U.S. Cryptocurrency Exchanges One Step Closer to Self-Regulation

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U.S. cryptocurrency exchange Gemini is holding a workshop on industry self-regulation. If everything works as intended, a new Self-regulation Organization (SRO) will be formed by September 2018. Which exchanges are joining? The Virtual Commodity Association (VCA) says the first set of participants will include crypto exchanges that serve U.S. customers. These will include bitFlyer USA, Bitstamp, … Continue reading “U.S. Cryptocurrency Exchanges One Step Closer to Self-Regulation”

Tether (USDT) now the Eighth Most Valuable Cryptocurrency

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Tether may be no stranger to controversy. But it’s not stopping the coin from inching its way into the Top 10 cryptocurrencies. Record high hit by Tether Market Cap In August 2018, the cryptocurrency “printed” tokens worth $415 million. As a result, Tether now has a market cap of $2.7 billion, marking a new all-time … Continue reading “Tether (USDT) now the Eighth Most Valuable Cryptocurrency”

South African Tax Authority Not Sparing Crypto Traders

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Governments don’t play games when it comes to tax. The South African government is going to full lengths to make sure cryptocurrency traders pay every tax permissible under law. A Tax Agency at Work According to Commissioner, Mark Kingon, the agency is exploring ways to better identify those that are profiting from digital assets.  They … Continue reading “South African Tax Authority Not Sparing Crypto Traders”

Venezuelan Economic Woes Worsen As Bitcoin (BTC) Reaches 60M Bolivars

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Without a doubt, it’s a terrible experience to be a Venezuelan living in the country right now. Well, the reason is not far-fetched as the economy of the South American country has taken a nosedive. It appears the government is obviously helpless. The government must have tried all the tricks in the books to upturn … Continue reading “Venezuelan Economic Woes Worsen As Bitcoin (BTC) Reaches 60M Bolivars”

Despite Ripple (XRP) and Stellar (XLM) Having Similar Objectives, They Can Always Co-exist

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Ripple and Stellar are both working to achieve their goal of enabling easy transactions that particularly involve multiple currencies across borders. Both cryptocurrencies currently rank high not only in terms of their market value, but also their popularity. Cryptocurrency fanatics have picked this topic up and are already debating on whether both digit assets can … Continue reading “Despite Ripple (XRP) and Stellar (XLM) Having Similar Objectives, They Can Always Co-exist”

Switzerland’s SIX Trading Exchange Will Offer Institutional Investors Cryptocurrency Trading, Eventually

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A major European adoption of cryptocurrencies could be in the offing soon. SIX Swiss Exchange has created a huge stir in the digital assets universe. It announced last week it wants to offer institutional investors the ability to trade them. The initial bounce in the digital assets was much needed. The altcoin apocalypse had begun … Continue reading “Switzerland’s SIX Trading Exchange Will Offer Institutional Investors Cryptocurrency Trading, Eventually”

E-Toro Anoints LTC as the New Digital Silver, Replacing ETH

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For years the word in the cryptocurrency universe was that Ethereum was the new silver. This appears to have changed over the weekend. A research report released by one of the most respected analysts in the business argues that ETH has been dethroned. The replacement candidate may come as a surprise to many. According to … Continue reading “E-Toro Anoints LTC as the New Digital Silver, Replacing ETH”

Cryptocurrency Scam Warnings have been Updated

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With any investment, there is the potential for scam and significant risk. So, it pays to be cautious. When it comes to crypto trading, there’s a tulip mania-frenzy. It’s so wild that investors are quite literally taking out second mortgages and home equity lines of credit to buy them.  However, with popular trends come risks … Continue reading “Cryptocurrency Scam Warnings have been Updated”

Blockchain Adoption: China Outpaces U.S. and South Korea

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Blockchain is quickly revolutionizing the way business is done. UPS just filed a new patent that uses it as part of a distributed system to send packages. Capital One filed a new patent application to use it with user identification. It’s being found in the boardrooms of Apple, IBM, Microsoft, UBS, Deutsche Bank and also Facebook. … Continue reading “Blockchain Adoption: China Outpaces U.S. and South Korea”

Cryptocurrency Fraud has Lead to Higher Public Distrust

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Cryptocurrencies have always been susceptible to fraud and scam leading to public distrust. In fact, their decentralized nature makes them the perfect target for digital thieves. Unfortunately, that’s because digital currencies are tricky to store and even trickier to protect. Summer 2018: Cryptocurrency Scams It seems like cryptocurrency scams increase exponentially during the summer.  That … Continue reading “Cryptocurrency Fraud has Lead to Higher Public Distrust”