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Showing posts with label Bitcoin. Show all posts
Showing posts with label Bitcoin. Show all posts

Are there any hopes left for Bitcoins to rise?

Bitcoins and Cryptocurrency in particular has seen a lot of modifications in the last few months and hence it became next to impossible to judge as to what shall be the scenario of Bitcoins besides Cryptocurrencies in future.
Some have gone on to predict that Bitcoins as well as Cryptocurrency Market is going to be stable while there are others who are not so sure about it. It is better that we look at what some of the experts from Market Analysis Team has to say.
Bitcoin Price Predictions
According to Tom Lee and Robert Sluymer from Fundstrat, (a) Market Analysis Firm believe that there is certainly going to be a change in this aspect. Lee supports his claim along with strong reasons as he says that space would provide ‘lucrative’ business opportunities. When there is a scenario like this then who would say a no to anything?
Most importantly banks might wish to make use of this space to their best of capabilities (could be). And with time Cryptocurrencies would be monitored on regular basis; they shall also have a Regulatory Climate giving them space to grow in a great manner.

Mining Cost
Another of the reasons that made Lee make his statement is the fact that there is indeed cost of mining Bitcoins attached. He went on to state: Bitcoin has over the past held on to the cost of mining so it is obvious that there has to be some sort of back up to ensure that cost of mining is met.

Recovery Process
As per Robert Sluymer, it was about time that there is a change in the way cryptos look. Latest news related to Bitcoins has seen that there can never be a lull for longer durations. Sluymer, however has something else to add to his views on Bitcoins.
He says that if Bitcoin has to stay in this business then it is necessary for it to hold on to $7350 and $7000 respectively. Only when this level is maintained that Bitcoins may for the most part not see any dropping down.

Predictions of Bitcoins in near future
Even John McAfee, Founder of McAfee Antivirus Software seems to have a positive outlook when he predicted that Bitcoin is indeed going to hit $1 million! It may also be noted that McAfee had predicted the previous year about Bitcoin hitting $7000 and indeed it has exceeded this prediction.
On the other hand, Kristjan Dekleva, a Swiss based Financial Expert has something else to add to all the speculation surrounding Bitcoins. Dekleva says that there shall be another 10 years or so before things started falling in place (in other words there may be stability).
With such and many other predictions, it is better we list out as to what to expect from the fluctuating market out there: firstly, there may be price fluctuations (which tend to be normal), secondly Bitcoin has set itself in a manner that it turns out to be a standard for most of the crypto or rather virtual currencies; third, fixed supply of Bitcoins will be affecting its price mostly in future.

Cryptos have for the most part termed to be risky, yes, hence, it is best to invest only the amount which you can lose rather than investing complete savings of yours. The same goes for the rest of the investments.
Wait, understand, observe and think before you step in to this world of cryptos is the order of the day.
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A Possibility that ICOs could be Limited: states Compliance Trilemma Study

Initial Coin Offering which is abbreviated as ICO will never be out of action! Well, Bitcoin has brought fire to the news reports and now latest to feed news with something to show as proof is ICO aka the Initial Coin Offerings. Read on to know what this study reveals.

Compliance Trilemma being Faced by Initial Coin Offering
Over a time period of 6 months, a team ran investigations over ICO Space. This team had been funded by not only the Government of Canada but also by the University of British Columbia.
North America along with a few other countries came under the radar for this research and this study found out that most of the people (or at least the ones who were interviewed for this study) felt: ICO issuers have been facing a kind of ‘trilemma’!

What is Compliance?
Before we go ahead with a detailed report of trilemma, let us understand basics of compliance: that turns out to be: Regulations in Home Jurisdiction of not only the Investor but also the Issuer.

Compliance Trilemma
Trilemma, occurs when two out of the three objectives could be only addressed at a particular point of time. These are none other than ‘to reach distributed pool of the investors’ with other one being ‘have a complaint offering’. One more interesting fact is: these have to be in a cost-effective mode only.
An individual should understand a simple fact here which is: ‘broadly distributed pool of investors’ is the most benefited lot from ICO; it is according to the funding mechanism. The more investor pool becomes distributed the better, as cost of complying with that of ‘financial regulators’ grows.
In case this does not happen then risk of non-compliance rises resulting in nothing else but trilemma: wherein you either compromise on all three goals or stay happy with two of them.

