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New York May Soon Ease Stringent Bitlicense Crypto Rules

There could be changes to the stringent “Bitlicense” rules of New York after fresh assessment by The New York State Department of Financial Services (NYDFS) as reported by Reuters on June 24, 2020. Reports indicate that the main financial regulator in the cosmopolitan city may tweak rules, subsequently eliminating hurdles faced by virtual currency businesses looking to set base

There could be changes to the stringent “Bitlicense” rules of New York after fresh assessment by The New York State Department of Financial Services (NYDFS) as reported by Reuters on June 24, 2020. Reports indicate that the main financial regulator in the cosmopolitan city may tweak rules, subsequently eliminating hurdles faced by virtual currency businesses looking to set base

New Zealand
Bitcoin
New Zealand
Bitcoin

BTC-e Owner’s Laundered $90 Million Acquired By NZ Police

New Zealand police retrieve $90 million from Alexander Vinnik, the owner of BTC-e cryptocurrency exchange who has been accused of money laundering and extortion in France.  NZ Police And IRS Join Hands Cryptocurrencies have garnered immense popularity over time. While these assets have been gaining traction from across the globe, crime pertaining to these assets

New Zealand police retrieve $90 million from Alexander Vinnik, the owner of BTC-e cryptocurrency exchange who has been accused of money laundering and extortion in France.  NZ Police And IRS Join Hands Cryptocurrencies have garnered immense popularity over time. While these assets have been gaining traction from across the globe, crime pertaining to these assets

Bitmain
Bitcoin
Bitmain
Bitcoin

Bitcoin Mining Giant Bitmain’s CEO Accused Of Embezzlement

Bitmain drama prolonges. The Bitcoin mining equipment giant’s ousted CEO, Micree Zhan recently released a document accusing Jihan Wu of engaging in illegal activities including, theft as well as the wrongful use of the company’s money.  Jihan Wu Allegedly Stole Business License The entire world has come together to fight the deadly COVID-19 malady. While

Bitmain drama prolonges. The Bitcoin mining equipment giant’s ousted CEO, Micree Zhan recently released a document accusing Jihan Wu of engaging in illegal activities including, theft as well as the wrongful use of the company’s money.  Jihan Wu Allegedly Stole Business License The entire world has come together to fight the deadly COVID-19 malady. While

BTC
Price Analysis
BTC
Price Analysis

Bitcoin Price Analysis: BTC/USD Consolidates, Is $10,000 Achievable Before July?

Bitcoin price bounces off newly established support at $9,200; eyes glued on $9,400 and $9,600. BTC/USD technical picture is improving ahead of a potential falling wedge pattern breakout. Bitcoin price has in the last seven days managed to hold above $9,000. However, the upside has been limited under $9,600, making $10,000 seem like a mirage

Bitcoin price bounces off newly established support at $9,200; eyes glued on $9,400 and $9,600. BTC/USD technical picture is improving ahead of a potential falling wedge pattern breakout. Bitcoin price has in the last seven days managed to hold above $9,000. However, the upside has been limited under $9,600, making $10,000 seem like a mirage

Cryptocurrency news
Altcoin
Cryptocurrency news
Altcoin

Top Cryptocurrency News Headlines Of The Week; Do Bitcoin ETFs Have A Chance?

Here’s a recap of top cryptocurrency news headlines of the week. From Digital won to bitcoin ETFs the crypto space has witnessed an array of developments this week. Let’s dive into actions. Top cryptocurrency News, Is South Korea’s Digital Won Underway? The week started off with the news of South Korea’s Bank of Korea [BOK]

Here’s a recap of top cryptocurrency news headlines of the week. From Digital won to bitcoin ETFs the crypto space has witnessed an array of developments this week. Let’s dive into actions. Top cryptocurrency News, Is South Korea’s Digital Won Underway? The week started off with the news of South Korea’s Bank of Korea [BOK]

jay clayton sec new sdny attorney
Bitcoin News
jay clayton sec new sdny attorney
Bitcoin News

