Bitcoin Falls Below $8300: FOMO Comes to End as Analysts Extend Bearish Target
May 31st, 2019
Bitcoin [BTC] nearly touched $9100 on 31st May 2019 before after which it went through a swift fall to a low near $8000. Hence, while Bitcoin [BTC] did break-out of the ascending triangle it has fallen back to test the breakout level. BTC/USD 4-Hour Chart on Bitstamp (TradingView) The price of Bitcoin [BTC] at 3:…
Another Aspiring Satoshi Copyrights the Bitcoin Whitepaper
May 30th, 2019
The cryptocurrency community got riled up recently over Craig Wright’s U.S. copyright registration of the Bitcoin whitepaper and some of the code from the early software. However, on May 24 the U.S. Copyright Office saw a Bitcoin whitepaper registration by a man named Wei Liu, bringing another legal challenger to Wright’s claim of ownership over…
New Cryptocurrency Bill Advances in Japan, Regulator Explains
May 30th, 2019
Japan’s House of Representatives has passed a new cryptocurrency bill with additional requests for the government to incorporate into law. We talked to Japan’s top financial regulator to find out the implications of this bill and the proposed resolution. Japan’s New Crypto Bill Passes House A new cryptocurrency bill officially passed Japan’s House of Representatives,…
G20 Countries Start Implementing Unified Crypto Standards
May 29th, 2019
As the G20 summit approaches, member countries have been discussing how to implement the standards set by intergovernmental organizations such as the Financial Action Task Force. While there may be some challenges in complying with the standards, the European Central Bank says the risks crypto assets pose to the euro area’s financial stability are manageable….
Whales Holding Large Amounts of Bitcoin are Responsible for Bull Market
May 29th, 2019
Although Bitcoin whales have mostly been seen in a bad light, they could be useful in driving important events in the industry. According to Diar, Bitcoin whales who own at least 1000 BTC are responsible for bringing back the bull market that Bitcoin is currently enjoying. Bitcoin price rise coincides with the accumulation According to…
Bitcoin Price Analysis: Consolidation Above $8700 Continues; $9700 Bullish Target
May 28th, 2019
Bitcoin [BTC] has held its gains above $8700 for the second consecutive day. It reached it’s twelve months high on 27th May 2019. This will likely make the traders looking for a pullback anxious as Bitcoin [BTC] could gain another leg up soon. However, with the extreme parabolic rise, withdrawal is just as likely. On…
How Crypto-Based Microfinance Benefits Small Businesses
May 27th, 2019
Starting your own business isn’t easy given the reluctance of banks to grant credit. Gone are the days when a compelling business plan would be enough to have the branch manager shaking your hand and bankrolling your venture. For entrepreneurs in developing nations, where even obtaining a bank account can prove challenging, getting their idea…
Bogota’s EXMA 2019 Will Feature Bitcoin Cash Payments at Home Burgers
May 25th, 2019
At this year’s EXMA conference in Bogota on May 27-28, attendees will find that payment processor Pagos Inteligentes will allow bitcoin cash (BCH) payments at Home Burgers inside the Movistar Arena. The EXMA event is one of the biggest entrepreneurship conferences in Latin America and Pagos Inteligentes alongside its partner Xpay hopes to show EXMA…
Traders Are Now Banned From Using Localbitcoins Exchange in Iran
May 24th, 2019
Traders from Iran have been banned from using the peer-to-peer trading platform Localbitcoins.com within the country. The Iranian section of the website displays a short message that states that the exchange is “currently not available.” The news follows significant Iranian rial trade volume on the Localbitcoins platform, which has been climbing steadily over the last…
Supreme Court Advocate Suggests How to Regulate Cryptocurrency in India
May 24th, 2019
An Indian supreme court advocate has shared some thoughts on the kind of cryptocurrency regulation India can benefit from. The right regulatory framework “would ensure transparency, oversight and accountability,” but a “one size fits all” regulation would be a mistake, she explains. Meanwhile, the Indian crypto community and industry bodies have urged the central bank…