Autorité des marchés financiers (AMF), the independent regulatory body governing France’s stock market, issued two statements today, one on initial coin offerings (ICOs) and another on the prospect of bitcoin derivatives. Both point to more oversight to come for crypto in France, including everything from formal authorizations to a ban on advertisements.   Also read: How To Regain Control From Nanny Zuck France Cracks Down on Bitcoin Derivatives AMF, France’s markets regulator, insists bitcoin derivatives are subject to the European Union’s Markets in Financial Instruments Directive (MiFID II) which trigger all manner of new rules and authorizations. In its 22 February published missive, “The AMF considersRead More →

The Russian Ministry of Finance is not against a national cryptocurrency, provided the state does not participate in it. The creation of a centralized coin, like the cryptoruble, seems impossible, as cryptocurrencies are based on decentralized ledgers, Finance Minister Anton Siluanov told President Putin, according to Russian media.   Also read: Russian Authorities Criticized over Proposed Crypto Regulation Educating the President Responding to Vladimir Putin’s request to study possibilities to emit а so-called “cryptoruble”, Minister Siluanov has tried to educate Russia’s head of state on the nature of cryptocurrencies. In a letter dated January 29, 2018, he says Minfin would not object to a privateRead More →

The state of California has introduced a new bill that aims to recognize blockchain transactions, digital signatures, and smart contracts as a legal form of record. Assemblyman Ian Calderon introduced Assembly Bill 2658 on February 20 in order to re-define laws that apply to electronic records that take place within the state.   Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten California State Assembly Person Introduces Blockchain Record Keeping Bill   An American lawmaker serving in the California State Assembly in the 57th district, Ian Calderon, wants blockchain records, and smart contracts to be covered under California law. Calderon, a Democrat from theRead More →

Taiwanese police have arrested four men after a bitcoin robbery worth five million Taiwanese dollars (approximately $170,000 USD). The case has been described as the first of its kind in Taiwan by authorities. Also Read: Bungling Bitcoin Thieves Foiled by Quick-Witted Trader  Taiwanese Trader Loses 18 Bitcoins in Robbery A bitcoin trader with the surname of Tai has become the victim of Taiwan’s first crypto robbery. Taiwanese Police have stated that three men in their early 20s arrange to meet Mr. Tai in the city of Taichung under the pretext that they were wanting to purchase bitcoins from him. Once Mr. Tai had evidenced that heRead More →

A proposal to “tame” crypto technologies in Crimea has been made in Russia’s parliament this week. A local representative of the Russian Association of Cryptocurrencies and Blockchain told deputies the republic’s jurisdiction can be used to “test the new phenomenon”. RACIB has been working on a roadmap to implement the “Crypto-Crimea” plan and set up a blockchain technology development center on the peninsula. Also read: Russian Authorities Criticized over Proposed Crypto Regulation Testing Ground with а Special Status Ever since its accession to the Russian Federation in 2014, Crimea has existed in somewhat extraordinary circumstances, putting up with its special status, in both political andRead More →

24 hours of reconciliation It took all of 24 hours for the results of the rationality test to kick in after traders took time to the read the minutes from Wednesday. Not a heck of a lot has changed in the Feds view. The minutes were far more balanced than the equity market sell-off suggested. The discussions about their inflation target being symmetric indicate that the Feds are less concerned about the updraft from inflationary pressures than current market pricing. Overall there were few if any significant hawkish shift and traders have started to nimbly re-engage the US dollar downside not waiting until Powell’s keyRead More →

Venezuela’s president Nicolas Maduro has ordered the country’s consular services, as well as several other services and gas stations, to accept any cryptocurrency including the nation’s own petro. In addition, he has announced the launch of another cryptocurrency, this time backed with gold. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Maduro’s Orders Maduro has ordered various government services to accept any cryptocurrency including the petro, Venezuela’s oil-backed currency which began its private pre-sale on February 20. This announcement was broadcasted nationwide from the Miraflores Palace and also reported on the website of the Superintendency of Cryptocurrencies. The president said: I order the paymentRead More →

CryptoCurrency Daily Recap 22nd FEB Ethereum / Dollar BITFINEX:ETHUSD CryptForecasts Long term view for BTC is bearish . Currently BTC             is trading below 50 MA and also below 100 MA. BTC             is currently trading at 10107 and holding both support and psychological level at 10000. Having said that it seems there are still some gas left in BTC             , means BTC             is expected to bounce back again from this level and trade between 10K and 12K for some time before turning back. BCH looks pretty grim with “death cross” MA 40/MA 80, price at MA 80 level was rejected by market.Read More →

USD is on the Down Fall U.S. Dollar/Japanese Yen FX:USDJPY anonymousmoneymaker U.S. Government is after a weak U.S. Dollar to bring more business opportunities to the country. Dips and Down trends will continue through out 2018. Add me on INSTEGRAM if you like my posts! (anonymousmoneymaker)Read More →