Cryptocurrency news

• IRS Advised to Provide Better Guidance on Cryptocurrency Transactions

  26-10-2018 23:35
  The Information Reporting Program Advisory Committee is a body which was established before the Internet was a major consumer network and is a result of federal government reorganization and, importantly, efforts to modernize and improve the IRS brought about by the Omnibus Budget Reconciliation Act of 1989. The committee periodically suggests actions the IRS needs
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• Daily Crypto Roundup 10/26/2018

  26-10-2018 23:28
  Mainstream credit company interest, a Bitcoin-backed Ethereum token, and IRS comments on crypto taxation, all while Bitcoin is still in a price range of around $6,400-$6,500 on Blockmodo real-time data.
  Visa, Mastercard And The Future Of Cryptocurrencies
  Many mainstream voices have changed their tune when it comes to interest in crypto and blockchain.
  Mastercard filed a patent application yesterday “looking to apply the principles of fractional reserve banking to crypto assets, or as
  
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• Report: North Korean Elite Behind Scams Targeting Crypto Investors

  26-10-2018 23:00 via newsbtc.com
  Members of the ruling elite in North Korea are suspected of launching two scams aimed at exploiting gullible crypto investors still attempting to get in early on a potential moon shoot.
  The totalitarian state is thought to be using such schemes to stay afloat in the face of international sanctions.
  Technical Sophistication of North Korean Elite Increasing
  In a revealing report into the browsing habits of those few North Korean government officials allowed to use the global internet, cyber-securi
  
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• Sweden’s Central Bank Hastens Plans for National Digital Currency

  26-10-2018 22:31
  Riksbank, Sweden’s Central Bank, is adapting to the shifting financial landscape in the country where the transition to a cashless society has accelerated quickly. Several banks in Sweden no longer handle cash, which is a problem some groups of people who struggle to adapt to new technologies, such as the elderly. The central bank believes
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• India’s Suprement Court Orders Government to Define Policy on Crypto Within Two Weeks

  26-10-2018 22:00 via newsbtc.com
  The Indian Supreme Court on Thursday asked the Government to share its view on cryptocurrency within two weeks.
  The court is addressing the multitude of petitions filed by digital currency operators against the central bank’s anti-crypto circular.
  India is Two Weeks Away from Ending Policy Confusion over Crypto As Supreme Court Demands Clarification
  The Reserve Bank of India’s (RBI) circular released on April 6 has resulted in a legal battle between the cryptocurrency ecosystem and t
  
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• India’s Supreme Court Orders Government to Define Policy on Crypto Within Two Weeks

  26-10-2018 22:00 via newsbtc.com
  The Indian Supreme Court on Thursday asked the Government to share its view on cryptocurrency within two weeks.
  The court is addressing the multitude of petitions filed by digital currency operators against the central bank’s anti-crypto circular.
  India is Two Weeks Away from Ending Policy Confusion over Crypto As Supreme Court Demands Clarification
  The Reserve Bank of India’s (RBI) circular released on April 6 has resulted in a legal battle between the cryptocurrency ecosystem and t
  
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• Bitcoin Price Intraday Analysis: BTC/USD Predictable amid Low Volume

  26-10-2018 21:30
  The Bitcoin-to-dollar exchange rate on Friday remained entrenched into the stable territory amid low volume. The BTC/USD is currently trading at 6406-fiat, just 0.42 percent above its intraday low. The pair continues to bounce between a $58 wide range, providing day traders plenty of profitable opportunities to enter and exit the market on every pullback
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• Sony Reveals Contactless Crypto Wallet, Prepping for Crypto Ecosystem?