Bitcoin ETF Approval ‘Hangs in the Balance,’ Hopes Up on New SEC Chairman

U.S. President Donald Trump has appointed Jay Clayton to serve as the United States Attorney for the Southern District of New York (Manhatten Area). The designation is a big upgrade as now he will hold the ‘most powerful prosecutor’s office in the world.’ Micheal Novogratz, founder of Galaxy Digital tweeted, Have to think Jay Powell

U.S. President Donald Trump has appointed Jay Clayton to serve as the United States Attorney for the Southern District of New York (Manhatten Area). The designation is a big upgrade as now he will hold the ‘most powerful prosecutor’s office in the world.’ Micheal Novogratz, founder of Galaxy Digital tweeted, Have to think Jay Powell

crypto debit card
Altcoin News
crypto debit card
Altcoin News

Payment Giant Wirecard Missing $2.1 B On Balance Sheet

Wirecard, a Munich-based payment giant and the issuer of Crypto.com cards, is in trouble. Fears of its financial health have sparked a dump of its stock (GER: WDI)—listed at the Frankfurt Stock Exchange–after Ernest Young (EY), one of the top 4 auditing firms, discovered that it had misrepresented $2.1 billion of cash on its balance

Wirecard, a Munich-based payment giant and the issuer of Crypto.com cards, is in trouble. Fears of its financial health have sparked a dump of its stock (GER: WDI)—listed at the Frankfurt Stock Exchange–after Ernest Young (EY), one of the top 4 auditing firms, discovered that it had misrepresented $2.1 billion of cash on its balance

bitcoin
Price Analysis
bitcoin
Price Analysis

Bitcoin Price Analysis: The BTC/USD Falling Wedge Scenario, Why $10k and $10.5k Are The Bigger Picture?

Bitcoin bulls stop declines above $9,300 after $9,400 failed to hold; bulls still yearn for $10,000. The falling wedge pattern becomes Bitcoin bulls’ most anticipated boost above $10,000. Over the last couple of weeks, Bitcoin has been struggling to break the psychological hurdle at $10,000. Glancing higher, a short-lived rally in the first week of

Bitcoin bulls stop declines above $9,300 after $9,400 failed to hold; bulls still yearn for $10,000. The falling wedge pattern becomes Bitcoin bulls’ most anticipated boost above $10,000. Over the last couple of weeks, Bitcoin has been struggling to break the psychological hurdle at $10,000. Glancing higher, a short-lived rally in the first week of

BTCUSD Price Analysis
Bitcoin News
BTCUSD Price Analysis
Bitcoin News

BTCUSD Price Analysis: BTC Trades In Important Channel For Now, Huge Resistance at $10k Again

BTCUSD is trading in a channel parallel in price with the resistance at $10,000 which is important because it is a huge resistance which can confirm again. BTCUSD Price Analysis: 4 Hr Chart Read more BTCUSD is trading above the 55 and 20-EMAs which is a bullish but when it falls below the EMAs it is bearish and continues to be bearish. The RSI is

BTCUSD is trading in a channel parallel in price with the resistance at $10,000 which is important because it is a huge resistance which can confirm again. BTCUSD Price Analysis: 4 Hr Chart Read more BTCUSD is trading above the 55 and 20-EMAs which is a bullish but when it falls below the EMAs it is bearish and continues to be bearish. The RSI is

polkadot bullish waves
Bitcoin News
polkadot bullish waves
Bitcoin News

Bitcoin [BTC] Options Report on Expiration of $1 Billion Contracts: Deribit

Deribit Exchange, the leading platform for options trading at the moment, shared their insights on the impact of the expiry of the contracts on 26th June to the tune of $1 billion. As recently reported on CoinGape, the increase in the volume and open interest of Options contracts has been massive since the time of

Deribit Exchange, the leading platform for options trading at the moment, shared their insights on the impact of the expiry of the contracts on 26th June to the tune of $1 billion. As recently reported on CoinGape, the increase in the volume and open interest of Options contracts has been massive since the time of

BTC
Price Analysis
BTC
Price Analysis

Bitcoin Price Analysis: How This Falling Wedge Pattern Is BTC/USD Only Power Boost To $10k

