Day: September 2, 2019

5 Arrested for Allegedly Torturing Bitcoin Businessman to Death

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Five men in the Indian state of Kerala have been arrested for allegedly torturing the head of a failed $62.5 million Bitcoin investment scheme to death. Yahoo! News reported the news on Sept. 2. Killers believe victim defrauded investors According to the report, the Dehradun police in Uttarakhand were alerted to the incident after a local hospital found the body of the deceased in a car abandoned in a parking lot.  Identity documents revealed that the victim was Abdul Shakoor, 35, from Malappuram in Kerala. Hospital authorities told police that…

‘Buy Bitcoin’ Says Expert as Argentina Imposes $10K Limit for Citizens

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Argentina has reimposed capital controls, limiting citizens’ and businesses’ freedom to buy foreign currency. As Bloomberg reported on Sep. 1, the increasingly troubled South American nation took the step as the Argentine peso (ARS) suffers overwhelming losses against major fiat currencies such as the U.S. dollar. Argentina puts $10K limit on dollar access Argentina has shown an affinity for Bitcoin (BTC) in recent times, with trade volumes accelerating as uncertainty around the economy grew. Last month, a premium appeared on the country’s cryptocurrency exchanges. Now, access to hard currency is…

Bitcoin, Ether, and XRP Weekly Market Update September 02, 2019

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The total crypto market cap lost $17 billion of its value during the last seven days and now stands at $252.1 billion. The top 10 currencies are all in red for the same time frame with Binance Coin (BNB) and Cardano (ADA) being the worst performers with 17.9 and 11.3 percent of loses respectively. By the time of writing bitcoin (BTC) is trading at $9,782 while ether (ETH) stands at $171. Ripple’s XRP dropped to $0.255. BTC/USD Bitcoin remained relatively flat on Sunday, August 25 and registered no price changes. It ended the previous seven-day period at…

Anticipation Builds as Bitcoin Price Holds Steady for Too Long

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Anticipation Builds as Bitcoin Price Holds Steady for Too Long September 2, 2019 by Ramiro Burgos Is the bitcoin price frustratingly calm for you too? Hold steady. The $10,000 USD level exposes our current lateral market to external factors for another month, meaning any News could turn on an major 4,000 basis point movement. Read our weekly technical analysis to find out more. Also read: Bitcoin Price May Stay at $10K for a While, but Watch for a Jump Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts…

Roger Ver from Bitcoin.com and Pangea Blockchain Fund Invest 4 million Euro into Crypto Payment Startup Eligma

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Roger Ver from Bitcoin.com and Swiss investment firm Pangea Blockchain Fund have invested some 4 million euro into a Slovenian startup called Eligma this week. The startup has received plenty of international attention on the blockchain scene and started its innovation path with a public crowd sale in 2018.  advertisement Roger Ver, Executive Chairman of Bitcoin.com and one of the first investors into the world’s most popular cryptocurrency – Bitcoin, stated: “Bitcoin.com is investing in Eligma … as we drive more and more adoption and make it easier and easier…

US Firm Raises $12M for Bank-Focused Blockchain Payments Solution

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California-based blockchain development firm Baton Systems has closed a $12 million Series A funding round led by Trinity Ventures. According to a Ledger Insights report published Sept. 2, the new funding will be used to scale Baton Systems’ blockchain-powered bank-to-bank payment solution.  Interoperability with legacy systems Baton Systems has reported that it already processes over $13 billion in payments implementing its solution for market participants and clearinghouse counterparties. The firm’s blockchain platform is designed to be interoperable with legacy systems and doesn’t require clients to overhaul their existing business systems.…

Jibrel to Launch Regulated Blockchain-Powered Private Financing Platform

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Swiss-based blockchain fintech company Jibrel Network, a blockchain-based fintech company has just launched Jibrel.com — a new regulated blockchain-powered private financing platform. advertisement It was recently accepted into the Abu Dhabi Global Market (ADGM) RegLab cohort in the UAE and the words of Yazan Barghuthi, Jibrel’s co-founder and CEO: “We are excited to be launching a vertically integrated private lending platform that will take startups from inception to maturity. The platform will increase investor transparency, simplify regulatory oversight and improve liquidity — by providing a streamlined platform to buy, sell and…

Venezuela Smashes Weekly Bitcoin Trading Record With 114B Bolivars

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Bitcoin (BTC) trading has hit a giant new record yet again in Venezuela as the country’s crippling hyperinflation continues to play out. Localbitcoins volume up 48% Data published on Sep. 2 from monitoring resource Coin Dance, which tracks trade volumes on P2P crypto exchange platforms, showed Venezuelans traded more last week than ever before. In the seven days ending Aug. 31, 114 billion sovereign bolivars (VES) changed hands on Localbitcoins alone.  That figure dwarfs the previous record set the week before at 77 billion. In Bitcoin terms, however, the uptick…

Bitcoin Price Could Crash to $8,000 if Critical Juncture Breaks – CCN Markets

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Bitcoin broke over the weekend,indecisive in making any moves after trading flatly. | Source: Shutterstock By CCN Markets: According to technical analysts and cryptocurrency traders, the bitcoin price is at a critical juncture following its indecisive weekly close and is waiting for confirmation for either a full short term trend breakdown or reversal for BTC. The bitcoin price has slightly recovered in the past 24 hours as the cryptocurrency market remains stagnant (source: coinmarketcap.com) Since July, the bitcoin price has tested the so-called “range bottom” from $9,400 to $9,700 a…

Bitcoin Price (BTC) Watch: Here Is Why Upsides Could Be Capped

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Bitcoin price is currently correcting higher and is trading above $9,650 against the US Dollar. The price is struggling to break the $9,800 and $9,880 resistance levels. There is a major bearish trend line forming with resistance near $9,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could only turn bullish after it captures the $9,900 and $10,000 resistance levels. Bitcoin price is facing a lot of barriers near $9,900 and $10,000 against the US Dollar. BTC could trim recent gains if it fails…