When it comes to dealing with emerging technologies, the IRS tends to move slowly — too slowly for Congressman Tom Emmer, one of the leading advocates for digital assets on Capitol Hill. The Minnesota Republican has reintroduced legislation to provide a “safe harbor” for holders of forked cryptocurrencies, such as Bitcoin Cash and Bitcoin SV. 

The cryptocurrency market has undergone a significant correction in a few hours, with coins across the board – including Bitcoin (BTC) – experiencing steep drops in prices.

The market has shed more than $20bn since 12:00 BST. As the graph below shows, crypto’s total value had climbed steadily over the last couple of days, increasing by around $40bn from $320bn early on Sunday morning to just under $360bn by midday today.

A new form of digital asset vehicle will allow retail investors to make leveraged trades in cryptocurrencies without breaking strict European laws on trading products.

Estonia-based DX.Exchange has announced the launch of Smart Leverage Tokens – also dubbed ‘Turbo Tokens’ – that will allow clients to trade on margin without borrowing funds or having to undergo forced liquidation. Unlike ordinary Contracts For Difference(CFD’s), the new tokens will autonomously adjust their prices to market conditions.

• Bitcoin has a bullish short-term outlook, with the cryptocurrency testing towards the $13,000 resistance level
• The four-hour time frame shows that bulls are close to invalidating a bearish head and shoulders pattern
• The daily time frame shows that the BTC / USD pair is trading above the neckline of a large inverted head and shoulders pattern

Bitcoin has a bullish short-term trading outlook, with the BTC / USD pair testing back towards the best levels of the year so far.

• Ethereum has a bullish short-term trading bias while trading above the $300.00 level
• The four-hour time frame shows that a bearish head and shoulders pattern still remains valid
• The daily time frame shows that buyers continue to struggle with major technical resistance

Ethereum has a bullish short-term outlook, with the cryptocurrency continuing to hold price above the technically important $300.00 level.

• Enigma has a bullish short-term bias, with the cryptocurrency moving back towards its current 2019 trading high
• The four-hour time frame shows that a bullish pattern is now in the process of forming
• The daily time frame highlights an inverted head and shoulders pattern with a large upside projection

ENG is holding strong following the release of the second testnet for the “Secret Contract” Blockchain last month.

History is full of cautionary tales, provided by inept governments attempting to limit economic activity. While limiting commerce seems to come instinctively to some politicians,  the gradual rise of prosperity appears to be linked to the expansion of economic freedom. In other words, prosperity and freedom seem to go hand in hand.

The Heritage Foundation, a conservative think tank based in Washington, D.C., produces an annual Index of Economic Freedom. The index ranks countries along a spectrum of free, mostly free, moderately free, mostly unfree, and repressed.

According to recent analytics performed by The TIE, Africa’s Twitter sphere is feeling very bullish about Bitcoin. The continent is home to several businesses finding ways to use digital assets, so it’s no surprise that many would be optimistic about the virtual currency.

As for South America, well…they’re less enthusiastic.

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Cryptocurrency exchanges are navigating uncharted waters, but new regulatory guidelines could help these businesses reach land. The two leading U.S. regulators, the SEC and Financial Industry Regulatory Authority (FINRA), have released a joint statement on broker-dealer obligations for digital assets, clarifying some of the rules that apply to cryptocurrency exchanges.

Are you getting bored of your 9-5? Ripple Labs is hiring….but you might need to relocate. Faced with increased competition from the likes of Facebook and JPMorgan, the company behind XRP is seeking new talent in its quest to dominate the international settlements game.