Few technical analysis concepts generate more attention — and more misunderstanding — than the death cross and the golden cross. When Bitcoin’s 50-day moving average crosses below its 200-day moving average, it is called a death cross. When the 50-day crosses above the 200-day, it is called a golden cross. These events are covered breathlessly…
In recent years Crypto Casinos‘ traction has surged to the point of reshaping the gambling environment. These platforms take the most out of the blockchain capabilities and offer safe and fast transactions to create a top-notch gaming experience. The pros Crypto Casinos’ traction: Safety and anonymousness: Privacy is a no-brainer in gambling. Crypto casinos offer…
In his official report to the G20 summit of Finance Ministers and Central Bank Governors, Financial Stability Board (FSB) Chair Mark Carney told regulators that there was no need for global regulation of “crypto-assets.” Carney, who also serves as the Governor of the Bank of England, said that the rapid growth of crypto-assets prompted the…
As blockchain technology becomes increasingly commonplace, lawmakers at the state level are increasingly examining how their governments should regulate distributed ledger and token-based business activity. Two recently proposed state laws — one in California, and the other in Wyoming — would provide much-needed legal clarity and protections for blockchain-based operations in the U.S., perhaps even…
Representatives of the Philippines’ Securities and Exchange Commission confirmed yesterday that the agency was moving swiftly towards the completion of a new regulatory framework for cryptocurrency trading and ICOs. The new rules are expected to finalized later this year, and may well be enacted before the end of 2018. The move comes in response to…
Late last week, the Indian government began sending tax notification documents to tens of thousands of cryptocurrency traders and investors in the country. According to Reuters, these notices follow a recent government survey that found over $3.5 billion in cryptocurrency transactions within the country over the last 17 months. By some estimates, India’s population of…
Global regulatory discussions on bitcoin, cryptocurrencies, and ICOs may begin to take shape as early as April, 2018. On Sunday, France’s Finance Minister Bruno Le Maire told French news channel LCI that he aims to propose a “discussion all together on the question of bitcoin” during the upcoming G20 summit. Given Le Maire’s tone during…
Late last week, Russian Finance Minister Anton Siluanov told reporters that his ministry was drafting plans to regulate both cryptocurrencies and initial coin offerings (ICOs). The move comes as a surprise, as only last year the ministry proposed criminal charges — with a maximum sentence of seven years in jail — for those dealing in…
This week, Quebec’s financial regulatory agency — Autorite des Marches Financiers (AMF) — announced that it would be including an ICO into its experimental “sandbox” program for non-traditional securities and financial instruments. The AMF has approved a proposal from Toronto-based “socially responsible” banking startup Impak Finance, giving official approval to its MPK coin ICO. The…
In a story published today on CoinFinance, an unnamed North Carolina Commission of Banks (NCCOB) spokesperson said that regulators in the state were opting to handle bitcoin-based investments and businesses under existing rules. The NCCOB will treat bitcoin and other cryptocurrencies as “monetary value,” as defined in the N.C. Money Transmitters Act. Under those rules,…