Archive for October 8th, 2020

Cryptocurrency Enforcement Framework announced by the US Department of Justice

October 8, 2020 | By | Reply | 8 Readers More
Cryptocurrency Enforcement Framework announced by the US Department of Justice

The United States Department of Justice is focusing its attention on the crypto-verse and how to control that ecosystem. On October 8, 2020, the US Attorney General released a report talking about the dangers associated with the adoption of cryptocurrencies and the expectations of the DOJ in this regard. The “Cryptocurrency Enforcement Framework” is an […]

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A researcher debunks Stock-to-Flow model, likens Bitcoin to a ‘tech stock’

October 8, 2020 | By | Reply | 8 Readers More
A researcher debunks Stock-to-Flow model, likens Bitcoin to a ‘tech stock’

A report authored by the research team of ByteTree purports to debunk one of the most popular Bitcoin (BTC) valuation models — Stock-to-Flow. The model provides a very optimistic forecast for Bitcoin, claiming that a year from now we should see price levels above $100,000. Source: Glassnode. BytTree’s co-founder and chief investment officer, Charlie Morris, […]

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South Korea May Review Crypto Tax Law ahead of 2021 Regulations

October 8, 2020 | By | Reply | 12 Readers More
South Korea May Review Crypto Tax Law ahead of 2021 Regulations

Source: Adobe/mnimage The South Korean government said that it is conditionally prepared to carry out a review of crypto tax regulations – a year ahead of the promulgation of the country’s first crypto-specific tax law. Per news agency Yonhap, Hong Namk-ki, the Deputy Prime Minister and the nation’s finance minister, stated that Seoul was willing […]

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Bitcoin Price Breaks To New 17-Day High: $11K Incoming? (BTC Analysis)

October 8, 2020 | By | Reply | 9 Readers More
Bitcoin Price Breaks To New 17-Day High: $11K Incoming? (BTC Analysis)

Bitcoin’s price has managed to climb $300 today and break bullish out of a 19-day consolidation pattern (white dashed lines). This is pretty surprising considering the recent Kucoin hack, BitMEX investigation from the CFTC, and the potential for a second wave of lockdowns worldwide. In just 6 hours, $12 billion flooded back into the crypto […]

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Why didn’t MicroStrategy’s $423M investment move Bitcoin’s price?

October 8, 2020 | By | Reply | 10 Readers More
Why didn’t MicroStrategy’s $423M investment move Bitcoin’s price?

So, MicroStrategy bought millions of dollars worth of Bitcoin, without moving the price in any direction. Isn’t that a little surprising? At least for an asset where manipulation is said to be easy and present on a huge scale. It is weird how the news of a publicly-stated company buying $425 million worth of Bitcoin […]

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Anonymous Encrypted Data Exchange Blockchain Securypto’s IEO Gets off to a Flying Start

October 8, 2020 | By | Reply | 12 Readers More
Anonymous Encrypted Data Exchange Blockchain Securypto’s IEO Gets off to a Flying Start

The time of ICO’s seems behind us and many blockchain projects have fallen off the grid but one particular project seems not only to have survived but even thrived during these times. Securypto focuses on a safe and truly anonymous exchange of data. In a world where data hacks have become the norm rather than the […]

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Bitcoin Fundamentals are in ‘Moon Mode’ Now: Will Market Respond Only In 2021?

October 8, 2020 | By | Reply | 9 Readers More
Bitcoin Fundamentals are in ‘Moon Mode’ Now: Will Market Respond Only In 2021?

Noted on-chain market analyst Willy Woo is of the opinion that Bitcoin’s network fundamentals including blockchain data and infrastructural metrics are going pretty strong. But the BTC market has still not caught up on this ‘moon-like’ action. Willy believes it will, only next year. Bitcoin On-chain Data And Metrics From Infrastructure Players are in ‘Moon […]

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Jack Dorsey’s Square Invests USD 50m in Bitcoin

October 8, 2020 | By | Reply | 12 Readers More
Jack Dorsey’s Square Invests USD 50m in Bitcoin

Jack Dorsey. Source: a video screenshot US-based payments company Square, founded and led by well-known Bitcoin bull, Twitter CEO Jack Dorsey, said it acquired BTC 4,709 at an aggregate purchase price of USD 50m on October 7. “Given the rapid evolution of cryptocurrency and unprecedented uncertainty from a macroeconomic and currency regime perspective, we believe […]

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Ethereum Bulls Attempting a Shot at $350, Breakout Incoming? (ETH Price Analysis)

October 8, 2020 | By | Reply | 8 Readers More
Ethereum Bulls Attempting a Shot at $350, Breakout Incoming? (ETH Price Analysis)

ETH/USD – Short-Term Consolidation Continues Key Support Levels: $336, $324, $317. Key Resistance Levels: $342, $365, $378 Ethereum has been trapped in a short-term symmetrical triangle pattern since mid-September. The coin failed to break above the upper boundary on Tuesday as it headed lower into the 100-days EMA. The support there has held over the […]

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Google Cloud bets on EOS blockchain, venturing further into crypto

October 8, 2020 | By | Reply | 9 Readers More
Google Cloud bets on EOS blockchain, venturing further into crypto

Blockchain is undergoing a critical turning point, shifting from an emerging technology into a useful business tool that enterprises want to incorporate into existing IT stacks. As more companies continue to explore how blockchain can help achieve digital transformation, major cloud service providers are showing increased interest.  For example, Google Cloud recently became a network […]

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