3commas Helps You Balance Your Crypto Portfolio

You Can Balance Your Crypto Portfolio With Tools Like 3commas

Hodling or liquidating your crypto assets are two extremes that are not the best investment strategies in most cases. 3commas is a platform that allows you to constantly rebalance your portfolio in order to limit losses and maximize profit.

Also read: How to Easily Find a Bitcoin Cash ATM Near You

Trade on Major Exchanges Using Bots and Target Prices

3commas is a trading bot and portfolio balancing tool which helps you make the most of your cryptocurrency trades. Using a single interface, you can connect to a number of leading digital asset exchanges and trade on them simultaneously. The platform currently supports Binance, Bittrex, Bitstamp, Bitfinex, Poloniex, and Huobi among others.

The tool has a Smart Trading terminal that lets you open multiple trades and comes with stop-loss and take-profit features. It implements trailing mechanisms that give you the opportunity to trace market changes and limit potential losses. You can set target prices for both buying and selling a digital asset as well.

3commas Helps You Balance Your Crypto Portfolio

The platform maintains real-time notifications that keep you updated about the state of your orders. It produces a report covering your stats from all exchanges you are trading on. Another useful feature allows you to copy the portfolios of other traders who have been successful and have seen their profits grow over time.

3commas, which is available as a mobile app and a web-based version, has multiple pricing plans. The Starter package is the best choice if you don’t need bots. It supports unlimited trading and will give you access to the Smart Trading terminal for $22 a month. The Advanced plan comes with simple bots for $37 and the Pro subscription offers full portfolio management starting from $75 a month.

A free trial of 3commas is also available. With the Junior plan you can trade on Huobi Global with any deposit size or trade on any other exchange with a deposit limited to $750. If you are looking for an alternative free platform with balancing features you can try Shrimpy.

To stay in touch with crypto markets, you can also use Bitcoin.com’s Bitcoin Markets tool which provides real-time data on the current prices and valuations of 500 cryptocurrencies. Check out our Bitcoin Charts page for charts showing price, capitalization, hashrate, and fees for BCH and BTC.

Are you using a portfolio balancing tool and what are your results? Let us know in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article.


Images courtesy of Shutterstock, 3commas.


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PR: Tronipay Launches Cross Border eCommerce Solution

Tronipay Launches Cross Border eCommerce Solution

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

The high growth of the market has created new opportunities and attracted talented entrepreneurs to come up with novel business models using the blockchain technology, this is the example of Tronipay, a Fintech payment company that specializes in online monetization solutions, online payments, merchants service, and e-wallet.

“We have integrated and develop payment methods across Latin America, in countries such as Mexico, Brazil, Colombia, Argentina. Our API allows more settlement solution across the globe and helps the Merchant to collect Locally a get settle international. In Asia, Tronipay has integrated Alipay and Union Pay”, says Paulo Samuels, COO of Tronipay.

Tronipay has extend options for cross-border eCommerce in Brazil for Boleto and card processing. Tronipay’s payment platform provides gateway services, processing and collecting, fraud prevention for both Brazilian and international merchants, Visa & MasterCard card processing, prepaid debit card solutions, banking and payment solutions and currency exchange.

Also, the company has launch its Tronipay (TRP) currency, that will be very useful for users, since it will have a great differential of being a currency with instant liquidity through the TronipayCard, where users can withdraw in ATM and buy worldwide. You can get your token on Bitker.com, ProBit.com, Fubt.com, Coinmarketcap.com, Coingecko.com, Latoken.com and soon it will be on more exchanges.

The objective of the TRP is to be an integral part of the Tronipay ecosystem, where customers can have all the solutions for their business or personal life within a single click. Living with financial freedom is a decision that cannot wait. Tronipay is the ideal solution, with a global platform where you can make transactions in an agile, simplified and secure way.

“What makes our project different is that our TRP is not like any Token you have seen. Our company Tronipay has been in business since 2014, helping international merchants to sell locally in Latin America mainly in Brazil, our payment platform has integrated payment solutions such as Visa, MasterCard and Amex”, says Paulo Samuels, COO of Tronipay.

In Brazil Tronipay is one of the biggest companies to process Boleto and provide an API for international merchant to accept this payment method. Today we have 13 thousand Tronipay user and over 100 Merchants processing through our payment platform and wallet.

Tronipay has a partnership with China Union Pay for e-commerce card processing and POS solution in Latin America using Tronipay payment network and provide POS terminals with UnionPay logo to stores in Latin America.

Also, we have launch Tronipay Union Pay Card that is accept on ATM and POS worldwide. You can use your TronipayCard to withdrawal cash and to purchase in stores and the TRP is linked to our card.

Our platform allows controlling different portfolios of digital assets and having access to a mix of services that includes deposits, payments, withdrawals and transfer of balance to other users. Security is guaranteed by a rigid protocol, with more than 400 rules of analysis, ensuring that your data and contracts are fully protected.