Approaches available to ICO Issuers
There are three kinds of approaches that ICO issuers can make use of, below you find detailed list of these approaches:
Approach 1: Maverick ICO
As per this option, one can ignore compliance to maximize ICO reach besides cost effectiveness. There is huge risk involved here due to regulatory enforcement.
Approach 2: Hybrid ICO
There is another approach that results in compromise(s) on 3 dimensions; happens when issuing in select markets. Due to such a scenario, there would be compliance plus investor scope besides bounded cost effectiveness.
Approach 3: Private ICO
Third approach solely speaks about accredited as well as institutional investors. This happens only after there is a sacrifice in distribution. There is a plus point here because cost effectiveness is not to be affected but in ‘secondary market trading control’ there can be challenges.
Approach 4: No ICO
Individuals who opted for this approach felt better at all ends as they chose regulatory authority over approaches.

45 interviewees gave in their views on compliance trilemma and most of them thought clarifications on regulations would be helpful.
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Bitcoin Crypto Basket ETP Has $400,000 in First Week’s Trading at SIX Swiss Exchange
Amun had recently launched Bitcoin ETP or the Bitcoin Exchange Traded Product on SIX Swiss Exchange, which is based in Zurich, Switzerland. For your information, SIX Swiss Exchange is one of the leading Swiss Stock Exchange for Trading of not only shares but also bonds, investment funds and exchange traded funds apart from similar other stuff.

$400,000 Collected from Trading Bitcoin ETP
Of course, in a week’s time from the minute Bitcoin ETP began its trade on SIX Swiss Exchange, it has amassed about $400,000 in trading. All this could happen post launch of it by Amun. It comes as a surprise because the collection as per reports has crossed even the turnover that usually comes from gold, oil or silver!
But one cannot be assured of the fact that this turnover would remain the same or no in the longer run. This Exchange Traded Product available at Swiss Exchange has Bitcoin, Ethereum, Ripple and Litecoin. Bitcoin Cash could not make it there due to Bitcoin’s hard fork that affected almost whole of cryptocurrency world out there making investors go berserk to a certain extent regarding what would be the next step.

Other Aspects to be Known about ETP or Exchange Traded Product
It was Amun AG’s idea to bring Exchange Traded Product aka ETP in to focus however, this is not the only aspect that has seen the daylight as there are other things as well which will be going to be a part of the whole set up soon.
One of them being ‘blockchain technology’; as Amun plans to have blockchain technique fit in with the backend processes. In addition to this, Swiss Exchange Traded Product is different from that of ETF seen in cryptocurrency. (Remember ETF in cryptocurrency is nothing but Exchange Traded Funds).

What is Swiss ETP?
ETP, like earlier stated is short form for Exchange Traded Product, it does not depend on futures.
In Hany Rashwan, CEO and Co-Founder of Amun AG words: “Whenever any investor is going to purchase it then corresponding amount of actual crypto assets is purchased besides being stored with qualified custodian.”

World’s First Multi Crypto Based ETP at Swiss Exchange!
Yes, it is going to be first of its kind in the world to have ETP/ Exchange Traded Product on SIX Swiss Exchange, again principal Stock Exchange in Switzerland! Interestingly this ETP is nothing short of a multi-crypto ETP at the global level and shall be listed under the Index HODL.

As reported earlier, there were five of the major cryptocurrencies listed here, namely: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) [already removed post hard fork], Litecoin (LTC) and Ripple (XRP).
And within a short span of time, ‘Bitcoin Crypto Basket ETP’ has already seen a surge of $400,000 in trading! When such a figure is indicated in the first week itself then it is to see what would happen in near future especially when Bitcoin ETP is in question.
A wait and watch policy, may be?!?

It is indeed no more a surprise to find Binance spreading its roots to various parts of Europe besides turning itself to become one of the top notch crypto exchanges the world could witness. And with ‘Binance Jersey’, crypto fiat channel gets a link wherein an individual can either sell or buy both Bitcoin and Ethereum.


Isn’t that great?

Well, ensuring there is ease of use; buying or selling of crypto coins can be done in Pounds as well as in Euros.  By utilising Binance’s technology, blockchain industry shall witness some of the upbeat versions of crypto exchanges that technological advancement could offer at the moment.

User Friendly

Of course, being ‘user friendly’ is what these Cryptocurrency Exchanges aim for.
Simple yet Intuitive Interface. Able to Process close to 1.4 Million Transactions in a Second whilst Guaranteeing Maximum Security apart from Quick KYC Processing and 24/7 Customer Support… what else could a crypto enthusiast ask for?

This is what we get when there is a fast, secure and a reliable platform built specifically keeping all the facts together that Crypto Enthusiasts look for. Doing so gave birth to “Binance Jersey”, an arena for making Crypto Trading a lot easier plus a simple task.

Digital Asset Management

What one gets here is crypto trading exchange between Ethereum ETH, Bitcoin BTC and British Pound GBP, Euro EUR. Along with this, there is introduction of the Digital Asset Management Services for the users. You can make use of this from any part of this globe!

