Velvet.Exchange

2019-11-07 13:16:06 No major moves in the market: liquid cryptos are mostly in small reds with BTC -0.9%, ETH -1.5%. Last week hero, Stellar, went down even more than that indicating -5% in today's trades. What looks impressive is Tezos jump by +25% which can be explainde by the solid news flow the coin has generated recently: not only it has partnered with tZERO to tokenize real estate assets in the UK but yesterday one of the US major exchanges announced that Tezos will be implemented for retail payments in the country. The major idea behind investments in crypto remain intact — betting on those projects with some valid adoption strategies that deliver implementation track record. Open / Comment

2019-11-07 01:42:05 Today, the market went flattish: Bitcoin added +0.7% and rests somewhere around $9,400. Ethereum had quite a huge bump up to +2.0% at some stage, then returned lower, Bitcoin Cash rose even more +3.3% and Litecoin added a bit too +0.5%.

Charlie Shrem, crypto enthusiast, fuels the fire: "The best way to store Bitcoin is to hide from 5 to 10 BTC in a cold wallet, so that you can’t get access to them for 20 years. I really think that in 20 years 5-10 bitcoins will become the money that will change your life for the better. Everything else can be spent as you wish." Open / Comment

2019-11-05 19:59:55 Today, the main cryptocurrencies are on the uptrend, yet some losers are presented within the top 100 list. Bitcoin rose +0.6% and is wavering around $9,400. Ethereum added +1.9%, Bitcoin Cash stepped up a bit +1.0% and Litecoin got an even promotion, +2.9%. Today’s losers are mainly in 3rh tiers: Decred -7.9% and Chiliz -10.5%.

The UK’s tax agency has issued cryptocurrency tax guidance for businesses: Her Majesty’s Revenue & Customs (HMRC) issued a guidance for businesses and enterprises for crypto asset exchange tokens which it taxonomically separates from utility tokens and security tokens. Corporations engaged in trading exchange tokens, including selling goods or services for crypto or mining, are liable for tax payments. Most mining activities constitute a taxable event as a form of trade. The HMRC says at-home mining is not a taxable event, however. Open / Comment

2019-11-05 01:36:49 A move that may look provocative yet is fully in line with the company's legal position and commitments: a test wallet for the Telegram's Gram cryptocurrency has been released. TON made it available for public testing despite the promise to withhold distribution of the tokens until the case is settled with the SEC. Not breaking the rules, yet Pavel Durov keeps teasing the angry lion... Crypto market stats seem rather dull to us: the week started mostly in green, Bitcoin moved up +0.4% in the last 24 hours, staying near $9,200. Ethereum had a rise as well +1.1%, Bitcoin Cash followed up +0.9% and Litecoin significantly +4.0%. Open / Comment

2019-11-01 16:21:18 Ahead of the weekend, market turned a little greener: Bitcoin moved up +0.6% in the last 24 hours, reaching $9,200.
Ethereum had +0.6% as well, Bitcoin Cash on contrary continued yesterday’s downflow with -0.8% and Litecoin rose+0.4%.

Deputy finance ministers from France, Germany, Italy, Spain and the Netherlands have been meeting behind closed doors throughout October to devise a strategy to prevent Facebook from launching its proposed Libra cryptocurrency network among its 2.5 billion users next year. “The Paris-led coalition is encouraging EU governments to consider banning Libra altogether, according to eurozone diplomats and European Commission officials. But an outright EU ban seems problematic in the eyes of the Commission. Brussels would need a legal reason to prohibit the payment service and still needs more information to know what rules would apply to Libra.”

The Central Bank of China has launched a blockchain services certification program, and the authorities in Guangzhou will allocate $142mn to develop blockchain technologies. Meanwhile, the German government has confirmed that it is opposed to stablecoins and will not allow their competition with fiat currencies. Negatives and positives do come balanced these days. Open / Comment

2019-10-29 16:58:10 Bitcoin keeps strong at $9,400. Ethereum rose +1.6% over the day, and Bitcoin Cash added as much as +7.2%.
Twitter will never join Libra, Twitter founder and CEO Jack Dorsey said. “Hell no,” Dorsey answered the journalist’s question. Dorsey believes that Zuckerberg’s policies pursue US values, while Twitter caters to a global audience. The Internet itself is a kind of nation-state, according to the creator of Twitter.
He also expressed distrust of the payment system Facebook aims to launch. “This is not an open standard that has appeared on the Internet. This is the fruit of the company's intentions, and this does not correspond to what I personally believe in and what I want our company to uphold.” Well, Jack has been long know as one of crypto adherents, and Libra would gain a lot from his support once receiving an enDorseyment Open / Comment

2019-10-28 19:08:47 With the beginning of a new week, the market is pulling up to new heights.
Bitcoin fights for its five digit status reaching $9,400. Ethereum steadily goes up +2.2%, Bitcoin Cash rose +6.7% and Litecoin had +4.1%.
CEO of China Inc., Xi Jinping recently said that the country should focus on accelerating the adoption of the blockchain architecture to ensure its use in financial transactions, saying that promising technology can lay the foundation for solving the problems of the real economy. Xi stressed that the country should "take a leading position in the still emerging blockchain industry." Markets clapped loudly. Open / Comment

2019-10-25 17:22:30 Friday brings us stark contrast — today the market is green.
Bitcoin somewhat recovered up to $7,600 with +1.6% in the last 24 hours. Ethereum slowly rising too +2.5%, Bitcoin Cash rose +3.8% and Litecoin had +2.2%. Those who eye the Satoshi View fork may enjoy the coin lifting by as much as 17% d-o-d.
Investors of both rounds of financing the TON project by a majority vote refused to demand a return on the money invested in the project and agreed to wait until the launch of the blockchain platform until April. Sceptics tend to believe that the SEC move came as a perfect rescue operation for the project not yet ready to be deployed. Open / Comment

2019-10-24 19:13:23 The market continued its dance in red in early trading hours: Bitcoin had a stop (a temporary one, some observers say) at $7,500 and lost about 3% on top of its yesterday slide.
Ethereum looker resistant compared to BTC. "One of the untold stories of the past few years is that the CFTC, the Treasury, the SEC and the NEC director at the time, Gary Cohn, believed that the launch of bitcoin futures would have the impact of popping the bitcoin bubble. And it worked."" — said former CFTC Chairman J. Christopher Giancarlo. Open / Comment

2019-10-23 18:15:23 Today the market is heavely red and most currencies are falling: Bitcoin dropped over 8% to $7,5000. Ethereum, XRP and Litecoin all are 8-9% down the last 24 hours. Tether jumped to #4 in terms of volumes (over $24bn in daily volumes), basically indicating that all non-BTC assets are sold for USDT rather for Bitcoin.
Andreas Antonopoulos, the author of Mastering Bitcoin, recently spoke about Bitcoin as a medium of exchange, a unit of account, and a reserve currency. He said, “It has the most exchanges and trading pairs against fiat currencies and other cryptocurrencies and it has the largest market capitalization, which therefore makes it by default the reserve currency of the Internet of Money. Will it stay like that, we don’t know but right now Bitcoin is the reserve currency”. The guy's views are intact!
Ethereum futures are likely to appear in a period of six months to a year, says Tarbert, chairman of the US Commodity Futures Trading Commission (CFTC). Good chances to boost ETH prices closer to once-seen four digits. Open / Comment