Cryptocurrency GIFs: Animations That Capture the Mood of the Markets

Cryptocurrency GIFs: Animations That Capture the Mood of the Markets

Featured The cryptocurrency ecosystem is filled with unique individuals with a penchant for sharing dank memes. Besides an arsenal of killer graphics that depict the current mood of the markets, they’re also equipped with a wide variety of animated GIFs to virally share across social media and messaging platforms like Telegram. Also read: Cryptocurrency Memes: The Only Assets That Can Survive a Bear Market Over the Last Two Years, There’s Been No Shortage of Crypto GIFs During 2018, a steady influx of memes and GIFs provided some relief from the market turmoil. Graphics Interchange Format (GIF) animations are a popular medium across the internet, but cryptocurrency fans have a particular fondness for them. Various animations portray bitcoin markets, hodlers, traders, and rekt individuals in a humorous manner. What follows is a look at some of the top crypto-related GIFs that have provided light relief amidst all the market fakeouts. Feels Guy Working at McDonald’s Watching Crypto Candles Vitalik Impress Christopher Walken Hodler FOMO Kitten Kramer Changes the Crypto-Market Trends Bought the Dip Hold This Altcoin Bag, Pleb HODL We Dump Them Every Day Limp Chart Feels Enters the Capitulation and Despondency Stage Our portfolios may be worth less in fiat terms, but at least we’re rich in GIFs. 2019 will likely conjure up more market turmoil, cushioned by an array of fresh memes and GIFs to be savored, shared and passed down to the next generation along with our magical internet money. What do you think about the popular GIFs shared on social media and Telegram this year? Let us know what you think in the comments section below.  Images via Shutterstock, Telegram, Twitter, and Imgur.  Need to calculate your bitcoin holdings? Check our tools section.

Indonesian Unicorn Go-Jek Acquires Majority Stake in Filipino Crypto Wallet

Indonesian Unicorn Go-Jek Acquires Majority Stake in Filipino Crypto Wallet

Finance Indonesian unicorn Go-Jek has announced a partnership between the company’s payments platform, Go-Pay, and Filipino cryptocurrency wallet Coins.ph. Local media has reported that the deal will see Coins.ph continue to run as usual, despite Go-Jek now owning a majority stake in the company. Also Read: Executives of Korean Exchange Sentenced to Jail for Faking Volumes Go-Jek Announces Partnership With Coins.ph Go-Pay, the payments platform of Indonesia’s largest on-demand service platform, Go-Jek, has announced that it has entered into a partnership with Filipino wallet provider Coins.ph. While specific details regarding the deal have not been officially disclosed, Manila Standard reported that the deal will include a “substantial acquisition” of shares by Go-Jek, giving the country a majority stake in Coins.ph. Citing two undisclosed industry sources, Techcrunch has reported that the deal saw Go-Jek pay $72 million for the shares. Launched in Jakarta in 2011, Go-Jek now comprises Indonesia’s largest on-demand multi-service platform, with Krasia estimating the company’s most recent funding round to have boosted Go-Jek’s valuation to between $8 billion and $10 billion. More than half of all transactions processed by Go-Jek are conducted through Go-Pay. Coins.ph has grown to support a customer base of over 5 million in less than five years of operating, with the company claiming to have processed 6 million cryptocurrency transactions during the month of December 2018. Many Filipinos Lack Access to Basic Financial Services The two companies have their eyes set on the Filipino market, where 77 percent of adult citizens do not have bank accounts. While few citizens have access to financial services, nearly 70 percent of Filipino citizens use mobile phones – a confluence of demographics that many analysts believe makes the Filipino market ripe for widespread cryptocurrency adoption. Ron Hose, the founder and chief executive officer of Coins.ph, stated: “In just a few years, our team has been able to build a scalable service extending financial services to millions of Filipinos … Together we have a tremendous opportunity and by leveraging Go-Jek’s resources and expertize, we can give Filipinos even more convenience, choice, and access to the services they want.” Aldi Haryopratomo, the chief executive officer of Go-Pay, stated: “We are excited to work with Coins.ph, a company that shares our ethos of empowering communities by bringing more…

