto Trading Support Added to Bvnex ExchangeThis week the trading platform Bvnex Exchange announced the support of bitcoin cash on the Vietnam-based fiat-crypto trading platform. The support gives the Vietnamese market and other regions in Asia, the ability to trade bitcoin cash for VNDT- Vietnam dong. On June 2, 2020, the crypto exchange Bvnex listed bitcoin cash on the cryptocurrency trading […]

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‘Boomer Generation’ In for a Rude Awakening – Macro Economist Predicts $1M Bitcoin by 2025

'Boomer Generation' In for a Rude Awakening - Macro Economist Predicts $1M Bitcoin by 2025Just recently, a report from Global Macro Investor (GMI) called “The Unfolding” claims that the world is experiencing the biggest economic event that hasn’t been seen in the last 150 years. GMI’s CEO Raoul Pal authored the report and he strongly believes the digital asset bitcoin will go from a $200 billion asset class to […]

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Seeking Profits: A Number of Large Crypto Exchanges Are Mining and Staking Digital Assets

Seeking Profits: A Large Number of Crypto Exchanges Mine and Stake Digital AssetsDuring the last 12 months, large cryptocurrency exchanges have been getting into digital currency staking and creating SHA256 mining operations. Just recently, Binance announced the launch of its mining pool following exchanges like Okex, and Huobi. Alongside this, a great number of crypto exchanges are staking proof-of-stake (PoS) coins, which have caused some grievances among […]

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Bitcoin.com’s Market Aggregator Now Features Into the Block Crypto Asset Statistics

At Bitcoin.com we take pride in providing the best cryptocurrency resources online so people can learn about the great benefits of bitcoin. One particular service we offer is a cryptocurrency market valuation and price data aggregator called markets.Bitcoin.com. This week our team is pleased to announce markets.Bitcoin.com now features statistics from the crypto asset intelligence […]

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Market Outlook: Bitcoin’s Inverse Head and Shoulders, Covid-19 Fears Decline, CME Futures Gaps

Market Outlook: Bitcoin's Inverse Head and Shoulders, Covid-19 Fears Decline, CME Futures GapsDigital currency markets have had a few lackluster days, as the entire crypto market valuation has dropped below the $200 billion mark on Monday. The following day on April 14, a number of cryptocurrencies have seen some slight gains between 2-9%. Meanwhile, global markets are reacting positively as many are starting to feel like the […]

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5% Over Spot: Gold-Backed Tokens Tether Gold and Digix Sell for Higher Premiums

5% Over Spot: Gold-Backed Tokens Tether Gold and Digix Sell for Higher PremiumsDigital asset markets have been gathering some gains during the last few days and tokens like stablecoins have seen massive demand since the start of the market carnage. Alongside stablecoins, gold-backed digital assets like Tether Gold, Pax Gold, and Digix Gold have seen tremendous trade volumes as well. In fact, cryptocurrencies that claim to be […]

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#NotDying4WallStreet – Twitter Trends Show People Are Fed Up With Wall Street, Banks and Oligarchs

'Not Dying 4 Wall Street' - Twitter Trends Show People Are Fed Up With Banks and OligarchsAs the coronavirus outbreak causes havoc to the world economy, the U.S. is trying to prepare for the onslaught of new cases. U.S. politicians crafted shelter-in-place orders in various states and shut down a decent fraction of American industries. Now politicians are penning an enormous bailout package and American citizens are fighting about whether or […]

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Crypto Mining Crunch Time – Bitcoin Halving Less Than 50 Days Away While Global Economy Shudders

Crypto Mining Crunch Time - Bitcoin Halving Less Than 50 Days Away While Global Economy ShuddersOn or around May 13, the BTC network will see a block reward reduction as miners will go from getting 12.5 coins per block to 6.25 coins following the halving. The last time the protocol’s block reward halved was on July 9, 2016, and the global economy looked a whole lot different back then. This […]

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Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions

Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial InstitutionsThe Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest changes. Also read: Turkey to Inspect Cryptocurrency Exchanges as Part of Government Offensive Against Online […]

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US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets

US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet MarketsThe U.S. Department of Homeland Security has revealed a cryptocurrency intelligence program aimed at identifying unlicensed crypto businesses using P2P sites, online forums, and darknet markets. These areas have consistently presented “a significant challenge to law enforcement” and the Financial Crimes Enforcement Network (FinCEN). Also read: Regulatory Roundup — Trump’s Cryptocurrency Proposals, IRS Changes Rule, […]

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G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards

G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF StandardsThe G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also informed that the Financial Stability Board will soon issue its crypto […]

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Chinese Government-Backed Institute Releases New Ranking of 37 Crypto Projects

Chinese Government-Backed Institute Releases New Ranking of 37 Crypto ProjectsChina’s Center for Information and Industry Development has published its latest crypto project ranking — the first this year. A total of 37 crypto projects, two more than in the previous ranking, were evaluated and ranked overall this month as well as in three separate categories. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett […]

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Bitcoin Superstar and Bitcoin Era – The Latest Two Faces of the Same Scam

Bitcoin Superstar and Bitcoin Era - The Latest Two Faces of the Same ScamWith the rising price and popularity of bitcoin come numerous scams. Bitcoin Superstar and Bitcoin Era are two investment schemes that have recently gained much attention. News.Bitcoin.com took a look at them, and it did not take much to spot how similar they are to each other and several other well-known scams. Also read: Bitcoin, […]

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Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors

Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional InvestorsSince the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange. Having obtained a provisional license from BaFin, the regulator in charge of licensing crypto service providers, Boerse Stuttgart is preparing to offer crypto custody […]

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Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash

Regulatory Roundup: Trump's Cryptocurrency Proposals, IRS Changes Rule, China Quarantines CashIn this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover China quarantining yuan bills, its central bank filing 84 digital currency patents, 40 […]

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