Japanese Government to Significantly Simplify Crypto Taxation

Japanese Government to Significantly Simplify Crypto Taxation
Source: Coinidol.com

Oct 23, 2018 at 11:42 // News A full committee of tax experts in Japan which is responsible for giving advice to the government on taxation issues has called for the loosening of the country’s digital currency tax filing process. The exercise is currently convoluted and a change is needed to improve accuracy and compliance. According to Sankei, a local news outlet, the committee conducted a meeting last week where the suggestion to change the latest crypto tax filing system was debated.    The committee raised a concern that ascertaining crypto gains for taxation matters is an intricate affair and this demotivates some owners of cryptos from declaring their digital currency holdings when filing tax returns.    Taxing Returns    The tax panel revealed that digital currencies in Japan are taxed on both gains made and gains accrued when one…

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Bitcoin Pice Struggles at $6,380, BAT Falls 10% Despite Coinbase Interest

Bitcoin Pice Struggles at $6,380, BAT Falls 10% Despite Coinbase Interest
Source: Dailysatoshi.com

The Bitcoin price has fallen to the $6,300 region after failing to retain momentum in the $6,400 to $6,500 range. The volume of the dominant cryptocurrency has experienced a minor recovery from $3.1 billion to $3.6 billion across major cryptocurrency exchanges. Yet, regardless of the settlement of seven consecutive weekly candles in the low $6,000 The post Bitcoin Pice Struggles at $6,380, BAT Falls 10% Despite Coinbase Interest appeared first on CCN The post Bitcoin Pice Struggles at $6,380, BAT Falls 10% Despite Coinbase Interest appeared first on Your Daily Satoshi.

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Russian Draft Bill Lacks Essence Of Digital Currency Terms After Latest Edits

Russian Draft Bill Lacks Essence Of Digital Currency Terms After Latest Edits
Source: Coinidol.com

Oct 23, 2018 at 11:09 // News Russian deputies have removed the definition of cryptocurrency mining from a draft bill on crypto regulation prior to its next reading in the State Duma, however, the new law won’t resolve tax concerns for miners. Anatoly Aksakov, Chairperson of the Duma Committee on Financial Markets, concisely elaborated the reason behind the deputies’ stance to abrogate a core cryptocurrency term from the bill:  “Earlier we had some thoughts on Bitcoins, on their integration into our economic system. But as we decided we don’t need them, these ambiguous Bitcoins, therefore we don’t need mining as well.”  Legalising Crypto  If the law was to define cryptocurrency mining, it would have to define cryptos, Anatoly told Coinidol. Adding that it would be unwise to put mining in the regulation suggested by the government and emphasized that mining should…

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Range-Bound Bitcoin Looks to Shine Against Altcoins

Range-Bound Bitcoin Looks to Shine Against Altcoins
Source: Coindesk.com

Bitcoin (BTC) is again lacking a clear directional bias, but may soon pick up a strong bid against ethereum and other altcoins, according to intermarket analysis. The leading cryptocurrency is trading in a sideways manner around $6,400 on Coinbase for the eighth day and is struggling to find buyers, despite having charted a bullish inverted hammer last week near the key support of $6,000. While the absence of a positive follow-through to last week’s bullish pattern is a slight cause for concern, it is still too early to adopt a bearish view on the cryptocurrency. This is because prices are holding well above the all-important 21-month exponential moving average (EMA) support of 6,121. Further, BTC is still trapped in a narrow range of $6,360 and $6,480. Hence, the immediate outlook remains neutral. However, BTC could shine against ETH and other…

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More Platforms are implementing Hard Forks to Fight ASICs

Source: Crypto-news.net

The months-long decrease in market values has done little to slow crypto development, and more than ever corporate and enterprise players are controlling Proof-of-Work (PoW) mining. The primary tool of these institutions is application specific integrated circuits (ASICs), the use of which is one of the most contentious issues in the crypto space. Platform teams are, for the most part, opposed to the use of these devices, and have now begun to resort to hard forks to prevent their proliferation. Nevertheless, the ASICs debate is becoming more complex, as teams begin to take unique approaches to halt their use. As we have previously covered, ASICs are powerful, single function chips that enable very efficient mining. They have been used on Bitcoin for several years, which over time has enabled a small number of pools to control most of the network…

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BTC Price Turns Out to Be Less Volatile than Some of Wall Street’s Major Stocks, Says CBOE

BTC Price Turns Out to Be Less Volatile than Some of Wall Street’s Major Stocks, Says CBOE
Source: Coinspeaker.com

Photo: QuoteInspector Since the time when cryptocurrencies became known for a wide audience, the issue of their volatility is one of the most discussable topics related to this class of assets. Even those who are not going to invest into Bitcoin have definitely heard from somebody else that this type of investments is extremely risk due to the unbelievable high volatility of Bitcoin. But is it really true? Cryptocurrency vs. Stocks Despite a widely spread opinion, now the volatility of Bitcoin is lower than this indicator related to some of the biggest and most popular stocks on Wall Street, including the stocks of such tech giants as Amazon, Netflix, and chipmaking firm Nvidia. Such a conclusion can be made on base of the data provided by Cboe Global Markets. According to the experts’ report, the 20-day historical volatility (HV), which is the…

