Spike In P2P Trading Activity In Eastern Europe
According to crypto news outlets, there had been [a spike of trading activities in Eastern European peer-to-peer (P2P ) markets.](https://news.bitcoin.com/eastern-european-p2p-markets-see-strongest-btc-volume-in-over-12-months/£
So much so that it has seen the strongest BTC volume in over 12 months in Russia, Ukraine and Romania.
This was revealed on the release by LocalBItcoin witch was operating in the said territories.
There had been approximately 4,565 BTC trade with the Russian Ruble (RUB) on the P2P platform.
The record setting transaction volume occurred during the last week of December 2018 and has been the strongest seven days of trade activity since May 6, 2017.
The same can be said with other countries which are registering inclined number of transactions during the same period.
Only time will tell if this momentum will carry over in 2019.
One thing is for sure despite market conditions, the Eastern European markets seem to continue to grow giving the crypto community something to cheer about despite the persisting bearish sentiments .
Bitcoin ETNs Are Needed For Crypto To Moon According to CBOE CEO
The chief executive at the Chicago Board Options Exchange (CBOE), Edward Tilly, believes that the lack of Bitcoin exchange-traded note (ETN) may be the reason why there are no substantial growth on their crypto platform.
ETN are usually debt-secured rather than physically-backed.
They are products that allow retail investors to gain exposure to hard-to-access assets.
Tilly believes that a new financial mechanism like ETN could be a more interesting and useful financial mechanism for the average Joe and Jane, the retail investors.
This is primarily due to the low barrier to entry conditions that might favor more said investor class.
To prove his point by citing the success of a world-renowned index of volatility, VIX, that owes its success to futures, trackers and ETNs working in tandem.
However while the idea of Tilly is well and good he did say that there remains regulatory concerns over this idea, similar to what a Bitcoin ETF is encountering.
Regulatory concerns are still valid such as issues on manipulation and liquidity.
Nevertheless we might see this type of financial mechanism in the future.
Taxation For Cryptocurrencies Will Take Effect In Chile This Year
It has been recently reported that citizens of Chile will start paying taxes on their cryptocurrency earnings starting this year 2019.
While crypto assets are not subject to Value–Added Tax (VAT) since they are intangible assets earnings from crypto-related activities will have to be subject to income tax as it swells up the total income of the citizen.
The Internal Revenue Service (Servicio de Impuestos Internos SII) has recently included a section for crypto-related earnings.
For the first time ever it has included a section in its forms for cryptocurrencies.
It is also requiring those who are trading cryptocurrencies to register their operations through Tax-exempt invoices so that their activities could be monitored.
It seems that the government of Chile has started monitoring cyrptos as citizens in the country has been using them as valid currencies to trade products and services.
The move seems to be odd as the government has not decided yet with finality the legality of the new asset class.
The move of SII is seen as positive to the crypto as it offers legitimacy to cryptocurrencies.
Crypto-Economic Data From Coindesk Is Now Available In Github
According to a news article released in their website, Coindesk will now be sharing its Crypto-Economic Data in Github.
The move will help the company to crowdsource potential methodology changes and data sources for its Crypto-Economics Explorer (CEX), the comprehensive data tool designed to measure and compare crypto assets.
This will help the company to address concerns that the current methodology Coindesk uses in calculating developer interest is inefficient due to the limited data source it gets its information.
The solution to this problem is for the Coindesk to go directly to the developer communities and enable coders to provide their own input on the firm metric.
This means Coindesk Data has now published the methodology and data sources for CEX’s developer interest in Github.
The company is hoping that the forum will help them develop the methodology of their metrics, spark productive debate and engagement as well as scale the coverage of their system.
With that being said it is not hard to see why Coindesk remains one of the most influential blockchain company in the whole crypto space.
27 Financial Companies Adopting XRP
It has been revealed by an online news outlet that there are now about 27 companies that are utilizing XRP as a means to accept payment or for cross border settlements.
Out of the 27 there is about 13 companies that will be using its xRapid which is designed to utilize XRP to move value across borders.
The latest of is Euro Exim Bank which plans to use the Ripple network for cross border settlement across 80 countries.
The 13 companies that will use xRapid are: Euro Exim Bank, Bittrex, Bitso, Coins.ph, Bitstamp, Caullix, Mercury FX, Catalyst, SBI Virtual Currencies, IDT, Viamericas, SendFriend and Bitrue.
xRapid was launched by Ripple for commercial use back in October 2018.
The technology is a regulatory compliant way to use digital assets to send payments globally.
The other 14 companies will not be using using xRapid technology of Ripple but will be using XRP to transfer value from one point to another across the world.
These companies includes Travala, r3, Omnin, Transpaygo, FlashFX, JNFX AsiaMTM, Arrington Capital, Coil, Nexo, FTCS, BiChip, Selly and XRP Tip bot.
Headlines for the world of Cryptocurrencies - January 19, 2019Houbi’s Derivatives Market Has Surpassed $20 Billion / Co-Founder Of Ethereum Joins ErisX / Coinbase Acquires New Tech Startup Blocksping / Better Year Ahead Compared To 2018 / American University Professors Creating The Next Generation Cryptocurrency |
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Headlines for the world of Cryptocurrencies - January 18, 2019Cold Storage Trading Launched / South Africa Not Inclined To Band Cryptos / Coin-Counting Machines Now Offers Bitcoin Purchases / Bitcoin ETF Application Heating Up / Investors Not Taking The Plunge To Crypto Space |
Headlines for the world of Cryptocurrencies - January 17, 2019The Main Stock Exchange In Thailand Applies For Cryptocurrency License / New Fiat-To-Crypto Outpost For Binance / Wyoming Mulling Over Tokenize Stock Certificates / $16 Million In Series A Investment For Blockchain Supply Chain Platform / Brave Launching Pay-To-View Initiative |
