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  2. Crypto pioneer David Chaum reveals another altcoin View the full article
  3. With the looming threat of a blanket cryptocurrency ban in India, both the central bank and crypto stakeholders in the country continued their arguments before the Supreme Court. Counsel representing the crypto side of the tussle argued on Tuesday (August 20, 2019) that the Reserve Bank of India (RBI) had no grounds to ban cryptocurrencies. The RBI for its part fell back to the well-worn argument of cryptos being used for criminal activities. Regulate Cryptocurrency, Not Ban In a Twitter thread of the court proceedings, Crypto Kanoon, an Indian source for crypto and blockchain news provided a detailed account of Tuesday’s hearing. Counsel for the Internet and Mobile Association of India (IAMAI), Ashim Sood, in his opening argument, stated that the RBI’s actions were unfounded, unreasonable, arbitrary, and unlawful. According to Sood, the central bank acted without proper investigation or adequate knowledge of bitcoin and other cryptocurrencies. RBI circular is void on the ground of vagueness. It gives no definition of Crypto and seeks to crack down on all indiscriminately. A judgement is being read which holds that vagueness of rule is detrimental to its validity. — Crypto Kanoon (@cryptokanoon) August 20, 2019 While acknowledging that digital currencies can be used for criminal activities such as money laundering, Sood noted that various governments and regulatory agencies across the globe have regulatory frameworks in place to combat such vices and protect investors. The IAMAI counsel further listed jurisdictions in the U.S., the UK, and even the G20 countries provided regulatory guidelines for bitcoin and other virtual currencies, and said the RBI was supposed to tow the regulatory line instead of banning the nascent industry. Also, Sood argued that the ban by the apex bank had little or no effect, as users still found ways such as peer-to-peer (P2P) trading to send and receive funds. While the apex bank is concerned about risks associated with cryptocurrency, money laundering, and volatility, Sood stated that India’s consumer protection and AML laws can be applied to bitcoin and other virtual currencies. My Money, My Investment Choices Following Sood’s arguments, Nakul Dewan, a Senior Advocate representing cryptocurrency exchanges, also presented his arguments before the Supreme Court. Dewan listed six areas that worry the Indian apex bank, with counter arguments. Some of the “worrisome areas” include volatility, which Dewan said that it is also applicable to stocks. Another concern is hacking, which according to Dewan, digital banking suffers the same. Dewan added that if the RBI thinks crypto lacks any “inherent value”, then even fiat is floating on thin air. Also, the issue of virtual currency platforms lacking authorization is unfounded, as there is no law that gives the RBI power to authorize exchanges. Interestingly, Dewan said that investors had the right to invest funds in bitcoin and other cryptocurrencies even with the risks involved. The Senior Advocate stated that the money deposited in the bank belongs to investors and not the RBI or any bank. The money deposited in the bank is not RBI's money or bank's own money. in fact it is my money. — Crypto Kanoon (@cryptokanoon) August 20, 2019 The exchanges’ representative further said that since cryptocurrency was not money, it therefore would fall outside the monetary policy regulations. Also, the RBI should monitor the continuous development of the dynamic sector and create an appropriate regulatory framework “Bitcoin and Other Cryptocurrencies are Ponzi Schemes” ⁠— RBI The RBI, however, seemed ready to present its case, with Shyam Diwan representing the bank. According to Diwan, as opposed to Dewan’s argument, cryptocurrency has some monetary characteristics and the value of the digital currency is dependent on the people’s unanimity. Diwan went on to state that the greatest fear of the central bank is the use of virtual currencies as a means of payment. Apart from expressing its fears, the RBI counsel stated that bitcoin and other cryptocurrencies are nothing but Ponzi schemes, whose mining activities also pose environmental risks. Diwan also mentioned that the industry had been plagued with hacks globally, which is one of the reasons the bank and the Indian government are wary of cryptocurrency and its associated risks. Indian Government Needs to Wake Up The cryptocurrency landscape in India has been all but stable in the last one year. Following the RBI’s ban, Indian virtual currency exchanges, like Zebpay, and Coinome, shuttered their services in the country to move to other jurisdictions with friendlier crypto regulatory frameworks. Back in July 2019, CoinRecoil