Crypto News Regulators 

Macau Authority Issues Cryptocurrency Warning…

“Monetary Authority of Macau reminds all Macau residents that cryptocurrencies are virtual products, but not legal currencies or financial tools” writes Rebecca Campbell for livebitcoinnews.com. In the statement, the authority wrote: The media has reported that a Macau company was involved in an ICO [initial coin offering] recently.Under Macau monetary regulations, it is forbidden for any bank or payment institution to provide services to cryptocurrency exchanges.Macau joins a growing number of authorities that are reminding residents that digital currencies such as bitcoin aren’t legal and can be linked to criminal…

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Futures News Oil Stocks 

Stocks in Asia poised for slim gains after Wall Street rises on earnings

“Markets in Asia looked set for moderate gains on Thursday after U.S. stocks mostly edged higher in the last session amid improved investor sentiment” writes Cheang Ming for cnbc.com. Both the S&P 500 and the Nasdaq composite notched slim gains on Wednesday as robust earnings continued to buoy market sentiment. Source: cnbc.com Share This:

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Crypto News 

IMF Head Says Underlying Technology of Cryptocurrencies Could Aid Finance System

“Then she said that the same reason digital currencies are so appealing is also what makes them so dangerous due to the fact that they have an element of anonymity” writes Rebecca Campbell Is for coinjournal.net. Notably, she went on to say that in order for cryptocurrencies to transform the finance system, they must first earn the confidence and support of consumers and authorities.The price of bitcoin saw a boost in value, which coincided with remarks from the chief of the International Monetary Fund (IMF) after she wrote about the…

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Crypto News 

What Drove the Mid-April Cryptocurrency Rebound?

“What could be behind the mid-April bump to the digital currency space?” writes Nathan Reiff for investopedia.com. One of the major questions about digital currencies has been how they will be taxed by governments around the world.The turbulence associated with digital currencies could be picking back up again after a few months of general disappointment.In the U.S., regulatory bodies determined that digital currencies would be classified as property, making certain transactions subject to capital gains tax.With this massive tax payment looming over the heads of cryptocurrency enthusiasts across the country,…

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Crypto News 

IMF Chief Says Bitcoin Tools Could Make Traditional…

“The head of the International Monetary Fund (IMF) has said that the underlying technology of bitcoin and other digital currencies could make the finance system function more effectively” writes Rebecca Campbell for livebitcoinnews.com. Back in February, the chief of the IMF said that it was only a matter of time before digital currencies fall under government regulation.At the time, she expressed that there was ‘probably quite a bit of dark activity [in cryptocurrencies],’ which called for the need for international regulation and proper supervision. Source: livebitcoinnews.com Share This:

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News Stocks 

Global Stocks Edge Higher After Mixed China Data; Earnings, Currencies in Focus

“Currency markets are likely to be the focus on early European trading, particularly in the United Kingdom, where the Office for National Statistics will publish unemployment and wage data figures for the month of February” writes Martin Baccardax for thestreet.com. European stocks opened higher Tuesday, helping Wall Street futures push firmly into positive territory, as investors reacted to a mixed set of economic data from China and continued to focus on the underlying strength of the U.S. corporate earnings season.The U.S. dollar index, which measures the greenback against a basket of six…

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Crypto News 

DigitalX Launches a Cryptocurrency Fund Which…

“In Perth, DigitalX Ltd is setting up a cryptocurrency fund” writes Jp Buntinx for livebitcoinnews.com. The company, known for its blockchain efforts, is looking to set up a new cryptocurrency investment fund.That is an interesting decision considering how this group mainly focuses on blockchain technology.Blockchain technology continues to attract a lot of attention. DigitalX is certainly heading in an interesting direction with this new fund. Source: livebitcoinnews.com Share This:

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News Oil 

Russia wants to ditch the dollar for oil payments

“Also, the advent of cryptocurrencies could facilitate the move away from the dollar as an international oil trade settlement currency, one analyst said recently” writes Irina Slav for businessinsider.com. This concerns both Turkey and Iran – we are considering an option of payment in national currencies with them.Russia is currently in negotiations with Tehran to do the same, although there are skeptics who believe switching from the greenback to national currencies is easier said than done.Russia is considering replacing the U.S. dollar in crude oil payments on deals with Turkey…

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Crypto Markets News Stocks 

Bitcoin takes cue from stock market, extends decline

“Digital currencies traded lower Friday in New York, unable to capitalize on solid gains earlier in the week” writes Aaron Hankin for marketwatch.com. Digital currencies followed equities, which posted significant losses; the Dow Jones Industrial Average DJIA, -2.34%  slumped more than 700 points at its session low.The price of the No. 1 digital currency, bitcoin BTCUSD, +0.29%  was down 2.4% late Friday, trading at $6,610.67, slightly off its overnight low of $6,513.10.The move would mark a significant step forward for digital currency exchanges that continue to be tagged with the…

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