Tronipay is creating a universal decentralized reputation and trust solution that works seamlessly with our UnionPay Card, where users can buy or withdraw from anywhere in the world in the Ethereum blockchain, leveraging smart contract technology. The card is available in www.tronipaycard.com

“Today we serve all Latin America and Asia, with payment processing, and with our cards, we can also reach every community of users of crypto-coins since our Tronipay Card-UnionPay is accepted worldwide for purchases and ATM withdrawals”, said Samuels.

The company goal is to solve the problems of liquidity, sending and receiving of values to other countries presented by the other companies that currently operate globally, offering services of excellence, with more advantages.

Tronipay enable companies to reach their full potential in high-growth markets by transacting locally with minimal operational exposure and maximum reach.

Tronipay is making every effort to become the best payment processor in the world, always respecting the users and observing the legislation of the countries in which we operate. For more information you can write us at pr@tronipaycard.com

Supporting Link
https://www.tronipay.com/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Supreme Court Advocate Suggests How to Regulate Cryptocurrency in India

Supreme Court Advocate Suggests How to Regulate Cryptocurrency in India

An Indian supreme court advocate has shared some thoughts on the kind of cryptocurrency regulation India can benefit from. The right regulatory framework “would ensure transparency, oversight and accountability,” but a “one size fits all” regulation would be a mistake, she explains. Meanwhile, the Indian crypto community and industry bodies have urged the central bank to allow crypto businesses to participate in its new regulatory sandbox.

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request

How India Could Regulate the Crypto Industry

The regulatory framework for cryptocurrency in India is being finalized by an interministerial panel headed by Subhash Chandra Garg, Secretary of Department of Economic Affairs. The media recently reported that a draft bill has been circulating among relevant ministries for discussion. In an interview with the Economic Times CIO, N.S. Nappinai, a supreme court advocate and cyber law specialist, shared her thoughts on cryptocurrency regulation in India. She said:

Regulation would ensure transparency, oversight and accountability. The onus or burden on the government may be shifted to exchanges or other platforms offering virtual currencies or trading thereon.

“Explicit terms of functioning for such exchanges can regulate the kinds of virtual currencies that may be traded, the modes and methods of reporting, the restrictions on trading (including on valuation spurts etc.,) and also investor protection provisions can be incorporated,” the advocate suggested.

Supreme Court Advocate Suggests How to Regulate Crypto in India

‘One Size Fits All’ Regulation Undesirable

There have been reports that the Indian government is both considering banning some cryptocurrencies and regulating some approved ones. The Economic Times recently reported on the “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019,” citing an unnamed government official claiming to know the details of the bill. Commenting on the possibility of a ban on cryptocurrencies, Nappinai told the publication that any “‘one size fits all’ option may be a huge mistake,” elaborating:

There is also debate on whether cryptocurrency can be banned at all. After all how would the government enforce it without infringing on the privacy of all. Any form of electronic device may be used to store cryptocurrency.

Supreme Court Advocate Suggests How to Regulate Crypto in India

Since there has not been an official announcement by the government regarding the aforementioned bill or any other cryptocurrency bills, traders in India are undeterred by the rumor and continue to trade, as evident by rising volumes at local exchanges. “The report did not really affect volumes at all,” Nischal Shetty, CEO of local exchange Wazirx, told news.Bitcoin.com. “Unless we hear something concrete from our finance department I don’t think it’s going to affect existing traders.”

India’s Crypto Regulatory Attempt

In addition to several cryptocurrency-related warnings, the central bank has banned financial institutions from providing services to crypto businesses, as outlined in its circular issued in April last year. Banks subsequently closed accounts of crypto exchanges, forcing them to stop providing fiat support to their users. The advocate asserted:

By closing out the banking route, the Indian government merely pushed the entire market into the cash system thereby making it more opaque and impossible to track or trace.

Some startups are affected more than others. Zebpay, formerly one of the largest crypto exchanges in India, for example, shut down its exchange operations in the country in September last year due to the banking problem. Another crypto exchange, Coindelta, closed down in March for the same reason after the supreme court delayed hearing about the banking restriction. Coinome, a crypto exchange backed by online payment gateway Billdesk, has also halted operations due to regulatory reasons.

Supreme Court Advocate Suggests How to Regulate Crypto in India

Last month, Cambridge University’s Centre for Alternative Finance released a report entitled “Global Cryptoasset Regulatory Landscape Study,” which discusses the regulatory frameworks of 23 countries including India. Hatim Hussain, one of the authors of the report shared some thoughts with news.Bitcoin.com. “Banning sale, purchase and issuance of all forms of cryptocurrencies is an extreme step,” he commented:

It is likely the bill will take some time to become law, even if the government decides to introduce the same in the Lok Sabha, and certainly not before the next supreme court hearing on the issue in July, which might provide some clarity on the issue.

The Indian supreme court is set to hear the crypto case on July 23 after repeatedly postponing it since last year. The court is expected to address two issues: the country’s regulatory framework for cryptocurrency and the crypto banking ban by the central bank. At press time, no cryptocurrency bill has been introduced for a first reading in Lok Sabha.