Blame Banks for Damaging the Environment – Not Bitcoin

Blame Banks for Damaging the Environment – Not Bitcoin

Op-Ed Another mainstream media outlet has published a piece warning of the dangers Bitcoin poses to the environment. We’ve heard these overly simplistic arguments countless times before. But even if one was to accept that Bitcoin’s energy consumption is substantial, the figure still pales in significance to traditional financial institutions, whose carbon footprint is colossal. Also read: South Africa Wants to Mandate Registration of Crypto Service Providers ‘Bitcoin Is Oil’ Journalist, former bitcoin miner, and current partner at crypto firm Ocuis, Ethan Lou, penned a Guardian article this week, “Another thing you may not know about bitcoin: it’s killing the planet.” In the article, he argues that “all who dabble in it [bitcoin] will be reborn as enemies of the environmental movement” just like those involved in the oil industry. He goes on to compare bitcoin to the black gold as both have suffered crashes and experienced manipulation by major players, adding: It is not this day, but a day may come when big oil shrinks or changes, becoming less of a target for environmentalists. Bitcoin is the natural next enemy. The article adds that the closure of mining sites due to electricity concerns is further cause for alarm, and that firms will continue to fight for their right to mine, as cryptocurrency adoption inevitably grows. These companies will also continue to be confronted for their behavior, the author asserts. “While academics and the media have long noted mining’s electricity usage, 2018 marked the year environmental and progressive publications started sounding the alarm,” Lou writes. Why Not Blame the Banks Then? Like most Bitcoin hit pieces, the Guardian’s effort was one-sided. It is true that cryptocurrency mining uses a lot of electricity. And it’s certainly true that environmentalists have targeted Bitcoin repeatedly of late. But if we are to have an intelligent debate, we must look at all the facts. Attacking cryptocurrencies for their supposed environmental impact is misleading – especially when banks are the prime culprits in the energy-guzzling stakes. Dr. Katrina M. Kelly-Pitou PhD, Research Associate in Electrical and Computer Engineering, University of Pittsburgh, made this clear in her article “Stop worrying about how much energy bitcoin uses” where she argued that the “conversation around bitcoin and energy has been oversimplified,” adding: Banking consumes an estimated 100 terrawatts…

US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last Year

US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last Year

Taxes The results of a survey published by Credit Karma estimate that crypto investors in the U.S. realized losses of approximately $1.7 billion during the previous tax season. Additionally, the report finds that U.S. investors incurred a further $5.7 billion in unrealized losses. Also Read: Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81M US Cryptocurrency Investors Realized $1.7B in Losses During 2018 According to a survey conducted by Credit Karma, investors based in the United States realized a combined loss of roughly $1.7 billion during 2018, equating to an average of $718 per person. The participants comprised 1,009 U.S. cryptocurrency investors aged 18 or older who were questioned during November 2018. The survey found that only 53 percent of investors had decided that they would report their cryptocurrency gains and losses on their tax returns. A further 19 percent of participants stated that they had not yet decided whether they would report the performance of their cryptocurrency investments. According to the report, 59 percent of profitable traders intended to report their returns, whereas only 38 percent of investors who lost money during the previous financial year planned to do so. More Than Half of US Investors Unaware of Tax Deductions on Crypto Losses The survey found that 58 percent of respondents were not aware they can claim tax deductions on cryptocurrency losses, including 61 percent of investors who had realized losses during the preceding tax season. The report also estimated that U.S. investors had incurred $5.7 billion in unrealized losses, suggesting that many opportunities to claim tax deductions have been missed by American cryptocurrency traders. Of the respondents that stated they would not report the performance of their cryptocurrency portfolio, 35 percent were not aware that they are required to do so, and 55 percent believed that they were not required to due to how small their gains or losses were. Are you surprised by how few U.S. cryptocurrency investors were aware of their reporting requirements? Share your thoughts in the comments section below! Images courtesy of Shutterstock At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your…

Top 5 Crypto Performers Overview: Binance Coin, Cardano, IOTA, Neo, Tron

Top 5 Crypto Performers Overview: Binance Coin, Cardano, IOTA, Neo, Tron

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Bitcoin (BTC) has proven to be in high demand among citizens of smaller nations like Venezuela, whose economic conditions have been adversely affecting their fiat currencies. Now, cryptocurrencies will face another test with the impending Brexit deal. If the United Kingdom is forced to leave the European Union without a deal, experts believe that the pound will be hit hard, and might lose up to a quarter of its value. With such uncertainty, will the market participants turn towards cryptocurrencies as an alternative source of investment or stick to the classical investment vehicles? We believe that digital currencies will make their presence felt because they are likely at the end of their year-long bear market. According to Binance chief executive Changpeng Zhao, their new Jersey-based trading platform has witnessed a huge demand. CNBC contributor Brian Kelly expects cryptocurrencies to do well in 2019. Geopolitical tension in the world can boost the demand for digital currencies as the investors look to hedge their positions. However, Kelly doesn’t anticipate an approval for Bitcoin ETF this year. BNB/USD Binance was the top performer among the major coins. The news of the launch of Binance Jersey, a fiat-to-crypto exchange for U.K, and European customers, was cheered by the investors. The company plans to capitalize on the uncertainty regarding Brexit and wants to offer the people an opportunity to diversify into cryptocurrencies. Binance also completed its 6th quarterly BNB token burn, roughly equivalent to $9.4 million. So, will its outperformance continue? Let’s find out. The BNB/USD pair is attempting to breakout of the resistance line of the descending channel. For the past four weeks, the bulls have defended the first support at $5.46666. Therefore, we anticipate another attempt to breakout of the channel within the next couple of weeks. A breakout of the channel will start a new uptrend that can carry the virtual currency to $15, with a minor resistance at $12. The traders can buy on a close (UTC time frame)…

