Hi beloved reader, welcome to today's digest.
As you know it, the crypto space never sleeps nor slows down and it takes a lot to keep up with some happenings that are worth noting.
This short digest will highlight some updates and different events that popped in the news and social networks yesterday, that busy schedule might have kept you from.
After a few months of consolidation between the $3,800 - $4,200 price mark of BTC.
The market (BTC) has finally found a new price balance between $4,900 - $5000 price mark.
Base on the current sentiment, this is a nice move for the future direction of price and developments.
The trigger for the recent price move is not yet identified, prompting many experts to call out on investors and traders to be more vigilant about the chosen measures being implemented to guide against unpredictable price movement in any direction.
It is believed the market makers are at it again.
Which in general opinion is not so good for the future of the space, as we are at their mercy and must oblige with any direction they decide to toss the coin.
Enough of the price and market evaluation.
Let dive in into some few events and news that surfaced yesterday.
The Digest
Despite the recent not-for-the-faint-hearted long bear market, cryptocurrency adoption continues to grow. Over 300 cities in Slovenia including 'Bitcoin City' have integrated and adopted mobile cryptocurrency payments via Elipay, which covers most service and product categories such as food and drinks, fashion, electronics, services, sports, and others.
Enigma the company behind Elipay is working on expanding cryptocurrency payment throughout the whole of the country. The ease of crypto payments through Elipay was made feasible through fiat value (euro) which was backed by the Bank of Slovenia.
Enigma vision towards crypto payments is not limited to the country of its origin as it is targeting a global expansion.
The first move has been made with Croatia and Elipay was approved to legally operate in the country by the National bank of Croatia. Read the thorough news on news.bitcoin.com
Even the tax sector wants some share of the pie
As April 15 'the deadline day for filing taxes in the US' is drawing closer. Cryptocurrency tax filing software CryptoTrader.Tax has incorporated with leading America tax software intuit TurboTax to allow for complete documentation of loss and gain of crypto traders for proper tax filing.
Cryptocurrency is classified as a property by the Internal Revenue Service and as such, it is a mandate for every US citizens dealing with the digital assets to report their trades for necessary filing for tax payments.
Read more on this on Cointelegraph
Greener mining regulation
Cryptocurrency mining is well known for its wastage of electric power and its adverse effect on the environment.
A county in the US, the Missoula County of Montana is imposing rules to regulate local cryptocurrency mining operations, stating they aim “to protect the public health, safety, morals, and general welfare of county residents.”
In other to start operation, miners are required to register and be bound by the laws. Operations are also meant to be conducted only in Light Industrial and Heavy Industrial districts, with compliance to certification that all electronic waste produced, will be handled by a Department of Environmental Quality-licensed recycling firm.
Further, pre-existing mining establishments that are currently operating would be granted the right to continue operating but won't be allowed to extend their operating area.
This mining regulation move was taken by the country after her staff claims a mining firm "Hyperblock" uses as much electric energy as one-third of all homes in the county and plan to even expand the power usage exponentially.
Continue reading the regulation move on Cointelegraph
Coinbase makes the top 50 for most popular employers.
For the first time, a cryptocurrency focused establishment makes the top 50 of LinkedIn for the company with most employers.
As a world-leading cryptocurrency exchange in the United States Coinbase was ranked as one of the leading company with the most popular employer for the ongoing year 2019.
Adorning the 35 spots on the ranking, coinbase is reported to be run with about 600 employees, which put coinbase ahead of JPMorgan at spot 44. Coinbase was mostly lauded for its staff retention rate. The ranking took into consideration some parameters which include: job demand, interest in the company, engagement with employees and employee retention. Top companies that also features on the list include Alphabet, Facebook, and Amazon among others.
Read the in-depth report on Coindesk
Some other update and report in the news
Binance official wallet "Trust Wallet" announced a plan to implement a staking feature in its wallet.
VK 'the Russian social giant' launch coin that user can mine via a mobile app.
Roger Ver suggested these books to change your view about the world (Youtube video)
Here is what Coinbase CEO Brian Armstrong has to say about the vital ingredient needed for widespread cryptocurrency adoption.
The Royal Bank of Scotland announced renewed blockchain interest after trials with real estate
Bitfury and Longenesis jointly launched production of a blockchain-based consent management system for doctors and patients.
Here comes the conclusion of yesterday's update and reports worth noting.
Thanks for your time reading the digest.
Remember to come tomorrow for today's date.
Cheers :-)
Disclaimer
The content of this post is intended for information purpose only and should never be taken as an investment or trading advice. All information contained herein are linked to their respective sources without being taking word for word in quotes and references
