i'm short term bearish pic.twitter.com/ZeGNLz5SsN
— Lil Uzi Vertcoin (@LilUziVertcoin) April 30, 2018
Weekly sma20 did a bend down, which was always a bad sign.
In order to prevent money laundering and other criminal activity, Japan’s Financial Services Agency, is quietly pressuring cryptocurrency exchanges to give up handling Monero (XMR), Zcash (ZEC), and Dash (DASH) and other cryptocurrencies favored by criminals and hackers. Sources close to the FSA confirmed that they were taking all available steps to discourage the use of certain alternative virtual currencies that have become attractive to the underworld because they are difficult to track. In September of last year, the European Union’s law enforcement agency, Europol, released a report that warned “other cryptocurrencies such as Monero, Ethereum and Zcash are gaining popularity within the digital underground.” Criminals, who were some of the earliest adopters of Bitcoin, have increasingly dropped that cryptocurrency for transactions in favor of Monero and other less traceable “altcoins.”
The Securities and Exchange Commission wants to protect investors from fraud in initial coin offerings but the agency remains open to a legal way to raise money in crypto, one regulator says.
“Down the road, I think we will be thinking about ways to make those investments work consistent with our securities laws,” SEC Commissioner Robert Jackson says.
The financial watchdog has cracked down on the fundraising process known as ICOs this year, with accusations of fraud and multiple subpoenas.
- Total crypto market cap exceeds $400 billion;
- After Coinbase blocks WikiLeaks from accessing their wallet, WikiLeaks calls for a global blockade against Coinbase;
- Multiple exchanges suspend ERC20 token trading due to potential BatchOverflow Bug;
- MyEtherWallet.com highjacked on Google public DNS;
- Huobi temporarily suspends deposits and withdrawals of all coins;
- 16 000 $BTC were moved from MtGox wallets;
- Malicious Chrome extension hijacks cryptocurrencies and wallets;
- Nasdaq may launch Bitcoin trading in october 2018;
- Spanish BBVA becomes first global bank To issue loan using blockchain;
- Cryptocurrency exchange Binance inks $15 million investment pact with Bermuda;
- France slashes cryptocurrency tax rate from 45% to a flat 19%;
- European Union votes for closer regulation of cryptocurrencies;
- Georgia has become Eurasia’s cryptocurrency mining epicenter;
- High Court in Delhi deems crypto ban to be unconstitutional;
- Indian police arrest operators of $2.6 million Bitcoin ponz;
- Cryptocurrencies could threaten fiat currencies says South Korea’s finance minister;
- US State of Wisconsin on the Fence about accepting crypto campaign contributions;
- Supreme Court in Russia overrules decision to block a bitcoin website;
- Maltese cabinet approves progressive cryptocurrency bill;
- Chinese police confiscate 600 Bitcoin mining computers for stealing electricity;
- City of Shenzen in China is supporting a blockchain investment fund;
- Cryptocurrency exchange Gemini partners with NASDAQ;
- Bitmain releases new AntMiner B3;
- Rumor has it Alibaba and Bitmain is backing Qtum (QTUM);
- Nchain launches an SDK for software development on the Bitcoin Cash (BCH) network;
- Polymath (POLY) partners with CrowdfundX to deliver AI-powered investor marketing for security token issuers;
- Viberate (VIB): partnership with KoinOK;
- Nano (NANO) releases version 12.1;
- HitBTC is about to airdrop 10 million $RPM tokens to 100 000 active account holders;
- Bithumb listed OmiseGO (OMG) and Kyber Network (KNC);
- SwftCoin (SWFTC): airdrop;
- Synergy (SNRG) delisted from Bittrex;
- Cortex (CTXC) listed on OKEx;
- Golem (GNT) listed on Binance;
- Ethereum foundation developer proposes smart contract insurance fund;
- Ethereum (ETH) releases code for upcoming transition to Proof of Stake (PoS);
Market Cap: $425.800.082.704
24h Vol: $32.916.465.677
BTC Dominance: 36.9%
The role of cryptocurrencies was thrust into the spotlight during a hearing between Congress and the US Securities and Exchange Commission. The US House of Representatives Committee on Appropriations held a hearing with the Wall Street regulator on April 26, and they explored regulating cryptocurrencies in what they still seem to believe exist in a Wild West environment. SEC Chairman Jay Clayton was looked to as an authority on the topic of cryptocurrencies in what was his maiden testimony before this specific committee.
France has more than halved its cryptocurrency income tax rate on capital gains, incentivizing citizens to invest and even take some profits in the market.
The French Council of State has decided to change the classification of cryptocurrency capital gains, thereby lowering the tax rate from as high as 45% to a flat rate of 19%, a French online publication revealed. With the added generalized social contribution (GSC) for most incomes, the tax rate would rise but still falls well below the 40% threshold.