Why This Trader Thinks Ethereum Could Plunge 20% Despite $400 Break

Both Bitcoin and Ethereum have pushed higher after the local lows on Thursday. Both digital assets are up around 5% from those lows, with BTC pushing to $11,600 and ETH to $400. This move brings Ethereum, especially, above the pivotal $400 resistance. дальше »

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Ripple Sued by 13 Australian Banks for Trademark Infringement

Ripple Labs Inc. is being sued in an Australian court for allegedly infringing a trademark belonging to several local banks. A lawsuit filed by the New Payments Platform Australia (NPPA), a joint venture between the Reserve Bank of Australia and 13 domestic banks, claims that Ripple copied its PayID brand. дальше »

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Russia: Banking Giant Sberbank Taps Blockchain to Tokenize Travel Agent Payments

Russia is looking to automate travel agency payments using blockchain technology. Using Smart Contracts to Automate Payments According to a report by local outlet Air Transport Review, Russia’s S7 Airlines has inked a partnership with the country’s largest bank, Sberbank, to fully automate travel agency payments through distributed ledger technology (DLT). дальше »

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Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades

Police in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well as other sites elsewhere. дальше »

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How the Battle for Thailand Is Being Fought on Twitter

The Thai government and pro-democracy protesters are at war over social media. Authorities blocked local access to a Facebook group that was critical of the monarchy. Young protesters now fear the military government is interfering with Twitter as well. дальше »

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South Korean Exchange, Coinbit, Accused Of Wash Trading 99% Of Its Volume; Profited Close to $84 Million

One of Korea’s largest cryptocurrency exchange is under investigation after the Seoul Metropolitan Police found evidence of wash trading of over 99% of its volumes. According to local reports from Seoul Shinmun, the police have seized Coinbit exchange headquarters in Gangnam district and some property around the country as investigations continue. дальше »

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A Blockchain company in Seoul may be ground zero for a fresh resurgence of COVID-19

A major South Korean tech hub is under scrutiny by local health authorities.

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The Trials of China’s DCEP Focusing on Retail Transactions: Report

The experimental test of China’s sovereign digital currency is currently focused on small retail transactions and hasn’t expanded to large volume transactions yet, said the country’s central bank as reported by local media. дальше »

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Binance Taps DeFi Excitement to ‘Fuel’ Expansion Strategy in India

Binance is looking to accelerate business development in India during the local 2020 bull run – with an acute focus on decentralized finance. дальше »

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Google busts firm running a $1.2 million Bitcoin scam

Tech giant Google rescinded the license of a Philippines business running a scam involving Bitcoin and gift cards over the weekend, according to local reports. The post Google busts firm running a $1. дальше »

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Here’s Why Bitcoin May Not Fall Much Lower Than $11,000: Analyst Explains

While Bitcoin has bounced from the local lows of $11,400, the asset remains below some crucial resistance levels. This has led some analysts to suggest that BTC is still poised to correct lower. Many analysts are eyeing $10,500, as that’s where the cryptocurrency truly began the rally $12,000. дальше »

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Crypto Derivatives Exchange BitMEX to Block Ontario Traders

The veteran cryptocurrency derivatives exchange is to block users in Ontario, apparently at the behest of the local securities regulator. дальше »

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This Indicator Is Still Adamant Chainlink (LINK) Is Poised to Drop Further

Chainlink surged on Saturday after plunging around 25% from its local highs near $20. The asset reached approximately $16, bouncing from the $14 lows. LINK is down on Sunday, trading 5. 5% lower in the past 24 hours. дальше »

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Iran Shuts Down 1,100 Illegal Bitcoin Miners; Whistleblowers Rewarded $2,400

Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly shut down 1,100 illegal bitcoin mining farms in the country, local media reported. Whistle-blowers tipped off authorities on unauthorized miners following a July announcement of rewards including 100 million rials (about $2,400). дальше »

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Analyst Who Predicted Bitcoin’s $3,000 2018 Low Thinks Ethereum Is Bullish

Bitcoin and Ethereum are bouncing higher after this week’s strong correction to the downside of 9% and 14%, respectively. The price of ETH, in particular, has bounced to $395 from the local $380 lows. дальше »

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Why a Bloomberg Analyst Thinks Bitcoin Is “Tilted” Towards Rallying Even Further

Bitcoin’s rally has stalled after hitting $12,500 on Monday. As of this article’s writing, the price of the leading cryptocurrency is $11,800. This is $700 shy of the local high. The recent drop has scared some analysts, with some arguing that a drop towards the $10,000 is possible. дальше »

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Qtum hits new year-to-date high as price surges by 30%

QTUM/USD reached a new local high of $5.40 before retracing to around $4.55 Qtum...

The post Qtum hits new year-to-date high as price surges by 30% appeared first on Coin Journal.

