Tag: cryptocurrencies

Ukrainian parliament considers separate law for mining

The government of Ukraine has been steadily working on regulation of cryptocurrencies and mining for several months now. Lawmakers have criticized recent confiscations of mining equipment by the police, who claim that the mined coins were used to finance pro-Russian separatist forces. A new proposal calls for mining to be regulated separately. Separate mining and cryptocurrencies Olexandr Danchenko, head of the Committee for Informatization and Communications in the Rada, called mining “just a calculation” and proposed to separate mining from general cryptocurrency refulation. “Ukraine’s share of the global cryptocurrency mining market has shrunk to just 3%. [We need to]...

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How to start investing in a bear market: short guide

January has been a harsh month for cryptocurrencies. Just looking at the market cap, we can see a deep correction from those December highs. The market shrunk from $850 billion to the current $510 billion. For many investors this is the first correction witnessed and, naturally, they are clueless and scared. No, the cryptocurrency market is not dying. Yes, this a perfectly natural process that happens several times per year. The bigger question, however, is how to behave in this bearish market and multiply your investments. Reasons for the bear market There is no single big upsetting event that...

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Dowbit’s cryptocurrency choices for 2018

Last year the cryptocurrency market grew exponentially, and nothing is stopping it. Careful, patient investors made huge profits and supported great projects. As 2018 starts, we would like to leave a list of some projects that are definitely worth keeping an eye on. Since Bitcoin is on everyone’s radar, we’ve only compiled a list of altcoins. As always, it’s up to you to research deeply about any project before investing in it, and that goes for the ones on this list too! Do your research and never invest more than you can afford to lose. Ethereum The Ethereum project...

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Julian Assange: Bitcoin will thwart government control

Wikileaks founder Julian Assange urged supporters to donate using cryptocurrencies, as an effort to bypass the financial blockade against Wikileaks. The foundation now accepts payments not only in Bitcoin, but Litecoin, Monero and ZCash. Forced love affair The international whistleblower did not start loving cryptocurrencies all of a sudden – he was forced to do so. When governments blocked Wikileaks access to bank accounts in 2010, Assange transferred the Foundation’s funds into Bitcoin. Now he jokingly thanks the US Government for his new wealth. Opposition to government control More recently, Assange has expressed fascination with Bitcoin’s abilitiy to thwart...

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EU agrees on stricter identification rules for crypto exchanges

European Union legislators agreed Friday on tougher rules for cryptocurrency exchanges. The new measures are part of efforts to combat money laundering and terrorism financing — as well as tax evasion. If the legislation passes, it will mark the end of anonymous transactions on exchanges and operations using pre-paid payment cards. Required to identify users Crypto exchanges, wallets and companies that hold clients’ funds will be required to identify users. Right now each exchange has its own policy, but, as a general rule, account verification is required past a certain limit. “Today’s agreement will bring more transparency to improve...

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