co-founder, Kunal Barchha, wrote an open letter to India’s Prime Minister, Narendra Modi, concerning the RBI ban and the government’s lukewarm attitude towards producing a robust crypto regulation. According to Barchha, the RBI took action without carrying out a thorough research or consulting with stakeholders in the industry. The central bank continually sees cryptocurrency as an archenemy, as reports revealed that the RBI was the brain behind the call for bitcoin and crypto ban in the country, following a report by the inter-ministerial committee (IMF), recommending a blanket ban on virtual currencies. However, experts believe that a bitcoin ban is bad for India. Blockonomi recently reported that Nasscom, a major Indian trade organization, said a blanket ban on bitcoin would have negative implications, and instead called for regulation of the sector. The post RBI & Cryptocurrency Stakeholders Face-Off in Indian Supreme Court appeared first on Blockonomi. View the full article
  4. Facebook is reportedly already under investigation by the EU over antitrust issues related to its Libra cryptocurrency project. View the full article
  5. As many as 97% of all cryptocurrency exchanges in South Korea could go out of business following declining trading activities. Reports indicate that blockchain and crypto projects prefer to list their tokens on platforms outside the country blaming the increasingly restrictive nature of the virtual currency trading scene in South Korea. Meanwhile, exchanges are enjoying a new lease of life in many places across Southeast Asia as regulators continue to create an enabling environment for crypto commerce. 97% of South Korean Cryptocurrency Exchanges About to Go Bust According to Business Korea, there seems to be no end in sight to the travails currently facing cryptocurrency exchanges in South Korea. Such is the sorry state of affairs for these platforms that reports say up to 97% of them are facing imminent bankruptcy. The problem for many platforms is the continued decline in cryptocurrency trading volume in South Korea. Only a handful of platforms in the country can be found in the top-100 cryptocurrency exchanges by 24-hour volume. To further pile on the misery, blockchain businesses are electing not to list their projects on local exchanges. This trend is despite the fact that the country has a vibrant digital economy with a plethora of startups developing projects using distributed ledger technology (DLT). Regulatory Environment Not Helping Issues The increasingly stricter nature of virtual currency regulations has also aided in the creation of an unfavorable environment for crypto commerce in South Korea. Investors are reportedly unable to make fiat withdrawals in Korean Won. Back in July, banks in the country began to put cryptocurrency exchanges under heavier anti-money laundering (AML) scrutiny. These banks say exchanges that fail to comply with the new AML paradigm will have their baking services revoked. While the ‘big four’ of Coinone, Korbit, Upbit, and Bithumb may be able to scale these stringent AML hurdles, the lesser-known ones may face a hard time of it. Already, about 200 of these smaller platforms are unable to open real-name virtual accounts with commercial banks in the country. For the banks, the increase in scrutiny is part of efforts to implement the recent guidelines released by the Financial Action Task Force (FATF) regarding the governance of cryptocurrencies. As previously reported by Blockonomi, Bithumb and a few other platforms have updated their terms and conditions to indicate their readiness to accept full responsibility for all losses irrespective of the cause. Might Not Recover from Tough 2018 The low trading volume and investor apathy are exacerbating an already dire situation for exchanges in South Korea coming off a dismal 2018. The year-long bear market decimated revenues for even the major platforms. Only one out of the big four cryptocurrency exchanges in South Korea recorded any profits in 2018. Bithumb’s losses even eclipsed the figures reported by the other two platforms. Already, some exchanges in the country have been forced to shut down their operations. The others still in operation also have to worry about incessant hacks from cybercriminals in neighboring North Korea. Southeast Asia is the New Crypto Utopia South Korea’s loss seems to be turning out to be favorable for Singapore, Thailand, and other countries in Southeast Asia. Bithumb recently unveiled Bithumb Singapore indicating a move to the country that is increasingly becoming more crypto-friendly. Philippines central bank also continues to grant operating licenses to cryptocurrency exchanges. This trend may see a migration of business from South Korea to the Philippines. Rather than enacting strict regulations, authorities in Thailand have made efforts to create a well-defined regulatory paradigm for cryptocurrency exchanges, initial coin offerings (ICOs), and other aspects of the virtual currency scene. The post Cryptocurrency Exchanges in South Korea at Risk of Bankruptcy Amid Declining Trading Volume appeared first on Blockonomi. View the full article
