May 4, 2020

Paxful Launches Bitcoin Fundraising Campaign to Combat COVID-19 in Africa

May 4, 2020 boss

Peer-to-peer (P2P) cryptocurrency marketplace Paxful announced on May 4 the expansion of its #BuiltWithBitcoin charitable initiative in Africa with the launch of the “Africa Fund.” The fund will use Bitcoin (BTC) donations to purchase essential resources for the fight against the coronavirus pandemic. According to the announcement, COVID-19 cases are increasing in Africa “at exponential rates.” Fundraising aims to acquire Personal Protective Equipment (PPE), food packs, and provide high-risk individuals with groceries and handwashing stations. Paxful will start the fund with $15,000 and match any additional donations submitted up to…

Bitcoin Price May Drop After Halving, Historical Data Shows

May 4, 2020 boss

Bitcoin has again rallied sharply in the weeks leading up to its impending halving event. But if historic patterns are anything to go by, the cryptocurrency could suffer a temporary price pullback following the supply-altering event. The top cryptocurrency by market value has risen by over 130% since bottoming out at $3,867 on March 13 according to CoinDesk’s Bitcoin Price Index. The cryptocurrency jumped from $6,700 to $9,400 in the last 10 days of April alone. What’s more, prices gained over 15% last week to register bitcoin’s first seven-week winning streak…

BITCOIN: WHY 8K IS IMMINENT l Cryptocurrency Market Analysis

May 4, 2020 boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Market Cycles, Market Structure. This is why I was long when everyone else was short. We must retest liquidity before heading lower (making a new weekly lower high) Hope this Helps. Website: ___________________________________________________ Cryptoject Pro Course Information: ___________________________________________________ Cryptoject Telegram Channel: ___________________________________________________ Join the Cryptoject Group Chat: ___________________________________________________ Personalized Trading Lessons: ___________________________________________________ Hard Wallets: Get A Ledger Hard Wallet For Safe Digital Asset Storage Ledger Nano Link: #Bitcoin #Cryptocurrency #XRP ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

US Court Dismisses Lawsuit Over Riot Blockchain’s Crypto Pivot

May 4, 2020 boss

A New Jersey judge ruled last week that Riot Blockchain’s decision to change its name was not, by itself, tantamount to securities fraud. U.S. District Judge Freda Wolfson of the District Court of New Jersey dismissed a lawsuit Thursday which tried to argue that the Colorado-based firm had changed its name to “Riot Blockchain” in an effort to boost its share price. Riot Blockchain changed its name from Bioptix in October 2017, after announcing a move from biotechnology into bitcoin mining. The share price soon rocketed up from $8 to…

US Court Dismisses Lawsuit Over Riot Blockchain’s Crypto Pivot

May 4, 2020 boss

Indian Crypto Exchanges Seek Tax Clarity From Central Bank

May 4, 2020 boss

Following the Supreme Court’s reversal of the Reserve Bank of India’s ban on financial institutions providing banking services to crypto firms, the country’s digital asset exchanges are seeking clarity on their taxation obligations. On May 4, India Times reported that several of India’s crypto exchanges collectively penned a letter to the RBI claiming that the current absence of regulatory clarity has led to banks continuing to deny services to exchanges dealing with crypto assets. The report notes that the exchanges have also reached out to India’s high court regarding the…

Bitcoin, Ether, and XRP Weekly Market Update May 04, 2020

May 4, 2020 boss

The total crypto market cap added $19.7 billion to its value for the last seven days and now stands at $243 billion. The top 10 currencies showed mixed results for the same time period with bitcoin (BTC) gaining 12.5 percent while Tezos (XTZ) lost 5.5 percent. By the time of writing Bitcoin (BTC) is trading at $8,621 while Ether (ETH) is hovering around $196. Ripple’s XRP reached $0.209. BTC/USD Bitcoin ended the previous seven-days reaching $7,700 after six consecutive green candles on the daily chart. The coin added 8.5 percent…

US Senate Staffers Float Blockchain Voting if Chamber Goes Remote

May 4, 2020 boss

U.S. Senate staffers on the Permanent Subcommittee on Investigations, hunting for tech to keep the chamber legislating through crises, floated blockchain voting in an April 30 “continuity of Senate” memo. Coming several days before the Senate’s planned return from its COVID-19 recess, the 29-page memo, which is not a proposal to change Senate rules or from the committee that reviews them, preceded the subcommittee’s Thursday roundtable on crisis-time continuity solutions. Blockchain-based solutions were included on the list of suggestions. “The Senate may consider blockchain” if its 100 members must vote…