Month: July 2019

Indian Finance Minister Addresses Crypto Proposal – Industry Responds

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India’s finance minister has broken silence and talked about the crypto draft bill and report her department is examining which propose to ban cryptocurrencies. While she views the report as “very futuristic and well-thought-out,” the crypto industry sees it as flawed and incomplete. Also read: Calls Intensify for Indian Government to Regulate Cryptocurrency Finance Minister Talks About Crypto Report The Indian finance and corporate affairs minister, Nirmala Sitharaman, talked about the cryptocurrency report and draft bill her ministry is examining in an interview published by The Economic Times on July…

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China Publishes New Rankings of 37 Crypto Projects

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China’s Center for Information and Industry Development has published its latest crypto rankings. Thirty-seven projects have been evaluated and ranked overall as well as in three separate categories. Some favorites have changed and two projects have been added to the previous list of projects ranked. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments The 13th Update of Crypto Rankings The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released the 13th update of its crypto project…

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India’s Apex Tech Body Lambasts Govt’s Proposed Bitcoin Ban

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As the Indian government considers banning bitcoin and cryptocurrency trading and holding, Nasscom, the country’s top software, and information technology body has spoken out against the proposal. India Moves to Ban Bitcoin Lately, the press has been aflame with reports that India will ban and criminalize bitcoin and cryptocurrency trading. Earlier last week, an inter-ministerial committee tasked with analyzing virtual currencies suggested that a blanket ban should be instituted. This means anyone caught in violation of the law will be imprisoned for a decade. As reported by Business Standard, the…

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Impending Golden Cross Could Start The Next Bitcoin Rally

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Crypto analysts and investors are growing increasingly giddy about an impending golden cross on Bitcoin’s 3-day price chart. Is a Trend Reversal on the Cards? Since topping out at $13,800 Bitcoin has taken a prolonged beating as buying pressure evaporated and bears took control of the wheel. Bearish analysts have predicted that Bitcoin could drop as low as $4,000 before reversing course. Meanwhile, Bitcoin bulls expect the digital asset to bounce off the 21-day exponential moving average (EMA) at $8,000 to $8,500, then the uptrend could resume.  The golden cross…

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Testing Haven, OB1’s New Social Media and Crypto Marketplace App

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On Monday, OB1, the development team who created the crypto-infused marketplace Openbazaar, launched a new platform called Haven. The application is a mobile version of the Openbazaar marketplace, but also includes social media, end-to-end encrypted messaging, and noncustodial wallet services for a variety of digital assets. The following is a review of the Haven application after experimenting with the mobile crypto marketplace first-hand before the public launch. Also Read: Exploring the SLP Token Universe Built on the Bitcoin Cash Chain OB1 Launches the Mobile Platform Haven Privacy The cryptocurrency firm…

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Bitcoin Still Completely Dominates BCH and BSV, New Research Shows

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Bitcoin’s main forks – Bitcoin Cash ABC (BCH) and Bitcoin Cash SV (BSV) – have several elements of a medium of exchange asset, but they still don’t experience the same adoption level. Bitcoin Forks Are Rarely Used as Means of Exchange On Monday, July 29, crypto analysis firm Coinmetrics published a report that compares Bitcoin with its main forks, BCH and BSV. The latter ones came out to solve the deviation of Bitcoin’s primary use case. The largest cryptocurrency by market cap has become a store of value, while it…

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Singapore Could Embrace Bitcoin First, Pompliano Tells CNBC

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Singapore could be the first country in the world to embrace Bitcoin, one of cryptocurrency’s best-known commentators has told mainstream media.  Singapore Saying ‘Bring It On!’ Speaking on CNBC’s Squawk Box segment July 30, Anthony Pompliano, co-founder of Morgan Creek Digital, said Singapore’s proactive stance on regulation could leave the rest of the world racing to catch up.  The debate, which also featured CoinShares’ chief strategist Meltem Demirors, aired the same day US politicians held the latest in a series of hearings about Blockchain and crypto regulation.  “…Look at Singapore;…

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When Cash Is Banned, Centralized Cryptos Are Not Going to Save You

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Australia is now moving forward with its proposed legislation to ban cash purchases over 10,000 AUD ($6,900) for business purposes. According to the treasury website: “The Black Economy Taskforce recommended this action to tackle tax evasion and other criminal activities.” While many Aussies are celebrating Bitcoin’s exclusion from this clause, others find the move away from hard cash somewhat chilling. After all, if this finally goes through, banks and the state will be given sole power to deny or approve any and all purchases above this limit. Crypto is not…

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Bitcoin Price Analysis: BTC Prepped For Another Bearish August

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Bitcoin price has almost reached maximum consolidation inside a descending triangle pattern today, having spent the last 3 days narrowly range bound between $9400  and $9580.  Bitcoin Daily Chart  On the daily BTC/USD chart we can see how Bitcoin has made 4 lower lows over the past 20 days and found reliable support twice at the $9,400 level. By connecting these points, we can see that a bearish descending triangle has formed which paints a less than favourable picture for the asset going into the rest of this week. Right…

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Was Tether the Unknown Bitcoin Whale Behind Monday’s $2.27 Billion Transfer?

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The massive $2.27 billion bitcoin transfer that occurred on Monday has led to the emergence of fanciful theories that Tether might be creating a private dark pool for future USDT issuance. The Facts: Bitcoin Whale Moves $2.27 Billion in Six Hours Monday (July 29, 2019) turned out to be an eventful day in the bitcoin scene. “Fiach_Dubh” a pseudonymous writer for Coinmonks – a technology-focused publication – has woven an intricate plot that ties together several of the major happenings from Monday. In a Medium post published on Tuesday (July…

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