The government of Australia wants to ban cash payments for goods and services exceeding 10,000 AUD ($6,900). Interestingly, it excludes digital currency, such as Bitcoin, from the restrictions, arguing that if the regulations cover crypto assets, they would also limit innovation. Although Bitcoin is excluded from the proposed ban, such restrictions make the case for…
San Francisco-based US Capital Global Securities is dipping its toes into the world of cryptocurrencies and blockchain. The FINRA-licensed broker-dealer company on Monday announced that it is committing $10 million to NYCQ Fund LP, a private digital venture capital fund launched by CityBlock Capital. The firm said it is seeking accredited investors to back the…
The Iranian government has authorized the mining of cryptocurrencies like bitcoin as an industrial activity on the sidelines of a gloomy economic outlook. Mehr News reported today that miners would need to obtain required licenses from the Ministry of Industry, Mine, and Trade. The move would make crypto mining a taxable event unless miners export…
Bitcoin is one step away from testing $6,700 as support, according to prominent analyst DonAlt. The crypto trader on Monday measured the current bitcoin bias on a three-day timeframe, believing it gave better clarity about the cryptocurrency’s expected price behavior. He noted that bitcoin earlier broke out of a 3-D pennant structure – which also…
Bitcoin and Fortnite don’t seem to be a match made in heaven. But, according to one prominent analyst and investor, the success of one will dramatically help the other. Related Reading: Bitcoin Weekly Close Nears as Bears Maintain Control; Will BTC Soon Drop Below $9,000? Fortnite Holds Massive Tourney The seeming Bitcoin- and crypto-curious Epic…
Bitcoin (BTC) and the aggregated crypto markets have climbed slightly today after facing significant downwards pressure over the past couple of days. This recent price action has signaled that bears are currently in full control of the cryptocurrency, and without a major push by bulls, Bitcoin could face an incredibly weak weekly close that spells…
Despite the massive volatility that is a defining characteristic of the crypto markets, many proponents of Bitcoin (BTC) have claimed that the technology is posed to be a suitable replacement for safe haven assets like gold, and even for fiat currencies. Despite this, one critic of Bitcoin is claiming that BTC’s success over the past…
Bitcoin (BTC) has been incurring significant selling pressure as of late that has caused significant damage to its technical strength. This selling pressure is coming in spite of some bullish fundamental developments that have occurred as of late, including the state-sponsored Bank of China offering what can be defined as a bullish outlook on Bitcoin.…
According to Anthony “Pomp” Pompliano, Bitcoin (BTC) is seeing inflows from the chief investment officers of some “multi-billion dollar institutions”. Related Reading: Analyst: Crypto Markets Likely to Plummet 61% Before Next Bull Run Begins; Here’s Why While this is not direct investment from funds — be it family offices, hedge funds, pensions, venture funds, or…
Bitcoin and the aggregated crypto markets have been spiraling downwards after bull’s attempt to bolster the markets yesterday faltered, leading to a continuation of the downwards pressure that BTC and other major cryptos have incurred over the past several weeks. Now, analysts are noting that there is a high probability that Bitcoin’s recent pullback extends…