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  2. bitcoin #crypto #cryptocurrencies Want to save up to 40% on your hotel booking? Try Travala: https://www.travala.com/ref/53EB41 Resources: ...
  3. Holding or trading cryptocurrencies like bitcoin is not banned in India, union minister Anurag Singh Thakur told the upper house of Indian parliament. The Minister of State to Ministry of Finance said the issues of permitting the trading of/in cryptocurrencies remains under examination of a government-appointed interministerial committee. He stressed that the Reserve Bank of India and the Ministry of Finance had issued a string of circulars and notices regarding the use of bitcoin and other similar coins. Nevertheless, only a final report from the committee could shed more light on the final status of such nascent asset class. “Presently, there is no separate law for dealing with issues relating to cryptocurrencies,” wrore Thakur in his response. “Hence, all concerned Departments and law enforcement agencies, such as RBI, Enforcement Directorate and Income Tax authorities, etc. take action as per the relevant existing laws.” Bitcoin Remains Lawless in India, Not Banned: Source: Government of India Globally Acceptable Solution The response followed Bloomberg Quint’s coverage based on an alleged crypto ban draft, which mentioned that the government would sentence crypto traders with a ten year jail time. This week, New Delhi-based lawyer Varun Sethi shared a leaked page from the same draft, which clarified that the Indian government was planning a crackdown on cryptocurrency traders. Nevertheless, Sethi doubted the authenticity of the leaked excerpt. The complete draft of the ALLEGED #Banning of #CryptoCurrency and Regulation of Official #Digital Currency #Bill 2019 #Indiahttps://t.co/DylAkMcEf4 What are #community comments ? Sharing my #reaction #video soon with some #solutions. #Blockchain — Varun | Blockchain Lawyer (@Blockchainlaw91) July 15, 2019 In a separate letter submitted to the Ministry of Corporate Affairs, Thakur said the interministerial committee needs to devise a technically feasible solution that caters to global regulators. Excerpts from his response: “It is difficult to state a specific timeline to come up with clear recommendations. The Inter-Ministerial Committee (IMC) under the Chairmanship of Secretary, Department of Economic Affairs is examining all issues, including the pros and cons of the introduction of an official digital currency in India. No decision on licensing and authorising any entity or company to operate such schemes or deal with Bitcoins or any virtual currency has been made as yet.” Supreme Court Hearing The reply appears ahead of the next Supreme Court hearing of the so-called Crypto vs. RBI on July 23. Following the central bank’s blanket ban on bitcoin trading, the Indian crypto companies filed a case against the federal organization for misusing its position. The legal fight, initiated in July 2018, suffered significant delays due to several technical matters. In the last hearing, which was held on April 2019, the Supreme Court decided to hear the final arguments following the summer holidays. The next hearing could have the interministerial committee submit its crypto draft before the court. If its the same document cited by Bloomberg Quint, the holding and trading of cryptocurrencies will be banned in India. The post Bitcoin Not Banned in India, Finance Minister Tells Parliament appeared first on NewsBTC. View the full article
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  5. Someone in South Korea appears to be trying to take advantage of Samsung's blockchain efforts by nabbing the "Samsung Coin" trademark. View the full article
  6. VeChain Holders Can't Get Their Heads Around This Price Thing https://dailyhodl.com/2019/07/19/vechain-holders-cant-get-their-heads-around-this-price-thing/ ...
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  8. The price of bitcoin has been see-sawing since hitting the $13,000-mark in late June as traders believe that the cryptocurrency could witness a significant pullback in the 30 percent to 40 percent range. But one analyst believes that it would be a good idea to buy bitcoin futures if the crypto asset witnesses such a […] The post $8,000 BTC a Buy with $20,000 Bitcoin Price Boom in Play, Says Analyst appeared first on CCN Markets View the full article
  9. Trying to halt Bitcoin is a waste of time, congressman warns U.S. View the full article
  10. Tel Aviv, Israel- Facebook's Libra dominated the news this week and today the panel will discuss their unique developing world perspectives on the hearings ...
