Thursday, November 21Your Daily Bitcoin & Altcoin News Portal
Crypto Swapping App Sideshift AI Drops Access Code Requirement – Bitcoin News

Crypto Swapping App Sideshift AI Drops Access Code Requirement – Bitcoin News

BITCOIN
Please share if you find this article interesting. Crypto Swapping App Sideshift AI Drops Access Code Requirement - Bitcoin News Since launching in January, Sideshift.ai has become a well known cryptocurrency application that allows people to swap 20+ cryptocurrencies in an automated manner. When Sideshift first launched, users needed an access code to use the service, but on November 20 the team removed access codes and the platform’s affiliate program has fully activated. Also read: Maduro Plans to Give Venezuelan Pensioners Petro as Christmas Bonus Sideshift AI Removes Access Code Requirement For almost a year now, Sideshift.ai has offered an automated cryptocurrency swapping service that allows people to trade specific digital assets at a rapid pace. Users leveraging the Si
New Bill Would Put Facebook’s Libra Stablecoin Under US Securities Law

New Bill Would Put Facebook’s Libra Stablecoin Under US Securities Law

BITCOIN
Please share if you find this article interesting. New Bill Would Put Facebook’s Libra Stablecoin Under US 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 scrutiny on Facebook’s not-yet-launched Libra stablecoin and related projects, CNBC reports Nov. 21. The bipartisan team of the House Financial Services Committee introduced the bill today, speaking at a committee hearing on the role of big data in financial services. Libra is “clearly” a security under existing law, lawmaker claims In the new bill called the “Managed Stablecoins are Secu
Markets Crash After Reports That Binance’s Shanghai Office Closed in Crypto Crackdown

Markets Crash After Reports That Binance’s Shanghai Office Closed in Crypto Crackdown

BITCOIN
Please share if you find this article interesting. Markets Crash After Reports That Binance's Shanghai Office Closed in Crypto Crackdown 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 reportedly worked out of the Shanghai location. Binance has not responded to Cointelegraph’s requests for comment as of press time.  Closure follows crackdown  The purported raid follows a crackdown on cryptocurrency-related businesses and activities in the country.  Recently, financial authorities in China issued a notice to the public, directing individuals t
Venezuela Cuts Petro’s Backing from 5B Barrels of Oil to 30M: Reuters

Venezuela Cuts Petro’s Backing from 5B Barrels of Oil to 30M: Reuters

BITCOIN
Please share if you find this article interesting. Venezuela Cuts Petro’s Backing from 5B Barrels of Oil to 30M: Reuters 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 ready for immediate commercialization to serve as a “liquid, physical, material backing” for the Petro.  The president announced the news on Nov. 20 on state television, according to a Reuters report. In the announcement, Maduro called the Petro a “sovereign Venezuelan crypto asset.” Venezuela initially planned to back the Petro with 5 billion barrels of oil While Maduro has not provided any details on how the sale of oil in
Binance.US Now Provides Institutional Liquidity to Crypto Brokerage Firm Tagomi

Binance.US Now Provides Institutional Liquidity to Crypto Brokerage Firm Tagomi

BITCOIN
Please share if you find this article interesting. Binance.US Now Provides Institutional Liquidity to Crypto Brokerage Firm Tagomi Binance’s cryptocurrency trading platform for United States-based users, Binance.US, has partnered with crypto brokerage firm Tagomi to provide institutional liquidity for its users. The partnership was announced in a Nov. 21 press release, detailing that Binance.US will now offer institutional liquidity for Tagomi’s users, including quant funds, venture funds, family offices, individual retirement accounts and high-net-worth individuals. Tagomi’s customers will also receive increased access to Binance.US’s select trading pairs. Cultivating a new class of crypto investors Commenting on the development, Catherine Coley, CEO of Binance.US, noted that th
Chinese Tech Capital Shenzhen Issues Warning Against Crypto Activities

