January 23, 2019

Pennsylvania Rules That Crypto Exchanges, ATMs Are Not Money Transmitters

January 23, 2019 boss

The American state of Pennsylvania has clarified that cryptocurrency exchanges do not fall subject to the Money Transmitter Act (MTA), according to a Department of Banking and Securities (DoBS) document published today, Jan. 23. The document clarifies crypto exchanges thus do not require a license to offer their services to Pennsylvania residents. The MTA — otherwise referred to as the Money Transmission Business Licensing Law — provides that “[n]o person shall engage in the business of transmitting money by means of a transmittal instrument for a fee or other consideration…

Blockchain.com Wallet Confirms ‘Limited Support’ for Bitcoin SV

January 23, 2019 boss

Cryptocurrency statistics and wallet provider Blockchain.com announced it had launched partial support for Bitcoin SV (BSV) in a blog post Jan. 22. The product of a contentious hard fork of Bitcoin Cash (BCH), BSV has existed since November 15, 2018, but suffered various technical difficulties in the weeks following its creation. Some wallet providers and exchanges were initially skeptical of the new coin, with major exchange Kraken noting BSV had “many red flags” and “should be seen as an extremely high risk investment.” Blockchain.com, formerly Blockchain.info, confirmed Tuesday that users…

Bitcoin Approaches $3,600 Again as Top Cryptocurrencies See Gains

January 23, 2019 boss

Wednesday, Jan. 23 — most of the top 20 cryptocurrencies are seeing slight to substantial growth on the day to press time. Bitcoin (BTC) is hovering near $3,600 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is up just over 1 percent on the day, trading at around $3,603. Looking at its weekly chart, the current price is just slightly lower than $3,658, the price at which Bitcoin started the week. On the month, the leading cryptocurrency is down about 10 percent from just over $4,000.…

Bitcoin’s Technicals Show Signs of a Bottom, Possible Short Term Rally: Analysts

January 23, 2019 boss

Key technical parameters signal that top cryptocurrency Bitcoin (BTC) may be finding a bottom, and could even be headed for a short term price hike, according to analysts at Bloomberg Jan. 22. Bitcoin’s GTI Global Strength Technical Indicator is now at 35.6, which Bloomberg notes is “nearing oversold levels,” and the lowest level since December. The parameter indicates the coin has robust support at $3,000-$3,100, and is stabilizing around the $3,500 mark. Bloomberg gages the likelihood of a short term rally based on the GRI VERA Trend Signals indicator —…

Gold Price May Offer Clues About Next Big Bitcoin Move

January 23, 2019 boss

Bitcoin (BTC) traders could get cues from an apparent negative correlation that has developed between bitcoin and gold prices. Gold picked up a strong bid at $1,196 on Nov. 13 and jumped to $1,300 on Jan. 4, possibly due to a sell-off in the weakening U.S. dollar. The greenback was down against most currencies in last two months of 2018 on growing speculation that the Federal Reserve (Fed) could decrease or pause interest rate hikes in 2019. Bitcoin, however, did not benefit from that broad-based sell-off in the dollar. The…

PR: Bitcoin.com Partners With Anarchapulco

January 23, 2019 boss

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Acapulco, Mexico – Anarchapulco is excited to announce that Bitcoin.com will be the title sponsor for Anarchapulco 2019, the world’s premiere Liberty event for voluntaryist thinkers and activists held annually in Acapulco, Mexico February 14-17, 2019. The principle tenant of Anarchapulco is everyone is responsible for themselves and that every relationship is based…

Bitcoin Should Look Away From PoW says BIS Report

January 23, 2019 boss

The Bank for International Settlements has suggested that the Bitcoin Network discontinue using Proof-of-Work (PoW) because it is expensive and once block rewards from mining bitcoin decrease, the network will slow down, this according to a BIS report published January 21, 2019. There has always been speculation about the future of Bitcoin, with most of it revolving around its future price and levels of adoption. Though this latest probe into bitcoin comes in the form of a report from the Bank for International Settlements (BIS); the report in question hypothesizes…

Stablecoins, Forks, and Thin Air–The Recipe To Expanding Market Cap?

January 23, 2019 boss

Stablecoins, Forks, and Thin Air–The Recipe To Expanding Market Cap? January 23, 2019 by Paul de Havilland Stablecoins, forks, and thin air seem to have replaced adoption and use as key ingredients in the market cap recipe for cryptocurrency. Despite a year-long 2018 bear market, crypto’s total capitalization is twelve percent higher than it was at the same time last year. How can that be? Also read: Coinbase Resumes Spending Spree With Blockspring Acquisition Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Stablecoins, Forks, and Thin Air…

Stablecoins, Forks, and Thin Air–The Recipe To Expanding Market Cap?

January 23, 2019 boss

Bitcoin and Ether Market Update: January 23, 2019

January 23, 2019 boss

The total market cap is flat since January 21, 2019, and stands at $120 billion at time of press. There were no significant price changes for bitcoin and ether within the same time period. BTC/USD Bitcoin closed the January 16 trading session at $3,675 with a little more than a $20 price increase and protected further decline below $3,600. The mentioned level has been a stable support for bulls to hold and they used it to advance even more on January 17, moving to $3,720. Bulls were not able to…