WHAT'S NEW?
Loading...
Showing posts with label Cryptocurrency. Show all posts
Showing posts with label Cryptocurrency. Show all posts
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?
Switching to cryptocurrency payments for commodities gives the impression of being an easy task that anyone can do. More so because these days process for paying in cryptos has gone to being a simple one. Well, starting this week, KFC shall be accepting Dash Cryptocurrency Payments however, currently, it is only limited to its store in Caracas, Venezuela.


Plans to Extend Dash Payment in Food Outlets

DASH Payments will be accepted only at Chacao Municipality store in (Caracas) Venezuela however, there are other KFC outlets wherein Dash payments would be acceptable after a while. All of this was possible due to Dash Merchant Venezuela, an organization assisting merchants in Venezuela with Dash payments.


Training is of utmost importance here and hence, creating awareness is necessary besides putting in to use a currency having store value plus ease of use. Brains behind KFC Venezuela’s acceptance of DASH payments is Alejandro Echeverria and his team.


Echeverria turns out to be the Co-Founder of Dash Merchant Venezuela along with his team managed to get a giant like KFC on board thanks to advantages Dash offers. Apart from this, there is Dash-Android Branded Kripto Mobile; these phones will have Dash Wallets installed for an individual to use.

If you look at various banks across the world then you can see that there are support systems or centers, on the same lines there is a support center for the Crypto World. This also is one of its kind in cryptic industry today.

Ensuring that things do not go wrong in any way, applications like Uphold and Bitrefill are going to be installed prior itself in order to have some amount of Dash in them.

Reach of Dash in Venezuela

Venezuela and its people are steadily adapting to the concepts of cryptocurrency payments and Dash cryptocurrency is one such crypto coin that has not fallen so far. Instead, people have opted for Dash more than anything else.


As per the Co-Founder of Dash Merchant Venezuela, there are about 2,445 merchants who have okayed Dash as a mode of payment for their business in Venezuela. These merchants include food trucks to family businesses at the moment.

Dash Text Launch

Furthering its efforts on promoting cryptocurrency payments, Alejandro Echeverria has set up its own Dash Text that was launched in November of 2018.
Some of you may be even aware of the fact that in Venezuela, most people do not use smartphone therefore, as an alternative came in Dash Text to reduce connectivity issues. When an SMS based cryptocurrency transaction service is in action then there would not be any requirement of internet or a smartphone.

KFC on the Move with Cryptocurrency




KFC has to a certain extent welcomed cryptocurrency and therefore it was about time for them to include Dash post Bitcoin payment (that happened in KFC Canada in January of 2018). On the other hand, food joints such as Subway and Papa John have also showed interest in crypto payments in their outlets in the past so it was natural for other restaurants to step in to the business of crypto merchant payment. However, it is to see which shall fare well: Bitcoin Payment or Dash Payment?
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.
Tripio, where you can book close to 454,531 lodgings through cryptocurrency across the world has made an official announcement of it coming together with Binance to ensure that people involved benefit. You may even be surprised to know about the recent updates revolved by Tripio on its Twitter handle which stated rewards!


Come, Celebrate Binance and Tripio Crypto Hotel Booking

Well, 5 lucky winners stand a chance to win huge rewards selected randomly. Winners shall be receiving 10 $BNB each only after they follow some rules #tripio #cryptoenthusiast! As a matter of fact, this partnership has been done strategically so as to enable millions of Binance Users utilise best options available when it comes to hotel reservations.

Note: This contest ends on the 6th of December 2018, so you all better hurry than miss out on the chances.

Partnership with HKDT

Late in November, Tripio had announced about its strategic partnership with HKDT. Back then as well, Tripio made it very clear that users could put in to use HKDT for Tripio payments. Besides, HKDT is a stable cryptocurrency in Asia and one of the largest stable cryptocurrencies ever seen in a continent like Asia.


