Category Archives: BitcoinNews

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Bitcoin News Radio Show, 15th August 2018

Listen to the 15 August 2018 Bitcoin News Radio Show below.

On this edition of the show, we start with a Bitcoin market update. We then discuss how Venezuela is adopting the Petro as their national cryptocurrency. After that, we discuss how blockchain size is making it hard to download Bitcoin. Hear about the BitMEX CEO calling Ethereum a shitcoin and learn about how much electricity Bitcoin mining uses.

Follow the Bitcoin News Radio Show on AnchorSpotifyGoogle PodcastsStitcherRadio PublicPocket Casts, and Breaker. We broadcast a new episode every day, covering the most important topics in the crypto, Bitcoin, and blockchain world!

 

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Bitcoin News Radio Show, 9th August 2018

Listen to the 9 August 2018 Bitcoin News Radio Show below.

On this edition of the Bitcoin News radio show, we start with a Bitcoin market update, followed by news that BitMEX has tied their record of 1 million Bitcoins of trading volume in a day. Hear about how Ethereum Classic has been listed on Coinbase but dropped 30% since it was listed. We devote most of the show to discussing the history of Satoshi Nakamoto, the mysterious founder of Bitcoin.

Follow the Bitcoin News Radio Show on Anchor, Spotify, Google Podcasts, Stitcher, Radio Public, Pocket Casts, and Breaker. We broadcast a new episode every day, covering the most important topics in the crypto, Bitcoin, and blockchain world!

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

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Image Courtesy: Zachary, Bitcoin News

The post Bitcoin News Radio Show, 9th August 2018 appeared first on BitcoinNews.com.

Bitcoin News Radio Show, 8th August 2018

Listen to the 8 August 2018 Bitcoin News Radio Show below.

On this edition of the Bitcoin News radio show, we discuss how the Bitcoin market has dropped significantly following the rejection of the Winklevoss Bitcoin Trust ETF and the delay of the VanEck SolidX Bitcoin ETF. We then discuss how quantum computers could be a threat to Bitcoin in the future, but how a possible solution could be switching to a quantum blockchain. Finally, we talk about Honeyminer, which is an easy way to mine cryptocurrency on your personal computer.

Follow the Bitcoin News Radio Show on Anchor, Spotify, Google Podcasts, Stitcher, Radio Public, Pocket Casts, and Breaker. We broadcast a new episode every day, covering the most important topics in the crypto, Bitcoin, and blockchain world!

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

Image Courtesy: Zachary, Bitcoin News

The post Bitcoin News Radio Show, 8th August 2018 appeared first on BitcoinNews.com.

Bulgaria to Monitor Crypto Market with Focus on Regulatory Steps

Bulgaria has announced that it is to begin monitoring cryptocurrency and ICO activities in the country through its government watchdog, according to Cryptovest. The focus of Bulgaria’s Financial Supervision Commission (FSC) will be securing a safeguard against illegal activity such as money laundering and fraud connected with cryptocurrency.

As reported in Bitcoin News over the past few days, Bulgaria seized a massive BTC 213,519 in May currently worth around USD 1.4 billion, making the country a substantial holder of the currency. The total would reportedly be enough to pay off a quarter of Bulgaria’s national debt.

The commission sees eliminating such crime as crucial to the regulation of the industry. Four main areas have been targeted of which one is aimed at criminal activity. The others are largely designed to encourage cryptocurrency regulation.

The areas fall mainly into setting clear licensing and registration conditions for products and services, coming up with a regulatory process for outsourcing services, creating innovation hubs and finally dealing with cybersecurity concerns. The FSC ‘Financial Technology Monitoring Strategy in The Non-Banking Financial Sector’ document confirms and summarizes these four main areas of attention in the following statement:

“The challenge for the non-banking financial sector is to balance the benefits of the introduction of cutting-edge technology and preserve financial stability and safety for consumers and investors in the sector.”

Bulgaria has a had a history of banks blacklisting the IBANs of major exchanges such as Coinbase and Kraken. The new moves could at least add some clarification to the space and may go some way to appeasing the banks, perhaps softening their stance on dealing with exchanges, if current AML laws are addressed.

If, as suggested, the giant haul of Bitcoins seized by the authorities was the result of tax fraud, it appears that new cryptocurrency tax legislation would be fairly high on Bulgaria’s regulatory agenda moving forward.

 

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Hearn Satoshi

Japan Establishes New ICO Regulation Guidelines in Government-Backed Report

Japan is making progress towards the full regulation and legalization of ICOs, with a government-backed study from Tama University detailing how to approach the new fundraising technology.

The study from the Centre for Rule-Making Strategies at the university identifies that the ICO market is still well within its infancy, but acknowledges that the fundraising method’s ability to generate investment capital has garnered international attention and could be utilized effectively should the proper legal or regulatory frameworks be in place.

