Is bitcoin fever coming back?

  After its skyrocket increase, hitting $20,000/BTC in the late months of 2017, this cryptocurrency responded to the excitement of investors with a disappointing fall in the first months of the new year.

Bitcoin has yet been able to recover 50% of its peak as the Crypto market is still fluctuating. Bitcoin value has fallen below $ 7,000, recorded on 2nd April. The whole market is sunk in red.

Kyle Salmani, the founder of crypto-currency fund Multicoin Capital, which manages $50 million (41 million euros) of private cash, said: "This is a healthy correction after an exuberant 2017." However, Kyle Salman does not bet on Bitcoin's return.

In another perspective, Jordan Hiscott, investment manager at the Ayondo Markets online platform, added: "certainly the halcyon days of performance gains from 2017 seem long gone."

According to Coinmarketcap, Bitcoin makes up only 40% of trading volume in the Crypto Market Exchanges while the number was up to 80% just a few months ago. The keyword “Bitcoin” also has a low weekly number of Google search.

Bitcoin market will continue to fluctuate based on investor sentiment
"I wouldn't be surprised to see prices fall to $5,000 from here or go back above $10,000," said Craig Erlam, an analyst online currency trading platform Oanda. The majority of Bitcoin holders still keep their faith and are hoping for a dramatic change in Cryptocurrency market

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After its skyrocket increase, hitting $20,000/BTC in the late months of 2017, this cryptocurrency responded to the excitement of investors with a disappointing fall in the first months of the new year.

Bitcoin has yet been able to recover 50% of its peak as the Crypto market is still fluctuating. Bitcoin value has fallen below $ 7,000, recorded on 2nd April. The whole market is sunk in red.

Kyle Salmani, the founder of crypto-currency fund Multicoin Capital, which manages $50 million (41 million euros) of private cash, said: "This is a healthy correction after an exuberant 2017." However, Kyle Salman does not bet on Bitcoin's return.

In another perspective, Jordan Hiscott, investment manager at the Ayondo Markets online platform, added: "certainly the halcyon days of performance gains from 2017 seem long gone."

According to Coinmarketcap, Bitcoin makes up only 40% of trading volume in the Crypto Market Exchanges while the number was up to 80% just a few months ago. The keyword “Bitcoin” also has a low weekly number of Google search.

Bitcoin market will continue to fluctuate based on investor sentiment
"I wouldn't be surprised to see prices fall to $5,000 from here or go back above $10,000," said Craig Erlam, an analyst online currency trading platform Oanda. The majority of Bitcoin holders still keep their faith and are hoping for a dramatic change in Cryptocurrency market

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#VCXCOIN
#VCXLending

- It’s been a hazy start to the year of 2018 for bitcoin, but here comes the sun.
- April 17 marks the end of tax season in the United States, which started in January 29. Investors who profited from bitcoin’s massive rally in December are having to come up with the money to pay Uncle Sam now, which could explain a percentage of the selling pressure in the bitcoin price in March.
Coincheck may be on the block in the near future. Not only is it for sale but the potential buyer, the Japanese third largest online brokerage Monex Group, is the parent company of US-based TradeStation (with massive data and charting capabilities) and is publicly traded.
- In general, the forces for bitcoin are stronger than the forces against it.
There are many unpredictable things related to cryptocurrency. For instance, major bitcoin markets around the world including the United States are awaiting a regulatory framework to take shape to take the uncertainty out of the equation, among other reasons. It could be the catalyst the cryptocurrency markets need to bring them over the top.


#VCXLending

Will Bitcoin rebound in Q2 2018?

- It’s been a hazy start to the year of 2018 for bitcoin, but here comes the sun.
- April 17 marks the end of tax season in the United States, which started in January 29. Investors who profited from bitcoin’s massive rally in December are having to come up with the money to pay Uncle Sam now, which could explain a percentage of the selling pressure in the bitcoin price in March.
Coincheck may be on the block in the near future. Not only is it for sale but the potential buyer, the Japanese third largest online brokerage Monex Group, is the parent company of US-based TradeStation (with massive data and charting capabilities) and is publicly traded.
- In general, the forces for bitcoin are stronger than the forces against it.
There are many unpredictable things related to cryptocurrency. For instance, major bitcoin markets around the world including the United States are awaiting a regulatory framework to take shape to take the uncertainty out of the equation, among other reasons. It could be the catalyst the cryptocurrency markets need to bring them over the top.


