This week, bitcoin price faced a strong rise in selling pressure below USD 7,000. As a result, BTC/USD even failed to stay above the USD 6,850 support. Recently, the price declined below USD 6,650 and tested the USD 6,550 support area. Similarly, there were heavy downsides in most major altcoins, including ethereum, XRP, bitcoin cash,…
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Greta Thunberg. Source: a video screenshot, Youtube, PBS NewsHour Tron’s Justin Sun has sparked a Twitter storm by publicly committing USD 1 million to climate change activist Greta Thunberg’s cause. Sun was writing in the wake of the recent UN-led COP25 climate conference, which concluded recently in Madrid – leaving activists dismayed at the lack…
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The second day of severe losses sees BTC/USD break seven-month lows in a volatile period many are comparing to the bear market trough in December 2018. Bitcoin (BTC) fell below $6,500 on Dec. 18 in what is rapidly becoming a pivotal day for transaction analysis. Cryptocurrency market daily overview. Source: Coin360 Long “squeeze up” could…
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A Chinese cryptocurrency fitness app has reportedly been placed under investigation for allegedly illegal fundraising practices and financial fraud. A Chinese cryptocurrency fitness app has reportedly been placed under investigation for allegedly illegal fundraising practices and financial fraud. Nikkei Asian Review reported the news on Dec. 18, citing documents ostensibly accessed by its affiliate publication,…
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As a major crypto company warned that their users will not be able to receive funds to their Bitcoin Satoshi’s Vision (BSV) wallets due to the coin’s hard fork in February 2020, people online wonder if the project is sabotaging itself. Digital asset custody company BitGo said that this comes as a result of the…
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Craig Wright. Source: a video screenshot, Youtybe, CoinGeek Craig Wright, the controversial Australian computer scientist and supporter of Bitcoin SV (BSV), ‘is not the victim here,’ claims the latest court filing from David Kleiman’s estate, as Wright is trying to dodge the sanctions order which would force him to hand over billions of dollars’ worth…
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Here’s everything you wanted to know about how the Indian government addresses cryptocurrency. The Income Tax Department of India is secretly training its officials to investigate cryptocurrencies. An internal guidebook circulated by the department explains cryptocurrencies, their characteristics, the “dark side of Bitcoin” and the best investigation practices for tax officials. The Indian government doesn’t…
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New legislation called 5AMLD places crypto firmly under the EU’s regulatory umbrella. The deadline is rapidly approaching. 5AMLD — the Fifth Anti-Money Laundering Directive — is a piece of legislation that brings fiat-to-crypto exchanges and custodial wallets across the European Union under a new first-of-its-kind regulatory framework. Exchanges must achieve compliance with the rules by…
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Fresh correspondence from BitGo warns that Bitcoin SV’s February hard fork will make its wallets unable to receive any transactions. Digital currency management company BitGo has told users to move or convert funds they hold in altcoin Bitcoin SV (BSV) due to a compatibility problem. In a blog post on Dec. 18, BitGo said BSV’s…
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Russian authorities are poised to introduce several prohibitive measures, yet feasibility and enforcement mechanisms raise questions. At the end of November, news surfaced that Russian cryptocurrency users, who have been operating in a regulatory gray zone, could soon be at risk as the nation’s financial authorities reportedly join forces to outlaw the use of digital assets…
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