New rules are coming

Let's take a look at the most significant news that has recently affected the digital asset markets.

The European Parliament has introduced new rules for Cryptocurrency regulation for EU countries

According to new rules implemented by the European Parliament, in a move to limit anonymity of financial transactions and crack down on money laundering, cryptocurrency exchange platforms, virtual wallets and banking institutions in the EU will now be obligated to verify their clients and register with the proper authorities.

The Parliament also supported measures to provide access to data regarding the beneficial owners of firms dealing with cryptocurrencies and offered protection and anonymity to whistleblowers who report money laundering.

Banks and financial regulators often speak about the high investment risks of cryptocurrencies. Whether market regulation by the European Union will help cope with crypto money laundering, if it exists, remains unclear.

On the one hand, regulation slows down market development in general and creates a great deal of difficulties and restrictions which could lead to another wave of account freezing.

But on the other hand, in a more global sense, this regulation will help improve the cryptocurrency market’s overall legal status, making it more appealing to financial funds and investors.

AntPool is burning BCH

After some confusion regarding why some BCH (Bitcoin Cash) had been disappearing into ‘black-hole’ accounts, it was revealed that AntPool was burning this BCH on purpose, which they consider will be good for the overall BCH economy.

AntPool believes that BCH is reaching a ‘tipping point of becoming a widely used public blockchain,’ as the network and amount of users grows. The mining pool is sure that the number and rate of transactions will increase significantly after the hard fork on May 15.

The presence of active users is very important for a blockchain ecosystem as well as that of hodler-investors.

Without these holders, BCH’s exchange value loses significant support. We believe that they too should profit from the growth of BCH by their continued stake in the Bitcoin Cash ecosystem


The logic of AntPool is clear. Burning coins will create a deficiency of BCH (Bitcoin Cash), and the price of assets will jump up and investors will see a return on investment. But pictures with the inscription 'Pump is not enough? Let's burn them!' already begin to appear in the BCH community. It is difficult to tell how this all will affect the asset’s future price and how many people will remain holders after the 15th, but we’ll sure find out.

Ether Capital recently began trading on the Canadian Stock Exchange and became available to investors on the Aequitas NEO Exchange on April 19

The completion of this transaction and commencement of public trading represents a critical step in Ether Capital’s mission. We are excited to provide investors with the opportunity to invest in the first publicly listed company focused solely on the Ethereum ecosystem and to help drive industry-shifting disruptive technologies

Som Seif, Executive Chairman and Co-Chief Investment Officer of Ether Capital

According to the company’s chief information officer, Ben Roberts, before entering into the Canadian Stock Exchange, the company talked with the Ontario Securities Commission (OSC) to get their blessing, after which they talked to banks to get them comfortable and to set up a custody solution to house the asset safely.

This is good news for ETH (Ethereum) and its holders. As you remember, last year the announcement of the beginning of bitcoin futures trading led to a great boost in price, which allowed it to pass through several resistance levels. At the same time, the capitalization of the cryptocurrencies market and bitcoin in particular has considerably increased.

Related news

Bitcoin Miners’ Refuge? Zcash Mining Hash Rate Sees 650% Growth

While the bitcoin hash rate has taken a downward shift during the latter half of last year, Zcash has been on a constant upward movement that could make it a crypto miners refuge. Miners Flocking to Zcash The reports of Bitcoin miners leaving the crypto mining scene has been doing the rounds since mid-2018 after the crash of 80 to 90 percent in cryptocurrency prices. Bitcoin is down about 82 percent from its all-time high at $20,000 to about $3,500. Around October, Bitcoin hash rate took a dip and only started upward descent in mid-December. According to Diar’s latest report, cryptocurrency miners are flocking to Zcash due its block reward halving period. “Cryptocurrency miners have found refuge in solving for Zcash with the block reward still two halving periods behind Bitcoin (Zcash follows the same controlled supply model with differing block times).” The privacy-focused cryptocurrency, Zcash is a code fork of Bitcoin protocol that uses  zero-knowledge proofs to “enable privacy-preserving transaction data.” It first came into existence in late October 2016. The hash rate of Zcash has been growing on a constant upward movement as can be seen in the 1-year chart above. “With 7200 ZECs up for grabs daily the networks mining hash rate has been able to sustain a 650% growth as other cryptocurrencies lose equipment in the face of the ongoing bear market and stiff competition.” Earlier this month, zooko Took to Twitter to share the ongoing developments in Zcash to share that “As expected, the GitHub thread about radically revamping Zcash mining is heating up. … It’s important because at today’s prices there is more than $400K/day of new Zcash issuance” The community is also working on Zcash blossom, a “dual-proof-of-work scheme, where one algorithm is backward compatible with current mining equipment, and another is designed to work well with GPUs on a temporary time scale.” Harmony mining will be affecting the miners as its goal is to make the Zcash ecosystem more resilient by “spreading issuance and political influence among distinct kinds of stakeholders.” The post Bitcoin Miners’ Refuge? Zcash Mining Hash Rate Sees 650% Growth appeared first on Coingape.