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  13. A bold maneuver in the dark nets a group of crypto thieves very little. View the full article
  14. Institutions are buying more and more Bitcoin says Grayscale! Mattie will also look into Theta Token's partnership with brave browser as well as Zcash being ...
  15. Famous investor unwittingly makes the case for Bitcoin, Chinese courts recognize Bitcoin, and Bitmex may be in trouble! - Buy TIXL Here - https://tixl.me/?
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  17. The Jersey arm of Binance has listed the cryptocurrency exchange's own British pound-backed stablecoin, BGBP. View the full article
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  19. The US Commodity Futures Trading Commission is going to investigate cryptocurrency derivatives exchange BitMEX, according to sources cited by Bloomberg. The regulator would focus on whether or not BitMEX, a Seychelles-based firm, has been offering services to the American citizens. The exchange lets people make big bets on the cryptocurrencies with as much as 100-times margins. The CFTC considers cryptocurrencies like bitcoin as commodities, which brings companies like BitMEX – that offers futures and other crypto-based derivatives trading services – under its jurisdiction. Bloomberg reached BiMEX for further clarification and received the statement from the firm’s spokesperson as follows: “HDR Global Trading Limited, owner of BitMEX, as a matter of company policy, does not comment on any media reports about inquiries or investigations by government agencies or regulators and we have no comment on this report.” Americans Cannot Access BitMEX Until They Can The alleged investigation follows BitMEX’s removal from the North American markets. In 2018, Canadian regulator Autorité des marchés financiers (AMF) sent a letter to the crypto derivative firm over its unlicensed status in the region. But, according to BitMEX’s press representative Wachsman, the firm had started closing the accounts of all its US and Canada-based customers from as back as 2015. “BitMEX has banned all US traders since 2015, and has been proactively closing accounts since guidance was obtained by US regulators, in particular the Commodities and Futures Trading Commission (CFTC),” Wachsman’s Joe Coufal told the South China Morning Post. While Americans cannot access BitMEX through an internet-based protocol based out of the US, they can still use the cryptocurrency exchange using a virtual private network tool. Such software helps the users mask their original locations by providing internet protocol (IP) addresses of other countries. A company typically relies on databases which contain a list of fake IPs to detect whether or not their users are using proxies. “BitMEX has always retained the right to close any accounts and to liquidate any open positions were trading participants has given false representations as to their location or place of residence,” explained Coufal. Banning Users In November 2018, BitMEX banned the account of famous cryptocurrency analyst and trader Tony Vays. The exchange alleged that Vays, a US citizen, provided them fake identification details before liquidating his positions. In his response, the trader said BitMEX wrongfully closed his account since he is not an American. “Just got my BitMEXdotcom account terminated on suspicion of being a US Citizen,” Vays tweeted. “Anyone else finds the timing of this odd?” Just got my @BitMEXdotcom account terminated on suspicion of being a US Citizen. Anyone else find the timing of this odd? The 900+ affiliates that accounted for half my income r gone going forward. After #Unconfiscatable Conf expect prices on all services offered by me to rise. https://t.co/6bShmcdBEF — Tone Vays [#UnderstandBit] (@ToneVays) November 12, 2018 The CFTC’s investigation closely follows Treasury Secretary Steven Mnuchin’s warning of an aggressive crackdown on bitcoin firms operating in the US. Earlier this week, the White House staff called bitcoin “a national security threat.” The post US Regulator to Probe BitMeX Cryptocurrency Exchange: Bloomberg appeared first on NewsBTC. View the full article