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There’s a Mass of Analysts That Think Chainlink (LINK) Will Drop After Falling 25%

Chainlink has suffered a strong retracement since the $20 highs it saw last week. The altcoin is now trading for $16, 20% below the local highs, after it suffered a flash crash. There are few traders willing to take short positions on the cryptocurrency due to its explosive volatility. дальше »

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China to Stress Tests Its DCEP With High Volume Transactions; See If It Can Handle the Load

Chinese local news reports indicate China’s digital RMB test runs are currently ongoing in Shenzhen and Suzhou in Jiangsu province. The tests are currently limited to non-complex use cases such as retailing, catering, and topping up transport cards. дальше »

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South Korea’s Crypto-Friendly Island Selects ICON for Coronavirus Tracing App

An influential South Korean project is partnering with the local government to develop a blockchain-based application for coronavirus tracing, according to a release Wednesday. ICON Partners with Jeju Islands ICON, a South Korean player in the blockchain and cryptocurrency space, announced that Jeju Island, the country’s most popular domestic tourist destination, will use its DecentralizedRead MoreRead More. дальше »

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Singapore: Code of Practice Offers Practical Guidance for Crypto License Applications

Singapore’s crypto industry association is providing resources for local firms as they navigate new regulatory requirements.

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Why It’s “Hard” for This Analyst to Be Bullish on Ethereum as Price Flirts With $400

Ethereum has corrected with Bitcoin over the past day. Both cryptocurrencies have dropped just under 10% from the local highs. As of this article’s writing, ETH trades for $408, a price 4. 5% lower than it was 24 hours ago. дальше »

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Bitcoin May Be Poised to Bounce After $800 Correction Due to These 4 Reasons

Bitcoin has undergone a stark correction since the ~$12,400 peak on Monday. As of this article’s writing, the leading cryptocurrency trades at $11,700. This is $700 below the local high, though the asset fell as low as $11,600 earlier today. дальше »

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Here’s What Top Analysts Think About Bitcoin After It Corrected 7%

Bitcoin has not performed well in the past 24 hours. After peaking at $12,400 on Monday, the leading cryptocurrency’s price action has rapidly reversed. As of the time of this article’s writing, BTC trades for $11,800 — around $600 before the local highs. дальше »

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Rostelecom and Waves Enterprise develop federal blockchain-based e-voting system

After recent local pilots of blockchain-based e-voting used for Russian constitutional referendum – used in the Moscow and Nizhegorodskaya area – a new blockchain voting system will be introduced on the Russian federal level. дальше »

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Turkey Residents Panicking Over Massive Inflation

Turkish are losing faith in its local fiat currency, with confidence in the lira falling 20% this year.

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Chainlink, ETC, Dogecoin Price Analysis: 18 August

Chainlink's price dipped alarmingly, registering close to 20% loss within an hour. This action happened hours after Bitcoin reached a local high of $12,499. Ethereum Classic, on the other hand, saw reThe post Chainlink, ETC, Dogecoin Price Analysis: 18 August appeared first on AMBCrypto. дальше »

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Chainlink Just Flash Crashed 20%: Here’s What’s Next For LINK

Chainlink (LINK) has finally undergone some price weakness after a record-setting rally. The asset plunged 20% in the span of 30 minutes according to data from TradingView. com. The asset moved from just shy of its local highs at around $18. дальше »

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Ethereum Price Falters Around $430 as ETH2 Testnet Experiences Outage

Ethereum’s price has begun to falter after surging higher late last week. The cryptocurrency trades at $430 as of this article’s writing, which is a few percent below and a few percent above the local highs and lows, respectively. дальше »

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South Korea: Major Banks to Start Offering Crypto Custodial Services

Leading South Korean lenders are now putting preparation in top gear to roll out custodial services for bitcoin and other digital assets. The move follows the government’s recently amended Special Financial Transactions Information Act, according to a report by local news platform, MTN on August 13, 2020. дальше »

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Is Bitcoin Correcting or Just Cooling Off?

The Bitcoin (BTC) price has been retracing since getting rejected by the $12,000 level on Aug 2 and Aug 10. It is not yet clear if the current movement is corrective or an impulse that will bring new local highs. дальше »

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Ethereum rally takes price to 2020 high at $431

ETH/USD has hit a new local high at $431 and could extend to higher...

The post Ethereum rally takes price to 2020 high at $431 appeared first on Coin Journal.

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Japanese City Now Using LoGo Blockchain App for Government Administration Purposes

Authorities in Kaga City, which is located in the  Ishikawa Prefecture of Japan, are now using a blockchain-powered application called Local Government Form Electronic Application (LoGo) to run the city’s key administrative procedures, according to a press release on August 13, 2020. дальше »

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Ethereum Rockets to New Local Highs at $420—and More Upside Is Expected

It seems the second leg of the crypto bull market has finally arrived. In the past 30 minutes, Ethereum has shot higher after a week of consolidation. As of the time of this article’s writing, ETH trades for $420 — more than 7% higher than it was just an hour or two ago. The breakout […] дальше »

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Over a Million South Koreans Now Hold Blockchain-Based Drivers Licenses

Over a million South Koreans now boast of having drivers licenses issued on the blockchain, as per local reports Thursday. Blockchain ID Accepted Everywhere Launched just over two months ago in May, the South Korean program for issuing driver licenses over a public blockchain has already attracted over one million Koreans, showing huge interest inRead MoreRead More. дальше »

