A famous Thai actor (currently still unnamed), who was arrested for potentially kidnapping a businessman for a Bitcoin ransom, will be brought in for questioning by the authorities. After the 33-year-old businessman, Mark Cheng, was successfully able to escape from his abductors he immediately reported the event to local law enforcement agencies. According to the filed report, Cheng was asked to pay the approximately $740K ransom in Bitcoin to the kidnappers, among which was also a Singaporean national. Kim, the pseudonym used in the case for the Singaporean, has been…
Day: January 19, 2020
US SEC Cautions Investors from Investing in Initial Exchange Offerings
On January 14th, Office of Investor Education and Advocacy of the U.S. Securities and Exchange Commission (SEC) posted a message on its official website of an alert to caution investors from investing in initial exchange offerings via online trading platforms. IEOs are initial offerings of digital assets to raise capital, somewhat similar to initial coin offering. IEOs are offered through online trading platforms directly on the behalf of companies, as to provide investors with instant trading opportunities for digital assets. According to the SEC, these online trading platforms are not…
Analysts Expect Ripple’s XRP to Surge to $0.30: Here’s Why
The entire crypto market has been on a tear over the past week, gaining dozens of percent. But altcoins like XRP, especially, have done rather well. In fact, the third-largest cryptocurrency over the past week gained over 15%, per data from Coin360. Although this price surge has brought XRP to only $0.24, which means that it is still down by more than 93% from its all-time high above $3.00, analysts say this latest uptrend is a precursor to a larger move to the upside. Related Reading: Ethereum’s Price is “Convincingly Bearish”:…
Analysts Expect Ripple’s XRP to Surge to $0.30: Here’s Why
The entire crypto market has been on a tear over the past week, gaining dozens of percent. But altcoins like XRP, especially, have done rather well. In fact, the third-largest cryptocurrency over the past week gained over 15%, per data from Coin360. Although this price surge has brought XRP to only $0.24, which means that it is still down by more than 93% from its all-time high above $3.00, analysts say this latest uptrend is a precursor to a larger move to the upside. Related Reading: Ethereum’s Price is “Convincingly Bearish”:…
How to Create Custom SLP Tokens With the Bitcoin.com Mint
On January 17, Bitcoin.com CEO Stefan Rust introduced the company’s new SLP minting application. The Bitcoin.com Mint is a noncustodial web wallet that allows users to store bitcoin cash (BCH) and Simple Ledger Protocol (SLP) tokens. In addition to the portfolio capabilities, the Mint gives anyone the ability to create their own customized SLP tokens in less than a minute after they add a tiny fraction of BCH. Also read: Crypto Employment Abounds With More Than 8,000 Jobs in 2020 Bitcoin.com’s SLP Minting Service During the last day of the…
Bitcoin Bull Market Gains Steam, Breaks $9K for the First Time in 2020
On Jan. 18, Bitcoin (BTC) price finally made a strong push through the resistance level at $9,000 and rallied to $9,194 before pulling back slightly. BTC price has reached its highest level since early November, hitting $9K for the first time in 2020. BTC USD daily chart. Source: TradingView The upside move brought the price above the main trendline of the ascending triangle in the $9.1 to $9.2K zone (highlighted pink) to set a daily higher high and open the door for further gains to $9,600. Cryptocurrency market weekly overview.…
Bitcoin On The Brink Of Massive Rally And Only 1 Thing Is Holding It Back
Bitcoin is climbing steadily above $8,800 and $9,000 against the US Dollar. BTC price could start a massive rally towards $10K and $11K if there is a daily close above $9,300. Bitcoin price is gaining momentum above the $9,000 resistance area against the US Dollar. A new 2020 high is formed near $9,185 and the price could continue to rise. There was a break above a crucial declining channel with resistance near $8,475 on the daily chart of the BTC/USD pair (data feed from Kraken). The pair is now facing…
Crypto Fights for Freedom in India’s Supreme Court, Critics Cite Risk
Following the session that took place last August, a three-judge panel from India’s Supreme Court reconvened once again this week to discuss the much-hyped Crypto v. RBI case. During the last hearing, the Supreme Court had asked the Reserve Bank of India (RBI) to clarify its position as to why exactly it enforced a nationwide banking ban on the country’s crypto market, as well as to discuss the seemingly unconstitutional nature of its aforementioned move. Ever since the RBI decided to go ahead and issue its controversial prohibition order, a…
A Strong Uptrend Is Forming For Ethereum And It Could Rally To $200
Ethereum gained bullish momentum above the $170 resistance against the US Dollar, and bitcoin jumped above $9K. ETH price is likely to continue higher towards the $195-$200 resistance area. ETH price is showing a lot of positive signs above the $165 and $170 levels against the US Dollar. The price traded to a new 2020 high close to $180 and it is currently consolidating gains. There is a key rising channel forming with support near $172 on the 4-hours chart of ETH/USD (data feed via Kraken). Bitcoin is up around…
Analysts Lays This Case for 60% Drop In Bitcoin Price By 2020’s Halving
After Bitcoin (BTC) rocketed from $3,000 to $14,000 in the span of six months, analysts have been sure that the cryptocurrency would never revisit the $3,000s again. Indeed, the logarithmic price curve that has contained the asset’s price action for the past decade predicts BTC will never again hit $3,000. But, there have been a few analyses projecting that it may only be a matter of time before such low levels are visited once again. And one of these recently gained some steam on Crypto Twitter. Could Bitcoin Revisit $3,000s…