If you notice then there are close to 4 Crypto Trading pairs made available for the users at Binance Trading Platform. You also shall be happy to hear of the fact that Registrations, Deposits besides Withdrawals have been made available now for the users’ benefits.

Looking for a 20 EUR Reward?

Well, ah, yes, you have read it correctly; there is a sweet reward of 20 EUR to the first 5,000 Users who register at www.binance.je. However, do not forget to complete the Account Verification aka the KYC else you may lose out on this upcoming reward!

Simple Yet Effective Methodology

Creating an account by registering and uploading KYC; Depositing Assets: Fiat (EUR) or (GBP) / Crypto (BTC) or (ETH). And voila! There you go: Begin Trading! Binance Jersey turns out to be a different one of its kind because with this, you get to earn 80% commission all by inviting friends to the platform!


Binance is not the only player in the game as with it there is also ABCC Crypto Exchange who has already announced its plan for partnering with Tron in order to list out its tokens on TRC10, which is technical standard of TRON.


However, it is now to see as to how far can Binance pull out crypto enthusiasts so as to bring its Binance Jersey to the fore front in no time soon.

Keep watching this space for more updates on Cryptocurrency and Crypto Trading Exchange news!
Over a period of few weeks, cryptocurrency market has seen only downside yet there are a lot of investors who believe in the fact that: cryptocurrency is here to stay for long. These investors are the ones who are capable enough to handle severe losses while taking high risks when it comes to investments.


But what about minor investors? Is the whole question which remains unanswered to most part?

Crypto Market Crash to be Short Term

Reports apart from experts from crypto field have said that retail investors along with some individuals ended up selling high risk assets such as Bitcoin (BTC) and Ethereum (ETH) in the wake of ongoing fluctuations in cryptocurrency world. Reasons behind them drifting away from these assets is simple: they have to cover expenses and with no option left, they resort to selling these risky assets.

Read Also: Cryptocurrency Market Place Analysis


When there is 80 to 90 percent drop, it is pretty much obvious for people to find solutions to the problems arisen recently. There are also other people who believe that crypto market crash witnessed in the past few days will be only for a while now and would not last long.

According to a Charity Fund Executive from the United Kingdom, this crypto crash shall recuperate itself within a short span of time and it would not be long enough before things came back on track. Even the Chief Investment Manager at CCLA, James Bevan, added to these statements saying, at the level of traditional finance, there are surprisingly a number of road blocks that people face so cryptocurrencies are no different from them.



For your information, CCLA is one of the top Fund Managers in the United Kingdom and as per their reports, they have invested about £7,842 million in different assets under the tag ‘management’. This record is till the March of this year though.

Billionaire Investors and their Thoughts on Cryptocurrency Pricing

On the other hand, a few investors from the billionaire group have some more points to add. This list is inclusive of Tim Draper, Jim Breyer and Mike Novogratz among the others. In their views, there is going to be a ‘long term trend of Cryptos’!!!

Now if you question here about it being easier for wealthy investors to take risks, then you are absolutely correct however, there are other aspects to be looked at before coming to a final conclusion and some of these include the way ‘bear market’ has seen its ups and downs.

Read Also: Bitcoins Fall Below $4,000, all time low! 


‘Fluctuations’ is a word that has turned favourite for cryptos at the moment and specifically when the talk is about Bitcoins and its price today. One aspect to be made a note of is that you shall certainly be surprised to know as to how and when will Bitcoin Recover from the losses it has faced so far.
Certainly, a doubt has to be answered and when it is about Bitcoin Pricing then let us throw light on how in the past, it took about 67 weeks for Bitcoin to recover! Yes, you read it correctly, 67 weeks and so, hope is not lost altogether but of course, we cannot assume that the future would be the same! Do you?
Blockchain has inched itself closer to most of the departments it can. Even recently we reported of how many official departments are taking advantage of the latest technology through which records can be maintained in an easy manner.


Interestingly, blockchain has not refrained its use to the West because even one of the South Indian Governments has taken forward blockchain thereby bringing itself up to date with the techniques used. Usually, in Andhra Pradesh Government, they used blockchain technique to maintain Land Records besides Vehicle Titles while in other places research is still being conducted regarding usage of blockchain.

Also Read: 

AP government considering blockchain


How can Facebook be Left Behind in Use of Blockchain?

Of course, Facebook comes across as those platforms wherein they end up utilising latest technologies. Hence, it was about time for this giant to step in to the world of blockchain! It was first reported by some sources in October that Facebook plans to bring in both Blockchain and Cryptocurrency in its platform.