Hussain further explained to news.Bitcoin.com: “It is possible to regulate transactions in cryptocurrencies, if they constitute money laundering, under PMLA [Prevention of Money Laundering] Act. Nevertheless, the effective application of PMLA to illegal transactions in cryptocurrencies is a grey area since it is unclear whether the reporting obligations prescribed under Chapter IV (Obligations of Banking Companies, Financial Institutions and Intermediaries) of PMLA Act would extend to wallet operators or bitcoin exchanges or any third party bitcoin services.” He additionally detailed:

Further clarity (by way of amendment or otherwise) is indeed required before the government can effectively regulate illegal cryptocurrency transactions under PMLA. Amendment to PMLA is certainly a faster process than introducing a new legislation, but has to meet the rigours of Parliamentary approvals in any case.

India Learning From Other Countries

The Indian government has been observing how other countries regulate cryptocurrencies. The Securities and Exchange Board of India, for example, revealed in its annual report 2017-18 that it sent some officials to Japan, the U.K., and Switzerland to study how the regulators there deal with cryptocurrencies and initial coin offerings. In addition, India is a G20 country and has agreed to follow international standards on crypto assets such as the one developed by the Financial Action Task Force (FATF). According to the country’s Ministry of Finance, the Department of Revenue has been helping the FATF develop international standards on crypto assets.

Supreme Court Advocate Suggests How to Regulate Crypto in India

Nappinai noted that many countries such as the U.S. have chosen to regulate crypto assets instead of banning them. “With every change that USA has brought about, other countries including Singapore and Japan have followed suit,” she opined:

India has many options to draw from but it has stopped short of taking a definitive call.

“India’s population and young demographic being a substantial part thereof is reason enough for the government to take a definitive stance,” the advocate told the news outlet. “Else a large young risk intensive population may have already entered the crypto-asset market and may then be left adrift with no remedies or solutions.”

RBI’s Regulatory Sandbox

The Reserve Bank of India (RBI) published a draft framework entitled “Draft Enabling Framework for Regulatory Sandbox” in April, leaving out businesses involving cryptocurrency, crypto asset services, crypto trading, crypto investing, and settling in crypto assets. It also excludes initial coin offerings and any products or services which have been banned by the Indian government. However, businesses dealing with smart contracts and blockchain technologies are allowed to participate in the sandbox.

Responding to the RBI’s request for public comments on the draft framework, industry lobby groups and founders of crypto startups have asked the central bank to reconsider its rules and allow businesses dealing with crypto assets to participate in its proposed regulatory sandbox, the Economic Times reported last week.

Supreme Court Advocate Suggests How to Regulate Crypto in India

The National Association of Software and Services Companies (Nasscom), a nonprofit trade association of the Indian information technology and business process outsourcing industries, is among those that have urged the central bank to consider allowing crypto companies to participate in its regulatory sandbox. Among Nasscom’s initiatives listed on its website is “Liaisons with government and industry to influence a favourable policy framework.” In February, the association released a report calling for regulatory improvements and clarity in areas such as cryptocurrency.

Referencing how other countries have permitted crypto businesses in their regulatory sandboxes, the trade body asserted that including these businesses could help the central bank “develop a better understanding of the risks,” the publication wrote. “The decision to keep cryptocurrencies, trading of cryptocurrencies and initial coin offerings out of the purview of the regulatory sandbox is still not clear,” Nasscom remarked, adding:

Since cryptocoins and tokens are an important component of the blockchain technology, the draft regulations appear to exclude testing of smart contracts and other approved blockchain technology under the sandbox.

Payments Council of India (PCI), the payments industry lobby group, has also urged the RBI to include cryptocurrency businesses in its regulatory sandbox, according to the Economic Times. Naveen Surya, chairman emeritus of PCI, believes that “Since there is no outright ban on cryptocurrency technology, it should form part of the sandbox,” the news outlet conveyed and quoted him as saying:

Ideally, they shouldn’t have such large exclusions … The boundaries can’t be defined right away.

“The discussion has been on how an open framework can be created instead of a subset of existing laws, because then we wouldn’t be achieving the innovation objective,” he described.

Supreme Court Advocate Suggests How to Regulate Crypto in India

While India is leaving out crypto businesses from its regulatory sandbox initiative, Bahrain is trying to attract them to its crypto-friendly environment. In March, the Bahrain Economic Development Board invited Indian companies to set up base in its country. The Central Bank of Bahrain recently revealed that half of the companies it has approved for the regulatory sandbox are crypto service providers including exchanges.

The Right Regulation

Nappinai recognizes the importance of regulation. “Whilst technology may grow even exponentially without regulation or restraint, it reaches the tipping point when it needs the support of regulation to grow,” she told the Economic Times. However, the advocate clarified, “we are referring to effective and simple regulation to meet the requirement and not complex structures born out of fear,” emphasizing:

India should really look clinically at formulating simple regulations to meet its unique socio-economic milieu and lend support for developing the technology.

“With respect to crypto-assets, regulation would ensure transparency and certainty to both the business and investor stakeholders or at least put to rest this vertical as an investment option,” she concluded.

How do you think India should regulate cryptocurrency? Let us know in the comments section below.


Images courtesy of Shutterstock.