  26-10-2018 21:00 via newsbtc.com
  A research and development division at Sony has unveiled a new contactless cryptocurrency hardware wallet for cold storage, which could indicate the consumer electronics giant may be eyeing a bigger move into the cryptocurrency space.
  Sony Computer Science Lab Preparing Contactless Crypto Wallet
  The research and development arm of Japan-based Sony Corporation, Sony Computer Science Laboratories, Inc. have issued a press release revealing their work on a contactless cryptocurrency wallet for stor
  
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• 9th Largest Bank in the US Joins Ripple

  26-10-2018 21:00 via crypto-news.net
  Despite being a part of a very shaky niche, Ripple has managed to stand out of the competition and hit a couple of significant milestones in the last few months. From the beginning of 2018, we have been observing that the venture is playing all cards to get itself integrated within the banking sector and several outlets have even tried the currency in order to revolutionize the payment processing and transfer procedures.
  Recently, the PNC bank moved forward and joined RippleNet, which was partic
  
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• CFTC Commissioner Cites CryptoKitties, Dogecoin When Talking DLT Uses

  26-10-2018 20:30
  CFTC commissioner Rostin Behnam emphasized that regulators must understand distributed ledger tech before regulating it.
  
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• Net Neutrality Killer Ajit Pai Casts an Eye over Regulating Blockchain

  26-10-2018 20:21
  The man who killed net neutrality in the US is racing-up with innovations like blockchain to effectively regulate them. Ajit Pai, the chairman of the US Federal Communications Commission (FCC), said that his office would be looking into the emerging technologies for their potential impact on the telecom sector. Naming artificial intelligence, machine learning, and
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• Sweden to Bring Forward Launch of State-Backed Digital Currency e-Krona

  26-10-2018 20:00 via newsbtc.com
  The government of Sweden has called for plans to launch a digital version of their fiat currency, the krona, to be brought forward.
  As the country moves rapidly towards a cashless future, there are concerns that citizens will turn to means of payments provided by “private agents” without “state-guaranteed” digital cash.
  Swedes Quickly Dropping Paper Money
  Last year, a report was issued by Sweden’s Riksbank into the prospects of the government launching a digital alt
  
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• Visa CEO: Crypto is Not a Big Threat But if Needed, We Will Support it

  26-10-2018 19:07
  According to Al Kelly, the CEO of Visa, the company could support crypto in the future if the global market moves in the direction of embracing consensus currencies like Bitcoin and Ethereum. In the short to mid-term, Kelly told Jim Cramer, the host of Mad Money, that cryptocurrencies as an asset class is not a
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• Analyst: Low Volatility is a Positive Sign for the Cryptocurrency Markets

  26-10-2018 19:00 via newsbtc.com
  As the cryptocurrency markets continue to trade sideways as trading volume decreases, many traders are beginning to lose patience and interest in the markets.
  Despite this unusual trading activity in generally volatile markets, one analyst believes that it is actually a good sign for the future success of the markets.
  At the time of writing, Bitcoin is trading at $6,465, still stuck in its unprecedented trading range between $6,200 and $6,800. In the past month, BTC has only broken out of the ra
  
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• Chinese Civil Court Rules Bitcoin as Legally Protected Property

  26-10-2018 18:11
  A case involving almost half a million dollars in cryptocurrency led to an important new precedent in China. A high Chinese court, the Court of International Arbitration, ruled that Bitcoin and other cryptocurrencies are valuable personal property and are therefore protected under existing Chinese law. The court also stated that there is no law on
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• ADAB Solutions: Building the First Islamic Shariah Compliant Cryptocurrency Exchange

  26-10-2018 18:07
  This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. In the past few years, the cryptocurrency market has seen a sharp increase in adoption from countries in Asia, Africa, and East Europe. For the majority of cryptocurrency’s existence
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• IBM's New Blockchain Problem: Maersk-Backed Shipping Effort Is Struggling

  26-10-2018 18:00
  Since Maersk and IBM launched TradeLens 10 months ago, only one other carrier has joined the network. As those involved admit, that's not enough.
  
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• IBM and Maersk Struggle to Sign Partners to Shipping Blockchain

  26-10-2018 18:00
  Since Maersk and IBM launched TradeLens 10 months ago, only one other carrier has joined the network. As those involved admit, that's not enough.
  
