Traders and analysts are divided about the status of cryptocurrencies; some consider them alternative money while others deny them as a medium of exchange. Cryptocurrencies initially emerged as an alternative to traditional currencies, but market opinion has changed significantly after seeing the huge price volatility in Bitcoin (BTC) in particular. Big banks such as…
A bill to Abolish BitLicense in New York? “NOTWITHSTANDING ANY OTHER LAW, RULE OR REGULATION, NO PERSON, CORPORATION, PARTNERSHIP OR OTHER ENTITY THAT CONDUCTS CRYPTOCURRENCY BUSINESS ACTIVITY SHALL BE REQUIRED TO PAY A LICENSING FEE IN ORDER TO CONDUCT SUCH CRYPTOCURRENCY BUSINESS ACTIVITY.” These are perhaps the most beautiful and unexpected words for any New Yorker…
The U.K. government will set up a new task force that will monitor cryptocurrencies and the fintech industry as a whole, which contributes £7 billion annually to the UK economy. On Thursday, Bank of England’s Deputy Governor Dave Ramsden announced that the central bank has “set up a new Fintech Hub that will sit at the…
Bitcoin (BTC) is struggling to extend its uptrend. It soared above 22% and hit the critical resistance level in early trade yesterday – BTC price trades below 9K today. Bitcoin price declined slightly in today’s trade with stiff resistance from bears – who believe regulators will kill illicit activities, which accounts for the significant portion…
Unfortunately, the grass isn’t greener over here today. In fact, it is very, very red. The crypto market has flip-flopped back into the red, with many of the major coins falling fast, including Ripple (XRP) and Litecoin (LTC). It’s not all doom and gloom, though – EOS, along with a few other coins, has managed…
The world’s largest cryptocurrency exchange, Binance, just received a huge warning from Japan. The exchange is listed in Hong Kong but it’s servers actually reside in South Korea. Since the Chinese did that firewall ban, the Binance IPs moved to the British Virgin Islands and other locations to avoid regulatory issues in the future. Just…
Cryptocurrencies resumed the selloff after posting gains in the last three days; the market was jolted by several unpleasant reports that have long-standing implications on cryptocurrency markets. Today’s news involves the Internal Revenue Service. The Internal Revenue Service seems to be broadening their tax range; IRS is now looking to impose capital gains tax on all…
The cryptocurrency market saw some bright blue skies yesterday, as most coins were seeing gains. However, that only lasted briefly because this morning most of the market is back in the red. The G20 summit helped to propel crypto investors spirits as the countries came to the decision that immediate regulations on cryptocurrencies were unnecessary. Added…
Welcome to Day 7 of Crypto Madness! We at cryptocurrencynews.com, CCN, are pleased to bring the fans the ICO showdown. Today’s competitors: Bethereum vs. MEvU. Check out Day 6 of Crypto Madness The Rules Each match-up winner will not be based on the project’s specific concept, whitepaper, or team. Instead, in the ultimate test, the winner will be…
Bitcoin (BTC) has been ranging within a downtrend recently, but has recovered 50% from lows set in early February. The market cap now stands at US$151.48 billion, with US$3.26 billion traded in the past 24 hours. There was some buzz around cryptocurrency regulation at the recent G20 summit, held in Argentina this week. Ultimately, officials…
