Bitcoin Cash Price Posts Strong Return as Market Trades Sideways

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The cryptocurrency markets were mixed on Thursday, with the index more or less trading sideways after recovering from an early morning dip. Against this backdrop, though, the Bitcoin Cash price achieved a strong return, enabling it to lead the large-cap index by a comfortable margin. Source: CoinMarketCap The cryptocurrency market cap had entered the day at $449.6 billion — the product of yet another midweek slump — and declined further heading into Wednesday evening. After bottoming out…

Singapore Weighs Need for New Rules to Protect Crypto Investors

The Monetary Authority of Singapore (MAS), the city-state’s de facto central bank, is reportedly looking at whether new rules are needed to protect cryptocurrency investors. According to a Reuters report, Ong Chong Tee, deputy managing director of MAS, said during a speech Thursday that his agency is currently “assessing if additional regulations are required in the area of investor protection,” though he didn’t elaborate on the details. The comment signals that a new regulatory framework may be imposed on cryptocurrency exchanges in Singapore, and comes as the monetary authority is already…

Chinese Universities Are Pursuing Blockchain Patents

Several top-tier public universities in China are stepping up efforts to patent blockchain applications developed on campus. New data published on Feb. 16 and Feb. 23 by China State Intellectual Property Office (SIPO) highlights the efforts by institutions such as Zhejiang University, Shenzhen University and Chinese Academy of Sciences to obtain patents related to the tech. The efforts are a tangible sign of the growing interest – and investment of resources – from China’s government-funded academic institutions in the area of blockchain research and development. The moves also come at a time when an…

Ethereum Price Technical Analysis – ETH/USD to Retest $800?

Key Highlights ETH price is slowly moving higher and is currently above the $720 level against the US Dollar. There is a major bullish trend line forming with support at $710 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is now above the 100 hourly simple moving average and is moving towards $800. Ethereum price is back in the bullish zone against the US Dollar and Bitcoin. ETH/USD might gain further in the near term towards the $800 level. Ethereum Price Support It seems like another…

Are Bitcoin Tax Records Ever Optional With IRS? Expert Blog

Expert Blog is Cointelegraph’s new series of articles by crypto industry leaders. It covers everything from Blockchain technology and cryptocurrencies to ICO regulation and investment analysis. If you want to become our guest author and get published on Cointelegraph, please send us an email at mike@cointelegraph.com. Cryptocurrency may be a new topic for the IRS and taxpayers to tackle but tax records are certainly not a new issue. Since the dawn of the income tax, some taxpayers have struggled with this, and the IRS knows it. At tax time, many…

South Korean Government Concerned With Scams in Bitcoin Market, Fake Exchanges

The South Korean government and local financial authorities have warned investors about the emergence of fake cryptocurrency and Bitcoin exchanges. Fraudulent exchanges On Dec. 13, the South Korean government and its cryptocurrency task force formed by the Ministry of Strategy and Finance, Financial Services Commission, Ministry of Justice, Fair Trade Commission and Financial Supervisory Commission held an emergency meeting to discuss the state of the South Korean cryptocurrency market and draft regulations for both businesses and investors. Two of the four regulations drafted by the South Korean government during the…

Mining With Energy From Humans

Is it truly possible to harness energy from the human body to power cryptocurrency mining rigs? A Netherlands-based technology company, Speculative.Capital has pioneered a project that explores the possibility of harnessing energy from idle human subjects. To do so, the company created body suits that turn body heat into electricity from human subjects to power computers that are mining cryptocurrency. According to their website, 37 people were involved in the project. The concept is pretty simple, a subject lies down for a few hours while the body suit harnesses energy…

Samsung SDS Successfully Pilots Blockchain for Korea’s Shipping Industry

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A sweeping government-backed blockchain pilot application to record and track shipping logistics and documents related to import/exports has proven successful in South Korea. Samsung SDS, the IT subsidiary and technology provider of Samsung (Korea’s largest conglomerate), has successfully concluded a 7-month pilot of the application of blockchain technology to actual logistics locations in Korea’s shipping industry. As reported by CCN in May, Samsung SDS commenced the pilot alongside the launch of a blockchain consortium comprising of Korea’s…

BitPay Stops Processing Payments Less Than $100, Backpedals Two Days Later

Bitcoin payment service provider BitPay has announced Friday, Dec. 22, that it is updating the minimum payment amount on its platform from $5 to $100, only to retract the change two days later, as reported in a blog post on Sunday. BitPay has shared an update Dec. 22, notifying its users that the platform will no longer process invoices that are less than $100 equivalent in Bitcoin, a vast increase over the previous limit of $5. The company cited unprecedented Bitcoin transaction volume and the resulting record-high network congestion and…

DASH PRICES TRICKLE LOWER AS NEM CONSOLIDATES,

Most alt coins today are trending lower. Dash prices in particular continues to trickle lower while NEM consolidates. In my honest opinion, I really think the 20 period MA which was obliterated on December 22 will continue to hold an important role in the coming sessions. DASH, Monero, IOTA and LTC prices might continue to trend lower, what do you think? NEM CONSOLIDATES XEMUSD 4HR Chart for December 25, 2017 As per Saturday’s recommendation, we shall continue holding our bullish projection. It’s not really rocket science in my opinion. In…