Bitcoin moved closer to $40,000 during Thursday’s session, as traders continued to react to yesterday’s Fed rate hike. The FOMC opted to increase interest rates by 0.5% during May’s meeting, which is the largest hike in over twenty years. Bitcoin Bitcoin rose for a second consecutive session on Thursday, as bulls were buoyed by the Fed’s decision to increase interest rates. Following yesterday’s surge, BTC/USD climbed even higher during today’s session, as it moved closer to the $40,000 level. BTC hit an intraday high of $39,902.95 earlier today, which is the highest point prices have reached since last Thursday. BTC/USD – Daily Chart Today’s rally was halted by a key resistance point of $39,800, which has historically been the main obstacle preventing prices entering $40,000. Looking at the chart, this resistance coincided with another ceiling within the RSI indicator, as price strength was unable to move past 48.70. As we identified yesterday, this level of resistance would be an area of contention for both bulls and bears, and it seems that bears have so far won this battle. Ethereum ETH was also higher during today’s session, as the uncertainty surrounding the Federal Open Market Committee (FOMC) meeting finally passed. As this cloud passed, bulls seemed to be tentatively returning to crypto markets, with ETH hitting a one-week high as a result. This high was the $2,956.69 point which ETH/USD hit earlier today, and comes following a low of $2,829.99 yesterday. ETH/USD – Daily Chart Thursday’s move saw ethereum marginally pass its long-term resistance level of $2,950, climbing over 2% from yesterday’s low in the process. Despite this upwards momentum, some bulls have backed away as we hit resistance, with earlier gains easing, likely as a result of positions being closed. Momentum however continues to be bullish, as the 14-day RSI is tracking at 48.50, which is above its own ceiling. TAGS IN THIS STORY Analysis, Bitcoin, BTC, ETH, Ethereum Once we enter the $3,000 level, will we see a sustained rise in prices? Leave your thoughts in the comments below. till us your opinion send mail to [email protected] market will rise or down again :).
22 days ago, Bitcoin.com News wrote about a Coin Insider trends study that combed through Google Trends data in the United States. According to the report, dogecoin was the most Googled cryptocurrency in the country. Another study — published by askgamblers.com — has covered similar data, but concentrated on the U.K.’s and Europe’s Google searches. According to the report, while bitcoin is the most popular crypto asset in Europe, the study of the trends shows that the meme token shiba inu is the most popular in the United Kingdom. Trends Study Highlights the Most Popular Crypto Assets in Europe, UK — Bitcoin Reigns in Europe, While Shiba Inu Takes the UK This week Bitcoin.com News was sent a report from askgamblers.com that analyzes Google Trends (GT) data over the last year in order to find out what the most popular crypto assets are in the U.K. and Europe. According to the findings, bitcoin (BTC) is the most popular digital currency in Europe as it was the most searched crypto in 21 countries. BTC outpaced the competitors in the askgamblers.com study, as the leading crypto asset rules the roost in countries like Germany, Finland, Norway, Poland, Romania, and Belgium. Askgamblers.com map of the most Googled cryptocurrencies in every European country. While bitcoin (BTC) was the top crypto across Europe, shiba Inu (SHIB) is the most popular cryptocurrency in the U.K., according to the researcher’s collected Google searches. The meme token SHIB saw a significant increase in popularity during the last 12 months. The study’s findings show SHIB commands six different countries and the United Kingdom. In fact, SHIB is huge in Russia, France, Spain, Ukraine, Italy, Hungary, and Switzerland, in terms of GT searches. Additionally, ethereum (ETH) was the third most popular in the study capturing interest from Sweden, Czechia, Latvia, and Slovenia. Then cardano (ADA) held the fourth position in terms of GT search data, as Andorra, the Netherlands, and Bulgaria showed a lot of interest in ADA. With dogecoin (DOGE) being the most popular in the U.S., it is the fifth in Europe as the meme crypto is popular in Albania and Greece. “With 38 million crypto users in Europe, and thousands of cryptocurrencies on the market to choose