Monthly Archives: January 2020

New SLP Telegram Bots Introduced to Bitcoin Cash Supporters

The Bitcoin Cash community was recently introduced to two new Telegram bots that use Simple Ledger Protocol (SLP) tokens within the messenger application. There’s a new SLP Telegram-based dice bot that claims to provide provably fair gaming and a developer has also launched an SLP dividend Telegram bot. Also read: Ross Ulbricht Supporters Auction Collectibles After BTC Price Wager Goes Sour Spicecasa: The First SLP Telegram Dice Bot Cryptocurrency-fueled Telegram bots have become quite popular and there are a bunch of applications that allow people to tip […]

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Ross Ulbricht Supporters Auction Collectibles After BTC Price Wager Goes Sour

Digital currency influencers have started an auction to raise money for Ross Ulbricht who is serving a double life sentence for his involvement with Silk Road. There are lots of unique items for auction including artwork, physical coins, and other collectibles. Additionally, the crypto community has been discussing a bet analyst Ronnie Moas made with Civic cofounder Vinny Lingham. Moas said that if BTC did not hit $28,000 by the end of 2019 he would be “happy to donate $20,000 to freeross.org.” However, Moas has reneged on […]

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Here’s What Must Happen for $9K Bitcoin Price in the Coming Months

Bitcoin is showing signs of bottoming after its latest rebound above $7,000 as several key hurdles remain for the bulls five months before the halving. Bitcoin (BTC) made a sudden jump of 8% yesterday and is currently hovering at around $7,300. As the price bounced from $6,900, a higher low is presenting itself on the chart, but does this mean that the bottom is there?  Crypto market daily performance. Source: Coin360 Bitcoin still stuck in sideways range and downtrend BTC USD 1-day chart. Source: TradingView The price […]

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Crypto Fundraising Is Changing Again in 2020

Funding is a prerequisite for any new crypto project, but with IEOs likely to play a reduced role in 2020, where will the all-important capital come from? While minted entities like Ripple, Tezos, and Tron certainly have the means to plow tens of millions into their chosen ventures, they can’t be expected to finance an ever-expanding ecosystem. Alternative token distribution and capital-raising strategies are therefore under exploration. Also read: After Blockstack’s Regulated Offering, Where Now For US Token Sales? What 2020 Holds for IEOs Initial exchange offerings […]

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SEC on ‘Unfounded Fishing Expedition’ — Telegram Lawyers Tell Judge

The latest spat in a long-running dispute with the regulator sees a judge demand Telegram respond to its request for bank account figures within hours. Lawyers representing encrypted messaging app Telegram have requested a United States court throw out regulator demands for its bank accounts. In a letter to Judge P. Kevin Castel at the Daniel Patrick Moynihan United States Courthouse in New York on Jan. 3, Skadden, Arps, Slate, Meagher & Flom LLP described the request from the Securities and Exchange Commission (SEC) as an “unfounded […]

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Thanks Boomer? Bitcoin-Friendly Generations to Inherit $70 Trillion

Data from Coinshares underscores the wealth from days gone by which will ultimately fall into the hands of those who are sympathetic to Bitcoin as sound money. Bitcoin (BTC) aware Millennials are set to inherit almost $70 trillion of value from the Baby Boomer generation by 2045. Data compiled and originally released in a November 2019 report by digital asset management firm Coinshares revealed those who grew up with Bitcoin will soon benefit from savings worth over three times the United States’ GDP. “Boomers” to pass on […]

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IMF Helping Philippines Become Important Crypto Market

The International Monetary Fund (IMF) is providing the Philippines with technical assistance regarding crypto assets. The IMF believes the country may become an important crypto market and has provided the Bangko Sentral ng Pilipinas with suggestions for the country’s crypto regulation, including quarterly data collection from approved crypto exchanges. Also read: Regs Roundup – China Blockchain ETF, New French Crypto Rules, Tokens Money in Russia IMF Helping Philippines’ Central Bank The International Monetary Fund published a 34-page Technical Assistance Report on the Philippines this week as part […]

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Burger King Venezuela Starts Bitcoin Payments in First of 40 Stores

A partnership with merchant gateway Cryptobuyer sees the first Burger King restaurant begin taking six cryptocurrencies, with others to follow this year. Bitcoin (BTC) has come to Burger King in Venezuela as a new partnership opens up cryptocurrency payments at the fast-food chain. Confirmed in a tweet on Dec. 30, a single Burger King branch in the Sambil area of Caracas now accepts Bitcoin, along with altcoins Ether (ETH), Litecoin (LTC), Binance Coin (BNB) and Dash (DASH), as well as stablecoin Tether (USDT). Altcoins, Tether join BTC […]

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Bitcoin Selling for $24,000 in Iran Based on ‘Official’ Exchange Rate [UPDATED]

Bitcoin is selling for over $24,000 in Iran on the Localbitcoins platform based on the official exchange rate, but here’s why this metric can be misleading. Update (04:00 EST): This article was updated and corrected to explain how the official exchange rate distorts reported Bitcoin prices in Iran.   Iran-based sellers on peer-to-peer trading platform LocalBitcoins are currently asking for around 1 billion Iranian rials or over $24,000 per Bitcoin (BTC), based on the official exchange rate from the country’s central bank.  But is this really the actual […]

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5 More Bearish Candlestick Patterns Every Bitcoin Trader Must Know

Here are five more bearish candlestick patterns that every Bitcoin and crypto trader should recognize to protect against losses and take their trading skills to the next level. Many traders like to play both sides of an asset’s price action. But in order to play the bullish and bearish trends, one needs to be aware of the positive and negative signals contained within various candlestick patterns.  Knowing how to interpret candlesticks adds insight to the signal provided by various technical analysis indicators and the path a digital […]

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