There was however, nothing clear about the way it would take this forward. What had started as a rumour appears to be turning true with recent events. Well, for your information, there have been job listings in LinkedIn related to Software Engineer but in Blockchain domain!

If reports are anything to go by then indeed there is something cooking in the house of Facebook which remains unclear at the moment. Barring a few exceptions, it may be noted that people are being recruited at the Social Media Giant for Software Engineer’s Post, however, their roles have not been defined clearly or sources may go on record and say that their roles or for that matter purpose of bringing them to Facebook has been hidden.

Use of Stellar Network in Facebook Blockchain Collaboration

Though unclear about Facebook’s intention of blockchain usage in its platform still some sources hinted at Stellar Network. This network is in its initial stages which is to be developed in near future.
When recollecting past reports, Facebook considered Blockchain Technique way back in the year of 2016.


Since then there were experiments for turning Facebook in to a more secured platform. To add to the speculations, Mark Zuckerberg, Co-Founder, Chief Executive Officer and Chairman of Facebook revealed of his plan to ‘fix Facebook’ somewhere in January of 2018.
Plans included ‘encryption’ for the most part!

What is Facebook Planning to do with Blockchain?

In crypto world, blockchain mostly deals with payments but at Facebook, this latest technology shall hold more ground to ensure that it can be dealt in a professional manner. For example, ‘providing foundation’, by doing so there would not be a set limitation to the number of opportunities that lay ahead.

No word from the offices of Facebook

There has not been any official word so far from the house of Facebook but speculations are rife regarding integration of blockchain with social media platform like FB.

Let us know if you would look forward to a FB Blockchain collaboration and what shall be its effects in comments below.


Also Read: 

Stablecoins seem to take over most of the cryptocurrencies and we can say this because Cryptocurrency exchanges are moving towards roping in their stable coins in their exchanges. For starters, stable coin is another set of cryptocurrencies wherein price volatility effects are minimized to a great extent.


Bitfinex and Ethfinex Back USD Stablecoins

Recently, there was an announcement made according to which Bitfinex, a Cryptocurrency Exchange along with Ethfinex have decided to extend support to four more stable coins in their trading list. These stable coins are supported by USD and this is the reason for both Cryptocurrency trading exchanges to enter in agreement with them.

Who Can Utilize New Cryptocurrency Trading Facilities?

New Cryptocurrency Exchange Trading facilities have been specifically designed keeping in mind all the Crypto Traders out there. It would indeed be easier for them to deposit as well as withdraw a stable coin.

Another aspect attached to the list of perks - ‘trading verification status’ is never going to have any affect on trading. Nevertheless, the whole set up of not only Bitfinex but also Ethfinex is that it is only open to the ‘verified traders’ and that to only in their platforms.

Stablecoins Available in Cryptocurrency Exchange

Currently, four stable coins have been included to the existing list of trading and they are as follows: first one being USDT/ Tether, second one is True USD or TUSD, while third one in this list is Gemini Dollar aka GUSD whilst fourth one is none other than Paxos or PAX.


With such a combination of coins coming together on a single platform, you may be surprised to witness that this platform still remains to be rationalistic as far as it can make itself to be.
In a similar way, other Cryptocurrency exchanges have begun to take forward the tradition of including stable coins in their list of crypto trading thereby giving an option to crypto enthusiasts to select from numerous listed trading exchanges.

Is It?

There are however, other things that have to be taken a note of, one of them being ‘unbiased meeting place’. Such a system shall indeed be an attraction that people would look forward to. Introduction of ‘direct USDT FIAT Trading’ in November ensured that there is going to be a rain of trading pairs which are helpful to many.

Interestingly, there is EURT / EUR Trading Pair apart from USDT / USD Trading Pair on the Bitfinex Platform that gives an edge over others in this competitive world of Cryptocurrency trading exchange.

Some of you may even be aware of the fact stating: exchanges tend to put in to use ‘stabilized tokens’ in order to keep these in the ‘reserve state’. In simple words, reserve would mean that an individual does not have to hurry tokens in to fiat thereby cryptonians do not have to worry about any related situations!

Finally, with Tether aka USDT coming on to the platform of Bitfinex as well as Ethfinex, it is beyond question that crypto market is going to move forward in near future.
Institutional Trading is now a days becoming one of the most sought after notions while on the other hand, there is a rise in crypto exchanges. In spite of this sudden surge in cryptocurrency exchanges, U. S. Securities and Exchange Commission is not leaving a stone to ensure that all of these digital currency exchanges follow rules.


If you have a look at Poloniex, which is a Digital Asset Exchange having a variety of Digital Assets, you can witness the way it is accelerating itself to the top to ensure that there are a number of cryptocurrencies available for trading. And recently, to add to the digital assets list, there is introduction of ‘institutional accounts’!