Iceland’s “Bitcoin Bandits” Sentenced in Big Crypto Mining Theft Case Worth Nearly $800,000 USD

It has been reported that the primary suspects in the “Big Bitcoin Heist” of 2018 have been sentenced to prison terms following the much-reported heist that saw them steal over $750,000 worth of crypto mining equipment. What Was The ‘Big Bitcoin Heist’? On January 16, 2018, the four men hired three more individuals in order to rob the Advania mines. The crew was able to steal 225 fully functional Bitmain mining rigs with the help from an ‘inside man’ and allegedly wore security uniforms. This particular heist was the crew’s biggest and the robbery reportedly took hours. The ‘inside man’ gave the thieves a security access code and a layout of Advania’s floor plan. Iceland police arrested two members of the gang on February 1, 2018, with an illegal stun gun and more than a half ounce of cocaine. From that point, one of the suspects purportedly turned on Stefansson and his gang, so the police were able to track down each member of the group following the first two arrests. The first of the individuals arrested include Sindry Thor Stefansson, who was originally arrested in April for the theft of mining equipment in the country. Based on translated court documents, another six individuals were tied into the charges, which is a total of ten criminal counts. The full charges include “possession of weapons, cocaine, and theft of over $2 million USD worth of mining computers and equipment.” What added a twist to the drama was when Stefansson escaped from prison. He was placed in the low-security prison a little over a week ago though he has been in custody. He fled through a window before taking the approximately 60-mile trek to Keflavík International Airport, where he used a stolen passport to board a passenger plane bound for Sweden and where security footage spotted him. Interestingly, he was on the same flight as the Prime Minister of Iceland. The Final Sentance All in all, seven men were sentenced for the heist, with Sindri Þór receiving the heaviest sentence. The computers were never found and the men were sentenced to pay Advania, the company that owned the computers, 33 million ISK(close to $270,634) in damages. Stefansson was not charged additionally for his attempted escape and just four and a half years in Prison. Hafthór Logi Hlynsson will serve 20 months and Matthías Jón Karlsson was sentenced to two-and-a-half years. Both Peter Stanislav Karlsson and Viktor Ingi Jónasson will have to spend 18 months behind bars while the others get lighter punishments.
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​ The purpose of OREToken project is to create a cryptocurrency that will be entirely backed by a company dedicated to the extraction of precious minerals such as gold. The holders will get share of profits which will be generated by the company Paraguay Mineral Mining SA (PMMSA). The purpose of the crowdsale is to raise the necessary funds for the acquisition of the Land, Concessions and Machines for extraction and recovery of Gold. In spite of some of the machinery equipment’s are readily available, Additional items will be required to start full scale mining plant. The ORET Token is one of the first options in the world of cryptocurrencies to invest and share the profits of a Gold Mining Company. With the aid of Blockchain technology, all ORET Token holders receive their weekly profits in Ethereum. Discovered by a local prospector in 1996, Paso Yobai is an emerging gold camp located in eastern Paraguay. The town of Paso Yobai is approximately 150 kilometers east of the capital city, Asunción. This document contains proprietary information. Written consent is required for distribution or duplication of any portion contained herein. ©2017, 2018 — Paraguay Mineral Mining SA 3 The property of the Association of APM (Asociación de Mineros Pequeños) covers a total of 83.37 hectares, which includes exploration concessions of the previously mentioned land. APM owns 100% of the exploration concessions that cover 850 meters of the gold trend and is fully licensed for extraction. We will provide an in-detailed article on the potential of gold mining shortly. “ The reason why we have not raised funds through private investors is the fact that as a company we think it’s in our best interest to have a diversified community from around the world who can acquire the benefits of our company. We wanted it to be a community driven project.” ~ Nicolaas Spangenberg, CEO of ORETOKEN, Over 9 years of experience in Gold Mining 45% of the company generated profits will be converted into Etherum and distributed among the holders.

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