April 5, 2020

Bitcoin Bottomed at $3,800, Price Poised to Rally 25%

April 5, 2020 boss

Over the past few weeks, Bitcoin traders have been divided over whether or not the crypto market has bottomed. Interestingly, many have said no, simply citing the fact that there’s no telling how long the coronavirus crisis will last and how that uncertainty and economic damage will affect traditional markets, especially equities. Though, a popular crypto trader recently shared a very familiar fractal seemingly confirming that the bottom is in. Related Reading: Crypto Tidbits: Bitcoin At $7,000, FATF Regulation, Coinbase Backs Ethereum DeFi Fractal: Bitcoin Bottom May Be In Trader…

Darknet Market to Permanently Ban Vendors Preying on COVID-19 Fears

April 5, 2020 boss

Dark web marketplace, Monopoly Market, has taken a stand against scammers claiming to sell cures and treatments for COVID-19 on its platform. On other darknet platforms, listings are rife with coronavirus keywords — with vendors selling everything from narcotic cocktails marketed as ‘coronavirus vaccines,’ to coronavirus-infected blood and saliva. Monopoly Market to ban vendors using coronavirus as ‘marketing tool’ On April 2, dark web journalist, Eileen Ormsby, tweeted a screenshot posted by Monopoly Market’s operator that threatened permanent bans against vendors “caught flogging goods as a ‘cure’ to Coronavirus.” “We…

In Legal Battle With US SEC, Telegram Sees New Support From Trade Association

April 5, 2020 boss

The Blockchain Association, a major United States-based trade association in the crypto sphere, has filed a new brief in support of Telegram amid the firm’s continuing legal battle with the Securities and Exchange Commision (SEC). The amicus brief and the SEC’s lack of clarity The April 3 brief takes the SEC to task for backtracking on its own guidance for legally distributing digital assets. Referring to the inconsistency that issuers of digital assets must cope with when dealing with the SEC, the brief says that “No settled precedent or agency…

This Transpiring Could Send Bitcoin Tumbling 20% Lower: Analyst

April 5, 2020 boss

Over the past week, Bitcoin has done surprisingly well, rallying from the $6,100 price seen last Sunday to a weekly high of $7,200, outperforming a majority of assets. Unfortunately, analysts are warning of a breakdown to pre-recovery levels. Related Reading: The U.S. Dollar is Dying, Buy Bitcoin: “Rich Dad Poor Dad” Author Could Bitcoin Drop 20%? There’s no doubt Bitcoin has done well over the past few weeks, rallying from the lows at $3,700 to the recent high of $7,200 as aforementioned. According to Nik Patel — an analyst and…

Hodler’s Digest, March 30–April 5

April 5, 2020 boss

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin flips bullish — but here’s why BTC price may still hit $3,900 BTC has gained more than 10% in the past week, fueling hope that there’s a bullish future ahead for the world’s biggest cryptocurrency. Unfortunately, it’s never that simple. There was a valiant…

Changing Finance, Gaming and More

April 5, 2020 boss

With ongoing talks of Central Bank Digital Currencies and now even a possible digital dollar, tokenization continues to be a hot topic both in the crypto world and in traditional finance. It’s been a buzzword in the financial industry for a while now, and the concept is being explored by startups, established institutions and governments alike, through centralized and decentralized blockchain technology. As the world of tokenization marches on, some questions have been raised from technological, financial and regulatory standpoints. Here is a deep look into tokenization, how it will…