Indian Government Plans a Ban on All Cryptocurrencies – Report

Indian Government Plans a Ban on All Cryptocurrencies – Report   Indian Government departments have started to discuss a draft bill to ban cryptocurrencies, titled “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019″, and have allegedly already authorized a complete ban on all cryptocurrencies, according to the Indian daily newspaper, The Economic Times. Quite a few departments have joined the meeting and endorsed the proposal to ban all “sale, purchase and issuance of all types of cryptocurrency,” the report citing an undisclosed government official. The committee, which…

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Crypto Pay Coming for Millions of Japanese Rail Passengers.

Crypto Pay Coming for Millions of Japanese Rail Passengers.   Japanese commuters could soon be able to pay for their journeys in a range of cryptocurrencies and stablecoins. Cloud and internet service provider IIJ has unveiled plans to work with the East Japan Railway Company(JR East) on a project that will allow travelers to pay for train tickets or at station shops and kiosks using cryptocurrencies, per ANN News. JR East is one of Japan’s biggest train operators and runs six of the country’s 10 busiest stations, according to Nippon.com. Fresh from being handed an operating…

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Bitcoin Falls Under $4,000 as United States Oil Rises

Bitcoin Falls Under $4,000 as United States Oil Rises   Tuesday, March 26 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time, as Bitcoin (BTC) has fallen under $4,000 again. Bitcoin is down over a percent on the day, trading at around $3,967, according to CoinMarketCap. Looking at its weekly chart, the current price is over two percent lower than $4,060, the price at which Bitcoin started the week. Recently, crypto bull Tim Draper has given advice to the president of Argentina to legalize Bitcoin in order to improve the economic…

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QuadrigaCX Would Never Have Lost Crypto Keys Had It Been in Bermuda, Says Premier.

QuadrigaCX Would Never Have Lost Crypto Keys Had It Been in Bermuda, Says Premier.   The Premier of Bermuda, David Burt, has argued that a QuadrigaCX-like situation could not have happened in Bermuda because of the country’s existing legislation in regard to cryptocurrencies. Burt made his statements in an interview on Fortune’s “Balancing the Ledger” show on March 25. Burt delivered his comments following QuadrigaCX’ founder, Gerald Cotten’s sudden death last December, and financial difficulty the exchange subsequently faced. QuadrigaCX has not been able to access its cold wallets where it kept most of its…

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Changes Coming for Crypto in Japan – and Beyond?

Changes Coming for Crypto in Japan – and Beyond?   Regulatory changes are afoot in Japan, and if the country’s government has its way, the entire crypto-universe may be affected. Per a report from Sankei News, Prime Minister Shinzō Abe’s government wants the forthcoming G20summit in June this year to place cryptocurrency regulations high on the agenda. Abe will have considerable sway at the summit, which will be held in Osaka. Abe’s administration has already been particularly vocal about the need for an international consensus on cryptocurrency regulation and taxation in previous G20 ministerial…

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China Launches its First Blockchain-based Platform for Subway Electronic Invoices

China Launches its First Blockchain-based Platform for Subway Electronic Invoices   China is one of the global leaders in the blockchain space. According to data released recently by the UN World Intellectual Property Organisation (WIPO), China filed a whopping 960 patents based on blockchain technology in 2018, highest by any country. In fact blockchain technology at large has been growing tremendously across the globe. Several types of research and surveys conducted on and for the platform have shown overwhelming results. This has lead to the adoption of technology in various…

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Ether Remains Stable After Reaching Constantinople

Ether Remains Stable After Reaching Constantinople. The ether price remains (UTC 05:50 AM) almost unch anged after the Ethereum platform has successfully activated the Constantinople and St. Petersburg network upgrades at block number 7,280,000 ten hours ago.   Ether price chart:     Meanwhile, history suggests that the price could drop following the hard fork, even though reducing the influx of new ether should drive up the price thanks to supply and demand laws. With the upgrade, the Block Reward Reduction (aka the Thirdening) has been implemented – the reward for mining…

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Bitcoin Price Drops to New Yearly Low at $3,200: What’s Causing the Decline?

Bitcoin Price Drops to New Yearly Low at $3,200: What’s Causing the Decline?   On December 14, following a fairly large sell-off from the $3,400 region, the Bitcoin price dropped to a new yearly low at $3,200. As Bitcoin (BTC) declined in value, other major cryptocurrencies including Ethereum (ETH), Stellar (XLM), and Bitcoin Cash (BCH) experienced large losses against the U.S. dollar, with BCH falling by more than 11 percent. Within a seven-day period, the Bitcoin Cash price` has fallen from $116 to $89 by more than 25 percent despite…

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Cryptocurrency Bull Tom Lee says Bitcoin’s Fair Market Price is $14,800

Cryptocurrency Bull Tom Lee says Bitcoin’s Fair Market Price is $14,800.   Bitcoin’s dismal price of roughly $3,400 is wrong because its actual fair market value is $13,800 to $14,800, says bitcoin bull Tom Lee. The Fundstrat founder said he made the assessment by considering the number of active wallet addresses, usage per account, and supply metrics. Fair value is significantly higher than the current price of Bitcoin,” he wrote in a note, as reported by Bloomberg. “In fact, working backwards, to solve for the current price of Bitcoin, this…

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Japanese Regulator Aims to Reduce Crypto Tax to Revitalize the Market

Japanese Regulator Aims to Reduce Crypto Tax to Revitalize the Market In October, the government of Japan hinted its plans to ease the process of taxing crypto investments to refrain impractical taxation frameworks from negatively affecting the local market. At the time, a committee of tax experts that is tasked to advise the government on taxation matters encouraged the authorities to simplify the complex process of disclosing taxable amounts that occur in investing in the crypto market. Prior to that, a local analyst said: “If the rapid growth of the cryptocurrency sector in late 2017…

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