Day: November 9, 2019

Bitcoin (BTC) Price Weekly Forecast: More Downsides Likely

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After consolidating above $9,000, bitcoin declined heavily against the US Dollar. The price is currently trading in a bearish zone, with a close below $9,000 and $8,920. There was a break below a major contracting triangle with support near $9,180 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price is currently showing bearish signs and it could decline further towards $8,560 or $8,300. Bitcoin price is trading in a downtrend below $9,000 against the US Dollar. BTC remains at a risk of more downsides towards…

Crypto News From Japan: Nov. 2–9

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In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, the Japanese financial regulator solidifies its policy of banning trusts that invest in crypto, more than 20 companies launch a consortium that aims to raise funds with security tokens, and Coincheck starts its automated cryptocurrency accumulation service, while it denies having had any previous knowledge about Stellar Lumens’ 55 billion token burn. Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Japan. FSA confirms ban on cryptocurrency investment trusts The Japanese…

Tunisia to Launch E-Dinar National Currency Using Blockchain

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Tunisia has become the first country to start moving its national currency to a blockchain platform. Russian ICO startup Universa will help issue and manage Tunisia’s Central Bank Digital Currency (CBDC), reported Russian news agency Tass on Nov. 7. E-dinar expected to be more transparent, cheaper to issue The Central Bank of Tunisia announced that the digitization of the Tunisian dinar has started and that the paper-backed CBDC will be issued on the Universa Blockchain.  Furthermore, Universa will also reportedly receive a percentage of all transactions carried out with the…

Bakkt Bitcoin Futures Trading Volume Just Hit Another All-Time High

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Bitcoin (BTC) futures daily volumes on digital asset platform Bakkt have hit a new all-time high, with 1,741 futures traded on Nov. 9. Bakkt announced the new record, stating:  “Today we set a new daily record of 1,756 Bakkt Bitcoin Futures contracts traded.” Volume spike coincides with Bitcoin price dip Twitter account dedicated to Bakkt futures trading volume data, Bakkt Volume Bot, also pointed out the development on Nov. 8.  Additionally, the daily volume of 1,741 (about $15.5 million) represents a 109% increase over the 834 contracts traded the day…