Day: April 14, 2020

Search Volume for ‘Bitcoin Halving’ Outflanks Previous All-Time High

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Interest in the forthcoming “halving” event on the Bitcoin (BTC) blockchain has surged to levels higher than ever seen before. Data from Google Trends as of April 14 indicates that this year’s peak of interest in the event is 16% higher than back in 2016, the last time that halving occurred on the network. Worldwide Google search data for “Bitcoin halving” since April 2015. Source: Google Trends Breaking down the data geographically — this time focusing on the past 30 days — the top five countries showing the most interest…

Binance Continues Global Push With Launch of P2P Trades for Rupee and Rupiah

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Major cryptocurrency exchange Binance is deepening its presence in two major emerging markets, India and Indonesia. In an announcement published on April 14, the exchange revealed that users are now able to trade cryptocurrencies peer-to-peer (P2P) for Indian Rupees (INR) and Indonesian Rupiah (IDR). Both fiat currencies will be available against Bitcoin (BTC), Ether (ETH), Tether (USDT) Binance Coin (BNB) and Binance Dollar (BUSD) via the platform’s site and mobile app. Laying the foundations Well ahead of the recent improvements in India’s crypto regulatory climate, Binance had already begun to…

Chinese Gov’t Sets Up a Committee for Blockchain and DLT Standards

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The Chinese government and its federal authorities are getting increasingly involved in the blockchain space to push forward innovation throughout the country.  In the latest, the government released an official notice stating that they have put together a technical committee of 15 organizations to devise national standards for blockchain and distributed ledger technology. This comes only three days after the Ministry of Industry and Information Technology (MIIT) called for feedback on the data security standards of blockchain and other technologies.  An all-inclusive committee To ensure that the national standards thus…

Bitcoin Takes Aim at $7K as Deutsche Bank Hails ‘End of Free Market’

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Bitcoin (BTC) was aiming for $7,000 on April 14 as a sudden $600 dip gave way to a slow grind upwards as the week began. Cryptocurrency market daily overview. Source: Coin360 Filbfilb: BTC needs “game changer” $7,250 close Data from Coin360 and Cointelegraph Markets showed BTC/USD challenging $7,000 resistance on Tuesday.  Previously, a slump in traditional market futures produced a sharp downturn, with the pair briefly hitting lows of $6,650 across major exchanges. In the event, the S&P 500 finished down 1% on the day, Bitcoin recovering to press-time levels…

One Of A Kind: Why Bitcoin is 'The Next Bitcoin'

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this talk, Andreas addresses the speculation about what will be the “next Bitcoin” or the “next Ethereum.” Echoing previous talks like ‘Invest in Education … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Ripple (XRP) Is Recovering But Here Is Why It Could Reverse To $0.165

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Ripple is currently correcting higher from the $0.1810 support against the US Dollar. XRP price is now facing key barriers and it could reverse towards the $0.1650. Ripple price is up more than 2% and it is above the $0.1860 level against the US dollar. There are still many hurdles near the $0.1900 level and the 100 hourly simple moving average. There is a key connecting bearish trend line forming with resistance near $0.1890 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could struggle…

Crypto Holders Being Targeted by COVID-19 Scammers — FBI Warning

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The Federal Bureau of Investigations (FBI) expects a rise in the number of crypto scams related to the coronavirus pandemic.  In a April 13 press release, the FBI warned that the increase of “cryptocurrency-related fraud schemes” would only be facilitated by more people getting on board with crypto. The elderly are particularly vulnerable, but the agency is reporting people of all ages could be victimized by such scams. “There are not only numerous virtual asset service providers online but also thousands of cryptocurrency kiosks located throughout the world which are…