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Bitcoin Cash Price Technical Analysis – BCH/USD Breaks $1,200

Key PointsBitcoin cash price did not correct higher and declined below the $1,200 support against the US Dollar.There are two bearish trend lines forming with resistance at $1,250 and $1,280 on the hourly chart of BCH/USD (data feed from SimpleFX).The pair may decline more in the near term and it could even break the $1,100 support level.Bitcoin cash price declined further below $1,200 against the

France Cracks Down on Bitcoin Derivatives

Featured Autorité des marchés financiers (AMF), the independent regulatory body governing France’s stock market, issued two statements today, one on initial coin offerings (ICOs) and another on the prospect of bitcoin derivatives. Both point to more oversight to come for crypto in France, including everything from formal authorizations to a ban o

Bitcoin Price Technical Analysis for 02/23/2018 – Short-Term Reversal Signal

Bitcoin Price Key HighlightsBitcoin price recently formed a head and shoulders pattern on its 1-hour chart.Price has broken below the neckline to show that a downtrend is underway.The chart pattern spans more than $1,000 in height so the resulting selloff could be of the same size.Bitcoin price broke below a short-term head and shoulders pattern to signal that more losses are in the cards.Technica

Centralized Cryptoruble Not Possible, Minister Tells Putin

Blockchain The Russian Ministry of Finance is not against a national cryptocurrency, provided the state does not participate in it. The creation of a centralized coin, like the cryptoruble, seems impossible, as cryptocurrencies are based on decentralized ledgers, Finance Minister Anton Siluanov told President Putin, according to Russian media.  

California Bill Aims to Recognize Blockchain Records

News The state of California has introduced a new bill that aims to recognize blockchain transactions, digital signatures, and smart contracts as a legal form of record. Assemblyman Ian Calderon introduced Assembly Bill 2658 on February 20 in order to re-define laws that apply to electronic records that take place within the state.  Also read:&n

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British Man Charged With Using Bitcoin to Launder 11.5 Million Euros

A British man has been arrested on money laundering charges in Holland. He is alleged to have been running a “money cleaning” service for clients trading on the dark web between the years 2014 and 2016. The Dutch Public Prosecutor demanded on Wednesday that he serves at least five years in prison.Funds Likely Came From Illicit SourcesAccording to NL Times, the laundered money is thought to hav

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Russian Foodie Boris Akimov “Tokenizes” Himself: Offers Expertise and Advice

Russian celebrity, organic food fan, cryptocurrency enthusiast, and co-creator of BioCoin, Boris Akimov, has decided to “tokenize” himself. Akimov, founder of Russian online organic food exchange LavkaLavka, will launch his own cryptocurrency, Akimov coin, on the Waves Platform, a blockchain system developed in Moscow. As of today, Waves has not issued any further details about the coin or its

Venezuela Orders Government Services to Accept Any Cryptocurrency

Featured Venezuela’s president Nicolas Maduro has ordered the country’s consular services, as well as several other services and gas stations, to accept any cryptocurrency including the nation’s own petro. In addition, he has announced the launch of another cryptocurrency, this time backed with gold.Also read: Indians Look to Buy Bitcoin O

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Tezos Foundation Reorganizes, Gevers Steps Down

After months of infighting between the organizers of Tezos, a blockchain project currently in development, and the Tezos Foundation, a Swiss nonprofit that controls the project’s pursestrings, the two remaining original members of the Foundation have “voluntarily” resigned. This means that since December, the entire three-person board has been replaced.According to an announcement by the Tez

Say Goodbye to the Freeloaders – Make Your Data Pay

Last year Facebook reeled in revenue of $40.65 billion and its net income grew by a massive 56%. How does it make so much money from the social network? Well, it does it by monetizing the data that its users voluntarily provide, as well as the data users don’t even know they are providing.With two billion users of the platform worldwide, Facebook likes to position itself as service that aims to

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