I think that's fake news. Bitcoin and cryptos usage in China was never banned, what China banned are ICOs and shutting down of all exchanges. Cryptocurrency mining is still ongoing in China, and they're the number one seller of ASIC hardware worldwide. |
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I don't think so. Crypto taxation in those 5 countries has been taking place for some time now, and there have been no reports whatsoever that are related to the pump and dump in the price of crypto since then. For tax purposes, cryptos have not treated by those countries as currency like the US dollar, instead, they're treated as property like real estate or gold, or a capital asset like stocks, bonds, and other investment properties, and thus it is subject to tax. |
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When the rate of the oldest cryptocurrency reaches $6,000, the market will be awash with sales in the opinion of analyst Jani Ziedins. When analyzing the market of cryptocurrencies, some try to indicate the coveted lower level of the price of Bitcoin, after which the "snowball" effect may be triggered, and the market decline will no longer be controllable. Ziedins suggested that the cryptocurrency market should be ready for a new fall by saying "Bitcoin had a terrible time in May, and it looks like things will get worse." And he was partly right, as judging by the results of June, it is clear that last month was no better for Bitcoin than May. Ziedins said that "we are in a situation of a long-term downtrend, and lower levels still lie ahead. Overcoming the resistance level of $7,000 will already cause a wave of sales." As early as June 10, Bitcoin cost $6,800, just edging to the declared terminal level of $6,000. Market capitalization was then balancing at around $300 billion. In mid-June, it seemed that the decline below the low of the year at $5,947, which was observed on February 9, would be a big shock for the market. On June 22, however, Bitcoin found a new price bottom of the year at the level of $5,935. The last time such a value of the cryptocurrency was observed was in November of last year. And on June 24, Bitcoin even punched through that bottom, reaching around $5,890. After this and until the middle of this week, the No. 1 cryptocurrency showed growth, growing more expensive in the last seven days by $700. There was no panic, so Ziedins was mistaken in this regard. The instruments of technical analysis that came from the classical securities and forex markets in the form of the alignment of resistance lines that control bears, as well as the support lines that are maintained by the bulls, are actively used in forecasting the behavior of the prices of cryptocurrencies. Here is what happens: with the same picture of the past that analysts have, they are building lines that do not coincide. This again indicates the subjectivity of the approach of this method of forecasting. More here, https://decenter.org/coins/633-panic-about-bitcoin-en |
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I don't see any problem revealing our identity in the local exchange. I think they're requiring this as another form of security for your account. Facebook also requires to reveal all your information and you get nothing from them, so why not do the same when local exchange ask for it? Time will come you will not be able to use the majority of modern applications simply by downloading them, as after installing them, you will be asked to confirm your identity in one way or another. This can be seen as a standard registration procedure asking you to enter your phone number and email, as well as authentication using your Facebook or Gmail account.
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This is a super excellent and a very interesting project and has a lot of potentials to succeed in the crypto world. I will support this project up to the finish line. Good luck, guys.
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I have an impression this news report is some sort of negative news. Or, maybe, a paid news, and there were people behind it purposely designed to create FUD among traders and investors, that's what I guess.
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Any idea how many Bitcoin ATM are there worldwide? The statistic depicts the number of Bitcoin ATMs worldwide from January 2016 to April 2018, were 2,662 Bitcoin ATMs as of April 2018 globally. United States (2131 locations) Canada (593 locations) Austria (202 locations) United Kingdom (162 locations) Russian Federation (62 locations) Spain (58 locations) Czech Republic (54 locations) Australia (49 locations) Italy (31 locations) Switzerland (28 locations) Slovakia (27 locations) Netherlands (22 locations) Poland (20 locations) Finland (19 locations) Hong Kong (17 locations) Panama (13 locations) Mexico (11 locations) Slovenia (11 locations) Japan (11 locations) Colombia (11 locations) Singapore (10 locations) Philippines (9 locations) Hungary (9 locations) Romania (8 locations) Belgium (8 locations) Taiwan (7 locations) Israel (7 locations) Greece (7 locations) Dominican Republic (7 locations) Serbia (5 locations) Croatia (5 locations) Ukraine (5 locations) Kosovo (4 locations) South Africa (4 locations) VietNam (4 locations) Georgia (3 locations) Malta (3 locations) Kazakhstan (3 locations) Guam (2 locations) Chile (2 locations) Norway (2 locations) Portugal (2 locations) Ecuador (2 locations) France (2 locations) New Zealand (2 locations) Costa Rica (2 locations) Estonia (2 locations) Liechtenstein (2 locations) Denmark (2 locations) Malaysia (2 locations) Aruba (1 location) Barbados (1 location) Brazil (1 location) Zimbabwe (1 location) Bulgaria (1 location) Thailand (1 location) Mongolia (1 location) Ireland (1 location) Djibouti (1 location) Indonesia (1 location) India (1 location) Guatemala (1 location) Iceland (1 location) Jamaica (1 location) Anguilla (1 location) Cyprus (1 location) Peru (1 location) Lithuania (1 location) South Korea (1 location) Kenya (1 location) San Marino (1 location)   |
