Cryptolob

Crypto Exchange CEO Runs For Mayor Of Taipei To Make It Asia’s ‘Pioneer Blockchain City’

CEO of major over-the-counter (OTC) crypto exchange OTCBTC and Facebook hackathon winner Yi-Ting Cheng (better known as xdite) has announced that she is running for mayor of the Taiwanese capital city Taipei this year, according to Cheng’s Facebook post on April 14.

Cheng is known as a world class developer and hacker, having won the Global Grand Prize at Facebook’s 2012 Hackathon, served as…

Saxo Bank Outlook: Crypto Bull Market Could Return in Q2 2018

Wilma Woo · April 19, 2018 · 6:30 pm <!-- Excerpt

Saxo Bank analysts have called the beginning of a new period of growth for cryptocurrency prices, eyeing Q2 2018 as a “springboard” for fresh upside. ‘Self-Fulfilling Prophecy’ In its Quarterly Outlook this week, the famously pro-Bitcoin institution said a mixture of global political uncertainty, tightening of credit access and commodities…

Bitcoin is Not A Tool For Illegitimate Transactions, Says Quebec Chief Scientist

The Chief Scientist of Quebec Rémi Quirion says public concern that Bitcoin is being used for illicit activities like tax evasion and money laundering is largely overblown, Forbes reports April 18.

The statement prepared by the l’Agence Science-Presse, which is a partner of Fonds de Recherche du Québec, said, “Bitcoin is not above the law, nor is it a magnet for illicit transactions: it forms…

Will Citizens Have Access to Technology?

Earlier this week, a group of cryptocurrency exchanges in Chile applied to the courts to fight the decision of banks to shut down their bank accounts. The exchanges, including Buda, Orionx, and CryptoMarket (CryptoMKT), state that the banking system in Chile is taking matters into their own hands and that they are “killing the entire industry.”

Banks Itau Corpbanca and Scotiabank announcedthe…

Thai SEC Tech Consultant ‘Hopes’ Authorities Will Reconsider Digital Asset Tax For ICOs

Thailand’s Securities and Exchange Commission (Thai SEC) and Thai Fintech Association

technology consultant Bhume Bhumiratana, along with members of the local crypto community, have urged financial authorities to reconsider the country’s cryptocurrency tax framework, local news outlet Bangkok Post reported Tuesday, April 17.

According to Thailand’s proposed crypto tax framework released in late…

Technical Analysis April 20, 2018

We need to see some fundamentals to jolt altcoin price action today. Should there be further gains say in Bitcoin and EOS, they are lagging behind, prices could explode. As statistics shows, Stellar Lumens is spearheading this week’s gain with an impressive 66 percent gain while IOTA is following closely at 43 percent. Even though I still maintain my bullish skew, buying Litecoin, EOS and NEO…

The Open Network And Russia’s Ban

Telegram has been called the “cryptocurrency world’s preferred messaging app” by many media outlets including Forbes, and more than 84 percent of Blockchain-based projects have an active Telegram community.

For over 48 hours now, Telegram has been under a ban by internet service providers in Russia. This was triggered by Telegram’s refusal to give encryption keys to Russian security agencies.

T…

Asian Altcoin Trading Roundup: Top Cryptocurrency is Stellar Lumens

The momentum has returned and crypto markets are performing well this morning in Asia. After a couple of days of sideways trading things are starting to move upwards once again and total market capitalization is moving towards the key $350 billion level which represents the high of the last rally. Bitcoin is up 3% on the day and is currently trading at just under $8,200. Altcoins are also…

IBM and Bank of Montreal (BMO)

This morning via a press release, IBM announced that Batavia passed its first live pilot transactions. Batavia is a blockchain-based trade finance platform that was developed by a group of banks around the world and IBM. These banks include Bank of Montreal (BMO), United Bank of Switzerland (UBS), CaixaBank, Erste Group, and Commerzbank.

Batavia incorporates the closing of the trade and the…

Are Bitcoin, Ethereum, and Cardano ‘Leaving the Station?’

Adam James · April 19, 2018 · 2:30 pm <!-- Excerpt

The bulls are back in town as a sea of green engulfs cryptocurrency portfolios everywhere — but is it too late to catch the wave of Bitcoin, Ethereum, and Cardano? All Aboard! Bitcoin is currently trading at $8,234.14, up 14.63 percent over the last week. As is generally the case, the rest of the cryptocurrency market has followed Bitcoin’s…

Amazon Patent Will Real-Time Track Bitcoin And Other Cryptos

A subsidiary of Amazon.com, Amazon Technologies Inc. has received patent approval on a streaming data marketplace that would allow identification and real-time monitoring of cryptocurrency transactions. The information was released April 17.

Developers in law enforcement and other areas could potentially “build real-time dashboards, capture exceptions and generate alerts, drive recommendations,…

‘It’s a Very Good Time to Buy’ Bitcoin, Says Pantera Capital CEO

Adam James · April 19, 2018 · 12:30 pm <!-- Excerpt

Feeling bullish over the latest Bitcoin price action? According to one cryptocurrency hedge fund manager, you should be. ‘It’s a Very Good Time to Buy’ Dan Morehead, CEO of San Francisco-based blockchain investment firm Pantera Capital, says the bottom is in for Bitcoin and the dark days of the bear market are likely in our rearview…

Ethereum Classic Price Technical Analysis – ETC/USD Targets $20

Key Highlights

Ethereum classic price is surging higher and is currently placed nicely above $17.00 against the US dollar.

There was a break above a major connecting resistance trend line at $17.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken).

The pair is in a solid uptrend and it could continue to move higher towards $20.

Ethereum classic price is poised to extend gains…