Bitcoin

Analyst: Recent Bitcoin Price Action May Confirm BTC is Nearing a Long-Term Bottom

Bitcoin (BTC) and the general cryptocurrency markets have stabilized following the recent bout of volatility they experienced this past weekend. Yesterday, however, Bitcoin’s price quickly dropped to lows of $ 3,550 on the aggregated markets before sharply surging back towards its current levels. One analyst believes that this drop and surge, albeit relatively small, is […]

Bitcoin

UK’s Financial Watchdog May Soon Ban Sale of Crypto Derivatives

UK’s Financial Conduct Authority (FCA) is consulting today on a cryptoassets guidance. The financial watchdog will decide later this year whether to outlaw certain cryptocurrency derivatives. The Matter of Cryptocurrency Derivatives According to an official press release, the FCA is consulting on a cryptoasset guidance today. The framework, once finished, will define the activities which […]

Bitcoin

Bitcoin Exchanges Don’t Need Money Transmitter Licenses in Pennsylvania

The Pennsylvania Department of Banking and Securities (DoBS) says cryptocurrency exchanges in the state do not require Money Transmission Business Licenses. MTA Not Applicable to Bitcoin in Pennsylvania In a memo titled “Money Transmitter Act Guidance for Virtual Currency Businesses,” the Pennsylvania DoBS clarified that the Money Transmitter Act (MTA) did not apply to cryptocurrency exchanges. […]

Bitcoin

Bitfury Releases Merchant, Developer Tools for Bitcoin’s Lighting Network

Blockchain technology firm Bitfury has released a suite tools aimed to drive adoption of bitcoin’s lightning network. Although the network is still under development, Bitfury announced a comprehensive product list to support the tech on Wednesday, including an open-source lightning wallet and hardware and software tools for merchants and payment processors to accept payments. It […]

Bitcoin

BOE Advisor: Crypto Fails Fundamental Tests, But Banks Face Growing Competition from FinTech Companies

It’s no secret that those who are heavily involved in the world’s traditional banking systems have a disdain for crypto, likely because of the many ways the relatively young technology challenges the traditional notions of banking. While offering a somewhat cliché opinion about the cryptocurrency markets, Huw van Steenis, the senior advisor to the Bank […]

Bitcoin

Bitcoin’s Liquid Sidechain Welcomes Japanese Yen Stablecoin

Blockstream has announced Crypto Garage, a joint venture with Digital Garage and Tokyo Tanshi, to serve the Japanese Bitcoin market. The partnership will soon launch the Liquid sidechain based SETTLENET suite, the first application of which will be a yen-pegged stablecoin. SETTLENET on Bitcoin’s Liquid Sidechain The SETTLENET suite aims to provide Japanese exchanges and OTC trading desks with enhanced liquidity, speed […]