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Yes, it is possible and I think it's earlier than 10 years. We know that Bitcoin has the potential to be a payment method as there were lots of ATMs installed worldwide. So, given the speed of adoption, I won't be surprised to see Bitcoin and other cryptocurrencies as well, that is widely used for the coming decades, or maybe less than 10 years. |
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Huobi offers cryptocurrency trading for US residents, but the market fails to react Most major coins are sliding amid bearish sentiments. Bitcoin, the digital coin No.1 has lost over 5% since this time yesterday, while Ethereum, the second largest coin by market capitalization, is down 6.7% with the market cap $43.5B against $47.8 on Tuesday. ETH/USD is changing hands at $428 and moving quickly to critical $400. Ripple, the third largest coin with the market cap of $17.4B, is trading at $0.4420, down 4% on daily a basis. Chinese-based cryptocurrency exchange and blockchain asset solutions provider Huobi has entered the US market via its strategic partner HBUS. US residents have access to its virtual currency trading platform starting from July 10th at 10:00 AM (PT). They have access to 22 different virtual currencies and the full scope of the platform's functionality. However, HBUS does not currently serve residents in Alabama, Connecticut, Georgia, Louisiana, New York, North Carolina, Hawaii, Vermont, and Washington, according to the press release. The virtual currency trading platform operates online under FinCEN license as a money services business and represents a separate legal entity from Huobi Group, with its own ownership and leadership. Source: https://www.fxstreet.com/cryptocurrencies/news/huobi-offers-cryptocurrency-trading-for-us-residents-but-the-market-fails-to-react-201807110634 |
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Unfortunately for traders, the crypto market has just had its worst 24 hours of trade this month and heavy declines are being seen across the board. In fact, only two coins inside the top 100 have managed to post gains during the period, leading to the entire value of the market dropping significantly. At the time of writing the entire market is worth US$254.5 billion according to Coin Market Cap, down almost 6.5% since this time yesterday. There doesn’t appear to be a catalyst for the decline, which could mean that traders are taking profit after a solid run over… More here, https://www.fool.com.au/2018/07/11/crypto-meltdown-bitcoin-ethereum-ripple-bitcoin-cash-eos-litecoin-and-stellar-crash-lower/ |
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A Los Angeles bitcoin trader was sentenced Monday to one year in federal prison after she admitted to operating an unlawful money transmission business. Theresa Tetley, a former stockbroker and real estate investor based in California, was also fined $20,000 and will give up 40 bitcoins (an amount worth roughly $254,000), nearly $300,000 in cash and 25 assorted gold bars, according to a notice from the U.S. Department of Justice. More here, https://www.coindesk.com/localbitcoins-trader-bitcoin-maven-sentenced-to-year-in-prison/ |
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Yes it is true that crypto is illegal in Indi
Could you please cite your reference? The usage of Bitcoin and cryptocurrency in India is Legal, although India does not recognize them as legal tender and they can be used in payment systems. What is illegal in India is banned in India is the sale or purchase of cryptocurrency. http://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country |
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Hello folk, I am a bit confused if cryptos are legal or illegal in India. As bank has stopped providing services to crypto-exchanges. Is it illegal to hold bitcoin in India?  Sorry, the link you provided is not working in my end, but according to this source, the status of Bitcoin in India is Legal, however, the sale or purchase of cryptocurrency is banned as announced by the Reserve Bank of India. Indias Finance minister Arun Jaitley, in his budget speech on 1 February 2018, stated that the government will do everything to discontinue the use of bitcoin and other virtual currencies in India for criminal uses. He reiterated that India does not recognise them as legal tender and will instead encourage blockchain technology in payment systems.
"The government does not recognize cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system," Jaitley said. |
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Not exactly I think. Yes, maybe because Switzerland is a neutral nation in any global affairs. But in Europe, I think it's Russia, while in Asia it would Japan, Hongkong and/or Singapore where usage of Bitcoin and other currencies is legal and tax-free.
