Chainalysis Secures $30M: Despite Bitcoin Crash, Crypto Venture Money Still Flowing

<p>The so-called &ldquo;crypto winter&rdquo; has undoubtedly been tough on a majority of this ecosystem&rsquo;s upstarts, even those with supposedly colossal war chests and copious amounts of talent. Heck, earlier this week, Ripple cut Bloomberg alumni Cory Johnson, the fintech firm&rsquo;s chief market strategist, due to shifts in the Bitcoin winds. Bitmain, Huobi, and ShapeShift are<a href="https://www.newsbtc.com/2019/02/16/chainalysis-secures-30m-bitcoin-crash-crypto-venture-money-flowing/">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/02/16/chainalysis-secures-30m-bitcoin-crash-crypto-venture-money-flowing/">Chainalysis Secures $30M: Despite Bitcoin Crash, Crypto Venture Money Still Flowing</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com/">NewsBTC</a>.</p>

Crypto Markets Experience Mixed Trading Session, Analysts Expect Ethereum and Litecoin to Drop in Near-Future

<p>The crypto markets have continued to gradually drift lower following last Friday&rsquo;s market surge. Most cryptocurrencies have dropped today, with Ethereum trading down marginally, and XRP dropping nearly 2% due to concerns regarding the newly announced JP Morgan crypto (JPM Coin) possibly being a competitor. Many analysts now expect major cryptocurrencies, including Litecoin and Ethereum,<a href="https://www.newsbtc.com/2019/02/15/crypto-markets-experience-mixed-trading-session-analysts-expect-ethereum-and-litecoin-to-drop-in-near-future/">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/02/15/crypto-markets-experience-mixed-trading-session-analysts-expect-ethereum-and-litecoin-to-drop-in-near-future/">Crypto Markets Experience Mixed Trading Session, Analysts Expect Ethereum and Litecoin to Drop in Near-Future</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com/">NewsBTC</a>.</p>

XRP Holds Strong After JP Morgan ‘Slaps’ Ripple With Bank-Centric Crypto

<p>Ripple and its go-to crypto asset, XRP, have long been a nuanced topic of discussion in the cryptosphere. Many have argued that the San Francisco-based fintech startup, deemed a company to watch by Forbes, is sleeping in bed with banks, along with other incumbents of the legacy world. But, this might not exactly be the<a href="https://www.newsbtc.com/2019/02/15/xrp-holds-strong-after-jp-morgan-slaps-ripple-bank-centric-crypto/">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/02/15/xrp-holds-strong-after-jp-morgan-slaps-ripple-bank-centric-crypto/">XRP Holds Strong After JP Morgan &lsquo;Slaps&rsquo; Ripple With Bank-Centric Crypto</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com/">NewsBTC</a>.</p>

Bitcoin (BTC) Stable Above $3,600, But Analysts Warn That Further Losses are Likely

<p>Bitcoin has continued to express stability around its current price levels in the low-$3,600 region. Despite being stable currently, BTC has not been able to garner any buying pressure at its current prices, which may signal technical weakness. Now, analysts are claiming that Bitcoin may see further losses in the near-term, as its price has<a href="https://www.newsbtc.com/2019/02/15/bitcoin-btc-stable-above-3600-but-analysts-warn-that-further-losses-are-likely/">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/02/15/bitcoin-btc-stable-above-3600-but-analysts-warn-that-further-losses-are-likely/">Bitcoin (BTC) Stable Above $3,600, But Analysts Warn That Further Losses are Likely</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com/">NewsBTC</a>.</p>

Crypto Analyst: Bitcoin Price Stuck Between Converging Moving Averages Until Mid-Year

<p>Traders, investors, and analysts are all watching Bitcoin price charts in hopes to better predict when the current crypto bear market ends and a new uptrend will resume. One particular crypto analyst believes that the Bitcoin price will continue to be squeezed tightly together until at least mid-year, as it consolidates between two important converging<a href="https://www.newsbtc.com/2019/02/15/crypto-bitcoin-price-moving-average/">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/02/15/crypto-bitcoin-price-moving-average/">Crypto Analyst: Bitcoin Price Stuck Between Converging Moving Averages Until Mid-Year</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com/">NewsBTC</a>.</p>

Litecoin (LTC) Up 26.3% In the Last Week, What’s Bogging Down Price?