  6. Today
  7. Bitcoin’s range bound pumps and dumps have become commonplace over the past six weeks. Another slide a few hours ago should not be cause for alarm then as BTC failed to register further gains. It is now in danger of heading back into four figures for the fifth time. Four Figure Bitcoin in Play … Again Another day, another dump. It is a pattern we have seen countless times this year as bitcoin bounces between levels of support and resistance. Yesterday’s high of $10,840 could not be maintained and there was no move towards the next resistance level above $11k. Consequently BTC slid back again in a rather sharp decline to bottom out at $10,130 according to Tradingview.com. BTC price 1 hour chart – Tradingview.com The king of crypto paused there momentarily but is looking unsteady and could well fall back below $10k today. The ‘golden cross’ on the hourly chart following four days of gains is likely to unravel as the ‘death cross’ on the four hour chart starts to form. These both happen when a faster moving average crosses a slower one. At the time of writing further losses were looking imminent as bitcoin traded at 00. According to trader ‘CryptoHamster’ the weekly trend line has been broken and panic is starting to set in which could see bitcoin back at support in the mid-$9k region again soon. Yep, that support line was too obvious to hold. Broken downwards and touched 23.6% Fibo level. Oversold, but there is no pull-back, and panic is all over the place with calls of 9.5k, 8k etc. Fear and greed index is 11 again. Yep, that support line was too obvious to hold. Broken downwards and touched 23.6% Fibo level. Oversold, but there is no pull-back, and panic is all over the place with calls of 9.5k, 8k etc. Fear and greed index is 11 again. Tempting to buy with a short SL$BTC $BTCUSD #bitcoin pic.twitter.com/DyhNXAxnXC — CryptoHamster (@CryptoHamsterIO) August 21, 2019 Back in The Bear Market? The longer term outlook does not look pretty according to trader ‘BigChonis’ who noted that the weekly MACD indicators were moving towards a bear market signal once again. $BTC – weekly MACD closing in on cross test in the coming weeks… The last time these indicators crossed the BEAR market was confirmed… Histogram continues to stair step down to the negative… $BTC – weekly MACD closing in on cross test in the coming weeks… The last time these indicators crossed the BEAR market was confirmed… Histogram continue to stair step down to the negative…reject the cross and the BULL market has running room pic.twitter.com/PtRloLDzOD — Chonis Trading- (@BigChonis) August 21, 2019 This indicator is starting to get noticed by other traders also as the bulls appear to be running out of steam. I wonder what happens when the weekly MACD turns RED in a few weeks, after 7 months. #bitcoin $btcusd pic.twitter.com/vIYHMWzVqD — Anondran (@anondran) August 21, 2019 Bitcoin’s 6.5% slide today keeps it within range bound parameters but it will be the fifth time it has fallen back into four figures since the rally began four months ago. Major support lies at the $9,200 level so any declines below that are likely to result in a new lower low, however as we have seen in all previous instances, there are plenty of buyers lurking down there. Will BTC fall back to $8k this time around? Add your thoughts below. Images via Shutterstock, Twitter @CryptoHamsterIO, @anondran, @BigChonis, BTC/USD charts by Tradingview The post Another Slump For Bitcoin As Bear Market Indicators Loom appeared first on Bitcoinist.com. View the full article
  8. https://www.dashcentral.org/budget https://app.dashnexus.org/proposals/active
  9. Mastercard hires blockchain experts. How this will affect the future of Bitcoin? Mastercard has opened a few vacancies in an attempt to gain a significant share in the blockchain industry. The company hires people for senior positions like the vice president for product management or engineering lead. Mastercard hires blockchain experts. How this will affect the future of Bitcoin? One of the biggest payment systems aims to disrupt the blockchain industry and offers new jobs for blockchain enthusiasts
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  11. By CCN Markets: Overnight, the bitcoin price has dropped from $10,959 to $10,068 against the U.S. dollar, recording an 8.13 percent slip within a 24-hour span. The short term downside price movement of bitcoin is speculated to be largely technical caused by the struggle of the dominant cryptocurrency to surpass a strong resistance level at […] The post Here's Why Bitcoin Price Plummeted 8% Overnight appeared first on CCN Markets View the full article