LOL. Why do you think that Russia will be a good place to launch ICO? Again, their contradictory statements really shows that they appreciate crypto as everything thinks. I would agree that Switzerland would be once of the best country right now, together with Malta and even Singapore. I see some ICO that I'm looking at in the past couple of days has a HQ in Singapore and others in Switzerland while Malta is very friendly as evident of Binance and OKex moving there. They even passed 3 blockchain law recently which proves that they will be one of the hottest crypto hubs in the next couple of years. I don't know why you're LOL. Why Russia? Well, I did my research, you should do yours too! Russia is one of the 10 countries have the most vibrant crypto & blockchain scene and the most successful ICOs. You may want to read also the following... Which Country is Best for an ICO Launch in 2018? https://applicature.com/blog/ico-friendly-countries-2018THE BEST COUNTRIES FOR AN ICO LAUNCH, https://www.linkedin.com/pulse/best-countries-ico-launch-mykyta-safronenkoRussia: World’s First Country to Launch a Guarantee System for ICO Investments, https://coindoo.com/russia-worlds-first-country-launch-guarantee-system-ico-investments/Russia’s Largest Bank to Pilot First Official ICO, https://cointelegraph.com/news/russian-central-bank-to-pilot-first-official-icoRussia's Newly Drafted Cryptocurrency Bill: 'Crypto Not Cash', https://www.forbes.com/sites/kenrapoza/2018/01/29/russias-newly-drafted-cryptocurrency-bill-crypto-not-cash/#199fda33646eHow to launch a successful ICO in Russia, presentation from Artem Koltsov, one of top 20 entrepreneurs in Saint Petersburg, https://spb.bc.events/en |
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1) Are you used Bitcoin to buy illegal staff  2) which better to buy legal things Bitcoin or Normal Bank system (PP,payeer,cash ,.............) No, I don't and will never do that as it's against the law. Well, I do not know if your motives for asking these questions is to gather pieces of information or fresh ideas on trading and/or using Bitcoin in buying illegal staff. You better watch out, if you were not caught for the first time or second time with your trade, on the third you'll be caught and you'll spend the rest of your life behind bars, so you better think of it. |
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Which African countries allow Bitcoin transactions? Is Bitcoin currently used to purchase items in any African country?
Currently, there five African countries that allow transactions on Bitcoin and other cryptocurrencies, they are South Africa, Namibia, Zimbabwe, Nigeria, and Morocco. South Africa. In December 2014 the Reserve Bank of South Africa issued a position paper on virtual currencies whereby it declared that virtual currency had ‘no legal status or regulatory framework’. The South African Revenue Service classified bitcoin as an intangible asset. Namibia. In September 2017 the Bank of Namibia issued a position paper on virtual currencies entitled wherein it declared cryptocurrency exchanges are not allowed and cryptocurrency cannot be accepted as payment for goods and services. Zimbabwe. The Reserve Bank Of Zimbabwe is sceptical about bitcoin and has not officially permitted its use. On 5 April 2017 however, BitMari, a Pan-African Blockchain platform got licensed, through its banking partner, AgriBank, to operate in the country. Nigeria. As of 17 January 2017, The Central Bank of Nigeria (CBN) has passed a circular to inform all Nigerian banks that bank transactions in bitcoin and other virtual currencies have been banned in Nigeria. However, during the year, the CBN (through its Deputy Director on Banking and Payments System, Musa Itopa-Jimoh) clarified the circular and its stance on bitcoin, citing that a lot of people misinterpret the central bank’s recent warning. It noted that "Central bank cannot control or regulate bitcoin. Central bank cannot control or regulate blockchain. Just the same way no one is going to control or regulate the Internet. We don’t own it". https://news.bitcoin.com/central-bank-of-nigeria-says-we-cant-stop-bitcoin/Later on, a committee was set up by the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) to look into the possibility of the country adopting the technology driving bitcoin and other digital currencies – blockchain. The committee has submitted its report but "several sub-committees are still working on the issue" according to the Director, Banking & Payments System Department at CBN, Mr. ‘Dipo Fatokun. https://www.today.ng/technology/internet/2575/nigeria-adopted-bitcoin-technology-cbnMorocco. On 19 December 2017, Abdellatif Jouahri, governor of Bank Al-Maghrib, said at a press conference held in Rabat during the last quarterly meeting of the Bank Al-Maghrib's Board of 2017 that bitcoin is not a currency but a "financial asset", He also warned of its dangers and called for a framework to be put in place for consumer protection. http://www.menara.ma/fr/actualit%C3%A9s/economie/2017/12/20/2333841-le-digital-champ-de-bataille-de-bank-al-maghrib-en-2018.html |
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Hi i am seeing in alt coin section there will be stakes distributed and it is asking for Ethereum address which accepts ERC20 Token . I do understand ERC20 tokens are digital assets . How i can sell these tokens and get ether or other coins ?? Please help
if you want to sell the token erc20 you have, you can sell it on exchange, because the token is using ethereum network, then its delivery via wallet erc20 Yes, you're right! ERC20 tokens only work in the Ethereum network, but it's not so easy selling it in exchanges. Firstly, you need to find an exchange which supports that particular token, then once it is there, you create a wallet on the exchange and make a transaction there. If the token is not yet listed on any exchange, then your option is to try Etherdelta.com. https://onlineearnershub.wordpress.com/2017/11/08/how-to-add-tokens-or-trade-on-etherdelta-com/ |
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