A descending triangle pattern has been pressuring Bitcoin (BTC) for the past three weeks and while some traders cite this as a bullish reversal pattern, the $19,000 support remains a crucial level to determine the bulls’ fate. BTC-USD 12-hour price. Source: TradingView Despite the apparent lack of a clear price bottom, Bitcoin derivatives metrics have…
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Many outlets have reported Rishi Sunak could be one of the possible replacements for Boris Johnson, suggesting that crypto regulations could be central to the government’s agenda. Source link
Bitcoin (BTC) faces a new selling threat in the near future as users of defunct exchange Mt. Gox prepare to get their BTC back. In fresh correspondence dated July 6, attorney Nobuaki Kobayashi, appointed trustee in Mt. Gox rehabilitation process, confirmed that he was “preparing to make repayments” to account holders. Cash, Bitcoin or Bitcoin…
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Russia continues sending mixed messages about the legal status of cryptocurrency, with a parliament official urging the launch of crypto trading on the country’s largest stock exchange. The Moscow Exchange (MOEX) is the best match for hosting a regulated crypto exchange in Russia, according to Anatoly Aksakov, head of the Russian Banking Association and a…
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Sideways action has little time left to run, metrics suggest, as shorters increase bets on a dip below $20,000. Source link
From creating a music library for film and television to licensing blockchain-native content, projects are bringing music to the blockchain. Source link
This column’s goal has never been to provide investment advice on cryptocurrencies or other digital assets, nor has it been to provide individualized legal advice. It has mostly been about my desire to freely set forth in writing my thoughts on the state of the crypto market and the legal affairs surrounding it. Powers On……
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Luxembourg-based cryptocurrency exchange Bitstamp has scrapped plans to implement an inactivity fee after widespread outcries from users online. The exchange had previously announced at the end of June that it would enforce a €10 fee on inactive users on its platform with account balances valued at €200 or less from the beginning of August. The…
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A Bitcoin (BTC) experiment on the Isle of Man involving the Lightning Network, 25 schoolchildren, and a promise of a milkshake has yielded interesting results. At Willaston School on the Isle of Man (a British Crown Dependency nestled between the United Kingdom and Ireland), 25 year-6 students, one teacher and one teaching assistant participated in…
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Local think tank Infrawatch PH has sent a letter to the Philippines’ Department of Trade and Industry (DTI), urging the government agency to launch an investigation against crypto exchange Binance for promotions without permits. The letter alleged that the crypto exchange has been targeting Filipino consumers with unregistered promotions that are being casually posted on…
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