🗞 Daily Crypto News, November 15th 💰

• Bitcoin’s Roger Ver and Mate Tokay Join NAGA Board of Advisors
• Chinese Power Provider Denies Bitcoin Mining Ban
• Singapore's Central Bank Outlines When ICOs Are and Aren't Securities
• How a Coin Makes it to an Exchange, Starting From Bottom
• Trezor Announce Support for Bitcoin Gold But Other Platforms Steer Clear
• The IRS May Get Approval to Conduct Coinbase Tax Probe
• STEEM Trading Update by @cryptopassion

🗞 Bitcoin’s Roger Ver and Mate Tokay Join NAGA Board of Advisors

The NAGA Group AG welcome Bitcoin.com CEO Roger Ver and COO Mate Tokay to the NAGA board of advisors

German FinTech company The Naga Group AG announced today that Bitcoin.com CEO Roger Ver had joined NAGA’s board of advisors. Furthermore, Ver’s colleague and Bitcoin.com COO Mate Tokay has joined the project as an advisor as well. Both men are well respected and considered to be key influencers within the cryptocurrency community and will bring a wealth of experience and insight to NAGA.

Read more & Source: https://themerkle.com/bitcoins-roger-ver-and-mate-tokay-join-naga-board-of-advisors/

🗞 Chinese Power Provider Denies Bitcoin Mining Ban

A state-owned electric utility in China is rebuffing rumors that bitcoin mining has been deemed illegal by the government.

Rumors spread in the past day – based on a circulated document – indicating that the country's State Grid was moving to ban bitcoin mining at a county level in Sichuan province, an ostensibly notable development given the area's abundant water supply for electricity generation and the fact that profit-chasing bitcoin miners are headquartered in the region.

A translated version of the document states that "bitcoin mining is an illegal activity," further adding that "each State Grid connected generator that is involved in powering bitcoin mining is also regarded as an illegal practice, which shall be prohibited." The document includes the official stamp of the State Grid's Dan Ba county branch, located in Sichuan.

Read more & Source: https://www.coindesk.com/state-owned-power-provider-denies-chinese-bitcoin-mining-ban-rumors/

🗞 Singapore's Central Bank Outlines When ICOs Are and Aren't Securities

Singapore's de facto central bank has published new guidelines on initial coin offerings (ICOs), outlining how token sales would be viewed under its securities laws.

The MAS said:

"Offers or issues of digital tokens may be regulated by MAS if the digital tokens are capital markets products under the SFA. Capital markets products include any securities, futures contracts and contracts or arrangements for purposes of leveraged foreign exchange trading."

Read more & Source : https://www.coindesk.com/singapores-central-bank-outlines-icos-arent-securities/

🗞 How a Coin Makes it to an Exchange, Starting From Bottom

In the beginning, there was Bitcoin, and in those simpler days, everyone wants a piece of it, and everyone who was in the business was offering it. Then came along Ethereum, as a rival, exchanges ummed and ahhed if it was a legitimate enough to work with.

“We also factor in the operational resources; securing customer funds by moving most of it between a live hot wallet and an offline cold storage environment. Community resources; educating customers on the actual use case and why the currency matters and being able to assist customers with their queries. Finally, design resources; how to fit an increasing amount of random currencies in an app that has been designed to be elegant and easy to use.”

“We have had a lot of requests from many coin developers to add their tokens with us. Some of these might have potential in the long run, but many of them appear to be outright fraudulent. We have been offered free exposure and premined tokens, but we have declined all these requests.”

Read more & Source : https://cointelegraph.com/news/how-a-coin-makes-it-to-an-exchange-starting-from-bottom

🗞 Trezor Announce Support for Bitcoin Gold But Other Platforms Steer Clear

Hardware wallet manufacturer Trezor have announced support for Bitcoin Gold, making them one of the few major platforms to commit to the fledgling fork. While Trezor integration is good news for BTG, it illustrates the lack of mainstream vendors who’ve pledged to accept the new digital currency.

Read more & Source : https://news.bitcoin.com/trezor-announce-support-bitcoin-gold-platforms-steer-clear/

🗞 The IRS May Get Approval to Conduct Coinbase Tax Probe

This week the battle between the U.S. Internal Revenue Service (IRS) and the San Francisco firm Coinbase is heating up once again as a U.S. Magistrate Judge is siding with the tax collector.

“It’s legitimate for them to investigate whether people are making money on their bitcoin purchases and paying taxes on any gains,” explains Judge Corley.

"I have to give tremendous discretion to the agency as to how they investigate."

Read more & Source : https://news.bitcoin.com/the-irs-may-get-approved-to-conduct-coinbase-tax-probe/

STEEM Trading Update by @cryptopassion

Yesterday in my publication here, I was saying you that we were breaking the red triangle. It is now done :

The next objective is now to try to test the resistance line of the blue triangle.
We could try to test it directly or go back on the support line of the blue triangle before we start a new up to test it.

So in one word, this is not a spectacular UP but at least we are on the good way.

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