Tripio has over the years grown in to full fledged platform featuring numerous aspects such as: Travel Route Planner, Travel Map Generator among others. It was therefore an obvious step for a domain like Tripio to take the next step, coordinating with the all time favourite Binance. Moreover, even the czar of Binance, Changpeng Zhao enthusiastically posted on his Twitter handle: ‘why do not I rebook hotel now with #BNB!’

Cryptocurrency Merchant Adoption: Good or a Bad Decision?

With more and more cryptocurrencies cropping up every now and then, such collaborations were deemed to take place. There has however been a lot of speculations as to what would be the end result of cryptocurrencies stepping in to the world of merchants? Some of us are well aware of the fluctuations that cryptocurrencies go through.

Also, many countries do not accept cryptocurrencies as a mode of payment thereby leaving them (read cryptocurrencies) to look for methods to be accountable for something useful. If we glance at the recent news then you may be aware of the announcements made by United States Securities and Exchange Commission and its recent updates on Cryptocurrency Regulation.

Experts from crypto world feel that if cryptocurrency community strengthens itself then this move would help merchants from different departments. They should take a note of bringing together cryptocurrency and their business. And until then things shall never be able to turn and move forward.

Binance Coin Adopted for Hotel Bookings by Tripio

Usage of #cryptocurrency #binancecoin #BNB #tripio for hotel lodgings across the globe is going to be an efficient method apart from centralized systems that exist in the world today. It is now to see how far would adoption of cryptos for hotel bookings go. Why don’t you share your thoughts and let us know if you would utilise such an opportunity?
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.
Cryptocurrency Regulation is now going to take a new front with G20 Countries coming in to the picture for having ‘cryptocurrencies under the tax radar’. FATF or the Financial Action Task Force’s standards will be considered so as to enable Anti Money Laundering Act to take precedence with the way things work.


G20 Opens Up to the Possibility of Having Cryptocurrencies Regulation

The United States has been at the peak when it comes to cryptocurrency market followed by Japan, and it is due to them that G20 Countries could consider having cryptocurrency regulation; especially after the way it has shot up or rather seen a number of fluctuations over the past few months.


When such a huge set up like G20 Countries come in to the picture for #regulation of #cryptos then it will certainly be in line with FATF or the Financial Action Task Force Standards. These recent developments were seen post signing of a ‘joint declaration’ back in Buenos Aires, capital of Argentina.

There were also reports that stated of having these regulations go along with Anti Money Laundering Acts. Besides, stronger ties lead to stand against financing of terrorism.

Cryptocurrency Regulations would help Regulatory Frameworks

Agreed that there are many countries which have begun regulations in a right manner however, there are others as well who are still far behind due to the obvious reasons related to it. In order to have international standards up in place, regulatory frameworks shall be beneficial.

Establishment of Cryptocurrency Ventures seems to be put on hold due to regulatory clarity not being there. Therefore, it turns out to be necessary for speeding up the regulatory process so as to enable establishment of cryptocurrency ventures. Even Morgan Stanley and Goldman Sachs among other financial institutions are looking forward to have all crypto regulations in place.

2019, a Year to be remembered for Cryptocurrency

The sources went on to state that further discussions shall be carried out somewhere in 2019 because it is then that Japan would become the President of the Summit. (And like stated in the article earlier, Japan is second to the U. S. when it comes to cryptocurrency transactions).

It may be recalled that, Bruno Le Maire, Finance Minister of France, had earlier stated on ‘careful examination of cryptocurrencies and specifically Bitcoins’ post which final decision on having regulation of cryptocurrencies can be made.

Bitcoin Price Today

As some of you are aware of the constant changing aspect of Bitcoins, in recent times, it has not been stable with today’s (the time this article was written) Bitcoin price was close to $3933!
The moment all these questions are answered, it would become clear as to what and how will cryptocurrency regulation go forward. There are also speculations of having a ‘public investment vehicle’ similar to that of an ETF or the Exchange Traded Fund.

Looks like G20 is going to move forward and help create a system that backs ‘sustainable growth’ in ways benefiting many out there! While it is to see what would be the impact of this on cryptocurrencies. 
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.
When AWS or the Amazon Web Services released, Amazon was far from behind to use Blockchain. For the starters, AWS is a platform that Amazon provides and it is an amalgamation of different things put together to make itself: an ‘evolving cloud computing’.


