Chinese Crypto Miner Predicts That Bitcoin Could Reach $740K

Zhu Fa, co-founder of Poolin, a Chinese-based crypto mining pool, predicted that the Bitcoin (BTC) price could hit 5 million Chinese yuan ($738,000 (USD), crypto news outlet 8BTC reported on Feb.11. While Zhu noted that “it now feels more like a bear market,” he reportedly predicted that in the next bull run, prices will be 10–20 times higher than previous ones. Zhu also noted that massive prices spikes like the one that resulted in the $20,000 per BTC high in 2017, will not always exist, adding that the next bull…

Global Blockchain in Energy Utilities Market to Grow 60% by 2024

The global blockchain in energy utilities market is expected to grow by 60 percent by 2024, according to a new report from Infoholic Research LLP published on Feb. 15. Per the report, the global blockchain in energy utilities market was assessed to be $210.4 million in 2018, and is expected to reach $3.4 billion by 2024. Infoholic Research thus predicts the growth at a compound annual growth rate of 59.4 percent during the period from 2018 to 2024. The report also notes that the key driver of growth in the…

New Legislation Recognizes Crypto as Trading Commodity

Indonesia has introduced new legislation that recognizes Bitcoin (BTC) as a trading commodity, Asia-oriented news outlet KrASIA reported on Feb. 15. Indonesia’s Commodity Futures Trading Regulatory Agency, also known as Bappebti, initially signed a decree to make cryptocurrency a commodity future legally tradable on stock exchanges last June. The agency then stated that the Indonesian government would soon release corresponding legislation regulating currency exchange companies, taxation, and other related issues. Today, Bappebti reportedly approved regulation No. 5/2019 that recognizes Bitcoin and other digital currencies as a trading commodity. The legislation…

Coinsquare Acquires StellarX | Canadian Exchange Takes Over

Canada’s largest crypto exchange Coinsquare has acquired the StellarX DEX according to a press release published yesterday. Under the terms of the agreement, StellarX will become a fully-owned subsidiary of Coinsquare and will now need regulatory approval to operate its service under the Coinsquare umbrella. Coinsquare Acquires StellarX Based in Bermuda, StellarX describes itself as “the first decentralized crypto platform with global fiat gateways. You can trade Bitcoin for Euros for Chinese Yuan on StellarX. That’s not possible anywhere else.” Developed as an on-ramp for traders, customers have the ability to deposit fiat money directly…

Apple Notes Blockchain Guidelines in Recent SEC Filing

Tech giant Apple has mentioned its work in forming the Blockchain Guidelines of the Responsible Minerals Initiative (RMI) in a filing with the United States Security Exchange Commission (SEC). The document, entitled “Conflict Minerals Report” was published on Feb. 15. In general, the document pertains to Apple’s business practices and ethics in sourcing minerals for its various consumer electronic devices. Apple states that it is “committed to going beyond the minimum requirements in order to meet and exceed internationally accepted due diligence standards and protect people in its supply chain…”…

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price Analysis, February 15

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. United States banking giant JPMorgan Chase, whose CEO has been one of the most vocal critics of cryptocurrencies, has announced the launch of its own cryptocurrency, named “JPM Coin.” This clearly shows that many criticize the technology as they do not understand it, but…

Crypto Markets Continue to See Mixed Signals, Dow Jones Up Over 360 Points

Feb. 15 — crypto markets have continued trading sideways after hitting a multi-month high of daily trading volume of more than $36 billion yesterday, according to CoinMarketCap data. Market visualization from Coin360 Bitcoin (BTC) is slightly down over the past 24 hours, and is trading at $3,626 at press time. At press time, the biggest cryptocurrency is up around 0.41 percent over the past 7 days, while down some 0.1 on the day. On Feb. 11, Bitcoin transaction fees saw a new low point. Bitcoin 7-day price chart. Source: CoinMarketCap…

Litecoin (LTC) Up 26.3% In the Last Week, What’s Bogging Down Price?

Litecoin prices up 26.3 percent Adoption levels on the rise Transaction volumes low but up from Dec 2018 Despite short-term sell pressure, Litecoin (LTC) is on the rise and adoption levels picking up. We can only conclude this as bullish and a pre-requisite for higher highs above $50. Litecoin Price Analysis Fundamentals The price of a digital asset, a product of supply-demand dynamics, is one of the many metrics of gauging performance. Fashioned as silver to Bitcoin gold, Litecoin is perhaps one of the few coins to gain widespread adoption.…

Japan Economic Alliance Asks Financial Regulator FSA to Reduce Tax on Crypto

The Japan Association of New Economy (JANE) has asked the Japanese Financial Services Agency (FSA) to reduce the current tax rate for crypto trading income, Cointelegraph Japan reported on Feb. 14. Led by Hiroshi Mikitani, the CEO of Japanese e-commerce giant Rakuten, JANE has reportedly sent a proposal request to the country’s financial regulator asking them to tax crypto in compliance with progressive taxation instead of general taxation. According to the article, income from trading cryptocurrencies is currently taxed at 55 percent. Imposing progressive taxation on crypto gains intends to…

Bank-Issued Digital Assets A Deeply Misguided Idea

Ripple price edge lower Brad Garlinghouse says bank issued currencies doomed to fail Transactional volumes low JPM Coin is a bank-issued coin, but it will fail if we factor in Brad Garlinghouse analysis. A synergy is mandatory, and Ripple’s InterLedger Protocol can solve their need. Meanwhile, XRP prices are down and trending inside Feb 8 high–low. Ripple Price Analysis Fundamentals Back in 2017, David Schwartz, Ripple’s Chief Cryptography officer conceded that it would be years before banks adopt distributed ledger technologies. Backing his reasons were scalability and privacy issues. That…