Month: March 2020

Cryptocurrency News From Japan: March 15-21 in Review

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This week’s headlines from Japan included exchange self-regulatory organization, JVCEA, suggesting guideline changes, financial institutions collaborating with a blockchain startup for asset management, GMO Coin exchange listing BAT, and news that Toyota has built a blockchain-based identity platform. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. JVCEA adds regulatory suggestions and revision regarding exchange JVCEA, a Japanese self-regulatory organization (SRO) for exchanges, proposed alterations to an upcoming initiative called the Revised Funds Settlement Law, set to come into play in the first half…

Can’t Lock Down Bitcoin: Trump Ponders Halting Stock Trading, Grounding US Passenger Flights

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In the wake of the coronavirus outbreak and a looming recession, U.S. President Donald Trump and his administration are contemplating halting stock markets next week. The White House is currently considering grounding all passenger planes and ordering a nationwide shelter. However, bureaucrats from the White House believe that the grounding of U.S. passenger planes and the execution of a federal lockdown order will wreak havoc on Wall Street. In order to curb panic, bipartisan U.S. representatives are considering plans to temporarily stop stock trading. Also read: US Real Estate in…

1.2 Million Italians Can Now Buy Bitcoin From Their Bank

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Buying bitcoin just got easier for Italians. The country’s mobile bank Hype has announced a partnership with fintech startup Conio, enabling customers to buy, sell, and securely store BTC from within their banking app. With over a million Italians choosing to bank with Hype, and 60,000 new customers being onboarded each week, the challenger bank’s decision to offer bitcoin is significant. Also read: Onchain Data Suggests Bitcoin Sell-Off Fueled by New Investors Believe the Hype Launched in 2015 by Italian bank Banca Sella, Hype reflects the growing trend towards digital-first…

Bitcoin Printed This Exact Pattern Prior to 2019’s Explosion to $14,000. It’s Back

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On April 1st, 2019, after a brutal Bitcoin bear market that brought the cryptocurrency down by 80% and more, something changed: BTC saw “fireworks” as the price exploded 25% in a single day, marking one of the largest moves for the asset in its short but storied history. At first, many laughed it off as pure manipulation, suggesting it was a false rally that would end in Bitcoin falling back to the bear market lows. But, in a now-famous tweet, cryptocurrency trader B.Biddles (handle @Thalamu_ on Twitter) remarked that the…

This One Trend Could Be a Precursor to An Even Bigger Bitcoin Rally

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Despite the retracement since Friday’s $6,900 top, Bitcoin remains decisively higher than it was three days ago, when it was wallowing in the low-$5,000s as investors feared a deeper crash.  According to a prominent cryptocurrency trader, a trend has appeared on BitMEX’s futures market that suggests bulls remain in control. BitMEX’s Funding Rate Signals Good Things For Bitcoin In a note published to his Telegram channel, Joe McCann, a Wall Street trader-turned-AI and Cloud specialist at Microsoft (and crypto analyst), remarked that BitMEX’s funding rate (the rate longs pay to…

Analyst Who Predicted Bitcoin’s January Rally Thinks 700% Surge Is Possible: Here’s Why

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Bitcoin has been fairly unpredictable over the past few months. In December, when the cryptocurrency fell under $7,000, a majority of analysts were expecting a retracement to the $5,000s, citing the existence of the ever-important 200-week moving average. And at the top near $10,000 established in mid-February, half of Crypto Twitter was convinced BTC was set to retake $14,000, then surge to fresh highs. True to the nature of the age-old Warren Buffet quote, “be fearful when others are greedy and greedy when others are fearful,” BTC did the exact…

Is The Crypto Market Bottom In? This News Headline Suggests It’s Near

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No one was spared in last week’s crypto crash, during which Bitcoin fell 50% within a 24-hour time period. According to an exclusive report published by industry outlet The Block on Friday, Adaptive Capital, a crypto fund headed by Murad Mahmudov and included partners such as Willy Woo and David Puell, is shutting down after last week’s intense volatility. The outlet reviewed a note from the firm in which Adaptive revealed it would be “clos[ing] operations and return[ing] the remaining funds to investors,” revealing that the “infrastructural insufficiencies” on some…

Analyst Who Predicted Bitcoin’s Crash to $3,000 Says This Comes Next

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Over the past few days, Bitcoin saw some bullish price action for the first time in weeks. This rally took the asset as high as $6,900, up 80% from the $3,800 bottom seen last week and up 28% from the $5,400 baseline.  Unfortunately, it ended abruptly just hours ago, with the cryptocurrency seeing a strong rejection at $6,900 to fall as low as $5,700. According to a prominent analyst, this rejection is a likely precursor to further pain for this market in the coming week. Related Reading: Scarily Accurate Fractal:…

CovidTrial.io – Online Open Data Clinical Trial for COVID-19 Prevention by MD and Blockchain Experts

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Sharing is caring! Some fellow blockchain nerds seem to have helped kickstart what could be a major breakthrough solution to the current coronavirus COVID-19 crisis that has engulfed the globe.  The two noted blockchain industry players fired up a started a media storm followed by a new repository online for medical professionals and scientists to crowdsource intelligence and data to help solve the pandemic. ~ advertisement ~ Last week, a well-known blockchain investor from Blocktown Capital, James Todaro tweeted to a paper he and fellow blockchain aficionado and founder of IKU…

Bitcoin Price Crash Fails to Cripple Retail Demand

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Bitcoin’s eccentric performance last week had it shed roughly $80 billion from its global market valuation. But investors are not giving up on the world’s first decentralized digital asset. The bitcoin-to-dollar exchange rate rebounded by an astonishing 72 percent after bottoming out temporarily at $3,852. The pair traded near the $7,000-top early on Friday as it brought nearly $43 billion back into the system. While it corrected by circa $300 ahead of the New York morning bell, traders were already convinced about an extended price rally. Scott Melker, a crypto…