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Indian Government Engages RBI to Discuss Cryptocurrency Regulation
21.3.2020
The government of India is reportedly discussing a regulatory framework for cryptocurrencies with the central bank, the Reserve Bank of India (RBI), and the Securities and Exchange Board of India (SEBI). Furthermore, the government is awaiting the outcome of another cryptocurrency case at...
Onchain Data Suggests Bitcoin Sell-Off Fueled by New Investors
20.3.2020
While the covid-19 outbreak has caused economic calamity, cryptocurrencies have regained some of the losses that devastated digital currency markets on March 12. A recent report published by the researchers at Coin Metrics notes the “crypto asset sell-off was driven by short-term...
Bitcoin (BTC) Gains Intraday Momentum; Spikes Above $5.5k
19.3.2020
Bitcoin, at the time of writing this article, was trading above $5,500 after five days of sluggish pullback The intraday bullish crossover ramped up the market as the price trend of BTC formed consecutive higher high at $5,686.94, until the time of writing Today, the coin has spiked from the utter...
Billion-Dollar Bitcoin Lawsuit Continues – Craig Wright Ordered to Pay $165K in Legal Fees
18.3.2020
While the cryptocurrency community deals with floundering market prices, the billion-dollar Kleiman v. Wright Lawsuit continues in Florida. On March 17, a court filing shows that the self-professed Bitcoin inventor Craig Wright has been ordered by the judge to pay $165,500 in attorney fees. U.S....
Bitcoin (BTC) Draws Higher Lows & Nosedives Below 200-day MA
18.3.2020
Bitcoin, at the time of writing, was trading around $5,000 and is observed drawing higher lows after marking an apex at $20,000, followed by $13,000 and $10,000 in the recent past. Important to note that the BTC had recorded the highest trading volume bar during this recent collapse when the price...
Analysts Question Gold’s Safe Haven Status – 2008 Data Shows Central Banks Oversaturated Bullion Markets
17.3.2020
After bitcoin prices dropped below the $5K region on Monday morning, gold also slid significantly. It saw a small spike in value after the Federal Reserve announced slashing the benchmark rate by 100 bps, but gold prices subsequently dropped below $1,500 per ounce hours later. The current sentiment...
US State Wants to Legally Seize Unclaimed Cryptocurrencies Left at Custodians
15.3.2020
The U.S. state of Illinois has advanced a bill to consider unclaimed cryptocurrencies at custodians abandoned after five years. The coins will then be liquidated and the proceeds remitted to the State Treasurer. The cryptocurrency owners will have no recourse against the custodians or the state....
Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to Rectify
15.3.2020
Despite the Indian supreme court quashing the central bank’s ban on crypto, some major banks, including HDFC and Indusind Bank, are still arbitrarily declining to process crypto transactions. Banks say they are waiting for instructions to lift the ban from the Reserve Bank of India (RBI)....
Bitcoin (BTC) Falls by 50%; Proves its Inherent Volatility
13.3.2020
After a perplexing trading duration since the start of the year, Bitcoin crashes like crazy in just minutes. This abominable performance has shed millions of investor wealth from all around the world as the markets crash profoundly. Digging deeper, the stock market, oil market happens to be...
South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards
7.3.2020
South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global...
YouTuber Sentenced to 50 Years for Kidnapping and Bitcoin Ransom
4.3.2020
A former YouTuber has been sentenced to 50 years in prison for masterminding a kidnapping that demanded $100,000 in BTC for the victim’s safety
Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor
1.3.2020
In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project...
Top 5 Cryptos This Week (March 1): LEO, HT, LINK, HEDG, Bitcoin (BTC)
1.3.2020
The top-performers of this week show buying on dips, suggesting that the bulls could stage a comeback after a few days of consolidation
SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as the Next Gen Bitcoin
28.2.2020
The U.S. Securities and Exchange Commission (SEC) has charged actor Steven Seagal for unlawfully promoting a cryptocurrency investment scheme claiming to be “the next generation of bitcoin.” Seagal failed to disclose that he was being compensated in cash and crypto by Bitcoiin2gen,...
How Bitcoin Has Changed Online Gaming
27.2.2020
Ever since its origin in the last decade, the online gambling industry has grown at a truly incredible pace. Whether in the form of sports betting or traditional offerings like roulette or blackjack, online gambling has the biggest impact on gamblers from across the world. As per statistics shared...
Bitcoin Pumpers Forced to Admit It’s Not Digital Gold – Peter Schiff
27.2.2020
Peter Schiff – economist, stock-broker, and gold promoter – argued that Bitcoin did not pass the test for a global reserve currency in his latest podcast released earlier today. In a pointed gesture to his Twitter spat with Anthony Pompliano yesterday over Bitcoin’s status as...
Bitcoin Bulls Weaken as it Hits a 30-day Low; What’s More in the Trunk?
27.2.2020
Bitcoin (BTC) plummets to $9,000 and even below the incredible support at $8,700 over the past 24 hours. As the king of crypto nosedives below the former major support, i.e., $9,500, $9,450 and $9,000, we can anticipate an onset of a bear market. The bulls are seen weakening as BTC hits a fresh...
Will Bitcoin Breach $10,000 this Week Again?
25.2.2020
Amid the still growing fears of Coronavirus, strong and frequent price predictions of BTC are making rounds in the market considering the upcoming Bitcoin halving. Meanwhile, the coin itself is maintaining suspense as it is neither crossing $10,000 with a strong rally nor is it showing...
Can Bitcoin Play a Role in Deteriorating Global Politics?
25.2.2020
Bitcoin is one of the most valuable financial assets in the world, and despite the growth slowing down in recent months, its market continues to expand globally. However, politicians across the globe have had polarizing views on Bitcoin and crypto in general, as some see it as a threat to their...
Warren Buffett Slates Bitcoin, Denies Owning Crypto Gifted by Justin Sun
24.2.2020
“I don’t have any bitcoin. I don’t own any cryptocurrency, I never will … You can’t do anything with it except sell it to somebody else.” So claimed Warren Buffet in an interview this week on CNBC. Over the course of the two-minute segment, the billionaire...