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• Market Still Hot for Asia’s Largest Freelancer Marketplace App

  26-10-2018 17:50
  This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
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• Bitbuy Completes Acquisition of CBIX

  26-10-2018 17:41
  This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
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• IRS Advisors Call for More Tax Guidance on Crypto Transactions

  26-10-2018 17:20
  An advisory group to the U.S. tax agency has called for clearer guidance around how cryptocurrency transactions are taxed.
  
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• Bottomed? Bitcoin is Quieter Than Ever with Lack of Volatility: A Good Sign?

  26-10-2018 17:18
  The cryptocurrency markets have made headlines for their volatility, which has caused wild price swings, which has led to opportunities for a tremendous amount of both profit and loss. However, that does seem to be changing, as the most well-known digital currency in the world seems to be going through a quiet phase. Specifically, Bitcoin
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• A New Token Is Coming To Ethereum – And It's Fully Bitcoin-Backed

  26-10-2018 17:00
  A new ethereum token is being created and it holds a one-to-one peg with bitcoin.
  
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• Giacomo Zucco rates the top 20 cryptocurrencies from CoinMarketCap

  26-10-2018 16:50
  On October 23rd 2018, Bitcoin maximalist Giacomo Zucco was interviewed by Crypto Insider. During his dialogue with Vlad Costea, he agreed to play a little game in which he rated the top 20 cryptocurrencies on a scale from 1 to 10.
  The system is rather simple: a rating of 1 means that it’s an obvious scam that will fail, and a 10 is the absolute industry standard and has a promising future. Of course, most projects find themselves in between these extremes, but Giacomo Zucco was nice enough
  
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• What 30 Million Ethereum Transactions Reveal about the State of DApp Development

  26-10-2018 16:23
  New data from cryptocurrency prime dealer SFOX has painted a somewhat bleak picture of the current state of dApp development on the Ethereum network. According to the data which was obtained from an analysis of more than 30 million Ethereum transactions, the top 10 smart contracts on the network are dominated by ICO and exchange
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• Four Agricultural Giants Eye Blockchain in Push to Digitize Global Trade

  26-10-2018 16:06
  The four biggest agricultural corporations plan to utilize tech such as blockchain and AI to bring the global grain trade into the digital age.
  
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• IBM Study: Central Banks Favor Digital Currencies for Interbank Settlements

  26-10-2018 15:53
  Central banks maintain their distance from Bitcoin but have shown interests in issuing their private digital currencies. And a new IBM-OMFIF survey revealed how this future financial infrastructure would appear. The Background The study found that central banks are increasingly adopting Central Bank Digital Currencies (CBDCs). A clear overview revealed that banks were initially reluctant in
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• Visa, Mastercard and the future of cryptocurrencies

  26-10-2018 15:50
  Despite previously dismissing cryptocurrencies as a tool for fraud and criminal activity, Mastercard and Visa appear to be warming up to the idea.
  In a patent application – application 20180308092– filed Thursday, October 25th, it appears that Mastercard is looking to apply the principles of fractional reserve banking to crypto assets, or as the credit card giant phrased it, “blockchain currencies.”
  The move, which seems counterintuitive to many in the crypto space, would
  
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• Bitfury Reportedly Considering a $5 Billion Crypto IPO in Europe

  26-10-2018 15:28 via newsbtc.com
  Bitfury is reportedly in talks with global investment banks regarding its plans to launch Europe’s biggest crypto IPO till date, reported Bloomberg.
  The cryptocurrency mining startup plans to go public in either Amsterdam, London or Hong Kong, with a tentative valuation anywhere between $3 billion to $5 billion, depending on the market and industry conditions at the time of the announcement. Meanwhile, Bitfury is also considering selling stakes or debt financing as alternatives to the IPO
  
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• With Jubiter, It’s Never Been Easier to Buy Bitcoin with a Credit Card

