After $2,000 Drop, Bitcoin Could Undergo a Strong Bounce For These 4 Reasons

Bitcoin has sustained a heavy correction over the past few days. At the local lows, the leading cryptocurrency was trading at $9,800. At current, BTC is trading for $10,100 as buyers have stepped back in. дальше »

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Here’s Why Yearn.Finance (YFI) Remains Long-Term Bullish After 35% Drop

Yearn. finance (YFI) remains in an advantageous position despite its strong correction from local highs, analysts say. Like Bitcoin, Ethereum, and other top digital assets, YFI has faced a strong retracement over recent days as legacy markets have been crushed by a rising dollar. дальше »

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Latin American Country Brazil Looks to Introduce Its CBDC Soon

The Brazilian central bank said the country could release a central bank digital currency by 2022, according to local reports. A Brazilian CBDC Brazil is the latest country in a long line to jump on the nationalized digital currency bandwagon. дальше »

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Blockchain data: Ethereum’s Yearn.finance (YFI) has room to rally after record rally

Even amid the ongoing Bitcoin and Ethereum correction, which has brought the two cryptocurrencies down 11 percent and 19 percent from their local highs, respectively, Yearn. finance (YFI) has held up well. дальше »

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CBDC Less Than Two Years Away Says Brazilian Central Bank President

Although Brazil is a recent entrant to studying digital currencies, its central bank’s president says the country could launch one as soon as 2022. Per local news outlet Correio Brazilienese, president Roberto Campos Neto has indicated that digital currencies will be “the future of the financial system. дальше »

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Here’s Why An Analyst Is Eyeing a Bitcoin Drop Toward $9,750

Bitcoin sustained a strong drop on Thursday after peaking at $12,000 earlier this week. The leading cryptocurrency now trades for $10,300, having collapsed around 15% from the local highs. BTC closed its daily candle below pivotal support levels, a technical signal that does not bode well for bulls. дальше »

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There’s an “Unusual” Amount of Bitcoin Sellling Pressure From Miners

Bitcoin took a strong dive during Wednesday’s trading session. The asset fell from the $12,075 highs of the day prior to a local low around $11,200, marking a 7% correction. The leading cryptocurrency remains near the lows as buyers have yet to step in en-masse. дальше »

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Pizza & Hot Dogs: How Uniswap’s Profit Buffet Can Burn Crypto Investors

The DeFi space has taken some wild twists as of late, causing crypto Twitter feeds to look a lot more like a menu at a local dining establishment. The bizarre world of decentralized finance and yield farming tokens has taken a turn for the weirder, bringing about a flurry of food-named crypto assets on Uniswap. […] дальше »

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Bithumb Raided by Korean Police as Fraud Investigation Continues

Authorities in Seoul have reportedly raided the offices of Bithumb, the largest cryptocurrency exchange in South Korea. According to local news outlet Seoul Shinmun, a special crime unit at the Seoul Metropolitan Police Agency conducted a search and seizure operation at Bithumb’s headquarters in the Gangnam District on Sept 2. дальше »

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Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation

Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to N430/$ next year, according to two Bank of America analysts. дальше »

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Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners

In mid-August officials from the Chinese province of Sichuan approved a number of enterprises that mine bitcoin for legal hydropower consumption in the region. Following the local government of Ya’an city deciding to foster mining, officials from Chengdu recently spoke about welcoming crypto mining at the Hashcon 2020 event as well as bolstering a blockchain […] The post Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners appeared first on Bitcoin News. дальше »

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South Korea Steady in Their CBDC Plans, Searching for a Local Consulting Partner

The central bank of South Korea, the Bank of Korea, is moving towards the technical phase in their concerted effort to pilot a central bank digital currency (CBDC)–the digital won, and will pick a consulting partner a month after completing the review of the first phase reports The Korea Times on Aug 31. дальше »

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Malaysian Police Shut Down Crypto Mining Operation for $600k Electricity Theft

Sept 1, 2020 — Two Malaysian cryptocurrency mining facilities have been raided by law enforcement for an alleged electricity theft totaling more than $600k. According to reports by local news outlet The Star, the raids were conducted as a joint operation between Malaysia’s Energy Commission, the Tenaga Nasional Berhad (TNB) power utility firm, and local […] The post Malaysian Police Shut Down Crypto Mining Operation for $600k Electricity Theft appeared first on BeInCrypto. дальше »

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Bank of Korea Set to Select CBDC Pilot Program Consulting Partner

South Korea’s central bank has disclosed details for a proposed consulting partnership as part of its second stage of preparation for launching a central bank digital currency (CBDC). According to the Bank of Korea (BOK), the desired consulting partner will be a local firm that will help the BOK build the architecture for the proposed […] The post Bank of Korea Set to Select CBDC Pilot Program Consulting Partner appeared first on BeInCrypto. дальше »

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Why Japan’s crypto traders chose Bitcoin over alts earlier this year

A new study from a Japanese crypto exchange showed the country’s crypto fanatics favored Bitcoin ahead of local favorites XRP and Monacoin, with trading volumes for the former significantly higher than the latter two and other altcoins. дальше »

