Bitcoin Price Breaks Through Key Resistance as Traders Target $9.2K

Bitcoin bulls pushed the price above a key level at $9,119 and are now aiming to set a daily higher high above $9,200. Bitcoin daily price chart. Source: Coin360 Bitcoin (BTC) bulls appear to have found a second wind which allowed them to push the price above $9,000 to daily high at $9,150.  As discussed in an earlier analysis, bulls had been fighting to hold the price above $8,800 throughout the day and multiple attempts at knocking out the $9K mark were held back by $8,963 and $8,985.  BTC USD…

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E Pluribus Unum: Four Class-Action Suits Against Bitfinex Over 2017 BTC Price Now One

A New York judge has ordered that the four class-action lawsuits against Bitfinex for 2017 manipulation of the Bitcoin market are now one, though leadership remains uncertain. The four class-action suits against Bitfinex, Tether and parent company iFinex over alleged market manipulation leading to Bitcoin’s (BTC) 2017 bull market have been consolidated — with implications for every BTC buyer since April 2017. Per an order dated Jan. 24 and filed Jan. 27 from Judge Failla of the court of the Southern District of New York (SDNY), four complaints have been…

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Localcryptos Lets You Cash Out BTC P2P – Minus the KYC 

If you’ve ever had a sudden need for fiat while all in crypto, you’ll understand the difficulty of cashing out without KYC-ing away your identity and that of your unborn children. Localbitcoins is now an AML hellhole, Bisq is great if you’re happy to wait two days for a trade, which leaves what exactly? Localcryptos.com. That’s what. Also read: A Bitcoin War Is Brewing Over KYC What’s the Deal With Localcryptos? Before its rebrand, Localcryptos (LC) went by the name of Localethereum. Launched in Australia in 2017, the platform’s addition…

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Coinbase and Ripple Execs Unveil Master Plan to Drive US Crypto Adoption

Two executives at Coinbase and Ripple are leading a drive for smart regulations and transparency in the crypto-sphere, which would drive mainstream adoption. Two executives at Coinbase and Ripple are leading a push for smart regulations and transparency in the crypto-sphere that would arguably drive adoption and take blockchain technology mainstream.  Market integrity must improve The Market Integrity Working Group’s co-chairs want regulators to grasp how they can advance the cryptocurrency industry. In an official company statement, Coinbase senior director and associate general counsel Rachel Nelson, in conjunction with Ripple’s…

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Ditto Music to Launch App Offering Speedy Blockchain Solution

Ditto Music to launch Bluebox, a blockchain recording technology that aims to trace royalties for music from the studio through to consumer streaming. Ditto Music will launch Bluebox, a blockchain recording technology that could be a boon to musicians and distributors alike.  What it’s all about The problem, says Ditto Music CEO Lee Parsons, is that misplaced metadata can end up eating away at the bottom line.  Recently Ditto made a royalty payment of 60,000 pounds sterling ($80,000) to the wrong artist. Parsons reportedly had to pay the correct artist…

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Bitcoin Price Pushes Above $8.8K as Bulls Attempt to Reclaim $9,000

Bitcoin bulls sliced through $8.8K and pushed the price right to the doorstep of $9,000 on a high volume breakout. After a pleasant weekly close, Bitcoin (BTC) bulls turned up Monday prepared to push the price to the $9K mark and possibly above. Over the weekend numerous crypto analysts suggested that if the price sustained above the $8,650 resistance Bitcoin would rally to $8,800 to set a daily lower high, consolidate, then make another run at the $9,200 mark.  Bitcoin daily price chart. Source: Coin360 All, except the latter, has…

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Deutsche Bank: Cryptocurrencies Won’t Replace Cash ‘Anytime Soon’

Deutsche Bank’s research arm issued a report predicting that cash will be around for a long time despite the surge of digital currencies. Cash is unlikely to disappear anytime soon despite declining use as a payment method and the surge of digital currencies, Germany’s largest bank says. Deutsche Bank, a German multinational investment bank that previously predicted that cryptocurrencies will replace fiat by 2030, now claims that cash “will be around for a long time” as a preferred method of payment. Deutsche Bank Research issues three reports on the future…

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Do CoinJoin Mixes Really Require Equal Transaction Amounts for Privacy? Part Two: Knapsack

Although Satoshi Nakamoto’s white paper suggests that privacy was a design goal of the Bitcoin protocol, blockchain analysis can often break users’ privacy. This is a problem. Bitcoin users might not necessarily want the world to know where they spend their money, what they earn or how much they own, while businesses may not want to leak transaction details to competitors — to name some examples. But there are solutions to regain privacy, like CoinJoin. Some of the most popular mixing solutions available today use this trick, including Wasabi Wallet…

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Davos 2020: Awaited Regulations, Unexpected Enthusiasm, New Challenges

The World Economic Forum 2020 tackled many of the regulatory issues currently plaguing the global crypto sector. Last week saw a whole host of world leaders — including United States President Donald Trump and Prince Charles of Wales, along with a number of other prominent dignitaries — come together to attend the 2020 iteration of the World Economic Forum that was held in Davos, Switzerland Jan. 20–24. As part of the five-day event, the WEF announced its decision to establish a global consortium for governing digital currencies — including stablecoins.…

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Governments and Enterprises Can’t Get Enough of Blockchain

Governments have long been wary of Bitcoin, while expressing admiration for its innovative ledger system. This trend can be traced back till 2014, when the “blockchain not bitcoin” mantra was coined. Six years on and that sentiment is being backed by action as governments and businesses the world over commission blockchain initiatives. Are these entities genuinely bullish on blockchain? Or are they simply trying to stay relevant and capitalize on tech trends? Also read: US Tax Advisor Tells Crypto Customers to Self-Report on Taxes, Even If Imperfectly National and Enterprise…

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