Another three Cryptocurrency exchanges DUMPED by traditional Banking Industry

Yet another blow to cryptocurrency by traditional banking – this time in Chile. State-owned BancoEstado was providing financial services to the three exchanges but has just announced that their accounts will be closed in ten days.   This news was reported in the local newspaper, El Mercurio.     The bank announced – “BancoEstado adopted the decision, for now, not to operate with companies that are dedicated to the issue or creation, brokerage, intermediation or serve as a platform for calls or so-called cryptocurrencies.”   Orionx, CryptoMKT and Buda.com are the…

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CryptoBridge and the Future of Digital Asset Trading

Follow my blog with Bloglovin Most of trading and interest the worldwide groundswell of interest in digital currency over the past year has been funneled through major exchanges like Coinbase, Gemini, and Kraken. These centralized exchanges have brought billions of dollars of value to blockchain projects and digital currencies. The growth has been exponential — over 3400% in 2017 alone and there are hundreds of them starting up everywhere.     However, these centralized exchanges are subject to hacking and a host of other problems regarding security and user privacy.…

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Two Bitcoin Exchanges shut down as Regulators tighten grip in Japan

A shakedown is happening in Japan as regulators tighten their grip on Cryptocurrency exchanges.     As per Japanese Law, all cryptocurrency exchange operators are required to register with the FSA – Financial Services Agency, and as reported by the Nikkei Asian Review, of the thirty-two exchanges in Japan, half have registered while the other sixteen continued to operate under review. Tokyo GateWay and Mr. Exchange are the two exchanges withdrawing their applications to register.   Just one year ago, on 1 April 2017, the Japanese government passed into law…

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Is the Bear Market for Cryptocurrency over?

There is no doubt the cryptocurrency market has been gripped by a bear market.  All cryptocurrencies are showing volatility, mostly in decline.     Fundstrat Global Advisors believe the bear market is now over for altcoins, cryptocurrency other than Bitcoin.  Of course this will be music to the ears of many investors and traders, however, they warn not to expect a rally anytime soon.         As reported by Bloomberg, “alt-coins show a 75 percent decline over the past 64 days, this after a 62-day rally pushed them…

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What are the Bitcoin Tax guidelines?

Many Governments are concerned that they are missing out on tax revenues from cryptocurrency enthusiasts, the USA in particular.     It has been reported by Reuters that less than 100 people out of the 250,000 individuals who have already filed federal taxes this year through company Credit Karma reported a cryptocurrency transaction to U.S. tax authorities.      In an attempt to gain the taxes due to them, popular Cryptocurrency Exchange, Coinbase, has been ordered to send more than 13K client details to the IRS. Read more – Click…

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The Year of the Altcoin

It’s no doubt that 2017 was a remarkable year for Bitcoin, with a single Bitcoin valued at almost $20, 000. That said, Bitcoin’s movements over the last year have certainly paved the way for up-and-coming altcoins.     Alternative coins refer to any other cryptocurrency that isn’t Bitcoin. Based on price growth and market cap, Fortune Jack analysed the top performing altcoins from 2017, to find out where these altcoins will be headed in 2018.   Quick View: The Fastest Growing Altcoins of 2017 2017 PERFORMANCE OF TOP ALTCOINS Currency…

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Unified Global Cryptocurrency Regulation called for by G20

Last year, 2017, was most certainly the year of the ICO, and 2018 could prove to be the year of regulation.  At the G20 meeting of finance ministers in Buenos Aires, it was agreed by the member nations that more information on cryptocurrencies needs to be gathered and examined.  However, countries do see cryptocurrency as an asset, not a currency.     As cryptocurrency fever takes hold of the world, regulators in various countries are making their positions known.  In the USA, the Securities and Exchange Commission (SEC) has issued…

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How the Embedded Vault uses EOT

  There are many areas where the Embedded Vault uses and will use EOT in the future, as short explanation follows.   Installation EOT is used in the installation process of the Embedded Vault.   Dynamic Key Creation: Every time the Embedded Vault or an application inside the EV is used a small cryptocurrency transaction takes place in the background and EOT is used in the process of creating the keys.   EOT Wallet: This is the most obvious use for EOT.  EOT is a very effective, fast and secure…

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Is Bitcoin Mining Profitable?

It is logical to assume that the lower the price of Bitcoin, the lower the profits of mining will be.  Bitcoin has seen more than a 50% drop in price from the highs it reached at the end of 2017. According to a report by CNBC, it is no longer profitable to mine Bitcoin according to some expert estimates.       “Bitcoin currently trades essentially at the break-even cost of mining a bitcoin, currently at $8,038 based on a mining model developed by our data science team,” Fundstrat’s Thomas…

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Decentralized vs Centralized Bitcoin Exchanges, Binance wants both

Binance has just announced that they plan to develop a public blockchain in order to create a new exchange.  This time, a decentralized exchange.     Taken from the Binance statement:- “After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence. We stand here today because we believe that Blockchain…

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