Monthly Archives: January 2020

Crypto News From Japan: Jan. 13-17 in Review

Binance looks to expand in the country, a new working group assesses security token offerings, and more headlined news in Japan this past week. This week’s news from Japan included additional comments against crypto trading from China, Binance’s potential involvement in Japan, positivity from the International Monetary Fund (IMF), more crypto exits from European Union (EU) regions, and stablecoin positivity from France. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. China reaffirms its stance against crypto trading Crypto-hostile China has […]

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Crypto Employment Abounds With More Than 8,000 Jobs in 2020

During the last year, the cryptoconomy has picked up pace after a drawn out crypto winter. When market prices were low and startups were short on capital, a bunch of firms laid off employees in 2018. A year later, and digital currency companies are hiring. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia Following Thousands of Lay Offs, Crypto Companies Start Hiring Again Cryptocurrency and blockchain-related jobs are becoming more abundant these days as the industry seems to be recovering from last […]

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Is Central Asia the New Safe Haven for Crypto Mining Amid Iran-US Crisis?

Are cryptocurrency mining operations moving from Iran to Central Asia in pursuit of stable cheap energy grids? Recently, the cryptocurrency mining community has been shaken with rumors of Chinese miners leaving Iran — where crypto mining is authorized as an industrial activity — for Central Asia. The move has ostensibly been taken in an attempt to find a new safe haven amid the tensions between the United States and Iran, as well as rising oil and energy prices. Iran’s attraction for crypto mining operations lies in subsidized […]

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New Guidelines Subject Canadian Crypto Exchanges to Securities Laws

Canadian regulators have issued new guidance determining when current securities legislation applies to operations conducted by cryptocurrency exchanges. According to the clarifications in the document, many domestic and foreign entities serving Canadian users, for example those that provide custodial services, will have to abide by the country’s securities laws and act like securities dealers. Also read: Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well CSA Tries to Explain When Cryptos Are Securities The Canadian Securities Administrators (CSA), a council of the regulatory bodies of […]

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Bitcoin Price Ready to Push Above Key Resistance to Hit $10,000

Bitcoin price is managing to hold $8,800 support, which means the recent upward trend can continue to $9.4K and $10K targets next. Bitcoin (BTC) price sees a tremendous start of the year as it surged 25% year-to-date. Not only has Bitcoin been flourishing over the past few weeks, but altcoins have also been following along. Will Bitcoin continue the upward momentum, or is it a temporary top close? Crypto market daily performance. Source: Coin360 Bitcoin breaks the 7-month downtrend The price of Bitcoin broke through the downtrend […]

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‘Weak Hands Are Out’ — Trader Who Called $20K Bitcoin Top Calls Bottom

Progress in 2020 has turned Bitcoin bullish, says Brandt, who now recommends potential investors hold up to 20% of their portfolio in the cryptocurrency. Bitcoin (BTC) investors who are waiting for a price dip to even $6,000 have “missed” their opportunity already, veteran trader Peter Brandt says. In a market discussion with Cointelegraph on Jan. 17, the 40-year market stalwart said that contrary to what some believe, BTC/USD has already hit its floor. Brandt: “The weak hands are out” “They all now want to sit and buy […]

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FATF Holds Global Forum to Discuss Crypto Supervision

The Financial Action Task Force (FATF) and over 50 delegations involved in crypto supervision recently gathered to discuss how to regulate crypto assets and related service providers. While examining three key areas, they stressed the importance of international cooperation, citing that cryptocurrencies are global products. Also read: Regulation Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia FATF-Led Discussion on Crypto Supervision The Financial Action Task Force held a “supervisors’ forum” in France last week to discuss crypto asset supervision. The aim of the forum was […]

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Bitcoin SV Drops 40% as Lawyer Admits Craig Wright Has No Private Keys

The altcoin Wright claims is the “realâ€� Bitcoin has lost investors who bought on Jan. 15 almost half their money. Controversial altcoin Bitcoin SV (BSV) has crashed 17% overnight after its main proponent failed to prove he has access to $9 billion in Bitcoin (BTC). Data from Coin360 and Cointelegraph Markets confirmed a difficult 24 hours for BSV holders, who saw huge gains over the past week as Craig Wright’s court case delivered fresh revelations.  Wright evidence “did not include” BTC keys After Wright had promised to […]

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New Analysis Finds That Mondays Are the Best Days to Buy Bitcoin

Bitcoin returns on investment differ based on what day of the week BTC was bought as well as other factors such as volatility and market cycle conditions. This week saw Bitcoin price (BTC) hitting the $9,000 barrier amid the launch of CME Bitcoin options and Plaid’s acquisition by Visa, reaching a record price for the last two months.  Bitcoin’s 27% price gain since the beginning of the year along with the future bullish scenarios laid down by investors may attract new crypto holders. But since BTC/USD is […]

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It’s Never Been Harder to Mine Bitcoin as Hash Rate Hits New Highs

Data from Glassnode strengthens the overall consensus that Bitcoin’s hash rate, despite being hard to measure, is stronger than ever before. The mean hash rate of the Bitcoin (BTC) network has hit new all-time highs to mark the cryptocurrency’s latest technical achievement, fresh data suggests. Compiled by monitoring resource Glassnode, a new analysis of Bitcoin’s historical hash rate shows that on Jan. 7, the mean value reached 119 quintillion hashes per second — its best ever at the time. Bitcoin hash rate (1-day moving average) versus price. […]

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