from, it is fascinating to see which one people are the most interested in investing in,” a spokesperson from askgamblers.com told Bitcoin.com’s newsdesk. “Although bitcoin is the most popular overall, the interest in shiba inu has grown to surpass bitcoin in major countries such as Russia and the U.K.” In the U.S. research study published by Coin Insider, shiba inu (SHIB) only captured seven states across the country. Dogecoin was named the leader in that study as DOGE was the most popular in 23 states in the U.S., in terms of GT searches. SHIB’s popularity in the U.S., according to the data in that specific report, was ranked the fourth most popular crypto in the country. TAGS IN THIS STORY ada, Andorra, AskGamblers, Askgamblers.com, Bitcoin, Bitcoin (BTC), Bulgaria, Cardano, Coin Insider’s study, Czechia, Doge, dogecoin, Ethereum, Europe, European Countries, France, Google trends, Googled Searches, GT metrics, GT searches, Hungary, Italy, Latvia, Russia, shib, shiba inu, slovenia, Spain, Sweden, The Netherlands, uk, Ukraine, United Kingdom What do you think about the popularity of bitcoin in Europe and the shiba inu interest in the U.K.? Let us know what you think about this research study in the email section below send here [email protected]
Rich Dad Poor Dad author Robert Kiyosaki says “Bitcoin has the greatest upside.” He also revealed that he invests in the cryptocurrency because he does not trust “our leaders, the Fed, Treasury, nor the stock market.” Robert Kiyosaki Reveals Why He Buys Bitcoin, Says the Crypto Has the Biggest Upside Robert Kiyosaki, the renowned author of the best-selling book Rich Dad Poor Dad, explained Tuesday why he invests in bitcoin, noting that the cryptocurrency has the biggest upside in the current environment. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki tweeted Tuesday after bitcoin’s price rose past the $50,000 level: "Bitcoin to $50,000. Great news for bitcoin holders. Bad news for mom and pop. The primary reason I invest in bitcoin, gold, & silver is because I do not trust our leaders, the Fed, Treasury, nor the stock market. Unfortunately mom and pop who save money do."
The Philippines has a “Crypto Valley of Asia,” an initiative of the Cagayan Economic Zone Authority, the government agency responsible for managing the Cagayan Special Economic Zone and Freeport. An airport is now being planned for inside this economic zone to address the needs of its investors and crypto service providers. Many cryptocurrency exchanges have been licensed to operate within the zone. Airport Planned for Crypto Valley of Asia The Philippines’ Cagayan Economic Zone Authority (CEZA) has confirmed its plans to build an airport inside its “Crypto Valley of Asia.” According to Administrator and CEO Raul Lambino, the airport will cost between $60 million and $80 million. He was quoted by the Manila Times on Thursday as saying: The construction of a new airport is an important facility in the establishment and realization of the so-called Crypto Valley of Asia concept that we have embarked. The CEO explained that CEZA is now in talks with the country’s Department of Transportation and the Civil Aviation Authority of the Philippines which are responsible for licensing new airports. “We hope we will be able to realize this in the next three years,” he remarked. The Crypto Valley of Asia is a joint initiative by CEZA and private developer Northern Star Gaming and Resorts Inc. to provide a stable and safe region for blockchain developers and crypto exchange operators. The initiative is part of the government’s bid to foster a fintech ecosystem to attract international crypto and blockchain companies to set up shop in the country. Lambino believes that it will help the Philippines “become one of the major offshoring destinations for fintech and blockchain-related work.” Meeting Investors’ Demand According to Lambino, investors and companies operating within the Cagayan Special Economic Zone and Freeport have expressed concern over the lack of airport facilities since they need to get to the crypto valley as quickly as possible. However, the nearest airport to the economic zone, the Cagayan North International Airport, is 80 kilometers away. The CEO noted that a master plan and a feasibility study are currently being undertaken by an American company in collaboration with some of their local partners, the publication conveyed.
