July 10, 2020
Bitcoin cash price is currently facing a strong resistance near the $245 level against the US Dollar. The price is currently correcting lower and approaching the $230 support zone. There is a major bullish trend line forming with support near $230 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must stay above the $230 support to make another attempt to clear the $245 resistance. Bitcoin cash price is correcting gains from the $245 hurdle against the US Dollar. BCH/USD is likely to bounce back as long as it is above the $230 support zone. Bitcoin Cash Price Analysis Earlier this week, bitcoin cash price started a fresh increase above the $225 and $230 resistance levels against the US Dollar. BCH price even settled above the $230 level and the 55 simple moving average (4-hours). […]
July 10, 2020
ASIC miners are the best option for Bitcoin network security well into the future, new research has found.
July 10, 2020
Uniswap’s daily volume has rallied to nearly $25 million despite the spotlight on imposter tokens trading on the exchange.
July 10, 2020
The Shariah Advisory Council of Malaysia’s securities commission has advised that it is permissible to invest and trade cryptocurrencies on registered crypto exchanges. About 60% of the country’s population are Muslims, many of whom have been reluctant to trade crypto in fear that it might not be Sharia-compliant. Shariah-Compliant Crypto Trading The Shariah Advisory Council of the Securities Commission Malaysia (SC) reportedly revealed its position on cryptocurrency trading in the country at the Invest Malaysia 2020 event this week. SC chairman Datuk Syed Zaid Albar was quoted by the Edge Markets as saying during a teleconference panel session on Tuesday: The SC Shariah Advisory Council has resolved that in principle, it is permissible to invest and trade in digital currencies and tokens on registered digital asset exchanges. He added: “This is a really ground-breaking resolution by the SAC (Shariah Advisory […]
July 10, 2020
Bitcoin rally came under the threat this Friday as the number of Americans filing for unemployment claims remains elevated. That, combined with a rising number of COVID cases amid reopening efforts, led the US stock market lower a day before. A positively correlated Bitcoin fell in tandem, signaling it may remain under the pressure of a corrective risk-on outlook. Bitcoin pulled back alongside a broader cryptocurrency index on Friday as traders continued to take cues for direction from the US stock market. The benchmark cryptocurrency fell by a modest 0.23 percent to $9,215.43 in the early trading session. But the loss appeared larger after including its 2.10 percent plunge on Thursday, signaling that it may head lower further into the ongoing intraday, as well as the coming weekend session. Bitcoin price eyes further downside correction, followed by a choppy weekend […]
July 10, 2020
Ethereum price saw a bullish breakout against Bitcoin on July 9 and veteran trader Peter Brandt believes this could trigger a new altcoin season.
July 10, 2020
Economic historian Barry Eichengreen believes that stablecoins are either too fragile, or too expensive, to emerge as a dominant monetary form.
July 10, 2020
Smart contracts in the trade sector will need to rely on IoT sensors to live up to their full potential new research suggests.
July 10, 2020
Professor Richard Holden thinks exploring distributed ledger technology for voting in US elections could put voter fraud lawsuits to bed.
July 10, 2020
The Australian Government has reached out to the blockchain community to help identify opportunities for blockchain adoption in the supply chain and credentialing sectors.
July 10, 2020
Chicago-based lending firm Ceres recently filed for a request to conduct a Reg. A sale in order to get approval from the U.S. Securities and Exchange Commission (SEC). Ceres wants to launch a token that will be used for garnering equity, while the company also wants to launch a coin that can be used to lend to cannabis startups in need of funding. Cryptocurrencies and cannabis culture go hand in hand in the eyes of many, and the company Ceres seems to be a firm believer of this theory. On June 30, 2020, filed paperwork from the company, Ceres Coin LLC to the U.S. Securities and Exchange Commission (SEC), shows the firm wants to conduct a Reg. A offering. Basically, a Regulation A offering is an exemption from the traditional registration requirements. It means that after the SEC approves the […]
July 10, 2020
New York’s Supreme Court has rejected Bitfinex and Tether’s appeal in the ongoing dispute between the firms and the NY Attorney General over $850 million in lost funds.
