Day: August 27, 2019

Crypto Exchange and ATM Operator Admits to Money Laundering of $25 Million

boss

According to a report from the U.S. Attorney’s Office for the Central District of California, the crypto exchange and ATM operator Kunal ‘Kumar’ Kalra – also known as ‘coinman’ and ‘shecklemayne’ – recently pleaded guilty to four counts of federal criminal charges. The 25-year old Kalra has confessed that he has been running quite a dubious business for a while now. Besides running an unregistered Bitcoin exchange, Kalra has been in the metaphorical bed with drug traffickers and other criminals. In his confession, Kalra admitted that he had agreed to…

Crypto Wallet Launches Zero-Risk Trades for 300M Telegram Users

boss

Non-custodial and multi-cryptocurrency wallet provider Button Wallet is launching a free testing service on the Telegram Open Network (TON) in a bid to drive crypto adoption among Telegram’s 300 million users. The client application is offering a giveaway 6.6 testnet gram tokens — the native currency of Telegram’s TON blockchain platform — for users that activate its wallet, Forbes reported on Aug. 26. Onboarding a TON of people Alex Safonov — Button Wallet’s co-founder and CEO — has said the gram token giveaway aims to encourage adoption by giving users…

‘Single Window’ Crypto Exchange ShortHop Launches in 7 US States

boss

Cryptocurrency exchange and brokerage ShortHop is now operating in seven additional U.S. states allowing its users to work with multiple trading platforms’ order books via a single window. As industry news outlet Coindesk reported on Aug. 26, ShortHop is now open in Indiana, Massachusetts, Nevada, New Jersey, Rhode Island, Arizona and Montana. Previously, the Delaware-based service was available in California, Washington and Illinois. One exchange to trade them all Per the report, despite the fact that ShortHop’s parent company — technology provider Velocity Markets — was already registered as a…

Bitcoin Argentina, Others Partner to Develop DLT-Based Digital Identity Solution

boss

In a bid to foster social inclusivity and improve access to quality goods and services for residents of Buenos Aires, Bitcoin Argentina, a local non-governmental organization is collaborating with NEC and IDB Lab, to develop a blockchain-based digital identity solution, according to a press release August 26, 2019. Making Life Easier with DLT IDB Lab, the innovation laboratory of the Inter-American Development Bank Group, has joined forces with Bitcoin Argentina and NEC Argentina S.A, to develop a blockchain solution that will provide a transparent and secure self-sovereign digital identity for…

Bitcoin (BTC) Price Poised For Continued Weakness

boss

Bitcoin price struggled to gain above $10,500 and declined below $10,300 against the US Dollar. The price is currently trading in a bearish zone below the $10,350 and $10,500 resistances. There is a rising channel or a bearish flag forming with support near $10,040 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could decline sharply if there is a downside break below the $10,000 support. Bitcoin price is facing a lot of hurdles near $10,400 and $10,500 against the US Dollar. Therefore, BTC could…

Crypto Market & Bitcoin Extending Losses: BCH, Litecoin, ADA, TRX Analysis

boss

The total crypto market cap is following a bearish path below the $265.0B and $270.0B resistances. Bitcoin price failed to break the $10,500 resistance and is currently under a lot pressure. Litecoin (LTC) price is trading with a bearish bias below the $75.00 support area. BCH price is at a risk of a downside break below the $305 and $300 support levels. Tron (TRX) price is consolidating losses below the key $0.0180 and $0.0185 resistance levels. Cardano (ADA) price is following a bearish path below the $0.0520 and $0.0500 supports.…

Ripple Price (XRP) At Risk Of Downside Break, Eyes $0.2500

boss

Ripple price is struggling to climb higher above the $0.2750 and $0.2800 resistances against the US dollar. Bitcoin price failed to climb above the key $10,500 resistance level and declined recently. A major bullish trend line with support near $0.2670 is at risk on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could accelerate its decline if there is a downside break below $0.2650 and $0.2620. Ripple price is moving lower within a bearish zone against the US Dollar and bitcoin. XRP price remains at…

Ethereum Price (ETH) Targets Fresh Weekly Low, Bitcoin Down 2%

boss

ETH price failed to climb above the $195 resistance and declined recently against the US Dollar. The price is now trading below the $190 level and it seems like there could be more downsides. There is a short term breakout pattern forming with support near $186 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue lower below the $185 support and it may even break $180. Ethereum price is back in a bearish zone below $190 versus the US Dollar, similar to bitcoin.…

General Manager of Houston Rockets Basketball Team Bullish on Bitcoin

boss

Daryl Morey, the general manager of the Houston Rockets basketball team, said that he recently bought more Bitcoin (BTC). On Aug. 23, Morey tweeted “I just bought more” in response a pro-Bitcoin tweet by Morgan Creek Digital Assets co-founder Anthony Pompliano, who said that Bitcoin allows investors to avoid the chaos of global markets. Indeed, some commentators have suggested that Bitcoin’s price can serve as an indicator of geopolitical turmoil and serve as a safe haven asset for individuals in economically or politically turbulent situations.  Pompliano wrote that Morey should…

Crypto Market Sees Minor Losses After Trading Sideways

boss

Monday, Aug. 26 — Top cryptocurrencies Bitcoin (BTC), Ether (ETH) and XRP are in the red. After trading sideways for most of the day, the market is currently seeing minor losses. Market visualization. Source: Coin360 BTC is trading at $10,350 at press time — a 1.72% price decrease on the day. BTC has been mostly trading between $10,000 and $10,800 over the past seven days, with its current price sitting right in the middle of those two price points.  Bitcoin 7-day price chart. Source: Coin360 BTC also recently achieved a…