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Telecom Giant AT&T Now Accepts Bitcoin Payments

Telcom Giant AT&T Now Accepts Bitcoin Payments

On May 23, telecom giant AT&T announced that customers can now pay their bills through Bitpay. The firm has become the first major U.S. mobile and landline carrier to accept BCH and BTC for payments.

Also Read: US Copyright Office Responds to Craig Wright’s Bitcoin Registrations

AT&T Now Accepts Crypto Payments

American multinational telecom conglomerate AT&T has partnered with Bitpay to allow users to pay their bills with cryptocurrencies. Customers can use the AT&T online platform when they log on to their accounts online and select Bitpay as a payment option. This allows clients to access the Bitpay invoice portal, where they can select BCH or BTC in order to pay their bills. AT&T’s customer base is huge and the firm ranked #9 in the U.S. Fortune 500 rankings based on total revenue.

AT&T decided to partner with Bitpay and accept BCH and BTC because the firm wants to offer payment alternatives to better serve its customers. The vice president of AT&T’s communications finance business operations, Kevin Mcdorman, is thrilled to give clients more payment options. “We’re always looking for ways to improve and expand our services,” Mcdorman detailed during the announcement. The vice president also stated:

We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.

Telecom Giant AT&T Now Accepts Bitcoin Payments

A Major Company Accepting Crypto Is Great News to Most Digital Currency Enthusiasts

At the moment the option is not available at AT&T stores and cryptos cannot be used to purchase mobile devices or products. The partnership with Bitpay only works with the telecom company’s bill pay services. The firm started off as the Southwestern Bell Telephone Company in 1880, and since it rebranded to AT&T the corporation has been the second largest mobile service in the U.S. and the number one landline provider as well for quite some time.

Of course, cryptocurrency fans on social media are psyched to hear about AT&T accepting digital currencies. Bitcoin Cash fans over at Reddit forum r/btc celebrated the large merchant accepting digital currencies after the announcement. “Wow, it’s been a while since we’ve heard of a major company start accepting cryptocurrency payments in a context that isn’t through some third party passthrough like Flexa — And this means they accept BCH — Way to go AT&T,” one of the r/btc moderators remarked.

What do you think about AT&T accepting BCH and BTC for bill payments online? Let us know what you think about this partnership in the comments section below.


Image credits: AT&T, Pixabay, and Bitpay.


Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

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The Cryptocurrency Market Has Become a Casino

Crypto trading has always entailed a blend of skill and good fortune, but in the frothy markets of 2019, that weighting is skewed heavily in favor of the latter. Fundamentals go out the window when there’s a surety that the latest token is going to pump at any moment. For traders with a low timeframe patience, bitcoin will always be the safer and more profitable bet. But when your friends are getting fleetingly rich on altcoins, the temptation to FOMO in can prove irresistible.

Also read: US Copyright Office Responds to Craig Wright’s Bitcoin Registrations

Traders Are Betting Big and Losing Large at the Crypto Casino

In the drawdown that followed the excesses of 2017, traders were taught a sobering lesson. Despite vowing to change their ways, stop being greedy, and learn to take profits along the way, it appears that old habits die hard. It was a little more than two months ago that BTC broke free of the $4,000 price point it had been locked into, embarking on a mazy run that’s seen it double in price and drag the rest of the market up with it. This has brought significant cheer to the beleaguered cryptosphere, as can be seen in the sentiment score indicators by data firm Omenics, which maps the mood of the markets alongside the price of the corresponding asset.

The Cryptocurrency Market Has Become a Casino
BCH sentiment score

Its social sentiment score for BCH, shown in purple, has broken its previous high and is heading to the positive zone, according to data for the week ending May 21.

The Cryptocurrency Market Has Become a Casino
BTC sentiment score

BTC is showing similar positive signs, though there is a notable drop depicted on May 9, which Omenics attributes to the Binance hack and the reorg debate this sparked. Even though BTC has retraced a little from the year’s high of $8,300, the mood of the markets remains distinctly greedy, according to an alternative sentiment analysis service.

The Cryptocurrency Market Has Become a Casino

Day Traders Are Going for Broke

With IEOs launching across scores of exchanges, there’s scarcely time to agree to the T&Cs and send funds, let alone perform DD on the project and the token metrics. Meanwhile, Binance tokens are performing impressive, albeit unsustainable, feats of multiplication; matic did 8X in a little over 10 days, aided by market makers, causing trading volume to surpass 50,000 BTC and inducing unprecedented FOMO. The crash, when it arrived, was almost as vertiginous, wiping 30% off the balance of traders who arrived late to the party.

The Cryptocurrency Market Has Become a Casino
The Rekt Plebs Telegram channel is filled with tales of woe from traders who lost heavily.

Bitcoin is not immune to manipulation, as shown a week ago, when a huge sell order on Bitstamp was triggered to induce a wave of liquidations on Bitmex, and healthy profits for whoever shorted with high leverage. Such behavior, however, is limited to whales with the means to engage in such mischief. For the retail rest, small fortunes can be won and lost on newly listed IEO tokens and illiquid altcoins belonging to near-abandoned projects, which can be easily pumped and dumped.

