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More Turmoil for Bitcoin As Merkel and Macron Propose Regulation

merkel and macron bitcoin regulation

In another moment of noted reaction in the world of the crypto-craze, the advocates of cryptocurrency have expressed fear upon the announcement of possible crypto regulation by Angela Merkel, German Chancellor and her counterpart, Emmanuel Macron, President of France.

The pair met January 19 2018, to discuss what many governments are coming to view as an unavoidably thorny issue. The decentralized nature of Bitcoin and other cryptocurrencies, especially when coupled with the inherent volatility of market sentiment and potentially delusional public enthusiasm for crypto, has finally made it to the agenda of world leaders.

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US Cryptocurrency Regulation: Policies, Regimes & More

us cryptocurrency regulation

Over the past few years, cryptocurrencies have gained maximum momentum. Their adoption rate is increasing exponentially with no signs of stopping. As a consequence, the Fintech enterprise is experiencing massive transformation, and its effects ripple across multiple industries.

Let’s just wind the clock back to 2009.

The inception of Bitcoin was just the primum movens, the initial force that triggered massive innovation in a field previously unknown to humankind. The success of cryptocurrencies has been such that today, the total market cap is equating $740 billion, with more than 1400 different crypto-coins and tokens, and tens of thousands, possibly even millions of new jobs created.

At this point, it’s safe to say that cryptocurrencies are not going anywhere.

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3 Major Theories Behind Bitcoin Volatility

bitcoin volatile price

What would be the reasons for the unpredictable price variations of Bitcoin? There are millionaires who appear to not know about this major issue.

In reality, every cryptocurrency blogger would have their set of arguments. But, aren’t we all tired of reading really long articles where they express their opinions based on freedom of thought?

So, let’s cut to the chase and identify the theories which could have shaped their thoughts.

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Wall Street Strategist Tom Lee “Aggressive Buyer” during Bitcoin Major Low

bitcoin trading

On January 9, 2018, Tom Lee spoke optimistically of Bitcoin in an interview with CNBC, expressing his opinion that the digital currency could “easily double” in value over the course of the year.  

Here’s what the expert investor and co-founder of Fundstrat Financial Advisors had to say:

“I still think it’s pretty early days for investors to really appreciate how much development and actual use cases are being built around Bitcoin and blockchain, so I think the volatility we’re seeing is really just a price discovery process.”- Tom Lee

At the time of the interview, Bitcoin was down 25 percent since its highest point near $19,800 in December 2017. It has since dropped a further 25 percent, reaching a low under $10,000. The price of Bitcoin has since recovered reasonably and is trading at $11,680 at the time of writing.

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South Korea’s Government Switches To A Softer Stand On Cryptocurrency Ban

south korea crypto regulation

If you’re a crypto investor currently residing in South Korea, the past few days must have been quite a turmoil. Especially after the senior minister in the federal government went on record saying that an outright ban approach on cryptocurrency trading was still very much a “live option.”

Expectedly, the minister’s comment created panic among a sizeable chunk of the investor community who then went on selling off their crypto holdings in anticipation of an imminent crackdown. However, now it turns it out that the panic was probably more of an overreaction as the government has since virtually ruled out an outright ban in the immediate future.

The South Korean Office for Government Policy Coordination issued a statement on Monday hinting that the crackdown on crypto assets won’t necessarily come imminently.

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How to Buy Bitcoins With Cash: A-Z Guide on How to Buy Bitcoins Offline

buying bitcoins with cash

Typically, in the financial industry, these sort of purchases are called over-the-counter transactions.

There, of course, exists a multitude of other reasons why someone would want to procure their Bitcoin in this fashion too. The primary reason among these would be that the underlying principle of a digital currency has always encouraged Bitcoin to be used in lieu of cash, not as a traded asset exclusive to large and often restrictive exchanges.

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What Will Be the Impact of Putin’s Proposed Multinational Cryptocurrency?

russian ruble cryptocurrency

Vladimir Putin has shaken up the status quo with a unique and undoubtedly brilliant take on things, in this case, the cryptocurrency market.

The president of the Russian Federation has proposed nothing less than a multinational cryptocurrency, with the express purpose of forging a connection between the world’s emerging economies.

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An Introductory Guide to Cryptocurrency Regulation

regulations

Right off the bat, this article has no intention of digging deep into the legal nature of cryptocurrencies or deconstructing specific national regulations, but rather it strives to paint a general picture of the regulatory approaches undertaken by governments all over the world, and the problems they’re currently facing.

More importantly, it aims to equip you with sufficient knowledge of the legal intricacies surrounding Distributed Ledger Technology frameworks, so you can get a general sense of the direction which government regulators are taking in regard to cryptocurrencies and distributed ledger technology.

Hopefully, this will allow you to better manage your expectations and predictions about the pace and direction this stochastic industry is about to take in its future development.

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Lightning Network: The Guide That Tells Everything You Need to Know

lightning network

On August 24, 2017, an expansion of the Bitcoin network to enable the accommodation of the vastly increased customer base and transaction volumes was carried out. This Segregated Witness (also known as SegWit) implementation was a soft fork change in the transaction processes of Bitcoin.

SegWit was implemented in order to make Bitcoin transactions less malleable and more adaptable to enhancement in the size of the blockchain to increase transaction speeds. It had become clear that a new technology was needed for Bitcoin: one that could provide an extra layer to the existing blockchain to make transactions cheaper and quicker, without altering the basic structure or existing security backing of the network. 

SegWit was thus produced to make the development of such technology possible.

The technology that was proposed to address these issues with Bitcoin was the Lightning Network.

Continue reading Lightning Network: The Guide That Tells Everything You Need to Know

Here’s What You Need to Know Before You Invest in an ICO

how to invest in an ICO

The price of Bitcoin has surged from just over $1,000 in the beginning of 2017 to over $15,000 in 2018. Many other cryptocurrencies have followed very similar trends. As a result, it is only natural that ICOs have witnessed a huge flurry of attention from people in just about every corner of the world.

ICOs have captured the attention and interest of millions. Everyone from seasoned investors to curious newbies trying to get their feet wet seems to want to get involved –  and it’s no surprise why.

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