Key Points Bitcoin price failed to move above the $6,450 and $6,460 resistance levels against the US Dollar. There is a key connecting bullish trend line in place with support at $6,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must clear the $6,450 and $6,460 resistance levels to…
The Cyberspace Administration of China is tightening its stance against anonymity offered under the garb of blockchain technology. The central internet regulator, notorious for its role in building the so-called “The Great Firewall of China,” has drafted new regulations that would require local blockchain companies to register users with their real names and national identification…
Here at NewsBTC we believe that education and knowledge is fundamental to the wider adoption of cryptocurrencies and growth of the blockchain industry. We will be expanding our education section by delving deeper into some of the machinations and technology behind the blocks. Our weekly articles aim to provide a greater understanding of how things…
Over the decade-long history of Bitcoin, the popular digital asset has been called everything from a money launder’s tool to the first-ever truly global currency. But, although Bitcoin’s definition has undoubtedly changed over the years due to the whims of investors and industry leaders, many still believe that BTC is on the cusp of becoming digital gold…
Key Points Bitcoin price declined recently and tested the $6,350 support level against the US Dollar. There was a break above a connecting bearish trend line with resistance at $6,410 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is facing a solid resistance near the $6,480 and $6,500 levels.…
Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest dedicated independent chipmaker, has predicted a drop in demand from the cryptocurrency mining community in the fourth quarter this year. The growth target of 7 to 9 percent was slashed to 6.5 percent partly due to the demand dynamics of bitcoin miners. Crypto Mining Demand For TSMC…
Japan’s Tax Investigation Committee, an advisory body of the government, is looking to simplify its tax filling system as confusion has led to poor reporting of profits with digital currencies in the country. Japan Lawmakers Discuss Ways to Simplify Tax Returns of Cryptocurrency Gains At a meeting held on Wednesday, members of the taxation committee…
Bitcoin blocks experienced up to 95 percent congestion this month, but it didn’t impact its transaction fees, which remain at around $0.1 Cryptocurrency analyst Willy Woo published a graph to demonstrate a stark comparison between BTC transaction fees in two separate congestion episodes. The first case was from 2017, the year that witnessed Bitcoin congestion…
A hacker who filmed himself accessing Apple iCloud accounts has appeared in a U.K. court. Kerem Albayrak had demanded around $175,000 in ransom be paid in Bitcoin and Apple iTunes vouchers for the non-disclosure of sensitive user data. Apple Hacker Charged in Connection with Bitcoin Blackmail An IT analyst from north London has been charged…
The U.S. Securities and Exchange Commission (SEC) has announced the launch of the Strategic Hub for Innovation and Financial Technology (FinHub) to promote public engagement on fintech-related issues and initiatives, including blockchain technology and cryptocurrencies. SEC Launches FinHub Portal in Connection with the Issuance of Its DAO Report FinHub, which replaces several internal working groups at…