Hollywood Actor Kevin Connolly Directs New Television Pilot ‘Cryptos’

The North American Bitcoin Conference in Miami had a surprise visit last Thursday when Kevin Connolly, the actor from the HBO series “Entourage,” announced a new television show called “Cryptos” is under development. Connolly hopes the new show will help the public better understand the innovative cryptocurrency ecosystem. Also Read: Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash Support Entourage Actor and Blockchain Advocates Begin Pre Production of Cryptos Digital currency fans will be intrigued to hear about a new television show called Cryptos, a series that’s currently being produced by the…

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Bitcoin’s Liquid Sidechain Welcomes Japanese Yen Stablecoin

Blockstream has announced Crypto Garage, a joint venture with Digital Garage and Tokyo Tanshi, to serve the Japanese Bitcoin market. The partnership will soon launch the Liquid sidechain based SETTLENET suite, the first application of which will be a yen-pegged stablecoin. SETTLENET on Bitcoin’s Liquid Sidechain The SETTLENET suite aims to provide Japanese exchanges and OTC trading desks with enhanced liquidity, speed and security. Although why Crypto Garage feel the need to shout SETTLENET every time is anybody’s guess. Exchanges can issue the JPY-token (L-JPY) on the Liquid sidechain, and trade it against Liquid Bitcoin (L-BTC) using…

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Current Crypto Bear Market Set to Become the Longest Ever

The market downturn that has prevailed since early 2018 is now within weeks of becoming the longest winter in the history of the cryptocurrency markets. Despite being on course to become the longest downtrend in BTC’s annals, the current market has produced the weakest drawdown of the three major bear trends experienced by BTC so far. Also Read: How to Buy Bitcoin Anonymously Cryptocurrency Markets Within One Month of Comprising Longest Downtrend Ever On Jan. 16, 2019, CNBC’s Ran Neuner tweeted that the 2018/2019 bear trend had entered its 390th day…

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Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison Time

The infamous Mark Karpeles, former CEO of the now defunct bitcoin exchange Mt Gox, appeared in an exposé interview on Monday and publicly discussed how he tolerated Japanese jail. Karpeles explained how he’s been accused of financial misconduct in a land that has a 99 percent conviction rate and he wouldn’t wish his experience on anyone. Also Read: Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash Support Mark Karpeles Speaks of Japan’s “Hostage Justice” in Latest Interview This week, Mark Karpeles spoke in an interview about his experience in a Japanese jail after…

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Indonesia’s First Unicorn Go-Jek Buys Bitcoin Startup

Indonesian multi-platform behemoth, Go-Jek, recently acquired Philippine-based Cryptocurrency payment company, Coins.ph. Reports indicate the move allows Go-Jek to expand its cashless service delivery across its plethora of service delivery platforms. Go-Jek Buys Majority Stakes in Coins.ph According to TechCrunch, Go-Jek acquired majority stakes in Coins.ph in a deal worth north of $70 million. Announcing the move, Go-Jek CEO, Nadiem Makarim, said: Today’s announcement marks the start of our long-term commitment in the Philippines and the continuation of our mission to use technology to improve everyday life and create positive social impacts.…

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Xapo Transfers Key Operations to Switzerland

Global crypto services provider Xapo is moving major operations from its base in Hong Kong to its office in Switzerland. The company is incorporated in the Asian financial hub but that may also change soon due to the friendlier business environment in the Alpine nation. Also read: Russian Institutions Back Proposal to Let Companies Use Cryptocurrency Wallet Customer Services to Be Based in Zug Xapo is a major player in the cryptocurrency industry offering wallet and cold storage services for digital assets as well as a virtual bitcoin debit card.…

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Romania Imposes 10% Tax on Cryptocurrency Earnings

Romania has amended its tax laws, allowing it to start taxing gains from bitcoin investments at a rate of 10 percent. The improved fiscal code legislation categorizes earnings generated from buying and selling cryptocurrencies as “income from other sources” and therefore subject to income tax, local media reports. Also read: Falcon Private Bank Launches Crypto Wallet With Support for Direct BTC and BCH Transfers Only Gains From Crypto Investments to Be Taxed Romanian daily financial newspaper Ziarul Financiar quoted Adrian Benta, a local tax consultant, as saying: “Now, the earnings from bitcoin…

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London Stock Exchange Confirms Tech Sale To Hong Kong Cryptocurrency Exchange

The London Stock Exchange (LSE) is entering the cryptocurrency market, albeit cautiously, after it sold its trading technology to Hong Kong exchange AAX. LSE Conscious Of Crypto Exchange Boom As the Financial Times reported January 22, LSE has offered its Millenium Exchange matching system to AAX, in a deal similar to that signed by Nasdaq and Estonia’s DX Exchange earlier this month. “If you look at the traditional market, there is a limited number of traditional exchanges,” the publication quoted Lorne Chambers, global head of sales and marketing at LSEG…

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Why Cryptocurrency Custody Solutions Are on the Rise

The last six months has witnessed significant growth in the number of businesses and banks launching cryptocurrency custodial services. These solutions give institutional investors peace of mind that their assets are secure, insured, and under the care of a trusted third party, freeing them from responsibility for safeguarding their cryptocurrency. Also Read: Fidelity Launching Crypto Custody and Trading Services Recent Crypto Custodianship Launches The number of crypto custody solutions being launched is growing rapidly. These services are aimed at institutional investors such as hedge funds, family offices and market intermediaries. According to…

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Bitcoin Should ‘Depart’ From Proof-of-Work, Says Bank Of International Settlements

Bitcoin figures have dismissed the latest report on cryptocurrencies by the Bank of International Settlements (BIS) after it claimed Bitcoin must stop using its Proof-of-Work algorithm. BIS: Bitcoin Must Drop Proof-of-Work The report, ‘Beyond the doomsday economics of “proof-of-work” in cryptocurrencies,’ was released January 21. It focused on double-spend attacks within cryptocurrency blockchains, as well as the long-term future of Bitcoin mining profitability and blockchain stability. Agustín Carstens, BIS General Manager The BIS, also known as the central bank of central banks, is well known as an outspoken critic of…

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