Bitcoin Price to Touch $4.2K After Q4 Sell-Off, Analyst Calls

A popular technical analyst believes that benchmark cryptocurrency Bitcoin would continue its decline for the remainder of this year. Twitter analyst Bitcoin Jack (BJ) on Tuesday said bitcoin is testing $7,880 as crucial support on the daily chart. It is therefore likely for the price to either bounce back from the said level or to […]

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Fidelity Wins Trading License in New York, Hurray to Bitcoin

Bitcoin adoption on Wall Street is looking real as a $2.8 trillion financial giant wins a license to trade and custody it. Boston-based Fidelity today announced that it has received permission from the New York State Department of Financial Services (NYDFS) to offer bitcoin trading and storage services. The move allows the giant to create […]

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Bitcoin is Speculation and Not Future of Money, Ex-ECB Chief Says

Jean-Claude Trichet, former president of the European Central Bank (ECB), said that he was strongly against Bitcoin and hinted that cryptocurrency purchases are no more than speculation, South China Morning Post reported on Sunday. Bitcoin is Not Real Speaking at the Caixin’s 10th annual conference in Beijing, Trichet said he was doubtful that Bitcoin and […]

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Elon Musk SpaceX IEO Appears On Suspicious LAToken Exchange

Increasingly questionable cryptocurrency exchange, LAToken, is currently listing an IEO purportedly run by Elon Musk for SpaceX. Although this would be many a tech-fan’s dream, closer inspection reveals that this is completely false. No, Elon Musk Is Not Launching A SpaceX IEO The offending Initial Exchange Offering was highlighted in a tweet by Cointelligence CEO, On […]

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Crypto Exchange Poloniex to ‘Spin Out’ from Circle

Poloniex, one of the earliest crypto trading platforms that targeted the US market will ‘spin-out’ from Circle. Despite the efforts to build a fully compliant market, Poloniex is shutting its doors for US-based traders from November. Polo Digital Assets, Ltd. Created to Take Over Crypto Exchange Business Poloniex will spin-off in a separate company, Polo […]

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Bitcoin Price Consolidation, And The SEC Spoils The Party

Japan was hit by Typhoon Hagibis this weekend, causing devastation and affecting both the Japanese Grand Prix and Rugby World Cup. So what has been causing devastation and affecting bitcoin and cryptocurrency markets for the past week? Bitcoin Price: Consolidation Station So it seems we are back in a consolidation phase, albeit around the lower […]

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FCA Pondering Crypto-Derivatives Ban – Bitcoinist.com

The UK’s Financial Conduct Authority (FCA) intends to ban crypto-related derivatives aimed at retail investors, according to a recent article published by The Economist. A consultation in this regard ended yesterday, and the verdict will be available early next year. FCA Concerned About Crypto Losses According to the Economist author, the British financial regulator is […]

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Three Things To Know About China’s Digital Yuan (Not a Cryptocurrency)

China’s central bank is reportedly making strides towards launching a digital currency (not a cryptocurrency) tied to the yuan. Here are three things to know about the proposed central bank digital currency (CBDC). Financial Monitoring and Control Anyone remotely familiar with China knows that electronic payments are already a huge part of the country’s socio-economic […]

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BitMEX Blocks Services in Three Countries amid CFTC Probe –

Cryptocurrency derivatives exchange BitMEX has discontinued offering services to the users of three countries. Fun fact: it has offices in those regions. BitMEX said in a statement issued today that it is limiting access to users residing in Seychelles, Hong Kong, and Bermuda. The Seychelles-based exchange stated that it decided to go ahead with its decision […]

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