Month: July 2019

Bitcoin Price Goes Bearish as Media Squishes Enthusiasm

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Bitcoin Price Goes Bearish as Media Squishes Enthusiasm July 29, 2019 by Ramiro Burgos The bitcoin price has gone from sideways to bearish, due to fundamentals and external factors like exaggerated media events which have dispersed investors’ wills. For a better understanding of how, and what could happen next, read our latest weekly technical analysis report. Also read: Bitcoin Price Goes Sideways Again… What Will the Next Stage Be? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Bitcoin Price Technical Analysis Long-Term Analysis The sideways movement turned…

Australian Draft Bill Excludes Digital Currency From New Cash Payment Limit

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Australia’s government has delivered supportive statements on cryptocurrency as it looks to exclude the sector from new restrictions on cash payments. In an explanatory memorandum issued late last week, the country’s Treasury said it wished to ban cash payments for goods and services which exceeded 10,000 AUD ($6,900). However, a number of exclusions would apply, including transactions involving what it describes as digital currencies. The reason, lawmakers state, is in order to prevent the disappearance of such currencies from the local economy, which in turn would lead to a block…

Iranian Gov’t Authorizes Cryptocurrency Mining As Industrial Activity

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The Iranian government has authorized cryptocurrency mining as an industrial activity. A report from IIDO-owned Mehr News Agency on July 29 revealed that the decision was taken this weekend, during a Sunday cabinet session chaired by Iran’s President Hassan Rouhani. First step towards legalizing crypto? Now that mining has been officially authorized, entities engaged in the activity will be required to seek a license from Iran’s Ministry of Industry, Mine and Trade, the report notes. Mehr News claims that many experts are interpreting the move as being the first step…

Meet Vitalik Buterin’s Mom. Her Mission Is Inclusion, Not Ethereum

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Sometimes, spreading the crypto gospel becomes a family business. Natalia Ameline, mother of ethereum creator Vitalik Buterin and co-founder of the educational nonprofit CryptoChicks, is trying to establish blockchain literacy programs around the world. She told CoinDesk that CryptoChicks has run programs so far from Pakistan to Toronto with 608 students and young developers. CryptoChicks works with Blockgeeks, an educational startup spearheaded in part by Ameline’s ex-husband, Dmitry Buterin, on blockchain-agnostic curricula that cover everything from bitcoin to smart contracts to basic business principles. And yet, CryptoChicks isn’t turning to…

Open Letter From Ripple Asks US Gov’t For Fair Crypto Regulation

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Blockchain payment network Ripple signed an open letter to United States regulators on July 28 ahead of fresh hearings on cryptocurrency regulation this week.  In the wake of mixed feelings from Congress on both Facebook’s Libra digital currency and crypto more broadly, Ripple CEO Brad Garlinghouse appealed to Washington to be lenient in its future approach. The letter, which follows other recent concerns from Garlinghouse, begins: “Many in the blockchain and digital currency industry are responsible actors. We are responsible to U.S. and international law. We are responsible to serving…

Venezuela Converts Airport Taxes to Bitcoin to Bypass US Sanctions

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The US has been pushing hard for an end of Nicolas Maduro’s presidency in Venezuela. Sanctions has been put in place by the US against the state’s company Petroleos de Venezuela (PDVSA), which caused a lot of damage to the country’s economy. Because of the nation’s reliance on the revenue generated through PDVSA, Maduro has tried to find his way around the sanctions by using the Venezuelan cryptocurrency Petro. The US is aware of Maduro’s efforts; however, they have not been able to counter these efforts with immediate effect. Now…

ILCoin is Redefining Blockchain Technology with a Different, More Calculated Approach

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The cryptocurrency industry has come a long way since the induction of Bitcoin, over a decade ago. The use of blockchain technology, which has gained widespread traction in almost all industry segments has evolved with plenty of versions with a range of feature additions. However, each of these DLT protocols have some shortcomings, and the sustained effort of the community has been to plug the gaps to come up with a so-called perfect blockchain. ILCoin is one such platform that has been making some significant changes to the technology. Unlike…

Bitcoin Price (BTC) Trading Near Inflection Point, Can Bulls Make It?

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Bitcoin price declined heavily below the $9,800 and $9,500 support levels against the US Dollar. The price traded to a new weekly low at $9,118 and it is currently correcting higher. There is a crucial contracting triangle forming with resistance near $9,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either climb above $9,700 and $9,800 or decline sharply towards $9,000. Bitcoin price is holding the $9,300 support level against the US Dollar. However, BTC price remains at a risk of a fresh…

Differences Between Tokens, Coins and Virtual Currencies, Explained

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1. In short: Yes, there is. There are indeed differences between all of these terms, both major and minor. For instance, when JPMorgan Chase released its JPM Coin, it presented it as a “digital coin,” while Facebook’s Libra was introduced as a solid “cryptocurrency” — and, ironically, that could be part of the reason why regulators around the world got so worked up about the latter.  Nevertheless, while JPM Coin and Libra are different by design, in both cases, decentralization pundits were quick to discard them as not “cryptocurrencies,” but…

Crypto Market And Bitcoin at Major Crossroads: BCH, BNB, EOS, TRX Analysis

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The total crypto market cap is struggling to hold the key $250.0B support area. Bitcoin price spiked below the $9,300 level and recently corrected above $9,500. EOS price is facing a lot of hurdles near the $4.400 and $4.500 levels. Binance Coin (BNB) is trading with a bearish angle below the key $28.50 support level. BCH price is slowly moving higher towards the main $320 resistance level. Tron (TRX) price is currently holding the key $0.0220 support level. Bitcoin and the crypto market cap are facing many important hurdles on…