#VCXLending

Research: Bitcoin Exposes Central Banks’ Currency Manipulation and Capital Controls

Now bitcoin can provide economic researchers a new tool for exposing both currency manipulation and capital controls, in a way never thought possible before due to a lack of a perfect benchmark. This is done using similar methods to those arbitrage traders employ, comparing prices in different cryptocurrency markets around the world.
Read more  :
https://news.bitcoin.com/research-bitcoin-exposes-central-banks-currency-manipulation-and-capital-controls/


#VCXCoin

Research: Bitcoin Exposes Central Banks’ Currency Manipulation and Capital Controls

Now bitcoin can provide economic researchers a new tool for exposing both currency manipulation and capital controls, in a way never thought possible before due to a lack of a perfect benchmark. This is done using similar methods to those arbitrage traders employ, comparing prices in different cryptocurrency markets around the world.
Read more  :
https://news.bitcoin.com/research-bitcoin-exposes-central-banks-currency-manipulation-and-capital-controls/


#VCXCoin

World’s Fifth Largest Crypto Exchange Bitfinex Wants To Move To Switzerland

✔️British Virgin Islands-based Bitfinex, the fifth largest crypto trading platform in the world in terms of trading volume, intends to relocate its business to Zug, Switzerland, Cointelegraph auf Deutsch reported Tuesday, March 27.

✔️Jean Louis van der Velde, CEO at Bitfinex, confirmed the exchange’s plans to the Swiss business newspaper Handelszeitung Tuesday. The Bitfinex leadership has reportedly met several times with the State Secretariat for International Finance SIF and also with the Federal Councilor Johann Schneider-Ammann, who heads the Economic Department of Switzerland.

✔️Settlement experts in Switzerland, who are familiar with the matter, say that Bitfinex will be incorporated as a public limited company on a move from the British Virgin Islands to Switzerland and will therefore be spun off from the previous parent company, iFinex. The current management team, headed by Dutchman van der Velde, plans to settle in Switzerland as well. Both the legal and financial departments, as well as the technical department would then operate from Switzerland in future.

 ✔️Zug has proved an attractive location for crypto companies other than Bitfinex. Internationally active Blockchain startups such as Xapo, ShapeShift, Monetas and Etherisc are based in Zug, as well as Ethereum's foundation and management.
(Source: Coindesk)

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https://scontent.fhan4-1.fna.fbcdn.net/v/t1.0-9/29684186_426885177769976_3484672934525132752_n.jpg?_nc_cat=0&oh=1aaaa2edda5d527b8e1e2f5531ef2ef1&oe=5B699521

✔️British Virgin Islands-based Bitfinex, the fifth largest crypto trading platform in the world in terms of trading volume, intends to relocate its business to Zug, Switzerland, Cointelegraph auf Deutsch reported Tuesday, March 27.

✔️Jean Louis van der Velde, CEO at Bitfinex, confirmed the exchange’s plans to the Swiss business newspaper Handelszeitung Tuesday. The Bitfinex leadership has reportedly met several times with the State Secretariat for International Finance SIF and also with the Federal Councilor Johann Schneider-Ammann, who heads the Economic Department of Switzerland.

✔️Settlement experts in Switzerland, who are familiar with the matter, say that Bitfinex will be incorporated as a public limited company on a move from the British Virgin Islands to Switzerland and will therefore be spun off from the previous parent company, iFinex. The current management team, headed by Dutchman van der Velde, plans to settle in Switzerland as well. Both the legal and financial departments, as well as the technical department would then operate from Switzerland in future.

 ✔️Zug has proved an attractive location for crypto companies other than Bitfinex. Internationally active Blockchain startups such as Xapo, ShapeShift, Monetas and Etherisc are based in Zug, as well as Ethereum's foundation and management.
(Source: Coindesk)

#VCXCoin

https://scontent.fhan4-1.fna.fbcdn.net/v/t1.0-9/29684186_426885177769976_3484672934525132752_n.jpg?_nc_cat=0&oh=1aaaa2edda5d527b8e1e2f5531ef2ef1&oe=5B699521

Thailand plans to tax cryptocurrencies


Thailand's government wants to regulate the nascent Crypto market, and tax its investors to prevent the expanding sector from being used for money laundering, tax evasion, and other criminal activities.

