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  2. There are top reputable cloud mining providers, so you can avoid scam companies. Check out on the internet
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  4. There are reports that the Reserve Bank of India (RBI) is behind the call to completely ban bitcoin and cryptocurrencies in India. This revelation comes amid the recommendation by the government instituted committee tasked with evaluating crypto regulations in the country calling for a blanket prohibition on virtual currencies. Meanwhile, crypto stakeholders both within and outside the country say the government would be making a massive mistake if follows through on outlawing cryptocurrencies in India. No End to Central Bank’s Beef with Bitcoin According to the Business Standard, India’s apex bank and not the central government is behind the recommendation to ban bitcoin and cryptos in the country. On Monday (July 22, 2019), the inter-ministerial committee set up to look into crypto regulations in India submitted its report calling for a blanket prohibition of virtual currencies in the country. The top hierarchy of the RBI says bitcoin creates “a chain of black money.” This characterization of cryptos as being enablers of criminal activities is one that is present in many jurisdictions across the globe. Several anti-crypto voices espouse this sentiment despite the fact there is little evidence to back up the claim. Additionally, mainstream finance continues to be the conduit for illicit activities across the globe. Major banks like Wells Fargo, JPMorgan, and Deutsche indicted on money laundering charges certainly didn’t use crypto. It will be recalled that the RBI did strike the first salvo in the war on cryptos in India. Back in 2018, the apex bank banned commercial banks from offering services to cryptocurrency exchanges in the country. Gov’t Reportedly in Favor of More Nuanced Regulations For government officials like Subhash Chandra Garg, banning bitcoin and cryptos isn’t the right course of action. The Economic Affairs Secretary and head of the inter-ministerial committee (IMC) charged with looking at modalities for regulating cryptos reportedly argued for a more nuanced approach to virtual currencies. Business Standard quotes Garg as saying that bitcoin and cryptos constituted an economic phenomenon. Thus, rather than instituting a bitcoin ban, the government ought to find a way to regulate the industry for the benefit of all stakeholders. In the absence of sensible crypto laws, the country’s virtual currency sector continues to suffer. Several bitcoin exchanges have shut down their operations in India with some relocating to friendlier jurisdictions. Commercial banks have even joined in the campaign against crypto in India. There have been reports of some banks terminating accounts of customers engaged in cryptocurrency transactions. Bitcoin Ban Looms in India With the IMC submitting its report on Monday, there have been fears that India is one step closer to banning bitcoin completely. Across the world, there have been strong reactions to the news with stakeholders condemning the apparent direction of the matter. Tweeting on Monday, Anthony Pompliano of Morgan Creek Digital expressed concern at the latest developments from India concerning crypto. One of the more troubling elements from IMC’s recommendations come in the form of financial fines and penalties for people caught engaging in cryptocurrency transactions. We need to pay attention to what is happening in India around cryptocurrency regulation. I’m willing to fly to meet with lawmakers and regulators if someone can get me a meeting. Who can help? — Pomp (@APompliano) July 22, 2019 This proposed proviso is in keeping with rumors of prison sentences for crypto dealing in India. Such a stance might take India’s crypto aversion beyond that of other hostile places like China. While calling for a crypto ban, the IMC recommends that the government take steps to adopt blockchain technology. The blockchain, not bitcoin approach also provides some evidence of the RBI being firmly responsible for the push towards a bitcoin ban. The RBI released a regulatory sandbox for fintech earlier in the year which included blockchain startups but excluded crypto-related businesses. The post Reserve Bank of India is Reportedly Behind the Push to Ban Bitcoin appeared first on Blockonomi. View the full article
  5. Facebook hasn't responded to a request by Switzerland’s data privacy regulator for more details on Libra, despite the project being based in Geneva. View the full article
