Oct. 28-Nov. 3 in Review

Brazil has seen another tumultuous week in the cryptocurrency industry, as the alleged pyramid scheme Atlas Quantum upsets it customers yet again, another six individuals linked to the Unick Forest crypto scheme are arrested, and the founder of A2 Trader challenges Brazilian regulators to shut down his trading website. Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Brasil. Atlas Quantum upsets customers, as it buys BTC for $5,500 and resells for $11,710  The alleged pyramid scheme, Atlas Quantum, a Brazilian platform…

As Bitcoin Price Consolidates, Litecoin Looks Ripe for Massive Gains

Bitcoin price (BTC) failed to ignite much interest as October closed.  There are approximately 194 days left until the next Bitcoin halving, which probably feels like an eternity away for those involved with the crypto space.  This week there was also a surplus of negative news events like the Bitmex email leak and the Coinbase flash crash that caused mass liquidations on Deribit. So can we really expect Bitcoin price to do anything spectacular in the short term?    Daily crypto market performance. Source: Coin360.com BTC USD daily chart. Source: TradingView…

Oct. 28–Nov. 3 in Review

The Spanish-speaking world has seen major cryptocurrency and blockchain developments with the Argentinian tax agency applying taxes to transactions with e-wallets, the central bank of Argentina tightening its restrictions on exchanges, and the Dash Latam community ceasing its operations. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. The Argentinian tax agency will apply taxes to operations with electronic wallets In Argentina, the Federal Public Revenue Administration (AFIP) will apply a value-added tax (VAT) and income tax withholding regime for…

British Tax Authority Updates Cryptocurrency Guidelines, Says It Is Not Money

The United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs (HMRC), has updated its cryptocurrency taxation guidelines for businesses and individuals. On Nov. 1, the U.K. government tax agency, which manages taxes alongside other financial policies, released tax guidance updates that further clarify its stance on how businesses and individuals involved with cryptocurrency will be taxed.   Crypto is not money or currency The guidelines set out HMRC’s view on cryptocurrency transactions, which taxes apply, how to file tax returns and accounting practices, among others. It also considers…

Top-5 Cryptos This Week: TRX, BCH, HT, XLM, XMR

The crypto space is taking a breather after the recent sharp run. However, Binance CEO Changpeng Zhao (CZ) recently tweeted that he is positive that Bitcoin (BTC) will resume its rally to $16,000 “soon-ish.” This suggests that CZ believes the market has bottomed and is in the process of resuming the uptrend. Furthermore, the long-term price action of Bitcoin shows that it has outperformed the S&P 500 since 2003. In other crypto-related news, French high school students will now be taught the basics of Bitcoin and its effects on the…

Bitfinex Crypto Exchange Moves $1.5M of Stablecoin to Bitcoin Sidechain

Cryptocurrency exchange Bitfinex moved 1 .561 million Tether (USDT) from the Omni Protocol to the Liquid Bitcoin (BTC) sidechain. Bitfinex CTO Paolo Ardoino announced the U.S. dollar-pegged stablecoin’s protocol swap on Twitter on Nov. 2. The conversion increases the quantity of USDT available on the network after the stablecoin was first launched on the Liquid sidechain at the end of July. Ardoino said that the development will have a beneficial effect on the protocol: “Liquid sidechain has now more liquidity for atomic swaps and cross-exchange arbitrage.” A sidechain in rapid development…

Hodler’s Digest, Oct. 28–Nov. 3

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week BitMEX investigating “extent of impact” after mass email leak Think you’ve had a challenging week? Spare a thought for BitMEX. First, the crypto derivatives exchange accidentally leaked its users’ email addresses by forgetting to BCC them on a mass message. Crypto lawyer Jake Chervinsky described…

Reggie Middleton Reaches $9.5 Million SEC Settlement Over ICO Fraud

The U.S. Securities and Exchange Commission (SEC) said it has reached a settlement with Reggie Middleton, organizer of the fraught $14.8 million Veritaseum (VERI) initial coin offering (ICO). In a filing with the New York Eastern District Court, dated Oct. 31 and published today, Middleton agreed to the consent decree of the final judgment, without having to admit or deny the allegations, while waiving any right to appeal. The settlement came three weeks after the court announced that it had entered into a discussion with Middleton to settle the case. The…

Regulated ETH Futures? Not So Fast

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. Earlier this month, Heath Tarbert – the new chairman of the U.S. Commodity Futures Trading Commission (CFTC) – declared that ether, the token of the ethereum blockchain, was a commodity. This is significant, coming from the regulator of one of the largest…

New Blockchain Tool Promises Verifiable Audits in 30 Seconds

Accounting and business consulting firm Armanino launched a new blockchain-based tool Wednesday promising firm-originated financial audits in seconds. Called TrustExplorer 2.0, the product is one of several promising to overturn how accounting is done within companies. Which is hardly surprising: by definition, “ledger technology” should improve accounting and provide a competitive threat to the way things are done today. Blockchain and accounting are made for one another, as much of the industry acknowledges. Aramamino’s TrustExplorer is an auditing protocol offering real-time, distributed, and final audits, according to Armanino partner Andries Verschelden. “We have…