  26-10-2018 14:57 via crypto-news.net
  Jubiter, a relatively new exchange, is growing on the rock-solid foundations of the highest possible security and safety. In addition, the usability aspect of Jubiter’s platform promises to bring Bitcoin and Llitecoin into the mainstream, medium of exchange.
  It is exciting to note that they have introduced a new flare in OTC that is making P2P a much easier exchange between fiat money and cryptocurrency. In order to buy Bitcoin at Jubiter.com, all you need is your credit card. They ar
  
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• Xsolla adds MobileGo (MGO) as a new payment method for developers and gamers globally

  26-10-2018 14:52 via crypto-news.net
  MGO becomes the first-ever altcoin to be accepted on Xsolla, one of the world’s largest payment processors with a staggering reach of 500+ million users! To say that being a permanent part of Xsolla’s 700+ payment methods opens a new revolutionary chapter in the token’s history will be a huge underestimation. This dramatically transforms the very nature and scope of MGO and gives it powers that it could not have imagined before and that other alternative coins could only envy.
  
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• Patience pays: Get to Know Popular Investor Reinhardt Coetzee

  26-10-2018 14:49 via crypto-news.net
  Ask any trader and they’ll tell you: diversifying your portfolio is one of the best ways to reduce risk. If you’re curious about branching out to other assets, definitely check out Reinhardt Coetzee — this South African Popular Investor is proof that low-risk, long-term investing can really pay off!
  Since joining eToro in July 2016, Reinhardt has kept his risk score low by focusing on stocks from well-known yet innovative companies which according to his own research have solid
  
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• Delaware Helps Catch British Hacker Holding Over $200k in Bitcoin

  26-10-2018 14:35
  Recent news shows Delaware playing an important role in the capture of British hacker Grant West. U.K. Authorities caught West last year and recovered $700,000 worth of Bitcoin. The Catch According to a report by Delawareonline, undercover U.K. officials caught West last year while he was traveling by train. West was convicted of fraud, in addition
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• Most Central Banks Back Digital Currency If DLT Improved: IBM Survey

  26-10-2018 14:10
  A new IBM survey finds most central banks polled back issuing a wholesale digital currency, but are still uncertain about blockchain's efficiency.
  
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• India’s Supreme Court Seeks Gov’t Report on Cryptocurrency in 2-Week Deadline

  26-10-2018 13:28
  India’s Supreme Court, the country’s apex court, has directed the central government to present its official stance on cryptocurrency within two weeks. In a telling move that seeks to end the ambiguity over the legality of cryptocurrencies like bitcoin in India, the government has been ordered to release its report on the cryptocurrency sector by
  The post India’s Supreme Court Seeks Gov’t Report on Cryptocurrency in 2-Week Deadline appeared first on CCN
  
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• Blockchain & Crypto Ushers in the Third Era of E-Commerce

  26-10-2018 13:11
  This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. The bulk of the online retail world still depends on intermediaries. Small businesses and independent sellers rely on distributors like Amazon, eBay, and Alibaba to sell products at
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• $100 Doldrums: Bitcoin's Price Is Stuck In Its Tightest Range Since 2017

  26-10-2018 13:10
  Bitcoin has been trading in the very narrow range of $100 for seven days – that's the longest run at such low volatility since April 2017.
  
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• Visa CEO: We May Move To Adopt Crypto Assets

  26-10-2018 13:07 via newsbtc.com
  Amid Mastercard’s unexpected push for a patent outlining “fractional reserve” banking for crypto assets, the CEO of Visa has claimed that cryptocurrencies aren’t a pertinent threat to the stability of legacy financial systems.
  Al Kelly: Bitcoin, Cryptocurrency Aren’t Immediate Threats To Visa
  Months after claiming that the “sun has set” on Bitcoin and crypto assets, former hedge fund manager Jim Cramer, spoke with Al Kelly, CEO of Visa, on CNBC Mad
  
