Crypto News 

Storing Your Crypto: 3 Tips to Make Sure Your Crypto Assets are Secure

“Over the last couple of weeks, the world has watched as the QuadrigaCX crypto exchange unfolded” reports livebitcoinnews.com. Keeping your crypto in an exchange wallet defeats the entire purpose of a decentralized system.Long story short, the exchange lost access to the majority of its assets in cold storage after the founder died unexpectedly. Source: livebitcoinnews.com

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Crypto News 

Chinese Crypto Miner Predicts That Bitcoin Could Reach $740K

“Zhu Fa, co-founder of Poolin, a Chinese-based crypto mining pool, predicted that the Bitcoin (BTC) price could hit 5 million Chinese yuan ($738,000 (USD), crypto news outlet 8BTC reported on Feb.11” writes Aaron Wood for cointelegraph.com. During a blockchain event in April 2018, investment tycoon Tim Draper forecasted that by 2022 the price of Bitcoin could reach $250,000.Earlier today, United Kingdom-based cryptocurrency miner Argo Blockchain announced it was refocusing its business in order to cut costs.Predictions from experts in various aspects of the crypto space have ranged from bullish to…

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Crypto Markets News 

Crypto Markets Continue to See Mixed Signals, Dow Jones Up Over 360 Points

“Ethereum (ETH), the top altcoin by market cap, is trading at $122.37 at press time” writes Helen Partz for cointelegraph.com. Ripple (XRP), the third top cryptocurrency by market cap, is seeing slight losses today, down 1.38 percent over the past 24 hours.Out of top 20 cryptos by market cap, Maker (MKR) is down the most, with its price tumbling almost 7 percent on the day.Bitcoin (BTC) is slightly down over the past 24 hours, and is trading at $3,626 at press time. Source: cointelegraph.com

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Crypto News 

Indonesia: New Legislation Recognizes Crypto as Trading Commodity

“Indonesia has introduced new legislation that recognizes Bitcoin (BTC) as a trading commodity, Asia-oriented news outlet KrASIA reported on Feb. 15” writes Ana Alexandre for cointelegraph.com. Today, Bappebti reportedly approved regulation No. 5/2019 that recognizes Bitcoin and other digital currencies as a trading commodity.Indonesia’s Commodity Futures Trading Regulatory Agency, also known as Bappebti, initially signed a decree to make cryptocurrency a commodity future legally tradable on stock exchanges last June.The new policy reportedly outlines a set of requirements in regard to any cryptocurrency circulating in Indonesia. Source: cointelegraph.com

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Crypto Markets News 

CME Group CEO Terry Duffy: Government Involvement Key to Crypto’s Success

“Terry Duffy, CEO of leading derivative market CME Group, has said that until governments start to accept cryptocurrencies, it is very difficult for major commercial banks to get involved in the market” writes Adrian Zmudzinski for cointelegraph.com. Duffy outlined a change in JPMorgan Chase’s attitude towards crypto when answering inquiries about institutional demand for Bitcoin.He concluded: “The key to the success of any currency, whether it’s fiat or crypto, is going to be associated with the government.A report released today by digital asset management fund Grayscale Investments reveals that capital…

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Crypto News 

Japan Economic Alliance Asks Financial Regulator FSA to Reduce Tax on Crypto

“The Japan Association of New Economy (JANE) has asked the Japanese Financial Services Agency (FSA) to reduce the current tax rate for crypto trading income, Cointelegraph Japan reported on Feb. 14” writes Helen Partz for cointelegraph.com. In the regulation proposal, JANE asked the Japanese regulator not to harm innovation by imposing restrictive regulation on the crypto industry.The association has also asked the FSA to impose no tax on crypto-to-crypto transactions.Led by Hiroshi Mikitani, the CEO of Japanese e-commerce giant Rakuten, JANE has reportedly sent a proposal request to the country’s…

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Crypto News 

Is JPMorgan Chase’s New Cryptocurrency a Threat to Ripple, Other Crypto Assets?

“Mega-bank JPMorgan Chase (NYSE:JPM) recently announced that it will launch its own cryptocurrency, becoming the first U.S. bank to do so” writes Matthew Frankel for fool.com. However, there are some big differences between bitcoin, the more than 2,000 other existing cryptocurrencies (that’s not a typo), and the new cryptocurrency JPMorgan Chase is planning to create.The new cryptocurrency will be called JPM Coin, and the purpose will be to speed up transaction settlement times.Also, JPM Coin will be a so-called “stable coin,” with its value pegged to the U.S. dollar. Source: fool.com

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Crypto News 

Report: Brazilian Bank Bradesco Closes Accounts of Local Crypto Exchange and Owners

“One of the largest Brazilian banks, Bradesco, has notified crypto exchange Bitblue that its banking accounts will be closed late February, local crypto outlet Portal do Bitcoin reported on Feb. 13” writes Ana Berman for cointelegraph.com. CADE initially launched a probe against six major national banks — including Banco do Brasil, Banco Bradesco, Itaú Unibanco Holding and Banco Santander Brasil — in September 2018.Following several complaints about banking accounts closure, the antitrust watchdog started investigating alleged monopolistic practices in the crypto space.Subsequently in October, Banco do Brasil and Santander Brasil…

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Crypto News 

Grayscale Q4 2018 Report: Institutional Investors Provide 66% of Capital Inflow

“Digital asset management fund Grayscale Investments latest crypto investment report released on Feb. 14 reveals that capital inflow from institutional investors is on the rise” writes Marie Huillet for cointelegraph.com. For Q4 2018, Grayscale reports that institutions accounted for the majority of investments — at 66 percent.Moreover, while dollar investments in crypto declined in Q4, Grayscale contends that institutional investors’ percentage allocation of their portfolio into the crypto sector remained roughly consistent throughout 2018.As reported, an analysis from multinational investment bank and financial services company Morgan Stanley last fall hailed…

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