Bitcoin Price Analysis: BTC Bounces But Bears Still in Control

Bitcoin price just pulled off a nice 10% bounce with the next level of resistance at $3,700. Let’s take a look at what can happen next? Bitcoin Price: Market Overview Bitcoin price 00 dropped to a new yearly low at $3,210 and the overall market cap now rests at $110.6 Billion. Clearly, bears are still running the […]

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Wyoming Passes Blockchain Bank Bill Despite Industry Opposition

Despite serious opposition from the banking industry, the state of Wyoming has passed a blockchain bank bill almost unanimously. The move further cements the state’s welcoming approach to blockchain integration. 13-1 Majority to Pass the Bill The state of Wyoming has a reputation for being welcoming towards blockchain technology. This reputation was strengthened by a legislative […]

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India Ready to Unveil Cryptocurrency Law Next Month

The government of India may provide clarity on cryptocurrency regulation as soon as next month with a new draft bill now in the works. Clarity Soon Citing a counter-affidavit issued by India’s Prime Minister Narendra Modi, Quartz reports that the country’s government is likely to provide some clarity on the matter of cryptocurrencies sometime in the […]

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BREAKING: Japan Allows Cryptocurrency Industry To Regulate Itself

Japan has given formal approval for its cryptocurrency industry to regulate itself, the Japan Virtual Currency Exchange Association (JVCEA) confirmed October 24. JVCEA Can Police Exchanges In a significant development for the country, regulators opted to allow the JVCEA to ensure cryptocurrency exchanges followed legal requirements, a statement reads. Under the deal, the body will also have […]

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China Wants To Stop Anonymous Blockchain Use: Reports

New cybersecurity rules currently out for public consultation in China would notionally force users to provide their real identity to use any kind of Blockchain-based service. Blockchain? You’ll Need Your Name And ID As South China Morning Post (SCMP) reports quoting local media sources, the Cyberspace Administration of China is currently seeking feedback on the proposals, […]

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U.S. Federal Election Committee Considers Request to Mine Cryptocurrency for Political Campaigns

Candidates for the 2020 presidential election may be able to accept cryptocurrency mining profits as campaign donations.  Could Mining Reform Political Campaigning? Osia Network, LLC, recently made a request to embed cryptocurrency mining tools on the FEC website and the U.S Federal Election Committee (FEC) is considering whether or not mining profits could be used […]

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‘Nothing At All’ Going on With Crypto Regulation, Says D.C. Insider

Despite the growing importance of the cryptocurrency industry, the US government’s position on crypto regulation remains frustratingly opaque. According to a D.C. insider, a movement towards real regulation or greater regulatory guidance is still quite far away. Had drinks yesterday with a friend who’s deeply connected in DC. Me: “what do you hear about crypto […]

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Cyprus Securities Watchdog Launches Blockchain Innovation Hub

Cyprus’s Security and Exchange Commission is exploring options to take advantage of financial innovation while maintaining regulatory oversight over a dynamic, and ever-changing, blockchain and cryptocurrency industry. Due to its strategic location, Cyprus has long been a unique financial hub for Europe. Over the past few years, the Mediterranean nation has rapidly become a hotspot for […]

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SEC Will Review Wednesday Decision to Reject BTC-ETF Proposals

The SEC has decided to review yesterday’s orders denying approval of numerous Bitcoin exchange traded funds. Is There a Light at the End of the Tunnel? In what is sure to be surprising news for all, the U.S. Securities and Exchange Commission (SEC) has decided to place a stay on three orders that rejected Bitcoin […]

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South Korea Moving Towards Cryptocurrency Acceptance

South Korea is continuing to legitimize and embrace cryptocurrency through a careful and considered approach. ‘The regulator isn’t opposed to cryptocurrencies’ On May 19, Bitcoinist reported that Korean regulators had agreed to apply the G20’s set of “unified regulations” in regards to cryptocurrencies. South Korea’s Financial Supervisory Service (FSS) stated at that time: It’s almost certain […]

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