  20. China has officially recognized Bitcoin as a valid phenomenon for a second time after a court determined it is “virtual property.” Bitcoin Is ‘Valuable, Scarce And Disposable’ As reported by Caijing quoting the China Securities Journal, a national newsletter published by the Xinhua News Agency, a court in Hangzhou made the judgement during an ongoing dispute between a cryptocurrency exchange and one of its users. The Hangzhou Internet Court said that Bitcoin is “holds the attributes as property – valuable, scarce and disposable.” “We should recognize it as a virtual property,” the judgement text, translated by local cryptocurrency investor Dovey Wan on Twitter, added. The case itself involved now-defunct exchange FXBTC and a plaintiff known as Wu. While the court ultimately ruled against a request for compensation from Wu over missing funds, the decision to give status to Bitcoin is significant, Wan argues. “This case is a major milestone,” she commented, summarizing that the court had de facto confirmed Bitcoin is legal in China. The Hangzhou case follows on from a previous legal ruling in October 2018, when the Shenzhen Arbitration Commission similarly deemed Bitcoin should receive legal protection as property. Central Bank Agrees On ‘Virtual Property’ Tag China’s approach to cryptocurrency thus continues to present contradictory conclusions for residents. As Bitcoinist reported, the government implemented a ban on trading any form of cryptocurrency in September 2017, a policy which remains despite the two judgements. In comments to local newspaper Global Times this week, the country’s central bank, the People’s Bank of China (PBoC), further added to the mixed messages. An official validated the Hangzhou ruling, while appearing to avoid its possible implications for Bitcoin use. “Indeed, Bitcoin is virtual property, but it’s not fiat money,” they told the publication. The PBoC’s reaction to Facebook’s Libra digital currency project further complicated matters. Last week, it emerged that the bank was working on a digital currency of its own, with statements voicing concern about Libra’s potential to corrupt markets by being pegged to the US dollar. “If the digital currency is closely associated with the US dollar, it could create a scenario under which sovereign currencies would coexist with US dollar-centric digital currencies,” Wang Xin, director of the People’s Bank of China’s research bureau, said during a Q&A session. “But there would be in essence one boss, that is the US dollar and the United States. If so, it would bring a series of economic, financial and even international political consequences.” What do you think about China’s recognition of Bitcoin? Let us know in the comments below! Images via Shutterstock, Pandaily The post Bitcoin Is ‘Virtual Property’ Says Second China Court appeared first on Bitcoinist.com. View the full article
  21. CoinDesk dives deep into the complex process of reviewing code for the Bitcoin Core software. View the full article
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  23. Bundesbank President Jens Weidmann spoke in favor of Facebook’s Libra during a recent G7 event, a report says View the full article
  24. How online casinos cheat and how to avoid it Gambling is a profitable activity. For example, according to Casino.com, two years ago the total revenue in the field of virtual gambling was more than $ 50 billion. Read more in our blog --> How online casinos cheat and how to avoid it - EthexBet - Medium Gambling is a profitable activity. For example, according to Casino.com, two years ago the total revenue in the field of virtual gambling…
  25. The US Commodity Futures Trading Commission (CTFC) has launched an investigation against the cryptocurrency exchange BitMEX, Bloomberg reported today. Probe on US customers According to Bloomberg, BitMEX is not registered in the United States, and the CFTC is probing whether the Seychelles-based crypto exchange has broken the rules by giving access to US users to […] The post Crypto Exchange BitMEX Under CFTC Investigation Over US Users: Bloomberg appeared first on CCN Markets View the full article
  26. At least for the time being, Bitcoin (BTC) has lost steam. Since peaking at just shy of $14,000 in late-June, the cryptocurrency has seen a 35% retracement, falling to as low as $9,100 earlier this week. Related Reading: Bitcoin Volatility Surges Since February of 2019; Is Another Big Move Imminent? With this strong correction, which comes shortly after many analysts were calling for Bitcoin to break $20,000 lickety-split, BTC has purportedly broken its parabolic trend. The trend, as depicted by many analysts, has held for over six months, making this break somewhat of a bearish sign. In fact, as Peter Brandt, a legendary commodities trader, pointed out recently, a violation of the parabola could see BTC retrace