Day: June 22, 2020

Here’s Why BTC Could Revisit $10,000

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Bitcoin is up more than 3%, and it broke the key $9,500 resistance against the US Dollar. BTC is currently trading in a positive zone, and it could continue to rise towards $10,000. Bitcoin is up over $300, and it broke a few significant hurdles near $9,500. The price traded close to the $9,800 resistance zone, and it settled above the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $9,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).…

Japanese Financial Watchdog Frowns on Gambling Dapps

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Regulators in Japan may be more inclined to approve new virtual currencies for trading if they have greater financial transparency and aren’t involved in gambling Dapps. According to a new report from Xangle Research on Japanese digital asset regulations, the country’s financial watchdog, the Financial Services Agency (FSA), specifically says crypto firms may be approved if they do not support decentralized applications (Dapps) with gambling or anonymous features. In particular, Xangle named Quantum (QTUM), the cryptocurrency recently made available for trading on Japanese crypto exchange Coincheck, as satisfying three essential…

Why Is Russia’s Crypto Regulation Treading Water?

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Russia has long been home to a vibrant crypto retail market, yet the nation’s regulation of digital assets still lags behind. As a spate of stakeholders and disparate regulatory authorities struggles to figure out a coherent policy framework within a bureaucratic system, much of the cryptocurrency industry remains outside the realm of regulated economic activity — to the chagrin of many entrepreneurs. The central piece of crypto legislation — a bill called “On Digital Financial Assets” (DFA) — progressed through its first round of debate in Russia’s legislature in May 2018, but…

LibertyX Allows BTC Purchases in Cash at 7-Eleven, CVS, and Rite Aid

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LibertyX, the firm that launched one of the early Bitcoin ATMs, has just made purchasing Bitcoin in cash possible at more than 20,000 retail locations across the United States.  In a June 22 announcement on LibertyX’s Twitter account, the crypto ATM service company said customers of retailers including 7-Eleven, CVS Pharmacy, and Rite Aid would be able to buy Bitcoin (BTC) with cash.  Users need to have the LibertyX mobile app installed, select which retailer location they will visit in advance, and scan their barcodes at the time of purchase.…

U.S. Congressman Davidson Says Bitcoin Is “Required to Defend Freedom”

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While many in Washington D.C. are hesitant to give Bitcoin their support, a Congressman recently took to Twitter to support this nascent space. Related Reading: Crypto Tidbits: Bitcoin Holds $9k, Ethereum DeFi Gains Traction, Trump Talked BTC in 2018 Congressman Throws Weight Behind Bitcoin, Calls It “Sound Money” On June 22nd, the Congressman of Ohio’s eighth district, Warren Davidson, tweeted the message seen below. “Sound Money is required to Defend Freedom,” Davidson wrote, including a message of Bitcoin on top of U.S. dollars. #SoundMoney is required to #DefendFreedom. pic.twitter.com/XDF8rtHB33 —…

PayPal is Hiring Crypto Engineers Amid Rumors of Bitcoin Integration

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PayPal is hiring crypto and blockchain experts amid rumors that the global payment platform will enable direct cryptocurrency purchases for its 305 million users. The job descriptions they’re hiring for are publicly available on the company’s own job board. The first listing of note is for a job titled “Technical Lead – Crypto Engineer.” The listing describes that this person will be responsible for “new initiatives for PayPal global with a focus on agility, time-to-market and innovation. The role includes designing, developing and maintaining key crypto products/features targeted towards availability,…

Chinese City Issues Post-Pandemic Consumer Vouchers on the Blockchain

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In order to reduce the COVID-19 pandemic’s impact on business, Chinese governments at all levels have been coming up with different policies and solutions to help the economy survive.  Nanjing, the capital of China eastern Jiangsu province, is one of the first cities in China to leverage blockchain technology and issue so-called “consumption vouchers” on the blockchain as a kind of crypto-driven stimulus package, according to a local news report on June 23. These vouchers are exchangeable for things like food, transportation and electronics. A stimulation of millions As of…

3 Reasons Why DeFi Tokens Are Outperforming Bitcoin Price

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Decentralized Finance (DeFi) has been a rapidly growing sector in the crypto space and although the volume of the DeFi ecosystem yet to surpass that of the general crypto market, the new way of lending and saving has garnered positive media coverage and “praise”.  DeFi shows great promise and the market is starting to reflect this, as many DeFi-based tokens have been pumping strongly in 2020, with some tokens showing gains above 60% in the past 5 days. According to a report provided to Delphi Digital’s clients, tokens for popular…

5 Surprising Facts From Gavin Andresen’s Sworn Deposition

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The recently released deposition of Gavin Andresen in the case of Kleiman v. Wright sheds new light on the personalities of Craig Wright, Satoshi Nakamoto, and not least of all, Andresen himself. Craig Wright called himself a fraud In an email to Andresen, Wright apparently admitted to being a fraudster: “I am a fraud, but I am a fraud that is free to work on what I need to do.” Perhaps this admission (now in public domain) will make further lawsuits more challenging for Wright. Andresen may have had an…