The Cryptocurrency Market Has Become a Casino

It’s hard to exercise restraint and apply risk management when crypto Twitter is shilling shitcoins and boasting of the sick gains they made in a day. To quote the New York Times’ infamous headline, “Everyone is getting hilariously rich and you’re not.” When the music stops, most of the current crop of crypto tokens will be as dead as those that launched last year, and every year before that, all the way back to 2014. In the meantime, though, it’s hard to resist the bright lights and bumper payouts of the crypto casino.

Do you think fundamentals have much bearing on trading strategy during market mania? Let us know in the comments section below.


Images courtesy of Shutterstock.


Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

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Markets Update: Bulls Show Signs of Exhaustion as Crypto Prices Taper

Markets Update: Bulls Show Signs of Exhaustion as Crypto Prices Taper

Cryptocurrency prices have dipped slightly since our last markets update as most digital assets are down between 2-7% over the last 24 hours. Today, on May 23, the market capitalization of the entire cryptoconomy is around $237 billion and the daily global trade volume is roughly $77 billion.

Also Read: US Copyright Office Responds to Craig Wright’s Bitcoin Registrations

Crypto Markets Suffer From Slight Pullback

Over the last 24 hours, digital asset prices have dropped a hair, losing some of the gains obtained last week. At the moment bitcoin core (BTC) is down 2.7% for the day as well as losing 4% over the course of the week. Currently, one BTC is trading for $7,630 per coin and the entire market has a valuation of around $135 billion this Thursday. The second largest market capitalization belongs to ethereum (ETH) and each coin is swapping for $238. Ripple (XRP) is trading for $0.37 per coin and XRP markets are down 4.9%. The fifth largest market cap is held by litecoin (LTC) as each coin is trading for $86 but market prices have lost 3.9% today. Both LTC and EOS have been fighting for the fifth position over the last few hours, with market caps that are almost identical.

Markets Update: Bulls Show Signs of Exhaustion as Crypto Prices Taper

Bitcoin Cash (BCH) Market Action

Today bitcoin cash (BCH) markets are down 4.8% and roughly 5% over the last week. At press time, one BCH is swapping for $384 per coin and has a market valuation of around $6.87 billion. Right now, global BCH trade volume over the last day has been around $2.65 billion and BCH holds the fifth highest trade volume on May 23. The top five exchanges trading the most bitcoin cash are Coinbene, P2pb2b, Bitmart, Binance, and Huobi. Tether (USDT) is the most dominant currency pair with BCH, capturing 47% of today’s trades. This is followed by BTC (28.5%), USD (10.7%), KRW (8.5%), JPY (1.79%), EUR (1.72%), and ETH (0.54%).

Markets Update: Bulls Show Signs of Exhaustion as Crypto Prices Taper

BCH/USD Technical Indicators

Looking at the BCH/USD chart on Kraken shows BCH bulls have been showing some exhaustion after gathering decent momentum last week. Both 4-hour moving averages and oscillators currently show bearish sentiment and uncertainty is in the air. The Relative Strength Index (RSI 41.54) is impartial at the moment but the MACd, a momentum oscillator that subtracts the longer-term moving average from the shorter-term moving average, shows some losses could take place in the short term. The two Simple Moving Averages (SMA), both long and short term, are once again edging toward crossing hairs.

Markets Update: Bulls Show Signs of Exhaustion as Crypto Prices Taper

If the 100 SMA drops below the longer term 200, a bullish-to-bearish trend change could come to fruition. The Ichimoku Cloud (9, 26, 52, 26) baseline indicates the price may correct a hair in the short term. Order books show today’s resistance for BCH rests above the $390 mark, and again at the $420 zone. On the backside, if bears manage to leverage the bulls’ exhaustion, they will encounter foundational resistance at the current vantage point and $345 region.

Markets Update: Bulls Show Signs of Exhaustion as Crypto Prices Taper

Are Crypto Markets Following the Footsteps of the Past?

Cryptocurrency markets have been extremely volatile lately and after each price gain seen posted across most crypto asset markets, the bullish momentum begins to taper. Three days ago, a technical analyst from JP Morgan argued that BTC prices have touched overbought conditions.

Markets Update: Bulls Show Signs of Exhaustion as Crypto Prices Taper

“Over the past few days, the actual price has moved sharply over marginal cost,” explained Nikolaos Panigirtzoglou, global market strategist at JP Morgan. “This divergence between actual and intrinsic values carries some echoes of the spike higher in late 2017, and at the time this divergence was resolved mostly by a reduction in actual prices.” It seems many traders are still undecided on whether or not the bull run has begun and many are simply sticking to intra-day and scalp profits from the recent volatility.

Where do you see the price of bitcoin cash and the rest of the crypto markets heading from here? Let us know what you think about this subject in the comments section below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Shutterstock, Trading View, Bitcoin.com Markets, JP Morgan, and Coinlib.io.


Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

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How to Easily Find a Bitcoin Cash ATM Near You

Cryptocurrency ATMs are a convenient way to get your hands on digital assets without opening an account with an exchange. Here’s how to easily find an ATM supporting bitcoin cash (BCH) transactions near you, wherever you are in the world.