July 10, 2020
On Wednesday, Bitcoin was pushing $9,500. The cryptocurrency had finally begun to rally after sustaining a dip to $8,900 on the weekend. Many said that BTC was poised to rally even higher. One trader, for instance, shared charts indicating that Bitcoin was on track to hit $10,500, then $11,500 as bullish momentum ramped up. But the S&P 500 has had other plans for this nascent market. On Thursday, the leading U.S. stock market index plunged at the open. As of the time of this article’s writing, the S&P 500 is down by 0.7%. Bitcoin followed suit, falling in step with the market as can be seen in the chart below. Bitcoin price chart with S&P 500 futures (ES1) overlay from TradingView.com It’s not just on the smaller time frames that Bitcoin trades with the S&P 500. Digital asset investor and […]
July 10, 2020
The ‘.io’ domain name has become part of a complaint against the U.K. for alleged human rights violations tied to its continuing administration of territories in the Indian Ocean.
July 10, 2020
Chinese courts are implementing blockchain storage technology to record court hearings.
July 9, 2020
Coinbase Inc is planning a U.S. stock market listing for later this year or early 2021, Reuters reported on Thursday. The plan is subject to approval by the U.S. Securities and Exchange Commission. If successful, Coinbase could become the first major American cryptocurrency exchange to go public. Instead of an initial public offering (IPO}, where new shares are created, Coinbase is considering a direct stock market listing, Reuters reported, quoting three sources familiar with the plans. In a direct listing, “no new shares are created and only existing, outstanding shares are sold,” eliminating the risk of diluting existing shareholding. Existing investors are not bound by any lockup period and can sell their shares directly to the public. Reuters said the exchange has yet to register its listing intentions with the SEC, “but has been in talks to hire investment banks […]
July 9, 2020
Bitcoin’s momentum has stalled after it broke above its previous resistance at $9,300 The cryptocurrency is now flashing some signs of weakness as it struggles to push any higher One analyst is pointing to a technical pattern that BTC is currently forming that is strikingly similar to that seen right before its massive plunge in March If this pattern does replicate itself, it could lead the crypto significantly lower in the days and weeks ahead It is important to note, however, that large whales on Bitfinex have been offloading their short positions, signaling that they anticipate the crypto to climb higher Bitcoin and the aggregated crypto market have seen some positive price action over the past couple of days. Although the gains incurred by BTC have been tempered, many altcoins have been able to outperform it significantly. Some top altcoins […]
July 9, 2020
A report published by Emsisoft revealed a strong decline in successful ransomware attacks during Q1 and Q2 2020.
July 9, 2020
James Lovejoy, a research assistant for Massachusetts Institute of Technology, or MIT, crypto and blockchain group the Digital Currency Initiative, explained blockchain attacks might not always be obvious.
July 9, 2020
The Chinese police busted a massive crypto scam in Wenzhou that managed to amass over $14.31 million.
July 9, 2020
South Korean legislature will host a seminar to address crypto laundering and other related topics.
July 9, 2020
The Venezuelan military has seized 315 Bitmain Antminer S9 bitcoin mining rigs it claims are not properly registered to operate in the country. Although cryptocurrency mining is legal in Venezuela, miners say they have been unfairly treated, citing illegal seizures of mining equipment and police extortion. Venezuela Seizes Bitcoin Mining Equipment The Bolivarian National Guard of Venezuela (GNB) announced via Twitter Monday that it has seized 315 Antminer S9 bitcoin mining rigs in the southern region of the country. The GNB is one of the largest divisions of the National Bolivarian Armed Forces. The tweet explains that the GNB decided to seize the bitcoin mining equipment because the owner did not have proper registration papers. The case has been forwarded to the National Superintendency of Crypto Assets and Related Activities (Sunacrip), the crypto regulator appointed by the government of Nicolas […]
July 9, 2020
On July 8, a record number of Bitcoin were removed from custodial exchanges, with Coinbase leading the charge.