  6. Goldman Sachs-backed Circle has moved Poloniex to Bermuda obtaining a digital asset license from the government. The move comes following increasing frustration with restrictive U.S. cryptocurrency laws. Poloniex will reportedly continue its geofencing of U.S. customers from particular cryptocurrency tokens listed on the platform. However, non-U.S. crypto traders will have unfettered access the crypto exchange. Stakeholders warn that the unclear regulatory environment in the U.S. will continue to cause a hindrance to digital innovation in the country. Circle Obtains “Class F” DABA License in Bermuda On Monday, Circle announced that it was moving Poloniex operation to Bermuda for non-U.S. customers. According to Forbes, the crypto-financial startup company obtained a “Class F” license under Bermuda’s Digital Assets Business Act of 2018 (DABA). The license allows Circle to offer a suite of cryptocurrency investment options to international clients right from its new base of operations in Bermuda. DABA also provides a full-spectrum regulatory framework for different aspects of the crypto industry including initial coin offerings (ICOs), trading, and wallet/custody services. Circle’s move to Bermuda also resulted in the creation of a new subsidiary — Circle International Bermuda. This new entity will allow the onboarding of non-U.S. customers of Poloniex to trade cryptocurrencies. The Goldman Sachs-backed Circle becomes the first crypto-focused company to receive the license. It also adds up to a major scoop for Bermuda in its quest of becoming the global de facto blockchain Island. For that particular crown, Bermuda will have to go up against the likes of Malta and Gibraltar. Some island nations are trying to create an enabling environment for digital assets with major economic powers like the U.S. and China not exactly welcoming of crypto commerce. Balancing Innovation with Regulatory Compliance For Circle, the move to Bermuda represents the choice of trying to balance digital innovation and robust regulatory compliance. The DABA framework reportedly includes safeguards against money laundering and terrorist financing in line with regulations set forth by the Financial Action Task Force (FATF). Circle hierarchy says these robust regulatory requirements neutralize the legal haven narrative usually ascribed to offshore locations. Commenting on the move, Gus Coldbella, the chief legal officer at Circle, told Forbes: “We’ve always been advocates for forward looking regulatory clarity on digital assets. That being said, we’ve been searching the world for jurisdictions that met our criteria, but that were also deeply focused on regulatory compliance. We evaluated a number of places to base our international operations in and Bermuda was a perfect fit. Under the DABA license, Circle will be able to operate a suite of regulated crypto financial services for our international customer base, including expanded digital asset product offerings.” The decision to not jettison regulatory compliance in favor of an enabling environment for virtual currency operations come at a time of increased government scrutiny on the crypto industry. Facebook’s Libra project has been the subject of hearings in the U.S. with other jurisdictions expressing their uncertainty about the social media giant’s foray into the digital payment arena. Geofencing of US Cryptocurrency Traders Will Continue Circle’s move to Bermuda also highlights the negative impact of unclear regulations in the U.S. According to Circle, U.S. customers will not have access to the new catalog of offerings from Poloniex. Earlier in the year, Circle declared that lack of clarity from the U.S. securities and exchange commission was adversely affecting the country’s crypto market. Poloniex even geofenced a few cryptocurrency trading pairs from its U.S. customers. Stakeholders in the U.S. say Congress needs to move forward with passing favorable regulations for the crypto industry. There are efforts currently being made to pass the Token Taxonomy Act which would exempt crypto tokens from securities law. The post Circle Moves Poloniex Crypto Exchange to Bermuda for Non-US Customers appeared first on Blockonomi. View the full article
  7. Have you guys heard of the new bags token that wants to upcycle worthless tokens? Can you see clearly what the difference between the projects are? This is another sign of how we're affecting the market and making it healthier. A lot of their ideas and language come from work we have done over the last two years. This is great and means we are succeeding in teaching people about the new to clean up! What are your thoughts?
