Archivos de etiquetas: Traders

Bitcoin Futures Launch in the UK

Bitcoin Futures Launch in the UK

Coinfloor have announced their group of cryptocurrency exchanges will now include Coinfloorex, a bitcoin futures exchange. Offering “institutional grade risk management and governance,” traders, hedge funds, and miners will get bitcoin futures “at scale” through “specifically designed cryptocurrency contracts and operational controls.”
Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining
Coinfloor Launches Physical Bitcoin Futures “Our mission is to build a bridge between Fiat currency and cryptocurrency,” Obi Nwosu, CEO of Coinfloor stressed, “to drive the stability and sustainability of cryptocurrency. Numerous market participants are calling on existing cryptocurrency exchanges that provide futures contracts to switch from cash to physical settlement. However, making that transition will be very difficult for them to achieve. We understood this requirement from the start, and have worked for over two years to bring this functionality to market. Now, institutio..

Markets Update: Crypto Assets Spike But Traders Are Skeptical

Markets Update: Crypto Assets Spike But Traders Are Skeptical

Most of the top crypto assets are seeing gains today as many cryptocurrencies suffered losses over the past week. BTC/USD markets reached a weighted average of $9,892 across global exchanges during the overnight trading sessions. This rise follows BTC/USD prices touching a low of $8,366 on March 9 and many other digital assets reaching lows as well. After most crypto-assets spiked during this morning’s early trading sessions, this afternoon a significant amount of them are seeing losses once again.
Also Read: Japan’s SBI Holdings Claims 40% Stake in Hardware Wallet Company
Monday’s Early Morning Spike Doesn’t Hold as Bears Claw Weaker Volumes The overall market capitalization of all 1500+ digital assets is roughly around $394Bn after a vast majority of cryptocurrencies shaved billions off their valuations over the past six days. During Sunday’s trading sessions on March 11, BTC/USD markets and many other cryptos started seeing some relief. Currently, BTC volume is decent as there’s ..

Markets Update: Crypto Values Drop to Lower Vantage Points

Markets Update: Crypto Values Drop to Lower Vantage Points

The price of cryptocurrencies across all markets has been dropping in value quite a bit over the past 48 hours. BTC/USD markets started tumbling on March 5, after the price reached a high of $11,650 during the evening trading sessions. Following the peak, the value dropped to $10,600 on March 6 losing $1,000 in value. Further, the next day on March 7 after the U.S. Securities and Exchange Commission (SEC) warned about unlawful trading platforms, BTC/USD values slid once again losing another 20 percent.
Also Read: Japan’s SBI Holdings Claims 40% Stake in Hardware Wallet Company
Cryptocurrency Markets Have Been in a Downward Slump Cryptocurrencies have lost some fiat value over the past few days as the entire market of over 1,500 digital assets has shaved billions off the overall market capitalization. Currently, the aggregated valuation of all digital assets is roughly $400 billion at the time of publication. At the moment BTC/USD markets are averaging $9,200, after coasting along at ..

PR: Betex Blockchain P2P Binary Options Platform Launches the Main Token Sale

PR: Betex Blockchain P2P Binary Options Platform Launches the Main Token Sale

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
Betex, the blockchain peer-to-peer binary options platform has launched its main ICO campaign on March, 1st, after successful completion of the two preliminary rounds. Betex is bringing transparency and fairness to the financial derivatives trading through the use of Ethereum smart contracts and letting the users bet against each other in a peer-to-peer way. The platform’s official launch is planned for the end of March, as of which the investors’ profits will already start accumulating.
The model of Betex is claiming to return credibility to the binary options market and has many key advantages compared to the traditional models. As a platform provider, Betex cannot engage in bettin..

Aussie Crypto Traders Expect Tax Crackdown Ahead of New Regulations

Aussie Crypto Traders Expect Tax Crackdown Ahead of New Regulations

With Australia set to introduce new legislation that will empower authorities to monitor and regulate the activities of cryptocurrency traders, many analysts are anticipating that the country’s bitcoin investors will face a crackdown from the the country’s tax office.
Also Read:Australian High School to Host Information Night on Cryptocurrencies
Australia to Expand Regulatory Domain Over Cryptocurrency Traders Australia’s new cryptocurrency regulations will see anti-money laundering legislation extended in order to greater encompass the challenges posed by virtual currencies. Analysts are expecting that the Australian Tax Office (ATO) will launch a crackdown on Australian cryptocurrency traders once the new rules are in effect.
Will Day, the ATO deputy commissioner, has stated that the extension of Australia’s anti-money laundering and counter-terrorism financing rules will result in “increased transparency” with regards to the operations of cryptocurrency traders. Cryptocurrency i..

Bangladesh Authorities on “Hunt” for Bitcoin Traders

Bangladesh Authorities on “Hunt” for Bitcoin Traders

Bangladesh – one of the few countries presently attempting to enforce a ban on cryptocurrency trading and use – has announced that several major state institutions will begin ramping up efforts to crack down on bitcoin adoption among Bangladeshi citizens.
Also Read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten
Bangladesh Central Bank Warns Financial Institutions Against Cryptocurrency Users Bangladesh Bank officials have again issued a warning pertaining to cryptocurrencies, this time seeking to deter the country’s banks from providing services to bitcoin users.
An official from the Bangladesh Financial Intelligence Unit (BFIU) told reporters that “Banks and other financial organizations of the country have been ordered to maintain a strict vigil on cryptocurrency trading. A circular will soon be sent out detailing the matter,” adding “There is no way to purchase these currencies legally through banking channels. Cybercrime investigators are working on the matter.”
B..

Hong Kong Crypto Traders Turn to U.S. Futures Markets

Hong Kong Crypto Traders Turn to U.S. Futures Markets

An increasing number of Hong Kong-based cryptocurrency traders are reportedly turning to U.S.-based bitcoin futures. The shift away from domestic markets has been spurred by a perception that the American futures markets receive greater regulatory oversight than Hong Kong’s unregulated cryptocurrency exchanges.
Also Read: Bank of Thailand Bans Banks From Cryptocurrency Activities
Demand for Exposure to U.S. Bitcoin Futures Markets Surges Among Hong Kong Traders The chairman of the Hong Kong Stockbrokers Association, Gary Cheung, told South China Morning Post that local futures brokers have reported an increase in trading activity on the American futures markets.
Mr. Cheung described the types of cryptocurrency typical traders seeking to access bitcoin futures markets, stating “There are two types of Hong Kong investors who like to trade US bitcoin futures. There are bitcoin miners and other investors who trade bitcoin and want to use the futures products to hedge. The others are nor..

India’s Tax Department Issues Notices to 100,000 Crypto Investors

India’s Tax Department Issues Notices to 100,000 Crypto Investors

India’s Income Tax Department recently announced that it has issued notices to 100,000 cryptocurrency investors. The announcement came in light of government surveys into the operations of multiple leading Indian exchanges that have revealed widespread tax evasion on the part of India’s cryptocurrency traders.
Also Read: India’s Finance Minister Confirms Crypto Not Recognized as Legal Tender, Media Panics
Indian Cryptocurrency Investors Accused of Tax Evasion India’s Central Board of Direct Taxes (CBDT) chairman, Mr. Sushil Chanda, recently told reports that the country’s Income Tax Department has issued approximately 100,000 notices to cryptocurrency investors.
“People who have made investments [in cryptocurrency] and have not declared income while filing taxes and have not paid tax on the profit earned by investing, we are sending them notices as we feel that it is all taxable,” said Mr. Chanda, whilst speaking at an ASSOCHAM event in New Delhi.
The chairman stated that the Incom..