Day: June 11, 2019

No Man’s Land: Bitcoin Price Locked in $600 Range for 7th Day

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View Bitcoin has been trapped largely in the $7,500–$8,100 trading range since June 5. A high volume falling channel breakout on the 4-hour chart, if confirmed, would revive the bullish outlook and open the doors to $8,500. The 4-hour chart moving averages and trading volumes indicate the price is more likely to fall back to $7,500 in the next 24 hours. A break below $7,500 would validate the bearish doji reversal confirmed by Sunday’s close below $8,000 and allow a deeper drop below $7,000. Bitcoin’s (BTC) struggle for direction continues…

No Man’s Land: Bitcoin Price Locked in $600 Range for Seventh Day

boss

View Bitcoin has been trapped largely in the $7,500–$8,100 trading range since June 5. A high volume falling channel breakout on the 4-hour chart, if confirmed, would revive the bullish outlook and open the doors to $8,500. The 4-hour chart moving averages and trading volumes indicate the price is more likely to fall back to $7,500 in the next 24 hours. A break below $7,500 would validate the bearish doji reversal confirmed by Sunday’s close below $8,000 and allow a deeper drop below $7,000. Bitcoin’s (BTC) struggle for direction continues…

G20 passes guidelines for Financial Action Task Force on Money Laundering for cryptocurrencies

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A meeting of G20 Finance Ministers and Central Bank Governors has passed a resolution to apply recently amended FATF (Financial Action Task Force on Money Laundering) guidelines to cryptocurrencies. “We reaffirm our commitment to applying the recently amended FATF standards to virtual assets and related providers for AML and CFT,” says the resolution, passed in the Japanese city of Fukuoka. The Ministers and Governors said they look forward to the adoption of the FATF Interpretive Note and Guidance by the Task Force at its plenary meeting later this month. “We…

Philippines’ Central Bank Will Continue to Closely Monitor Crypto, Citing Terror Financing

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The governor of the Philippines’ central bank, Benjamin Diokno, has warned against the potential use of cryptocurrencies for terrorism financing and underscored that the Bangko Sentral ng Pilipinas (BSP) will continue to closely monitor their use in the country. The news was reported by local English language newspaper The Philippine Star on June 10. In addition to Diokno’s remarks, BSP Deputy Governor Diwa Guinigundo reportedly provided further insights into the institution’s stance toward cryptocurrencies during the launch of an unnamed book about bitcoin (BTC). Diokno ostensibly criticized bitcoin’s potential to…

Messaging Giant Telegram’s ICO Token Is at Last Going on Public Sale

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Messaging app giant Telegram’s gram token, previously sold to accredited investors in the biggest ICO of all time back in early 2018, is at last to be offered to the public. As reported by TechCrunch, a limited sale of the gram token will take place on the Liquid exchange from July 10. The offering reportedly comes before a full public sale planned for October. The cost of the token and the targeted total for the raise are not being disclosed as yet. The sale is being made via Gram Asia, which TechCrunch says…

Messaging Giant Telegram’s ICO Token Is at Last Going on Public Sale

boss

Messaging app giant Telegram’s gram token, previously sold to accredited investors in the biggest ICO of all time back in early 2018, is at last to be offered to the public. As reported by TechCrunch, a limited sale of the gram token will take place on the Liquid exchange from July 10. The offering reportedly comes before a full public sale planned for October. The cost of the token and the targeted total for the raise are not being disclosed as yet. The sale is being made via Gram Asia, which TechCrunch says…

Major Insurance Broker Aon Secures Crime Coverage for Crypto Custody Solutions Firm

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Aon — a leading insurance broker that purports to occupy 50% of the crypto-insurance market — will reportedly provide crypto custody solutions provider Metaco with crime insurance coverage via a panel of London insurers. The news was revealed in a Metaco press release published by fintech news outlet Finextra on June 11. Lausanne-based Metaco is part-owned by Swiss telecoms giant Swisscom, the country’s national postal service, Swisspost and banking technology vendor Avaloq. The insurers — none of whose names have been disclosed — will reportedly provide the crime insurance coverage…

Liquid Cryptocurrency Exchange to Host Public Phase of Telegram ICO

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Cryptocurrency exchange Liquid will be the first to host encrypted messaging app Telegram’s Gram tokens when they go on public sale, a press release confirmed on June 11. Telegram, which has not provided an official statement on the move, became the focus of international attention last year when it held a private initial coin offering (ICO) for Gram, which raised $1.7 billion for its Telegram Open Network (TON) project. At the time, it was thought no public phase would follow, but the largest Gram holder organization, Gram Asia, will now…

Earn More Bitcoin (BTC) From Altcoins, Not Margin Trading

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Crypto enthusiasts liken the altcoin season to crypto Christmas. It is characterized by a pervasive positive sentiment over altcoins whose values are often in an exponential rise. Often, these alternative digital currencies gain immense benefits during these seasons. Diehard crypto traders say that more Bitcoin can be earned from altcoins during this uptrend. In fact, it is the season where most traders will make the highest profits during the crypto year, whether trading altcoins for more Bitcoin or for more fiat. To ascertain the validity of earning more BTC from…

Fidelity Investments Companies Funding Crypto-Security Firm Fireblocks

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Photo: Fireblocks / LinkedIn A platform for securing digital assets in transit, Fireblocks, announced $16 million in Series A funding from investment bulls like Cyberstarts, Tenaya Capital, and Eight Roads, all the proprietary investment arm of Fidelity International. The additional capital will be used by the company to build out its infrastructure, and court additional firms. The truth is, Fireblocks has been serving prominent companies for the secure transmission of their digital assets over the hot and cold wallets, across the exchanges and counter brokerage. Galaxy Digital and Genesis Global…