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Sub-$7000 Bitcoin Price Bloodbath Could Spiral Near $4,000, Warns Analyst

Peter Schiff believes bitcoin is breaking out of a bearish formation and is heading to $1,000. A renowned technical analyst thinks that such a bearish pattern could, instead, take BTC to $4,000, if validated. Several technical indicators add credibility to a further drop, but there is still a chance for a rebound. On

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Stablecoins ‘Pose Risk to Financial Stability’ Warns Federal Reserve

Stablecoins could “complement” other payment systems and improve conditions for consumers, but need constant checks, says the United States Federal Reserve.In its November 2019 Financial Stability Report released on Nov. 15, the Fed highlights stablecoins and their potential impact on the U.S. and beyond.Fed: Unregulated stablecoins “pose risks”Rather than

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Bitcoin Price Tests $8,500 Support as Trader Warns of Further New Lows

Bitcoin (BTC) fell below $8,600 on Nov. 14 as its slow grind downwards continues to see new lows haunt markets.Cryptocurrency market daily overview. Source: Coin360Bitcoin trends downwards at $8.6KData from Coin360 shows the largest cryptocurrency hitting $8,550 on Thursday, its lowest since late October. A subsequent rebound took BTC/USD

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Maltese Financial Regulators Warns Investors of New Bitcoin Ponzi Scheme

Maltese financial regulator, the Malta Financial Services Authority (MFSA), has made it clear to residents that “Bitcoin Future,” a new Bitcoin Ponzi scheme that claims to be endorsed by popular celebrities and regulators, is a fake investment platform and has not been licensed by the MFSA, according to a press

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Forex Regulator Warns Against Illegal Crypto Cross-Border Flows

China’s foreign exchange regulator has warned that emerging markets need to muscle in on cryptocurrency-enabled illegal cross-border capital flows.Sun Tianqi, the chief accountant of China’s State Administration of Foreign Exchange (SAFE), made the remarks at a forum today in Shanghai, according to an Oct. 28 report from Reuters.China has

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Germany Warns of Privacy Token Usage in Money Laundering and Terrorism

The German Federal Ministry of Finance has expressed concerns about rising use of privacy tokens due to their association with criminal activities and difficulties in tracking them.Published on Oct. 19, the ministry’s “First Money Laundering and Terrorist Financing National Risk Assessment” for 2018-2019 provided analysis aimed at the identification

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India’s Finance Minister Warns Other Nations Against Cryptocurrencies

India is readying itself for a major revision of its cryptocurrency policies. In this regard, it has been approached by officials of many governments who have informed the Indian government about possible global risks associated with digital currencies.India’s finance minister, Nirmala Sitharaman, noted positively that all nations who have raised

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