The bitcoin market is seeing some pullback as the monthly and weekly resistance level has proven to be a tough level to crack. If we fail to reclaim the $7,800s, we can expect to see a retest of the $7,300s and if that level doesn’t hold, we will very likely see a test of the low $6,000s.
The founder of defunct cryptocurrency exchange Cryptopia, which shut down following a hack in January 2019, has launched a new exchange called Assetylene.
The Australian Federal Police has charged a government employee alleged to have misused government IT infrastructure for personal cryptomining operations, earning about $6,200.
Laszlo Hanyecz invented GPU mining, but all he got in return was a sh** pizza meme — a cultural callback that dwarfs his more groundbreaking contributions to the space. But he’s taking it all in stride.
According to court documents revealed in the proceedings between Tether, Bitfinex and the New York’s Attorney General, Tether has used some of the cash reserves meant to back its stablecoin to purchase bitcoin.
In an open letter to Representative Tom Emmer, IRS Commissioner Charles Rettig promised to make clarity around cryptocurrencies for taxpayers a priority at his agency.
“There is no such thing as consensus on the Lightning Network; instead, we have compatibility. That means you can literally break the rules of the majority, as long as there are other people that have an incentive to break the rules with you. “
A Dutch news outlet has reported the arrest of a local man on charges of deceiving investors with a bogus bitcoin mining scheme.
Bitcoin business leaders in Canada have pushed back against the Canadian Securities Administrators’ “Proposed Framework for Crypto-Asset Trading Platforms,” which could impose a security law framework on cryptocurrency exchanges.
The first Bitcoin OTC Teller Machine in Beijing was removed shortly after its installation, completing a test run but not signaling any lasting traction for mainstream bitcoin adoption in China.
We’re currently seeing a rejection on a macro resistance level which could see us pushing down into the $6,600s.
“I’m interested in what happens when the market crashes and I’m interested in preserving an environment where people can have alternative ideas that might help solve the problems we have. I think that’s what bitcoin offers: an alternative. I want a free marketplace.”