This action is taken by Finance Minister Apisak Tantivorawong after a weekly cabinet meeting on Mar. 27.

With the new law regulating Cryptocurrencies and tokens, investors will have to pay 7% VAT on all transactions made with digit currencies and a 15% on the return profit.

Earlier, the Central Bank of Thailand has banned domestic banks from investing in and trading digit currency, which caused insecurity for local investors.

Korn Chatikavanij - former Finance Minister and president of the Thai Fintech Association (TFA) - shared that he is not surprised by the cautious steps taken by the Ministry of Finance and the Central Bank. "But they have to be cautious not to allow their conservative instincts to result in draconian regulations," Korn told the Nikkei Asian Review.

Companies operating in the field of Cryptocurrency in Thailand are also facing many challenges, and Thai entrepreneurs that tend to have an ICO are more likely to choose Singapore to register their startups.

Six.network, a decentralized financial services infrastructure of a Thai-Korean joint venture, is one example. The company is registered in Singapore and recently announced an ICO in Bangkok to raise $ 44 million on March 27.

Natasha Pungcharoenpong, co-founder of Six.network, said that his company is cooperating with the Office of the Securities and Exchange Commission (SEC)to avoid any glitches. "The company has already approached the office to constantly clarify the operation to ensure transparency”, he told attendees at the ICO launch event at a Bangkok.

However, everything is still in the plan. In the meantime, Thai investors should be prepared by means before this regulation plan is officially adopted.

#VCXCoin

Thailand's government wants to regulate the nascent Crypto market, and tax its investors to prevent the expanding sector from being used for money laundering, tax evasion, and other criminal activities.

This action is taken by Finance Minister Apisak Tantivorawong after a weekly cabinet meeting on Mar. 27.

With the new law regulating Cryptocurrencies and tokens, investors will have to pay 7% VAT on all transactions made with digit currencies and a 15% on the return profit.

Earlier, the Central Bank of Thailand has banned domestic banks from investing in and trading digit currency, which caused insecurity for local investors.

Korn Chatikavanij - former Finance Minister and president of the Thai Fintech Association (TFA) - shared that he is not surprised by the cautious steps taken by the Ministry of Finance and the Central Bank. "But they have to be cautious not to allow their conservative instincts to result in draconian regulations," Korn told the Nikkei Asian Review.

Companies operating in the field of Cryptocurrency in Thailand are also facing many challenges, and Thai entrepreneurs that tend to have an ICO are more likely to choose Singapore to register their startups.

Six.network, a decentralized financial services infrastructure of a Thai-Korean joint venture, is one example. The company is registered in Singapore and recently announced an ICO in Bangkok to raise $ 44 million on March 27.

Natasha Pungcharoenpong, co-founder of Six.network, said that his company is cooperating with the Office of the Securities and Exchange Commission (SEC)to avoid any glitches. "The company has already approached the office to constantly clarify the operation to ensure transparency”, he told attendees at the ICO launch event at a Bangkok.

However, everything is still in the plan. In the meantime, Thai investors should be prepared by means before this regulation plan is officially adopted.

VCXCoin

In a conversation with Bloomberg, Zhao Changpeng - Binance CEO – shared a plan of opening an office in Malta. Mr. Zhao also said that Binance would soon launch a cryptocurrency exchange service and is close to reaching an agreement with Malta banks in providing access to deposits and withdrawals.

"We are very confident we can announce a banking partnership there soon”, Zhao said. “Malta is very progressive when it comes to crypto and fintech.”

Binance was founded in Hong Kong in 2017, and then quickly became the world's leading cryptocurrency trading platform.

However, since last year, the China Regulatory and that of United States have tightened their control on cryptocurrency trading, making it more difficult for Binance to find a permanent office.

Binance once had Japan but eventually decided to leave Japan to avoid conflict with the authorities.

Mr. Zhao also revealed that Binance had talked to the Hong Kong Authorities, but things are still uncertain.

