Please share if you find this article interesting. Brazilian Cryptocurrency Exchanges Hit Hard by Tax Regulations Legislators in Brazil have gotten support to regulate the crypto market following allegations of fraud at Atlas Quantum, Zero10, and Trader Group last year, and February saw some of the results of those actions. Bitcoin.com has reported that two major cryptocurrency exchanges based in the South American nation have been shut down following threats of heavy fines and the immediate effects of the regulations. Acesso Bitcoin was one of the exchanges to voluntarily close their doors. Cofounder Pedro Nunes was quoted by crypto news outlet Portal do Bitcoin as saying: “After the Federal Revenue Service introduced these rules we noticed a significant decrease in the traded
Please share if you find this article interesting. Crypto-Friendly Presidential Candidate Andrew Yang Considering a Mayoral Run? “See you back in New York,” Andrew Yang said as he ended his campaign for US president. Cryptocurrency holders saw an ally in 2020 presidential hopeful Andrew Yang, so the news that he was suspending his campaign on Feb. 11 came as a major disappointment. As one of the outspoken candidates on blockchain and crypto, Yang outlined his plans for the cryptocurrency industry and discussed implementing blockchain-based mobile voting for the upcoming election. One of the political action committees (PAC) supporting Yang even allowed donations in Bitcoin. Yang’s progressive ideas when it came to universal basic income drove his campaign out of obscurity and i
Please share if you find this article interesting. $9,000: Bitcoin Breakdown Might Be The Real Deal As Altcoins Plunge Bitcoin was rejected near the $10,500 area against the US Dollar. BTC could extend its decline as Bitcoin PriceBesides, the 50% Fib retracement level of the recent slide from the $10,400 high to $9,632 low is near the $10,000 area to act as a key resistance. The main resistance for bitcoin is near the $10,120 level and the 100 hourly simple moving average.Therefore, a successful break above $10,000 and then a follow up move above the 100 hourly simple moving average is needed for a fresh increase towards $10,500 in the near term.More Losses As Ethereum and Ripple Plunge?As mentioned, Ethereum and ripple are declining heavily, which may perhaps increase pressure o...
Please share if you find this article interesting. Binance Takes Additional Steps to Tap Singapore’s Crypto Market The Monetary Authority of Singapore recently opened its doors to crypto by introducing the Payment Services Act. This policy is intended to regulate cryptocurrency payments and trading using regulations that currently govern traditional fiat payment services as a guideline. Any interested parties must apply for the appropriate licenses in Singapore, including a standard payment institution license, a money-changing license, and a major payment institution license. According to a Feb. 17 Bloomberg report, one of the world’s largest crypto exchanges has done just that. Binance, with headquarters in Malta but also offices in cities across Asia, is attempting to expand i
Please share if you find this article interesting. The Many Facts Pointing to Dorian Nakamoto Being Satoshi - Bitcoin News In March 2014, a Newsweek columnist named Leah McGrath Goodman published a story called “The Face Behind Bitcoin.” She claimed Bitcoin’s inventor was a retired physicist named Dorian Nakamoto. When Goodman arrived at Dorian’s home in California, he said he was “no longer involved in that” and he “cannot discuss it.” The commentary prompted Goodman and her Newsweek cohorts to assume he was talking about the creation of Bitcoin, so they published an exposé about Dorian’s life. The following is the fifth installment of news.Bitcoin.com’s “the many facts” series, with a comprehensive look at the evidence that was tethered to Dorian Nakamoto and Bitcoin’s myster
Please share if you find this article interesting. Ripple (XRP) Nosedives Below $0.30: Is This Fresh Decline or Just Correction? Ripple declined heavily from well above $0.3200 against the US Dollar. XRP price even dived below $0.3000 and it could continue to move down in the near term.Ripple price fell sharply after the bears were able to clear the $0.3000 support against the US dollar.The price traded as low as $0.2677 and it is currently correcting losses.There are two connecting bearish trend lines forming with resistance near $0.2950 and $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken).The price must climb back above $0.3000 to start a fresh increase in the coming sessions.Ripple Price Could Extend LossesIn the past 3-4 sessions, ripple faced an incr...
Please share if you find this article interesting. Ethereum Tumbles 8%: Here’s Key Support Turned Resistance For The Bulls Ethereum started a sharp decline below the $265 and $260 support levels against the US Dollar. ETH even tumbled below $250 and it is currently correcting losses.Ethereum is down more than 8% and it even spiked below the $250 support against the US Dollar.The price traded as low as $236 and it is currently recovering losses.There is a major bearish trend line forming with resistance near $264 on the hourly chart of ETH/USD (data feed via Kraken).Ethereum PriceThe 50% Fib retracement level of the recent dive from the $274 high to $236 low is also near the $260 area and acting as a hurdle for the bulls. Therefore, a clear break above the $260 level, 100 hourly s
Please share if you find this article interesting. Crypto Games, a Market in the Making of Its Own Fortune Since the release of a game called CryptoKitties in November 2017, the concept of nonfungible tokens has been rooted in the minds of developers and crypto investors alike. The year 2019 was groundbreaking, with large, multinational companies beginning to draw attention to the new sector of digital assets and develop their own projects. In 2020, however, new games backed by different technologies are starting to emerge. So, what does 2020 hold for crypto games? Tokens that cannot be changed There are a lot of fungible tokens that the crypto community uses every day, like Monero (XMR) and so on. An excellent example of such tokens is the well-known standard, ERC-20, which emer...
Please share if you find this article interesting. Does Correlation Between Bitcoin Price and Altcoins Mean Buy the Dips? Bitcoin (BTC) price reached a new 2020 high on Feb. 13, 2020, crossing $10,497 following a 42% gain since the start of the year. This appreciation in price has led crypto analysts to suggest that a new bull run is in its early stages and some estimate that the price will reach a new all-time high at $27,000 by summer. Other analysts believe the price will reach the coveted $100,000 mark right before the start of 2021. Cryptocurrency market daily overview. Source: Coin360 Alongside Bitcoin’s price gain, altcoins have been surging as well. Over the past week NEM and Tezos (XTZ) posted amazing double-digit gains, raising the idea that altcoins and Bitcoin bull p
Please share if you find this article interesting. More On-Ramps, Liquidity, Options: Why Bitcoin's Next Bull Run Will Be Different - Bitcoin News Bitcoin’s next bull run will look very different from the last one. In 2017, BTC took the elevator to $20K before following the stairs down to $3K over the course of 12 months. In 2020, as bitcoin prepares for its halvening – followed by another potential price run – the cryptocurrency landscape looks very different. Here’s what’s improved since 2017. Also read: Tradeblock Estimates Post-Halving Mining Cost of $12,500 per BTC More Fiat Gateways In 2017, getting funds into crypto called for routing them via dubious banks, paying dearly for the privilege, and often waiting days for the transaction to clear. In 2020, most exchanges have