Hodler’s Digest, Jan. 14–20: Top Stories, Price Movements, Quotes and FUD of the Week

Hodler’s Digest, Jan. 14–20: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week Ethereum’s Constantinople Hard Fork Delayed Until February After Vulnerability Found Ethereum’s (ETH) Constantinople hard fork has been delayed until late February after smart contract audit firm ChainSecurity found a security vulnerability allowing a reentrancy attack. The security bug found would potentially let an attacker steal crypto from a smart contract on the network while requesting funds from it repeatedly while feeding it false data. In the aftermath of the discovery, Ethereum developers said that the activation would instead take place at block number 7,280.000, which is expected to be mined on Feb. 27, 2019, instead of in January. Before the bug was found, an Ethereum developer had said that the hard fork would be the least eventful in the history of Ethereum. New Zealand Crypto Exchange Reports Hack, Local Police Start Investigation New Zealand digital assets exchange Cryptopia reported that a major hack had resulted in significant losses this week. In response, the New Zealand police have released a statement that they are investigating the reportedly major hack, that involved an unconfirmed amount of around $3.6 million. According to the police, the exchange is cooperating with the investigation, and they are still in the process of ascertaining the process of events. In the wake of the reported hack, a lawsuit has been relaunched involving traders who claim they lost funds held on the exchange over a year ago. NYSE-Backed Digital Assets Platform Bakkt Announces First Acquisition Bakkt, the digital assets platform that is backed by the operator of the New York Stock Exchange (NYSE), announced an acquisition this week of some assets in futures commission merchant Rosenthal Collins Group (RCG). According to a Medium post, Bakkt CEO Kelly Loeffler noted that this move is part of Bakkt’s plans to continue operations while awaiting regulatory approval by the United States Commodity Futures Trading Commission (CFTC) for the launch of regulated trading in crypto markets. Bakkt had previously announced a target launch date of the end of January, but the platform is still waiting on approval amid the United States’ ongoing government shutdown. New Wyoming Legislation Aims to Define Virtual Currencies as Money A bill introduced in the U.S. state of Wyoming this week is meant to define clarify the definition of cryptocurrency.…

Lack of ETNs Keeps Wall Street Away From Bitcoin, Says CBOE Analyst Ed Tilly

Lack of ETNs Keeps Wall Street Away From Bitcoin, Says CBOE Analyst Ed Tilly

Ed Tilly, CEO, president and chairman at the Chicago Board Options Exchange (CBOE), declared that there is a need for Bitcoin (BTC) exchange-traded notes (ETNs) in order for Wall Street institutional investors to join the crypto space. Financial newspaper Business Insider reported on Tilly’s comments on Jan.18. According to the aforementioned article, Tilly declared that “the growth of Bitcoin in listed markets is still hamstrung by the lack of a trading product geared toward mom-and-pop investors.” According to him, Bitcoin futures did not see substantial growth because of the lack of a note or tracker tied to BTC that retail customers could trade. The article elaborates that both futures and exchange-traded notes are important for offering access points to Wall Street-type investors. According to the article, Tilly explained that ETNs are more accessible to the average investor when compared to futures because of their lower barrier for entry. Tilly continued: “The power of having that future there is also having an ETN that is more attractive to retail, and then institutions can lay that risk off on the listed futures market. […] Absent that leg and introducing trackers or notes, I think we will be in this, ‘It trades every day, but it is not the story.’” According to Tilly, the reason why regulators did not approve a Bitcoin exchange-traded product, such as the still-pending exchange-traded fund (ETF) applications, is that the regulators cannot protect investors from manipulation on a market they cannot control. “You answer that question, you get your first ETN,” concluded Tilly. As Cointelegraph recently reported, crypto entrepreneur and regular contributor to CNBC Brian Kelly claimed that there is no chance for a Bitcoin (BTC) ETF approval in 2019. Also, recently news broke that cryptocurrency index fund provider Bitwise Asset Management has applied with the United States Securities and Exchange Commission (SEC) to launch a new Bitcoin exchange-traded fund.

