The bitcoin price just strongly rejected the $8,600 level, breaking down from a tight range for the first time in four days. BTC dropped below $8,400 on major exchanges like BitMEX, leaving the dominant cryptocurrency vulnerable to a deeper pullback. Similar price movement as when bitcoin rejected $10,600 On October 26, the bitcoin price increased to as high as $10,600. It rose 43 percent within a two-day span in an upside movement primarily driven by a big short squeeze. Following the upsurge, the bitcoin price remained volatile within a relatively…
Month: January 2020
Blockvest Saved from Default Judgement in Fraud Case
Blockvest, which is currently embroiled in a dangerous lawsuit with the SEC, obtained a small victory in a similar case filed by an elderly couple. However, the Jan. 21 court filing suggests that this is based on a legal technicality. The case against Blockvest was filed by Tommy and Christine Garrison, who alleged that the project violated securities law and regulations, and engaged in unlawful business conduct and financial elder abuse. The couple had filed the case against Rosegold Investments and Master Investment Group, the companies behind the project. They…
Bakkt Releases More Details About Its Bitcoin Payments App
Adam White, the president of Bakkt, the physically-settled Bitcoin Futures Contracts platform from the stables of Intercontinental Exchange (ICE), has revealed more details concerning the firm’s upcoming cryptocurrency trading app. White has made it clear that Bakkt’s consumer app which will go live later this year, is more than just a crypto trading app, as it will support all types of digital asses, reports The Block on January 22, 2020. Bakkt’s Crypto Trading App to Support all Digital Assets As reported by BTCManager in October 2019, Bakkt, the world’s first…
Bitcoin Faces Move to $8,200 After Dropping Out of Trading Range
View Bitcoin’s range breakdown has opened the doors for a deeper pullback to support levels at $8,200 and $8,000. The short-term indicators have turned bearish, supporting the case for further losses. A move above $8,750 is needed to revive the immediate bullish view. The broader outlook will remain bullish as long as prices are holding above $7,700, according to the weekly chart. Bitcoin has dived out its recent trading range, opening the doors for a pullback to deeper support levels. The top cryptocurrency ran into offers around $8,580 at 08:35…
Pornhub Now Lets Models Get Paid With the Tether Stablecoin
Pornhub has added new performer payment options including the tether (USDT) stablecoin, two months after being apparently dropped by PayPal. The adult video giant announced on Thursday that it now allows its models to be paid in USDT and is recommending the TRONlink wallet. TRON became a partner of the site in June 2018, when Pornhub started accepting its TRX token for content. The stablecoin claims to be fully backed by U.S. dollar cash or equivalents (a peg that seems to have slipped in the past), meaning its value will…
This Virginia Lawmaker Argues Blockchain Can Boost Local Elections, Economy
A Virginia lawmaker is pushing her state’s government to study how blockchain could shape the future of local elections and commerce. On Jan. 8, Delegate Hala Ayala (D-51) offered two bills to the House of Delegates: the first calling for Virginia’s Department of Elections to investigate blockchain as a means to secure elections, and the second requesting that the Virginia Economic Development Partnership (VEDP) research blockchain’s current and coming role in the state economy. Together, they comprise Ayala’s political drive to embrace – or at least consider – integrating distributed…
Liechtenstein Regulators Approve Ethereum-Based Real Estate Fund
A fully-regulated tokenized real estate fund has been approved by officials in Liechtenstein. The AARGOS Global Real Estate Fund was approved as an alternative investment fund (AIF) by Liechtenstein’s Financial Market Authority (FMA), the company announced. The fund provides exposure to a global real estate portfolio through AARGO security tokens – built on the ethereum blockchain – with each token representing one share in the fund. The fund was created by Ahead Wealth Solutions, a financial services provider based in the nation’s capital Vaduz, in collaboration with Bank Frick and…
Ether Price Drop Slashed Valuation of Crypto Valley’s Top 50 Firms by 40%
The combined valuation of the top 50 blockchain-related firms in the Swiss canton of Zug — known as “Crypto Valley” within the industry — fell by nearly half in 2019. Swiss investment firm CV VC debuted a new report at the World Economic Forum in Davos, Switzerland on Jan. 22, giving an appraisal of the blockchain and cryptocurrency industries in the Crypto Valley during the last year. Per the report, the valuation and subsequent price drop in Ether (ETH), the native cryptocurrency of the Ethereum network, led to a 40%…
Bitcoin and Ether Market Update: January 23, 2020
Total crypto market cap erased $1.6 billion of its value since Monday morning and now stands at $236.1 billion. Top ten coins are all in red for the last 24 hours with Bitcoin SV (BSV) and Binance Coin (BNB) loosing 12.4 and 5.4 percent respectively. At the time of writing bitcoin (BTC) is trading at $8,502 on the Bitstamp daily chart, while ether (ETH) stands at $162 and Ripple’s XRP hovers around $0.228. BTC/USD Bitcoin lost 4 percent of its value in just 1 hour of trading on Sunday, January…
Meet the Crypto Angel Investor Running for Congress in Nevada
“I would love to sit down with President Trump and have a discussion around bitcoin and cryptocurrency,” Lisa Song Sutton, an entrepreneur and bitcoin ATM investor in Las Vegas, told CoinDesk. Sutton might have a better shot than most at having such a conversation. She’s running for Congress in the Fourth Congressional District of Nevada, one of nine people currently competing in the June 9 Republican primary to see who will face off against the incumbent, Rep. Steven Horsford, a Democrat, in the general election in November. Were she to…