A Different Take with Amazon Quantum Ledger Database

However, Amazon could not be left in the league of Blockchain kind of technique as it has taken the world by storm while easing out many problems that organizations face. With Amazon Quantum Ledger Database aka QLDB launching today, Amazon has finally got itself a completely managed ledger database!


QLDB tends to execute many transactions at the same time thus making over all process an easier one. An individual shall witness transparent nature, easy to use and speed as its most important aspects whilst there is also going to be automatic ‘scale up and down feature’. Users will be able to make use of it at any time they wish to.

Another feature that has caught the attention of people is the simple fact that this new ledger database has been designed in order to have transactions verifiable in a cryptographic manner. To ensure that everything is managed appropriately there is a central trusted authority to look after all portions.

Managed Blockchain Service by Amazon

This turns out to be another service which Amazon has announced along with the quantum ledger database. QLDB is going to be in fast track mode apart from having modifications done in cryptographical chained manner.

On the other hand, Amazon Web Services Managed Blockchain product is the piece that is going to be the one which is permitted to operate Quantum Ledger Database.


With ‘Amazon Managed Blockchain’, you witness a service that is going to allow set up besides managing of ‘scalable Blockchain network’. All of this is done in a matter of seconds with a few clicks.

Due to such a set-up, most of the applications that run behind numerous transactions would vanish in a jiffy thereby creating an automatized system. An automatic system is also responsible for tracking operational metrics and these can be either storage of resources or usage of either memory or compute’.

There is also an option of handling of certificates that was not possible up until now. Most importantly, a characteristic most liked is viewing trends and at the same time having a deep analysis of how the network activity is outside a given network!

Amazon has indeed gone a step further to bring in blockchain in to the picture but in a little different manner and it is yet to see how would this effect on the whole system. Reasons being with quantum ledger database by your side, there is an option of checking (read managing certificates) apart from the ability provided to invite new users to this network!

And so, Amazon has announced two path breaking techniques that may turn tables for good for the giant!
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.
Binance in its latest announcements has renamed Tether Market (the USDT) to be USDⓈ or a Stablecoin Market. According to this report, the Cryptocurrency Exchange giant aims to back trading pairs in the category of ‘stablecoins’.


Earlier Binance had also reported that there shall be a listing of Blockchain company which goes by the stablecoin USD Coin or the USDC (from Circle) besides supporting PAX and TrueUSD or TUSD from Paxos.

What is USDⓈ? How is it Different from the Earlier Version of Tether?

One of the most important aspects that one has to keep a note of is the fact that USDⓈ is not going to be another of a stablecoins, hence, there is no headache there; instead, it is a new symbol for stablecoin market from the house of one of the major crypto exchanges: Binance.


We would get to know more about what shall be added to this Stablecoin Market in the upcoming days. So, we will have to wait for some more time to have an idea as to what shall be the pairings in the all new stablecoin market being declared by Binance.

As some of you may be aware of this information: Tether (USDT) is now rechristened as the Combined Stabelcoin Market aka USDⓈ, a move that was taken after a carefully thought out process.

Launch of USDC Tokens

Coinbase, a U. S. Cryptocurrency Exchange, along with Circle had come together for launching USDC Token in the month of October.

In Asiff Hirji, President and COO of Coinbase words, “Stablecoins are in 1:1 ratio (backed) with the U. S. Dollar. They have been audited completely beside being transparent.”


Many out there think that changing the name of Tether came as a little unexpected news because it was a different kind of thought process that major Cryptocurrency Exchange has picked up on. While the only aim for sudden change in events lead us to a platform which supports trading pairs with that of various stable coins.

With Binance taking a new step towards the Stablecoin Market, there shall without any doubt be developments in this market. Some of the experts from this field also believe that with such a move, Binance is making a formal announcement: Binance will be a go to option for trading cryptocurrencies!

