Saifedean Ammous Says Bitcoin “Completely New Animal”, Built to Soar

The latest Tweetstorm to hit the crypto space sees famed Bitcoin economist and author of The Bitcoin Standard, Saifedean Ammous, insist that the world’s most used cryptocurrency cannot be compared to bubbles and is a “completely new animal” that is designed to rise in value with unprecedented pace. It all started with a fairly innocent and common question about Bitcoin: …

LocalBitcoins to be Supervised by Finland’s Financial Supervisory Authority

Popular decentralized cryptocurrency exchange LocalBitcoins has announced it will soon operate under the supervision of the Financial Supervisory Authority of Finland. The Helsinki-based exchange detailed the upcoming changes in a blog post today, determining the reasons why as down to changing policy from the Finnish government. Cryptocurrency will be given legal status in Finland following the passing of legislation on 13 March …

Bitcoin Only Ranks 15th in China Crypto Rankings

The China Electronic Information Industry Department (CCID) has just announced its latest rankings for cryptocurrency projects for the month of March. Much to the bemusement of many crypto enthusiasts on social media, the CCID’s Global Public Blockchain Technology Assessment Index (XI) has scored Bitcoin a mere 15th place on the rankings, while EOS sits at top spot. Critics have called …

Amazon Streaming Service Twitch Removes Cryptocurrency Payment Choice

Amazon streaming service Twitch has reportedly removed its payment options of both Bitcoin and Bitcoin Cash. A Reddit user first noted the change which was then confirmed in the thread by many others, several of whom vowed to cancel their subscriptions due to the removal of both cryptocurrency payment choices. ”Well, I’m taking action now, canceled all my subs + sent them a …

Bakkt Delayed Over Bitcoin Custody Concerns

Highly-anticipated cryptocurrency platform Bakkt has run into trouble with the US Commodity Futures Trading Commission (CFTC) over its custody plans for clients’ Bitcoin. Bakkt promised prospective clients it would request from the CFTC permission to provide the first Bitcoin futures that would be physically deliverable daily, as well as storing clients Bitcoin in a physical warehouse on their behalf. However, according to sources …

Swiss Federal Council Begins National Blockchain Framework Changes

The Swiss Federal Council has initiated a consultation period on the adaptation of federal law for blockchain developments. According to the state-issued press release, the consultation will be an opportunity to improve the framework for blockchain and other decentralized technologies in Switzerland. Specifically, it will look to increase legal certainty, restrict risks associated with misuse of the technologies and remove obstacles for blockchain-backed …

American Electronics Distributor Avnet Accepts Bitcoin

Avnet Inc, one of the largest distributors of electronic components and embedded solutions in the US, has started accepting Bitcoin payments for technology products and services. This is done in collaboration with BitPay, a crypto payment processor, which will facilitate payment transactions in Bitcoin (BTC) or Bitcoin Cash (BCH). Avnet announced this in an official press release, making it one …

BitcoinNews.com Bitcoin Market Analysis 21st March 2019

BitcoinNews.com Bitcoin Market Analysis 21st March 2019

Starting from 18 March, buyers have been trying to build a local trend movement, with a clear line of support. However, if we remember the previous analysis, now the price moves in consolidation, with limits of $4,040 being the lower limit and $4,120 the upper limit. At the moment, buyers are able to break the upper limit of consolidation relatively …

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