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Five Crypto Miners Arrested In Malaysia For Stealing State Electricity

Five cryptocurrency miners have been arrested in Malaysia for their part in stealing electricity worth approximately RM 250,000 (equivalent to $59,580. 58) a month to mine crypto, local news agency The Malay Mail reported on Wednesday. дальше »

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Australian Woman Jailed Two Years for Stealing $300,000 Worth of XRP

An Australian hacker who stole 100,000 units of the XRP cryptocurrency has been sentenced to a maximum of two years and three months in jail, local media reported. Kathryn Nguyen hacked the crypto account of a 56-year old man in January 2018. дальше »

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Venezuela Mulls Tax Payments in Its Controversial Petro Cryptocurrency

Officials in Venezuela are mulling the payment of citizen taxes using the Petro cryptocurrency despite criticisms of it not being backed by a public blockchain, as per local reports Tuesday. Taxes Paid in Crypto Coming to Venezuela The Bolivarian Council of Bolivarian Mayors and Mayors signed this Sunday the National Tax Harmonization Agreement in 305Read MoreRead More. дальше »

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China’s Digital Yuan Will Go Live in Hong Kong’s Greater Bay Area

China’s ambitious digital currency project, the so-named digital yuan or DCEP, will see test runs at Hong Kong’s Greater Bay Area in the coming weeks, according to local reports on August 12. Greater Bay Area to Benefit The Greater Bay area – an amalgamation of Hong Kong, Shenzhen, and Macau – is a $2 trillionRead MoreRead More. дальше »

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Russian Monitoring Agency Develops Blockchain Analysis Tool To Track Bitcoin And Monero

A report from local news channel RBC confirmed on Tuesday Russian intelligence unit, Rosfinmonitoring, (Russia’s Federal Financial Monitoring Service), has proposed a cryptocurrency monitoring tool similar to U. дальше »

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Chainlink (LINK) Erupts to $13 as Buyers Continue to Rush In

Chainlink (LINK) has continued to surge higher since NewsBTC’s last market update. Just minutes ago, as per data from TradingView, the cost of the popular altcoin crossed above $13 just minutes ago, reaching a local high of $13. дальше »

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Zeus Capital asserts Chainlink will “dump” despite LINK rallying to $10

While Bitcoin and Ethereum have stagnated at local highs, Chainlink (LINK) has been pressing higher and higher over recent days. The post Zeus Capital asserts Chainlink will “dump” despite LINK rallying to $10 appeared first on CryptoSlate. дальше »

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BitMEX Leaderboard Trader Fears Bitcoin Could See a Second “Flash Dump”

Bitcoin has slid lower over the past 24 hours as the cryptocurrency failed to surmount $12,000 in the latest leg higher. As of the time of this article’s writing, BTC trades for $11,600 — 5% shy of the local highs. дальше »

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This Eerie Ethereum Bear Market Fractal Is Predicting a Rally Above $1,000

Ethereum has seen an explosive price performance over the past three weeks. In the span of just around 20 days, the asset has surged from $245 to a local high of $415. As of the time of this article’s writing, the leading cryptocurrency trades hands for $394 — just shy of the pivotal $400 resistance. […] дальше »

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Russia’s State Owned Bank, Sberbank, Mulls Over Issuing A Ruble Pegged Stablecoin

Russia’s largest state-owned bank Sberbank is mulling over the idea of issuing their stablecoin reported a local daily. Many believe the decision was prompted by the recent signing of a new cryptocurrency law by President Putin. дальше »

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Increased Demand Leads Swiss State-backed Bank to Offer Bitcoin & Crypto Trading and Custody

A Switzerland-based state-owned bank, Basler Kantonalbank (BKB), will now be offering bitcoin and cryptocurrencies through its subsidiary Bank Cler, reported the local news. The bank spokeswoman, Natalie Waltmann, said, “We will launch an offer for the trading and custody of digital assets over the next year. дальше »

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Cryptocurrency News Roundup for Aug 3, 2020

Bitcoin started the week on a positive note after an unusually volatile weekend by recent standards. The BTC/USD price temporarily reached a local high of over $12,000. The eventful weekend was preceded by a credit-rating downgrade from Fitch who placed a “negative outlook” on the United State’s triple-A rating on Friday. дальше »

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Huobi Joins Japan STO Association Along With MUFG And 10 Other Players

Huobi Japan is now part of the local self-regulatory body supporting the development of security token offerings.

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Chainlink (LINK) Forms Macro Reversal Signal After Rally 70% in the Past Month

After retracing by approximately 20% from the local highs, Chainlink (LINK) is surging higher once again. Against the U. S. dollar, the cryptocurrency now trades at $8. 33 — a price 7. 75% higher than it was 24 hours ago. дальше »

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Bitcoin Just Broke Past $11,500—and That’s Huge For Bulls

Bitcoin is ripping higher once again. In the past few hours, the leading cryptocurrency has begun to test the year-to-date highs at $11,500. And just minutes ago, BTC reached a local high of $11,700 after an influx of buying pressure. дальше »

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