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Bitcoin Price Rallies to Set a 2020 High Near $9.5K – Is $10K Next?

[ad_1] Bitcoin (BTC) price has rallied to $9,439 and bulls have again shown that they have no intention of letting the crypto market’s most valuable asset stay below the $9K mark. Bitcoin daily price chart. Source: Coin360Earlier in the day Bitcoin’s price dropped below $9,000 to a daily low at $8,879, which led some analysts to issue dismayed calls for a revisit and consolidation around the $8,300 to $8,500 range. While the
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Cardano Inches to Smart Contract Implementation with New Paper

[ad_1] Cardano (ADA) revealed a new paper on Jan. 27 in which the firm details how smart contracts will be implemented in the upcoming Goguen update. Though the system is unique, its release date is still uncertain in light of Cardano’s history of delays.How EUTXO worksThe Extended UTXO model was specifically designed as an improvement on Bitcoin’s (BTC) pure UTXO architecture. In Bitcoin, each transaction is based on the concept
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LocalBitcoins Quietly Suspends Accounts in Multiple Regions Without Notice

[ad_1] Popular Bitcoin (BTC) exchange platform LocalBitcoins is allegedly suspending user accounts with little fanfare, citing an “enhanced due diligence process.”Finland-based LocalBitcoins, one of major global peer-to-peer (P2P) crypto exchanges, has reportedly suspended user accounts in some countries in Africa, the Middle East and Asia without warning, with some users being unable to withdraw their Bitcoin, Forbes reports Jan. 25.LocalBitcoins gives no public statement on the matter while the first
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Cardano Breaks 6-Month Slump, Signaling Potential Altcoin Revival

[ad_1] Today Cardano (ADA) broke above its 6-month range and now follows the movements of large-cap altcoins like Bitcoin Cash ABC (BCH), Dash (DASH) and Ethereum Classic (ETC). Does this mean that altcoins are entirely out of the woods? Crypto market daily performance. Source: Coin360ADA/BTC breaks above its 6-month trading rangeOver the past 6 months, Cardano has traded in a sideways accumulation range between 0.000004-0.0000044 satoshis, while the resistance was found
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IBM Secures Patent for ‘Self-Aware Token’ to Record Events of Offline Transactions

[ad_1] Tech giant IBM has been awarded a patent for the development of a “self-aware token” designed to record events of an offline transaction.A patent document filed with the United States Patent and Trademark Office describes a system, which relates to financial data processing in an electronic currency platform, as well as to processing e-commerce tokens, which have involved offline transactions. To track and record events of offline transactions, the
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UK High Court Orders Freeze on $1M of Bitcoin in Ransomware Case

[ad_1] A United Kingdom High Court ordered a proprietary injunction on Bitcoin (BTC) obtained through a ransomware attack on a Canadian insurance company. A proprietary injunction is an order which prevents a person from dealing with their own assets when it is subject of a proprietary claim.On Jan. 17, the UK High Court released documents concerning a ransomware attack, in which over 1,000 computers of the insurance company were rendered
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BTC Price Back at $9,000 But No, Coronavirus Isn’t ‘Good for Bitcoin’

[ad_1] Bitcoin (BTC) may be gaining thanks to “economic fear” over coronavirus — but only up to a point, analysts are concluding as the disease spreads. The cryptocurrency hovered at around $9,000 on Tuesday, capping 4% gains for the week in which coronavirus sent China into partial lockdown. Coronavirus uncertainty creeps into marketsFears are now surfacing about the impact on Chinese economic growth, while global signals also suggest investors are more cautious
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Singapore Act to License Cryptocurrency Firms Comes Into Effect

[ad_1] Legislation regulating the operations of cryptocurrency firms in Singapore comes into effect today, Jan. 28.The new Payment Services Act will regulate cryptocurrency payments and trading enterprises under some aspects of the regulatory regime that currently governs traditional payment services and require them to hold a license.Crypto payment services must also comply with the Financial Advisers Act, Insurance Act, Securities and Futures Act and the Trust Companies Act.The new rules
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Bitcoin Must Hold $9K for 2-3 Days to Secure Bull Market

[ad_1] Bitcoin (BTC) rising above $9,000 has turned heads amid fresh uncertainty in China but has yet to convince one of its best-known traders.In the latest episode of his Trading Bitcoin YouTube series on Jan. 28, Tone Vays said that despite the past week’s upward price momentum, he was not yet bullish on Bitcoin. Vays: BTC has not confirmed the bull market “Am I ready to declare a bull market? No,” he
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Gemini Europe Hires New Chief Compliance Officer for Europe Expansion

[ad_1] Gemini Europe — the United Kingdom and EU affiliate of the Winklevoss twins’ United States-based crypto exchange Gemini — has appointed a new chief compliance and money laundering reporting officer.As part of the firm’s expansion into the transatlantic market, the new appointee, Blair Halliday, will oversee Gemini Europe’s compliance program in the region. A press release published on Jan. 28 revealed that Halliday will be based in London and report