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Major Latin American E-Commerce Company Bans Cryptocurrency-Related Ads

The largest e-commerce company in Latin America, Mercado Livre, has prohibited cryptocurrency advertising on their website. The largest e-commerce company in Latin America, Mercado Livre, has banned cryptocurrency advertising on their website, Cointelegraph em Português reported on March 18. The development was revealed in an exclusive interview with Cointelegraph em Português after the company’s users reported receiving of emails informing them about the change in Mercado Livre’s policy. The new policy requires all users to remove their listings pertaining to digital currency, otherwise all listings will automatically be taken down from the platform starting March 19. One of the users received a letter, saying: "We would like to inform you that as of March 19, you will no longer be able to advertise used products in the following categories: - Cryptocurrencies - Prepaid cards for games Because you have ads for used products that will soon be banned, we recommend that you end them. Ot..

Cryptocurrency Price Correlations in Bitcoin, Dollar Flipped in 2018, Binance Finds

Binance research found correlations among crypto assets in BTC terms have waned, while they have strengthened in USD since 2017. Price correlations among major cryptocurrencies increased against the U.S. dollar (USD) but fell in Bitcoin (BTC) terms, a new report from cryptocurrency exchange Binance revealed on March 20. Part of an investigation into price trends within crypto markets since 2017, Binance found that behavior among assets is diverging depending on whether returns are denominated in USD or BTC. Specifically, USD returns from holdings were more correlated among cryptocurrencies within the three months of 2019 ending March 1 than in 2017. BTC returns, by contrast, are less correlated in current conditions than they were eighteen months ago. “Correlations in BTC returns are important as BTC remains one of the best price indicators of crypto markets for two key reasons,” Binance explained about the impetus behind its field of research. Those reasons, the post said, are the li..

Cryptocurrency Market Bounces back, Will Cryptos Recover?

The crypto market has slowly gathered momentum, but the larger gains are for altcoins. This steady progress has seen the market cap rise back to $140 billion. Another big move is looming. Ethereum (ETH) Price Today – ETH / USD Name Price24H (%)$137.79 -0.41% Bitcoin has stayed on its resistance level for a while now. The digital currency is presently trading at $4,080, and this is its highest level this week. The coin has gained up to one percent during each day trading. Also, bitcoin daily volume has moved back to $10 billion. This is a good sign for the top cryptocurrency because a surge could be on the way for the short term. Ethereum price analysis: will Ethereum recover Ethereum successfully crept up and has surpassed $140 within the past 24 hours. The 2.0 update of Ethereum founder Vitalik Buterin has offered a lot of upgrades that would benefit the platform in the long term. You do not need a smart crypto course to know that the digital currency has the potential to surge soo..

Blockchain Project That Incentivises People to Test for Diabetes by Handing...

The hackathon for reducing global wealth inequality using decentralised technology was won by a prototype for a system that encourages citizens to be checked for diabetes in return for GoodDollar tokens. GoodDollar, a not-for-profit research hub that explores how decentralised cryptocurrencies and blockchain technology may enable models based on universal basic income (UBI) with the central aim of reducing global wealth inequality, held the inaugural Hackinequality event in Tel Aviv on March 14 and 15. The judging panel, after much debate, agreed that the three-person t2d team – made up of Jesse Medina, Lior Yaffe, and Yaron Shmaria – had done enough to see off competition from the other eight social impact projects. Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and services. Support our journalists today. Click here to sign up.The team won the US$2,500 first prize, though the money was of secondary importance, with their contrib..

Swiss Federal Assembly Approves Instructions on Cryptocurrency Regulation

Switzerland’s Federal Assembly has approved proposals to instruct lawmakers on cryptocurrency regulation. The legislative body of the Swiss government, the Federal Assembly, has approved a motion to instruct the Federal Council to adapt existing legislation for cryptocurrency regulation. Coitelegraph auf Deutsch reported on the development on March 20. The motion introduced by Liberal assemblyman Giovanni Merlini intends to instruct the Federal Council to adapt existing provisions on procedural instruments of judicial and administrative authorities, so that they can also be applied to cryptocurrencies. The Council approved the motion introduced with 99 to 83 votes in favor and 10 abstensions. The move aims to close perceived gaps in protecting cryptocurrency users from illicit activities like extortion and money laundering. The legislation is set to determine how to stifle cryptocurrency-associated risks, as well as whether entities operating crypto trading platforms should be equated..

New Report Warns 87 Percent of Cryptocurrency Exchange Volume Is Potentially...

