Bitcoin has fallen below $9,000 for the first time in two weeks after breaching its 200-day moving average, which had been seen as a price support by some traders using technical analysis.
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Zcash Creator Donates Company Trademark to the Zcash Foundation
After launching Zcash in 2016, Electric Coin Company gave the Zcash trademark to the Zcash Foundation. Electric Coin Company (ECC) has donated the Zcash trademark to the Zcash Foundation. ECC created and launched the privacy-focused cryptocurrency Zcash (ZEC) in 2016, and will now own the trademark bilaterally with the corresponding...
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Why Did Bitcoin Price Drop Below $9,000? A Pivotal Weekend Ahead
Bitcoin finally broke below $9,000 but has managed to pare some loses prior to what will likely be a pivotal weekend that will determine where the price is headed. Bitcoin price (BTC) fell 5% today to a new weekly low at $8,660, a point which is also below the 200-day...
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Price Analysis 08/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
Several cryptocurrencies have turned down sharply from their overhead resistance levels. This is a sign of weakness. Though crypto markets are in a consolidation phase, the number of first-timers investing in this nascent space has almost doubled, according to data from Square Cash App. This is a positive sign as...
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Malaysia to Impose Cash Transaction Limit of $6K in 2020: Report
Malaysia’s 2020 cash restrictions will affect everything except humanitarian aid and regulated financial institutions. Malaysia is planning to impose a $6,000 limit on cash transactions in 2020, according to a deputy governor at the country’s central bank. The new restrictions aim to prevent the use of cash in illicit activities,...
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Bitcoin Price Diary: Long Bitcoin, Bullish on Altcoins – XLM, VET, ONE
Veteran trader opens a FOMO position on Stellar Lumens and a few other altcoins while Bitcoin price continues to trade sideways and numerous top-10 cryptocurrencies post gains. Altcoins have been inching their way deeper into my trading routine and this seventh entry of the crypto trading journal features a newly...
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Bitcoin Drops $300, Daily Losses Among Altcoins Reach 10%
After dipping below the $9,000 threshold, Bitcoin continued to see downward trend, down 5.6% over the day at press time. Falling below $9,000, Bitcoin (BTC) has seen another dip today and its price dropped over $200 in an hour.Alongside Bitcoin, the top 20 cryptocurrencies by market capitalization are seeing major...
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Chinese Police Hold MicroBT CEO Allegedly Over Dispute With Bitmain
Chinese police are holding the founder of Bitmain rival MicroBT over suspected allegations of intellectual property infringement. The founder of Bitcoin mining rig manufacturer MicroBT is being held as of Nov. 8 by Shenzhen Police to assist in an investigation, according to a local news source. Police are likely to...
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Power Ledger Strikes Deal to Roll Out Blockchain in South Australia
Power Ledger’s new commercial deal in South Australia aims to help users avoid additional hidden electricity costs and extra charges. Australian blockchain energy firm Power Ledger has partnered with a local energy retailer to roll out its technology in South Australia. Power Ledger’s blockchain-based software will allow Australians to pool...
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CipherTrace Urges Crypto Companies to Prepare for Anti-Money Laundering Compliance
Crypto companies will need to comply with FATF regulations by June 2020, but there are still many potential stumbling blocks. For better or for worse, the cryptocurrency space is coming of age. Since Bitcoin’s rise to mainstream prominence in 2015, there has been increasing recognition of digital assets from government...