Bitcoin (BTC) Price Watch: Reversal Pattern Confirmation on SEC Order

Bitcoin Price Key Highlights Bitcoin price looks ready to confirm its double bottom reversal formation as it tests the neckline. A break higher could lead to a rally that’s the same height as the chart formation, which spans $6,100 to $6,650. Technical indicators, however, are reflecting bullish exhaustion. Bitcoin price could be due for an uptrend as it tests the neckline of the short-term double bottom formation. Technical Indicators Signals The 100 SMA recently crossed below the longer-term 200 SMA to signal that the path of least resistance is to…

Read More

Bitfury Launches New Generation of ASIC-Based Bitcoin Mining Hardware

Bitcoin (BTC) mining software manufacturer Bitfury Group has launched a new generation of its BTC mining hardware based on its Application-Specific Integrated Circuit (ASIC) chip Bitfury Clarke, according to an announcement published September 19. An ASIC chip is a piece of mining hardware geared to mine digital currency based on a specific hashing algorithm. An ASIC is tailored for a particular use, rather than for general-purpose use. The Bitfury Clarke ASIC will be sold individually in addition to being integrated into Bitfury’s other BTC mining hardware, including its mining servers…

Read More

Bitcoin Cash Price Analysis: BCH/USD Breaks Above Key Resistance

Key Points Bitcoin cash price rallied and broke a major resistance near $440 against the US Dollar. Yesterday’s highlighted important bearish trend line was breached at $435 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently correcting lower, but dips near $445 and $440 remains well supported. Bitcoin cash price moved into a positive zone above $440 against the US Dollar. BCH/USD dips towards the $440-445 zone could find a strong buying interest. Bitcoin Cash Price Analysis Yesterday, we discussed a crucial resistance…

Read More

EOS 1.3.0 Release Outshines NewDEX Hack, EOS Stable

Overly, EOS price analysis point to recoveries and EOS is technically stable following yesterday’s four percent gain. Not to be derailed by dApps vulnerabilities from NewDEX, EOS traders should look at on-chain developments following the recent EOS 1.3.0 release. The upgrade seeks to strength the network aside from making it easy for full nodes to sync. EOS Market Cap Latest EOS News: Unfortunately, there is no room for error in blockchain. Exchanges are prime examples of what happens when lurking hackers sniff out a weakness. It doesn’t matter the level…

Read More

Altcoins Clip Bitcoin Dominace as ADA Adds $300 Million

Today’s focus is on the price of Cardano, which appears to be bottoming out. Like developments in Tron and Litecoin, it’s clear that there is a rejection of lower lows and behind these rejections are high volumes moving prices across wide ranges. If Cardano edge higher, then odds are Litecoin, Stellar Lumens, IOTA and Tron would follow suit benefiting buyers. Cardano Market Cap Litecoin Price Analysis Latest developments: Charlie Lee, the controversial founder of Litecoin took to twitter to “address” the concerted efforts by “groups”keen on watering down Litecoin valuation.…

Read More

International Anti-Money Laundering Standards for Crypto Expected in October

The Financial Action Task Force (FATF) said it is getting closer to the establishment of a global set of anti-money laundering (AML) standards for cryptocurrencies, Financial Times reported September 19. The FATF is an international organization established in 1989 at the initiative of the G7 in order to develop policies and standards to fight money laundering. The agency’s scope of activities further expanded to combat terrorism financing. The FATF currently comprises 35 member jurisdictions and 2 regional organizations. The agency’s president Marshall Billingslea reportedly said that he expects the coordination…

Read More

US Lawmakers Say IRS Too Focused on Enforcement, Should Provide Clarity for Crypto Taxation

U.S. lawmakers have called on the Internal Revenue Service (IRS) to issue clarified and “comprehensive” crypto taxation guidance, in an open letter submitted yesterday, September 19. The letter was sent to acting IRS commissioner David Kautter by Congress members David Schweikert, Darin LaHood, and Brad Wenstrup, Kevin Brady and Lynn Jenkins from the Committee on Ways and Means. It opens by calling attention to a prior letter sent by the representatives in May of last year, which had already questioned the agency’s lack of a comprehensive crypto taxation strategy. Since…

Read More

Major Russian Banks Highly Interested in ‘Working With Crypto,’ Local Sources Say

Several large Russian banks have expressed their strong interest in working with the industry of cryptocurrency and blockchain during a closed-door meeting held at the Moscow Exchange, sources told Russian news site RBC September 19. As an unnamed source familiar with the matter told RBC, the demand for cryptocurrencies in Russia is very high, but the banks are not able to meet it due to the lack of clearly defined regulations. Because of that, the representatives of the Russian banks present at the meeting have talked to regulators from Japan,…

Read More

Streaming Platform for Gamers Starts Public Beta Testing of Its Own Blockchain

On Sept. 19, the Play2Live streaming platform for gamers and esports fans has officially announced the launch of the open beta testing of their blockchain streaming platform to the general public. The new blockchain platform aims to let participants benefit from monetization schemes — involving streamers, viewers and esports tournament organizers. As Play2Live told Cointelegraph earlier, “Everybody can be part of the peer-to-peer interaction, and everybody,  even the viewer, is able to earn money.” Gathering gamers and influencers As the company reported to Cointelegraph, on Aug. 15, the access to…

Read More

UN Women to Use Blockchain Technology in Refugee Work Program in Jordan

UN Women — a United Nations entity for gender equality and empowering women — will use blockchain technology for cash transfers in Jordanian refugee camps, according to a UN press release September 18. Per the announcement, UN Women in partnership with the World Food Programme (WFP) will use blockchain technology for money transactions at Za’atari and Azraq camps. The cumulative population of both camps is over 115,000. Women refugees participating in the UN Women cash for work program will be able to obtain their money directly without the assistance of…

Read More