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BitcoinNews.com Bitcoin Market Analysis 25th April 2019

BitcoinNews.com Bitcoin Market Analysis 25th April 2019

After buyer attempts from 23 April to accelerate growth, breaking the upper trend line, at first the price came to a stop and after decreasing in volumes sellers began their initiative. The price fall by 4% was accompanied by increased volumes, but it did not last long. Since 15 April, buyers try to organize growth keeping the bottom trend line, …


State-Backed Groups Start Trading Venezuelan Petro

State-Backed Groups Start Trading Venezuelan Petro

A new Bitcoin.com report claims that it has unearthed new evidence to show that maligned cryptocurrency Petro, backed by the current Venezuelan government, has already started trading activities, thanks to several state-sanctioned exchanges and over-the-counter (OTC) groups. Venezuela sits in the throes of hyperinflation, today at over 1,600,000%, ensuring that its national currency bolivar loses value every hour, making it …


Afghans Look to Sovereign Crypto Bond to Raise $5.8 Billion for Economy

Afghanistan is planning to jumpstart its ailing economy with a blockchain-based sovereign crypto bond. The announcement to attempt a cryptocurrency solution to three decades of economic turmoil came at a meeting of the Boards of Governors of the World Bank Group and the International Monetary Fund (IMF) in Washington recently. According to the Central Bank of Afghanistan’s governor Khalil Sediq, …


BitcoinNews.com Ethereum Market Analysis 22nd April 2019

BitcoinNews.com Ethereum Market Analysis 22nd April 2019

Well… the weekly candle closed without any special tips and signals about the upcoming possible price movement. The trading range ETH was 13%. Buyers have been able to keep the price zone of $155-160 for the second week. We think that this week should show the true intentions of market participants. Consolidation in the form of a triangle which started …


Brexit, Binance and Bitcoin: A New Era for Crypto in the UK?

Brexit, Binance and Bitcoin: A New Era for Crypto in the UK?

With the clock ticking on Britain’s much-debated exit from membership of the EU and all that means if a decision is finally agreed by September, where will this leave the UK in European Crypto Space? In a position of strength, or cut-off from its legislative support on the other side of the channel? Well, no man is an island, according …


John McAfee Claims $1 Million Bitcoin Prediction Based on Math

John McAfee Claims $1 Million Bitcoin Prediction Based on Math

John McAfee’s explanation for his USD 1 million Bitcoin price by the end of 2020 is all down to mathematics, according to the high flying tech mogul. A recent McAfee Tweet offering to the market suggested that it would be “mathematically impossible” that one BTC will be less than USD 1 million “by the end of 2020”. A brave claim …


FinCEN Fines First-Ever Bitcoin Trader under AML Laws

FinCEN Fines First-Ever Bitcoin Trader under AML Laws

The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has penalized what it terms a “peer-to-peer cryptocurrency exchanger” in a historic case of Anti-Money Laundering (AML) violation by a Bitcoin trader. California resident and Bitcoin seller/buyer Eric Powers was adjudged to have failed to comply with the Bank Secrecy Act (BSA) registration and requirements during a two-year period  between 2012 and …


BitcoinNews.com Bitcoin Market Analysis 18th April 2019

BitcoinNews.com Bitcoin Market Analysis 18th April 2019

After the previous analysis, the price zone test of $5,200-5,300 stopped in consolidation. Buyers are trying to build a movement that is limited to the orange triangle. At the moment, the price is clearly moving under the upper trend line. If you analyze the volume of trading, then they do not change in the direction of increase and growth is …


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