🗞 Daily Crypto News, September, 26th💰
- Crypto Debit Card Coming to Mexico as Colombia, Peru Demand Soars ;
- Bitcoin Shopping App Fold Raises $2.5 Million to Bring Lightning to Retailers ;
- Libra Crypto Is ‘Undoubtedly’ a Wakeup Call for Central Banks, Says ECB Exec ;
- Bitcoin Price ‘Manipulated’ Before Futures Settlement Dates: Research ;
- Russian Banks: We’ve Found Ways to Tax Crypto Without Changing the Law ;
- 📑 Daily Crypto Calendar, September, 26th💰
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
🗞 Crypto Debit Card Coming to Mexico as Colombia, Peru Demand Soars
A banking company claims it will allow Mexican customers to make payments in cryptocurrencies using debit cards. The firm, named Tauros, says its new digital account lets customers keep money in fiat as well as tokens including bitcoin.
Although the company says its new card currently only allows peso transactions, it claims that “in the coming months, customers will be able to make payments in cryptocurrencies such as bitcoin.”
Cryptocurrencies are not legal tender in Mexico, but Tauros says it has a way to get around the problem. According to El Universal, the company states that Mexican law recognizes cryptocurrencies as a “means of storage or value transfer, with which payments can be made.”
🗞 Bitcoin Shopping App Fold Raises $2.5 Million to Bring Lightning to Retailers
The lightning-friendly Fold App, which allows users to spend bitcoin on goods like clothes and pizza and then earn bitcoin-back rewards, just added fiat capability after raising its first round as an independent startup.
Fold product lead Will Reeves told CoinDesk the startup spun out of Thesis with a $2.5 million raise led by Craft Ventures, CoinShares, Slow Ventures, Goldcrest Capital and Fulgur Ventures, among others. Reeves said that capital will go towards cementing partnerships, both in the cryptocurrency and retail space.
“We’ll be rolling out subscription options for merchants and consumers soon that will provide premium services and highest rewards,” Reeves said, adding:
“When people spend fiat at retailers they will receive BTC rewards. They can spend those rewards or withdraw them to an on-chain address. In the future, we are releasing an update that allows people to withdraw rewards directly to lightning, which will lower fees and make it more usable.”
🗞 Libra Crypto Is ‘Undoubtedly’ a Wakeup Call for Central Banks, Says ECB Exec
Facebook’s Libra could potentially solve some of the problems in the international payments market, but it might create a number of others that will require creative thinking by the regulators, says an European central banker.
In comments to the German federal parliament Bundestag on Wednesday, Benoit Coeure, a member of the Executive Board of the European Central Bank (ECB), said “Libra has undoubtedly been a wakeup call for central banks and policymaker,” and they should respond to these challenges.
He added that stablecoins, in particular Facebook’s Libra cryptocurrency, could help connect the 1.7 billion people globally who are now off the financial grid while at the same time making cross-border payments cheaper, faster and more transparent.
🗞 Bitcoin Price ‘Manipulated’ Before Futures Settlement Dates: Research
New research this week has added to suspicions that futures settlement dates end up manipulating the Bitcoin (BTC) price.
Bitcoin drops 75% of the time before futures expire
According to findings from Arcane Research reported by Norwegian crypto news outlet Kryptografen on Sept. 24, CME Group’s Bitcoin futures settlement dates, in particular, appear to negatively influence BTC markets.
Analyzing price behavior from January 2018 to August 2019, the company found that 75% of the times immediately before CME issued payouts, Bitcoin fell.
CME was one of the first operators to launch Bitcoin futures in December 2017. Since then, interest has peaked, with this year seeing frequent all-time highs for trading volumes.
🗞 Russian Banks: We’ve Found Ways to Tax Crypto Without Changing the Law
Russian bankers and their lawyers appear to have uncovered creative legal loopholes that could let tax authorities in the country tax crypto holders – without even having to change the country’s taxation code.
Per a report from Izvestia, the Association of Russian Banks has drawn up a document that alleges that although most states – Russia included – do not want to define cryptocurrencies as money in legal documents, token holders could still be subject to taxation.
The document explains that instead of classifying bitcoin, altcoins and the like as money, courts could consider coins as “property” or even “treasure.”
📑 Daily Crypto Calendar, September, 26th💰
- Cardano (ADA)
Cardano Blockchain meetup in Washington DC.
- Siacoin (SC)
"Sia meetup in LA next week, Date: Thursday, September 26 Time: 5 pm - 8 pm Location: @USC EEB-248"
- LTO Network (LTO)
"We’re getting close to the launch of the Proofi Beta on September 26th!"
- Horizen (ZEN)
Team updates from the following divisions: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.
- Valor Token (VALOR)
"Set your Reminder for the Thursday 26th of September at 1:00PM CEST."
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yersterday :
Here is the current chart :
Yesterday, I was saying that we need to check if the support line at 0.154$ will hold us or not. The correction started on the BTC really destroyed our support. We are now a weird situation as we are in position to go test the all time low of the STEEM around 0.07$... Quiet sad to see that but again the market is always true. I expect a symbolic support around 0.10$ but if the BTC decides to make at new correction when we will be around these levels, be sure we will again explode that support. Let's see, it starts to be a nice price to buy some STEEMS, however be very carefull because we could see a little bounce before the DROP continuation.
Last Updates
- 🗞 Daily Crypto News, September, 25th💰
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- 🗞 Daily Crypto News, September, 19th💰
Join this new Free To Play on the STEEM Platform !
If Facebook is going to be the U.S. Version of China's social credit score system it makes sense the new currency would be tied to it. Total grid control
Yup... that is scary my friend !
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The force is with you! You got a 12.73% upvote from @steemyoda courtesy of @vlemon!
@vlemon, One thing is for sure and that is, now we are seeing some stepping stone steps in Cryptocurrency Space and Cryptocurrency is coming up as Real Use Case. Let's hope for the best and stay blessed.
I think givernments will be hapoy to know how Russia banks are going to tax crypto. They will all want to get into if
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