Bitcoin price hits a thick resistance all at $9,500 but bulls are intentional on containing the price above $9,400. The falling wedge pattern remains the key to $10,000 as long as the breakout is accorded proper volume support. Bitcoin price is struggling with the amount of selling pressure at $9,500. All attempts to break above

Bitcoin price hits a thick resistance all at $9,500 but bulls are intentional on containing the price above $9,400. The falling wedge pattern remains the key to $10,000 as long as the breakout is accorded proper volume support. Bitcoin price is struggling with the amount of selling pressure at $9,500. All attempts to break above

Arcane research
Bitcoin News
Arcane research
Bitcoin News

Paxful Trading Volumes Exceeds LocalBitcoins’ For The First Time In History: Research

Competition in the peer-to-peer crypto trading scene is stiff. Two of the top contenders, Paxful and LocalBitcoins, are prominent features. Arcane Research, on June 17, 2020, revealed that for the first time, Paxful trading volumes have surpassed those of LocalBitcoins.  This is a remarkable feat for the P2P trading platform which has not only been consistent over

Competition in the peer-to-peer crypto trading scene is stiff. Two of the top contenders, Paxful and LocalBitcoins, are prominent features. Arcane Research, on June 17, 2020, revealed that for the first time, Paxful trading volumes have surpassed those of LocalBitcoins.  This is a remarkable feat for the P2P trading platform which has not only been consistent over

Bitcoin
Price Analysis
Bitcoin
Price Analysis

Bitcoin Price Analysis: BTC/USD Lags Pennant Breakout, Delaying Run-up To $10,400

Bitcoin price rejected at $9,600 following an impressive recovery from $8,900. BTC/USD deals with resistance at the 50 SMA while a pennant breakout is delayed but expected. Bitcoin price closed in on $9,600 on Tuesday after a gruesome trading action on Monday when Bitcoin dived under $9,000 to test the support at $8,900. An immediate

Bitcoin price rejected at $9,600 following an impressive recovery from $8,900. BTC/USD deals with resistance at the 50 SMA while a pennant breakout is delayed but expected. Bitcoin price closed in on $9,600 on Tuesday after a gruesome trading action on Monday when Bitcoin dived under $9,000 to test the support at $8,900. An immediate

Bitcoin BTC mining
Regulation News
Bitcoin BTC mining
Regulation News

Kazakhstan Eyes $738 Million Via Crypto In The Next Three Years

A recent report drafted by Kazakhstan’s government along with international experts suggests that the country expects to incur a whopping $738 million through investments pertaining to cryptocurrencies, over the next three years.  Kazakhstan Has Eyes On Crypto Mining People’s perspective on cryptocurrencies has evidently evolved over time. Once considered a currency used for dark web-related

A recent report drafted by Kazakhstan’s government along with international experts suggests that the country expects to incur a whopping $738 million through investments pertaining to cryptocurrencies, over the next three years.  Kazakhstan Has Eyes On Crypto Mining People’s perspective on cryptocurrencies has evidently evolved over time. Once considered a currency used for dark web-related

BTC
Price Analysis
BTC
Price Analysis

Bitcoin Price Analysis: BTC/USD At Triangle Support, Rally To $10,000 and $14,000 Imminent

Bitcoin struggles to hold above $9,400 in the near term; a return to $9,000 seems possible. Two triangle patterns await Bitcoin ready for a rally to $10,000 and $14,000 respectively. Bitcoin price slipped marginally below $9,000 on Monday after facing increased selling activities. It became difficult to hold the price above $9,000, leading to a

Bitcoin struggles to hold above $9,400 in the near term; a return to $9,000 seems possible. Two triangle patterns await Bitcoin ready for a rally to $10,000 and $14,000 respectively. Bitcoin price slipped marginally below $9,000 on Monday after facing increased selling activities. It became difficult to hold the price above $9,000, leading to a

image source shutterstock
Bitcoin News
image source shutterstock
Bitcoin News

Bitcoin [BTC] Futures Update: Huobi Updates to 125x Standard, BitMEX Still on 100x