Official Announcements for Addition of Stable Coins on Binance Platform

Yes, you read it correctly, with numerous trading options in place, Binance is going to turn itself in to a platform where services range from not one but to a varied group.

Now it is to see what will this move result in because, in the past six months, Binance has gone on to an addition spree of adding stable coins while accumulating one by one the following: Tether (USDT), TrueUSD (TUSD) became a part of the list on 16 May, Paxos Standard Token (PAX); added to the list on 21 September apart from USD Coin or USDC, the latest one in the list took its position on the 15 November 2018.
Bitcoin’s price went below $4,000 sending shock waves across the crypto world. Earlier, some reports stated that bitcoin would not fall below $4,000 however last weekend saw something else with cryptocurrency collapse worsening and still coming back a little.


No Stability in Digital Currency Prices

Some experts believe in the saying that nothing is constant and hence whatever is happening to digital currency cannot be said for sure, as in what shall be the exact price of cryptocurrencies and Bitcoins in particular.
.
Bitcoin Pricing Analysis

Till the previous weekend, bitcoin prices were plunging down to as low as $3,456 and thus constantly being a reminder that bitcoin has fallen and there are bleak chances of it to gain back whatever it lost.
While on the other hand, Cryptocurrency due to its Blockchain Technology seems to be a viable option for many departments. One of them being, the Ohio State Government, first of its kind which has allowed for bitcoin payments for business tax payments!

This announcement was though welcomed by some sections of the society still many felt that with cryptocurrencies over-all value taking a dip what will happen to bitcoins? However, the State Treasurer from Ohio Government, United States put across one point: cryptocurrencies have been built on a platform wherein they end up being transparent and more secure thus eliminating any risks related to hacking or frauds!

With Bitcoins being allowed to be used as a payment method in the State of Ohio, 23 businesses are under its radar now. Next thing one shall be interested in is the fact that how and when would Bitcoins and other cryptocurrencies rise?

As for Ripple Price Analysis, it has remained steady above 35 cents and it is to see if it touches 60 cents!

Rise in Bitcoin Price (Analysis)

Till midnight of Sunday, Bitcoin had slid by 4.5%, a number none of the crypto enthusiasts expected but a few were aware that this might happen. However, by 7:50 am, things started to change as Bitcoin had regained most of its losses but still it is in the red!

In Stephen Innes words, Head of Trading for Asia Pacific at Oanda Corp, it is true that bitcoin has seen a lot of instability in the past few weeks and this was not the case last year. In case bitcoin goes further down then there might be a case for people looking for exits.

Still Unsure of Bitcoin Prices

With two think tanks setting up their own camps: Bitcoin Cash and Bitcoin Cash SV, this has impacted the price of bitcoins to a great extent. Experts from some sections of the crypto think tanks feel that we have to wait while many others are still unsure of what would happen to cryptocurrencies, an advanced version of currencies in today’s world.


With a great technology in place called Blockchain, cryptocurrencies are indeed a secure form of mode of payment still will they stay for longer or will they break down mid-way is the question that does not get answers for.
Ohio seems to be one of the first states to have agreed for business tax payments to be carried out in Bitcoins, a Cryptocurrency which has seen quite some unrest in recent times.


Pay Business Tax in Cryptos

As a matter of fact, a strong reason compelled Josh Mandel, State Treasurer and his department to look in to cryptocurrency payment. One of the reasons here is: crypto payments are not only transparent but also secure. Finally, the cost of these is also at the lower end.

With these and many similar characteristics of Cryptocurrency Payments, it was time for the officials to okay tax payment in bitcoins. Moreover, with cryptocurrencies, none can transfer the amount to third parties, thereby eliminating fraud altogether.

Blockchain network enables for a tracking system in a second to second basis thus making it transparent to the core. One may wonder as to when was it that Bitcoins in particular and cryptocurrencies in general became a favourite of Mandel; and so, for the record, Mandel has been keeping a track of the way cryptocurrencies work and he showed keen interest in bitcoins right from the time he was appointed way back in 2011.