by 80%, implying a price of $2,800 (actual 80% correction) or $5,000 (80% correction of rally), depending on how you analyze charts. Per previous reports from NewsBTC, the Bitcoin maximalist who has famously claimed that more than 95% of altcoins are likely to fail stated: “If current parabolic phase is violated, we could expect either an 80% correction of 7-month advance or much smaller correction w/ definition of new parabola w/ shallower slope. $BTC Note formation of possible 2-wk H&S or H&S failure” he explained in a recent tweet.” While many have focused on the first scenario, which is obviously more eye-catching than the latter, historical trends suggest that Bitcoin is unlikely to hit $5,000, despite what bears may say. Not the End of the World No, Bitcoin breaking under its seven-month parabola is not the end of the world. Far from. As Mohit Sorout, a partner at Bitazu Capital, recently pointed out, those calling for dramatic corrections due to the loss of the trend should not be paid attention to. As Sorout notes, during the starts of previous bull runs, especially the one seen in 2016/2017, there were a handful of multi-month parabolas that broke on multiple corrections. The thing is, BTC then didn’t see an 80%+ correction, so why should it experience such a downturn now? Pay ZERO attention to accounts calling doom over break of intermediate i. parabolic advances and ii. price channels. One will break, a new one will form. We're in a #Bitcoin bull market, don't get shaken out. #stacksats pic.twitter.com/Eu5ffYPDVd — Mohit Sorout (@singhsoro) July 19, 2019 The investor goes on to point out through a chart that if history repeats itself, $9,100 could be the lowest that BTC will drop to, maybe forever, and that BTC may be on the verge of entering yet another parabola. What’s more, Crypto Hamster recently pointed out that the one-day Relative Strength Index (RSI) and the Stochastic iteration of this indicator were at their lowest levels since at least February when BTC hit $9,500. The one-day Moving Average Convergence Divergence (MACD) tapped the zero level, despite the fact that Bitcoin is in a raging bull market according to most analysis. Also, the Elder’s Forse Index, an indicator meant to exhibit the strength of moves, was at its lowest since November 2018; and historical volatility was almost at 100%, implying a move to the upside to return volatility to levels deemed normal. Related Reading: Bitcoin Suddenly Surges Past $10,000 as Bear Trend Dies; Factors & Trends Most importantly, though, this retracement is par for the course. You see, if this is truly a bull market, a 30% to 40% correction every few months is entirely normal. As CryptoSlate’s Thies reminds his followers, the rally seen in 2015 to 2017 saw BTC fall by 31% to 40% over five times, retracing to touch a key resistance-turned-support level, before continuing higher. $BTC Bull run in 2015-2017 included run-ups, typically followed by a retrace to touch the top of the prior high. These drops ranged from 31-40%, before rinsing/repeating onward. Looks very similar to what we are seeing now. pic.twitter.com/vd5grw1bVC — CryptoThies (@KingThies) July 18, 2019 What’s Next for Bitcoin? So, barring that BTC doesn’t collapse to sub-$5,000 levels, what exactly is next for the cryptocurrency? According to most analysts, a strong rally to finish the year strong. Per a recent CNBC interview with Fundstrat’s Tom Lee, Bitcoin will soon see fresh all-time highs. In that interview, Lee mentioned that BTC is likely to get boosted by Trump’s tweet on cryptocurrency, the discourse around Libra, and a growing number of issues with fiscal policy. Further supporting his thesis, Lee stated on a Binance podcast that once $10,000 is breached, FOMO will result in a “fast and furious” move to $20,000, then a six-month appreciation to potentially $40,000. This isn’t the only sign showing that $40,000 is possible. Per previous reports, Timothy Peterson laid out a model that suggested that since Bitcoin gained 180% year-to-date (effectively the 2019’s first half), it has another 250% to run. This implies a price of $40,000. There are some detractors to this theory, however. Namely Dave the Wave notes that should BTC follow its logarithmic growth curve, the asset could return to the $6,000 range by the end of 2019. Featured Image from Shutterstock The post No, Bitcoin Breaking a Parabola Won’t Force BTC to Collapse to $3,000 appeared first on NewsBTC. View the full article
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