Huobi Derivatives Markets adds Bi-quarterly futures and raises the trading leverage to 125x. With Binance, Okex, Huobi, and Deribit, all offering 125x leverage, BitMEX which was criticised for 100x margins stays put. Huobi Futures today completed the upgrade on their futures platform to comply with the competition the markets. The crypto derivatives market (futures and options)

Huobi Derivatives Markets adds Bi-quarterly futures and raises the trading leverage to 125x. With Binance, Okex, Huobi, and Deribit, all offering 125x leverage, BitMEX which was criticised for 100x margins stays put. Huobi Futures today completed the upgrade on their futures platform to comply with the competition the markets. The crypto derivatives market (futures and options)

bitcoin
Bitcoin
bitcoin
Bitcoin

Bitcoin [BTC] Exchange Inflow Surges As Price Plummets

The price of Bitcoin has been experiencing immense fluctuations. Earlier today, the king coin was seen dropping deep below $9,500. While Bitcoin slumps, exchange inflows have been significantly increasing.  Will BTC Drop To 8K? Along with other assets, Bitcoin also witnessed a series of highs and lows during this pandemic. Back in March, when COVID-19

The price of Bitcoin has been experiencing immense fluctuations. Earlier today, the king coin was seen dropping deep below $9,500. While Bitcoin slumps, exchange inflows have been significantly increasing.  Will BTC Drop To 8K? Along with other assets, Bitcoin also witnessed a series of highs and lows during this pandemic. Back in March, when COVID-19

Bitcoin Futures Open Interest OKEx BitMex
Price Analysis
Bitcoin Futures Open Interest OKEx BitMex
Price Analysis

Bitcoin Price Analysis: BTC/USD Tumbles Towards $9,000 After A Stable Weekend Session

Bitcoin price struggles to contain losses above $9,200 after another weekend rejection at $9,400. BTC/USD is likely to embrace consolidation above $9,200 before a breakout above the trendline resistance comes into the picture. The granddaddy of cryptocurrencies, Bitcoin has in the past few days struggled to stay afloat. Last week the king of digital assets

Bitcoin price struggles to contain losses above $9,200 after another weekend rejection at $9,400. BTC/USD is likely to embrace consolidation above $9,200 before a breakout above the trendline resistance comes into the picture. The granddaddy of cryptocurrencies, Bitcoin has in the past few days struggled to stay afloat. Last week the king of digital assets

sec sues ICOboc
Bitcoin News
sec sues ICOboc
Bitcoin News

After Bitcoin ETF Rejection, Wilshire Phoenix Moves for Trust Fund Approval

Wilshire Phoenix, a Newyork based investment company seems determined to launch a Bitcoin-only retail investment product. After the rejection of the ETF proposal by the SEC in February, the Financial Services firm is now looking to compete with Grayscale’s Trust Fund products, but on a larger scale.  Earlier this year in February, the SEC rejected

Wilshire Phoenix, a Newyork based investment company seems determined to launch a Bitcoin-only retail investment product. After the rejection of the ETF proposal by the SEC in February, the Financial Services firm is now looking to compete with Grayscale’s Trust Fund products, but on a larger scale.  Earlier this year in February, the SEC rejected

JP Morgan
Bitcoin
JP Morgan
Bitcoin

Bitcoin Comes Through With Flying Colors In Its First Stress Test

Banking giant, JP Morgan’s latest report reveals that Bitcoin was the fastest recovering asset from the Covid-19 slump back in March.  Bitcoin Scores Big In Its First Stress Test Cryptocurrencies, specifically Bitcoin has been often deemed by the highest officials as a currency used for illicit activities. However, with every season that passes by individuals

Banking giant, JP Morgan’s latest report reveals that Bitcoin was the fastest recovering asset from the Covid-19 slump back in March.  Bitcoin Scores Big In Its First Stress Test Cryptocurrencies, specifically Bitcoin has been often deemed by the highest officials as a currency used for illicit activities. However, with every season that passes by individuals