Crypto Markets Continue to Drop, Bitcoin Briefly Slips Below $8,200

After another sell-off earlier today, crypto markets have continued to fall, with Bitcoin (BTC) briefly dropping below the $8,200 threshold. At the time of writing, 19 out of the top 20 coins by market cap are seeing significant losses. Texos (XTZ), the 17th altcoin by market cap, is resisting the bearish movement, still trading up around 1% over the past 24 hours at press time, according to Coin360. Market visualization. Source: Coin360 After Bitcoin failed to reclaim $8,500 earlier today, its price has only continued to fall, dropping to as…

XRP & Crypto Price Manipulation & Ripple CTO ‘Down for Maintenance’

If you have been invested in XRP or cryptocurrency for the past two years you will be acutely aware of the fact that the market is heavily manipulated. If like me, you are not a billionaire you may be wondering how such rampant price suppression is tolerated or even possible. It turns out not only is price manipulation easy to achieve for the people at the top, it has been going on for decades in most other markets out there. If we go back to the internet revolution of the late…

Crypto Assets Are Legal Equivalent of Property: Report

U.K.: Crypto-assets are legally equivalent to property, clearing the way for businesses to use digital currencies backed by blockchain technology, a high-powered group of legal experts chaired by a senior member of the judiciary reported today. The panel urged commercial lawyers to prepare for the disruptive impact of digital coins and associated technologies on the law, the legal system, and legal profession before others “steal a march” on them. UK Jurisdiction Taskforce The statement, reported by The Times and published by the UK Jurisdiction Taskforce of the LawTech Delivery Panel, concluded…

US Presidential Candidate Andrew Yang Presents his Crypto Regulation Approach

In one of his several pro-Bitcoin letters, the Democratic Party’s presidential candidate Andrew Yang carefully laid out the groundwork on how technology should be regulated, including of course crypto. Reflecting on the negative impacts of technology on the nation, the philanthropist and entrepreneur Yang touched on how much technology has affected the minds of the young and how much worse it is now to regulate the space. Yang further pinpointed the struggle through which government agencies are going just to bring the tech space under control. Highlighting Facebook’s boss Mark…

Public Statement Aims to Define Legal Status of Crypto Assets in the UK

The United Kingdom Jurisdiction Taskforce of the Lawtech Delivery Panel published a statement concerning the status of cryptocurrencies, distributed ledger technology (DLT) and smart contracts under English and Welsh private law. U.K. entrepreneur network Tech Nation announced the paper’s publication on Nov. 18. The document attempts to address the legal uncertainties of cryptocurrency and recognizes crypto assets as tradeable property and smart contracts as enforceable agreements under local law. The importance of regulating blockchain Lawtech Delivery Panel director Jenifer Swallow noted that the worldwide smart contract market is expected to…

Financial Crimes Enforcement Network Head: Crypto Exchanges Must Verify Identities

In a conference hosted by the blockchain analysis company Chainalysis, the Director of Financial Crimes Enforcement Network (FinCEN) Kenneth Blanco stated that the U.S government will be observing a strict implementation of the “Travel Rule.” According to the “travel rule,” any entity engaging in cryptocurrency exchange is required to share their customer’s identity, beneficiaries and identity of the original parties if the exchanged amount is $3,000 or higher. These entities can range from wallet service providers to digital asset exchanges. The decision was long pending and is not a shocking…

Crypto Market Heading Northwards, Bitcoin Price Sits Calm at $8600 Levels

After a poor drag down last week, the overall cryptocurrency market is showing signs of mild recovery today. While the crypto markets are eyeing a northward journey, Bitcoin still looks hesitant to take the lead. Last week, Bitcoin took a hit as the BTC price first slipped below $9000 and later even below its crucial support at $8700. Now, at press time, Bitcoin is trading at $8641.61 with a market cap of $156 billion. While Bitcoin has been showing a mild response to the market recovery, some of the altcoins…

How Crypto and Blockchain Are Influencing Geopolitics

The world is a constantly changing place — and from an economic standpoint, things are dramatically shifting, too. Two major superpowers, the United States and China, are embroiled in a dramatic trade war where tit-for-tat tariffs have been placed on goods — breeding uncertainty for consumers and businesses alike and making everyday products more expensive. The United Kingdom is still embroiled in a messy divorce from the European Union, and Russia is ratcheting up tensions with its neighbors in the West. All of this geopolitical drama has two effects. Firstly,…

Crypto Market And Bitcoin Might Decline Further: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is following a bearish pattern below the $230.0B level. Bitcoin price is facing an increase in selling pressure below $8,600 and $8,500. EOS price is currently struggling to stay above the key $3.350 support area. BCH price extended decline and broke the $280 and $265 support levels. Tron (TRX) price is currently trading near the key $0.0185 support area. Cardano (ADA) price is showing positive signs above the $0.0420 support. Bitcoin and the crypto market cap are currently declining. Ethereum (ETH), EOS, Tron (TRX), BCH,…