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Russia’s Crypto Mining Farms Would Have to Report to Government Under Proposed Bill

Russian wants all data centers, including mining farms, to report what they do and how they operate. Local experts say that brings risk. дальше »

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Yearn.finance (YFI) Shows Signs of Posting Local Top Following $40,000 Rejection

Yearn.finance has been one of the strongest and fastest-growing DeFi protocols within the crypto market, which has been reflected in the price of the YFI governance token. YFI has seen parabolic growth throughout the past few weeks and months, with the cryptocurrency rallying from well-under $1,000 just a couple of months ago to highs of […] дальше »

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Why This Trader Thinks Ethereum Could Plunge 20% Despite $400 Break

Both Bitcoin and Ethereum have pushed higher after the local lows on Thursday. Both digital assets are up around 5% from those lows, with BTC pushing to $11,600 and ETH to $400. This move brings Ethereum, especially, above the pivotal $400 resistance. дальше »

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Ripple Sued by 13 Australian Banks for Trademark Infringement

Ripple Labs Inc. is being sued in an Australian court for allegedly infringing a trademark belonging to several local banks. A lawsuit filed by the New Payments Platform Australia (NPPA), a joint venture between the Reserve Bank of Australia and 13 domestic banks, claims that Ripple copied its PayID brand. дальше »

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Russia: Banking Giant Sberbank Taps Blockchain to Tokenize Travel Agent Payments

Russia is looking to automate travel agency payments using blockchain technology. Using Smart Contracts to Automate Payments According to a report by local outlet Air Transport Review, Russia’s S7 Airlines has inked a partnership with the country’s largest bank, Sberbank, to fully automate travel agency payments through distributed ledger technology (DLT). дальше »

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Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades

Police in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well as other sites elsewhere. дальше »

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How the Battle for Thailand Is Being Fought on Twitter

The Thai government and pro-democracy protesters are at war over social media. Authorities blocked local access to a Facebook group that was critical of the monarchy. Young protesters now fear the military government is interfering with Twitter as well. дальше »

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South Korean Exchange, Coinbit, Accused Of Wash Trading 99% Of Its Volume; Profited Close to $84 Million

One of Korea’s largest cryptocurrency exchange is under investigation after the Seoul Metropolitan Police found evidence of wash trading of over 99% of its volumes. According to local reports from Seoul Shinmun, the police have seized Coinbit exchange headquarters in Gangnam district and some property around the country as investigations continue. дальше »

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A Blockchain company in Seoul may be ground zero for a fresh resurgence of COVID-19

A major South Korean tech hub is under scrutiny by local health authorities.

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The Trials of China’s DCEP Focusing on Retail Transactions: Report

The experimental test of China’s sovereign digital currency is currently focused on small retail transactions and hasn’t expanded to large volume transactions yet, said the country’s central bank as reported by local media. дальше »

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Binance Taps DeFi Excitement to ‘Fuel’ Expansion Strategy in India

Binance is looking to accelerate business development in India during the local 2020 bull run – with an acute focus on decentralized finance. дальше »

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Google busts firm running a $1.2 million Bitcoin scam

Tech giant Google rescinded the license of a Philippines business running a scam involving Bitcoin and gift cards over the weekend, according to local reports. The post Google busts firm running a $1. дальше »

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Here’s Why Bitcoin May Not Fall Much Lower Than $11,000: Analyst Explains

While Bitcoin has bounced from the local lows of $11,400, the asset remains below some crucial resistance levels. This has led some analysts to suggest that BTC is still poised to correct lower. Many analysts are eyeing $10,500, as that’s where the cryptocurrency truly began the rally $12,000. дальше »

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Crypto Derivatives Exchange BitMEX to Block Ontario Traders

The veteran cryptocurrency derivatives exchange is to block users in Ontario, apparently at the behest of the local securities regulator. дальше »

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This Indicator Is Still Adamant Chainlink (LINK) Is Poised to Drop Further

Chainlink surged on Saturday after plunging around 25% from its local highs near $20. The asset reached approximately $16, bouncing from the $14 lows. LINK is down on Sunday, trading 5. 5% lower in the past 24 hours. дальше »

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Iran Shuts Down 1,100 Illegal Bitcoin Miners; Whistleblowers Rewarded $2,400

Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly shut down 1,100 illegal bitcoin mining farms in the country, local media reported. Whistle-blowers tipped off authorities on unauthorized miners following a July announcement of rewards including 100 million rials (about $2,400). дальше »

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Analyst Who Predicted Bitcoin’s $3,000 2018 Low Thinks Ethereum Is Bullish

Bitcoin and Ethereum are bouncing higher after this week’s strong correction to the downside of 9% and 14%, respectively. The price of ETH, in particular, has bounced to $395 from the local $380 lows. дальше »

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Why a Bloomberg Analyst Thinks Bitcoin Is “Tilted” Towards Rallying Even Further

Bitcoin’s rally has stalled after hitting $12,500 on Monday. As of this article’s writing, the price of the leading cryptocurrency is $11,800. This is $700 shy of the local high. The recent drop has scared some analysts, with some arguing that a drop towards the $10,000 is possible. дальше »

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Qtum hits new year-to-date high as price surges by 30%

QTUM/USD reached a new local high of $5.40 before retracing to around $4.55 Qtum...