A reports from trading analytics platform The Tie shows that the majority of exchanges may be faking their exchange volume. Almost 90 percent of cryptocurrency exchanges’ reported trade volumes may be incorrect, new research from trading analytics platform The Tie warned in a digest released on March 18. Reporting on figures gathered from 97 exchanges, researchers found that the vast majority of the volume claimed to come from users may not in fact exist. The revelations came as a result of calculations of lesser-known exchanges versus well-known businesses such as Binance and Kraken. “In total we estimated that 87% of exchanges reported trading volume was potentially suspicious and that 75% of exchanges had some form of suspicious activity occurring on them,” The Tie wrote in social media comments on the findings. The organization added: “If each exchange averaged the volume per visit of CoinbasePro, Gemini, Poloniex, Binance, and Kraken, we would expect the real trading volume among..

Japan Introduces New Regulations for Cryptocurrency Margin Trading

The Cabinet of Japan has reportedly approved new regulations in regard to cryptocurrency margin trading. Japanese financial regulators have reportedly introduced new regulations for cryptocurrency margin trading, local news agency Nikkei reported on March 18. The Cabinet of Japan, the executive branch of the country’s government, has reportedly approved draft amendments to Japan’s financial instruments and payment services laws, limiting leverage in cryptocurrency margin trading at two to four times the initial deposit. Margin trading is the use of borrowed funds from a broker to trade a financial asset, thus forming a collateral for the loan. The new rules — which are reportedly et to come into force in April 2020 — will require cryptocurrency exchange operators to register within 18 months of that date, which will purportedly enable the Financial Services Agency (FSA) to introduce relevant measures in regard to unregistered cryptocurrency "quasi-operators." Following promulgation of..

Report: Number of Blockchain and Cryptocurrency Lobbies Tripled in 2018

Lobbying on blockchain and crypto has reportedly grown on K Street, having tripled over the past year. The number of lobbies working on blockchain technology issues in Washington D.C. tripled in 2018, politics-oriented news outlet Politico reported on March 18. The number of entities lobbying on digital currencies and blockchain reportedly grew almost thrice in the course of the past year, reaching 33 projects in the fourth quarter of 2018 compared to 12 in the same period of 2017. Jerry Brito — executive director at the non-profit organization Coin Center that works with Reps. Warren Davidson (R-Ohio) and Darren Soto (D-Fla.), both known for their cryptocurrency-friendly attitude — reportedly suggested that the growth is driven by securities regulation. In January, Soto stated that most cryptocurrencies should not be regulated under the country’s securities regulator. According to Soto, crypto should be overseen by the Commodities and Futures Trading Commission and Federal Trade Comm..

March 17th Cryptocurrency Price Analysis For Bitcoin (BTC), EOS (EOS), Bitcoin...

In yesterday’s cryptocurrency news, smartereum.com reported that the price of Bitcoin, EOS, Bitcoin Cash, Stellar, Cardano were trending upward against the USD. The Bitcoin live price at the time was above the all-important $4,000 as the entire market recovered. Today, however, the prices started a downward correction against the USD. Most top cryptocurrencies are now trading in red as they struggle to hold on to the gains they gathered during the minor bull run. Bitcoin Price Forecast: Bitcoin Live Price This morning, Bitcoin fell below the resistance turned support at $4,000. It traded as low as $3,997 for a while before the buyers emerged and took the price of the flagship cryptocurrency above the $4,000 level again. At the time of writing, the Bitcoin live price was trading at $4,028.90. This means that it is down by 0.29% against the USD but slowly picking up momentum for another bull market. The trading volume is $8,442,671,685 and the market capitalization is $70,883,647,242. I..

Riot Blockchain Plans Launch of Regulated Cryptocurrency Exchange in the US

Riot Blockchain filed with the SEC to launch a new regulated cryptocurrency exchange in the U.S. by the end of 2019 Publicly traded United States-based company Riot Blockchain has filed with the Securities and Exchanges Commission (SEC) to launch a new regulated cryptocurrency exchange called RiotX in the U.S. by the end of 2019. The regulator published the documents on March 14. The company declares in the filing that its subsidiary, RiotX Holdings Inc, would operate the new exchange. Furthermore, the exchange’s banking services would be handled by an Application Programming Interface (API) created by software company SynapseFi. The API is planned to, among other functions, serve as a security enhancement by tracking user location in order to prevent fraudulent use of the service. For instance, improper use would include the use of the exchange in U.S. member states where it is not allowed, more precisely Wyoming and Hawaii. RiotX users would be allowed to create accounts connected t..
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