  8. iFinex and The Office of New York’s Attorney General are locked in what could be tagged as a high-profile legal dispute, and no party seems to be backing down. On Monday, lawyers representing Tether and Bitfinex (both housed under iFinex and directly involved in the case) submitted several filings in a bid to assert their point that they never served New York-based customers. In the filings, the attorneys claimed that the ONYAG misled the court in previous submissions, deliberately making the companies connection within the state look stronger than they are. The filings are all a part of Bitfinex’s attempts to get the case dismissed entirely. Since the Martin Act, a securities law in New York, forbids the ONYAG from prosecuting fraud cases outside New York State, Bitfinex is on a mission to prove that the Office is indeed out of its jurisdiction. Foreign Entities not New York-based Firms In one of the filings, the ONYAG had claimed that Bitfinex was operating in New York when it granted Tether (USDT)-based loans to a trading firm in the state. The NYAG also noted that the exchange also opened an account with another firm to facilitate the transaction. Summarily, the exchange revealed that they transacted with foreign entities that don’t have operations in New York. It added that the summation of the ONYAG’s documents detailing their customers was related to “Eligible Contract Participants (ECPs).” To further clarify, Bitfinex’s attorneys explained that according to the company’s terms of service, all ECPs that conduct transactions with the exchange are required to be foreign entities. “Although those foreign entities may have shareholders or personnel who reside in, or otherwise have contact with, the United States or New York, Bitfinex’s and Tether’s customers are the foreign entities themselves,” the exchange explained. In addition to that, it was revealed that the elephant in the room- the allegedly embezzled funds which led to the line of credit from Tether to Bitfinex- also took place outside New York. At the time, any claims of Tether being fully backed were made by an entity outside the state as well. Again, Bitfinex and its lawyers questioned why the ONYAG would get involved in something that was out of its jurisdiction. A smart nudge to its option to dismiss the case. Does the NYAG have Evidence? In a separate filing, the exchange’s attorneys claimed that the ONYAG was unable to show that Bitfinex had any business dealings in New York. It added that even if the legal authority could show that it had served New York residents, they hadn’t established that any of the company’s activities had affected investors in any way. In part, the filing reads, “AG has failed to identify a single New York customer who was misled or even considered representations about tether’s backing, nor any New Yorker harmed.” There is no doubt that the ONYAG will find a way to challenge this claim, as it has always done. In what has pretty much become the crypto industry’s most dragged out legal battle of the year, all eyes will be on both entities and who does come out on top when it’s all said and done. The post Bitfinex: NY Attorney General Misled the Court in Recent Filings appeared first on Blockonomi. View the full article
  9. #GoldToken #1MillionSupplyOnly #Tradeable Already Listed on Coinmarketcap and Tradeable on Many Exchanges Earn upto 10 GOLD Token Because of limited supply Expectation Price of 1 GOLD Token = 5 US Dollar. TASK: Join on Telegram and follow twitter account only Register here: https://t.me/goldentokenwallet_bot?start=831977708 Thank you.
  10. Dear Community, We are inviting Select Professional API Traders to take part in our Zero Fee API Trading Program. Official Announcement: https://rebrand.ly/ABCC-ZeroFeeAPI In the Cryptocurrency space, API trading is common amongst all exchanges and offers a huge level of liquidity to traders. However, due to the high volumes of trade executed, API traders face significant trading costs to be paid to exchanges. Close To Zero Trading Fee On ABCC Exchange For a limited period of time, we are opening up the Zero Fee API Trading Program! Under this program, you can choose to be charged zero fees for either Maker OR Taker fees. Depending on your choice, you will be charged only 0.1% fees for either maker or taker. The requirements to be part of the program are as follows: – The minimum monthly trading volume of at least $100,000 – Initially limited to the following trading pairs:BTC/USDT, BTC/ETH , ETH/USDT and XRP/USDT – Must have completed KYC process The number of traders accepted into the program will initially be capped at 20 traders that enjoy zero fees for maker or taker each. Why You Should Apply So who should