Russia & Crypto | Cryptocurrencies Are Assets, Not Money

Traders and analysts are divided about the status of cryptocurrencies; some consider them alternative money while others deny them as a medium of exchange. Cryptocurrencies initially emerged as an alternative to traditional currencies, but market opinion has changed significantly after seeing the huge price volatility in Bitcoin (BTC) in particular.   Big banks such as […]

Will New York Abolish BitLicense? | Senator Ron Kim proposes Bill

A bill to Abolish BitLicense in New York? “NOTWITHSTANDING ANY OTHER  LAW, RULE OR REGULATION, NO  PERSON, CORPORATION, PARTNERSHIP  OR OTHER ENTITY THAT CONDUCTS CRYPTOCURRENCY BUSINESS ACTIVITY SHALL BE REQUIRED TO PAY A LICENSING FEE IN ORDER TO CONDUCT SUCH CRYPTOCURRENCY BUSINESS ACTIVITY.” These are perhaps the most beautiful and unexpected words for any New Yorker […]

Bitcoin Price Rally | U.K Regulators Weighed on Prices

Bitcoin (BTC) is struggling to extend its uptrend. It soared above 22% and hit the critical resistance level in early trade yesterday – BTC price trades below 9K today. Bitcoin price declined slightly in today’s trade with stiff resistance from bears – who believe regulators will kill illicit activities, which accounts for the significant portion […]

Binance Receives Major Warning From Japan | What Next?

The world’s largest cryptocurrency exchange, Binance, just received a huge warning from Japan. The exchange is listed in Hong Kong but it’s servers actually reside in South Korea. Since the Chinese did that firewall ban, the Binance IPs moved to the British Virgin Islands and other locations to avoid regulatory issues in the future. Just […]

Regulations, Taxes, Scandal | The Bull Run Ended As Fast As It Started

Cryptocurrencies resumed the selloff after posting gains in the last three days; the market was jolted by several unpleasant reports that have long-standing implications on cryptocurrency markets. Today’s news involves the Internal Revenue Service. The Internal Revenue Service seems to be broadening their tax range; IRS is now looking to impose capital gains tax on all […]

Cardano(ADA), Tron(TRX), Stellar(XLM), & NEO | Deflate Today

The cryptocurrency market saw some bright blue skies yesterday, as most coins were seeing gains. However, that only lasted briefly because this morning most of the market is back in the red. The G20 summit helped to propel crypto investors spirits as the countries came to the decision that immediate regulations on cryptocurrencies were unnecessary. Added […]