Day: March 16, 2019

Bitcoin Breaks $4,000 as Top Cryptos See Growth

boss

Saturday, March 16 — nearly all of the top 20 cryptocurrencies are reporting slight to noteworthy gains on the day by press time. Bitcoin (BTC) has broken the $4,000 mark, according to CoinMarketCap data. Market visualization from Coin360 At press time, Bitcoin is up over two percent on the day, trading at around $4,035, according to CoinMarketCap. Looking at its weekly chart, the current price is nearly two percent higher than $3,958, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap CoinMarketCap data also reveals…

Bitcoin (BTC) Price Watch: Weekend Rally And Possible Run To $4,200

boss

Bitcoin price gained traction and broke the $3,850 and $3,900 resistance levels against the US Dollar. The price rallied recently and even climbed above $4,000 before correcting lower. There is a major bullish trend line formed with support at $3,940 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains supported on dips and it could bounce back above $4,000 and $4,050. Bitcoin price rallied recently above the $4,000 level against the US Dollar. BTC corrected lower, but it remains supported and it may continue…

How Cannabis Investors Could be ‘Conspirators’ Per the US Federal Law

boss

In February, Brooker Mellars, the owner of a Colorado-based marijuana dispensary, The Bud Depot, claimed that she lost her business bank account after investing in the cannabis industry. The “Bitcoin Mom” shared in a tweet that they were accredited investors with excellent credit ratings. But their adventurous investment into cannabis stocks didn’t fit well their bank, which was adhering to a US federal law that discourages the use of marijuana. The bank told Mellars that her firm was paying their licensing fees and investing in marijuana using the same business account.…

How Cannabis Investors Could be ‘Conspirators’ Per the US Federal Law

boss

In February, Brooker Mellars, the owner of a Colorado-based marijuana dispensary, The Bud Depot, claimed that she lost her business bank account after investing in the cannabis industry. The “Bitcoin Mom” shared in a tweet that they were accredited investors with excellent credit ratings. But their adventurous investment into cannabis stocks didn’t fit well their bank, which was adhering to a US federal law that discourages the use of marijuana. The bank told Mellars that her firm was paying their licensing fees and investing in marijuana using the same business account.…

Riot Blockchain Plans Launch of Regulated Cryptocurrency Exchange in the US

boss

Publicly traded United States-based company Riot Blockchain has filed with the Securities and Exchanges Commission (SEC) to launch a new regulated cryptocurrency exchange called RiotX in the U.S. by the end of 2019. The regulator published the documents on March 14. The company declares in the filing that its subsidiary, RiotX Holdings Inc, would operate the new exchange. Furthermore, the exchange’s banking services would be handled by an Application Programming Interface (API) created by software company SynapseFi. The API is planned to, among other functions, serve as a security enhancement…

In the Daily: $4K Bitcoin, Grin Fund Grows, Cryptopia Wallets Return

boss

In the first weekend despatch of The Daily, we share some of the exuberance that’s greeted BTC passing the symbolic $4K threshold. We also check up on how the Grin developer fund is going and the progress that Cryptopia exchange is making in returning to full strength in the wake of its hack. Also read: Jeff Garzik Subpoenaed in Kleiman Bitcoin Lawsuit Against Craig Wright Traders Bullish as Bitcoin Passes $4K and BCH Soars Having flirted with the price point for a few days, BTC finally mustered up the courage…

SEC’s Senior Advisor for Digital Assets Valerie Szczepanik: Stablecoins May Be Securities

boss

Senior advisor for digital assets at the United States Securities and Exchanges Commission (SEC) Valerie Szczepanik reportedly noted that stablecoins could experience issues under current securities laws. Blockchain-related news website Decrypt reported her comments on March 16. Szczepanik, also known as the Crypto Czar, was appointed to the new position of associate director of the Division of Corporation Finance and senior advisor for Digital Assets and Innovation for Division Director Bill Hinman in June of 2018. When Szczepanik reportedly made the statement concerning securities at Austin’s SXSW conference on March…

Genuine Rally or Bull Trap?

boss

Just two days after Cboe announced that it was going to delist bitcoin futures, the cryptocurrency’s spot market turned near-term bullish. The BTC/USD exchange rate surged 3.30-percent in the past 24 hours to establish a session high towards 4069. Simultaneously, the rest of the cryptocurrency market also went green, with Bitcoin Cash leading the bull pack with 17.81% gains, followed by Litecoin, EOS, and Ethereum that rose 8.44-, 5.47-, and 6.25-percent, respectively. On the whole, the cryptocurrency market capitalization added up to $6 billion worth of investments in a day.…

Riot Blockchain to Launch Regulated Crypto Exchange in the US

boss

Riot Blockchain is planning to launch a regulated crypto exchange in the U.S. The publicly traded U.S. company that has faced regulatory issues for a sudden pivot to blockchain, revealed in a filing with the U.S. Securities and Exchange Commission (SEC) Friday that the new entity will be called called RiotX and will develop three main services: banking, trading and a digital wallet. The application follows the firm’s change in business focus after almost two decades in biotech, when it rebranded to Riot Blockchain from Bioptix and shifted focus to crypto mining…

Bitcoin Up 3% as Crypto Adds $10 Billion in 1 Week: Can the Rally Continue?

boss

Overnight, the bitcoin price surged 3 percent against the U.S. dollar above the $4,000 mark as major crypto assets in the likes of ethereum, litecoin, and bitcoin cash recorded gains in the range of 6 to 18 percent. 7-Day Price Chart of Bitcoin (Source: Coinmarketcap.com) Fueled by the momentum of bitcoin, the valuation of the crypto market spiked by $10 billion in the past week, which has been on the rise since March 12 due to the strong performance of tokens. Join CCN for $9.99 per month and get an…