Also Read: How to Buy Pizza With Bitcoin Cash

Put BCH ATMs on Your Radar

There are more than 1,600 ATMs that offer the buying or selling of bitcoin cash (BCH) all around the globe. To find your nearest location, you can check out Coin ATM Radar, a service that lists and maps the cryptocurrency kiosk machines. Besides the website, the platform includes an app for iOS and Android mobile devices so you can find a BCH ATM right on your phone.

How to Easily Find a Bitcoin Cash ATM Near You

If you know of a bitcoin cash kiosk which is not listed on Coin ATM Radar you can submit the location to be added to the service. And if you find out that no such machine exists in your area, you can even go one step further and order one from one of the many cryptocurrency ATM providers that support BCH and go into the business yourself.

Have you used a cryptocurrency ATM to buy bitcoin cash? Share your experience in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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Zuckbucks or Bust: How SEC Rulemaking Hurts Startup Cryptos and Favors Big Tech

SEC guidance has created a more attractive environment for regulated tech firms like Facebook to offer proprietary cryptoassets integrated into their existing products that can be legally traded on existing crypto-exchanges as non-securities. Meanwhile, the SEC has targeted startup cryptos for increased scrutiny.

Also Read: SEC Commissioner Says Time Is Right for Bitcoin ETFs — 3 Funds Pending

The crypto community’s reaction to last month’s SEC guidance ranged from shrugs to consternation. SEC Commissioner Hester Peirce mused that the 38-factor test may “raise more questions than it answers”. These factors, adding to what is referred to as The Howey Test, not only can lead to serious legal ramifications for cryptoasset promoters, including ending their projects and returning investor funds, but also determines whether or not exchanges can list a cryptoasset without violating US securities laws. It can thus mean life or death for projects like KIK, which announced last week that it had sunk $5M into battling the SEC over Howey, after its CEO lamented “spend[ing] more time designing for the SEC than for [it’s] users.” However, since there was apparently little relief for existing crypto projects, the guidance does beg an important question: why issue it in the first place?

The Central Network

Recent news from Silicon Valley may shed some light. On May 17, after hiring two Coinbase compliance managers, Facebook formed a Swiss subsidiary to house its new “Project Libra,” a cryptocurrency project pegged to the US dollar apparently incorporating payment processors Mastercard and Visa. Libra may also reward users for watching advertisements, making it similar to the Basic Attention Token (“BAT”) cryptocurrency startup that raised $35 Million in 40 seconds in May of 2017, built to reward viewers and facilitate microtransactions on its privacy-focused “Brave” browser.

Zuckbucks or Bust: How SEC Rulemaking Hurts Startup Cryptos and Favors Big Tech

The sheer scale of impact on cryptoasset markets and global payment flows that widespread use of a native Facebook token would have is hard to understate. Facebook’s 2.38 billion monthly active users constitute nearly a third of the planet’s population, dwarfing the footprint of all combined cryptocurrency projects. This prospect, which has garnered surprisingly little interest from the crypto community, should give pause to everyone from altcoin enthusiasts to ardent Bitcoin maximalists.

For those enthusiastic about the proliferation of new payments systems of any stripe, this is exciting news. However, for those in favor of decentralized cryptocurrencies, this should raise alarm bells, particularly in light of Facebook’s repeated demonstration of a lack of respect for individual privacy, an overtly censorious attitude, and a penchant for dishonesty — all of which are meant to be disintermediated by the censorship-resistant platforms that cryptocurrency advocates hope will eventually take over as value-transfer mechanisms. If even a small percentage of Facebook users adopt its cryptocurrency and use it to access crypto-exchanges, it may lead to an unprecedented expansion in cryptoasset users and increase in prices, while giving a centralized party (namely Facebook and Mark Zuckerberg) unparalleled leverage over the familiar exchanges, wallets, and other relatively small-scale service providers that have sprouted up in the past decade.

Unfriending Startup ICOs?

In contrast to Facebook, most cryptoasset projects, like BAT, start from scratch. Created by Mozilla co-founder Brendan Eich, BAT plans to use its $35 million in ICO funds to incentivize its team and build a decentralized platform. Born from Mozilla’s non-profit open-source mentality, the platform will be designed to “disrupt” the digital advertising industry by directly connecting users, publishers, and advertisers, thereby disintermediating the likes of Google and Facebook. This startup ICO funding mechanism has characterized many of the most celebrated and successful crypto projects, as well as most notorious scams. However, according to the SEC guidance, a token like BAT — where the promoter “retains a stake or interest in the digital asset”, or where they “distribute digital asset as compensation to management” — will be more likely deemed a security than Libra, for which Facebook has $44 billion in cash reserves to pay.

Similarly, the SEC now says a token is more likely to be a security when the promoter has “raised an amount of funds in excess of what may be needed to establish a functional network or digital asset,” where the promoter can “benefit from its efforts as result of holding the asset,” where it “continues to spend funds from proceeds or operations” to enhance the network, and where the future value of the network and promoter’s expertise are included in fundraising documentation, all of which may apply to offerings like BAT but probably not Libra. Moreover, the SEC is also more likely to see a security where there is a “promise (implied or explicit) to build a business or operation” — such as BAT’s platform — “as opposed to delivering currently available goods or services for use on an existing network” — such as Facebook’s.

