After a failed upside attempt near the USD 9,500 resistance, bitcoin started a fresh downward move. BTC/USD traded below the USD 9,400 and USD 9,350 levels. It is currently (08:00 UTC) declining and may test USD 9,200 or USD 9,050. Similarly, altcoins struggled to continue higher and correcting gains, including ethereum, ripple, bitcoin cash, litecoin,…
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As Russia’s crypto legislation is taking a confusing shape, local experts do not rule out that it might effectively stop Russians from legally trading in Bitcoin, Ethereum and other major altcoins on regulated domestic exchanges. “Until the full text of the amended bill is published, it is impossible to say anything for certain, especially as…
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Starting today, cryptocurrency exchanges can apply to be regulated by Hong Kong’s Securities and Futures Commission (SFC), as it published a framework for crypto exchanges. The new rules covers aspects of custody, know-your-customer requirements, anti money laundering rules and market manipulation, besides issues specific to the cryptocurrency industry, Ashley Alder, Read more »Pay/Trade/Buy Bitcoin with…
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\”Shark,\” a sculpture in the Los Angeles office of Quinn Emanuel. Source: Instagram, quinnemanuel Major news for crypto adoption came out of a law megafirm Quinn Emanuel Urquhart & Sullivan, as their clients can now pay in Bitcoin (BTC) and other cryptocurrencies. The litigation giant said on Tuesday that it has started accepting BTC and…
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China’s state planner, the National Development and Reform Commission (NDRC), has reportedly removed Bitcoin (BTC) mining from the list of industries that might be eliminated. Cryptocurrency mining has not been included in the finalized catalog for Guiding Industry Restructuring that will take effect from Jan 1, 2020, per Coindesk. The catalog was published today. Read…
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A new report by the central bank of central banks once again showed that cryptocurrencies are moving in the right direction, as people are increasingly looking for faster and more convenient payments options. However, decentralized cryptocurrencies, which are still working to solve their scalability issues, are not the only ones competing in this sector, with…
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After a failed downside attempt, bitcoin price started a decent upward move above the USD 9,250 resistance area. BTC/USD even surpassed the USD 9,400 level, but it struggled to gain strength above the USD 9,500. The price is currently (09:00 UTC) correcting lower and it is approaching the USD 9,200 support area. Similar moves were…
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The good fortune for the top 10 coins by market capitalization continues. Observing the 7-day moving average, we find that the combined Sentscore for these 10 coins jumped to 5.68/10 from 4.94 where it stood for the past two weeks, according to Omenics, a crypto market sentiment analysis service. We haven’t seen the overall score…
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Source: iStock/Spencer_Whalen Academics who previously alleged that the Bitcoin (BTC) bull run in 2017 was manipulated, now claim that a single market whale was responsible for it. One unnamed entity on Bitfinex appears capable of sending BTC higher when it falls below certain thresholds, according to University of Texas Professor John Griffin and Ohio State…
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Craig Wright. Source: a video screenshot, Coingeek Craig Wright, a controversial Australian computer scientist and supporter of Bitcoin SV (BSV), appears to have defaulted on the payment of a settlement fee he agreed with the estate of his former partner, Dave Kleiman. In September this year, Wright agreed to a settlement following an August ruling…
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