Bitcoin (BTC) Stuck Around 4,000, But Analysts Expect a Drop as Upwards Momentum Fizzles

The crypto markets are experiencing a relatively quiet Friday as Bitcoin continues to trade sideways in a tight trading range between $4,000 and $4,100. This stability should not fool traders, however, as analysts expect BTC to drop in the near future as its upwards momentum begins to fade. If Bitcoin is unable to garner more

The post Bitcoin (BTC) Stuck Around 4,000, But Analysts Expect a Drop as Upwards Momentum Fizzles appeared first on NewsBTC.

Crypto Ratings: China Prefers Smart Contract Platforms, Bitcoin Downgraded

The Centre for Information and Industry Development in China (CCID) has updated its monthly crypto project rankings. Following the update the top three spots on the list of most promising public blockchain-based assets are compromised of the Ethereum network (ETH), Tron (TRX), and EOS, whilst Bitcoin (BTC) fell on the list. CCID looked at a

The post Crypto Ratings: China Prefers Smart Contract Platforms, Bitcoin Downgraded appeared first on NewsBTC.

Report: Bitcoin and Crypto Markets More Regulated Than Widely Thought

There is a common motif within the crypto markets that the advent of “do-no-harm” regulation would allow for an influx of institutional, corporate, and public funds that will help propel Bitcoin and other cryptocurrencies higher. Despite this, a recent report conducted by Bitwise Asset Management explains that the nascent markets are actually significantly more regulated

The post Report: Bitcoin and Crypto Markets More Regulated Than Widely Thought appeared first on NewsBTC.

BIS Manager: Bank-Issued “Crypto” Will Make for “Unpredictable” Consequences

The manager of the Bank of International Settlements (BIS) has voiced opposition to the initiatives proposed by JP Morgan and other banks to issue their own digital currencies, which borrow from the design of crypto, whilst omitting its truly liberating features. Augustin Carstens made his comments during a speech at the Central Bank of Ireland

The post BIS Manager: Bank-Issued “Crypto” Will Make for “Unpredictable” Consequences appeared first on NewsBTC.

It Will Take Another Year to Know If Ripple’s XRP is a Security or Not

It will take more than a year to understand whether or not Ripple’s XRP is a securities asset, according to Jake Chervinsky. The dispute and investigation lawyer, associated with a global law firm Kober & Kim, tweeted a long thread explaining the next possible course of actions in the ongoing federal lawsuit against Ripple Labs.

The post It Will Take Another Year to Know If Ripple’s XRP is a Security or Not appeared first on NewsBTC.

Ripple (XRP) Align Well with Islamic Principles, Rain to offer Support

Ripple prices drop but bullish Bahrain based Rain will offer six XRP trading pairs to their clients Transaction volumes low averaging 15 million Rain is the first crypto exchange to graduate from SRB’s sandbox and is Sharia compliant. With Ripple presence in Middle East pronounced, XRP prices may respond driving them above 34 cents and

The post Ripple (XRP) Align Well with Islamic Principles, Rain to offer Support appeared first on NewsBTC.

Tron (TRX) Firm above 2 Cents, Odyssey v3.5 Upgrade is Consequential

Tron prices steady above 2.1 cents Odyssey v3.5 lays the ground for HNWI says Justin TRX volumes must exceed 15 million and 40 million confirming or nullifying our bullish stance The upgrade to Odyssey v3.5 introduces multi-sig addresses, a feature that is attractive for institutions and other high net worth investors. That is a necessary

The post Tron (TRX) Firm above 2 Cents, Odyssey v3.5 Upgrade is Consequential appeared first on NewsBTC.

Mt Gox Settlement and $593 Million of BTC and BCH, Will Bitcoin Rally?

Bitcoin prices steady after yesterday’s sell-off Mt Gox trustee approved 802,521 BTC as claims Volumes stable but below average Wholesale liquidation of Bitcoin and Bitcoin Cash stash in the hands of Nobuaki could heap pressure on responsible exchanges. Besides, it will also cause unnecessary price fluctuation that may work against victims triggering a sell-off towards

The post Mt Gox Settlement and $593 Million of BTC and BCH, Will Bitcoin Rally? appeared first on NewsBTC.

How Bitcoin Higher High Formation Could Push It to $2,000

The next upside push in the bitcoin market could prompt the cryptocurrency a form new bottom below $3,100. Josh Rager, a hugely followed cryptocurrency market analyst, pitted the current bitcoin price action against another one from the year 2015. He found striking similarities between them, mainly related to a higher high and a higher low

The post How Bitcoin Higher High Formation Could Push It to $2,000 appeared first on NewsBTC.

Bear Market Will Stop Crypto Exchanges Faking Volume, Says Researcher

A report by the Blockchain Transparency Institute (BTI) claims that many exchanges are using bots to fake trading volume. Their research shows that wash trading affects over 80% of the top 25 bitcoin pairings. Furthermore, allegations of this being a deliberate business practice present significant concerns for the industry. Which is already struggling to gain

The post Bear Market Will Stop Crypto Exchanges Faking Volume, Says Researcher appeared first on NewsBTC.