Crypto Markets Remain Sluggish, While Staving Dramatic Losses
All of the top ten coins by market cap are in the red today, showing losses of between 1 and 4 percent over the 24 hour period to press time Go to Source Powered by WPeMatico
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Bitcoin Price Watch: Currency Drops Back to $7,600
At press time, bitcoin is trading for just over 7,600. This is a near $60 drop since reaching yesterday’s high of $7,700. Though small, the currency has ultimately failed to defend this new line, leading analysts to wonder if $8,000 is no longer doable in the short-term. One source suggests that a triangle pattern is … Read more
South Korean Crypto Exchange Bithumb Cleared by Government
After an intense and extensive investigation, South Korean government has cleared Bithumb crypto exchange of any wrongdoing Go to Source Powered by WPeMatico
Indonesia Plans to Give Bitcoin Legal Status as a Commodity
Regulatory developments involving cryptocurrencies are always worth keeping an eye on. In Indonesia, there has been a lot of confusion regarding the future of Bitcoin and similar currencies. The Trade Ministry’s Futures Exchange Supervisory Board has finally rendered a verdict in this regard. Cryptocurrencies are commodities, regardless of what the country’s central bank may think. … Read more
Data Shows Switch From ‘Hodlers’ to Speculators in Bitcoin in Last 6 Months
The number of short-term speculators now nearly equals the amount of long-term investors, new data from Chainalysis shows Go to Source Powered by WPeMatico
Bitcoin Set to Challenge Downtrend in ‘Next Couple of Days’, Says Fundstrat Advisor
Fundstrat’s Robert Sluymer predicts upcoming price breakout for Bitcoin “literally in the next couple of days” Go to Source Powered by WPeMatico
Three Luxury Apartments Sold for 420 BTC in the Coastal Region of Montenegro
This week three luxury apartments located in Budva, Montenegro sold for 420 BTC (3.2Mn USD) according to Notary Office and the firm Astra Montenegro Investment Association (AMIA). Furthermore, the AMIA has been successfully promoting the use of digital currencies in Budva and has convinced the neighboring Dukley hotel, Beach Lounge, and Marina to accept BTC. … Read more
Six Major Banks in Chile Sued by Another Cryptocurrency Exchange
A local cryptocurrency exchange in Chile has reportedly filed a lawsuit against six major banks in the country for abusing their power and quashing its crypto payment business. This lawsuit follows another one filed in Chile against ten banks by a different crypto exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Six Banks … Read more
The Role of Cryptocurrency in Crime – Darknet Activity Soars
While there are many potential benefits to cryptocurrency, one has to acknowledge this new form of money has gotten a bad reputation as well. There are many reasons as to why criminals are drawn to Bitcoin and other similar currencies. Even so, it remains to be seen how long this situation will remain in place. … Read more
BTC Markets Update: Major Symmetrical Triangle Set to Break
The BTC markets are currently testing two major trendlines comprising a major symmetrical triangle. As of this writing, bitcoin appears to be following a major ascending trendline that dates back to mid-2017, whilst simultaneously testing a descending trendline that runs from December’s all-time high of nearly $20,000 USD to the local high of approximately $10,000. … Read more