Please share if you find this article interesting. China's Position on Crypto Likely to Harden Under New PBOC Governor Regulation China’s cryptocurrency markets have witnessed a number of significant events in recent weeks, including affirmation from the People Bank of China (PBOC)’s new governor, which will likely intensify the country’s crackdown on cryptocurrency. Also Read: Chinese Merchants in Moscow Convert Most of Their Cash to Crypto New PBOC Governor Reaffirms Stern Position Regarding Cryptocurrencies Whilst attending a forum on monetary policy at Asia Annual Conference 2018’s Boao Forum, China’s recently appointed central bank governor, Yi Gang, indicated that the PBOC’s stance regarding virtual currencies will not soften under his leadership. Yi Gang described cr
Please share if you find this article interesting. NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 17, 2018 Despite moving up one spot, IOTA and the general altcoins market is sluggish. In fact, most coins are shedding and retracing. In my view, waiting until proper signals prints in NEO, Litecoin, Stellar Lumens, EOS and IOTA is prudent as our altcoins technical analysis shows.Let’s have a look at these charts:XLM/USD (Stellar Lumens)Stellar Lumens 4HR Chart by Trading ViewEven though Stellar Lumens is generally up, the coin is giving back some of its earlier gains. In the last 24 hours alone, the coin is down 3.75 percent and technically, we expect further declines.In our entry chart for example, there is a small bearish divergence pattern and with bearish stocha
Please share if you find this article interesting. Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, April 16 The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Have the cryptocurrencies bottomed out or will they fall again after a short pullback? That is the question troubling most of the market participants currently sitting on the fence. A bottom can be confirmed only in hindsight but the analysts try to call it in advance, using various tools. One such prediction is from the virtual currency f...
Please share if you find this article interesting. Tax Time is Here and Lots of Cryptocurrency Holders Don't Care - Bitcoin News Taxes In the U.S. tax season has arrived and many American cryptocurrency proponents are squirming because they have to pay for some of the gains they made last year. However, there are a lot of digital currency holders who could care less about taxes and they strongly believe that taxation is antithetical to cryptocurrencies. While there is a good portion of digital currency holders planning to file their gains and losses, many crypto-advocates don’t plan to pay their tax liabilities. Also Read: Blockchain Mining Completes Bitfarms Merger, Stock Jumps 49% Cryptocurrency Taxes: Not Many People Pay Them If you’re a cryptocurrency enthusiast then ove
Please share if you find this article interesting. Startup To Help Traditional Businesses Effectively Embrace Blockchain Technologies A UK startup is building so-called middleware that could allow many traditional enterprise IT systems such as ERP, WMS and CMS to quickly adopt Blockchain-based systems. Most enterprise systems cannot be swiftly integrated with Blockchain, and many businesses cannot afford to invest millions of dollars in new ones. Omnitude aims to fill this critical technology gap. The company says its technology will deliver plug-and-play ease, helping businesses quickly and cost-effectively embrace Blockchain ledger technology, and benefit from enhanced transparency and other features. “Omnitude is a radical concept in Blockchain. The vision for Omnitude is much
Please share if you find this article interesting. Major Korean Exchange Launches in Indonesia with Six Cryptocurrencies - Bitcoin News News One of South Korea’s top three cryptocurrency exchanges, Coinone, is launching an exchange in Indonesia. Initially, six cryptocurrencies will be supported but the exchange plans to add more coins. Coinone is also launching an airdrop event for 10,000 pre-registrants. Also read: South Korea Takes Steps To Regulate Digital Currencies Coinone Launching in Indonesia Coinone announced on Monday that it is launching Coinone Indonesia in Jakarta, “making [it] first among the top cryptocurrency exchanges in Korea to enter the global market,” the company wrote. The South Korean exchange is the third-largest crypto exchange in the country after t
Please share if you find this article interesting. Coinbase Acquires Earn.com for an Estimated $100 Million - Bitcoin News Services Coinbase has completed the acquisition of Earn.com, an app that lets users get cryptocurrency for answering emails and completing tasks. The Earn startup team joins the company and the founder will serve as its first CTO, as part of the deal. Also Read: Blockchain Mining Completes Bitfarms Merger, Stock Jumps 49% Coinbase’s Latest Acquisition San Francisco-based cryptocurrency exchange Coinbase has announced today that it has acquired Earn.com (formerly known as 21 Inc). As we reported in the past, the service allows senders to pay users in cryptocurrency to reply to emails and complete tasks. Coinbase CEO Brian Armstrong said: “We’re going to b
Please share if you find this article interesting. PR: Huge Bounty Program Announced by E - Commerce Platform BCShop.io - Bitcoin News This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. To promote the launch of the first feature-full blockchain-based e-commerce and e-payments platform, BCShop.io announces huge community development campaign which will consist of several different activities and reward pools. Token Holders Promotion This promotion is dedicated to our early token holders who obtained BCS tokens before actual main...
Please share if you find this article interesting. Government of Iran Bans Foreign Fiat Currency Exchanges - Bitcoin News Economics It appears that the Iranian people are losing trust in the rial as it continues to depreciate in value. In response, the government of Iran is trying to prevent them from getting their hands on foreign currency, providing another example of the need for bitcoin. We should expect to see a growth in local bitcoin use as this situation develops, just as has happened in Venezuela and elsewhere. Also Read: How the Government Gave Your Money to the Banks – Again and Again No More Currency Exchange Shops The Central Bank of Iran (CBI) has announced a ban on the trading of foreign currencies by individuals and companies at private exchanges across the c
Please share if you find this article interesting. What If You Can't Pay Your Crypto Taxes on April 17? Kirk Phillips is an entrepreneur, certified public accountant (CPA) and author of "The Ultimate Bitcoin Business Guide: For Entrepreneurs & Business Advisors." The following article is an exclusive contribution to CoinDesk's Crypto and Taxes 2018 series. Your attempt to get clarity around crypto tax brainteasers can result in some surprising and unexpected tax liabilities at this time of year. As we've seen through the CoinDesk crypto tax series, there's a whole new realm of tax considerations that didn't exist four years ago. Maybe you're caught in a crypto squeeze play, wondering how to pay tax liabilities by liquidating the crypto you don't want to liquidate. Perhaps you