The Monetary Authority of Singapore (MAS) is updating its regulatory framework for digital payments. Announced Tuesday, Singapore’s Payment Services Act 2019 (PSA) brings so-called Digital Payment Token (DPT) services – effectively covering all crypto businesses and exchanges based in Singapore – under current anti-money laundering (AML) and counter-terrorist-financing (CTF) rules. As such, crypto businesses in Singapore are required to first register and then apply for a license to operate in the jurisdiction. Similar to the Fifth European Anti-Money Laundering Directive (AMLD5), which went into effect Jan. 10, Singapore’s new rules…
Day: January 28, 2020
Ripple (XRP) Bulls In Driver’s Seat For A Run To $0.30: Here’s Why
Ripple is slowly rising above $0.2300 against the US Dollar and following both Ethereum and bitcoin. XRP price is likely to continue higher towards $0.2500 or $0.2850 in the coming days. Ripple price is trading with a bullish bias above the $0.2300 resistance against the US dollar. The price tested the $0.2350 resistance and it remains supported on dips. There is a major bullish trend line forming with support near $0.2305 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to rise further…
This Scenario Will Trigger A Larger Ethereum Rally: Key Levels To Watch
Ethereum gained momentum and broke the key $170 resistance and bitcoin rallied above $9,000. ETH price seems to be forming a larger trend and it could even clear $180. There were decent bullish moves in Ethereum above the $165 and $170 levels against the US Dollar. The price is up around 4% and it is likely to climb towards the $180 resistance. There is a key bullish trend line forming with support near $170 on the hourly chart of ETH/USD (data feed via Kraken). There could be a larger rally…
Bitcoin Price Breaks Through Key Resistance as Traders Target $9.2K
Bitcoin daily price chart. Source: Coin360 Bitcoin (BTC) bulls appear to have found a second wind which allowed them to push the price above $9,000 to daily high at $9,150. As discussed in an earlier analysis, bulls had been fighting to hold the price above $8,800 throughout the day and multiple attempts at knocking out the $9K mark were held back by $8,963 and $8,985. BTC USD 6-hour chart. Source: TradingView Traders will now look for Bitcoin to sustain above $9,118.85 in order to flip the $9,100 to $9,200 zone…
Volatility, Illiquidity Threaten BSV’s Newfound Position
Volatility in bitcoin SV (BSV) is raising concerns about the resilience and stability of the world’s fifth-largest cryptocurrency by market capitalization, as ranked by CoinMarketCap. On Jan. 14, at around 00:35 UTC, the price of BSV shot up 6 percent over a 10-minute period and 22 hours later, it was up a total of 139 percent from $196 to $458. A sell-off quickly followed BSV’s rally at around 00:30 UTC on Jan. 15, with the price dropping from $458 to $278. According to some analysts, the cryptocurrency is plagued by…
Bitcoin Could Soon Undergo a Massive Upside Movement Because of These Factors
Bitcoin’s firm 2020 uptrend has extended today, as the cryptocurrency has been able to post a notable climb from its recent lows of $8,200 that were set earlier this week when the cryptocurrency’s sellers made an attempt to push the cryptocurrency significantly lower. In the near-term, analysts are noting that the cryptocurrency’s ongoing attempt to break back above $9,000 signals that bulls have some underlying strength, and analysts are now widely targeting a significant upside movement. As for how high the ongoing rally could extend, one prominent analyst is noting…
ICO launches latest phase of privacy innovation grants programme
Applications are now open for the third round of funding from the Information Commissioner’s Office’s (ICO) grants programme. The scheme, which began in 2017, supports privacy and data protection initiatives that have practical applications and will have a public benefit. Previously funded projects culminated in outputs including a privacy tool that assists the public in upholding their data rights in the insurance and banking sectors as well as a toolkit for young people, parents, carers and educators that works to help keep children safe online. Lynne Currie, Head of Innovation…