BitcoinInsider

Following their joint declaration committing to regulate crypto assets, the G20 countries are now preparing to set crypto policies at the upcoming summit. Several international organizations have contributed resources and are actively working to help shape the regulations. The upcoming G20 summit will be held in Osaka, Japan, on June 28 and 29. Participants are 19 member countries, the European Union, guest countries and a number of international organizations. Following the members' joint declaration committing to regulate crypto assets for AML and CFT purposes, several standard-setting bodies have contributed resources to help the G20 set crypto policies. According to Japanese media, the countries are expected to agree upon new crypto-related regulations at the summit. G20 Prepares to Regulate Crypto Assets – a Look at Current Policies The G20 has reaffirmed its support for the Financial Action Task Force (FATF) as "the global anti-money laundering, counter terrorist financi...

Taking relevant investment decisions in the crypto space requires comprehensive information about current trends and a good idea of the sentiment of market participants. A mobile application called Crypto of the Day aggregates data about both and offers some other useful features. Crypto of the Day is an app developed for Android devices. In essence, it represents a social network that analyzes digital assets and their market movements. Traders can use it to find out which coins have the highest potential for growth based on the ratings and recommendations of the app's community and Telegram channel members. Users can create their own cryptocurrency portfolio and share it with others. Crypto of the day supports all major cryptocurrencies including bitcoin cash (BCH) and many other coins. The app runs a vote on them every day and each crypto has a dedicated page with a chart for different time periods, current price, market cap, trading volume, and other users' comments. The app...

Asia Times originally reported the trend April 17 referencing recent statements at this week's World Bank and International Monetary Fund (IMF) Spring Meetings held in Washington DC. Afghanistan, Tunisia and Uzbekistan are currently mulling the possibility of a Bitcoin bond, all three interested in the instrument's potential to help out critical sectors of the economy. For Afghanistan, a bond could be tied to metals, specifically the country's $3 trillion lithium industry. Despite being set for expansion due to a shortage of lithium, Afghanistan remains stifled when it comes to borrowing due to international restrictions. The answer, Asia Times paraphrases Central Bank of Afghanistan governor Khalil Sediq as saying, lies in crypto solutions such as Hyperledger Fabric. This, he claimed, "could offer a way to access international markets via a first-of-its-kind financial instrument made possible with hyperledger's blockchain technology financial services platform....

In the summer of 2017, Bitcoin.com launched its open source light client and since then more than 3.8 million wallets have been created. We've since added a load of new features to the wallet software and as of April 15, 2019, Bitcoin.com Wallet users in the UK and Europe can purchase bitcoin cash (BCH) directly inside the wallet. Bitcoin.com's New Buy Feature Aims to Spread Economic Freedom Globally Bitcoin.com strives to be the leading destination for all your bitcoin needs and our wallet is the perfect example. The open source Bitcoin.com Wallet is designed to be a secure application for sending, receiving, and storing digital assets. It features a simple interface for newcomers and veterans in the space. Our last version of the wallet gave users the ability to swap between BCH and BTC using the Sideshift platform. This week, the latest release of our light client has given U.K. and Europe-based users the ability to purchase BCH directly within the wallet thanks to our new M...

The Financial Stability Board has detailed how its member countries regulate crypto assets, who the regulators are, and the scope of their oversight. Most countries have more than one government body monitoring and regulating different aspects of crypto activities. Among the board's Asian member countries, India is the only one with no legal mandate to directly regulate crypto assets. India Three regulators — the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI) and the Ministry of Finance — regularly attend the Financial Stability Board (FSB) meetings and G20 summits. The FSB is an international body that monitors and makes recommendations about the global financial system. It has listed only the RBI, the country's central bank, as the regulator of the Indian crypto space, clarifying in a report published Friday: RBI does not have a legal mandate to directly regulate crypto-assets. RBI's current mandate permits it to assess financial institutio...

