Markets Update: Crypto Markets Continue to Spike Higher

Cryptocurrency markets are on the rise again this weekend as the total market capitalization of all 1,500 digital assets touches $465Bn. Bitcoin core (BTC) volumes are still lower than a few weeks prior but bulls have managed to press past resistance reaching a high of $11,480 during last night’s trading sessions. Also read: Crowdfire Founders Plan to Launch Indian Bitcoin Exchange BTC/USD Markets Eye the $12K Zone Digital asset markets are on the rise again this weekend as most cryptocurrencies are seeing gains between 0.60 to 15 percent. BTC/USD markets are…

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Rebel Bitcoiners in Ecuador Open First Crypto ATMs

The government of Ecuador launched an all-out war on cryptocurrency about four years ago, even going so far as to push its own state-backed version. With local lapdog media attempting to scare the country’s populace, something of a backlash has taken place. A rather brave group of bitcoiners have opened crypto automated teller machines (ATMs) in the nation’s capital, and the government is not happy. Also read: EU Losing Patience – Urges Global Crypto Regulation Bitcoiners in Ecuador Defy Ban Paz Gómez of Antigua Report notes, “The Ecuadorian government has been…

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Robotina to Utilize Blockchain Technology to Modernize the Way We Interact with Energy

With a critical energy consumption problem currently plaguing the world, Robotina seeks to rethink the way we interact with traditional power networks. By deploying a myriad of modern technologies to optimize energy consumption, individuals will be able to not only save on costs but help save the planet as well. A Growing Power Problem With international energy consumption levels growing at an exponential rate and a variety of renewable sources entering the playing field, energy management has become an immense problem to systematize. To address this growing problem both a…

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NEO Is Either a Raging Success or a Total Disaster

What to make of NEO? The Chinese blockchain is, on paper, the most successful Asian cryptocurrency project to date. It’s listed on most major exchanges, boasts high trading volume, hosts numerous ICOs and has smart contract functionality. Not everyone is impressed though. Critics have called NEO a centralized, expensive, and unusable disaster. So which interpretation is true? Also read: JP Morgan Chase Fears Crypto Is Disruptive Competition Success Lies in the Eye of the Beholder Da Hongfei NEO founder Da Hongfei is a man of few words. Despite having a Twitter…

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16 Government-Approved Crypto Exchanges Forming Self-Regulatory Body in Japan

16 cryptocurrency exchanges that have been approved by the Japanese government are teaming up to form a self-regulatory group, following the hack of one of the country’s most popular exchanges. Besides these exchanges, there are 16 “quasi-operators” for cryptocurrencies as well as about 100 firms seeking to enter the market in Japan. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Exchanges Forming Self-Regulatory Body Japan currently has no self-regulatory body. However, following the major hack of one of the country’s most popular crypto exchanges, the need for…

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1200 Australian New Agencies Are Selling Fractions of Crypto

Cryptocurrency enthusiasts from Australia now have the ability to purchase the digital assets bitcoin core (BTC) and ethereum (ETH) via regional 1,200 news agencies. Newsagents are using the idea to help declining interest in newspaper and magazines. Also Read: Australian High School to Host Information Night on Cryptocurrencies  Australians Can Now Buy Cryptocurrencies With 1,200 News Agencies Residents from Australia will be able to purchase BTC or ETH with just “$50, and email address and a phone number,” says the financial news outlet the Australian Financial Review (AFR). Agents who provide…

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Bitcoin’s Recent Rollercoaster Ride and Its Price Direction for March 2018

It was less than one month ago that the cryptocurrency world was in a panic and Bitcoin was plummeting from a high in December of almost $20,000 to a low in February of under $6,000. Now less than one full month later Bitcoin has rebounded surpassing the $11,000 mark on Friday, March 2, 2018. The Cryptocurrency Climate  According to Coinmarketcap, on December 16, 2017, BTC peaked at a high of over $19,500 depending on the exchange purchased at. This is in stark contrast to the price of under $6,000 that…

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Germany Treads Lightly on Bitcoin Taxation

Germany is taking a lead within European Union established economies, deciding upon slow regulation when it comes to the world’s most popular cryptocurrency, bitcoin. It will not tax the digital asset as a form of payment, miner rewards escape the sting as well, and even some exchanges will receive exemptions.   Also read: Bitcoin Futures Regulator Allows Employees to Trade Crypto Germany Slows on Taxing Bitcoin Bundesministerium der Finanzen, Germany’s Federal Ministry of Finance, issued a four page document outlining its tax regime regarding bitcoin, VAT treatment of Bitcoin and other…

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Bitpay Launches Bitcoin Cash Debit Card Top Ups

In late 2017 the bitcoin payment processor Bitpay revealed it would add the ability to process payments for multiple blockchains — starting first with the bitcoin cash (BCH) chain. Now on Thursday, the Atlanta-based company announced that BCH transfers can be applied to the firm’s Visa card invoice loads. Also Read: Dutch Bank That Once Called Bitcoin ‘High Risk’ Considers Building Crypto-Wallet Bitpay Enables Bitcoin Cash Visa Loads The payment company Bitpay has begun its initial rollout to support bitcoin cash payments. News.Bitcoin.com reported on Bitpay announcing last December it would…

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How a Single Tweet Wiped $90 Million off Waltonchain’s Market Cap

Digital marketing guides are filled with cautionary tales of social media faux pas that have caused brand suicide. All it takes is an insensitive tweet from a marketing intern to leave a corporation groveling and its stock in the doldrums. It turns out that the world of cryptocurrency isn’t so different. After sending and hastily deleting an erroneous tweet, Waltonchain saw its market cap plummet by $90 million in the aftermath. Also read: Genesis Launches Whale Sized Crypto-Loan Service The Cryptocurrency Giveaway That Was an Inside Job Unlike the fake giveaways…

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