<p>Litecoin prices up 26.3 percent Adoption levels on the rise Transaction volumes low but up from Dec 2018 Despite short-term sell pressure, Litecoin (LTC) is on the rise and adoption levels picking up. We can only conclude this as bullish and a pre-requisite for higher highs above $50. Litecoin Price Analysis Fundamentals The price of<a href="https://www.newsbtc.com/2019/02/15/litecoin-ltc-up-26-3-in-the-last-week-whats-bogging-down-price/">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/02/15/litecoin-ltc-up-26-3-in-the-last-week-whats-bogging-down-price/">Litecoin (LTC) Up 26.3% In the Last Week, What&rsquo;s Bogging Down Price?</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com/">NewsBTC</a>.</p>

Wyoming Passes New Friendly Regulations for Crypto Assets

<img alt="wyoming.jpg" height="529" src="https://fs.bitcoinmagazine.com/img/images/wyoming.width-800.jpg" width="800"><br><div><div><p>The Wyoming state government has been expanding its status as a hub for crypto and blockchain technology by passing several new bills this February.</p><p>According to Wyoming-based blockchain advocate <a href="https://bitcoinmagazine.com/tags/caitlin-long/">Caitlin Long</a>, the state of Wyoming has recently <a href="https://twitter.com/caitlinlong_/status/1096116466259116032">passed</a> resolution <a href="https://www.wyoleg.gov/Legislation/2019/SF0125">SF0125</a> on February 14, 2019, claiming that Wyoming &ldquo;law recognizes property rights in the direct ownership of digital assets.&rdquo; The bill plainly states &ldquo;that digital assets are property within the Uniform Commercial Code&rdquo; and goes on to elaborate some of its ramifications.</p><p>Long gave a succinct rundown of the bill&rsquo;s most salient points, stating that &ldquo;In other words, you're not forced to own digital securities through an intermediary. Blockchain tech enables direct ownership of assets, and now the law does too.&rdquo; Since property law in the United States is in the hands of state jurisdiction, this new step is not only safe from the federal government but also can serve as a model for other states.</p><p>&ldquo;It makes perfect sense that Wyoming is the epicenter of blockchain law in the US,&rdquo; said Long, a Wyoming native. &ldquo;That's also why institutional investors, which are prohibited by federal law from directly owning the assets they manage, can rest assured that Wyoming's digital asset custodians are actually solvent.&rdquo;</p><p>This is not the only accomplishment made by pro-crypto voices in Wyoming, however. On February 2, 2019, the Wyoming State Senate also passed a bill updating the classification of crypto assets, including a clause to formally label them as currencies.</p><p>According to the <a href="https://www.wyoleg.gov/Legislation/2019/SF0125">text</a> of the bill, crypto assets can be considered to have three different statuses for legal purposes: digital consumer assets, digital securities and virtual currencies. All three of these definitions are specifically registered as personal property rather than private property, formally upholding a stance that <a href="https://www.lexology.com/library/detail.aspx?g=37590569-3f6e-4c5e-bd0e-171a178938e9">other</a> <a href="https://www.pwc.com.au/legal/assets/legaltalk-alert-legal-classification-of-crypto-assets-16-october-2018.pdf">jurisdictions</a> overseas and abroad have taken.</p><p>More significantly, however, the bill also further elaborates on the specific terms and conditions for each of these three statuses. In addition to the respective classifications of &ldquo;general intangibles&rdquo; and securities, the bill also states that &ldquo;virtual currency is intangible personal property and shall be considered money.&rdquo;</p><p>In redefining the legal status of crypto in this way, it formally opens up the possibility for ordinary citizens to treat crypto as an actual currency on a daily basis. This, in turn, could provide the impetus for a more comprehensive tax code or new business use cases.</p><p><a href="https://bitcoinmagazine.com/tags/wyoming/">Wyoming</a> has been cultivating a reputation as a major crypto haven in the United States, in a bid to angle itself as the blockchain hub of the nation. In addition to enabling blockchain into <a href="https://distributed.com/news/legislation-wyoming-could-enable-blockchain-based-stock-certificates">stock certificates</a> with bipartisan support in January 2019, Wyoming has <a href="https://bitcoinmagazine.com/articles/wyoming-passes-bill-secure-banking-relations-blockchain-companies/">also</a> helped make banking laws more friendly for blockchain companies last December. Many Wyoming legislators are evidently, at the very least, sympathetic to making blockchain a new Wyoming industry and further friendliness can be expected in the future.</p></div></div> <p><em>This article originally appeared on <a href="https://bitcoinmagazine.com/">Bitcoin Magazine</a>.</em></p>