July 9, 2020
Ethereum is consolidating following its major upswing seen over the past couple of days This consolidation phase comes as BTC and most top altcoins lose their momentum Where ETH trends next will likely depend on its reaction to its range highs at $250 The number of ETH longs on Bitfinex just set another fresh all-time high This is fueling some fears surrounding a possible “cascade” of liquidations, similar to that seen with Bitcoin in March Any sharp downside movement could catalyze this bear-favoring occurrence Ethereum and the crypto market are currently taking a breather following the immense volatility seen yesterday. The crypto is currently consolidating just below its range highs of $250. Buyers have yet to break above this level, as there does appear to be resistance here. One veteran trader is noting that ETH was able to post a […]
July 9, 2020
New dev tools promise to make blockchain development open to more engineers, as well as faster and more efficient.
July 9, 2020
Bitcoin price dropped below $9,200 as stocks were rattled by the U.S. Supreme Court decision on President Trump’s tax returns.
July 9, 2020
The announcement follows a Dogecoin marketing campaign that caused the coin’s price to surge 124% in two days.
July 9, 2020
The US dollar is increasingly being viewed in a negative light by investors. Bank of America analysts are seeing a “death cross,” a bearish technical formation suggesting that a period of dollar weakness is coming. Meanwhile, confidence in gold has been rising. Investors Losing Confidence in US Dollar Investors are increasingly viewing the U.S. dollar in a negative light amid the resurging covid-19 pandemic and the prospect of improving growth abroad, such as in Europe. Analysts at Bank of America Global Research explained on Wednesday that a decline in the dollar earlier this week has set off a bearish technical formation known as a “death cross” in the USD Index DXY. This occurs when the 50-day moving average crosses below the 200-day moving average. Reuters conveyed that according to the bank: Past occurrences of the death cross have been followed […]
July 9, 2020
Michael Novogratz, who predicted BTC to hit $20,000 by the end of 2020, advises investors to own more gold than Bitcoin.
July 9, 2020
U.S.-based company launched a VPN app for iOS users after witnessing a surge in VPN services demand across the world.
July 9, 2020
Although Ether has seen its transaction volumes surge and active addresses skyrocket, its price has failed to spike in the past month.
July 9, 2020
Massive retail bank Santander recently broadened compatible regions for its One Pay FX app in collaboration with Ripple.
July 9, 2020
Bitcoin has stabilized following yesterday’s slight volatility, which allowed it to climb as high as $9,450 before hitting some notable resistance Bitcoin has now broken out of the tight trading range that it was previously caught within Analysts do believe that it is laying the groundwork to make a notable upside movement in the days ahead According to one well-respected options trader, this movement could send it as high as $11,500 due to the strength of one crucial support level If this explosive upside movement takes place, the entire crypto market will likely follow suit Bitcoin is currently attempting to find some stability after breaking out of its long-held trading range yesterday. The push past the upper boundary of its previous trading range at $9,300 is certainly a positive sign for buyers. However, BTC now faces resistance at $9,500, with […]
July 9, 2020
On July 8, 2020, some members of the cryptocurrency community were prepared to leverage the AVA Labs Avalanche (AVAX) token sale, in order to acquire some of the highly anticipated coin on Wednesday. However, due to “record-breaking demand” and a “highly-sophisticated DDOS attack” the Avalanche sale has been rescheduled for July 15, 2020. For quite some time, since May 2018, a number of cryptocurrency enthusiasts have been interested in a protocol called “Avalanche.” The white paper was published by an anonymous group of developers called “Team Rocket.” Essentially, the paper claims to go beyond Satoshi’s invention, often referred to as “Nakamoto Consensus,” as concepts like Avalanche introduce “a new family of leaderless Byzantine fault tolerance protocols, built on a metastable mechanism.” Ever since the paper was released, the well known Hacking Distributed founder and Cornell professor, Emin Gün Sirer, initiated […]
July 9, 2020
Former Swiss President and new board member of CV VC talks the unique attitudes towards law that make Switzerland a hub for crypto.
July 9, 2020
BitTorrent users can now purchase BitTorrent and µTorrent Classic Pro with BUSD and Binance’s native token BNB.
July 9, 2020
“Braver”, designed as an adware-free fork of the Brave Browser, has allegedly been forced to rebrand due to legal threats.