Chinese Tech Capital Shenzhen Issues Warning Against Crypto Activities

BITCOIN
Please share if you find this article interesting. Chinese Tech Capital Shenzhen Issues Warning Against Crypto Activities The Chinese technology capital of Shenzhen issued a warning against illegal activities concerning cryptocurrencies. Local finance news outlet Eastmoney reported on Nov. 21 also that Shenzhen’s Leading Group for Remediation of Internet Finance Risks will investigate and collect evidence on illegal activities involving cryptocurrencies The crypto ban improved safety, says official body The Leading Group warning states that, since China banned local exchanges and initial coin offerings (ICOs) from operating in 2017, the illegal activities associated with cryptocurrencies and financial risks were greatly reduced. Still, the regulator notes that the recent endorsem
Google, Facebook Take on Banking Duties, Crypto Shrugged to the Side?

Google, Facebook Take on Banking Duties, Crypto Shrugged to the Side?

BITCOIN
Please share if you find this article interesting. Google, Facebook Take on Banking Duties, Crypto Shrugged to the Side? A peculiar phenomenon is occurring within the economic sector. In fact, it’s been transpiring over the past few decades. After the rise of the internet and the development of effective communications, the financial industry underwent a technical reconstruction. Those formerly disbarred due to a lack of capital found refuge in this revolution. Internet brokers and e-commerce start-ups with little more than a “.com” suffix proliferated.  Some even threatened to subvert entrenched financial institutions. Among those attempting a banking coup was Confinity — now Paypal — one of the first online payment processors. Unbeknownst to most, financial disruption was the f
Bitcoin Emits Less Carbon Than Previously Claimed, New Study Finds – Bitcoin News

Bitcoin Emits Less Carbon Than Previously Claimed, New Study Finds – Bitcoin News

BITCOIN
Please share if you find this article interesting. Bitcoin Emits Less Carbon Than Previously Claimed, New Study Finds - Bitcoin News Bitcoin has been regularly attacked for its energy-intensive mining process, powered by serious amounts of electricity. It’s been claimed that it leaves a carbon foot print comparable to that of a large city or even a small country, an allegation that often finds its way to the headlines of mainstream media outlets. But a new study proves the devil is in the details. Bitcoin’s CO2 emissions, according to the authors, are much more modest than suggested by previous reports. Also read: Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well Getting the Numbers Right Various studies have painted a pretty negative picture of Bitcoin’s
Assassin’s Creed Dev Becomes Block Producer for EOS-Based Gaming Startup

Assassin’s Creed Dev Becomes Block Producer for EOS-Based Gaming Startup

BITCOIN
Please share if you find this article interesting. Assassin's Creed Dev Becomes Block Producer for EOS-Based Gaming Startup Ubisoft, the game development giant behind the videogame Assassin’s Creed, partnered with EOS-based game distribution platform Ultra. According to a press release shared with Cointelegraph on Nov. 21, Ubisoft will be a corporate block producer on the testnet version of Ultra’s EOS sidechain, dubbed UOS. As such, the company will help maintain the network and approve transactions on it during the trial period. Alignment of interests Transactions on the network will include in-game asset creation, ownership transfers between players and payments. Per the release, Ultra chose Ubisoft as a block producer because it is in the game developer’s best interest to hel
Bitcoin (BTC) Price Diving, Gates To $7,400 Now Wide Open

Bitcoin (BTC) Price Diving, Gates To $7,400 Now Wide Open

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin (BTC) Price Diving, Gates To $7,400 Now Wide Open Bitcoin price is diving and it recently broke the $8,000 support area against the US Dollar.The price is under a lot of pressure and recently traded to a new monthly low at $7,828.Morning’s bearish flag pattern was breached with support near $8,080 on the hourly chart of the BTC/USD pair (data feed from Kraken).The next key target for the bears could be $7,400 (as discussed in the recent Bitcoin PriceLooking at the chart, bitcoin price is clearly gaining bearish momentum below the $8,000 support area. There are high chances of additional losses towards the $7,400 support unless the price rallies above $8,020 and $8,200 in the near term.Technical indicators:Hourly MACD – Th