The software developer known as Deswurstes revealed last week a new project he's been working on that allowed people to upload files up to 1MB in size to the Bitcoin Cash (BCH) testnet. On April 7, Deswurstes launched the first BCH mainnet version of Blockupload, a desktop platform that allows people to embed larger files into the blockchain without the need for the Interplanetary File System (IPFS). lockupload Allows for 1MB Uploads Embedded Into the Bitcoin Cash Chain The developer known as Deswurstes or Mcccs has announced a new project he's been working on over the last eight months called Blockupload. The platform uses a BCH Op_Return transaction and P2SH in order to allow individuals to upload files to BCH up to 1MB in size. The upload size is higher than the Bitcoin Files project allows, which is roughly a max of 5kb or less, but when using IPFS Bitcoin Files can upload much larger files. Deswurstes says his project doesn't need IPFS and the open source repository on...

Bitcoin price breaking $5,000 has everyone and their mum scrambling around to work out what might have caused it. Let's take a look at some of the key contenders (Brexit included), before settling this once and for all. BECAUSE… APRIL FOOLS JOKE? One of the first suggestions to hit crypto-Twitter can be blamed on the breakout's unfortunate timing. Yep, Bloomberg and The Telegraph even went as far as reporting that the whole thing could be down to an April Fools joke. The joke in question? A spoof article on Finance Magnates, claiming that the SEC had approved two Bitcoin ETFs in an emergency Sunday night meeting. There are two problems with the theory: Firstly, Finance Magnates. Fair play to FM for the gag (it was certainly one of the most creative in the crypto-space this year). However, the idea that the whole crypto-verse read that article, and despite nobody else reporting the story, decided to buy, buy, buy… Nah. Secondly, it didn't actually happen on April 1st; or at ...

According to personal finance firm Credit Karma Tax, filers who reported short-term capital losses for cryptocurrencies in the first month of 2019 jumped fivefold year-over-year. After the incredibly bearish crypto markets of 2018, data from early tax filers highlights the fact that more investors are claiming losses this tax season. However, a survey the company recorded back in November found that the number of people deciding not to file crypto taxes has increased. Last April, as tax season approached, news.Bitcoin.com reported on how many cryptocurrency holders didn't really care. At the time, the general manager of Credit Karma Tax, Jagjit Chawla, explained that out of 250,000 cryptocurrency holders, less than 100 people (0.0004%) reported their gains to the IRS. The tax season in 2019, however, has seen an increase of individuals reporting short-term capital losses. Sharing the data with our newsdesk, the company said that filers who reported short-term capital losses for bi...

There's a new open source bitcoin cash (BCH) wallet called Crescent Cash which uses the Cash Accounts protocol by default. The new application was designed by the programmer Pokkst who built the wallet for simplicity by allowing BCH users to send funds to a specific username as opposed to a long alphanumeric address. On Monday, April 1, the programmer behind the recently published Bchgallery wallet released a new wallet called Crescent Cash, a light client dedicated to the Cash Accounts username system. Crescent Cash is open source and noncustodial like traditional BCH wallets and the application also supports the standard BCH address format Cashaddr. The application's first release for Android is available on the Google Play store and Pokkst believes the wallet is simple and secure while combining the "simplicity of traditional, centralized money apps with the security of trustless Bitcoin wallets." Pokkst explained on the Reddit forum r/btc that he spent a few sleep...

The inaction of India's supreme court to end the prolonged banking restriction has forced another cryptocurrency exchange to shut down. The exchange has given its users 30 days to withdraw funds at increased fees, prompting several other exchanges to offer to refund these fees for customers switching to them. Coindelta Shuts Down Indian crypto exchange Coindelta announced its service termination on Saturday. The exchange wrote, "we will no longer be able to provide exchange services for cryptocurrencies," elaborating: The curb on the bank accounts by RBI has made us handicapped in order to provide seamless deposit and withdrawal services. There has not been any significant progress in the supreme court case which makes it difficult to predict when we will see the regulation. The central bank, the Reserve Bank of India (RBI), issued a circular in April last year banning banks from providing services to crypto businesses including exchanges. The ban went into effect in July...