It seems that Malta is a good choice for Binance as it has become a home for cryptocurrency investors. Malta government has organized a number of public consultations about cryptocurrency regulation, issuance and trading platform.

Last month, Malta announced their plan in establishing a Digital Creation Agency, which regulates businesses and their operations in cryptocurrency field, as well as create a legal framework for ICOs.

Mr. Zhao had been invited by the Government of Malta to preview a draft bill supporting digit currency business.

Binance's transaction volume per day is currently around $ 1.7 billion, more than its competitors

Binance is also working on a decentralized cryptocurrency exchange platform in the upcoming month. Top ten groups of Binance are now developing such platform. Still, it would take quite a time until it could replace the existing trading platform of Binance, said by Mr. Zhao.

#FromWorldNews
#VCXLending

Being warned by Japan, the world's largest cryptocurrency Exchange "run" to EU


In a conversation with Bloomberg, Zhao Changpeng - Binance CEO – shared a plan of opening an office in Malta. Mr. Zhao also said that Binance would soon launch a cryptocurrency exchange service and is close to reaching an agreement with Malta banks in providing access to deposits and withdrawals.

"We are very confident we can announce a banking partnership there soon”, Zhao said. “Malta is very progressive when it comes to crypto and fintech.”

Binance was founded in Hong Kong in 2017, and then quickly became the world's leading cryptocurrency trading platform.

However, since last year, the China Regulatory and that of United States have tightened their control on cryptocurrency trading, making it more difficult for Binance to find a permanent office.

Binance once had Japan but eventually decided to leave Japan to avoid conflict with the authorities.

Mr. Zhao also revealed that Binance had talked to the Hong Kong Authorities, but things are still uncertain.

It seems that Malta is a good choice for Binance as it has become a home for cryptocurrency investors. Malta government has organized a number of public consultations about cryptocurrency regulation, issuance and trading platform.

Last month, Malta announced their plan in establishing a Digital Creation Agency, which regulates businesses and their operations in cryptocurrency field, as well as create a legal framework for ICOs.

Mr. Zhao had been invited by the Government of Malta to preview a draft bill supporting digit currency business.

Binance's transaction volume per day is currently around $ 1.7 billion, more than its competitors

Binance is also working on a decentralized cryptocurrency exchange platform in the upcoming month. Top ten groups of Binance are now developing such platform. Still, it would take quite a time until it could replace the existing trading platform of Binance, said by Mr. Zhao.

#FromWorldNews
#VCXLending

Google is working on blockchain-related technology to support its cloud business and head off competition from emerging startups that use the heavily-hyped technology to operate online in new ways.

Companies use blockchain and other so-called digital ledgers to securely record transactions and process other data over the internet -- a service Google could use, for example, to reassure customers that their information is protected when stored on the giant network of computer servers that power its cloud services.

Several people in Google’s infrastructure group have been tinkering with blockchain protocols in recent months, according to a person familiar with the company. Other Google insiders said recently that the cloud business is a natural place for blockchain-related services.

“Like many new technologies, we have individuals in various teams exploring potential uses of blockchain but it’s way too early for us to speculate about any possible uses or plans,” a Google spokesman said.

With the great effort of competitors to work on blockchain-related applications, Google can’t get isolated and get out of the race.

(By TradingIG)
VCX
VCXLending

➡️➡️ Google is working on Blockchain?

Google is working on blockchain-related technology to support its cloud business and head off competition from emerging startups that use the heavily-hyped technology to operate online in new ways.

Companies use blockchain and other so-called digital ledgers to securely record transactions and process other data over the internet -- a service Google could use, for example, to reassure customers that their information is protected when stored on the giant network of computer servers that power its cloud services.

Several people in Google’s infrastructure group have been tinkering with blockchain protocols in recent months, according to a person familiar with the company. Other Google insiders said recently that the cloud business is a natural place for blockchain-related services.

“Like many new technologies, we have individuals in various teams exploring potential uses of blockchain but it’s way too early for us to speculate about any possible uses or plans,” a Google spokesman said.

With the great effort of competitors to work on blockchain-related applications, Google can’t get isolated and get out of the race.

