Just recently, cryptocurrency evangelist Roger Ver shared a video on Twitter that shows a number of vending machines in Hong Kong that accept bitcoin cash and ethereum, but not bitcoin. A bunch of people got upset at the Tweet, including the crypto-pundit Tone Vays because they couldn’t deal with the fact that onchain bitcoin transactions...Read More
When looking for financial assets that may appreciate in value over time, many different options can be explored. If Bloomberg analysts are to be believed, all one needs is Bitcoin and gold to make a steady profit. Most of the financial markets had their key weaknesses exposed in recent months. All You Need is Bitcoin...Read More
Bitfinex has responded to the latest amendments in the ongoing class-action lawsuit leveled against Bitfinex and Tether, calling the entire case, “baseless.” Bitfinex/Tether Denounce “Baseless” Lawsuit General Counsel for Bitfinex, Stuart Hoegner, labeled the lawsuit an “unproven conspiracy theory.” He said in an official company announcement on June 4: “The plaintiffs’ allegations remain untethered to...Read More
Ethereum witnessed a turbulent start in June 2020. Over the past 4 days, the second-largest token has reached as high as $253 in the charts but registered a massive pullback to $225 within 5 hours. The post Ethereum’s current price woes may soon correct itself appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
China-based bitcoin miners have started to migrate southbound from North China, according to local reports. The operators are having difficulties and are transitioning mining facilities for cheap hydro-powered electricity. Testimonials also show that 64 mining operations in the prefecture in Yunnan have been threatened by local authorities. Sources say a hydropower station discharge sparked a...Read More
The fourth-largest cryptocurrency – XRP, has largely been moving sideways for the last 30 days. Even on a higher time frame, the same can be observed. The price has touched multi-year lows in the last The post XRP’s 3-month consolidation nears its end appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
The month of May was filled with volatility as the price of Bitcoin kept swinging constantly. Despite the sell-off in the market, the value of BTC remained above the $9k resistance. While the first da The post Bitcoin, Ethereum perpetual contracts on Binance register growth appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
The protests over George Floyd’s death in the US have escalated well beyond the country’s borders are people from the entire world are showing their support. However, what started as a peaceful demonstration become something much worse, as looters have destroyed and robbed a multitude of stores throughout the country. Amid all this turmoil, someone...Read More
Switzerland, 4th June 2020. Swiss-based crypto platform Eidoo is upgrading its native utility token into a governance token that will power a new cross-chain DAO. In a collaborative decision by Eidoo and pTokens, the $EDO token will be upgraded into $PNT later this month so that it can be used, staked and earn interest within...Read More
Ethereum surged by 15% over the past week of trading as it reaches $243. The coin broke above an ascending triangle pattern to end the consolidation during the week. Against Bitcoin, Ethereum has broken the upper boundary of a wide symmetrical triangle. Key Support & Resistance Levels ETH/USD: Support: $240, $225, $220. Resistance: $245, $250,...Read More
Japan’s finance minister Taro Aso says he is opposed to reducing tax on bitcoin income to 20%, on par with stock dividends, arguing that most Japanese households find it difficult to invest in digital assets. The development suggests that Japan will uphold its current definition of cryptocurrency as miscellaneous income, whereby virtual currency is taxed...Read More
Cardano recorded 7% gains to reach $0.0917 in two days as bulls remain in charge The price is now facing a crucial resistance line on the hourly chart ADA/USD: Cardano Holds Weekly Support At $0.074 Key Resistance Levels: $0.0917, $0.095, $0.1 Key Support Levels: $0.082, $0.074, $0.07 ADA/USD. Source: TradingView Last week, Cardano saw an...Read More
Bitcoin is on course to reach and possibly break its all-time high level of $20,000 by the end of the year, says Bloomberg’s latest report. It adds that BTC has matured as an asset in the past several months, which is supported by the increasing number of similarities with gold and its performance during the...Read More
The debate on whether Bitcoin is like or unlike gold has been widely discussed and seems to be an overdone narrative. However, there have been analysts who have been trying to draw similarities and di The post Despite Bitcoin-Gold similarities, investors prefer latter appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
Hi, This is Qadir A.K, Crypto lover, and Research Columnist. With the emergence of the Cryptocurrency Industry to different corners of the world, every jurisdiction is making efforts to handle the Cryptocurrency into their financial system. There have been Updates, amendments and introductions happening around and this article aims to dissect the regulatory setup of...Read More
The drama surrounding one of the world’s largest Bitcoin mining equipment manufacturers, Bitmain, continues. According to recent reports, exiled co-founder Micree Ketuan Zhan used private guards to storm in the company’s Beijing offices today. Using ‘Brute Force’ To Enter Bitmain’s Offices The controversy around Bitmain’s leadership continues with full force. A video showing several uniformed...Read More
This week had been quite volatile, even for Bitcoin. After the primary cryptocurrency broke-up to the 2020 highs near $10.5K, followed by a quicker drop back below the same critical trend-line, BTC is left now at the same levels it was trading at for the majority of the past week. The bottom line is that...Read More
Bitcoin’s trading volume has experienced exponential growth which could reach levels similar to major asset classes, according to a new report by Coin Metrics. The cryptocurrency’s daily volume could exceed that of all U.S. equities in less than four years and all U.S. bonds in less than five years, the analysis shows. Bitcoin’s Volume Growth...Read More
After a brief sojourn above the $10,000-mark, Bitcoin, the world’s largest cryptocurrency, fell. However, at the time of writing, BTC was continuing to consolidate on the charts, with the crypto price The post XRP, Ethereum Classic, Dogecoin Price Analysis: 04 June appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
The President of the United States, Donald Trump, has tapped Hester Peirce for a second term as a member of the Securities and Exchange Commission (SEC) as her current one is set to expire on June 5th, 2020. Peirce is a vocal defendant of Bitcoin as she opposed the rejections of a Bitcoin-based ETF by...Read More
Jerome Powell, the current Chair of the US Federal Reserve, recently stated that an Ethereum-backed blockchain project operating as a reference rate – called AMERIBOR – could serve as a potential replacement to LIBOR. Blockchain Project To Replace LIBOR? The London Interbank Offered Rate (LIBOR) has a significant role in global finance. It’s utilized to...Read More
Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering. According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract “greater…regulatory focus” in a bid to rein-in alleged cross-border illicit financial transfers. Jeffries urged “the need for more uniform regulatory enforcement and compliance” as governments...Read More
Just recently Bitcoin.com’s Roger Ver donated $10,000 worth of bitcoin cash to the charitable organization Casa de Amparo, a 501(c)(3) charity that helps children escape child abuse and neglect. Since 1978, Casa de Amparo has offered a myriad of programs that help those affected by and at risk of child abuse in San Diego County....Read More
