Day: January 7, 2019

Epic Games’ Fortnite Store Starting to Accept Monero Was Accidental, CEO Confirms

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Temporary volatility hit Monero (XMR) over the weekend after a gaming company chief said it accidentally began accepting the privacy-focused altcoin for payments Jan. 5. Epic Games, which developed the popular video game Fortnite, had opened an official merchandise store, Retail Row, in December. According to Epic’s CEO Tim Sweeney, Monero had entered the store’s suite of payment options “somewhere along the way” but was unintentional, with staff subsequently removing it over the weekend. “We worked with a partner to open a merchandise store, and somewhere along the way Monero…

Bitcoin Price Analysis: BTC/USD Trends of January 7–13, 2019

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Key Highlights: Bitcoin price remains on sideways movement within the range; the bulls pushed up the BTC price towards $4,249 price level; the break out is imminent on the BTC market. BTC/USD Long-term Trend: Ranging Resistance levels: $4,249, $4,715, $5,424Support levels: $3,679, $3,247, $2,765 The cryptocurrency remains on the consolidating phase on the long-term outlook. Throughout last week the Bitcoin price remains to trade on the 21-day EMA without any significant movement. Both the bears’ pressure and the bulls’ pressure were still at equilibrium; the BTC is still range-bound between…

Bitcoin Tops $4,000 Amid Mostly Green Crypto Markets

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Monday, Jan. 7 — most of the top 20 cryptocurrencies are seeing slight to generous gains in the 24 hours to press time. Bitcoin’s (BTC) price has surpassed the $4,000 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is up nearly 5 percent on the day, trading at around $4,025. Looking at its weekly chart, the current price is above the intra-week high of $3,946 — registered on Jan. 2 — and is also notably higher than $3,841, which is the value of one bitcoin…

Breakout Ahead? Bitcoin Closes on Key Price Hurdle

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Bitcoin’s (BTC) bears would be put on the back foot if prices climb past key resistance lined up at $4,140. The leading cryptocurrency jumped to a two-week high of $4,090 earlier today, as expected, ending a weeklong period of low volume consolidation near $3,800. Notably, the break above $4,000 has added further credence to the short-term bearish-to-bullish trend change signaled by the three-day chart on Dec. 20. The job, however, is only half done for bulls, as prices are yet to take out the resistance at $4,140 – the neckline…

Japan Gauges Interest in Bitcoin ETF as Pundits Talk Down US Approval Rumors

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Japan’s financial regulator is considering allowing Bitcoin (BTC) exchange-traded funds (ETF), an anonymous source told Bloomberg on Jan. 7. Citing a person familiar with the matter, the publication reports that the Financial Services Agency (FSA) is testing interest in an ETF with a view to potentially giving the instrument the green light to trade on domestic markets. The move would place Japan in direct contrast to the United States, where regulators are risk-averse on ETFs but permit physical Bitcoin futures trading, something the FSA has rejected. This, Bloomberg notes, came…

Bitcoin and Ether Market Update: January 07, 2019

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Bitcoin dropped below $4,000 on January 3, 2018, losing approximately three percent of its value, but still managed to avoid further loses and closed the workweek at $3,956 on January 4. Trading volumes for the BTC-USD pair were stable above $3 billion. BTC-USD NASDAQ-powered Estonian digital trading platform DX Exchange will begin offering tokenized securities on its platform starting January 7.  The European Union-regulated cryptocurrency exchange will be the first to enable investors to trade in companies including Apple Inc., Facebook Inc., and Tesla Inc. outside of the U.S. even…

Japan May Approve A Bitcoin ETF, Says Bloomberg Source

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Japanese Regulators May Approve Crypto ETFs The approval of a bonafide Bitcoin exchange-traded fund (ETF) in the U.S. — one of the crypto industry’s most important markets worldwide — has long been a quixotic dream for optimists in the cryptosphere. The U.S. Securities and Exchange Commission (SEC) has long been against approving such a financial vehicle, as the entity believes cryptocurrencies are too nascent (lack of sufficient volume, manipulation concerns, limited surveillance) to support such an offering. Case in point, time and time again, the body has either delayed rulings on…

Nevada Issues Almost 1,000 Marriage Certificates on Ethereum, But Gov’t Acceptance Varies

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Blockchain technology has already found its way into local government services in the United States, but Nevada particularly is proactive, the AP reported on Jan. 7. Citing specifically the use of blockchain to issue digital marriage certificates, the publication found that two counties in the Silver State had already integrated the technology or were running trials. In total, 950 such digital certificates, which use smart contracts on the Ethereum blockchain for security, had been issued to couples residing both within and outside Nevada since April 2018. However, according to local…

Chatter Report: Zhao Says Blocking Customers ‘Not up to Us’, Lee Introduces the Term ‘Bitcoin Extremist’

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News In today’s chatter report, we delve into the Bitcoin Cash community’s responses to Cheapair.com re-enabling BCH payments for their travel services. Also, Changpeng Zhao explains Binance’s decision to block users. Finally, Crypto Twitter fires back at Charlie Lee’s new term ‘Bitcoin Extremist’.  Also read: Cheapair.com Considers Bitpay as Coinbase Terminates Merchant Processing Solutions Bitcoin Cash Re-enabled on Cheapair.com Bitcoin Cash was recently re-enabled as a form of payment on travel booking website Cheapair.com and the r/btc subreddit rejoiced. While BCH payments have been re-enabled, commentator u/today_in_reddit noted that the…

Colorado Considers Bill Giving Cryptocurrencies Limited Exemptions From Securities Laws

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A new bill to exempt cryptocurrencies from some securities laws is currently under consideration by the Colorado Senate, documents released on Jan. 4 confirm. A bipartisan effort sponsored at Senate level by Republican Jack Tate and Democrat Steve Fenberg, the “Colorado Digital Token Act” aims to offer limited extra freedoms for cryptocurrencies and traders. The move comes as local regulators crack down on illegitimate offerings in the industry in a bid to formalize the local landscape. “The bill provides limited exemptions from the securities registration and securities broker-dealer and salesperson…