Furthermore, the SEC maintains that if an asset is offered “broadly to potential purchasers,” as BAT’s offering was, “as compared to being targeted to expected users of the goods or services who have a need for the functionality of the network,” it is more likely to be deemed a security. This is more good news for Facebook, which appears to be targeting users on Messenger, Facebook, and Instagram for Libra.

Zuckbucks or Bust: How SEC Rulemaking Hurts Startup Cryptos and Favors Big Tech

“Community Standards”

In perhaps the most telling of the guidelines, the SEC says it is less likely to consider a cryptoasset a security when it is “designed” such that “its value will remain constant or even degrade over time.” The SEC is further likely to find a digital asset to be a non-security when it “acts as a substitute for fiat currency,” and “can currently be redeemed within a developed network or platform to acquire or otherwise use those goods or services.”

Given that cryptocurrencies emerged in the wake of the financial crisis of 2008 as an alternative to the fiat-based global financial system centered around Wall Street, US regulators agreeing to lay down their arms for crypto-offerings that do not have the deflationary mechanism and intentional scarcity that gives Bitcoin its value may not be the embrace of cryptocurrencies that it was believed to be. Rather, it is reminiscent of the common 2015 refrain from legacy financial institutions and government agents that “it’s not about bitcoin [or cryptoassets], it’s about the underlying blockchain technology.” Now it appears that cryptoassets are also fine, so long as they do not rise in value, and especially if they are offered by a company listed on a major stock exchange that is part of the fiat-based global financial system centered around Wall Street.

Zuckbucks or Bust

Encouraging publicly-traded US firms that launched successful IPOs — and are thus already under the SEC’s supervision — to enter and hold sway in the cryptocurrency space conforms to key SEC policy interests. During 2017 and 2018, thousands of ICOs raised a combined $15 billion, up from less than $100 million in the two years prior, while the number of US-based IPOs has remained under 200 since the 2008 financial crisis, less than half the dot-com bubble highs. Recent indicators suggest that a record setting 80% of ICOs were unprofitable in 2018, with tepid responses to the mega-IPOs of Uber and Lyft in 2019.

For their part, ICOs are increasingly occurring outside the US, with British Virgin Islands, Cayman, and Singapore capturing a combined $7.6 billion, or 60% of ICOs in 2018. Simply lowering barriers to entry for IPOs, one approach the SEC appears to be entertaining, may be an attempt to downplay the million dollar IPO sticker shock in an environment where the off-shore ICO model is increasingly attractive. In this context, it appears the SEC is in a difficult position; forced to decide between shrinking its mandate of protecting US investors by unilaterally weakening Howey to incentivize on-shore ICOs, some of which will undoubtedly lead to serious consumer fraud, or forcing ICOs off-shore by subpoenaing, litigating frauds, and “stifling” with its lack of clarity. However, if tokens like Libra, launched by a publicly-traded, SEC-compliant, multinational corporation became dominant, it could allow the SEC and other regulators to exert second-order influence across the still nascent cryptoasset markets and services industries.

None of this, however, is to imply the SEC is directly intending to stifle innovation or entrepreneurship. Although not relying on clear precedent in every instance, nothing within the guidance falls outside the spirit of Howey. Moreover, the SEC, as a prosecutorial body, is expected to draw the broadest possible interpretation of the law in favor of a finding that an offering is a security. Publicly stating that certain activities are within its jurisdiction does not make law, whereas stating that activities are outside of its jurisdiction could serve as a defense against prosecution and weaken its hand. Therein lies a potential purpose: many of the areas that the SEC appears to have exempted in its guidance are previously gray areas that existing Big Tech firms may now seek to occupy. As publicly traded multinationals like Facebook are unable to wade into the gray areas where startups tread, this may have been a necessary step to pave the way for Libra. Now the crypto community, like it or not, has a choice: prepare for Libra or get Zucked.

What do you think about this subject? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


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US Copyright Office Responds to Craig Wright’s Bitcoin Registrations

US Copyright Office Responds to Craig Wright's Bitcoin Registrations

On May 21, 2019, a press release was sent to a variety of publications that said Craig Wright was granted two U.S. copyrights for the original Bitcoin white paper and version 0.1 of the cryptocurrency’s code. Meanwhile, the U.S. Copyright Office specifically addressed the matter in a press release which emphasized the agency “does not investigate the truth of any statement made.”

Also Read: “I Am the Real Satoshi” Claims Hawaiian Man After Filing Bitcoin Cash Trademark

Craig Wright’s Copyright Proof Attempt Fails to Sway the Greater Crypto Community

Yesterday the crypto community was up in arms after Craig Wright detailed that he was granted two U.S. copyrights for the Bitcoin white paper and code. The two copyrights can be seen publicly with registration no. TXu 2-136-996 and also no. TX-8-708-058. Of course, most digital asset enthusiasts thought the effort was yet another lackluster attempt from Wright to try and prove he’s Satoshi. Many individuals on social media simply laughed at the copyright announcement. Alongside this, a few other crypto community members detailed that the copyrights were meaningless. Coin Center founder Jerry Brito explained that the U.S. Copyright Office does not investigate the validity of claims like these and they simply just register it. “Unfortunately there is no official way to challenge a registration — If there are competing claims, the Office will just register all of them,” Brito added.