The post Qtum hits new year-to-date high as price surges by 30% appeared first on Coin Journal.

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There’s a Mass of Analysts That Think Chainlink (LINK) Will Drop After Falling 25%

Chainlink has suffered a strong retracement since the $20 highs it saw last week. The altcoin is now trading for $16, 20% below the local highs, after it suffered a flash crash. There are few traders willing to take short positions on the cryptocurrency due to its explosive volatility. дальше »

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China to Stress Tests Its DCEP With High Volume Transactions; See If It Can Handle the Load

Chinese local news reports indicate China’s digital RMB test runs are currently ongoing in Shenzhen and Suzhou in Jiangsu province. The tests are currently limited to non-complex use cases such as retailing, catering, and topping up transport cards. дальше »

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South Korea’s Crypto-Friendly Island Selects ICON for Coronavirus Tracing App

An influential South Korean project is partnering with the local government to develop a blockchain-based application for coronavirus tracing, according to a release Wednesday. ICON Partners with Jeju Islands ICON, a South Korean player in the blockchain and cryptocurrency space, announced that Jeju Island, the country’s most popular domestic tourist destination, will use its DecentralizedRead MoreRead More. дальше »

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Singapore: Code of Practice Offers Practical Guidance for Crypto License Applications

Singapore’s crypto industry association is providing resources for local firms as they navigate new regulatory requirements.

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Why It’s “Hard” for This Analyst to Be Bullish on Ethereum as Price Flirts With $400

Ethereum has corrected with Bitcoin over the past day. Both cryptocurrencies have dropped just under 10% from the local highs. As of this article’s writing, ETH trades for $408, a price 4. 5% lower than it was 24 hours ago. дальше »

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Bitcoin May Be Poised to Bounce After $800 Correction Due to These 4 Reasons

Bitcoin has undergone a stark correction since the ~$12,400 peak on Monday. As of this article’s writing, the leading cryptocurrency trades at $11,700. This is $700 below the local high, though the asset fell as low as $11,600 earlier today. дальше »

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Here’s What Top Analysts Think About Bitcoin After It Corrected 7%

Bitcoin has not performed well in the past 24 hours. After peaking at $12,400 on Monday, the leading cryptocurrency’s price action has rapidly reversed. As of the time of this article’s writing, BTC trades for $11,800 — around $600 before the local highs. дальше »

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Rostelecom and Waves Enterprise develop federal blockchain-based e-voting system

After recent local pilots of blockchain-based e-voting used for Russian constitutional referendum – used in the Moscow and Nizhegorodskaya area – a new blockchain voting system will be introduced on the Russian federal level. дальше »

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Turkey Residents Panicking Over Massive Inflation

Turkish are losing faith in its local fiat currency, with confidence in the lira falling 20% this year.

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Chainlink, ETC, Dogecoin Price Analysis: 18 August

Chainlink's price dipped alarmingly, registering close to 20% loss within an hour. This action happened hours after Bitcoin reached a local high of $12,499. Ethereum Classic, on the other hand, saw reThe post Chainlink, ETC, Dogecoin Price Analysis: 18 August appeared first on AMBCrypto. дальше »

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Chainlink Just Flash Crashed 20%: Here’s What’s Next For LINK

Chainlink (LINK) has finally undergone some price weakness after a record-setting rally. The asset plunged 20% in the span of 30 minutes according to data from TradingView. com. The asset moved from just shy of its local highs at around $18. дальше »

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Ethereum Price Falters Around $430 as ETH2 Testnet Experiences Outage

Ethereum’s price has begun to falter after surging higher late last week. The cryptocurrency trades at $430 as of this article’s writing, which is a few percent below and a few percent above the local highs and lows, respectively. дальше »

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South Korea: Major Banks to Start Offering Crypto Custodial Services

Leading South Korean lenders are now putting preparation in top gear to roll out custodial services for bitcoin and other digital assets. The move follows the government’s recently amended Special Financial Transactions Information Act, according to a report by local news platform, MTN on August 13, 2020. дальше »

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Is Bitcoin Correcting or Just Cooling Off?

The Bitcoin (BTC) price has been retracing since getting rejected by the $12,000 level on Aug 2 and Aug 10. It is not yet clear if the current movement is corrective or an impulse that will bring new local highs. дальше »

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Ethereum rally takes price to 2020 high at $431

ETH/USD has hit a new local high at $431 and could extend to higher...

The post Ethereum rally takes price to 2020 high at $431 appeared first on Coin Journal.

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Japanese City Now Using LoGo Blockchain App for Government Administration Purposes

Authorities in Kaga City, which is located in the  Ishikawa Prefecture of Japan, are now using a blockchain-powered application called Local Government Form Electronic Application (LoGo) to run the city’s key administrative procedures, according to a press release on August 13, 2020. дальше »

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