Please share if you find this article interesting. Coinsmart Launches Cryptocurrency Exchange for Canadian Tax Payers - Bitcoin News Exchanges With the international regulatory drive to tackle tax evasion by cryptocurrency users, combined with a lack of clear guidance from authorities in many places, everyday people are concerned about handling reporting themselves. And where there is a need, companies always pop up to tap the demand with various solutions. The latest example of this comes from Canada, where Coinsmart has set up a new exchange specifically designed to make compliance easier for Canadian tax payers. Also Read: The Daily: Blackrock Probes Market, Coinbase to List Securities, Bitpay Gets a Bitlicense Easy Exchange for Canadian Tax Payers Coinsmart, a Canadian s...
Please share if you find this article interesting. Hedge Fund Issues Bearish Call on Ethereum and Sides with BTC - Bitcoin News Markets and Prices Hedge fund Tetras Capital has issued a bearish call on ethereum and opined that bitcoin has more upside potential. The New York-based fund has been blessed with perfect timing, with ETH falling in BTC terms following the publication of its report 24 hours ago, while bitcoin has rallied strongly. Also read: Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners Tetras Capital Gives Ethereum the Thumbs Down Single-handedly, no investment fund can commandeer the market and short a particular asset. But by issuing an unequivocally bearish call, it can capture the attention of other traders and attempt to convince them of
Please share if you find this article interesting. 3 Signs Bitcoin's Move Above $7K Might Just Hold The world's largest cryptocurrency by market capitalization exploded in price Tuesday, jumping $600 in 30 minutes to break away from what had been suppressive bear market conditions. But entering Wednesday, bitcoin is changing hands at $7,370 and showing signs it might continue its ascent. In fact, when viewed on longer timeframes, it appears that the trend is changing, this time in favor of the always-optimistic bulls. But just how reliable is this move? So far, there are three general tools traders are using to analyze the markets in a quest to confirm that the change in trend will have staying power. Tool #1: 55 EMA surpassed Exponential Moving Averages (EMA) act like signals ...
Please share if you find this article interesting. Stellar Becomes ‘First’ Sharia-Certified Blockchain for Payments And Asset Tokenization Stellar, an open-source platform for distributed payments, is reportedly the first distributed ledger protocol to obtain Sharia compliance certification in the money transfer and asset tokenization field, according to a Stellar blog post published July 17. The Shariyah Review Bureau, a leading international Sharia advisory agency licensed by the Central Bank of Bahrain, has examined the capabilities and applications of Stellar and released guidance that allows for the deployment of Stellar technology in Islamic financial institutions. With the certification, Stellar will ostensibly be able to enhance its ecosystem in regions where operation i
Please share if you find this article interesting. Litecoin Founder Says in ‘Best Case’ Recent Bank Stake Could Result in Crypto Services Litecoin founder Charlie Lee posted on Reddit today, July 17, to clarify his position within the Litecoin Foundation and the future of the Foundation following its acquisition of a stake in German bank WEG Bank AG. In his post, Lee mentioned the possibility of the bank offering crypto services. Last week, the Litecoin Foundation acquired a 9.9 percent share in WEG Bank through a new strategic partnership with crypto-fiat payments firm TokenPay. In exchange for providing its blockchain, logistics, and marketing expertise to TokenPay’s crypto and business operations, Litecoin received TokenPay’s former 9.9 percent stake in WEG. In his post on T
Please share if you find this article interesting. Kodak-Branded Bitcoin Mining Scheme Collapses - Bitcoin News Mining The Kodak-branded bitcoin mining rigs unveiled at the CES technology trade show this year will no longer be available to mine for customers. Amid scam accusations, the company behind the Kodak Kashminer crypto mining scheme has reportedly confirmed the plan has collapsed, citing intervention by the U.S. Securities and Exchange Commission. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Kodak-Branded Mining Rig is No More Kodak Kashminer on display at CES. A Kodak-branded mining rig was on display on Kodak’s official stand at the CES technology trade show in Las Vegas in January. The Kodak Kashminer is a product of Spotlite USA, one of many co
Please share if you find this article interesting. Japan Revamps Financial Regulatory Agency to Address Issues in FinTech, Cryptocurrencies Japan has overhauled its financial regulator, the Financial Services Agency (FSA), in order to better deal with fintech-related fields, including cryptocurrencies, news outlet Nikkei Asian Review reported July 17. Changes were made to various bureaus in order to make the organization more suited to address new problems and challenges in the financial sector. Starting today, the newly created Strategy Development and Management Bureau, which replaced the Inspection Bureau, will reportedly develop a financial strategy policy and handle issues addressing the digital currencies market, fintech, and money laundering. Additionally, the bureau will...
Please share if you find this article interesting. Blockchain Evolutions in Switzerland: Voting and Banking Recently, much of the news related to cryptocurrencies and blockchain was surrounding their developments in Switzerland. This country — which is widely known in the financial world for its robust financial services offered and for the privacy given to a bank’s clients — is now home to Crypto Valley, which is located in Zug. With conferences and events flourishing throughout the years, Crypto Valley is considered one of the most important hubs for experts, investors and enthusiasts to meet and exchange ideas and information. In this context, the Crypto Valley Association has been created, with the support of the Swiss government, with the objective of being “an independent,
Please share if you find this article interesting. Canada’s Large Credit Union Coalition Joins Blockchain Consortium R3 The Large Credit Union Coalition (LCUC), a group comprising of the chief information officers (CIOs) of the 16 largest credit unions in Canada, has joined New York-based blockchain consortium R3, according to an announcement published July 17. The LCUC, whose corporate members include more than 3 million entities and represent over $125 billion in assets, has become a part of R3’s network of over 200 financial institutions, trade associations, and fintech companies in order to explore and integrate Corda. Corda is an open-source distributed ledger platform, designed to work within finance to operate complex transactions and restrict access to transaction data.
Please share if you find this article interesting. Canada’s Rivemont Crypto Fund Holds 90 Percent of Its Assets in Fiat Canada-based Rivemont Crypto Fund, run by a portfolio management firm Rivemont Investments, holds around 91 percent of its $2.3 million of assets in fiat currency, with only 9 percent in Bitcoin (BTC), Bloomberg reported July 17. The Rivemont Crypto Fund was founded in December 2017 and is reportedly the only actively managed cryptocurrency fund in Canada. The fund is registered with the Ontario Securities Commission, the Alberta Securities Commission, the British Columbia Securities Commission, and is allowed to trade such cryptocurrencies as BTC, Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH) and Ethereum Classic (ETC). The fund also plans t