Please share if you find this article interesting. Bitcoin Eyes Bear Revival After Key Support Breached Bitcoin's (BTC) bears may be building for a strong comeback, having pushed prices to a eight-day low below $6,300 earlier on Friday. The price fell to $6,286 on Bitfinex at 09:50 UTC, the lowest level since June 14, and, at press time, was changing hands at $6,326, down around 6 percent over 24 hours. As discussed yesterday, the cryptocurrency's persistent failure to scale the $6,800 mark in a convincing manner had raised the prospects of another leg down in bitcoin prices. It seems that process is now underway. Bitcoin breached the key support of $6,620 a couple of hours ago – signaling that the relief rally from the June 13 low of $6,108 has ended at $6,850 (June 18 high) and
Please share if you find this article interesting. Chinese Gov’t Partners With Tencent on New Blockchain Security Alliance Chinese officials are partnering with tech giant Tencent on the formation of a new China Blockchain Security Alliance, according to a report from state-owned ChinaNews June 21. Aiming to promote security in the blockchain industry, the new alliance was announced at yesterday’s China Blockchain Security Forum in Beijing, hosted by the government-backed China Technology Market Association (CTMA). According to ChinaNews, the alliance will consist of Tencent’s security arm, CTMA, the China Blockchain Application Research Center, and 20 other public and private institutions, including government advisory agencies, network security firms and blockchain-related orga
Please share if you find this article interesting. Japan Hits 6 More Crypto Exchanges With ‘Business Improvement Orders’ Japan’s financial regulator the Financial Services Agency (FSA) has sent business improvement orders to six major cryptocurrency exchanges, Cointelegraph Japan reports June 22. According to press releases listed on its website, the FSA has demanded a risk management overhaul - centered on anti money laundering (AML) and know-your-customer (KYC) requirements - from bitFlyer, Quoine, BTC Box, Bit Bank, Tech Bureau and Bit Point. As Cointelegraph Japan reports, bitFlyer, currently the 23rd exchange in the world by trade volume, has already begun remedial measures in response to its order, halting new account registrations and reviewing user identification document
Please share if you find this article interesting. Taiwan’s Financial Regulator to Conduct Limited Oversight of Cryptocurrencies - Bitcoin News Economy & Regulation The Financial Supervisory Commission of Taiwan has indicated its intentions to maintain only a limited oversight of cryptocurrencies. The regulator said it’s going to focus mainly on the enforcement of anti-money laundering policies, while remaining open towards innovations like those coming from the crypto sector. Also read: Bitcoin Businesses Denied Banking Services in Ireland Not Stifling Innovation With the executive power in Taipei still mulling over new regulations for cryptocurrencies and initial coin offerings (ICOs), representatives of Taiwan’s financial regulator indicated their unwillingness to slow do
Please share if you find this article interesting. Japan Penalizes Crypto Exchanges - Yakuza Involvement Confirmed - Bitcoin News Regulation The Japanese regulator has issued business improvement orders to six of the country’s 16 fully-licensed crypto exchanges including Bitflyer, Quoine, and Tech Bureau. The agency confirmed to news.Bitcoin.com that at least one of the six exchanges has some form of involvement with the Yakuza. Responding to the improvement order, Bitflyer has halted new account registrations. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Punishing 6 Regulated Exchanges Japan’s top financial regulator, the Financial Services Agency (FSA), issued six new business improvement orders on Friday, June 22. The orders to Bitflyer, Tech Bureau, Bi
Please share if you find this article interesting. The Downside of Democracy (and What it Means for Blockchain Governance) Taylor Pearson is the author of "The End of Jobs" and writes about entrepreneurship and blockchain technologies at TaylorPearson.me. Following acrimonious debates within the bitcoin and ethereum communities over the past few years regarding governance decisions that ended in forks, there has been a wave of projects offering on-chain governance. This is a system for deciding on changes to public blockchain protocols using formalized governance mechanisms encoded in the blockchain, rather than informal discussions offline. Prominent examples of protocols with on-chain governance include Tezos, EOS and Decred. While these projects may have some value, I believe
Please share if you find this article interesting. Only a Third of the Richest Informed on Bitcoin - Bitcoin News Economics Despite seeing their investment return above 20% in 2017 for two consecutive years, the richest people in the world say they are not fully satisfied with their asset managers and want to learn more about crypto. Also read: At Least $20 Billion in Crypto Investment Awaits Custody Streamlining, Approval Only a Third of the Richest Were Informed on Crypto The collective wealth of the world’s millionaires went up to US$70 trillion for the first time, and they will have amassed US$100 trillion by 2025, a survey released earlier this week revealed. The Capgemini World Wealth Report 2018 found that rich people are increasingly interested in cryptocurrencies, b
Please share if you find this article interesting. Cardano Price Analysis: ADA/USD Extending Losses Key HighlightsADA price traded further lower and broke the $0.1550 support against the US Dollar (tethered).There is a crucial bearish trend line formed with resistance near $0.1555 on the hourly chart of the ADA/USD pair (data feed via Bittrex).The pair is currently in a downtrend and it could break the $0.1500 support for more losses.Cardano price failed to recover against the US Dollar and Bitcoin. ADA/USD tumbled and it remains at a risk of more losses below the $0.1550 level.Cardano Price AnalysisDuring the past few sessions, there was an increase in selling pressure on ADA price below $0.1660 against the US Dollar. The ADA/USD pair failed to break the $0.1650 resistance and s...
Please share if you find this article interesting. Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-No - Bitcoin News The Daily From the serious to the ridiculous, today’s edition of Bitcoin in Brief has got it all, and by “all” read “a varied selection of crypto-related topics numbering no less than four and no more than six.” That doesn’t sound nearly as alluring though, does it? All it is then. Take a deep breath and let’s dive right in. Also read: Craig Wright Referenced as Satoshi in Chinese University Textbook Oh No Nano! Yesterday was a big day for free transactions altcoin Nano: its Android wallet was released. Shortly after being unveiled, however, a small problem was detected. Okay, make that a pretty big problem: For the record, Nano is the coin synonym
Please share if you find this article interesting. Ripple Price Analysis: XRP/USD Broke Channel Support Key HighlightsRipple price was not able to gain momentum and broke the $0.5400 support against the US dollar.Yesterday’s highlighted important ascending channel was breached with support at $0.5350 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is back in a bearish zone and it could continue to move down towards the $0.5150 level.Ripple price fell sharply below key supports against the US Dollar and Bitcoin. XRP/USD is likely to extend declines towards the $0.5150 and $0.5100 levels.Ripple Price ResistanceYesterday, Ripple price made an attempt to break the $0.5500 resistance against the US Dollar. The XRP/USD pair failed to move past $0.5500 and $0.