Russian State Duma Defers Consideration of Bill On Digital Financial Assets

[ad_1] The State Duma of the Russian Federation has deferred consideration of the bill “On Digital Financial Assets” to April 2019,  local media outlet TASS reported on March 20.The second reading of the draft federal law “On Digital Financial Assets” has reportedly been rescheduled for April, following a decision made at the morning voting on the agenda of the plenary session. The initiative was taken by the Chairman of the

Major Latin American E-Commerce Company Bans Cryptocurrency-Related Ads

[ad_1] The largest e-commerce company in Latin America, Mercado Livre, has banned cryptocurrency advertising on their website, Cointelegraph em Português reported on March 18.The development was revealed in an exclusive interview with Cointelegraph em Português after the company’s users reported receiving of emails informing them about the change in Mercado Livre’s policy.The new policy requires all users to remove their listings pertaining to digital currency, otherwise all listings will automatically

Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply

[ad_1] A slow, grinding upward drift has been the name of the game for bitcoin’s market over the last few weeks. The upward drift is bringing us slowly to a level that was previously rejected violently: Figure 1: BTC-USD, Daily Candles, Upward Drift Our third rejection of the red resistance level shown above brought the market into a test of macro support in the mid-$3,000s. After several tests of the

BitMEX CEO Arthur Hayes Says Bitcoin Will Test $10,000 in 2019

[ad_1] Arthur Hayes, co-founder and CEO of cryptocurrency trading platform BitMEX, has predicted that Bitcoin (BTC) will get back to the $10,000 price point this year. Hayes shared his predictions in a newsletter published on March 22.According to Hayes, the market recovery will begin in early fourth quarter of 2019. Hayes said:“The 2019 chop will be intense, but the markets will claw back to $10,000. That is a very significant

Central Banks Should Leave Crypto to Facebook and JPMorgan: PwC Partner

[ad_1] Central banks should leave issuance of digital currencies to corporations such as Facebook and JPMorgan, according to a blockchain and financial partner at PwC France, Forbes reports March 22.According to PwC France’s Pauline Adam Kalfon, central banks should stay away from the issuance of central bank digital currencies (CBDCs) until large corporations test out the tokenization of fiat currencies themselves.Only when cryptocurrencies are "battle-tested by corporations,” should central banks

BlockFi Lowers Interest Rates for Top Tier Crypto Deposit Accounts

[ad_1] Crypto wealth management and lending company BlockFi has lowered the interest rates for their biggest cryptocurrency deposit accounts, according to an official blog post on March 22.BlockFi launched the BlockFi Interest Accounts (BIA), cryptocurrency accounts supporting Ethereum (ETH) and Bitcoin (BTC), earlier in March. The accounts initially offered a 6.2 percent annual interest paid monthly in crypto. The company’s further analysis showed that almost 75 percent of the clients

China’s Orwellian Cashless Payments Show Why Bitcoin Is Freedom

[ad_1] Like a scene from an Orwellian nightmare, authorities in Shenzhen China show where the future of centralized cashless payments is headed. And it isn’t pretty. Centralized Cashless Payments in China China is known for its high rate of technology adoption. Of the 2 billion or so smartphones around the world, two-thirds of them are in China. Unlike most users in the West, Chinese smartphones are particularly popular for making

U.K. Brexit Deal Beamed Into Space Through Blockstream’s Satellite Messaging App

[ad_1] Earlier this month, blockchain startup Blockstream announced that its satellite messaging application programming interface (API) was launching on Bitcoin’s mainnet. Now, one enterprising bitcoiner has used this platform to beam the U.K.’s proposed Brexit deal into space. The application allows users to beam data into space, which can be downloaded by anyone with the appropriate receiver. Users can pay for the service using the Lightning Network. In a post

This Week in Cryptocurrency: March 22, 2019

[ad_1] Keep On Headin’ Up The steady positive momentum continues this week as the market breaks above $140B. The market cap reached $142B before suddenly dropping on Thursday. But, we still saw two and a half percent growth over the week. The majority of altcoins stayed in the single-digits while Ontology (31.58%), Tezos (71.61%), and Ravencoin (61.87%) led the pack. Cryptocurrency Market Stats (3/22/19) Our top three: Bitcoin won the week, growing

We’re ‘Diligently’ Working on All Crypto-Related Applications, Including Bakkt’s

[ad_1] United States regulator the Commodity Futures Trading Commission (CFTC) is actively working to approve multiple crypto-related applications, including for Bitcoin (BTC) futures from institutional trading platform Bakkt. A CFTC commissioner revealed the news in remarks to cryptocurrency news network Blocktv in an interview on March 19.Answering a question about the status of Bakkt’s application, which has seen multiple delays, commissioner Dan Berkovitz avoided a direct update on the project,