apply for this program? Answer: If you trade more than $100,000 worth of BTC or ETH, you should apply. Let us use an example to illustrate why. Assume that you trade $500,000 worth of BTC and ETH in a month. An exchange charges you 0.2% for both maker and taker fees (A common fee structure for most exchanges) Under the scenario that you execute both maker and taker fees equally, your fees will add up to approximately $1,000. This is a substantial amount that you will have to pay monthly, reducing your profits made from trading. Now if we were to take the same parameters under the ABCC API Trading Program, your trading fees will be approximately $250! Furthermore, this figure is likely to be lower as you can choose whether you want maker or taker fees to be zero according to your trading strategy. Any Other Initiatives To look Forward To? We have limited the number of applicants accepted into the program as we want to ensure the quality of API traders. However, we do understand that there will be many applicants who are outside the selected 40 API traders. If you face this situation, fret not! In situations whereby API traders fail to meet the monthly volume requirements, API traders who are on the waitlist will replace them. Furthermore, we are looking into launching a rebate program where API traders who are not accepted can join, giving you discounted fees when you do API trading. We are in the midst of launching new changes to our referral program and new initiatives as well, so please stay tuned! We Are Open For Application Now If you find that you fit the bill nicely for this program, apply now! We are accepting applications from now till August. Applicants who are accepted into the program will be contacted within one week of applying, with selection carried out on a rolling basis. As we process applications on a first-come-first-served basis, apply now so as not to miss out! Gear up your Trading, Apply Now! http://bit.ly/apply0api Warmest Regards, Isabelle Website: https://abcc.com/en Telegram: https://t.me/abcc_en Blog: https://blog.abcc.com/ Medium: https://medium.com/abcc-exchange Twitter: https://twitter.com/ABCC_Exchange
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  12. Like. Comment. Subscribe. Twitter: https://twitter.com/AltcoinDailyio Don't Buy Bitcoin. It's Going To Crash!!! https://www.youtube.com/watch?v=XbZ8zDpX2Mg ...
  13. Bitcoin has dipped back below the $10,000 mark as the crypto markets are seeing near-total red View the full article
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  15. Bitcoin price is still on track to hit record highs this year, according to Dan Morehead, founder and CEO of Pantera Capital. During a podcast interview with Unchained, Morehead explained the massive growth potential. “Graph the price of bitcoin logarithmically and its trend has been to grow at 235% compound annual growth rate. That puts […] The post $356,000: Stratospheric Bitcoin Price Coming in 2022, Predicts Pantera Capital CEO appeared first on CCN Markets View the full article
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  17. Bitcoin price action could hit a massive $42,000 figure by the end of this year, the CEO of crypto investment firm and hedge fund Pantera Capital thinks. Bitcoin Price Trend Line Can Lead To Huge Gains Speaking on the latest episode of the Unchained Podcast on July 23, Dan Morehead said that the firm was sticking by its trusted Bitcoin price analysis to determine future performance. This, he confirmed, includes the possibility of BTC/USD hitting $356,000 in 2021 if its historical compound annual growth rate persists. At the bottom of the 2018 bear market, when Bitcoin traded at $3100, Pantera considered what growth would be if the price returned to its historical trend line and then kept up that performance in future years. “That put Bitcoin at $42,000 at the end of 2019, which I know sounds crazy, but essentially we’re halfway back there,” Morehead said. “It’s right on the trend line, and I think it’s a good shot that by the end of the year, we hit that, and then if you just extrapolate that line out for another year, it’s $122,000 per Bitcoin and in one more year $356,000[.]” Morehead: Markets Will Accept ‘Crazy’ Price Increases Bitcoin’s volatile last few weeks has concerned analysts who were already considering where the three-month-long bull market which began in April would end. Currently trading under $9800, Bitcoin is now 30% below its recent highs of $13,800, challenging even other, less optimistic, prediction models which put it at $21,000 by the end of the year. As Bitcoinist noted, $9800 support is all that stopped markets from falling further this week, as traders nurse 11% monthly losses. For