Bitcoin Price Analysis: BTC Bounces But Bears Still in Control

Bitcoin price just pulled off a nice 10% bounce with the next level of resistance at $3,700. Let’s take a look at what can happen next? Bitcoin Price: Market Overview Bitcoin price 00 dropped to a new yearly low at $3,210 and the overall market cap now rests at $110.6 Billion. Clearly, bears are still running the […]

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Wyoming Passes Blockchain Bank Bill Despite Industry Opposition

Despite serious opposition from the banking industry, the state of Wyoming has passed a blockchain bank bill almost unanimously. The move further cements the state’s welcoming approach to blockchain integration. 13-1 Majority to Pass the Bill The state of Wyoming has a reputation for being welcoming towards blockchain technology. This reputation was strengthened by a legislative […]

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Japan’s Financial Regulator Says Stablecoins Are Not Cryptocurrencies

The lack of uniformity in stablecoins has led Japan’s Financial Services Agency (FSA) to conclude that stablecoins are not cryptocurrency. Not All Digital Assets Are Created Equal Japan’s Financial Services Agency (FSA) recently announced that it does not believe stablecoins should be classified in the same category as cryptocurrencies. According to Japan’s Payment Services Act […]

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U.S. Federal Election Committee Considers Request to Mine Cryptocurrency for Political Campaigns

Candidates for the 2020 presidential election may be able to accept cryptocurrency mining profits as campaign donations.  Could Mining Reform Political Campaigning? Osia Network, LLC, recently made a request to embed cryptocurrency mining tools on the FEC website and the U.S Federal Election Committee (FEC) is considering whether or not mining profits could be used […]

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‘Nothing At All’ Going on With Crypto Regulation, Says D.C. Insider

Despite the growing importance of the cryptocurrency industry, the US government’s position on crypto regulation remains frustratingly opaque. According to a D.C. insider, a movement towards real regulation or greater regulatory guidance is still quite far away. Had drinks yesterday with a friend who’s deeply connected in DC. Me: “what do you hear about crypto […]

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SEC Will Review Wednesday Decision to Reject BTC-ETF Proposals

The SEC has decided to review yesterday’s orders denying approval of numerous Bitcoin exchange traded funds. Is There a Light at the End of the Tunnel? In what is sure to be surprising news for all, the U.S. Securities and Exchange Commission (SEC) has decided to place a stay on three orders that rejected Bitcoin […]

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South Korea Moving Towards Cryptocurrency Acceptance

South Korea is continuing to legitimize and embrace cryptocurrency through a careful and considered approach. ‘The regulator isn’t opposed to cryptocurrencies’ On May 19, Bitcoinist reported that Korean regulators had agreed to apply the G20’s set of “unified regulations” in regards to cryptocurrencies. South Korea’s Financial Supervisory Service (FSS) stated at that time: It’s almost certain […]

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Bitcoin Market ‘Still in a Growth Phase,’ Says Bullish Trading Expert

Octagon Strategy trader Ryan Rabaglia reminds investors to look at the bigger picture for Bitcoin, while claiming increased regulation will eventually drive prices higher. ‘The Markets are Still in a Growth Phase’ A trending belief in the cryptocurrency space over recent months is that increased regulatory clarity will drive the price of Bitcoin 00 higher […]

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Thailand Temporarily Bans ICOs, Waives Cryptocurrency Tax

Dieter Holger · May 19, 2018 · 2:00 pm Following new cryptocurrencies regulations that came into force Monday, Thailand is grappling with how to regulate and tax the burgeoning market as the public weighs in. Regulations on the Horizon The Thai government will waive the previously planned 7 percent value-added tax (VAT) for individual cryptocurrency investors […]

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Feds Eyeing Regulations to Hit Anonymity of Cryptocurrency

Georgi Georgiev · May 17, 2018 · 3:00 am The feds are contemplating the potential for regulations which would essentially erode one of the most popular aspects of cryptocurrency – its anonymity. During a panel discussion, three United States government officials expressed their sentiment on the potential for future regulations that could seriously affect the […]

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