Why Should One Opt for Poloniex?

It is a very simple question as to why should one settle on Poloniex when there are other exchanges as well? And the answer to this question is also very simple, the team behind Poloniex understands that trading also requires advanced tools from time to time and therefore keeping such a thought in mind, they have come up with an approach that will have far reaching effects in the longer run.
These said effects will without any doubt be positive ones that have the ability to facilitate trading depending on the situation. In other words, all the latest trading tools required by institutions will be in place.


Who Gains from Crypto Asset Trading?

In actual fact, it is both small and large institutions who would be reaping benefits from Poloneix based on grounds such as: powerfully built API Services, endless selection of Crypto Asset Trading Pair besides Support of the Team.

Another bonus attached while using Poloniex is that customers shall be in a position to not give any ‘fees’ for BTC or USDC Trades. Nonetheless, these terms are going to be applicable only for the month of December!

Customer’s experience matters a lot for Poloniex and this is the reason why they strive hard to ensure things work for the best for Poloniex Users. It was even last month that USD Coin or the USDC Trades had $500K fees waived off!

Things to Know

This does not end here because there is still a surprise in store for the users, one of them being, like the one stated earlier: BTC and USDC Trades would not have any fees while the other benefit attached states: users can purchase BTC without paying any extra fees. Option for not paying any fees is only till 2019! So, it is better that you utilise it at the earliest. An individual can make use of ‘free service’ in order to convert USD to USDC through Circle!

Poloniex is going to be up against GDAX from Coinbase and when more than one firm is involved in institutional trading, then it is to see who wins this game! While Users of any cryptocurrency exchange or institutional trading shall look forward only to the benefits that they can reap from trading giants available out there in the crypto world.
What if you get to use a technique through which you can actually ‘guess price of digital assets?’ As in you can have an idea of whether a digital asset is going to rise or fall?! Well, if a feature like this is there then there is going to be an opportunity galore like never seen before. However, for this to turn in to a reality, you will have to look at ‘OKEx’.


For your information, OKEx is a Cryptocurrency Exchange based in Malta and it is this exchange that is responsible for ‘Perpetual Swap Trading’, a pioneer in the field of judging prices of cryptocurrencies.

What is Perpetual Swap Trading?

In simple words, Perpetual Swap Trading, is in fact ‘progressive’ whilst having a few inklings to ‘futures contract’. There tends to be slight difference though, major one of them being: there is no daily settlement and secondly, there is not going to be any expiry!’. With such aspects attached, Perpetual Swap, a peer to peer technique developed by OKEx is expected to go great guns in near future.

Perpetual Swap to Begin on 11 December

Yes, it would be from the 11th of December that one is going to be able to make use of the peer to peer virtual derivative from the house of OKEx. With Perpetual Swap by your side, you can perform numerous actions simultaneously thereby giving an edge over others.

Some of the actions being: Perpetual Swaps, Spot Trade with Margin, Futures Contract apart from Leverage. Another point to be noted down is: swap contract has notional value equal to that of $100 Bitcoin.


One of the most important features include: there is not going to be any expiry date attached to the Perpetual Swap. In other words, there can be either a longer or a shorter position (here long position addresses price rise expectation whereas shorter one tends to focus on price going down).
So, when these positions have no expiry date then people involved in such a set up end up being the beneficiaries.

Transaction Fees to be on the Lower End

Transaction fees is another of those concerns that one faces, hence, to resolve this issue, you can expect ‘transaction fees to be on the lower end’ when compared to similar projects from this field.
Daily settlement is possible at OKEx thereby giving an opportunity to people involved wherein they withdraw on daily basis whilst gaining profits on it. Malta has indeed turned out to be one of the favourite stops of the business, reasons being OKEx!

11th December 2018 is the day when officially Perpetual Swap Trading would go live at OKEx. An individual may utilise its facilities from 01:00 or GMT + 9 hours. Finally, it is to be remembered: to ensure nothing goes off track, risk control strategies are in place as these have far reaching effects in Trading!

Let us know what do you think of Perpetual Swap in Malta in comments below.
Latest reports on cryptocurrencies is here and one of these reports relate to ‘keep crypto enthusiasts posted about the developments of ICO’ connected to the Singapore Central Bank!

Well, for the starters, MAS or the Monetary Authority of Singapore has begun to update its guide associated with those businesses which wish to ‘raise capital through Initial Coin Offerings’. It indeed comes as a news most waited because now people would be in a position to understand the minute details in a better manner.