Morehead, however, the psychology behind bigger numbers for the Bitcoin price has already proven its nature. “…($42,000, $122,000 and $356,000) sound crazy, but (in) our first research piece that we wrote on Bitcoin, we predicted it would go to $5000, and when it was at 100 bucks, everyone thought that was totally nuts, but these numbers, in 2 or 3 years, people look back and go, oh yeah, that makes sense,” he continued. Similar logic could lend weight to some of the boldest Bitcoin price forecasts still on the market, including John McAfee’s infamous $1 million bet with himself. Others, such as investor Tim Draper’s $250,000 price tag by 2023, also ensure Morehead is not alone in his bullish outlook. What do you think about Pantera Capital CEO’s Bitcoin price predictions? Let us know in the comments below! Image via Shutterstock The post Bitcoin Price To Hit $42000 In 2019; $356,000 By 2021: Pantera Capital appeared first on Bitcoinist.com. View the full article
  18. Cryptocurrency has had its share of detractors since the first token launched some years back. Over the years the number of detractors has increased, but their complaint hasn’t. They all sing the same tune—liking digital assets as tools that help criminals and money launderers. So far, even the President and top government officials have used this same line to undermine crypto. A recent study has shown that things are far from what they seem. New research from cryptocurrency intelligence firm Messari has shown that contrary to public consensus among crypto’s detractors, fiat currencies are still the preferred currency of choice for money launderers and other bad actors on the Dark Web. The report cited sources from both the United Nations Office of Drugs and Crime and blockchain analysis firm Chainanlysis. According to the report, the ratio of Dark Net money laundering operations carried out with fiat currencies compared with crypto assets is a staggering 800:1. Proving Uncle Sam Wrong The research was carried out in light of criticism from Mr. Steve Mnuchin, the Secretary of the United States Treasury. In a press conference convened last week, Mnuchin had echoed the sentiments of President Donald Trump, claiming that “Cryptocurrencies such as Bitcoin have been exploited to support billions of dollars of illicit activity like cybercrime, tax evasion, extortion, ransomware, illicit drugs, and human trafficking. Many players have attempted to use cryptocurrencies to fund their malignant behavior. This is indeed a national security issue.” I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity…. — Donald J. Trump (@realDonaldTrump) July 12, 2019 However, as this report notes, it would seem that I the criminal industry, crypto assets are bested as the “legal tender of choice,” once again falling behind cash. While Mnuchin’s statements were damning, he did also point out that the Trump administration could enforce crypto regulations in the future, per an interview with CNBC’s Squawk Box. For now, Crypto’s the Lesser of Two Evils Of course, both parties are right. On the part of Mnuchin, his assertion that crypto assets are linked to money laundering and other illegal activities is correct, as supported by recent reports here and here. But Messari’s report did one better. You can’t point the finger at crypto as a tool in the hands of money launderers, without pointing two fingers at cash too. It also seeks to refute the claim of many that the establishment is a “cleaner” system than that being ushered in by crypto assets. It’s the same way anyone looking to argue about banks structure and seeming crime aversion won’t like to hear that a cargo vessel owned by JPMorgan Chase was recently seized with $1.3 billion worth of cocaine on it. In contrast, only about $500 million in crypto assets has been spent by criminals since the year started. They’re both terrible, but we can at least see which is worse. For now, we can put the “crypto is for criminals” rhetoric to bed. Understandably, a lot of people believe that crypto assets are dangerous for the financial system, and there are multiple arguments to be made for this point. However, painting the assets as tools in the hands of criminals at this point has become mute. The post Study: Money Launderers Still Prefer Fiat to Cryptocurrency appeared first on Blockonomi. View the full article
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  23. The United States Senate Banking Committee is set to hold a broader debate on crypto and blockchain regulatory frameworks next week View the full article
  24. This video explains a potential strategy for trading in market conditions when you are expecting the price to break out, but are unsure about which direction.
