The World News Point
📺 14 May 📺
Only 8.5% of Bitcoin and Cryptocurrency Traders Are Female
"Understanding Trading Demographics Market analysts for the social investing network and multi-asset brokerage, Etoro, have conducted a research of their vast user base to help the company better understand exactly who are bitcoin and cryptocurrency investors. Looking at data from March 2017 to February 2018, they surveyed the public profiles of those investing in cryptocurrencies using their systems, and extracted demographic insights from age to gender to job sector.
One interesting point emerging from the data is that an absolute majority of traders are new in the business with regards to having any investing experience. A whopping 81.96% are at the Novice level, 10.66% are defined as Intermediate level, and just 7.38% qualify as having an Advanced level of experience in the market."
Read more:
https://news.bitcoin.com
Winklevoss Brothers Bitcoin Exchange Adds Zcash, Litecoin, Bitcoin Cash
"The Gemini bitcoin exchange founded by Tyler and Cameron Winklevoss is adding support for Zcash, a privacy-focused cryptocurrency with a total market valuation of over $1 billion.
Following approval from the New York Department of Financial Services (NYDFS), Gemini will begin accepting deposits of the privacy-focused cryptocurrency on Saturday, May 19 at 9:30am EDT.
The regulated exchange that serves its existing customers in 48 U.S. states, Washington D.C., Puerto Rico, Canada, Hong Kong, Singapore, South Korea and the U.K. will then begin its first day of trading Zcash on May 22 at 9:30am EDT.
In addition to being approved to custody and trade Zcash the NYDFS has confirmed to Forbes that Gemini will also receive approvals for Bitcoin Cash, with a total market value of $25 billion and Litecoin, valued at $8.2 billion, though details about when these currencies might go live remain sparse."
Read more:
https://www.forbes.com
New Crypto Exchanges Open in Korea, Thailand, Vietnam, and the Philippines
"South Korean game developer Axia Soft Co. Ltd. has recently launched a crypto exchange called Coinbit. For its grand opening, the exchange is offering zero commission trades until the end of May.
Coinbit says 50 cryptocurrencies will be listed initially and more than 100 coins will be listed by the end of the year. Among supported cryptocurrencies are bitcoin, ether, ripple, bitcoin cash, ethereum classic, litecoin, waves, stox, eos, vechain, omisego, qtum, and neo."
Read more:
https://news.bitcoin.com
Goldman Sachs Bitcoin Endorsement Leads Institutional Investor Cryptocurrency Push
"The wall street titan is now all in when it comes to allowing clients to trade Bitcoin futures via one of its New York desks. Goldman Sachs becomes the first regulated financial institution to offer such a service. Part of the reason the firm decided to go this route is due to several inquiries received from hedge funds, foundations and endowments which had received donations from Bitcoin millionaires. Will Goldman Sachs cosign of Bitcoin increase confidence in the digital currency?
The Breakdown You Need to Know
The legitimacy bar for digital currencies has been raised now that Goldman Sachs is going to facilitate the institutional trading of Bitcoin. They’re proceeding cautiously and will not trade actual Bitcoin initially. Instead, the bank will use its own money to trade Bitcoin futures contracts for clients. It will also trade non-deliverable forward futures where trades will be settled in the regulated currency it’s quoted in.
Bitcoin had been on a rebound the past couple of months. Interest in the currency increased over the course of 2017, which also caused volatility to skyrocket. The price of the digital currency tripled in the second half of last year, topping out at $20,000 before dropping to $8,000 in February of 2018. The cryptocurrency traded as high as $9,300 before South Korean officials raided South Korea’s largest cryptocurrency exchange, sending prices to $8,650."
Read more:
https://www.forbes.com
5 ARRESTED IN $1 MILLION BITCOIN STRONG ARM ROBBERY CONSPIRACY
"As reported by 11 Alive, the Forsyth County Sheriff’s Office arrested five men in connection with a conspiracy to invade a Forsyth County home in the hopes of making off with upwards of $1 million in Bitcoin, the world’s most popular and expensive cryptocurrency.
The arrests come after a 4-month-long investigation, following the Forsyth County Sheriff’s Office Narcotics Unit’s response to what was initially believed to be a drug investigation at a local hotel. On January 29, narcotics authorities intervened on four males in possession of zip ties, latex gloves, duct tape, and bandanas. The men were released, however, due to a lack of sufficient evidence.
The subsequent investigation revealed that the men were not planning a drug-related crime. Rather, they were after someone’s Bitcoin fortune. The four men – Trivette Adams, Matthew Schwartz, Jacob South and Michael McDermont – were allegedly planning to rob a homeowner of his digital currency."
Read more:
http://bitcoinist.com
Florida Tax Collector to Accept Bitcoin, Bitcoin Cash Payments
"A Florida county tax collector has partnered with bitcoin payments processor BitPay to accept cryptocurrency for a variety of services.
Seminole County Tax Collector Joel Greenberg said in a statement Monday that his office will take bitcoin and bitcoin cash for payments associated with driver licenses and ID cards, automobile tags and titles and property tax.
The office decided to accept the cryptocurrencies in an effort to streamline fee collection, reduce the potential for fraud and identity theft and increase the transparency and accuracy of payments. Greenberg's office added that it does not perceive any "price volatility or risk to the County" in accepting the cryptocurrencies.
Greenberg said in the statement:
"The aim of my tenure in office is to make our customer experience faster, smarter and more efficient, and to bring government services from the 18th century into the 21st century and one way is the addition of cryptocurrency to our payment options."
The collaboration with the Seminole County Tax Collector marks BitPay's first government partnership. Head of compliance Jeremie Beaudry said the company was launched because "we recognized the potential for blockchain to revolutionize the financial industry, making payments faster, more secure and less expensive on a global scale.
"With the Seminole County Tax Collector's office, we have engaged our first government agency to accept bitcoin and bitcoin cash by making it easy and seamless for them," he added.
However, Greenberg's office is not the only local government entity that has entertained the idea of accepting cryptocurrency for taxes."
Read more:
https://www.coindesk.com
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