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How Blockchain Apps Are Improving Cryptocurrency Accessbility

How Blockchain Apps Are Improving Cryptocurrency Accessbility
Source: Themerkle.com

For enthusiasts, alternative investments professionals, and cryptographers, cryptocurrency is either the next greatest economic revolution, an incredible store of value in addition to being a cryptographic transaction medium, or the best problem to solve seen in decades. Yet, for the general public, even understanding what Bitcoin is remains hard at best, since the average consumer is simply not technically sophisticated enough to understand, let alone access cryptocurrency. And, even for many established finance professionals (outside of FX trading) the idea of a transactive medium simultaneously acting as a store of value is hard to stomach. Cryptocurrency professionals understand this paradox: while cryptocurrencies like Bitcoin are valuable, their value comes from scarcity since all cryptocurrencies are fixed quantity-wise, which means different forces outside of traditional supply and demand dictate how they are valued. The result is an entire market starting from…

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Ethereum Classic Price Analysis: ETC/USD Area of Interest Holding

Ethereum Classic Price Analysis: ETC/USD Area of Interest Holding
Source: Livebitcoinnews.com

Ethereum Classic previously broke below support around 10.500 but is now pulling back to this area of interest. This lines up with the 50% to 61.8% Fibonacci retracement levels, which might be enough to keep gains in check and allow the drop to resume. The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, the selloff is more likely to resume than to reverse, possibly taking Ethereum Classic to the swing low at 9.059. The 100 SMA also lines up with the 38.2% Fib to add to its strength as a ceiling while the 200 SMA dynamic resistance is in between the higher Fibs. Stochastic is still heading up and has a bit of ground to cover before indicating overbought conditions. This suggests that buyers could…

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HTC Launches Blockchain Smartphone ‘Exodus’ with Flagship Specs

HTC Launches Blockchain Smartphone ‘Exodus’ with Flagship Specs
Source: Dailysatoshi.com

A decade on from the launch of the first ever Android phone, Taiwanese consumer electronics giant HTC has taken the wraps off its blockchain-powered smartphone, dubbed ‘Exodus’. HTC has officially announced the early access release of Exodus 1, the company’s first-ever blockchain phone. Available for preorder on its website, the phone will ship sometime in The post HTC Launches Blockchain Smartphone ‘Exodus’ with Flagship Specs appeared first on CCN The post HTC Launches Blockchain Smartphone ‘Exodus’ with Flagship Specs appeared first on Your Daily Satoshi.

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Caspian ICO Raises $19.5 Million for Institutional Crypto Trading Platform

Caspian ICO Raises $19.5 Million for Institutional Crypto Trading Platform
Source: Dailysatoshi.com

Cayman Island-based fintech startup Caspian has completed an eight-figure ICO ahead of schedule. Founded earlier this year, Caspian ties together the biggest cryptocurrency exchanges in a single user interface. The full-stack crypto asset management platform also offers compliance, algorithms, portfolio management, risk, and reporting. Its co-founders David Wills and Robert Dykes plan to channel 40 percent of the The post Caspian ICO Raises $19.5 Million for Institutional Crypto Trading Platform appeared first on CCN The post Caspian ICO Raises $19.5 Million for Institutional Crypto Trading Platform appeared first on Your Daily Satoshi.

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The Daily: Binance to Expand in Singapore, Uphold Launches Loan Service

The Daily: Binance to Expand in Singapore, Uphold Launches Loan Service
Source: Bitcoin.com

In today’s edition of The Daily, we look at a strategic investment that could help Binance to establish a fiat-to-crypto exchange in Singapore. We also focus on a new service that digital payments platform Uphold is launching to lend funds to its clients, as well as a cryptocurrency-backed prepaid card that’s coming to the U.S. market. Also Read: Report: Cryptocurrency Job Market Continues to Grow Vertex Ventures Invests in Binance Vertex Ventures, the venture capital unit of Singaporean sovereign wealth fund Temasek Holdings, has announced a strategic investment in Binance. As part of the deal, the two sides will jointly set up Binance Singapore to expand into the region. The undisclosed investment will also support the development of a fiat-to-crypto exchange in Singapore, as well as other fiat-to-crypto onramps throughout Southeast Asia. “Vertex has an experienced team of investment experts…

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Wirex Moving Into the US Means They Now Offer More Than Any Other Crypto Card

Wirex Moving Into the US Means They Now Offer More Than Any Other Crypto Card
Source: The-blockchain.com

It is unprecedented for a company to offer its users a multitude of cryptocurrencies on its payment platform, and Wirex announcing its move into the huge, untapped market in the United States is big news. Suddenly, coins which before had little more than speculative value can be used to make payments on a day-to-day basis. […] The post Wirex Moving Into the US Means They Now Offer More Than Any Other Crypto Card appeared first on Blockchain News.