Chilean Taxpayers Must Report Cryptocurrency Profits to Chilean IRS: Local Media

Chilean Taxpayers Must Report Cryptocurrency Profits to Chilean IRS: Local Media

Chilean taxpayers must report their cryptocurrency profits to the Chilean Internal Revenue Service (SII), Spanish crypto media Diario Bitcoin reports on Jan. 17. The SII reportedly decreed in 2018 that digital currencies weren’t subject to Value Added Tax (VAT), but should still be considered when calculating annual income tax, as they fall into the definition of intangible assets. Because of this consideration, the dedicated income tax form 22 will reportedly include — for the first time — a special section dedicated to “other own and/or third-party income from companies that declare their effective income and do not declare it to full accounting, attributed…” DiarioBitcoin reports that, while it is not explicitly stated in the form, an SII statement released at the end of 2018 noted that taxpayers should report their income from the sale of foreign fiat currencies and cryptocurrencies in the aforementioned section. As Cointelegraph reported at the beginning of the current month, the Chilean anti-monopoly court has again granted protection to local cryptocurrency exchanges by forcing banks to keep their accounts open. In April 2018, news broke that Chilean cryptocurrency exchanges BUDA, Orionx and CryptoMarket (CryptoMKT) had applied to an appeals court to confront the banks that shut down their platforms’ accounts.

Bitcoin Falls Towards $3,550 as Top Cryptos See Moderate to Major Losses

Bitcoin Falls Towards $3,550 as Top Cryptos See Moderate to Major Losses

Sunday, Jan. 20 — all the top 20 cryptocurrencies are seeing moderate to major losses in the 24 hours to press time. Bitcoin’s (BTC) price is nearing $3,550 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down over 4 percent on the day, trading at around $3,587. Looking at its weekly chart, the current price is lower than $3,673, the price of Bitcoin on last Sunday. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP) is down over 3 percent on the day, trading at around $0.321 at press time. On the weekly chart, the current price is lower than $0.332, the price at which XRP started the week — and also lower than $0.337, the midweek high reported on Jan. 14. Ripple 7-day price chart. Source: CoinMarketCap Ethereum (ETH) has seen its value decrease by over 4 percent over the last 24 hours. At press time, ETH is trading at almost $119, having started the day around $125. On the weekly chart, Ethereum’s current value is lower than $125, the price of the coin seven days ago. Ethereum 7-day price chart. Source: CoinMarketCap Among the top 20 cryptocurrencies, the ones experiencing the most notable losses on the day are IOTA (down almost 7 percent), NEO, Cardano and Bitcoin Cash (BCH) (all down over 6 percent.) The combined market capitalization of all cryptocurrencies — currently equivalent to about $119.7 billion — is lower than $122.5 billion, the value it reported one week ago. Total crypto market cap 7-day chart. Source: CoinMarketCap As Cointelegraph recently reported, a bill meant to clarify the classification of cryptocurrencies has been introduced in the U.S. state of Wyoming on Jan. 18. Also, news recently broke that Wyoming has passed two new house bills that aim to foster a regulatory environment conducive to cryptocurrency and blockchain innovation.

Proposed License Requirements End Anonymous Crypto Selling and Buying in the Netherlands

Proposed License Requirements End Anonymous Crypto Selling and Buying in the Netherlands

Pete Hoekstra, the Netherlands’ Minister of Finance, has received official advice that a licensing system should be introduced for crypto services, Dutch media outlet Nederlandse Omroep Stichting (NOS) reports on Jan. 18. Hoekstra reportedly requested advice about cryptocurrencies from the Netherlands’ Authority for the Financial Markets and the local central bank, De Nederlandsche Bank, at the beginning of last year. The minister announced that he started working in accordance with the advice immediately after receiving it. According to the article, the decreased crypto speculative mania has made investor protection actions less urgent. As a consequence of this lesser urgency, the emphasis is purportedly being placed on the prevention of money laundering and terrorist financing via crypto. The Netherland’s Financial Intelligence Unit noted that the number of unusual transactions with cryptocurrencies has increased from an average of 300 to up to 5,000 a year, NOS reports. The proposed licensing system would reportedly require crypto exchanges and wallet providers to monitor their customers’ transactions and report suspicious activity to authorities. The exchanges will also have to collect and store information about their customers in order to be able to hand it over to authorities in case of an investigation. The Netherland’s central bank reportedly announced that the companies will be tested before being granted the license, for instance to check if they are able to collect the required user data. Richard Kohl, a board member of the Bitcoin Nederland Foundation, has reportedly stated that the measure is “dramatic for young innovative companies,” defining the new regulations as a big step backward in the local innovation culture. The article report that he expects the new regulation to bring in large amounts of paperwork and vast expenses to the companies in order to stay compliant. All of this, according to Kohl, will cause major competitive disadvantages compared to large established parties such as banks. Kohl reportedly also declared that too little research has been done about the actual dangers brought on by cryptocurrencies, and that he thinks the measures taken are too extreme. He also pointed out his concerns about other possible consequences of the requirement of the storage of user data: “Banks and financial institutions already need to keep track of customer and transaction information […] you may…