Trodax - automated cryptocurrency trading service

[Trodax]

Good morning!

While the market shows some concerning signs, Eddie Hughes, a member of the U.K. Parliament for the Walsall North constituency, recently stated that making payments to local authorities and utility providers with Bitcoin (BTC) should be possible. His statements were reported by local news outlet Express.co.uk on Dec. 10.



This comes as a consequence of the fact that the state of Ohio in the US announced that businesses will be able to pay their taxes in Bitcoin. Hughes commented on this by saying: “You’re either ahead of the curve or you’re behind the curve, and our country is in an interesting position right now — we need to be seen as a progressive country.”

This is definitely a positive sign from regulators for crypto in general, don’t you think?

[Trodax]

Cryptocurrency banking provider Bitwala will offer bank accounts with Bitcoin Wallet and Debit Card, as was announced on Wednesday, Dec 12. “New users along with the 40,000 pre-registered customers will be onboarded one after the other based on their waitlist place,” the announcement said.



Roman Kessler, a spokesperson for Bitwala, said: “For now, only German residents can go through the KYC [know-your-customer] process. Very soon, hopefully already in January, this will be extended to other jurisdictions inside of the EU. Only bitcoin [is supported] at the moment. You can access them through a multi-sig wallet to which only you have the private key. Other cryptocurrencies to follow shortly”.

He also emphasized that “The online bank account and the [debit] card are free,” but trading between BTC and EUR costs 1 percent. “According to our market research that is 5 percentage points below market average”.

What do you think of Bitwala’s new service? Let us know in the comments section below.

[Trodax]

The European Parliament (EP) adopted a resolution “Blockchain: a forward-looking trade policy,” on Thursday, in order to improve EU trade policies. Resolutions highlights that using blockchain lets traders upload all their documents in one place (including those related to compliance, to benefit from the preferential tariffs). The technology could also help authorities to automatically get information from these parties and improve verification and trade processes thus improving the quality and speed of their services.



The resolution marks the latest positive step toward blockchain adoption in the EU region. Earlier this month, six southern European states – France, Italy, Spain, Malta, Cyprus and Portugal – signed a joint declaration to promote the use of blockchain in order to transform their economies.

How do you think this will influence the crypto world?

[Trodax]

What’s up, fellas?

With the current market downtrend many traders panic and decide not to invest in crypto at all. Some are just holding and hoping that it will eventually gain all the value it’s lost and rise up even higher.

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