Isle of Man Updates Registration Rules for Cryptocurrency Businesses

The financial regulator of the Isle of Man recently introduced changes to its policy governing the registration of companies in the cryptocurrency industry. The British Crown dependency in the Irish Sea is also tightening rules applicable to projects that conduct initial coin offerings (ICOs). Also read: Vietnam at Crossroads on Cryptocurrency Regulations Financial Authority Adopts Stricter Requirements Cryptocurrency companies filing for registration under the the self-governing territory’s Designated Businesses Act 2015 will be required to meet two new criteria. The updated policy states that companies must have at least two directors…

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The Daily: Coinbase Blesses Binance, Game Day for BCH

It’s a big day for Bitcoin, though quite what flavor of Bitcoin remains to be seen. By the time the dust has settled on this historic Thursday, we should have an idea of which way the Bitcoin Cash hash war has swung. In this edition of The Daily, we round up the best tools for monitoring the fork as it happens and take a look at Ledger’s natty new range of hardware wallets. Also read: Bitfinex Applies Fees, Bitmex Rejects Claims It Trades Against Customers Bitcoin Cash Has Its Day of…

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Such Hard Fork, Much Hot Air? Dogecoin Still Used 4X More Than Bitcoin Cash

Bitcoin Cash may be in the spotlight as cryptocurrency markets tumble, but some have already played down the altcoin’s importance – even compared to Dogecoin. Much Ado About Forking Nothing While commentators from social media pundits to mainstream media networks focus on the Bitcoin Cash (BCH) 00 hard fork to explain the sudden return of volatility to cryptoassets, the extent to which markets are overreacting may already be plain to see. As data from Coinmetrics shows, for all the publicity, rumors and speculation generated by its hard fork, scheduled for…

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Bitcoin Technical Analysis: Bitcoin Cash Civil War Drives BTC to a 1-Year Low

Holy mackerel! Out of the blue, Bitcoin dropped to a new 12-month low with little notice. Anyone hoping for a Santa Claus rally had better drop to their knees and start the Hail Marys. Market Overview Today Bitcoin (BTC) 00 got nuked. In fact, the entire cryptocurrency market took a direct hit from a 50 megaton hydrogen bomb — and it looks like it’ll take a while for the smoke to clear. Novogratz was wrong, Tom Lee was wrong, everyone who thought $6,000 was the bottom was wrong. Analysts will…

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Bitfinex Introduces New Fees, Bitmex Rejects Claims It Trades Against Its Customers

In recent cryptocurrency exchange news, Bitfinex has introduced new withdrawal fees, the CEO of Bitmex has refuted accusations that the exchange’s in-house trading desk trades against its customers, and Malta-based Bistraq Exchange has commenced operations. Also Read: Stablecoins Fetch a Premium as BTC Hits Year Low  Bitfinex to Charge 3% on Frequent Withdrawals Bitfinex has introduced a new fee on external wire requests that appears to be designed to reduce the frequency and size of fiat withdrawals. As of this week, the exchange will start charging 3 percent when its customers…

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Bitcoin ATMs Most Common Scam Payment Method in Australia

The Australian Taxation Office (ATO) has warned taxpayers to be “on high alert” for phone scammers demanding payment through bitcoin ATMs. It said payments via BTC cash machines have now overtaken iTunes vouchers as the most common method of scam payment reported to the tax authority. Also Read: IMF: Central Banks Could Issue Digital Currency Tax Month November Is Prime Time for Fraudsters Around one million Australians are due to pay their taxes to the ATO on Nov. 21. In a statement on Wednesday, ATO assistant commissioner Kath Anderson said fraudsters are…

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Stablecoins Fetch a Premium as BTC Hits Year Low

Officially, Wednesday, Nov. 14 will go down as the worst trading day of the year, as BTC sunk to record lows. Unofficially, there were still green shoots to be found if you knew where to look — mostly to the stablecoin sector. These dollar-pegged assets, normally so resistant to volatility, have been trading at a premium as investors seek sanctuary from the storm. Also read: Preparing for the Looming Bitcoin Cash Fork Nov. 14: Bad Day for Cryptocurrency – Good Day for Stablecoins? On a day when the the market turns…

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Russian Developers to Help Iran Build Its Crypto-Economy

Experts from Russia will provide support for the development of Iran’s crypto-economy. The cooperation is part of an agreement reached by representatives of leading industry organizations from the two countries, both subjected to western sanctions.   Also read: Vietnam at Crossroads on Cryptocurrency Regulations Crypto Associations Sign Cooperation Agreement The document has been signed by the Russian Association of Cryptoindustry and Blockchain (RACIB) and Iran Blockchain Labs (IBL), an innovation hub tasked with the implementation of digital technologies in the economy of the Islamic Republic. The research and advisory center…

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Earnings Season: Traders Shift From Cooling Crypto Market to Volatile Stocks

Cryptocurrency markets are seeing further stability this week amid Q4 earnings season. The continuing trend is now even making industry businesses adjust their focus to keep customers interest high. Crypto No Q4 Wild Card While some assets have shown more volatility than others, the picture from within the top ten cryptoassets by market cap remains decidedly flat. For several months, markets have failed to produce significant rises or falls beyond temporary swells in some altcoins. Bitcoin, which just months ago often saw intensely volatile periods, has entered a stage of…

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Fork Watch: Disputed Consensus and an Abundance of Game Theory

In less than 24 hours the Bitcoin Cash (BCH) network will be facing a hard fork involving consensus changes that are currently disputed and may lead to a blockchain split. Two development teams have proposed different paths for the Nov. 15 upgrade and the clashing BCH reference implementations will be incompatible with each other after the fork commences. Also read: Preparing for the Looming Bitcoin Cash Fork Nov. 15: Two Incompatible Clients With Different Ruleset Changes The Bitcoin Cash community plans for a network hard fork twice a year and this…

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