New Payments Framework: Monetary Authority of Singapore

Before making it known by all regarding the benefits of utilizing Initial Coin Offerings, Monetary Authority of Singapore had introduced ‘New Payments Framework’ a draft which now seems to be complete with new rules added to its pages. It is therefore advised to all the readers to go through this article and then make a note of the points listed here as they shall serve you in the longer run.

What does Singapore Central Bank have to say about ICOs?

A list of instructions has been put down in black and white so as to enable individuals to have a grip on what exactly does the Singapore Central Bank have to tell crypto enthusiasts. For the beginners, Anti Money Laundering or AML as well as Countering Financing of Terrorism or CFT policies are to be taken care of and this is the first and foremost aspect to be taken a note of.

Every individual who gets involved with an ICO, so as to enable raising of capital for a business will be hereby addressed as an ‘intermediary’. Hence, it becomes a necessity for all intermediaries to adhere to the laws laid down by the authorities.


Another of the important aspects here is that all people who are a part of ‘raising capital for business via Initial Coin Offerings’ must have a license else they would have to face dire consequences. As an example, it is better for an ICO issuer to get Capital Markets Services License while MAS or the Monetary Authority of Singapore has to approve besides acknowledging Digital Asset Exchange. Or for that matter, Financial Advisory License is to be given to the Financial Advisors.

Only when these rules are followed, will MAS approve transactions whilst permitting businesses to go ahead with their plan of raising capital through ICOs! Another of the rules to be noted is: it is not a problem if tokens are not ‘securities’, however, they have to be under the Anti Money Laundering and the Countering Financing of Terrorism Acts.

With above stated changes coming soon, it is now to see as to how would these impact on the way ICOs worked in a country like Singapore. Till then remember, the new Payment Services Bill or PSB in Singapore has allowed for bringing ‘digital currency’ under laws for both international as well as domestic money transfers.

Interestingly, the new Payment Services Bill of Singapore has made it possible for digital currency to be working under the Foreign Exchange Transactions! This news is certainly one of those that cannot be given a miss.
Coinbase, the Digital Currency Exchange has gone on record to state that it shall now add Zcash to its listings thereby enabling transfers of Zcash or ZEC on its platform Coinbase Pro. This transfer of Zcash on Coinbase is limited to the Coinbase Pro Users at present whilst there are plans to open its use to the other users in future.


As a result of this, Zcash, which is another of the cryptocurrencies in the market will be trading in Australia, Canada, the European Union, the United Kingdom, the United States apart from NY and Singapore.

Why Zcash on Coinbase Pro?

Zcash, as most of you might know is a cryptocurrency and it is one of those few currencies that focuses on providing improvised privacy to its users. To ensure that this turns out to be a reality, Zcash puts in to use cryptography! Another benefit that users get at Zcash is ‘efficient, safe and private digital transactions’ with Zcash by your side.


Moreover, there is an option of having differentiation of shielded as well as transparent transactions similar to that of encrypted HTTPS and unencrypted HTTP! And as the words describe, transparent or not crypted version will allow access to third party for seeing metadata. While for encrypted or the shielded version, this is not the case and data remains protected.

Deposits from Transparent and Shielded Addresses but Withdrawals for Few

Yes, at the beginning Coinbase is not going to go full fledged when it came to depositing or withdrawing at Coinbase Pro for Zcash. An individual would be able to deposit from either transparent or the shielded address however this case changes when it comes to withdrawals.
Withdrawals are going to be permitted only to transparent or unencrypted addressees only for time being. In future, situation may change as and when local laws of a state would allow. For this to turn a reality, it shall certainly take some more time.

ZEC Launch and its Stages under Trading Rules of Coinbase

Starting from 10 am PT, that is 29th November, customers can transfer ZEC to Coinbase Pro Accounts. Order books shall become in transfer only mode for a minimum of 12 hours.
In next stage, customers will be permitted to post ‘limit orders’ and have no match; with these order books being in ‘post only mode’ for about a minute.


It will be only at Stage 3 that limit orders will begin matching while customers would not be in a position to submit these market orders. Whole set up for stage 3 shall last for about 10 minutes.
In the final stage, also known as ‘full trading’, options such as limit, market or even stop orders will be available for use.

(Note: ZEC at the moment is not available on Coinbase.com or its Mobile Applications.)
In case you wish to start trading then you have to sign up for the Coinbase Pro account, as Coinbase is aiming to include trading of many assets over a period of time.
Jay Clayton, Chairman of U. S. Securities and Exchange Commission has indeed pointed out some of the key features that the Chairman thinks benefitting to the current situation of Cryptocurrency market and the world revolving around cryptos especially Bitcoins, a cryptocurrency that has been quite volatile in the past few weeks specifically.


