How Crypto Winters of Bitcoin’s Past Compare to Today

Cryptocurrency and bitcoin proponents have been patiently waiting to see if crypto winter is returning as the recent price decline has shaken investors. Digital assets have been meandering aimlessly over the last week and in order to gain some perspective, it’s always good to study the last decade of previous bear market trends. Also read: China Removes Bitcoin Mining From Unwanted Industries List Crypto Prices Slide Again, Making Traders Question Whether Crypto Winter Is Really Over After BTC and other digital currencies touched all-time highs in 2017, the following months…

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Holders of the Digital Yuan Will Not Be Paid Interest

China has been sending mixed signals about its preparedness to issue a national crypto. Despite the new blockchain push, there is still no timeframe for the anticipated launch of the digital yuan and few details have been revealed so far. However, a senior official from China’s central bank pulled the curtain back slightly this week. Also read: Turkey Becomes the Latest Nation to Work on Digital Fiat China’s Semi-Blockchain Based Currency to Start a ‘Horse Race’ Beijing’s Digital Currency Electronic Payment (DCEP) project, which will be similar to Facebook’s Libra…

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Five Reasons Why Bitcoin Price is Crashing Right Now

Bitcoin price first dipped a toe under the $9,000 mark, then went on to erase profit positions gained since the dramatic rally at the end of October. The slide took BTC to $8,780.84 as of 15:25 GMT on Friday, with plenty of leeways to drop as the weekend hovered with lower volumes. Here are five reasons why this happened.  Bitcoin Whales Calling Quits Crypto exchanges saw outflows in the past days, with no new serious tranches of either BTC or Tether (USDT). The recent dump, based on order books, seems…

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Bitcoin Usage May Spike Following Cash Restrictions in Malaysia

Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations. Cash Restrictions May Boost Bitcoin Adoption The Malaysian government plans to impose restrictions on cash transactions reports local media platform The Star. According to the publication, the move is part of efforts to combat money laundering in the country. Commenting on the plan, Datuk Abdul Rasheed Ghaffour, the deputy governor of Malaysia’s central…

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Crypto Tax Guidelines Leave More Questions Than Answers

Cryptocurrency holders have long wrestled with their tax obligations. These fiduciary duties have been complicated by tax agencies, which are several steps behind technology and now playing crypto catch-up. Updated guidelines from the U.S. and U.K.’s tax agencies were finally released this year, but the initial relief felt by conscientious bitcoiners was to prove short-lived, for on closer examination, the documentation has left many crypto questions unanswered. Also read: Crypto-Friendly Silvergate Bank IPO Debuts on NYSE It’s 2019 and Tax Is Still Taxing The lack of uniformity regarding tax on…

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Bitcoin Suisse, Worldline will Fulfil the Swiss Crypto Dream

A new partnership between Bitcoin Suisse and Worldline might result in rampant crypto adoption in Switzerland. Switzerland has always been known for its extremely well-developed financial industry and the acceptance of various emerging technologies. However, while it’s Crypto Valley is also well-known, there is still a lot of room for growth when it comes to actual crypto adoption. The country is still not using cryptocurrencies for making everyday purchases, which is something that might change in the near future. Crypto payments are coming to Switzerland According to recent reports, two…

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After NASDAQ, will Blockchain Drive the Next Stock Market Revolution?

Paxos, which operates a cryptocurrency exchange and several stablecoins, obtained the nod of the US Securities and Exchange Commission (SEC) to run a pilot project that will leverage blockchain for the stock market, according to a statement released last week. Settling Stocks with Blockchain Last week, Paxos obtained the no-action relief letter from the SEC. It confirms that the regulator doesn’t mind the startup’s blockchain trial. Paxos intends to build a blockchain-based infrastructure to settle and clear stock trades more rapidly and cheaper. The pilot project will operate with stocks…

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Bitcoin Price Dips Below $9,000 as Global Stocks Slump

Bitcoin price teetered on the brink of $9,000, breaking down along with global stock prices. Analysts believe the Friday slump across markets is a response to the still uncertain trade deal between the US and China. Stock Market Gloom May Spill Over Onto Bitcoin Stocks slid across the board on Friday, as optimism waned on the US-China trade deal reported the Wall Street Journal. The DJIA fell by 1% to 26,666 points, the same loss was logged by the S&P 500 futures, to 3,085 points. The stock prices are a factor…

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Binance DEX Can now be Accessed on Trezor Crypto Wallet

Binance DEX will now be available on the Trezor wallet, opening a new doorway for trading crypto assets. This also expands the presence of Binance as a hub for all crypto-related services. Crypto Users Control Their Private Keys Trezor offers both an agile access to multiple crypto assets, and a hub to control the hardware wallet. This combines a secure approach to cold storage, which keeps the private key offline while letting users quickly access their stored coins. .@Trezor supports @Binance_DEX now.#BinanceChain #useBNB pic.twitter.com/hA8smGUSHv — CZ Binance (@cz_binance) November 8,…

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Ex-PBoC Boss: Facebook’s Libra Will Work Better if it’s in IMF Custody

A former head of China’s central bank has come out to say that Facebook’s Libra would be better served under the control of the International Monetary Fund (IMF). Facebook’s proposed digital payment platform continues to draw criticism from financial regulators around the world. Libra Would Work Better Under IMF Custody Zhou Xiaochuan, former head of the People’s Bank of China (PBoC) says Libra has little chance of succeeding outside the control of mainstream financial institutions. Commenting on the matter, Zhou remarked: People will question the motive of Libra as it’s…

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