July 9, 2020
A new Javascript library for Liquid could allow external developers to build a complete ecosystem around the heavily upgraded Bitcoin sidechain.
July 9, 2020
Female crypto influencers speaking out about gender disparity in the crypto space were banned on Instagram — who’s to blame?
July 9, 2020
The unlimited potential of blockchain technology is unleashed when used in conjunction with nonfungible tokens.
July 9, 2020
Despite major setbacks from the Black Thursday market collapse, the cryptocurrency market and Bitcoin had a strong H1 close. The leading crypto asset by market cap also beat the best performing stock market index by nearly double. Will the strength continue into the second half of the year? Recounting The Rollercoaster Ride That Was The First Half of 2020 The stock market saw a record quarterly decline when Q1 came to a close. Bitcoin and crypto, however, hadn’t fared quite as bad, despite both markets being crushed during the Black Thursday selloff. Crypto assets like Bitcoin, Ethereum, XRP, and others, have spent three or more years in a bear market. These highly oversold assets were poised for a new uptrend when the massive crash occurred. RELATED READING | FADING BITCOIN VOLATILITY VERSUS NASDAQ MAY SIGNAL BULL MARKET IS HERE Meanwhile, […]
July 9, 2020
Centre Consortium has blacklisted an ethereum address holding $100,000 in USDC, a move that the entity says was “in response to a request from law enforcement.” A joint venture between Circle and Coinbase, Centre is the issuer of the dollar-pegged USDC stablecoin, which runs on the Ethereum blockchain. It may be the first time that an address has been blacklisted. According to a record of transactions on Etherscan, Centre called a “blacklist(address investor)” function on the address in question. The action effectively froze all the money in the address. It’s not clear who owns it. Blacklisting means an address will no longer be able to receive or send USD Coin (USDC) through the stablecoin’s smart contracts, Centre explains on its website. All USDC balances held in blacklisted addresses may be lost forever, it adds. “Centre can confirm it blacklisted an […]
July 9, 2020
A massive 18.52 million BTC buy order on Bitfinex will save Bitcoin from dropping to $0, thanks to Alistair Milne.
July 9, 2020
Preparations for a Coinbase stock market listing are in full swing, sources report.
July 9, 2020
Recently, rumors that PayPal is looking to begin offering cryptocurrency direct-sales began making headlines after insiders from the company, in addition to recent job postings looking for blockchain experts highlighted its renewed interest in cryptocurrencies. If confirmed, PayPal’s entry into the crypto space may result in a significant boon for the industry, by providing an easy entry point for the hundreds of millions of investors — a major step forward in the path to mass adoption. 300 Million Potential New Users PayPal is an online payment system created in 1999 by Max Levchin, Peter Thiel, and Luke Nosek. Later on, the company merged with X.com, a banking platform founded by Elon Musk. Just like many cryptocurrencies, PayPal is designed to serve as an alternative to traditional payment methods like checks and cash—but without the decentralized aspect. The platform was massively […]
July 9, 2020
The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan in a “strategic partnership.” Whether people want to believe it or not, the digital yuan is coming soon, and the PBoC has been steadily working on the project for years. Cryptocurrency enthusiasts have heard rumors about a digital yuan since 2014, but in 2020 that rumor is becoming more of a reality. The last time news.Bitcoin.com reported on the subject, well known firms like McDonald’s, Starbucks, and Subway have been involved with testing the digital yuan. Additionally, those companies were joined by JD Supermarkets, Tencent, and Ant Financial. It was also rumored that Chinese government […]
July 9, 2020
Fresh investments into mining equipment by smaller companies signals an optimistic outlook for the future of Bitcoin.
July 9, 2020
PayPal took a sideways look at crypto, Bitcoin earned a “boring” label as other markets demonstrated more volatility, DeFi exploded, and William Shatner boldly tokenized his memories…
July 9, 2020
In response to the COVID-19 pandemic, the CFTC is changing up the format for its annual Fintech Forward conference.
July 9, 2020
The Texas State Securities Board has successfully shut down the operations of an illegal cryptocurrency investment scheme.