Bitcoin ETF (Exchange Traded Fund) to Take Some More Time

Recently we had reported that the Chairman of Securities and Exchange Commission from the U. S. is pondering over having an exchange traded fund in some time. However, for this to become a reality, a lot of security features are to be looked at carefully before finalizing any aspect because it is without any doubt going to have effects at a later stage as well.



Initial Coin Offering Start-ups Must Check with SEC at the Earliest

All the ICOs or the Initial Coin Offerings if checked with the U. S. Securities and Exchange Commission quickly then there would not be any penalty put on these ICOs. Hence, it is advised that start-ups check with SEC beforehand rather than inviting trouble at their door step.


Already two start-ups have been fined or you may also say issued ‘civil penalties’ by SEC as they had not registered in a correct manner as it was required to.

Happy to Help: Yes, Jay Clayton, the Chairman, made it pretty clear that it did not actually have any kind of trouble to assist crypto startups. However, these start ups have to be in the United States only.
Another thing to be looked at carefully is the fact that these start-ups may indeed have to check for a method to ascertain a fact: ‘get in compliance with the law’. Some people think that doing so (‘get in compliance with the law’) might be a bit difficult as well. On the whole if all rules are followed then there is not going to be any kind of trouble whatsoever (only when rules are followed).

Regulated Exchanges are need of the Hour

When we look at the current picture, we can see that Cryptocurrency exchanges now a days are never in the regulated format. Hence, problems sprung up every now and then. Issues that these crypto exchanges face include ‘price manipulation’.

Therefore, as a result and as an answer to this, Jay Clayton felt that it would be a plus point to have ‘regulated exchanges’. With regulations of exchanges, price manipulation activity would also come down. Price manipulation is one of those culprits that is eating away at Cryptocurrency exchanges thereby leaving investors with confused questions.

The other side of the coin hints at: will Bitcoin be one of the leagues here? While some experts believe to a great extent that it would be next to impossible to have Bitcoin regulated with the way it has grown over the years.

It is now to see what would happen to the crypto world with the United States Securities and Exchange Commission taking center stage in all aspects.
Bitcoin Futures does not look like taking a downhill drive because NASDAQ, the American Stock Exchange, second largest in the world, has some plans for it. If reports are anything to go by then the American Stock Exchange is in no way going to leave Bitcoin Futures as it is still in full force to keep launch of Bitcoin Futures as per the plan.


Bitcoin goes down but not plan to launch Bitcoin Futures

Though Bitcoin in recent times has seen downfall on almost continuous basis still it did not leave an impression on NASDAQ. Reasons for this being, team at NASDAQ plans to launch Bitcoin Futures somewhere in early 2019.

Work is in full swing for the launch to be a timely one as team responsible for this at NASDAQ is working on nitty gritties of the launch and it has already come to terms as to what are the missing aspects. With this information in hand, team at the second largest stock exchange is constantly upgrading its launch in order to meet standards laid down by none other than the Commodity Futures Trading Commission aka CFTC.  For the beginners, CFTC is the main swaps regulator back in the United States.


Agreed that there many plans were there for Bitcoin Futures to be launched somewhere in the mid of 2018 however, all aspects could not be placed during this time and thus the delay was about to be caused. However, with passage of time, NASDAQ has worked out its plan and it is in full swing to release one of the best versions of Bitcoin Futures in present day.

It is now to see what would be its affects or how Bitcoin Futures is going to be affected by the volatile pricing of Bitcoins witnessed now a days in crypto world. Bitcoin pricing has indeed shaken the world to the core bringing about a series of changes in the way people in general and investors in particular looked at Bitcoins.

NASDAQ not affected with Bitcoin Pricing

There were also some reports in the market that stated that the American Stock Exchange is not perturbed with the way Bitcoin’s world changed almost overnight! (or should we say almost a few months?!)

Cryptocurrency Trading may go in for a Change

Yes, you have read it correctly, with NASDAQ’s decision becoming a reality, it is sure to make some changes, major ones to the world of Cryptocurrency. Although majority of these modifications would be seen in the Cryptocurrency Trading World!

Due to this and similar other reasons, Bitcoin Futures is being planned to be launched in early of 2019 and most probably in Q1 of 2019! Another of the key points here is that there are a lot more chances of having NASDAQ’s own Bitcoin Futures Contracts in Q1 so that nothing goes wrong at the last moment with inclusions of having the latest techniques in place so as to be enable to cater to the upcoming market.
Bitcoin ETF or the Bitcoin Exchange Traded Fund came very close to the approval of United States Securities and Exchange Commission! However, this can be possible only when there is better ‘market surveillance as well as custody for the Cryptocurrency’ and for this to happen it might take some more time.


