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Chinese Police Clamps Down Fraudulent Bitcoin Miners and Scammers
25.12.2019
In a major clampdown, the police forces hailing from Tangshan city, China have confiscated 6,890 bitcoin rigs operating in the region, stated the report furbished by the China Central Television, the state broadcaster on Monday. The report suggested that the strict action was a joint effort...
Bitcoin Technical Analysis: Reversal or Dead Cat Bounce?
24.12.2019
Weekly prices are held by the 61.8% Fib level support at $7213, prices are trying to do S/R flip of 49 days SMA (Simple Moving Average) and 9 days SMA denoted by the green line and blue line respectively in the below-given chart. Weekly prices have been rejected by the 9 days SMA previously;...
Is Bitcoin Awaiting an Entry to the Bull Run? Can $8,000 Possibly be the Next Target?
23.12.2019
Bitcoin hits above the major resistance $7,500 price area and currently trades at $7,545.45 In the past five days, BTC has shown a growth of over 18% ranging to $7,640.99 from $6,429.51 The parallel lines hint towards a Bull Run, and the current movement of the coin seems to have gained momentum...
Iran, Turkey, Malaysia Discuss Creating Unified Muslim Cryptocurrency
21.12.2019
At a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S. dollar. The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim...
Bitcoin Prices Are Affected by Several Factors Besides High Costs of Mining
20.12.2019
Bitcoin, one of the most popular cryptocurrencies, has always been in the news whether for the right reasons or the wrong ones. This is because Bitcoin has experienced unprecedented growth over the last decade and has drawn attention over various issues like security, anonymity, stability,...
Win Big with Smart Strategies for Bitcoin Dice
20.12.2019
The present era of millennials is all about the adoption of the best technological solutions and user-friendly pedagogies that have the potential to cater to their requirements in the shortest time and in a budget-friendly manner. This new-age thinking popularized the use of cryptocurrencies...
France Approves First ICO
19.12.2019
The French financial markets regulator, the Autorité des Marchés Financiers (AMF), has made its first initial coin offering (ICO) approval. While token sales remain legal as a fundraising option in France, only those that have been approved by the AMF may be marketed directly to...
Bitcoin Holds an Important Support at $6.4k and Takes an Intraday Positive Move
19.12.2019
Bitcoin’s intraday positive movement has taken the coin to trade above $7,000, and more importantly, the coin has even hit $7,400 in the said duration. As per the commodity trader virtuoso, Peter Brandt, Bitcoin has rightly managed to support at $6.4k, which happens to be a potential support area...
Erisx Launches Regulated Bitcoin Futures Market
18.12.2019
Crypto trading platform Erisx has launched a bitcoin futures market regulated by the U.S. Commodity Futures Trading Commission (CFTC). Its physically settled bitcoin futures contracts trade alongside its spot market which supports four cryptocurrencies. Erisx has obtained a license from the U.S....
Bitcoin Fails to Repeat the History it Created 2 Years Back; Dips to $6,500
18.12.2019
Bitcoin trades at $6,610.60—marking half of the highest price hit this year. The fun fact here is that exactly today, Bitcoin had hit $20,000 (all-time high) two years back in 2017 and currently, two years down the line, we have a moderate adoption of cryptocurrency as the price plummets. Take...
Fidelity Launching Crypto Services in Europe, Citing ‘Significant Interest’
18.12.2019
Fidelity Investments is expanding its crypto services to European clients after seeing increasing potential in this market. The expansion builds upon the company’s U.S. crypto business. “We’ve seen significant interest and engagement by the institutional community, which show...
Bitcoin (BTC) Drops Below $7k; Expected to Bounce Back from $6.1k
17.12.2019
The short-term outlook of Bitcoin against the US Dollar is bearish, and it is moving towards key support area and weekly 78.6% Fib Level. Overall weekly prices are still above 200 days SMA denoted by the red line in the below-given charts. Bitcoin Price Prediction Weekly BTC prices have fallen...
Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy
16.12.2019
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other...
German Banks Increasingly Charging Retail Clients Negative Interest Rates
16.12.2019
A growing number of banks in Germany are charging retail customers negative interest rates, starting with the very first euro deposited into their accounts. At least three German banks are reportedly doing so, with more expected to follow suit in the near future. As the European Central Bank...
Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible Citizens
15.12.2019
The president of Venezuela, Nicolás Maduro wants the nation state-issued cryptocurrency, petro (PTR) to have the same usability properties as a physical currency. On December 13, Maduro explained on national television that the Superintendence of Crypto-Assets and Related Activities (Sunacrip)...
Indian Lawmaker Says ‘Cryptocurrency Is Inevitable’
15.12.2019
Indian Parliament member Dr. Subramanian Swamy has shared his view on cryptocurrency. Advocating for India to make the transition to crypto, he reportedly said, “cryptocurrency is inevitable.” The lawmaker will chair a conference at the UN India’s headquarters next week where...
2019: Bitcoin Slides Down the Google Trends Popularity Ladder
15.12.2019
The interest in the Bitcoin and other cryptocurrencies has posted a mixed picture in the year 2019. More specifically, Bitcoin, which happens to be the largest cryptocurrency by market capitalization, has witnessed a steady decline in its popularity among masses this year. This decline can...
Russia’s Hydra Darknet Marketplace Plans $146M Token Sale
14.12.2019
According to regional reports, the Russian darknet market Hydra is planning an initial coin offering (ICO) in order to expand the marketplace internationally. The sale is set to start on December 16 and Hydra administrators hope to raise $146 million from the token sale. Also read: Regulatory...
Quadrigacx Founder Dead or Alive? Request for Exhumation and Autopsy Filed
14.12.2019
It has been a year since the founder of now-defunct crypto exchange Quadrigacx supposedly died in India. However, some 76,000 victims are still out of millions of dollars. A court-appointed lawyer representing them has now requested an exhumation and post-mortem autopsy in Canada of the dead body...
Hackers Failed to Execute $400K Worth Bitcoin Scam in Texas
14.12.2019
A Texas-based couple was subjected to an unfavorable incident of extortion from a malicious hacker who demanded a whopping amount of $400k in Bitcoin holdings after sabotaging their Amazon Ring doorbell. Tania Amador, the 28-year-old woman who became the target of the hacker, used her intelligence...