Views of Jerry Brito on Bitcoin as Mode of Payment

As per the Director of Coin Center, Jerry Brito, bitcoin technology is advanced in every manner and this is why people from both sides, government and the bad guys look forward to use it for their means. However, there are only two common aspects here: one is Bitcoin and second is Blockchain.
When we look at the news, we understand that there has been quite a downfall in terms of Bitcoin’s graph in the past few days, however, the end has not arrived yet.

By adopting Bitcoin, a cryptocurrency as a mode of payment, Government is ensuring that payments are more secure, more efficient and of course are transparent. Thus, taking technology to the next level.

There have been other states as well who tried bringing in cryptocurrency payment and making it official still luck has not been on their side as at the higher levels, the legislative levels, things were stalled.

Ohio: First State in the US to Accept Bitcoin Payments

Yes, with other states backing off, Ohio became the first state as well as the first government in the United States to make an official announcement regarding acceptance of tax payments in cryptocurrencies and in Bitcoins at present! Thus, beginning from the 26th of November, Ohio shall accept Bitcoins for tax payments.



Currently there are about 23 kinds of business taxes which can be paid in Bitcoins. To pay taxes one can utilize BitPay, the payment service and end up paying taxes.

Note:

Currently only businesses are permitted to pay (business) taxes through BitPay (in bitcoins) there are plans to make it available for individuals as well. But for this to happen, a lot more thought process is to be done.

Till then let us see how the world of cryptos would work about and what shall be the status of bitcoins in the future.
Uncertainty over the prices of cryptocurrencies in general and Bitcoins in particular seem to loom large thereby giving away the reasons for people to be confused as in whether cryptocurrencies are rising or tumbling further down!


Why only Bitcoins even other Alt Coins seem to have taken the hit of this uncertain decline of cryptocurrencies. There, however, does not seem to be any one reason that can be pointed out as to: yes, this is why cryptocurrencies bowed their heads.

Bitcoin Hard Fork Split

As observed by many, the moment Bitcoin Hard Fork split was announced, everything seemed to tumble down and it was something that shook the whole of crypto world. Reasons being Bitcoin was riding high and had never fallen below $6,000!


Tom Lee, Wall Street Investor analysed that ‘hash rate war’ turned the scenario to a lot of uncertainty and panic across different rungs of the society. In addition to this, to stay away from risks or unknown waters, many investors backed off stated CoinShares CEO Meltem Demirors.

Right from November of 15th, Bitcoin ABC as well as Bitcoin SV having emerged, they have two think tanks fighting a war, should I say a cold war?! With clashes between these two groups, it was evident for BCH to be diving down the market as it was seen later by us.

Rules Came into Action

Along with division of Bitcoin Cash, SEC decided to take charge of the situation and like earlier informed in one of the articles, stopped operations of many firms who did not obey rules. Brexit along with Central Banks Policies turned out to be other reasons for downfall of the highly anticipated cryptos.


Now many would be shell shocked and worried to know as to what shall be the condition of Bitcoins post the split of the decade?! Are they stable or have they begun to rise in the world of cryptocurrency?

As a matter of fact, sell off due to low trade volumes led to a panic which is a bit difficult to be summoned in words. In Greenspan’s words, nothing can be said for sure as to what would happen next. He believes things could turn around at any moment and nothing can be sure. Either Bitcoin stays there put while some people sell it away and a few others gather them.

Anthony Pompliano, host of Crypto Podcast as well as Newsletter has perfectly put across a point: ‘Bitcoin lives and dies on its own’ while only ‘a few synthetic protections are in store for the investors’.

While on the other hand, Tom Lee is certain of one fact though, it is: regulatory clarity is going to be the key to giving us a clear picture of where Bitcoins and other cryptocurrencies stand. And to quote Lingham, blockchain projects must specify as to what will be the other usable solutions apart from the one, we are aware of.

Cryptocurrencies have not held a stable position since some time, however, as of now experts have pointed out that only a few losses can be seen, so yes, drastically falling prices of cryptos have kind of stopped.

Lesson: Never to conclude before the final outcome is right before you.