Please share if you find this article interesting. Advocate Files for Immediate Regulation of Bitcoin in India Advocate Bivas Chatterjee filed a public interest litigation (PIL) on Friday in the Calcutta court to immediately regulate the flow of Bitcoin in and out of India, according to local news sources. In his petition, Chatterjee suggested that cryptocurrencies are predominantly used for nefarious purposes and should be regulated or banned, as in China, as quickly as possible. He said: “Use of Bitcoin was maximised post demonetisation, when cashless economy was being promoted. In India, law enforcement agencies are confused… Either the government should ban Bitcoin by declaring it illegal like China or there must be a regulatory body to control its flow.” Anonymity a proble
Please share if you find this article interesting. Bitcoin Price Technical Analysis for 01/09/2018 – Break and Retest Bitcoin Price Key Highlights Bitcoin price recently broke below a short-term ascending trend line, indicating that a selloff is underway. Price popped up from the $14,000 support zone to make a retest of the broken trend line support. Applying the Fib tool on the breakout move shows the nearby resistance levels on this pullback. Bitcoin price broke below a rising trend line to signal a reversal, which might gain traction after this pullback is completed. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA, though, so the path of least resistance might still be to the upside. The 200 SMA could hold as dynamic resistance since it lines up with
Please share if you find this article interesting. SEC Suspends Trading of UBI Blockchain Following ‘Unexplained Market Activity’ The Securities and Exchange Commission (SEC) has suspended trading of shares of UBI Blockchain. The regulator has issued the suspension based on: “(i) Questions of the accuracy of assertions...regarding the company’s business operations; and (ii) concerns about recent, unusual and unexplained market activity in the company’s Class A common stock since at least November 2017.” The company’s stock surged from $9 to $87 in just one week last December, according to CNBC, before returning to $22 today. Rising tide lifts all boats UBI Blockchain is one of several companies whose stock price has benefited from the Bitcoin and Blockchain craze that has swept
Please share if you find this article interesting. Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano: Price Analysis, Jan. 8 The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. After a bumper 2017, the cryptocurrency market is attracting new traders who wish to make a fortune in short time. While this is a bullish development, it is also fraught with risk. Most newbies entering the markets believe that it is a ‘get rich quick’ scheme. However, a majority will end up investing in coins that are likely to vanish from the scene in a few years. Too many inexperienced
Please share if you find this article interesting. Restoring Data Back to its Owners With Blockchain Before the Internet and the rise of social media, marketing and advertising was done offline. Brands and advertisers leveraged the power of ads, banners, print content and TV to target their customers. The process may have been more transparent, but it had flaws because conventional research methods to profile customers were imprecise and lengthy. Surveys and questionnaires used to be the norm. When online advertising stormed in, an industry that was once worth billions became extinct. With the advent of the Internet and social media, the traditional marketing and advertising industry changed. Paid campaigns on Facebook and Google have gone mainstream, leading to the materializati...
Please share if you find this article interesting. The Crypto Market Just Dropped on One Data Adjustment CoinMarketCap, perhaps the go-to source for cryptocurrency market data, has sparked an uproar after it moved to exclude South Korean exchanges from its price average calculations. The unannounced move to remove data from Bithumb, Coinone and Korbit from its average calculations sparked confusion given that its front-page suggests a broad decline in the cryptocurrency market, including what appeared to be a near-30% fall in the price of XRP. The overall market cap of the market – one measure by which traders assess the ecosystem – dropped sharply once the change went into effect, which appears to have taken place just before 5 a.m. UTC. That shift can be notably seen in the 2
Please share if you find this article interesting. Cryptocurrency Market Takes a Tumble as Ripple Bubble Fear Looms 2018 did not begin on a good note for Bitcoin as the monster rally leading to Christmas crashed, but it made a bit of a recovery in and among a boom for a number of altcoins. However, Monday has not been a good day for the entire cryptocurrency market. Looking down the graphs of the top cryptocurrencies, you’d be hard-pressed to find one in the black as all of the top 10 coins hit a downward trend, led by Ripple which had dropped by almost 28 percent over the last 24 hours. Red across the board Coinmarketcap showed some unpleasant numbers for all top 10 coins as Bitcoin was registered as being down 11 percent, Ripple down 28 percent and Bitcoin Cash down 20 percent.
Please share if you find this article interesting. Ripple Down 30 Percent as Bull Run Fades Ripple's XRP token is down more than 30 percent today, as losses are seen across the top 15 cryptocurrencies. Having rallied more than 35,000 percent last year, the price of XRP rose to lifetime high of $3.85 on Jan. 4. However, the bull run faded in subsequent days. Over the weekend, XRP traded in a sideways manner above $3.00, before falling below the psychological level earlier today. At time of writing, the world's third-largest cryptocurrency by market capitalization is trading at $2.34 levels. The decline comes alongside declines across the top 15 cryptocurrencies today. Other top losers are bitcoin cash (-17.5 percent), litecoin (-12.9 percent), cardano (-8.68 percent), NEM (-8 perc...
Please share if you find this article interesting. Banks and the Blockchain Blues Noelle Acheson is a veteran of company analysis and member of CoinDesk's product team. The following article is an exclusive contribution to CoinDesk's 2017 in Review. Like the misleading opening of a well-crafted thriller, the blockchain bustle in the banking sector is sending a confusing message. To see how, let's take a brief look at the timeline: In 2013, the news was full of banks shutting down bitcoin company accounts and worrying about being displaced by the innovation. This continued in 2014, while a handful of brave institutions began to look at the underlying technology. In 2015, we started to see the emergence of "thought leadership" from some incumbents, as well as promises of imminent
Please share if you find this article interesting. An African Revolution Being Borne of the Back of Bitcoin and Blockchain The stereotypical thought of an African revolution, one that breaks the chains of oppression and domination, sparks images of bloody battles of liberation. But now, with a new tool that does not discriminate or exclude, Bitcoin is helping African millennials free himself from financial repression. Armed with only a smartphone everyday African citizens are able to tap into a growing ecosystem and profit from it. But it is more than that; businesses are looking to use Blockchain technology as a cheaper alternative in order to build a better business. Everyday freedom In order for an individual to enter the stock market or to invest in a company or idea, it requ...