Well, it comes to a little surprise after Chairman of U. S. SEC, Jay Clayton announced about giving a nod to Bitcoin ETF (exchange traded fund). Till date SEC has denied access to numerous ETF applications, because the committee understands that they are still not up to date when it comes to ‘investor protection’.

First Bitcoin Exchange Traded Fund

If everything falls in place then Bitcoin Exchange Traded Fund is going to be first of its kind in this league! It was at the Consensus Invest Conference in Manhattan that Jay Clayton specifically announced about its plan to release first Bitcoin ETF however, this can be done only after careful consideration of how things work out post complete quality check.


‘Manipulation’ is one of the major concerns that Clayton stressed on and he said that most of the Cryptocurrency exchanges are not equipped with similar monitoring tools which usually is there with stock exchanges. This would further lead to not getting to know exact price of Bitcoin, it may also harm interests of the investors.

On the other hand, if we take a note of exchange traded funds then they end up keeping a track of index or a group of assets. Earlier as well, SEC did not approve Exchange Traded Funds brought up by Winklevoss Brothers. Reasons behind this was a simple fact that there were many risks involved overall and US SEC could not take up such ETFs to a larger interface.

Custody or Storage Matters in case of ETF

Of course, storage or the custody is another of the major concerns that we are facing nowadays and hence even U. S. Securities and Exchange Commission Chairman, Jay Clayton mentioned this about safe storage of assets.

When we look at the price of Bitcoin, then we know that its price is already not stable therefore, this stands to be one of the hurdles that has to be addressed at the earliest before taking things to the next level.


Out there, a number of ‘custody solutions’ related to cryptocurrencies are there or are in the pipeline. It is now to see how these set of solutions come forth to assist Cryptocurrency custody apart from handling trade execution for ‘institutional investors’. To ensure that end results are perfect, Clayton went on to add that a lot more improvement in custody solutions shall be helpful!

Would US SEC decision affect Bitcoin Pricing?

This is one of the major questions arising in crypto discussions. As most of us are aware of how volatile Bitcoin has turned itself in to. However, experts would not be able to say currently as to what would this decision of SEC bring in for Bitcoins!
Crypto exchanges in Taiwan are going to have some more new strict rules targeted to prevent illegal transactions under the garb of digital currency. This news comes forth post new policies being added to ‘AML or the anti-money laundering policies’ that Taiwan has
.

It was not until this year that the Government of Taiwan okayed for digital currencies because it was still perplexed with the way regulation of Cryptocurrency market happened in Taiwan along with the Blockchain sector. However, things have changed quite a bit with the latest Money Laundering Control Act and Terrorism Financing Prevention Act coming in to action.

Legislative Yuan approved this recently drafted act and it also has been given the authority to ban transactions in case they are fraud. All of this is possible due to the fact that Legislative Yuan comes under one of the financial branches of the Government of Taiwan known as FSC aka Financial Supervisory Committee.

Regulations of Cryptocurrencies in place

With passing time, it looks like the Taiwanese Government is moving towards an arena wherein they can regulate and have proper control with the way local Cryptocurrency market works. The new system is also inclusive of the Blockchain space because their sole motto is only to prevent frauds related to or having involvement of cryptocurrencies.

Ministry of Justice, Taiwan releases statement

Even the Ministry of Justice, Taiwan has released a statement specifying these recent amendments to the anti-money laundering bill so it does not come as a surprise that the Taiwanese Government is working its way to make a good foothold with the way cryptocurrencies worked.


Related departments from the Government of Taiwan are putting their efforts to work for the better while meeting the standards laid down by International Anti-Money Laundering.

Centre for Blockchain based Businesses

Taiwan has slowly been building itself in to a center for Blockchain based businesses, so, when these things are in line then it is necessary that Taiwan and its government makes itself up to date with all aspects of cryptocurrencies. On the other hand, there were also reports for Taiwan to become one of the centers for Initial Coin Offerings also known as the ICOs!

New Crypto Laws in Taiwan

To ensure that everything is in place, Taiwan, like you read above, has modified the existing AML or the anti-money laundering law apart from CFT or the counter-terrorism financing law. Due to the recent alterations made, it would now become all the more necessary for crypto exchanges to give more information to the Government of Taiwan.

Another aspect to be carefully looked at is the way: compliance rules are to be changed by the crypto exchanges. With the Financial Supervisory Commission coming in to action (as they are responsible for creating laws in Taiwan), it is to see how would these laws impact overall Cryptocurrency Exchanges in Taiwan.

While at present, the only aim for Taiwan is to make itself more aligned with the way cryptocurrencies work besides changing crypto exchange markets for the better.