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  13. By CCN Markets: In a sweeping article that bashes Bitcoin and it's kindred, Izabella Kaminska of the Financial Times compares cryptocurrency salary earners to modern-day slaves. Pointing to the BBC show ‘Who Do You Think You Are?’, Kaminska highlights a very relevant but misguided example of celebrity Kate Winslet who travels to Sweden to explore […] The post FT Compares Bitcoin Salaries to De Facto Slave Labor appeared first on CCN Markets View the full article
  14. Blockstream updated c-lightning, its Lightning Network implementation, to version 0.7.2 View the full article
  15. Going over the alleged satoshi nakamoto reveal which is published by a PR firm and likely to be a shill for tabula rasa which could be a new blockchain or ICO ...
  16. Bitcoin price failed to surpass the $11,000 resistance and recently declined against the US Dollar. The price is currently trading below the key $10,600 and $10,500 support levels. This week’s followed crucial bullish trend line was breached with support near $10,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently at a risk of more downsides below the $10,250 support area. Bitcoin price is currently facing an increase in selling below $10,500 against the US Dollar. Therefore, BTC could accelerate its decline if there is a break below $10,000. Bitcoin Price Analysis Yesterday, BTC climbed above the $10,800 resistance area against the US Dollar. However, the price struggled to gain momentum above the $10,950 and $11,000 levels. A swing high was formed near $10,960 and recently the price started a downside correction. Similarly, there were bearish moves in Ethereum and ripple below $200 and $0.2700 respectively in the past few sessions. Recently, bitcoin price declined below the main $10,600 and $10,500 support levels. Moreover, this week’s followed crucial bullish trend line was breached with support near $10,600 on the hourly chart of the BTC/USD pair. The pair is now trading below the 23.6% Fib retracement level of the upward move from the $9,488 low to $10,960 high. Furthermore, there was a close below the $10,400 level and 100 hourly simple moving average. An immediate support is near the $10,200 level. It coincides with the 50% Fib retracement level of the upward move from the $9,488 low to $10,960 high. If there are more downsides, the price could decline further towards the $10,000 support. The stated $10,000 support holds a lot of significance in the near term. If the price fails to stay above the $10,000 support, it could revisit the $9,488 swing low. Additionally, the price may even tumble below the $9,488 low and trade to a new monthly low. Conversely, if there is an upside correction, the price could test the $10,400 and $10,500 resistance levels. Additionally, the main resistance is near the $10,600 level and the 100 hourly simple moving average. Looking at the chart, bitcoin price is facing a solid rise in selling pressure below $10,500. Therefore, there is a risk of more downsides below the $10,200 support. More importantly, a successful break below the $10,000 support might start a strong downward move. The next stop for the bears could be $9,500 and $9,200 in the coming sessions. Technical indicators: Hourly MACD – The MACD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently declining sharply below the 40 level. Major Support Levels – $10,200 followed by $10,000. Major Resistance Levels – $10,400, $10,500 and $10,600. The post Bitcoin (BTC) Price Recent Breakdown Could Accelerate Decline appeared first on NewsBTC. View the full article
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  20. iBiz software has launched Berith Enterprise Edition for implementing blockchain business at everyone’s convenience. Berith is a hybrid blockchain platform which is a combination of the benefits of private and public blockchain which has both the high performance and stability required by the blockchain. The Berith Enterprise Edition platform provides an easy web installation, management and monitoring when a company decides to use blockchain on Hyperledger or Ethereum platform. With this service, one can run the node simply by entering server information and check the result. In addition, if a service developer wants to develop a new business system using a blockchain, BaaS can be used easily as a blockchain service using the Rest API. Based on the knowledge from other projects related to Hyperledger and Ethereum platform, we have can actively provide optimized support to different business. This Berith Enterprise Edition of iBiz software will boost Berith technology and will expand the Berith ecosystem to bigger horizon.
