Tether Spotlight Once Again: Controversy Over 100% Peg to USD

Popular stablecoin Tether (USDT) – the world’s 9th largest cryptocurrency by means of market cap, has once again attracted the attention of the crypto community. As noticed by existing Tether investors, the project has removed previous claims that the stablecoin was entirely backed by US dollars. A new update, the date of which is unknown, …

CipherTrace Partners with Maltese Regulators to Manage Risk of Financial Crimes

CipherTrace, a blockchain analytics company, is partnering with the Republic of Malta’s sole financial regulatory agency to ensure that all crypto transactions within the country are free of money laundering and other similar financial crimes. As the Times of Malta reported on March 11, 2019, the Malta Financial Services Authority (MFSA) has enlisted the help …

‘Best We Have’: Experts Call for Measured Reaction to New SEC Ethereum Comments

Cryptocurrency industry sources continue to debate the impact of fresh statements from US regulators over whether the Ethereum network’s ether (ETH) token is a security.  SEC Presents Concerted View On Ethereum After receiving a response to an enquiry from Jay Clayton, chairman of the US Securities and Exchange Commission (SEC), New York-based nonprofit Coin Center …

‘Crypto’ Movie Stirs Backlash by Pushing Bitcoin-Money Laundering Narrative

Hollywood already has a sinister opinion about bitcoin, even though few in the movie business probably know much about cryptocurrencies. The new film “Crypto” pushes the bitcoin-money laundering narrative — a stance that’s echoed in the few TV shows that reference virtual currencies. The trailer for “Crypto” was released on March 11. The movie’s tagline …

Bitcoin Price Rally Could be on Last Legs, Bloomberg Analyst Warns

A key market indicator shows that the Bitcoin price rally may be losing steam. According to Bloomberg, “Bitcoin’s Moving Average Convergence Divergence indicator has been steadily falling since mid-February.” MACD is a commonly used metric for technical analysis. When it diverges from the symbol, it means that a trend may be over with. Watch out …

Proposed Texas Bill Would Require ID Verification for Crypto Use

A bill proposed by the Texas legislature will require that all receivers of cryptocurrency in regular transactions verify the identity of the cryptocurrency sender before accepting any payment. If passed, the measure will go into effect on September 1, 2019. In its current form, the text of the bill itself is brief, providing very few …

It’s Officially Alt Season! – Bitcoinist.com

This morning a plane crashed en route from Addis Ababa to Nairobi killing 157 people.  Given the cause of the crash is still unknown, and this is the second such incident involving Boeing’s new 737 Max 8 plane, several countries including China and Indonesia have ordered all 737 Max 8s grounded until further notice. That’s …

How Rising Bitcoin Holdings of May Push BTC Price Up Significantly

The cryptocurrency industry was born during the fallout of the 2008 economic crisis that caused the Great Recession. Satoshi Nakamoto designed Bitcoin as the first-ever cryptocurrency with the goal of removing the control governments and banks had over individual’s funds. Nakamoto designed the BTC supply to have a hard cap so that the cryptocurrency would …