March 27, 2019

Bitcoin rallied above $4,000 on Wednesday as Most Top 20 Coins See Gains

In the latest development, the price of bitcoin had crossed $4000. Major altcoins including Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and bitcoin Cash (BCH) also jumped.

bitcoin price tumbled on Monday and Tuesday, falling below the psychologically crucial $4000 level. Yesterday, the top-ranking digital coin was trading down 1.5% at a price of around $3,950. However, today, it has broken the $4000 price barrier again after yesterday’s slump. At the time of writing, BTC is trading across exchanges at $4068, according to CoinMarketCap. The trading volume over a 24-hour period is $11.43 billion, and the market capitalization is $71.7 billion.

Wider crypto market sees mild gains

The trend is affecting every altcoin too. Ethereum (ETH), the 2nd largest cryptocurrency by market capitalization, is up almost 3.5% over the day, according to data from CoinMarketCap.

Ripple (XRP), the native currency of the Ripple Ledger, is up around 2.5%. It is now exchanging hands at a price of about $31 at the time of writing. XRP is ranked in 3rd position in terms of the market capitalization rankings and holds a total market cap value of $12.9 billion.

Ripple (XRP) CEO Brad Garlinghouse said it lacks interoperability and hence, it cannot compete with XRP.

bitcoin’s low volatility sparks debate

bitcoin’s price volatility has been very low lately. Volatility has returned to levels observed when bitcoin’s price was roughly $1,000. bitcoin has only had one day with a more than 5 percent price swing in the past one month.

Even though the low volatility is leading many traders and investors to believe that bitcoin is warming up for a big price swing, some analysts believe the lack of volatility could signal a maturing market.

Also, if manipulation has been happening in the crypto markets, this could signal it’s becoming harder for whales to manipulate the price of bitcoin and other coins.

The future price movement will ultimately decide whether these observations are true.

coindoo.com is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.

source: https://coindoo.com/bitcoin-rallied-above-4000-on-wednesday-as-most-top-20-coins-see-gains/

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Published at Wed, 27 Mar 2019 12:34:43 +0000

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December 10, 2017

U.S. Senate Mulls Reporting Requirements for Cryptocurrencies

American bitcoin holders may soon have to report their holding to the United States government.

First introduced on May 25, 2015, by Sen. Chuck Grassley [R-IA], Senate Bill S.1241, the
“Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,” can have serious implications for those involved in the cryptocurrency space. The hearing for S.1241 was held with virtually no public notice on November 28, 2017; the full two-hour hearing can be viewed here.

Currently, the definition of “financial institution” includes banks, trust companies, credit unions, currency exchanges and the like. But according to Section 5312(a) of title 31, the new bill would amend the definition of “financial institution” to include “an issuer, redeemer, or cashier of prepaid access devices, digital currency, or any digital exchanger or tumbler of digital currency.”

This is most specifically embedded in Section 13:

Sen. Dianne Feinstein [D-CA] said in her opening remarks of the hearing, “The bill criminalizes intentionally concealing ownership or control of a bank account.” Although, during the hearing, no further clarifications were given as to the effects this would have on the cryptocurrency community, based on the amended definition of “financial institution,” it would seem that the bill would criminalize anyone intentionally concealing ownership or control of a digital currency or exchange account. While there is no finalized bill yet, the implication would be that cryptocurrency holders need to fill in federal registration forms for tax disclosure, quarterly reporting and more.

Notably, while the purpose of the bill and hearing had to do with adding digital currencies and exchanges to the definition of financial institutions, there was almost no discussion on the topic other than briefly in reference to drug cartels using them to launder money. For example, nowhere in the testimony by Coinbase board of directors member Kathryn Haun Rodriguez does she mention digital currencies or exchanges, and at no time was she asked any questions about them.

Unsurprisingly, the bill is receiving pushback from some cryptocurrency holders. Activists on Reddit have started a social media campaign in opposition to the bill, and are suggesting others to tweet: “@senjudiciary that #Bitcoiners are not #Crooks Remove #DigitalCurrencies from Section 13 of S1241.” Others are contacting their senators directly.

The post U.S. Senate Mulls Reporting Requirements for Cryptocurrencies appeared first on Bitcoin Magazine.

March 7, 2017

Deepest Sheung Wan by night…

Deepest Sheung Wan by night…By antwerpenR on 2013-08-29 21:51:53[wpr5_ebay kw=”bitcoin” num=”1″ ebcat=”” cid=”5338043562″ lang=”en-US” country=”0″ sort=”bestmatch”]

July 18, 2017

Bitcoins & Gravy EP #94 Peerplays is Provably Fair Online Gaming!

Today on the show I feel privileged to be speaking with Jonathan Baha?’?ithe President and Michael Maloney the Director of Intelligence for Peerplays. The Peerplays Blockchain Standards Association (PBSA), is a non-profit organization dedicated to the advancement of provably-fair gaming. Peerplays is the world?’?s first peer-to-peer betting platform built entirely on top of a live blockchain AND according to BTC Media, the Peerplays token known as PPY is ?’?œthe first ?’?˜dividend playing?’? crypto-currency ever designed.The Peerplays network, features native smart contracts powered by graphene and a built-in digital asset exchange. The asset exchange allows users to choose which cryptocurrency they would like to use to make wagers. The Peerplays API gives users the option to choose what currency values are displayed in, including USD, EUR or a number of crypto-tokens.

CREDITS & VALUABLE LINKS:

https://www.peerplays.com/

TRANSCRIPTIONS:Great news listeners! Our transcription page is now live on the website thanks to the continuing hard work of one of our loyal listeners who is also a consultant to the show.These Professional transcriptions are provided each week by one of our fans who can be found at:http://diaryofafreelancetranscriptionist.com

Ode To Satoshi

Lead Vocal, Harmony Vocals, Harmonica, Snare Drum: John BarrettHarmony vocals: John Barrett, Connie Sinclair and Lij ShawGuitar: Jonathan BrownMandolin: Ben MillerBass Guitar: Michael Rinne

Initial tracks recorded by Mark Thornton of Sidekick Sound Studios, Madison, TN. All other tracks Recorded, Mixed and Mastered at The Toy Box Studio, Nashville, TennesseeEngineer: Lij Shaw. Assistant to engineer: Don ?’?œThe Don?’ BatesProduced by John Barrett & Elijah ?’?œLij?’ Shaw

Special thanks to Alan Baird for his dobro, guitar and mandolin playing on many of the shows. Now that?’?s some pickin man! Thanks also to Alex Munoz Guijarro for his excellent pedal steel playing on many of our shows.

Interviews for this episode were recorded and edited by John Barrett at The Tree House Studio – Nashville, Tennessee. All shows are produced by John Barrett with the moral support of his trusty sidekick Maxwell Rascalnikov CoyoTe Rex, aka Max.

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