Month: November 2019

Ethereum (ETH) may bring another round of staking enthusiasm if it moves forward to further replace mining in 2020. New Staking Projects Appeared in the Past Year Staking coins may come in fashion again, as passive income and slow growth replace previous highly speculative uses. Staking is nothing new in the crypto space, but this time around, there is better infrastructure and more reliable projects. The 2020 prediction comes from Alex Kruger and takes into account the staking success of Tezos (XTZ) so far. Passive Income is not a “meme”.…

Despite being one of the most discussed topics in the last few years, Wall Street still can’t figure out the utility of Bitcoin. Bitcoin Needs Greater Utility, Bakkt CEO Says Adam White, CEO of Bitcoin futures exchange operator Bakkt, said that “there needs to be greater utility” for Bitcoin. Nevertheless, it didn’t stop Bakkt, a subsidiary of NYSE parent Intercontinental Exchange (ICE), to promote crypto adoption on Wall Street, even though it launched the crypto futures platform after several delays. Speaking at a conference in New York, White said: “There’s…

The International Monetary Fund (IMF) recommends that Georgia include the income from crypto trade and mining in its foreign trade balance reports. IMF Welcomes More Transparency on Crypto Mining The IMF’s suggestion is quite relevant, given that Georgia is currently the 4th largest producer of digital currencies from mining operations. Thus, the government should take into account the income from this kind of activity. The media reported that representatives of the IMF had already met with leaders of large crypto-oriented companies working in the mining sector. Miners were told to account…

Russia may prohibit crypto payments for goods and services, but achieving such a ban might be quite difficult. This is the conclusion of Anatoly Aksakov, Chairman of the State Duma Committee on Financial Market. Ban Enforcement Might Be Challenging Aksakov told local media that enforcement on the use of crypto for payments is difficult from a practical perspective. The official commented: “In the draft law on [digital financial assets], these instruments (cryptocurrencies) were prohibited. Accordingly, other bills were being prepared in parallel; [they] were aimed at introducing responsibility for conducting…

Endorsed by Gov. Brian Kemp, Kelly Loeffler, CEO of the Bakkt bitcoin futures exchange, will be offered a seat in the Georgia Senate next week. Bakkt Boss Takes Hot, Disputed Spot in Senate Loeffler will displace the previously offered candidate, U.S. Rep. Doug Collins, defying the expectations for appointing the long-serving congressman. Her appointment has the aim of building up a female presence in the Georgia branch of the GOP, hopefully building up the party’s appeal to women, reported AJC. But this also brings in one of the most prominent…

Ethereum Foundation member Virgil Griffith was arrested on Thursday for traveling to North Korea to hold presentations regarding crypto and blockchain technologies and their use for evading sanctions. ETH price, however, has remained unaffected by the news.  Manhattan U.S. Attorney’s office released an announcement about arresting Virgil Griffith. Griffith is a US citizen and an Ethereum researcher, who allegedly provided the North Korean government with what was described as ‘highly technical information,’ knowing that it could and would be used for helping the country evade sanctions and launder money. USA…

Crypto exchange Sideshift’s SLP token, SAI, has scored remarkable gains in value this week. Its price jumped well over 30% on Thursday, from $0.0310 per coin early on Nov. 28 to over $0.0450 a few hours later, and to a record high of 0.0473 on Friday, Nov. 29. Also read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange SAI Maintains New Higher Price Range SAI is the native token of Sideshift AI, an automated coin swapping platform that allows users to quickly exchange around two dozen cryptocurrencies, including bitcoin cash…

Reports are emerging that Russia’s stance on crypto has turned negative. The news comes in the wake of a week of FUD stemming from another ‘bitcoin ban’ in China. It is no surprise that central banks do not favor decentralized currencies in a world where they’re racing to launch their own ones. Russian Central Bank Negative on Crypto Crypto markets are slowly showing signs of recovering from a six month low when another round of FUD has hit the media. According to local reports from state media, the Russian central…