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Bitcoin Cash Adoption Continues to Spread in North Queensland and Japan

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BCH merchant acceptance has continued to grow month after month but there are a few regions in the world where bitcoin cash retail acceptance is thriving. Over the last few weeks, North Queensland and Japan have shown significant growth and continue to dominate as some of the densest territories of BCH merchant adoption worldwide. Also … Read more

Bitcoin Futures Update: Bakkt Testing, CME Breaks Records, and a $100K Call Option

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Over the last few months, the interest surrounding cryptocurrency derivatives products has been growing fast. For some time now, open interest in CME’s bitcoin futures has been breaking records. Bakkt’s futures platform began testing contracts on Monday and the company says there are participants from all around the world. Elsewhere, bitcoin derivatives provider Ledgerx is … Read more

Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing

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The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction. The report contains the draft bill which proposes a ban on cryptocurrency. Also read: G20 Leaders … Read more

Bitcoin, Litecoin and Ripple’s XRP Price Prediction and Analysis for July 23rd: BTC, LTC, and XRP

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Bitcoin Price Analysis (BTC/USD) Over the last 24hrs, BTC/USD pair has been trading on a sideways market.  On an hourly chart, the horizontal channels that are acting as the pair’s price resistance level $10694.22 and support level $10374.41 that confirmed the sideways trend. An upward price rally was encountered, with the 7 day MA currently … Read more

Crypto Bullishness Spreads on Capitol Hill

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U.S. Congress has shown that it is starting to care about cryptocurrency as a number of lawmakers spoke up in favor of it this week. “The world Satoshi Nakamoto had envisioned is an unstoppable force” and “there’s no capacity to kill bitcoin” are some of the comments made by lawmakers. Meanwhile, the Fed chair said … Read more

G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra

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G7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their … Read more

Indian Government Breaks Silence on Crypto Regulation

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The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation has already been submitted by the interministerial committee tasked with drafting the … Read more

Market Outlook: Crypto Bulls Rally After Bearish Downturn

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Since July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic on where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend. BTC and a slew of other currencies spiked more than 10% at 11 a.m. EST on … Read more

Bitcoin, Bitcoin Cash and Ethereum Price Prediction and Analysis for July 18th: BTC, BCH, and ETH

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Bitcoin Price Analysis (BTC/USD) It seemed to be clear that yesterday U.S. governmental hearing of Facebook Libra widely affected the price of the top cryptocurrency.  In an hourly chart, BTC/USD appears to have exhibited a bearish pressure. The downward movement was supported by the 21 day MA that was seen gravitating above the 7 day … Read more