How to regulate an ICO

The research group that conducted the study was comprised of experts and advisors who worked across various industries and specialist fields; they sought to identify potential ICO use cases, and then frame a set of rules around them. The study reads:

“For the permeation and development of ICO, it would be desirable to set rules on “issuance of tokens” and “trading of tokens in the issue market.” As for the purchase and sale of tokens in the trading market, there are certain rules set force in the Payment Services Act. However, there are no laws or regulations stipulating explicit rules for issue markets, which leads to cases of misunderstanding between parties and cases of investors being left without protection.”

The report, which could be a catalyst for future laws surrounding ICOs, has a set of ‘issuance principles’ which are designed to keep ICOs transparent and accountable. One of which is that issuers should “define and disclose” how funds, profits and residual assets are to be distributed amongst investors, shareholders and debt holders.

Furthermore, the study goes into some details on how to track the progress of whitepapers, often the go-to document for any potential ICO investor; investors identify the development of all plans within the whitepaper and are able to view the history of updates and revisions within it.

Progressive visions

Japan has been a notably volatile country in regards to ICO practices and Bitcoin operators; in late 2017, multiple media outlets reported that Japan was readying to ban ICOs entirely.

However, Japanese lawmakers and regulators have proven themselves time and time again to be extremely forward thinking when it comes to the adoption of cryptocurrencies. In 2015, in the wake of the Mt. Gox scandal, Japanese financial regulators began working out how to regulate domestic cryptocurrency exchanges, and in 2017 those visions were realized when Japan approved the registrations of 11 cryptocurrency exchanges, allowing them to operate legally in the country.

Despite Japan’s efforts to create a regulatory framework for exchanges, ICOs are the favored method of fundraising for blockchain startups and this report could finalize the legitimacy of cryptocurrency and all related technologies in the country, providing blockchain startups with the ability to raise funds through the previously controversial method.

Japan is part of the growing global movement to regulate and integrate cryptocurrency into respective societies; South Korea has been at the centre stage for a myriad of controversies and is now, similarly to Japan, making incredibly positive steps toward a secure crypto future that works for the public and the government.

 

The post Japan Establishes New ICO Regulation Guidelines in Government-Backed Report appeared first on BitcoinNews.com.

Bitcoin on the Rise: Bullish Trends and the G20 Influence

It has been a tough month for Bitcoin coming off the winter boom but there have been several standout moments offering respite from bearish trends and contributing to the current uptrend in the Bitcoin markets.

Firstly, Thomas Lee, the head of research at Fundstrat Global Advisors and his team have released an interesting flow chart (below) that describes the phases of the altcoin market cycle.

While it indicates that the majority of the decline is behind us, their graphs don’t quite inspire an immediate sense of confidence with the purgatory phase apparently in effect and it is still relatively hard to tell when things will begin to look definitively bullish again.

The Risk of Stagnation

How deep this current period will be is still unknown, but it could be noted that markets tend to react swiftly, particularly to positive news, progress in innovations and regulations.

The stakes for blockchain technologies and cryptocurrencies are higher than ever; the past couple of years have seen massive progress with efforts to make the industry more consumer-friendly and regulation-compliant. Despite the scandals of scam ICOs and the recent crackdown on cryptocurrency advertising, the blockchain industry is holding on tight and is more active than ever.

The pressure on altcoins to adapt or die is growing and this slump could spark further indecisiveness and cynicism, dampening the progress that new or established blockchain companies have been making over the past year.

These being worst case scenarios, anything at all can happen in this business, so it’s best to keep an open mind, especially as big organizations, governments, industry heads and key figures are all putting the conversation about cryptocurrencies on the table.

A Good Influence

The G20 Summit is considered partly responsible for the upswing Bitcoin has seen over the past couple of days. Mark Carney, governor of the Bank of England, stated in a letter to G20 finances ministers: “The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time.”

He continued: “Crypto-assets raise a host of issues around consumer and investor protection, as well as their use to shield illicit activity and for money laundering and terrorist financing. At the same time, the technologies underlying them have the potential to improve the efficiency and inclusiveness of both the financial system and the economy.”

A Little More Conversation and A Lot More Action

If the brains at Fundstrat are correct, then this low period of inactivity and consolidation could be a sluggish ride and set the evolution of this industry back for some time. This is the chance for the industry to begin shaking hands with the regulators, influencers and institutions that can begin to create a space for the technology in the everyday lives of the world.

Conversations such as this may only boost Bitcoin value for so long, however, and the bear market could still very well be in play. But the critical part to take away from all of this is that more and more powerful influencers are talking about how to make cryptocurrencies work.

Now let’s see some action.

 

 

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