According to the Venezuelan government, millions of families have used the petro, the country’s national digital currency, to pay for goods and services. As shoppers rush to spend their coins, merchants are reportedly struggling, effectively forced to sell goods at a deep discount. At least one merchant is said to have been arrested. petro Adoption Rises The Venezuelan government announced on Jan. 4 the successful use of the petro (PTR) for payments between Dec. 18 and Jan. 3. According to the announcement, 2,585,755 transactions were conducted using Biopagobvd, the biopayment system of the Bank of Venezuela which allows people to pay with petros at stores. The government also claims that 1,233,093 people paid with the digital currency at 7,422 stores throughout the national territory during that time period. In addition, Maduro said on Jan. 1 that almost 6 million families have used the petro as a payment method. The Bank of Venezuela, in collaboration with the National Superintendence of Cryptoassets and Related Services (Sunacrip) and the Patria platform, is now making “improvements in its systems for more efficient use of the petro wallet.” The payment system is currently offline for maintenance from Jan. 4-10 “for the adoption of new applications and options,” the Venezuelan government detailed. Merchants Forced to Accept Petros, Effectively Selling Goods at Discount The situation is reportedly not rosy for merchants. According to Purse.io’s head of support, Eduardo Gomez, “The merchants are forced to accept the petro as payment at a fixed rate (2.5 million VES/PTR), whereas you can buy the token in the open market for as low as 1 million VES/PTR.” The Venezuelan explained on Dec. 29: In other words, you can get a 50% profit by buying cheap petro and spend it at the merchants. Subsequently, “The orderbooks in exchanges that trade petro are full in the sell-side and empty in the buy-side,” Gomez continued. “People get a subsidy in the form of a shitcoin in a depressed economy, and merchants are forced to accept the worthless token.” When customers pay with the petro, merchants do not receive the digital currency, however. The Biopago system converts petros into bolivars (BsS) at a set exchange rate and pays the merchants in BsS. The Bank of Venezuela repurchases customers’ petros at its own set rate. Merchants receive petros thinking they are worth $60 a coin. However, according to a calculation by one Twitter user, they actually receive approximately $38.2 worth in bolivars per petro after conversion.
Chinese law enforcement recently busted 72 individuals connected to the Cloud Token (CTO) scam. The Ponzi was similar to the Plustoken fraud and CTO scammers made off with $500 million. According to regional press, the CTO scam artists are likely connected to the Plustoken swindlers. Moreover, after the Cloud Token arrests in China, police in Inner Mongolia warned the public about another MLM crypto project.
On December 10, Switzerland-based firm Amun AG announced the company’s base prospectus has been approved by the Swedish Financial Supervisory Authority (SFSA). The ETP provider said it has extensive plans to expand its digital asset ETPs throughout Europe, while Sweden shows “strong demand” for these products.
+On November 15, shortly after 12 p.m., Bitcoin Cash (BCH) will execute an upgrade of the network’s consensus rules. After the upgrade is locked in, the next block will enforce minimal pushdata in script and the opcodes OP_Checkmultisig and OP_Checkmultisigverify will be upgraded to accept Schnorr signatures. Delivered Code Next Friday, Bitcoin Cash proponents will be watching the BCH chain upgrade the current consensus ruleset in order to add two new features. Developers have been discussing the upgrade for months now and have explained in great detail at developer meetings how the changes apply to the BCH roadmap. Since August 1, 2017, BCH developers have produced a significant number of protocol developments that are unique to BCH. For instance, BCH engineers have increased the block size to 32MB, allowing for a lot more throughput than a 1MB block. In September 2018, BCH surpassed BTC’s daily transaction count by processing millions of transactions in a single day. Bitcoin Cash programmers have re-enabled the old Satoshi opcodes, which can allow for a variety of decision-based transactions, compilers, and other functions. The added opcodes allow for the implementation of OP_Checkdatasig which can be used to calculate the hash within a transaction in order to validate signatures in an automated way. Bitcoin Cash developers also increased the network’s default Data-Carrier-Size to 220 Bytes.
A viral video taken at a Las Vegas event has put self-claimed “Bitcoin co-founder” Jörg Molt in the spotlight this past week. A Twitter user in the space known for hair trigger accusations calls Molt a scammer in the video, and Molt proceeds to knock off the guy’s baseball cap. Amusing as the sophomoric dumpster fires of crypto Twitter may be, Molt’s story is illustrative of all-too-common behavior in crypto worthy of focused caution. Before forking over fees for Molt’s Satoshi School courses or bitcoin branded champagne, be sure to know the real story beneath the great head of hair.
The world’s largest crypto derivatives exchange Bitmex has accidentally doxed tens of thousands of its users. An email newsletter concerning forthcoming updates to Bitmex indices CC’d a large proportion of the company’s mailing list, exposing the addresses of its users to the public. In a second embarrassment, Bitmex had its Twitter account hacked shortly afterward.