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trade.io Effectively Contains Breach of Cold Storage Wallet and Protects TIO Holders

trade.io Effectively Contains Breach of Cold Storage Wallet and Protects TIO Holders
Source: Livebitcoinnews.com

At 08:40 EST 20 October 2018, the trade.io security team was alerted to a large transaction originating from our wallet holding 50M Trade Tokens (TIO) owned by trade.io reserved for the liquidity pool. Immediately following the alert, our trade monitoring observed abnormal trading of TIO on external exchanges. These exchanges were immediately alerted to disable deposits/withdrawals and trading of TIO, and our security team began its investigation. The responsiveness by the various teams within trade.io prevented the situation from deteriorating and helped quarantine the issue. At no point was the trade.io exchange or liquidity pool accessed or affected, and both remain operational. The breach was limited to one particular hardware wallet that was purchased directly from the manufacturer. Consequently, no customer accounts were directly affected, or customer funds lost. Investigations are ongoing, but have so far concluded that there was…

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‘OMG Hacked!’ Twitter Blocks Elon Musk After Bitcoin Tweet

‘OMG Hacked!’ Twitter Blocks Elon Musk After Bitcoin Tweet
Source: Bitcoinist.com

Elon Musk suffered a temporary ban of his Twitter account after advising people to buy Bitcoin, he revealed October 22. Musk: Twitter ‘Thought I Got Hacked’ In a move which focused attention on the social media platform’s controversial cryptocurrency policy, Twitter cut off access to Musk’s account after he sent a tweet as part of a debate on a separate topic. “Twitter thought I got hacked & locked my account,” he subsequently confirmed. Twitter thought I got hacked & locked my account haha — Elon Musk (@elonmusk) October 23, 2018 Cryptocurrency figures were quick to react, UK-based entrepreneur and investor Alistair Milne suggesting the tweet’s inclusion of the term ‘Bitcoin’ had unfairly led to the block, which would not have happened with posts containing certain other terms. “Tweet about Bitcoin = OMG, hacked, lock his account!!” he summarized. Twitter’s Bitcoin…

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Visa Looking to Launch Blockchain Solution for B2B Cross-Border Payments

Visa Looking to Launch Blockchain Solution for B2B Cross-Border Payments
Source: Btcmanager.com

In a bid to make it easier for financial institutions to send cross-border payments globally, in a fast, secure and cost-efficient way, Visa is joining forces with IBM and Bottomline Technologies to launch its B2B Connect distributed ledger technology (DLT) solution powered by Linux Foundation’s Hyperledger Fabric framework by the first quarter of 2019, reported Finextra on October 22, 2018….Read More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Factories to Undergo Transformation with Innovative IIoT Systems and Tools

Factories to Undergo Transformation with Innovative IIoT Systems and Tools
Source: Bit-media.org

  Industrial Internet of Things (IIoT) has brought a significant transformation across the world with manufacturing factories gearing up with new systems and tools. Achieving efficiency and preventing disasters have been possible with the help of automation. Market players have launched new products and systems to help manufacturers improve the process and ensure the safety of their assets and workforce by determining accidents beforehand.   A smart research tool has been offered by the Industrial Internet Consortium (IIC) to enable market players have an access of resources that would be used in development of IIoT systems for their plants. In addition, the real-time monitoring and maintenance offered by IIoT systems have enabled plant owners to respond rapidly during emergency situations. Schneider Electric has deployed a system to improve efficiency and take immediate actions if an emergency situation arises. According to…

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Mars Finance Releases Its Latest Development Strategy with Eight Core Business Layouts

Mars Finance Releases Its Latest Development Strategy with Eight Core Business Layouts
Source: Coinidol.com

Oct 23, 2018 at 09:47 // PR Mars Blockchain Summit NYC 2018 was successfully held in New York on October 18, est. The event is hosted by Mars Finance and Consensus Lab, co-hosted by Crypto Capital, Liaoyuan, Sharp Eye Capital, DFG, Redbank Capital,  co-organized by Gowithmi, CoinBank, Uselink and strategic partnered with Mars Training Camp, BZLM, Viking Capital, Bixin Capital, Grand Shores and WanLabs. Joint by well-known financial institutions and industry leaders from both China and Wall Street, guests engaged in in-depth discussions on the “Next Step” of blockchain industry. During the closed-door Mars Finance Strategy Session, Fred Wang, the founder of Mars Finance along with the management team released the latest development strategy of Mars Finance.      According to Wang, Mars Finance Group is dedicated to focus on the blockchain industry, and to keep pace with the forefront…

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XRP Price Will Eventually Benefit From Ongoing Developments Behind the Scenes

XRP Price Will Eventually Benefit From Ongoing Developments Behind the Scenes
Source: Themerkle.com

Last week has been pretty interesting for Ripple and its native XRP asset. At this time, it seems the price is still struggling to retake $0.5, although some new interesting developments may help move things along in the near future. There is still plenty of momentum associated with XRP these days, albeit it remains to be seen what the near future will hold. XRP Price Momentum isn’t Over Although reaching $0.5 has proven impossible for XRP at this time, it is evident there is still plenty of reason to be excited about what the future may hold moving forward. Some new developments have come to the forefront over the weekend which should effectively have an interesting impact on the XRP price moving forward. Over the past 24 hours, the XRP price has suffered from a small setback across both the…

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