(By TradingIG)
VCX
VCXLending

-You are only eligible for the system commission when the people that you introduce join the Lending. Your referral list in the ICO will be preserved. Moreover, in order to introduce more people to the system, you can send them the registration link by: Choosing Manager System/Affiliate sponsor/copy  
    
-Afterwards, send them the copied link so that they can register via it. You can check your referral list, which is below the link.

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Affiliate sponsor:

-You are only eligible for the system commission when the people that you introduce join the Lending. Your referral list in the ICO will be preserved. Moreover, in order to introduce more people to the system, you can send them the registration link by: Choosing Manager System/Affiliate sponsor/copy  
    
-Afterwards, send them the copied link so that they can register via it. You can check your referral list, which is below the link.

#VCXCoinTeam

The captital of all investment packages will be refunded after 120 days of investment. There are 4 packages as follows:

- Investment package 100-9999($), Daily interest: 1% ~1.75%, Daily bonus: 0%

- Investment package 10,000-29,999($), Daily interest: 1% ~1.75%, Daily bonus: 0.1%

- Investment package 30,000-49,999($), Daily interest: 1% ~1.75%, Daily bonus: 0.15%

- Investment package 50,000-99,999($), Daily interest: 1% ~1.75%, Daily bonus: 0.2%

- Investment package >= 100,000($), Daily interest: 1% ~1.75%, Daily bonus: 0.3%

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LENDING POLICY

The captital of all investment packages will be refunded after 120 days of investment. There are 4 packages as follows:

- Investment package 100-9999($), Daily interest: 1% ~1.75%, Daily bonus: 0%

- Investment package 10,000-29,999($), Daily interest: 1% ~1.75%, Daily bonus: 0.1%

- Investment package 30,000-49,999($), Daily interest: 1% ~1.75%, Daily bonus: 0.15%

- Investment package 50,000-99,999($), Daily interest: 1% ~1.75%, Daily bonus: 0.2%

- Investment package >= 100,000($), Daily interest: 1% ~1.75%, Daily bonus: 0.3%

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~~~
Mining Bitcoin and other cryptocurrencies demands a huge amount of electricity, which is greater than the energy needed for the whole system of electric vehicle in 2015.
Morgan Stanley’ note stated that Bitcoin mining could use more electricity in 2018 than the entire Argentina.

Based on the calculation, electricity needed to mine Bitcoin could be more than is used by the whole system of electric vehicle by 2025. It also said that power for bitcoin mining has already been estimated to use more than 159 countries in 2017.
SlashGear claimed that cryptocurrency-related activities can be seen in Plattsburgh, New York (USA), a small town with low-cost electricity. In order to take advantage of the low-cost electricity, mining cryptocurrenies blooms in this area, soon becoming a threat to the city.

Cryptocurrency mining uses a huge amount of electricity to operate the system days and nights. It poses a threat to the crypto environment. In Plattsburgh, it also does harm to the consumption and electricity price.
Plattsburgh, whose residents are a quick jaunt from the Canadian border, has put an 18-month moratorium on cryptocurrency mining to preserve natural resources, the health of its residents, and the “character and direction” of the city.

#VCX
#VCXCoin

Bitcoin mining is banned due to its great demand for electricity  
~~~
Mining Bitcoin and other cryptocurrencies demands a huge amount of electricity, which is greater than the energy needed for the whole system of electric vehicle in 2015.
Morgan Stanley’ note stated that Bitcoin mining could use more electricity in 2018 than the entire Argentina.

Based on the calculation, electricity needed to mine Bitcoin could be more than is used by the whole system of electric vehicle by 2025. It also said that power for bitcoin mining has already been estimated to use more than 159 countries in 2017.
SlashGear claimed that cryptocurrency-related activities can be seen in Plattsburgh, New York (USA), a small town with low-cost electricity. In order to take advantage of the low-cost electricity, mining cryptocurrenies blooms in this area, soon becoming a threat to the city.

Cryptocurrency mining uses a huge amount of electricity to operate the system days and nights. It poses a threat to the crypto environment. In Plattsburgh, it also does harm to the consumption and electricity price.
Plattsburgh, whose residents are a quick jaunt from the Canadian border, has put an 18-month moratorium on cryptocurrency mining to preserve natural resources, the health of its residents, and the “character and direction” of the city.

#VCX
#VCXCoin