• Carmela Murray
• June 4, 2020
• Bitcoin
• 0 Comments

China-based bitcoin miners have started to migrate southbound from North China, according to local reports. The operators are having difficulties and are transitioning mining facilities for cheap hydro-powered electricity. Testimonials also show that 64 mining operations in the prefecture in Yunnan have been threatened by local authorities. Sources say a hydropower station discharge sparked a number of investigations throughout the …

• Carmela Murray
• June 4, 2020
• Bitcoin
• 0 Comments

Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way.“This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator.A ‘head-fake’ trade happens when an asset price makes a move in one direction, but then …

• Carmela Murray
• June 4, 2020
• Bitcoin
• 0 Comments

Bitcoin’s trading volume has experienced exponential growth which could reach levels similar to major asset classes, according to a new report by Coin Metrics. The cryptocurrency’s daily volume could exceed that of all U.S. equities in less than four years and all U.S. bonds in less than five years, the analysis shows.Bitcoin’s Volume Growth Could Match Stocks and BondsCryptocurrency data …

• Carmela Murray
• June 4, 2020
• Bitcoin
• 0 Comments

Just recently Bitcoin.com’s Roger Ver donated $10,000 worth of bitcoin cash to the charitable organization Casa de Amparo, a 501(c)(3) charity that helps children escape child abuse and neglect. Since 1978, Casa de Amparo has offered a myriad of programs that help those affected by and at risk of child abuse in San Diego County.Casa de Amparo: A Major Force …

• Carmela Murray
• June 4, 2020
• Bitcoin
• 0 Comments

Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering.According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract “greater…regulatory focus” in a bid to rein-in alleged cross-border illicit financial transfers.Jeffries urged “the need for more uniform regulatory enforcement and compliance” as governments start to crack down on crypto-infused automated …

• Carmela Murray
• June 3, 2020
• Bitcoin
• 0 Comments

Peer-to-peer cryptocurrency trading data shows digital assets like bitcoin are growing extremely popular in Russia, despite the State Duma’s opinions and regulations aimed at crypto assets. On Monday, the Russian government published a draft version of litigation mandates called “On Digital Financial Assets,” and lawmakers are looking for public opinion. Despite the strict proposal drafted by the Russian bureaucracy, trade …

• Carmela Murray
• June 3, 2020
• Bitcoin
• 0 Comments

The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a drop in energy prices, and recent legislation.Decade-Long Recovery Costing $8 TrillionThe U.S. Congressional Budget Office (CBO), a federal agency that provides budget …

• Carmela Murray
• June 3, 2020
• Bitcoin
• 0 Comments

Another $800,000 worth of bitcoin from the Bitfinex hack of four years ago has been moved to an unknown wallet.Whale Alert reports that hackers transferred 77.64 bitcoin (BTC) on Tuesday, which amounts to $797,000 at the time the alert was issued.The thieves last moved about $255,000 or 28.4 BTC on May 22, in deals that appear timed to coincide with …

• Carmela Murray
• June 3, 2020
• Bitcoin
• 0 Comments

This week the trading platform Bvnex Exchange announced the support of bitcoin cash on the Vietnam-based fiat-crypto trading platform. The support gives the Vietnamese market and other regions in Asia, the ability to trade bitcoin cash for VNDT- Vietnam dong. On June 2, 2020, the crypto exchange Bvnex listed bitcoin cash on the cryptocurrency trading platform with the VNDT- Vietnam …

• Carmela Murray
• June 3, 2020
• Bitcoin
• 0 Comments

U.S. Immigration and Customs Enforcement’s (ICE) and Homeland Security Investigations (HSI), has put out a bounty for $5 million for the arrest and conviction of Venezuela’s superintendent of cryptocurrency. Joselit de la Trinidad Ramirez Camacho is now added to America’s Most Wanted List, as he is accused of transgressing against U.S. sanctions and working with drug cartels. Reportedly, the Venezuelan …