Binance has denied recent reports that police raided its offices in Shanghai, stating that indeed, it has no offices in the city. Recent reports that Chinese authorities have raided the offices of leading cryptocurrency exchange Binance, are actually quite false. Speaking to Cointelegraph on Nov. 21, a Binance spokesperson refuted media reports that Chinese police…
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It took less than a month for bitcoin (BTC) to erase almost all its gains the market saw in the end of October. At pixel time (15:36 UTC), BTC trades at c. USD 7,684 and is down by 6% in the past 24 hours, by 12% in the past week, increasing its monthly loss to…
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Bitcoin plummeted several hundred dollars past its 0.786 Fibonacci level to $7,400 on false rumors of Chinese authorities raiding Binance’s Shanghai office. Bitcoin (BTC) finally dropped all the way down to the $7.4Ks in minutes as anticipated in our previous analysis if the key $7.8K level did not hold. Cryptocurrency market daily performance. Source: Coin360…
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Nicolas Maduro said that national oil inventories are ready for immediate commercialization to serve as backing for the Petro. Venezuela plans to back its national oil-pegged cryptocurrency, the Petro (PTR), with 30 million barrels of crude oil. Venezuelan President Nicolas Maduro announced that the oil inventories are sitting in the country’s storage tanks and are…
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A bipartisan team of senators introduced legislation that would regulate Facebook’s Libra stablecoin under securities law. American lawmakers have reportedly introduced a bill aiming to put Facebook’s Libra under the jurisdiction of the Securities and Exchange Commission (SEC). Two Texas representatives, Sylvia Garcia and Lance Gooden, have proposed legislation that would put even more regulatory…
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Chinese police have reportedly shut down the Shanghai offices of leading cryptocurrency exchange Binance. Chinese authorities have reportedly raided and shut down the Shanghai offices of leading cryptocurrency exchange Binance. Citing unnamed local sources, The Block says that local police have shut down Binance’s offices after raiding the premises. Between 50–100 of the exchange’s employees…
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Several days of selling pressure finally took their toll on Bitcoin on Thursday, with BTC/USD returning to the $7,000 range after a four-week absence. Bitcoin (BTC) fell below $8,000 on Nov. 21 after several days of downward price pressure finally cost the cryptocurrency a major support level. Data from Coin360 showed BTC/USD finally reentering the…
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Source: a video screenshot, Youtube, Castanet News Two men walk into a grocery shop and commit a Bitcoin (BTC) ATM robbery. No, not a joke, but actual news, and – in a twist of irony – an unfavorable example of crypto / blockchain adoption. Apparently, BTC ATM’s have become commonplace enough for your regular, ol’,…
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Volksbank Raiffeisenbank Fürstenfeldbruck has become the country’s first bank to charge every client 0.5% of their savings — for the privilege of storing fiat. Bitcoin-cautious Germany has seen its first bank demand that ordinary savers pay it to hold their money — even as little as €1. According to multiple local press outlets including the…
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In the past few sessions, there were mostly range moves above the USD 8,000 support. BTC/USD made an attempt to climb above the USD 8,200 and USD 8,250 resistance levels, but it failed. It is currently (09:00 UTC) consolidating and remains at a risk of more losses below USD 8,000. Likewise, many major altcoins struggled…
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