Cryptocurrency Analysis and News Portal
Influenced by COVID-19, the Bitcoin price plunged by $5,000 within 2 weeks. As it dropped from $9,000 to $3,800, it created the worst daily decline in 7 years. While the market liquidated almost all the longs positions, it triggered a chain reaction that the market had panic emotions surrounded, and
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Washington state resident Kenneth Warren Rhule has been charged with laundering over $140,000 in bitcoin after agents with Homeland Security Investigations (HSI) made a series of undercover cash-for-crypto deals with the 26-year-old.Rhule faces multiple counts of operating an unlicensed bitcoin money transmitter business and laundering monetary instruments after allegedly meeting
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The cryptocurrency sector worldwide saw several historic regulatory events last week. In this roundup, we cover a landmark bitcoin ruling by a
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A French commercial court has acknowledged Bitcoin as a currency, following a legal dispute between a local crypto exchange platform, Paymium, and investment firm, BitSpread. With the court ruling, Bitcoin can now be seen as legal money in France. Bitcoin’s Legal Status Same as Fiat Currency According to a report by the
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Dollar Cost Averaging (DCA) as a crypto investment method may not be the most thrilling way to speculate on the bitcoin price,
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Altcoins have been shedding a significant amount of their value over the past several days and weeks, with the recent Bitcoin selloff sending shockwaves throughout the aggregated cryptocurrency market. Analysts are now noting that Bitcoin is currently trading just a hair above a critical support level, with a continued defense of
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As the Bitcoin halving draws ever nearer, the demand for the digital asset keeps soaring, having seen an increase of around 15% against the United States dollar in the past month. The Bitcoin halving is predicted to take place during May 2020 and will see Bitcoin’s issuance rate decrease
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Amid a major economic downturn, countries in Latin America (LATAM) are increasingly suffering from money laundering through cryptocurrencies, a new report says.Cryptocurrencies like Bitcoin (BTC) have become a major tool of organized crime groups and hackers in LATAM countries, according to a Feb. 27 report issued by threat intelligence
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Mass unrest in Lebanon due to allegations of political corruption and heavy handed capital controls has carried over into the new year,
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A recent report by a Major United States bank JP Morgan Chase suggested that current blockchain developments are lying down the foundation for digital money, but adoption is still years away.A report published by JP Morgan on Feb. 21 suggests that the finance industry is moving beyond blockchain technology.Blockchain
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