Cryptocurrency companies and law enforcement agencies join forces to battle human trafficking. A new consortium of cryptocurrencies was launched in late April within the Anti-Human Trafficking Intelligence Initiative (ATII).
The People’s Bank of China (PBoC), with three other state financial regulators, has proposed a plan to set up a finance trade platform exclusively powered by blockchain technology for the Guangdong-Hong Kong-Macao Greater Bay Area.
The altcoins are trading in their respective bull markets. Nonetheless, as the coins reached the overbought regions, there was a change in the trend. The cryptos resumed trading in a sideways trend. A rebound or breakout is possible at the overbought regions which will propel the coins to resume the uptrend.
Members of the Proof of Stake Alliance (POSA) have approached the US Securities and Exchange Commission (SEC) to improve existing regulations within the blockchain and cryptocurrency industry.
With the outbreak of coronavirus, China, which had an emergency in job problems, is now pursuing job stabilization and has classified blockchain technical experts as official jobs.
Yesterday, buyers turned down from the $0.20500 resistance after an attempt to push the price above it. Certainly, the bulls lack buying power at higher levels.
Ethereum has been trading below the $200 resistance since the last bearish impulse. It has fallen to $180 low and the bulls have been struggling to push ETH above the previous highs.
Since April 29 and May 10, BCH has been range-bound between $230 and $280. In late April, BCH rebounded and reached the $280 resistance zone. Thereafter BCH dropped as it reached the overbought region.
The market for identity authentication management using blockchain and distributed ledger technology (DLT) is likely to grow to around $11.46 bln by the year 2026 – just six years from today.
After its May 10 breakdown, the bulls rejected further downward movement from the bears. The bears have fallen to the initial $39 low as buyers step in to push price upward.
As the world continues to come to terms with a new way of living and working, confined to homes and restricted travel as a result of the ongoing pandemic lockdown measures from governments across the world, the crypto community online has risen to show is support for relief efforts in the COVID-19 fight
The United States tax authority, the Internal Revenue Service (IRS), is looking for an outside firm (contractor) to help with crypto asset tax calculations and produce a clear income statement.
About 48 hours ago, buyers took the initiative to reach the $0.20500 resistance but were resisted. Before now, Ripple has been sunk to $0.17500 low after a breakdown on May 10.
The Vietnamese government has set up a 9-member committee charged with monitoring crypto-related activities and proposing appropriate government policies.
Over the weekend, on May 10, Ethereum suffered a breakdown from its recent high of $210. The market made a sharp drop to $180 low. After the breakdown, the crypto went into three days of consolidation above $180.