  21. Hello, can anyone suggest me an automated investment platform that allows me to manage & track all my investment at one go along with the facility to tokenize traditional securities like gold, etc. ? I have heard DCI Ecosystem is one such platform that has adopted unique business tokenization and investment model to achieve the same. Can anybody suggest me few more like DCI Ecosystem or should I trust this new investment platform to achieve my goal?
  22. Ripple price started a fresh decrease after it failed to break the $0.2920 resistance against the US dollar. Bitcoin price is struggling to hold the main $10,500 support area. This week’s followed bullish trend line with support near $0.2740 was breached on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading below the key $0.2700 support and it might accelerate its decline. Ripple price is showing bearish signs below key supports against the US Dollar and bitcoin. XRP is currently at a risk of more downsides below the $0.2600 support. Ripple Price Analysis Recently, XRP price climbed above the $0.2800 and $0.2850 resistance levels against the US Dollar. However, the XRP/USD pair struggled to break the $0.2900 and $0.2920 resistance levels. A swing high was formed near $0.2918 and the price started a fresh decline. There was a break below the $0.2800 support and the 100 hourly simple moving average. Moreover, bitcoin and Ethereum are also struggling to hold key supports. Ripple price is currently under pressure and it recently broke the $0.2750 support. Moreover, this week’s followed bullish trend line with support near $0.2740 was breached on the hourly chart of the XRP/USD pair. The pair declined below the 50% Fib retracement level of the upward move from the $0.2484 low to $0.2918 high. It has opened the doors for more losses below $0.2700. An immediate support is near the $0.2650 level. It represents the 61.8% Fib retracement level of the upward move from the $0.2484 low to $0.2918 high. If there are more downsides, the price could decline towards the $0.2600 support. Any further losses is likely to lead the price towards the next important support area near the $0.2500 level. On the upside, the previous support near the $0.2700 level is likely to act as a resistance. Additionally, the 100 hourly simple moving average is near the $0.2750 level to prevent an upward move. Therefore, to start a fresh increase, the price must climb back above $0.2750 and the 100 hourly SMA. Looking at the chart, ripple price is facing an increase in selling pressure below the 100 hourly SMA and the $0.2700 support. If the bulls fail to protect the $0.2650 support, the price is likely to accelerate its decline. The next major support is near the $0.2500 level, below which the bears might target a fresh monthly low. Technical Indicators Hourly MACD – The MACD for XRP/USD is currently gaining strength in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently declining heavily below the 40 level. Major Support Levels – $0.2650, $0.2600 and $0.2500. Major Resistance Levels – $0.2700, $0.2750 and $0.2850. The post Ripple Price (XRP) Breaks Key Support: More Downsides Likely appeared first on NewsBTC. View the full article
  23. Articles and hashtags referenced (I DO NOT OWN Or CLAIM TO OWN ARTICLES REFERENCED OR VIEWED IN VIDEOS): ...
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  25. Crypto Briefing Article: Ripple And Santander – XRP Is Going Nowhere, But Fanboys Still Won't Listen https://cryptobriefing.com/ripple-santander-xrp-fanboys/ ...
  26. Austrian Telecom A1 Accepting Crypto in Select Shops Using Salamantex Major Austrian telecom operator A1 has started accepting six cryptos as payment in select shops in Austria.
  27. Buterin said altering verification could lower fees by a factor of 100 per transaction, freeing space for organizations to build on the blockchain. View the full article
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