US Copyright Office Responds to Craig Wright's Bitcoin Registrations

Moreover, back when Satoshi released the protocol, the code was released under the open source MIT license. This means that Bitcoin is free to distribute the software to any individual or organization and everyone has no limitations to what they can do with the software. Essentially anyone can use, copy, modify, merge, publish, distribute, sublicense, and fork the Bitcoin software.

US Copyright Office Responds to Craig Wright's Bitcoin Registrations

Furthermore, there is a copyright notice from Satoshi established under the MIT licensing back in 2009, which gives developers the freedom to use the code in any manner. Then over the last few years, there’s been a slew of other individuals who have registered and have been granted copyrights to the Bitcoin software and it’s associated paper.

US Copyright Office Responds to Craig Wright's Bitcoin Registrations
Wright is not the first to attempt to copyright Bitcoin and it’s white paper.

The Hawaiian Who Registered the White Paper Before Wright

There’s Ronald Keala Kua Maria, a resident from Hawaii who copyrighted the Bitcoin white paper, back in August 2016 with registration no. TXu 002037698. News.Bitcoin.com reported on Kua Maria claiming to be Satoshi Nakamoto back in June 2018. Not only did Kua Maria copyright the white paper, but he also copyrighted a decent number of other trademarks and words like “Bitcoin Cash.” Additionally, Kua Maria owned a bunch of Bitcoin-related domains such as thesatoshinakamoto.com, bitcoincopyrights.com, bitcoincashcopyright.com, bchcopyright.com, and others. When we first wrote about Kua Maria, most of his domains redirected to his home page rkm.world. One interesting thing to note about one of Kua Maria’s domains (http://www.bitcoincopyrights.com) is that it now redirects to a BSV website now.

US Copyright Office Responds to Craig Wright's Bitcoin Registrations
Ronald Keala Kua Maria also believes he is Satoshi Nakamoto and has also copyrighted Bitcoin’s white paper and a slew of other copyrights. Kua Maria also owns quite a few Bitcoin-related domains.

U.S. Copyright Office Responds to ‘Certain Bitcoin Registrations’

After all the commentary and jokes on social media channels, the U.S. Copyright Office issued a statement concerning the matter. In the press release called “Questions about Certain Bitcoin Registrations,” the agency detailed that it “does not investigate the truth of any statement made.” The Copyright Office continued by adding:

A registration represents a claim to an interest in a work protected by copyright law, not a determination of the truth of the claims therein. It is possible for multiple, adverse claims to be registered at the Copyright Office. The Copyright Office does not have an opposition procedure for copyright registrations, such as the procedures available at the Patent and Trademark Office for patents and trademark registrations.

Essentially after addressing that multiple registrants have copyrighted certain technologies, the agency said that it’s really up to the “federal courts, including disputes over authorship of a work.” Moreover, when it comes to works created by a pseudonym with a moniker like Satoshi Nakamoto, the Copyright Office “does not investigate whether there is a provable connection between the claimant and the pseudonymous author.” The U.S. Copyright Office also details that correspondence between Wright and the agency is part of the public registration record.

US Copyright Office Responds to Craig Wright's Bitcoin Registration

Furthermore, the well known libertarian writer and patent attorney, Stephan Kinsella, told his social media followers that the copyright proves nothing. “As I’ve pointed out for days now on Twitter threads, such assertions are ridiculous and misrepresent the way copyright works — Because most people don’t understand how copyright works, when they hear that the Copyright Office “registers” or “approves the registration” of a works this somehow means the government has issued a copyright to the applicant and verified their authorship etc,” Kinsella opined. The patent attorney and intellectual property expert further detailed:

None of this is true. Copyright registration is a simple procedure that does not prove copyright or authorship and does not prove anything at all, especially when done more than 5 years after the original work was published.

The crypto community was once again not only disheartened by Wright’s attempt to copyright open source software, but most have also been dumbfounded by the extraordinary hoops he’s gone through to prove he is Satoshi. From the BBC interviews to the cover of GQ, Wright has gone to great lengths to prove he is the inventor of Bitcoin. The process could be much easier for him or for anyone to prove the existence of Satoshi by simply signing a message tied to the genesis block or moving some coins. Every single attempt Wright has made to prove he is Satoshi so far has been refuted and mocked by the greater crypto community. The copyright undertaking that costs $55 per registration for the white paper and some of the open source code is no different.

What do you think about Wright’s latest copyright proof attempt? Let us know what you think about this story in the comments section below.


Image credits: Shutterstock, Twitter, Github, rkm.world, and the U.S. Copyright Office online database.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Markets.Bitcoin.com, another original and free service from Bitcoin.com.

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