BTC Price Back at $9,000 But No, Coronavirus Isn’t ‘Good for Bitcoin’

Any short-term gains to Bitcoin indirectly helped by the virus will reverse in time, a prominent trader warns, as the cryptocurrency hovers at $9,000. Bitcoin (BTC) may be gaining thanks to “economic fear” over coronavirus — but only up to a point, analysts are concluding as the disease spreads.  The cryptocurrency hovered at around $9,000 on Tuesday, capping 4% gains for the week in which coronavirus sent China into partial lockdown.  Coronavirus uncertainty creeps into markets Fears are now surfacing about the impact on Chinese economic growth, while global signals…

Read More

Singapore Act to License Cryptocurrency Firms Comes Into Effect

An act regulating cryptocurrency firms comes into effect on Jan. 28 in the Republic of Singapore. Legislation regulating the operations of cryptocurrency firms in Singapore comes into effect today, Jan. 28. The new Payment Services Act will regulate cryptocurrency payments and trading enterprises under some aspects of the regulatory regime that currently governs traditional payment services and require them to hold a license. Crypto payment services must also comply with the Financial Advisers Act, Insurance Act, Securities and Futures Act and the Trust Companies Act. The new rules place crypto…

Read More

Tone Vays: Bitcoin Must Hold $9K for 2-3 Days to Secure Bull Market

Vays remains cool-headed despite markets clinching $9,000 for the second time this month, arguing higher levels must first endure. Bitcoin (BTC) rising above $9,000 has turned heads amid fresh uncertainty in China but has yet to convince one of its best-known traders. In the latest episode of his Trading Bitcoin YouTube series on Jan. 28, Tone Vays said that despite the past week’s upward price momentum, he was not yet bullish on Bitcoin.  Vays: BTC has not confirmed the bull market  “Am I ready to declare a bull market? No,”…

Read More

Gemini Europe Hires New Chief Compliance Officer for Europe Expansion

Gemini Europe, — the U.K. and EU affiliate of the Winklevoss twins’ crypto exchange Gemini — has appointed a new chief compliance and money laundering reporting officer. Gemini Europe — the United Kingdom and EU affiliate of the Winklevoss twins’ United States-based crypto exchange Gemini — has appointed a new chief compliance and money laundering reporting officer. As part of the firm’s expansion into the transatlantic market, the new appointee, Blair Halliday, will oversee Gemini Europe’s compliance program in the region.  A press release published on Jan. 28 revealed that…

Read More

Wallet Creator Offers $250K to Anyone Who Can Crack the ‘Hack-Proof’

Offline cold storage cryptocurrency wallet provider GK8 is offering a bug bounty of up to $250,000 to the first person who can hack its ostensibly “hack-proof” product. Offline cold storage cryptocurrency wallet service provider GK8 is offering a bug bounty of up to $250,000 to the first person who can hack its product. GK8 — which presents its solution as a “hack-proof digital vault” that needs no direct or indirect connection to the internet —  will place 14 Bitcoin (BTC) (over $125,000 at press time) in its wallet. Anyone who…

Read More

Bitcoin Price Breaks Through Key Resistance as Traders Target $9.2K

Bitcoin bulls pushed the price above a key level at $9,119 and are now aiming to set a daily higher high above $9,200. Bitcoin daily price chart. Source: Coin360 Bitcoin (BTC) bulls appear to have found a second wind which allowed them to push the price above $9,000 to daily high at $9,150.  As discussed in an earlier analysis, bulls had been fighting to hold the price above $8,800 throughout the day and multiple attempts at knocking out the $9K mark were held back by $8,963 and $8,985.  BTC USD…

Read More

E Pluribus Unum: Four Class-Action Suits Against Bitfinex Over 2017 BTC Price Now One

A New York judge has ordered that the four class-action lawsuits against Bitfinex for 2017 manipulation of the Bitcoin market are now one, though leadership remains uncertain. The four class-action suits against Bitfinex, Tether and parent company iFinex over alleged market manipulation leading to Bitcoin’s (BTC) 2017 bull market have been consolidated — with implications for every BTC buyer since April 2017. Per an order dated Jan. 24 and filed Jan. 27 from Judge Failla of the court of the Southern District of New York (SDNY), four complaints have been…

Read More

Coinbase and Ripple Execs Unveil Master Plan to Drive US Crypto Adoption

Two executives at Coinbase and Ripple are leading a drive for smart regulations and transparency in the crypto-sphere, which would drive mainstream adoption. Two executives at Coinbase and Ripple are leading a push for smart regulations and transparency in the crypto-sphere that would arguably drive adoption and take blockchain technology mainstream.  Market integrity must improve The Market Integrity Working Group’s co-chairs want regulators to grasp how they can advance the cryptocurrency industry. In an official company statement, Coinbase senior director and associate general counsel Rachel Nelson, in conjunction with Ripple’s…

Read More

Ditto Music to Launch App Offering Speedy Blockchain Solution

Ditto Music to launch Bluebox, a blockchain recording technology that aims to trace royalties for music from the studio through to consumer streaming. Ditto Music will launch Bluebox, a blockchain recording technology that could be a boon to musicians and distributors alike.  What it’s all about The problem, says Ditto Music CEO Lee Parsons, is that misplaced metadata can end up eating away at the bottom line.  Recently Ditto made a royalty payment of 60,000 pounds sterling ($80,000) to the wrong artist. Parsons reportedly had to pay the correct artist…

Read More

Bitcoin Price Pushes Above $8.8K as Bulls Attempt to Reclaim $9,000

Bitcoin bulls sliced through $8.8K and pushed the price right to the doorstep of $9,000 on a high volume breakout. After a pleasant weekly close, Bitcoin (BTC) bulls turned up Monday prepared to push the price to the $9K mark and possibly above. Over the weekend numerous crypto analysts suggested that if the price sustained above the $8,650 resistance Bitcoin would rally to $8,800 to set a daily lower high, consolidate, then make another run at the $9,200 mark.  Bitcoin daily price chart. Source: Coin360 All, except the latter, has…

Read More