  25. Ethereum price remained in a bearish zone and accelerated declines below the $210.00 support. ETH price might correct higher, but upsides are likely to be capped near $210.00 and $212.00. Ethereum price is extended its decline below the $210.00 and $205.00 supports. ETH/USD is likely to face hurdles on the upside near $208.50 and $210.00 on the 30-minute chart. The price could correct higher, but the bulls are likely to struggle near $210.00 or $212.00. Read: Review of Cryptohopper Ethereum Price Analysis (ETH to USD) Yesterday, we discussed a possible breakdown in Ethereum price below the $215.00 support level. ETH/USD remained in a bearish zone and accelerated declines below the $210.00 and $205.00 support levels. Click to Enlarge Chart Looking at the 30-minute chart of ETH/USD, the pair traded close to the $200.00 level, settled below the 22 simple moving average (30-minue), and a swing low was formed near the $201.22 level. At the moment, the price is consolidating losses near the $202.00 level. An immediate resistance is near the $205.00 level plus the 23.6% Fib retracement level of the recent slide from the $219.39 high to $201.22 low. Moreover, there is a short term contracting triangle forming with resistance near $205.00 on the same chart. Therefore, if there is an upside break above $205.00, the price could correct higher towards the $210.00 resistance area. The stated $210.00 level was a support earlier and now it might act as a strong resistance. Moreover, the 50% Fib retracement level of the recent slide from the $219.39 high to $201.22 low is also near the $210.00 level. Therefore, the price is likely to struggle near the $210.00 resistance. The next resistance is near the $212.00 level, above which there is a connecting bearish trend line with resistance near $214.00 on the same chart. After a short term upside correction, Ethereum price is likely to struggle near the $210.00 and $212.00 resistance levels. On the downside, the main support is near the $200.00 area, below which there is a risk of more losses below the $196.00 and $192.00 levels. The market data is provided by TradingView, Bitfinex. The post Ethereum Price Analysis: ETH Turned Sell On Rallies Near $210 appeared first on Blockonomi. View the full article
  26. Last February, the star of the Duke University basketball squad literally blew his Nike sneaker during a game. Zion Williamson, and the rest of America, was astonished by the incident. Even worse, Zion Williamson sprained his knee. This could have been a PR disaster for Nike. Instead, Nike has capitalized on the incident by signing […] The post Nike Shushes Naysayers, Signs Zion ‘Exploding Shoe’ Williamson to Jordan Brand appeared first on CCN Markets View the full article
  27. Ripple price is trading with a bearish bias below the $0.3200 pivot level. XRP/USD is likely to continue lower and it might even break the $0.3020 support in the near term. Ripple price struggled to climb back above $0.3250 and extended its decline below $0.3120. There is a crucial bearish trend line forming with resistance near $0.3120 on the 30-minute chart. XRP/USD might continue to move down and it could even trade below $0.3020 and $0.3000. Read: Our Review of Kucoin Ripple Price Analysis (XRP to USD) Yesterday, we saw a solid rise in selling pressure on bitcoin, ripple, cardano, TRX, and Ethereum. XRP/USD was seen following a bearish path after it failed to stay above the $0.3250 and $0.3200 support levels. Click to Enlarge Chart Looking at the 30-minute chart of XRP/USD, the pair gained bearish momentum below $0.3160 and settled well below the 25 simple moving average (30-minute chart). Moreover, there was a break below the $0.3080 support and the price traded towards $0.3020. A new weekly low was formed at $0.3026 and the price is currently correcting higher. The 23.6% Fib retracement level of the recent drop from the $0.3163 high to $0.3026 low is acting as a short-term hurdle. On the upside, there are many hurdles near the $0.3090 and $0.3100 levels. The 50% Fib retracement level of the recent drop from the $0.3163 high to $0.3026 low is also near the $0.3095 level. More importantly, there is a crucial bearish trend line forming with resistance near $0.3120 on the same chart. To start a convincing recovery, the price must break the trend line and gain momentum above the $0.3150 resistance. The next important resistances are near $0.3200 and $0.3220. On the flip side, if ripple price fails to correct above $0.3100 or $0.3120, it could extend its decline. An immediate support is near the $0.3020 level. If XRP price slides below the $0.3020 support, there could be a sharp decline below $0.3000 and $0.2980. Overall, ripple is trading with a bearish bias and its price might decline further below $0.3020. The market data is provided by TradingView, Bitfinex. The post Ripple Price Analysis: XRP Signaling Bearish Continuation Below $0.3020 appeared first on Blockonomi. View the full article
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