Status

Bitcoin is not Completely Banned in China: Beijing Arbitration Commission

Source Node: https://cryptopotato.com/bitcoin-is-not-completely-banned-in-china-beijing-arbitration-commission/
Time Stamp: August 1, 2020 11:04 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

China has no reservation against ‘Bitcoin activities as virtual commodities,’ the Beijing Arbitration Commission (BAC) said in a report today. The report also added that the country’s laws and regulations ‘do not prohibit’ private possession and legal circulation of BTC.Bitcoin Is Not A Currency, But A ‘Virtual Commodity’Today local non-profit arbitration organization, the Beijing Arbitration Commission, pointed out in a report that Bitcoin cannot be used as a currency. It is not a legal tender and is not issued by China’s apex monetary authority.Overall, BTC doesn’t share the same legal

Bitcoin Whales Are Accumulating More Than 50,000 BTC Every Month: Report

Source Node: https://cryptopotato.com/bitcoin-whales-are-accumulating-more-than-50000-btc-every-month-report/
Time Stamp: August 1, 2020 7:11 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The latest data suggests that Bitcoin’s recent bullish stint has excited large scale investors. Whales have been accumulating copious amounts of BTC in anticipation of a larger rally. Also, there’s an almost 38 percent increment in Bitcoin addresses holding more than $1 million worth of BTC.Bitcoin Hodler Net Position Change Remains PositiveData from on-chain analysis and crypto market insights provider, Glassnode suggests that Bitcoin’s recent rally hasn’t induced much of a selling reaction from long-term investors.Bigshot market participants are holding tight and eagerly waiting to reap greater profits from further

Crypto Attorney Kyle Roche Discusses Class Action Lawsuit

Source Node: https://insidebitcoins.com/news/crypto-attorney-kyle-roche-discusses-class-action-lawsuit/257361
Time Stamp: April 9, 2020 10:55 AM - Modified On: May 21, 2021 - Published By:
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Kyle Roche, a partner at law firm Roche Cyrulnik Freedman recently opened up about 11 class-action lawsuits against top crypto companies. The firm, alongside Selendy & Gay, has filed lawsuits against crypto exchanges as well as ICO tokens. Defendants include Tron, Status, Bancor, and Block.One alongside their executives.Bringing lawsuits against crypto head honchosThe 11 class action lawsuits follow the SEC’s guidance that ICOs are unregistered securities offerings in the US and all ICO issuers and exchanges must be registered with the SEC. The defendants in the case include Changpeng Zhao,

Tim Draper Suggests COVID-19 Pandemic Could Be Bitcoin’s Tipping Point

Source Node: https://insidebitcoins.com/news/tim-draper-suggests-covid-19-pandemic-could-be-bitcoins-tipping-point/257242
Time Stamp: April 8, 2020 11:44 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The 2020 stock market crash was triggered by the coronavirus pandemic that has affected two of the biggest economies in the world, the US and China, the most. Now that the number of infections and deaths is rising in the US, Bitcoin’s status must be tested too.Tim Draper talks BitcoinThe US economy may need as much as $7 trillion+ in bailouts to continue sustaining. Longtime Bitcoin bull Tim Draper said that this could give cryptocurrencies and other emerging technologies a chance to flourish. He talked specifically about Bitcoin and smart

Investigating Digital Assets in Japan Stymied by Nature of Crypto

Source Node: https://cointelegraph.com/news/investigating-digital-assets-in-japan-stymied-by-nature-of-crypto
Time Stamp: April 6, 2020 10:06 PM - Modified On: May 21, 2021 - Published By:
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According to top government officials in Japan, the current national tax system is not yet capable of accepting declarations of digital assets, potentially leading to outflows overseas.In a Q&A session at the Financial Statements Committee on April 6, Representative Shun Otokita of the Japan Innovation Party pointed out the importance of market research for the introduction of separate taxes for crypto currencies.Otokita was concerned with the current high-tax system in Japan. He acknowledged that it would be difficult to quickly change the tax code to apply to digital assets, and

Introducing the new Blockchain.com monthly newsletter — April Edition: “After the Dust Settles”

Source Node: https://medium.com/blockchain/introducing-the-new-blockchain-com-monthly-newsletter-april-edition-after-the-dust-settles-53995c8fc2af?source=rss----8ac49aa8fe03---4
Time Stamp: April 6, 2020 12:38 PM - Modified On: May 21, 2021 - Published By:
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The quality of information and data in crypto has improved in recent years, so you may be asking why another monthly newsletter?There are still some big data and analysis gaps in crypto. Crypto markets are nowhere near as widely served with reliable research and data as traditional markets. Indeed, the March 12–13th crypto stress test demonstrated there are also still some very significant issues with the state of crypto exchange infrastructure.What you can expect from our monthly newsletterOur intention with this newsletter is to avoid repeating what you can find

Revised Crypto Laws in Japan to be Enforced Starting May 1

Source Node: https://cointelegraph.com/news/revised-crypto-laws-in-japan-to-be-enforced-starting-may-1
Time Stamp: April 6, 2020 12:39 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

New laws for regulating cryptocurrencies in Japan will start to be enforced next month.The Payment Services Act (PSA) and Financial Instruments and Exchange Act (FIEA), two of the pieces of legislation passed by the Japanese House of Representatives last year to regulate crypto, were scheduled to come into effect starting in April. However, with unexpected delays, no enforcement date had officially been set until last week.In the April 3 edition of an official government newsletter, it was announced that the revised versions of the PSA and FIEA would be enforced