Business

Grant Thornton Moves Intercompany Transactions to EOSIO

[ad_1] Major U.S. accounting firm Grant Thornton is moving all of its clients’ intercompany transactions to the EOSIO network.Grant Thornton’s new inter.x platform uses blockchain technologies to provide transparency for intercompany transactions, including real-time data-analytics monitoring transfer-pricing compliance and treasury management.A company representative told Cointelegraph that Grant Thornton had chosen EOSIO for "its speed, user experience and scalability.”While a spokesperson said it was difficult to put a dollar value on
BLOCKCHAIN

Ripple’s XRP Sales Fall to $1.75M as ODL Network Volume Triples

[ad_1] Ripple’s On-Demand Liquidity (ODL) payments network tripled in transaction volume over the last quarter according to the just released Q1 2020 XRP Markets Report.The dollar value transacted using ODL increased by more than 294%, which is good news for token holders with the report describing XRP liquidity as the “lifeblood of Ripple’s [ODL] for cross-border payments.”In further good news, Ripple has again reduced its total XRP sales from $13.08
EXCHANGES

Japan Implements Significant Changes to Cryptocurrency Regulation Today

[ad_1] Major changes are happening in the cryptocurrency space in Japan as new cryptocurrency regulation enters into force today. Among notable changes are the regulation of crypto custody service providers and crypto derivatives businesses. Japan has 23 regulated crypto exchanges; unregulated platforms have modified their terms of service affecting Japanese residents. Japan Adopts New Way to Regulate Crypto Industry The amendments to the Payment Services Act (PSA) and the Financial
Business

Charlie Shrem Says QE, Halving Will Spark Bull Run … in 2021

[ad_1] At Virtual Blockchain Week, crypto pioneer Charlie Shrem made a strong bull-case for Bitcoin, saying the combination of diminishing supply due to the halving, and wholesale quantitative easing, will drive prices higher over the next one to two years.Bitcoin halving and QEDuring a fireside chat with the VBW hosts on April 30, Shrem stated that, “It's kind of crazy that we have a halving during coronavirus because it was
EXCHANGES

These 2 Factors Show Bitcoin Will Shake Off Chilling “Perfect Reversal” Signal

[ad_1] Bitcoin has been on a tear over the past two days. After breaking past $7,800 on Tuesday evening, the cryptocurrency entered a steep uptrend that saw no serious pullbacks until 36 hours later when BTC hit $9,500. This marked a 20% rally from the lows. This move largely caught traders off guard, with crypto derivatives data site Skew.com reporting that over $100 million worth of BitMEX short positions were
EXCHANGES

Justin Amash Reveals Third-Party Presidential Bid: Pro-Bitcoin Libertarian Candidate Targets Trump’s Seat

[ad_1] U.S. President Donald Trump now has an unexpected challenger as the independent congressman from Michigan, Justin Amash, says he plans to run as a Libertarian candidate in the 2020 election. Besides John McAfee and Adam Kokesh, Amash is also a pro-crypto candidate, a believer in free markets, and has spoken positively about bitcoin seven years ago. Is Trump’s Future Threatened by a Libertarian Candidate? Justin Amash is pushing toward
EXCHANGES

These Simple Factors Show Why Bitcoin’s Recent Rally was So Important

[ad_1] Bitcoin’s rally yesterday allowed it to erase virtually all of the losses that resulted from its mid-March meltdown This movement did more than just boost its technical outlook, as it has also bolstered BTC on multiple other fronts One analyst is also noting that this was a “spot dominated” movement, meaning that it may actually prove to be highly sustainable Bitcoin saw a massive rally yesterday that allowed it
Business

Data Shows $1,000 Bitcoin Price Gains Are Followed by 38% Drawdown

[ad_1] This week Bitcoin price pulled off an incredible rally that appears to have exceeded the expectations of many investors. Data from Cointelegraph Markets and CoinMarketCap shows record trading volume across multiple crypto exchanges occurred as Bitcoin rallied to $9,400 but this doesn’t mean that the long awaited bull market has started. Crypto market daily price chart. Source: Coin360History shows that whenever the Bitcoin (BTC) price increased by more than $1,000
Business

Noted Tax Haven Cayman Islands Sees New Bills to Bring Local Crypto to FATF’s Heel

[ad_1] On April 28, the legislative assembly of the Cayman Islands gazetted five new pieces of legislation governing crypto businesses — especially exchanges. How the new legislation would change the Cayman Islands’ crypto industryThe Virtual Asset Service Provider Bill would establish definitions and registration requirements for companies providing crypto services including exchanges, custodians and decentralized financial operators. Accompanying this bill are amendments to other reigning pieces of finance legislation for securities
Business

Famous Venezuelan Entertainer Quits Acting to Lead Controversial Crypto Startup

[ad_1] Long-time Venezuelan actor and singer, Fernando Carrillo, has announced his retirement from acting. He has decided instead to venture into the crypto business. Starting May 1, Carrillo will become the CEO of Fight to Fame, though his role only extends to Mexico and the Latin American region.According to an article published on April 29 by the Mexican newspaper, El Universal, Carrillo will lead the Singapore-based crypto firm founded by