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• Panxora Opens up the Financial Markets to Crypto Users

  26-10-2018 13:02
  This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
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• trade.io Effectively Contains Breach of Cold Storage Wallet and Protects TIO Holders

  26-10-2018 12:55
  This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
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• Bitfury Could Launch Europe’s First Major Crypto IPO, With Potential $3 Billion Valuation

  26-10-2018 12:40
  Cryptocurrency mining firm Bitfury is considering an initial public offering in Amsterdam or London as early as 2019. The move would make Bitfury the first major crypto IPO listed in Europe. The Amsterdam-based blockchain startup could seek a valuation of $3 billion to $5 billion, sources told Bloomberg. The company is speaking with several investment banks
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• Erachain Brings Security in E-Commerce by Announcing details of Innovative Payment Service Safe Pay

  26-10-2018 12:39
  This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
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• ColossusXT: Armis Bringing Privacy Solutions to the Colossus Grid

  26-10-2018 12:32
  This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
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• Post-fork Monero Decoy Selection Bias Could Have Detrimental Impact On Privacy

  26-10-2018 12:10 via feedproxy.google.com
  
  BTC.com engineer and concerned Monero user ‘Lacksfish’ has outlined a troubling bias towards the use of coinbase (block reward) transactions as decoys (also known as mixins) occuring on the post-fork Monero chain, with potentially troublesome privacy implications. The Github issue outlined here points towards a concerning number of recent transactions in which there is a disproportionate […]
  The post Post-fork Monero Decoy Selection Bias Could Have Detrimental Impact On P
  
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• India Supreme Court Seeks Government Opinion on Crypto Within 2 Weeks

  26-10-2018 12:00
  The Supreme Court of India has asked the government to give its view on cryptocurrencies, amid fallout from a ruling by the central bank in April.
  
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• (MM) Tesla Motors 3rd Quarter Financial Results Embarrass Many Analysts

  26-10-2018 11:54
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• Bitcoin is Stable, and I Hate It

  26-10-2018 11:53 via feedproxy.google.com
  
  In perhaps the strongest sign that the market is maturing yet, Bitcoin has been less volatile than stocks for the past month.  While one month does not make a long term trend, it is an interesting development for the asset that is best known for its massive and sudden price swings. This data came to […]
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• China Hasn’t Banned Bitcoin: Shenzhen Court Permits Crypto Transactions

  26-10-2018 11:43 via newsbtc.com
  When Bitcoin was debuted in October of 2008, the world’s first cryptocurrency was slow to garner traction. At the time, only the most eccentric internet users were willing to allocate capital, time, and brain power to bolster the development efforts of the Bitcoin Network, the first true blockchain/decentralized database. However, as time elapsed, the cryptocurrency found an ally in the Chinese people, many of which were open to utilizing BTC in day-to-day commerce.
  While the local cryptoc
  
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• Andreas Antonopoulos’ ‘Mastering Bitcoin’ Mentioned on Chinese National Television

  26-10-2018 11:36
  According to @cnLedger, who follows Chinese cryptocurrency news, Andreas Antonopoulous’ book, Mastering Bitcoin, was recently recommended on Chinese television as a way to get introduced to cryptocurrency and the blockchain. .@aantonop 's "Mastering Bitcoin" was recommended on China's official TV channel today to national wide audience. However, the book title in the Chinese version was
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• Bitcoin Price Watch: BTC/USD Remains Vulnerable Below 100 SMA

  26-10-2018 11:28 via newsbtc.com
  Key PointsBitcoin price failed to move above the $6,400-6,410 resistance area against the US Dollar.
  There is a key bearish trend line in place with resistance at $6,405 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  The price is currently trading below the $6,410 resistance and the 100 hourly simple moving average.Bitcoin price is trading lower within range below $6,410 against the US Dollar. BTC/USD could revisit the $6,370 or $6,350 support levels if sellers gain control.
  Bi
  
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