Business

Bitcoin Price Pinned Below $8,200 as Bulls and Bears Fight for Control

[ad_1]  Weekly crypto market data. Source: Coin360As the weekly close approaches Bitcoin remains pinned in the $8,300 to $7,800 range. For the past few days, the digital asset has made lower daily highs and it no longer rides along the 20-MA of the Bollinger Band indicator on the 4-hour chart. Basically, Bitcoin is losing steam and now struggles to pierce $8,200 as trading volume dries up and the Bollinger Bands tighten.
Business

Sept. 30 – Oct. 5 in Review

[ad_1] The German-speaking world has experienced another week full of exciting developments in the crypto industry, with Liechtenstein approving the new Blockchain Act, Iota Foundation joining the European climate research community and Germany taking a firm stand against stablecoins.Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch.Liechtenstein approves new Blockchain ActOn Oct. 3, the Parliament of Liechtenstein approved the Token
EXCHANGES

McAfee to Launch Decentralized Token Exchange With No Restrictions

[ad_1] On the heels of launching his crypto platform, McAfee Magic, the former antivirus software tycoon John McAfee plans to launch a distributed exchange on Monday, October 7. ‘McAfeedex’ will run on the Ethereum blockchain and McAfee insists the exchange will have no restrictions. Also Read: Protesters Wield Tools of Freedom as Hong Kong Imposes Dictatorship John McAfee Is Launching a Decentralized Exchange Called McAfeedex In June John McAfee launched
Business

Liechtenstein’s Parliament Unanimously Approves New Blockchain Act

[ad_1] Liechtenstein’s Parliament has unanimously passed the Act on Tokens and Entities Providing Services Based on Trusted Technologies (TVTG), also known as the Blockchain Act.Pioneer in comprehensive regulationOn Oct. 3, the Parliament of Liechtenstein approved the Blockchain Act, which aims to improve investor protection, combat money laundering and establish clarity. The new law will enter into force on Jan. 1, 2020. The parliament’s announcement claims that this act will make
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This Bitcoin Price Chart Provides A Shocking Revelation

[ad_1] Most bitcoin traders and analysts comment on BTC price charts wrt metrics already known or adequately discussed. However, there is an aspect that is rarely brought up in technical discussions. It provides a shocking yet convincing definition of bitcoin’s upcoming price action. The Bitcoin Chart They DON’T Want You to See That is the title of popular analyst Alessio Rastani’s latest bitcoin price video, and it is pretty apt.
Business

Former U.S. Army Interpreter Gets 30 Years for Dark Web Fentanyl Trade

[ad_1] A former interpreter for the United States military forces was sentenced to 30 years in jail for dealing fentanyl, which led to the death of a U.S. Marine.Drugs paid for with cryptocurrenciesAccording to a Reuters report from Oct. 3, a former Iraqi U.S interpreter was sentenced to 30 years in federal prison without the possibility of parole for using the darknet to sell fentanyl. Alaa Mohammed Allawi pleaded guilty to
Business

Tether and Bitfinex Expect a Market Manipulation Lawsuit: Official

[ad_1] Stablecoin firm Tether and its affiliate exchange Bitfinex anticipate a lawsuit alleging that Tether token (USDT) is involved in market manipulation as the result of an unpublished paper.Tether and Bitfinex to defend its positionOn Oct. 5, both Tether and Bitfinex published statements claiming that they had become aware of an unreleased paper “falsely positing that Tether issuances are responsible for manipulating the cryptocurrency market.” Both firms argued that findings and
EXCHANGES

Turkish Government Freezes Over 3 Million Bank Accounts

[ad_1] Hundreds of thousands of businesses and individuals with tax obligations to the Turkish state have received foreclosure notices this week informing them about their frozen bank accounts. The government of Turkey, which is struggling with financial and economic problems under geopolitical pressure, is likely to push even more of its citizens towards cryptocurrencies with the move that comes instead of the promised help to restructure the debt. Also read:
BLOCKCHAIN

What’s Next for the Industry as ‘Crypto Winter’ Thaws?

[ad_1] It’s hard to tell who was the first to coin — if you’ll forgive the pun — the name for the dramatic price drop of Bitcoin (BTC) and altcoins as the “crypto winter.” But the name accurately captures the simultaneous collapse of around 2,000 global cryptocurrencies that lost a total of 80% of their aggregate market cap. The term “crypto winter” probably came into more widespread use after BTC’s price
Business

Most Top-20 Coins See Slight Red as Bitcoin Price Slips Below $8.1K

[ad_1] Saturday, Oct. 5 — crypto markets are trading sideways today, with most of the top 20 coins by market cap seeing losses and Bitcoin (BTC) dipping below $8,100.Only three coins out of the top 20 cryptos are up over the past 24 hours at press time, with Iota (MIOTA) seeing the largest gains of over 2.3%. In contrast, Algorand (ALGO), the 17th crypto by market cap, is down the