Bitcoin reached $19,000 quickly after it plunged to $18,000 following an XRP flash crash on Coinbase.

The price of Bitcoin (BTC) surpassed $19,000 on Nov. 24 for the first time in nearly three years. It followed an XRP flash crash on Coinbase, which trembled the crypto market.

The two incidents could be entirely coincidental. Although considering that BTC price surged almost immediately after the XRP drop, there could be a correlation.

BTC/USDT 4-hour ... Read more »

Category: Analytics | Views: 53 | Added by: danyagames2007 | Date: 24.11.2020 | Comments (0)

The Lithuanian State Tax Inspectorate exchanged Bitcoin, Ether and Monero for 6.4 million euro.

The Lithuanian government has reportedly sold a batch of cryptocurrency seized by local enforcement agencies.

The State Tax Inspectorate, or STI, the country’s tax authority, sold confiscated crypto assets worth 6.4 million euro ($7.6 million) and subsequently added the funds to the state budget.

According to an official announcement on Nov. 24, the seized crypto assets included major cryptocurrencies Bitcoin (BTC) and Ether (ETH) as well as privacy-focused altcoin Monero (XMR).

The STI said this is the first time that the agency has sold seized crypto for fiat. “The conversion of cryptocurrencies into eu ... Read more »

Category: News | Views: 35 | Added by: danyagames2007 | Date: 24.11.2020 | Comments (0)

In remarks that highlight flaws of the fiat currency system, the European Central Bank (ECB) president, Christine Lagarde, says the institution cannot go bankrupt even if it incurs losses running into trillions. According to Lagarde, normal bankruptcy rules do not apply to the ECB primarily because it is the sole issuer of euro-denominated central bank money. The Eurosystem will always be able to generate additional liquidity as needed.

Bankruptcy Rules Not Applicable to ECB

The ECB leader made her remarks while responding to a question from an Italian member of the European Parliament. According to a Reuters report, an unequivocal Lagarde argues that central banks and the ECB in ... Read more »

Category: News | Views: 74 | Added by: danyagames2007 | Date: 24.11.2020 | Comments (0)

Cryptocurrency intelligence firm Ciphertrace has filed two patent applications for tools and systems to trace monero transactions. The company aims to enable the detection of criminal uses of privacy coins like monero.

Monero Tracing Patents

Blockchain analytics and cryptocurrency intelligence firm Ciphertrace announced Friday that it has filed two monero tracing patents. One patent is called “Techniques and Probabilistic Methods for Tracing Monero” and the other is “Systems and Methods for Investigating Monero.”

They two patents cover a number of areas, including “Forensic tools to explore monero transaction flows to assist in financial inves ... Read more »

Category: News | Views: 35 | Added by: danyagames2007 | Date: 24.11.2020 | Comments (0)

Bitcoin outperforms JPMorgan in terms of market capitalization shortly after the firm’s CEO said Bitcoin “is not my cup of tea.”

Amid an ongoing parabolic bull run, Bitcoin (BTC) is breaking another major milestone in terms of its market capitalization against American banking giant JPMorgan.

On Nov. 24, Bitcoin surpassed the $19,000 price mark for the first time since December 2017, breaking another all-time record in its market cap.

At publishing time, Bitcoin’s market cap is $352 billion, up from $345 billion 24 hours ago.

According to data from Macro Trends, JPMorgan’s market cap closed at $349 billion on Nov. 23. Earlier this year, JPMorgan’s market cap dropped to as low ... Read more »

Category: Analytics | Views: 52 | Added by: danyagames2007 | Date: 24.11.2020 | Comments (0)

Crypto is again capturing the attention of the mainstream media, with the home page of today’s Wall Street Journal discussing Bitcoin’s 80% rally since reclaiming five-figure prices.

After rallying 80% in two months, Bitcoin (BTC) is recapturing media interest from the top end of town, with The Wall Street Journal discussing the cryptocurrency’s adoption among institutional investors on the site’s home page on Nov. 23.

The report notes that Bitcoin has recently found support from “Wall Street billionaires” Paul Tudor Jones and Stanley Druckenmiller, alongside other public figures including a sports radio host.

WSJ’s coverage comes following a lull in Bitcoin’s presence in ... Read more »

Category: News | Views: 57 | Added by: danyagames2007 | Date: 24.11.2020 | Comments (0)

The MFSA is finally issuing the first licenses formed under the crypto laws introduced in 2018.

Cryptocurrency exchange and debit card provider Crypto.com has scored major regulatory approvals from the Maltese government.

According to a Nov. 24 announcement, the Malta Financial Services Authority, or MFSA, has granted Crypto.com two financial licenses: a Financial Institution License and a Class 3 Virtual Financial Assets, or VFA, License.

The Financial Institution License officially enables Crypto.com to provide payment services and issue electronic money. A Class 3 VFA License allows Crypto.com to offer investment management services, custody and trading to both professional and nonprofessional investors.

Acc ... Read more »

Category: News | Views: 48 | Added by: danyagames2007 | Date: 24.11.2020 | Comments (0)

Crypto is against capturing the attention of the mainstream media, with the front page of today’s Wall Street Journal discussing Bitcoin’s 80% rally since reclaiming five-figure prices.

After rallying 80% in two months, Bitcoin is recapturing media interest from the top end of town, with The Wall Street Journal discussing the cryptocurrency’s adoption among institutional investors on the front page of its Nov. 23 issue.

The report notes that Bitcoin has recently found support from “Wall Street billionaires” Paul Tudor Jones and Stanley Druckenmiller, alongside other public figures including a sports radio host.

WSJ’s coverage comes following a lull in Bitcoin’s presence in main ... Read more »

Category: News | Views: 63 | Added by: danyagames2007 | Date: 24.11.2020 | Comments (0)

Monero (XMR) has been one of the main privacy technologies in the crypto space for many years now. Unlike what many think, Bitcoin is actually easy to track if a user connects their account to an exchange.

But even Monero may be susceptible to tracing, according to a recent press release from CipherTrace.

Monero Is Being Cracked by CipherTrace

According to a press release from CipherTrace, a leading blockchain analytics company, they’re currently working on tracking Monero in collaboration with the Department of Homeland Security:

CipherTrace has filed their second Monero tracing patent application— Techniques and Probabilistic Methods for Tracing Monero. ... Read more »

Category: News | Views: 45 | Added by: danyagames2007 | Date: 24.11.2020 | Comments (0)

Bitcoin price failed again to clear the $18,800 resistance against the US Dollar. BTC is trading in a range and it could correct lower sharply if there is a break below $18,200.

Bitcoin is still trading well below the key resistance area near the $18,700 and $18,800 levels.
The price is now below $18,500 and the 100 hourly simple moving average.
There is a key contracting triangle forming with resistance near $18,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could decline sharply if there is a clear break below $18,200 and $18,050.

Bitcoin Price is Showing a Few Bearish Signs

There was another attempt by bitcoin price to clear the $18,700 and $18,800 resistance levels ... Read more »

Category: Analytics | Views: 42 | Added by: danyagames2007 | Date: 24.11.2020 | Comments (0)