Sharing Selfies Could Now Help You Earn Money in Cryptoworld (Coin Telegraph)
Sharing the latest pictures of avocado toasts and latte hearts with the world might become a part of the crypto economy. A startup called Selfllery wants to create a new take on that of social media influencers on Instagram, Snapchat and other well-known picture sharing platforms- just with a crypto twist. “From the rock art to modern ads, humans have placed value on art,” says Vadim Onishchenko, founder and CEO of Selfllery. We have just tipped over to 2018, but according to statistics about 1.2 tln digital photos were taken last year. Today’s social networks have mechanisms in place for users to make money from their online activity, adds Onishchenko.
Italian Crypto Businesses to Register Under Proposed New Rules (Coin Desk)
The Italian government is seeking feedback on proposed cryptocurrency regulations intended to clarify the technology’s use within the country. A summary of the proposed rules explains how service providers that accept cryptocurrencies would have to report their business and earnings to the Ministry of Economics and Finance, as well as what the government will do with that information. The full decree also clarifies that, while cryptocurrencies are “used as a means of exchange for the purchase of goods and services, [they are] not issued by a central bank or by a public authority, [and are] not necessarily connected to a currency having legal tender.”
Pixabay/Public Domain
UK Banks Block Bitcoin Purchases with Credit Cards (GSM Arena)
Lloyds Banking Group which owns Halifax, Bank of Scotland, MBNA and Lloyds will block Bitcoin purchases with their credit cards. The restriction is applied because the financial institutions worry that their customers might borrow cash to invest in the cryptocurrency and might end up in debt. Bitcoin price jumped from $800 to over $18,000 in 12 months, as the public interest grew. The price is currently under $8,000, and banks are worried their customers might get caught up in the craze and end up maxing out their credit cards.
Ethereum Price Has Taken Out Strong Support During Trading on Monday (FX Street)
The price of Ethereum has remained within firm control of the market bears, given the market wide uncertainties, China crypto crack down, allied with SEC sparking panic due to them setting a hearing on 6th February. There was strong support seen around $775, which the market has now broken, after testing multiple times during trading. The level of support had held on many occasions, but given the wide market pressure, it has forced to give way and open gates to potential further downside. Given the above breach, next support looks to be around $635, where the price briefly consolidated in December 2017 before its large bull run. The bearish momentum is forcing the price to a 100% Fibonacci retracement, towards an extreme downside level of around $430.
RoboForex Has Added 4 New Cryptocurrencies (Ethereum World News)
Belmopan, Belize/ Jan. 05, 2018 — RoboForex, an international financial broker, is expanding the list of cryptocurrencies available for trading via MT4 and MT5 platforms. Apart from Bitcoin and Ethereum, the Company’s clients will have an opportunity to trade Bitcoin Cash, Dash, Litecoin, and Ripple. New instruments are already available for trading RoboForex continues expanding access to cryptocurrencies for its clients and adds new instruments, BCHUSD, DSHUSD, LTCUSD, and XRPUSD, which are available for trading via popular MT4 and MT5 platforms. Trading conditions for new digital currencies will be the same as for BTCUSD and ETHUSD pairs and can be found here. The leverage applicable for the instruments is fixed at 1:10.
Bitcoin Sell-off Accelerates as Credit-Card Issuers Extend Ban (SCMP.com)
Bitcoin declined for a fifth day, breaking below US$7,500 (HK$58,658) and leading other digital tokens lower, as Lloyds Banking Group Plc joined a growing number of big credit-card issuers halting purchases of cryptocurrencies on their cards. The biggest digital currency sank as much as 16 per cent to US$7,175 as of 10:28am in New York, according to composite Bloomberg pricing; it had climbed to US$7,322 as of midday. It has erased more than 60 per cent of its value from a record high US$19,511 (HK$152,602) in December. Rival coins also retreated on Monday, with Ripple losing as much as 14 per cent and Ethereum and Litecoin also weaker.
Tether’s USDT Has Become a Great Way to Increase One’s Bitcoin Holdings (TheMerkle.com)
Tether’s USDT has always been a very interesting currency for many reasons. It is supposed to be pegged to the US dollar at a 1:1 ratio, which has created some speculation as to how the company can keep the price at that level. Indeed, the value of USDT hardly ever shifts, even though it is slightly above US$1 right now. What is of great interest are its current trading volume and the USDT price increase compared to both Bitcoin and OMNI.
Neo (NEO) Worst Hit By Chinese Cryptocurrency Ban (Crypto Recorder)
Neo (NEO) has won itself a special place at the heart of the Chinese people earning it the name “Chinese Ethereum”. At a time when almost every cryptocurrency is getting jittery about the actions of the Chinese government towards the booming cryptocurrency market, it is wonder how the NEO cryptocurrency will continue stealing the show in China. In addition to the ban on cryptocurrency trading in China, there have also been fears of companies behind cryptocurrencies having to refund the amount they collected using the Initial coin offering (ICO). Taking into consideration that most cryptocurrencies gather their initial funds to support the project through ICO, refunding can be a devastating move and it could cripple many crypto coins.
This Airline Is Launching a Frequent Flyer Program Inspired by Cryptocurrency (Time.com)
Singapore Airlines is rolling out a digital wallet based on blockchain technology that passengers can use to spend their frequent flier miles. “I think we are the first airline to do it,” Goh Choon Phong, the airline’s chief executive, said at the Singapore Airshow Aviation Leadership Summit, according to Reuters. The blockchain technology the airline will use is only available for its partners and vendors, the company said in a statement. Blockchain technology is a decentralized way of maintaining records through a peer-to-peer network. It’s a core component of bitcoin and many other digital currencies.
Texas Cracks Down on Another Cryptocurrency Seller (Dallas News)
The Texas Securities Commissioner is continuing its crackdown on unregistered investment pitches tied to cryptocurrency by issuing its fourth emergency cease and desist order. Late last week commissioner Travis J. Iles entered the emergency order against DavorCoin, an entity offering investments in a cryptocurrency lending program in Texas. The emergency order found that DavorCoin told investors they can earn whopping profits by investing in a lending program based on a new cryptocurrency known as davorcoin. Investors allegedly purchase davorcoin (the currency) and then lend it to DavorCoin (the entity).
