Please share if you find this article interesting. Coinbase Gets $20 Billion Prime Client, Ads Back on Facebook - Bitcoin News Exchanges Coinbase, the San Francisco-based cryptocurrency exchange already valued as high as $8 billion by itself, had a couple more additional positive developments recently. The company reportedly landed a $20 billion prime client and got its ads reinstated on Facebook. Also Read: The Weekly: New Regulations, Blackrock Probes Market, Coinbase Gets Into Politics $20 Billion Hedge Fund Coinbase has been focusing on big institutional money recently, launching a custodial service this month and, earlier this year, establishing Coinbase Prime, a suite of tools specifically designed for institutions, along with an institutional coverage group headquarte...
Please share if you find this article interesting. Reserve Bank of India Urges Supreme Court to Regulate Crypto India's central bank, the Reserve Bank of India (RBI), has urged the country’s Supreme Court to regulate cryptocurrencies, local news outlet the Financial Express reports July 21. In April of this year, the RBI announced it will stop providing services to businesses or persons dealing with cryptocurrencies, citing high risks. The RBI’s senior advocate Shyam Divan told a bench led by Chief Justice Dipak Misra that it is necessary to regulate Bitcoin (BTC) and other cryptocurrencies since these “particular means” will “encourage illegal transactions.” Divan also pointed out that the issue has “immense policy dimensions,” attesting that crypto has the potential to impact g
Please share if you find this article interesting. Crypto Trading 101: Stochastic Oscillators and Price Momentum You may have heard of a lagging or leading indicator before. Maybe your friends have tossed around terms like bullish or bearish divergences, oversold or overbought conditions and what signals you should use to enter or exit the market. While there are many tools that can assist with this, one often overlooked indicator is called the stochastic oscillator. Nothing unique to the world of blockchain, the stochastic is a momentum indicator that compares the closing price of the asset with its high-low range over a certain period of time, it's a handy tool. Even better, it works no matter the volatility, even in the fast-moving market for cryptocurrencies. First, the parti...
Please share if you find this article interesting. The Weekly: New Regulations, Blackrock Probes Market, Coinbase Gets Into Politics - Bitcoin News The Weekly In this week’s daily editions of Bitcoin in Brief, we showcased stories about politicians trying to enforce their will on the cryptocurrency ecosystem around the world, thus pushing companies that are big enough to join the money-in-politics game. Also Read: Malta Stock Exchange to Develop Two New Platforms for Security Tokens Bitmain Expands R&D in Israel On Monday, we reported that Bitmain Technologies Ltd., the Beijing-headquartered bitcoin mining hardware (ASIC chips) producer, plans to expand its research and development center in Israel and expects to triple its workforce in the country. Bitmain explained that it
Please share if you find this article interesting. UK Police Top up Budget With Proceeds From Sale of Seized BTC - Bitcoin News News A UK police department has sold 295 BTC which they say were legally seized from a drug dealer. The court ordered him to forfeit his crypto stored in a hardware wallet. The police reportedly get to keep 18.8% of the sale proceeds. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space British Police Seized BTC from Drug Dealer The Crown Prosecution Service (CPS), the principal public prosecuting agency for conducting criminal prosecutions in England and Wales, unveiled this week the details of a case involving 295 BTC. The CPS wrote: A drug dealer and money launderer who was using cryptocurrency to conceal his funds has had over £1.2
Please share if you find this article interesting. New BATM Supporting BTC, BCH Launches in Sofia - Bitcoin News News A crypto teller machine exchanging a number of cryptocurrencies with fiat, including bitcoin (BTC) and bitcoin cash (BCH), will be operational next week in a Sofia mall. The BATM is a two-way device that will accept euro, dollar and Bulgarian lev deposits. It will also buy cryptos and print paper wallets. Also read: Eastern Europe: Regulation Postponed, Tax Abandoned, Banks Enlightened Two-Way Bitcoin ATM in Sofia The new BATM will be available to residents and visitors of Sofia, the capital of Bulgaria, from Monday. The teller machine supports two-way transactions for several cryptocurrencies including bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), lit
Please share if you find this article interesting. Indian Central Bank Makes a Case Before Supreme Court Against Allowing Crypto Use - Bitcoin News Regulation India’s central bank told the country’s supreme court on Friday that “allowing dealings in cryptocurrencies like bitcoin would encourage illegal transactions.” Other crypto petitions being heard include one asking the government to “take emergency steps to restrain the sale and purchase of illegal cryptocurrencies.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI’s Argument The Reserve Bank of India (RBI), the country’s central bank, appeared before the supreme court Friday to defend its position regarding cryptocurrencies. RBI issued a circular on April 6 banning financial institutions under its co
Please share if you find this article interesting. Crypto Markets See Solid Upswing, Bitcoin Pushes $7,500 Crypto markets are seeing mostly green today, July 21, continuing the momentum of this week’s upswing. The top ten altcoins are solidly regaining strength today, up as much 8%, according to Coin360, with Bitcoin (BTC) only slightly in the green, hovering near yesterday’s levels. Market visualization from Coin360 The top cryptocurrency is currently trading at $7,426 at press time, up just under 1 percent on the day. Bitcoin saw an intraday low of $7,246. Low point in Bitcoin’s 24-hours chart. Source: Cointelegraph Bitcoin Price Index Top altcoin Ethereum (ETH) has seen more significant growth over the past 24 hours, up almost 5 percent and trading at $466 at press time. T
Please share if you find this article interesting. Altcoins Are Dying - Bitcoin News Altcoins Anyone unacquainted with the cryptocurrency market might assume, casually reading the price of bitcoin in their morning paper, that the past seven days have been good for investors. BTC is up 18% in a week and is now hovering around the $7,400 mark. By any reckoning, that’s good going. But bitcoin’s recent show of strength belies turmoil within the crypto markets. Many altcoins aren’t just down in BTC terms: they’re dying a slow death by 1,000 red wicks. Also read: Big-Name Insurers Stepping Up Their Crypto Game Alts Are Submerged in a Bloodbath It’s been a mixed week for cryptocurrency investors. While BTC has been on fire, altcoins have been withering and dying, with lower lows, l
Please share if you find this article interesting. From Positive Regulation to Ponzi Comparisons: What Went On at US Congress Crypto Hearings July 18 proved to be an important day for the crypto industry, as two separate U.S. Congress hearings centring the matter were held: one by the House Agriculture Committee, and the other one by the House Financial Services Committee. The two stroke completely different tones: while the latter echoed the most conservative sentiments regarding the realm of crypto (with the somewhat obligatory call for a blanket ban), the former seemed more positive, as the board of experts provided the regulators with collected considerations bothering the industry. Nevertheless it’s the House Agriculture Committee hearing we should focus our attention. Parti