Today in the news:
- The weekend saw some nice gains for most cryptocurrencies, but the market has returned red again today.
- Hardly anyone in the US is paying taxes on their bitcoin gains.
- Samsung is developing a blockchain platform to manage its global supply chains.
- The Hong Kong securities watchdog argues many ICOs may be frauds.
- And more crypto news below...
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Latest Crypto News - April 16, 2018
Resistance Ahead: Bitcoin Bulls Must Break $8,500
A move above resistance at $8,500 would provide confirmation bitcoin's bear market has ended, the technical charts indicate.
Read more: www.coindesk.com
More sources about Bitcoin's price:
Samsung Wants To Use Blockchain For Its Huge Global Supply Chain
South Korean electronics giant Samsung revealed it intends to use Blockchain for its global supply chain, Bloomberg reported April 16.
Read more: cointelegraph.com
Other sources:
- Samsung Explores Blockchain for Tracking Global Shipments
- Samsung Electronics Turns to Blockchain to Manage its Global Supply Chains
- Samsung to Leverage Blockchain for Shipping Processes
Pantera Capital Predicts Record BTC Prices Within 12 Months
Pantera Capital Management, a leading investor in the cryptocurrency sector, has predicted with “strong conviction” that bitcoin has established a local bottom. The fund anticipates that $6,500 will comprise the low of the current bear market, anticipating that the markets are likely to break into new all-time highs within 12 months.
Read more: news.bitcoin.com
'Downright Fraud': Hong Kong Securities Watchdog Warns on ICOs
The deputy head of Hong Kong's Securities and Futures Commission has taken a skeptical tone in statements on initial coin offerings.
Read more: www.coindesk.com
Other sources:
Hardly anyone is paying taxes on their bitcoin gains as filing deadline nears
With just a few days to the U.S. tax filing deadline, still only a tiny fraction of Americans have reported their cryptocurrency holdings, according to Credit Karma. Of the most recent 250,000 filers on the Credit Karma Tax platform, fewer than 100 people reported capital gains on their cryptocurrency investments.
Read more: www.cnbc.com
Other sources:
Coinsource Installs 20 Bitcoin ATM Machines Around Washington DC
Buying cryptocurrency has just become easier for all residents of the US capital, as the American bitcoin ATM network, Coinsource, has now expanded into the Washington DC metropolitan area. With this latest installment, the company now boasts of operating almost 200 machines across the US.
Read more: dollardestruction.com
Malta Proposes Test to Define When ICOs Are Securities
The EU nation of Malta is moving closer to introducing a test that would clearly define when assets derived from initial coin offerings (ICOs) are securities.
Read more: www.coindesk.com
Mastercard Patents Blockchain Tech To Combat Fake Identities
MasterCard files patent for private Blockchain system to store, verify and protect identity data.
Read more: cointelegraph.com
Binance Announces Quarterly BNB Burn to Distribute Earnings
Binance finished another installment of its quarterly token burn, aimed to increase the value of Binance Coin, as well as serve as a mechanism to distribute earnings. In the run-up period to the token burn, BNB was growing, but the news itself saw the asset retreat a little. The burn of 2,220,314 tokens is worth around $30 million.
Read more: cryptovest.com
Barclays Launches Venture Capital Unit To Invest in Smart Contracts and Blockchain Tech
One of the biggest bank in the world has launched a Venture Capital (VC) unit with a focus on investing in blockchain technology, smart contracts and artificial intelligence.
Read more: www.trustnodes.com
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