Author: Crypto Breaking News

JPMorgan Chase has partnered with National Bank of Canada and other major firms to trial a blockchain platform aimed to improve the debt issuance process. As reported by Reuters, the investment bank said in a statement Friday that trial, which took place on on Wednesday, mirrored a $150 million offering the same day by the the National Bank of Canada of a one-year floating-rate Yankee certificate of deposit. The trial also saw participation from Goldman Sachs Asset Management, Pfizer, Legg Mason Inc’s Western Asset and others. David Furlong, senior vice president of blockchain at National Bank of Canada, said in a statement that blockchain…

Members of the European Parliament have voted in favour of EU anti-money laundering reforms, which will include closer regulation for cryptocurrencies, by 574 votes to 13 votes, with 60 abstentions, according to an EUP press release April 19. The agreement, known colloquially as “5AMLD,” is the fifth update to the EU’s anti-money laundering directive. It comes in the wake of the terrorist attacks of 2015 and 2016 in Paris and Brussels, as well as the Panama Papers leaks, the press release noted. The new reforms strengthen transparency rules to prevent the large-scale concealment of funds, with specific stipulations to address…

Is the reversal of a lesser-known bitcoin price indicator signaling a bull trap? That’s the question being asked by Twitter’s more expert crypto analysts after bitcoin’s rise to $8,500 this week, a figure that’s up more than 25 percent since its early April lows. As such, many investors and traders are wondering if the market’s rally, propelled largely by a single day of strong gains, is over (if only for now). Stepping back, the indicator in question, ETH/BTC, which tracks the value of ether against bitcoin, has been behaving oddly of late. In the past, ether’s rise against bitcoin has been…

Taiwan Semiconductor Manufacturing Co. (TSMC), a global chip manufacturing giant, has lowered its 2018 revenue forecast to 10 percent growth, down from its previous estimate of 10 to 15 percent, based in part on uncertainty in cryptocurrency mining demand, CNBC reported April 19. Morgan Stanley estimates that about 10 percent of TSMC’s revenue depends on crypto mining demand. Charlie Chan, equity analyst at Morgan Stanley Taiwan, said that in their analysis, “Bitcoin mining hardware demand and price will decline further and affect TSMC’s wafer demand.” TSMC stated that first quarter demand from cryptocurrency mining was strong and could continue in…

Taiwan aims to formally regulate bitcoin under anti-money laundering (AML) rules before the end of the year. According to the Taiwan Central News Agency, Chiu Tai-san, the country’s minister of justice, said at an anti-money laundering event on Friday that the nation aims to have the legal framework ready before a visit to Taiwan by the Asia Pacific Group on Money Laundering in November. Set to visit the country for a bilateral evaluation of existing AML efforts, according to the report, the group is an inter-governmental agency for the Asia Pacific region that works in a similar capacity to its global counterpart,…

Bitcoin.com is a web portal loaded with resources tethered to the heart of the cryptocurrency revolution. Just recently we launched our new blockchain explorer which allows anyone to verify transactions and other data tied to the Bitcoin blockchain. We want to give our readers a little more insight on this awesome tool. Also Read: Indian Exchange Takes Central Bank to Court Over Bank Ban Check Out the Bitcoin BCH Block Explorer A blockchain explorer is a neat tool that acts like a search engine for the BCH network and other public blockchains. These explorers search addresses, balances, block history, and transactions…

The crypto markets are continuing on their upswing today, with Bitcoin (BTC) over $8,500 and Ethereum (ETH) approaching $600, according to Coin360 data. BTC is currently up more than 3 percent over a 24 hour period, trading at around $8,549. The last time BTC was at this price point was on March 25. BTC dominance is also down today, to around 38.5 percent. BTC dominance had been around 40 percent since March 1. ETH is up around 10 percent over a 24 hour period, currently trading at about $591, a price point it had hit last on March 16. Of…

Bitcoin cash (BCH) is now trading at $1,000 USD, returning the price to levels not seen since late March of this year. Analysts have attributed the spike to after-tax-season liquidity, strong volume, and a passionate and active community supporting the project. Also read: Bitcoin Cash Gains Advance 4% Above BTC Bitcoin Cash Smashes Through $1,000 The price of Bitcoin Cash has rallied to test levels above $1,000 for the first time since March. The move comprises a gain of more than 60% when measuring from early April’s low of approximately $610. Days ago, CNBC’s Brian Kelly, of the popular financial news…

US regulators have fined Tezos cofounder Arthur Breitman $20,000 and barred him from broker-dealer interaction until 2020, Reuters reports April 20. According to an agreement between Breitman and Wall Street’s Financial Industry Regulatory Authority (FINRA) sealed April 18, a failure to disclose “outside business activities” related to Tezos while working for Morgan Stanley triggered the penalties. The setback is the latest headache for Tezos, which has seen near-constant controversy since its giant $232 mln ICO closed in July 2017. Investors have still not received any TEZ tokens, and Breitman, along with fellow co-founder and spouse Kathleen, face multiple consumer lawsuits.…

Telegram’s two recent Initial Coin Offering (ICO) rounds – which raised a combined $1.7 bln – are the reason behind the ban of the messaging service, as opposed to the version provided by Russian officials, which cites Pavel Durov’s refusal to provide the authorities with a way to decrypt user data, local news outlet RBK reports Friday, April 20. According to a copy of a letter acquired by RBK, allegedly from employee Roman Antipkin of the Federal Security Service (FSB) 12th center, which supervises the System for Operative Investigative Activities (SORM), the possibility of a “completely uncontrolled financial system” is…