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Indian Community Petitions for Faster Crypto Regulation

india, Indian Community Petitions for Faster Crypto Regulation

Bitcoin.com reports that a gathering of crypto communities in India are now petitioning their government for faster clarification of crypto regulation. This comes after widespread reports and rumors about an upcoming Indian bill to ban crypto. The Upper House of the Indian Parliament has also reportedly used its television network to broadcast a discussion of the bill as three Right …


Over 1 Million Active Bitcoin Addresses as Bitcoin Hits 2019 High

Over 1 Million Active Bitcoin Addresses as Bitcoin Hits 2019 High

As Bitcoin valuation marks yet another record for the year, achieving a price not seen since 13 months ago in May 2018, the number of active Bitcoin addresses has also crossed the 1 million threshold – a number not seen since 27 November 2017. Analytics website CoinMetrics.io provides this statistic, defining it as the number of unique addresses with both the sending …


Financial Action Task Force’s Next Step Towards Crypto Regulation Due 21st June

Financial Action Task Force Next Step Towards Crypto Regulation Due 21st June

Some further clarity for regulation in the cryptocurrency could be the result of the Financial Action Task Force’s (FATF) next publication scheduled for 21 June. The regulations, targeting cryptocurrency exchanges, custodians, wallets and cryptocurrency-related businesses, are continually being monitored by the FATF, but this next publication has some virtual asset service providers wondering what to expect. The objectives of the …


Bitcoin Shatters New 2019 High at $9,381

Financial Action Task Force Next Step Towards Crypto Regulation Due 21st June (2)

Just a couple of weeks after bears threatened to break Bitcoin’s rally, Bitcoin price has now hit a new record for the year, trading at USD 9,381 just an hour ago. Now, it is trading at around USD 9,340 at 9:00 am UTC (CoinDesk), and an uptrend looks imminent with the opening of the European trading market. It appears that …


Research: Banks Holding Back on DLT Due to Collective Bitcoin Distrust Psyche

Research_ Banks Holding Back on DLT Due to Collective Bitcoin Distrust Psyche

Retail banking continues to tread with caution before adopting blockchain, and it is Bitcoin’s 2017 rise and fall scenario which drives the distrust according to a recent report. The potential of blockchain is being missed according to an earlier report which claims that Bitcoin lost its credibility with banks after its rise and fall in 2017. The possibility of using …


Tokens on Bitcoin Soon Possible via Lightning

Tokens on Bitcoin Soon Possible via Lightning

The search for a secure alternative to the very popular ERC-20 tokens on Ethereum has turned up an unexpected solution: issuing tokens via Bitcoin’s Lightning Network second layer protocol. A CoinDesk article reports that BHB Network co-founder and staunch critic of Ethereum Giacomo Zucco has hit upon the solution that he claims could change the game for entrepreneurs via a …


Bitcoin Continues to Be the Go-To Store-Of-Value in Crypto Market

Bitcoin Continues to Be the Go-To Store-Of-Value in Crypto Market (1)

Bitcoin is proving to continue its role as the asset of choice through the markets current run, gaining as much as 2.4% to USD 8,463 on Friday with Ether, Litecoin and EOS in the red. It is thought that Bitcoin has benefited from the latest announcement that from September 2019, Malta-based Binance will cease providing services to US traders and …


Bitcoin Bulls Return to Consolidate at $8,700

Bitcoin Bulls Return to Consolidate at $8,700

The bulls are back as the weekend trend of strong price gains returns, with the Asian trading market clearly showing a ravenous appetite on Saturday. In the past 11 hours, Bitcoin valuation went up by about 4% to peak at USD 8,755 before trading in a consolidation pattern near USD 8,700 (9:50 am UTC, CoinDesk). As market capitalization briefly touched …


Potential Facebook Stakeholders Line Up for Libra Amid Industry Concerns

Potential Facebook Stakeholders Line Up for Libra Amid Industry Concerns (1)

Despite Facebook declaring it has backing from over a dozen firms for the project “Libra,” reports suggest that the media giant is far from ready due to software unpreparedness, with one source suggesting early 2020 as the likely date for testing. Detractors claim that Facebook’s attempt to launch its own cryptocurrency is purely a way of creating its own super …


Bakkt Sets Date for Bitcoin Futures Trial

Bakkt Sets Date for Bitcoin Futures Trial

Crypto trading for institutional clients platform Bakkt has announced that it will begin the trials of its much-awaited and much-vaunted Bitcoin futures product. The first testing of physically-delivered Bitcoin futures will commence on 22 July. The latest announcement from Bakkt comes on the back of many delays to date, stretching back to the second half of last year when it …


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