Researchers at Adamant Capital say Bitcoin is entering an accumulation phase which will see the cryptocurrency trade in a tight range on the way to another massive bull run. Bitcoin Will be Range Bound in Accumulation Phase In a report published on Thursday (April 18, 2019), analysts at Adamant Capital characterized the present Bitcoin cycle as an accumulation phase. In this phase, the researchers expect range-bound trading to characterize the BTC price action. An excerpt from the summary introduction in the report reads: During this accumulation phase, we expect for…
Read MoreDay: April 19, 2019
New Crypto-Friendly Bank Cashaa Offers Personal and Business Accounts
People and businesses in need of crypto-friendly banking now have a new platform to try. Cashaa is a London-based online bank that recently launched promising one account for old and new money. Its products are targeted at those who are underserved by traditional financial institutions. Also read: Coin Time Machine Estimates Profit From Crypto Investments You Could Have Made Cashaa Offers Startups Banking and Crypto Payment Services Opening a first bank account can be problematic for young companies in many jurisdictions around the world. The business accounts offered by Cashaa…
Read MoreRBI Excludes Cryptocurrency From Indian Regulatory Sandbox
India’s central bank, the Reserve Bank of India (RBI), has unveiled its framework for a fintech regulatory sandbox. While blockchain and smart contracts are welcomed, the bank stated that cryptocurrency and related services “may not be accepted for testing.” Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request RBI Welcomes Blockchain Tech The RBI published its draft framework for a fintech regulatory sandbox Thursday. The central bank explained that one of the recommendations the inter-regulatory fintech working group, which it set up in July 2016, came up with…
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