RBI Ignored Exchanges’ Arguments on Bitcoin Ban: Court.

The Reserve Bank of India (RBI) did not correctly respond to the presentation that could have removed the necessity of banning bitcoin trading in the country, found the apex court. The Supreme Court of India noted in a hearing today that the central bank forwarded the presentation to the government. origin »

Buyers Not Found: Bitcoin Price Back Below $10,000.

Following a strong rally back toward $11,000 that was stopped roughly $50 short, Bitcoin price has now broken back below $10,000 yet another time during the month of August. While Bitcoin price has been on a bull rally throughout most of 2019, bringing investors who bought the bottom over 300% returns at its peak, it’s. origin »

Bitcoin Could Get Stuck in $8k-20k Range Endlessly: Bloomberg Analyst.

Bitcoin could get remain stuck in a price range defined by $8,000 as support and $20,000 as resistance, believes Mike McGlone of Bloomberg Intelligence. The senior commodity strategist on Tuesday said bitcoin price is in an “extended hibernation” state because more people are storing the cryptocurrency like gold instead of trading it on the spot. origin »

Bitcoin (BTC) Price Recent Breakdown Could Accelerate Decline.

Bitcoin price failed to surpass the $11,000 resistance and recently declined against the US Dollar. The price is currently trading below the key $10,600 and $10,500 support levels. This week’s followed crucial bullish trend line was breached with support near $10,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). origin »

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ICO Rating Agrees To Pay SEC Fine.

Russian cryptocurrency ratings site ICO Rating has agreed to pay an undisclosed fine to the US Securities and Exchange Commission after allegedly shilling illegal token sales on its site from December 2017 to July 2018. origin »

Dark Market Seller Convicted Of Selling Drugs by DoJ, To Forfeit Millions In Ill-Gotten Crypto Profits.

California resident Sky Justin Gornik has been convicted of selling drugs for cryptocurrencies in darknet markets. According to a statement from the U.S. Department of Justice, the man aged 39 pleaded guilty to using the Alpha Bay, Trade Route, Abraxas, Evolution, Outlaw Market, and Dream Market trading floors to trade fentanyl, carfentanil, ketamine, oxycodone, amphetamine, […] origin »

Bitcoin Bias Flipping to Extremely Bearish: Analyst.

Trading signals for Bitcoin are turning ‘extremely bearish’ as the cryptocurrency’s wild upside of HY2019 comes close to its exhaustion. According to market analyst Chonis Trading, the moving average convergence divergence (MACD) oscillator on bitcoin’s weekly charts is looking to flip to indicate its bearish bias. origin »

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Sony’s acquisition of Insomniac mirrors Microsoft’s aggressive expansion.

Sony this week revealed it’d acquired Insomniac Games, its perennial partner studio and the developer of Spider-Man, Ratchet & Clank, and the Resistance series. Insomniac joins a conga line of game studios that have been acquired by the console makers in the last few years — indeed, it almost seems like a response to Microsoft’s vacuuming up studios left, right, and center. origin »

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Deloitte Launches Blockchain Experimentation Tool.

In a bid to make it easier for startups to understand the workings of distributed ledger technology (DLT) and how its numerous use cases can be implemented, Deloitte, one of the “big four” accounting firms and the largest professional services network in the world, has launched Blockchain In a Box (BIAB). origin »

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Bitcoin (BTC) Dominance is almost 70% – Buterin worried.

The share of the cryptocurrency market, which falls on Bitcoin (Bitcoin Dominance), has reached almost 70%. It was so high in March 2017. In fact, the cryptocurrency market is degenerating in direction of one main coin, which can be accepted as a safe haven by global finance. And in fact it is already used so. […] origin »

Why do we need market makers and what role do they play on Crypto Market?.

In early August 2019, the pan-Asian cryptocurrency exchange Coineal, which is currently actively expanding its presence in Russian cryptocommunity, announced its entry into a strategic partnership with the technological startup BlockchainHouse, which provides unique services for our market: the company is specialized in the field of market-making (MM) for blockchain projects. origin »

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