News

Five Years of Bitcoin Trendlines All Lead to This One Point; “Fireworks” Inbound

Since Bitcoin’s genesis block was first mined, the cryptocurrency has been caught within a whirlwind that has allowed BTC to post gains that defy historical precedent. Although the past couple of years have tempered the excitement surrounding the cryptocurrency, it is important to note that multiple bullish factors are fast approaching on the horizon, and …

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Accused Bitcoin Launderer Vinnik Reportedly Arrives at French Hospital

According to a Facebook post by Alexander Vinnik’s lawyer, Zoe Konstantopoulou, the alleged BTC-e money launderer has successfully been extradited to France.  Social media update In a post on the social media site at UTC 8:10, Konstantopoulou wrote:  “Alexander is at Hotel Dieu Hospital in Paris, as my French colleague informed me, while the Greek …

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Indian Supreme Court Warms Up to Crypto – RBI’s Arguments Not Convincing

India’s supreme court heard the crypto case on Thursday, starting with the arguments by the counsel for the Reserve Bank of India (RBI). After pointing out that the RBI ban only hurts crypto businesses but does not stop crypto trading, the court explained that “being an honest contributor to the blockchain is more profitable than …

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Bitcoin Price Slides to $8.5K as 200MA Resistance Keeps Bulls in Check

Bitcoin (BTC) dipped below $8,500 on Jan. 23 as traders’ expectations of a slow downtrend from recent highs appeared to slowly come true. Cryptocurrency market daily overview. Source: Coin360 BTC returns to $8,400s Data from Coin360 and Cointelegraph Markets showed BTC/USD reach lows of $8,480 overnight on Wednesday. At press time, Bitcoin hovered at around …

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Polkadot Will Finally Launch This Year – But Is the Multi-Chain Network too Late to Catch Ethereum?

Remember Polkadot? It’s the multi-chain network that raised $145 million in 2017 and hasn’t been seen since. But unlike many of the blockchain projects from that era, Polkadot hasn’t taken the money and run. Its team, led by Ethereum founder Gavin Wood, has been beavering away at the ambitious task it set itself. Two and …

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Bitcoin Has Begun Its Journey to Fresh All-Time Highs; Factors to Consider

2020 has been a great year for Bitcoin, with its rally from its late-2019 lows of $6,400 altering the cryptocurrency’s market structure to greatly favor bulls, leading many investors to believe that these lows will mark a long-term bottom for BTC. This optimistic belief is not unwarranted, however, as multiple technical and fundamental factors also …

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Ray Dalio Calls for Investment Diversification, But Not in Bitcoin

Ray Dalio, multi-billionaire and founder of investment firm Bridgewater Associates, said investors should not miss out on traditional markets, CNBC reported on Jan. 21. Dalio warned from holding Bitcoin, saying that it’s neither a medium of exchange nor a store of value. Dalio was interviewed at the World Economic Forum in Davos, Switzerland, where he …

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Crypto vs RBI: Exchange Counsel and RBI Take Center Stage at Supreme Court Today

India’s supreme court spent all day on Wednesday hearing extensive arguments from both the counsel representing crypto exchanges and the central bank, the Reserve Bank of India (RBI). The counsel for the central bank confirmed again that cryptocurrency is not banned in India, but still justifies the banking restrictions on the crypto industry. Also read: …

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Bitcoin Indicator that Crashed Price to $3.1K Returns: The Dreaded Death Cross

Bitcoin is looking to repeat a technical pattern that crashed its price to $3,120 in late 2018. The leading cryptocurrency by valuation made a rebound from levels near $13,920 during June 2019. It plunged by more than 53 percent in the later sessions, falling to establish a local bottom towards $6,410. Entering January 2020, an …

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$75,000: Bitcoin’s Price is Set to Climb Exponentially If This Fractal Plays Out

Bitcoin has seen some afternoon volatility today after the cryptocurrency dipped as low as $8,400 before quickly surging up towards $8,800. This dip and subsequent rise further confirms the massive amount of support that exists directly below BTC’s current price level, and bolsters its bulls. Now one prominent analyst is explaining that Bitcoin’s recent price …

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How Not to Lose Your Coins in 2020: Alternative Recovery Methods

When Peter Schiff claimed that his wallet lost his Bitcoin (BTC), many in the crypto community were skeptical. While some believe that Schiff simply lost his password, others, like Ethereum co-founder Vitalik Buterin, highlighted that losing private keys remains an important issue for cryptocurrency users. Being your own bank is hard Keeping custody of your …

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This Surprising Factor Will Massively Increase Bitcoin Adoption, Says Industry Execs

Right now, Bitcoin and other cryptocurrencies are something of a niche offering. But many nations continue to skirt economic meltdown, thanks in part to unprecedented levels of quantitative easing. As such, some industry commentators predict a flippening when stuff finally does hit the fan. A global economic recession is inevitable, and it will benefit bitcoin …

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CME’s Futures Options Sprinted Out of the Gate but a Marathon Lies Ahead

In the two years since it launched cash-settled Bitcoin futures, CME has firmly established itself as a leader in the regulated crypto derivatives space despite not always being the first to market. In December 2017, it launched regulated Bitcoin futures a week after rival exchange CBOE. However, it only took 15 months for CBOE to completely withdraw from the …

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Bitcoin Cash Gets Significant Privacy Boost With Cashfusion Alpha Launch

On January 17, the BCH developer known as Acidsploit announced the launch of the highly anticipated Cashfusion alpha. Interested parties can reach out to the Cashfusion developers via the team’s Telegram group to become an alpha tester. The news of the launch excited the BCH community a great deal, as it means a significant privacy …

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Cardano’s Commercial Arm to Help Uzbekistan Form Blockchain Task Force

The Cardano blockchain’s commercial arm, Emurgo, has partnered with the government of Uzbekistan to form a blockchain task force to develop regulations for security token offerings (STOs) and exchanges (STXs). In a Jan. 20 press release, Emurgo revealed its new cooperation with the Uzbek government and Kobea Group &  Infinity Blockchain Holdings — the official …

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Lawsuit Against Ripple May Decide the Fate of XRP but Regulators Have the Final Say

A prolonged legal battle, which may hold the key to XRP’s future, has been extended again. The class action lawsuit alleges that Ripple issued and sold the coin, one of the largest by market cap, as an unregistered security. The decision on the defendant’s motion to dismiss the lawsuit has been postponed. But even a …

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