Assets

Fresh from accomplishing its maiden funding round, Bakkt declared its first acquisition on January 14. The daughter firm of the Intercontinental Exchange (ICE) is also considering the feasibility of expanding beyond the U.S. market.

A committee headed by Subhash Chandra Garg, the Secretary Department of Economic Affairs, responsible for giving recommendations for the regulatory framework associated with cryptoassets in India is purportedly evaluating the legitimization of the asset class under concrete regulation. There is a common consensus that digital currency can’t be disregarded as entirely illegal.

Two Congress members of the U.S. House of Representatives are now looking for ways of exempting cryptos and other digital assets from the federal standard securities laws. A bill was tabled before Congress on December 20, 2018.

All businesses operating in Italy that use crypto will not enjoy the full importance of decentralised economy. Firms based on the digital currency mechanism or using crypto won’t be qualified to register their commercial enterprises with Business Register. The Italian court judge made a ruling in a decree number 7556/2018 late November, 2018.

Scammers were engineering the price of cryptocurrencies such as Bitcoin (BTC), Ripple (XRP) Ethereum (ETH) such that they could stump their holdings onto unforeseen traders at a much higher price, shows a new academic paper analysing the size of market invective in digital assets.

The tax agency of the U.K published an exhaustive explanation of how it looks at digital assets plus how users will be taxed on their holdings, on Wednesday, December 19, 2018. Now, individuals who get crypto as a gift won’t pay the same taxes as those anticipating to accumulate money with them.

While the rest of the crypto market has been stagnant for quite some time, market analysts are noticing the growing spread, and the rise in the number of transactions involving stablecoins in blockchain. Experts at ICOBox evaluated the pros and cons of these "stable coins" and came up with their conclusion regarding their chances to replace bitcoin.

Coinbase, the crypto exchange bull, rolled out a new feature on Thursday, December 13, 2018, making its online trading platform more ergonomic. It has officially issued a watchlist feature to its online user interface. The notice is part of Coinbase’s 12-day announcements event.

2018 has unquestionably been one of the more ill periods for digital assets in terms of prices, though it has not been considered indicative with feelings of pessimism and despair because adoption is highly increasing as real usage of digital currencies is on the rise. Over the last month, the Bitcoin (BTC) price deeply plunged and is standing at around $3,400. At press time, other major cryptos such as Ripple (XRP), Ethereum (ETH) and Stellar are trading at $0.304, $90.9 and $0.1115 respectively.