BitMEX to Provide Cryptocurrency Data via Terminal

BitMEX, a cryptocurrency exchange and derivative trading platform, now provides cryptocurrency data to Refinitiv’s Eikon Terminal, a spin-off from the main rival of Bloomberg’s well-known financial data terminals. CryptoCompare, a crypto market data firm that has a long-standing partnership with Refinitiv, facilitated the collaboration between the terminal and exchange, according to CryptoCompare’s CEO Charles Hayter. ...

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Op Ed: Three Things to Watch for in Upcoming IRS Cryptocurrency Guidelines

For the first time in more than five years, the IRS plans to release further cryptocurrency tax guidelines, according to Commissioner Charles P. Rettig. This guidance comes at the urging of tax professionals and consumers as the crypto and blockchain ecosystem has rapidly evolved in recent years. According to Rettig, the IRS is working on providing clarity for “acceptable methods ...

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Iranian Cryptocurrency Miners May Lose Subsidized Electricity

Cryptocurrency miners in Iran could be charged with higher electricity bills should the country’s government begin calculating their electricity prices in “real prices,” according to The Financial Tribune. Iran’s Deputy Energy Minister Homayoun Haeri is pushing for cryptocurrency miners to pay power bills at rates equivalent to those charged for electricity exports, per the report. Crypto miners would no longer ...

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India Proposes 10-Year Prison Sentence for Crypto Use

A law has been proposed in India to ban the use of cryptocurrency altogether, with a potential non-bailable prison sentence of up to 10 years for offenders. Bloomberg initially reported on this development on June 6, 2019, noting that a bill has been proposed to attack those who “mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies directly ...

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Speculating on Crypto’s $4.5 Million Lunch With Warren Buffett

In this episode, Dave and Grahm discuss Justin Sun’s winning charity bid for a lunch with Warren Buffett. Joined by Delphi Digital’s Tom Shaughnessy, the three of them speculate on who they would send to lunch with the legacy financial guru to convince him that Bitcoin has value.Something not touched on during the episode is the tremendous impact that Sun’s ...

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Study: 74 Percent of Bitcoin Mining Powered With Renewable Energy

Sorry doomsayers, Bitcoin’s not going to boil our oceans — or eat holes in the ozone — any time soon. According to the third installment of CoinShares’ biannual mining report, 74 percent of power on the bitcoin mining network comes from renewable energy sources. This figure is off a few percent from the firm’s November 2018 report and just an ...

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CME Bitcoin Futures Product Breaks Volume Record

In a liquidity report, CME Group has revealed that last month was the most successful for its bitcoin futures product since its launch in 2017. The report shows new highs in both average daily volume and open interest in May. Within the month, the average daily volume finished at more than 13,600 contracts, or $515 million in notional USD-traded value. ...

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Bitcoin Price Analysis: Bullish Market Structure Reclaims Strong Support

Summary: Bitcoin has reclaimed a major support level after testing it for the third time. This level is an important level for our bullish market structure. The three tests of this region occurred on decreasing volume with each test and show signs of bearish exhaustion in their attempts to break the support.We are still finding resistance on the immediate overhead ...

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EU Warns Malta of the Dangers of Ignoring Money Laundering

Malta has been advised to step up its Anti-Money Laundering (AML) enforcement just as it’s growing its crypto and gaming sector. The European Union believes the island needs to increase its AML policing meet the demands of its ever-growing fintech industries. These comments were made by the European Commission in its recommendations to member states on the utilization of EU ...

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S.L. Benfica Football Club and UTRUST Partner to Accept Cryptocurrency Payments

Portugal’s most decorated football club, S.L. Benfica, has announced a partnership with the UTRUST payment platform to become the first of its kind to accept cryptocurrency as a payment method. Benfica said the decision to accept cryptocurrency payments is designed to expand global audiences and upgrade its e-commerce strategy. Supporters will now be able to purchase team memberships, tickets to ...

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