French billionaire Bernard Arnault has denied reports that he was involved in a Belgium-based cryptocurrency trading firm. Bernard Arnault, the world’s third richest man, has denied his involvement in setting up a new Belgian crypto trading company Abesix Belgique. Arnault was reported to be a co-founder of Abesix by Belgian business publication De Tijd on […]
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The Bitcoin price has dropped sharply below $10,000, marking a new weekly low and sending the currency back to where it started the 30-day period. The price of Bitcoin (BTC) has dropped dramatically today, falling by $600 at 6:00 p.m. UTC on Aug. 28. In the course of an hour, the Bitcoin price sank from […]
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Bitcoin is getting ready for a large move. At what level does it become a buy? Let’s analyze the charts. In the past few weeks, both Bitcoin and gold have attracted investors who have flocked to safe haven assets due to trade wars and an uncertain geopolitical environment. While traditional investors prefer investing in gold, […]
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Countries and internet companies hold on to hard stances on cryptocurrency advertising, as the industry seeks to survive the challenges. The United Kingdom’s Advertising Standards Authority (ASA) recently resolved a complaint regarding advertising of Bitcoin (BTC) from the BitMEX crypto derivatives exchange. According to the ASA, the website showed Bitcoin graphs with misleading price dynamics […]
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Current calm conditions may not last as the week progresses, with $10K Bitcoin price support not guaranteed. Bitcoin (BTC) price held above $10,000 for a third day on Aug. 28 as a fresh period of sideways trading endured through the week. Market visualization. Source: Coin360 Eerie calm descends over Bitcoin markets Data from Coin360 painted […]
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BitPAC, the first ever Bitcoin-enabled PAC, will expand its candidate supporting program with an ICO. BitPAC, the first ever Bitcoin (BTC) political action committee (PAC), will expand its candidate supporting program with an initial coin offering (ICO), Coindesk reports on Aug. 28. Utility token, not a thing of value Dan Backer, who founded BitPAC back […]
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The media mogul tweets Wright’s identity as Satoshi Nakamoto is legally decided, directly contradicting the official court judgement. Bitcoin SV (BSV) proponent Calvin Ayre has come under fire once again after erroneously claiming a court ruled Craig Wright created Bitcoin (BTC). Ayre: Judge just ruled Wright created Bitcoin In a tweet Aug. 28, Ayre, owner […]
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Swiss and Singapore-based cryptocurrency firm Sygnum is in talks with local regulators to seal a crypto banking license in Singapore. Swiss and Singapore-based cryptocurrency firm Sygnum is in talks with local regulators to seal a banking license in Singapore. Business News Bloomberg reported on Aug. 28 that Syngum — which has only just recently been […]
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What’s driving regulatory processes around crypto, and why should we welcome restrictions on an industry that has so far enjoyed nearly unbridled freedom? When we hear about holders of crypto being tracked down by the Internal Revenue Service, or that imprisonment is being considered for anyone using crypto in India, it conjures up a disconcerting […]
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The pro-democracy, anti-government protest movement in Hong Kong is spurring wider adoption of cryptocurrencies such as Bitcoin. The pro-democracy, anti-government protest movement in Hong Kong is spurring wider adoption of cryptocurrencies such as Bitcoin (BTC). Yahoo! Finance reported on Aug. 28 that the political upheaval in the city — which has now entered its 12th […]
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