North Korea may be using cryptocurrencies to help finance its controversial nuclear program. Intelligence experts explained how the rogue state was using “mixing” and “shifting” services to help it convert digital currencies to fiat money through various exchanges. North Korea might be making up to $200 million through these money transferring and conversion processes, which is just enough to keep its nuclear program running.
On the 4-hour chart, the BTC price is in a sideways trend. The cryptocurrency fell to the price just above $6,400 and commenced a range bound movement. The Relative Strength Index period 14 is level 41 which indicates that price is in the sideways trend zone.
“Blockchain,” one of the leading cryptocurrency wallet providers, announced the launch of an over the counter trading desk this week. The project will offer users the opportunity to make large trades outside of public exchanges. Kraken and itBit have similar trading options, but OTC trading desks are not common on exchanges.
On the 4-hour chart, the price of XRP is in a bullish trend. The XRP price is approaching the price at $0.55 after testing the support level at $0.45. The price is above 12-day EMA and 26-day EMA which indicates that the price is rising.
India’s Supreme Court is now set to hear final arguments from those against a virtual cryptocurrency exchange ban levied by the Reserve Bank of India in April. The Court was originally scheduled to hear the arguments on Tuesday, but is now likely to hear them today, September 26th.
An inside source told the Financial Times this week that the Winklevoss Twins’ regulated cryptocurrency exchange “Gemini” is planning a possible expansion to the UK. While no official announcements were made, a Gemini spokesperson released a statement responding to the rumors shortly after the story was published.
Coinbase, the USA’s largest cryptocurrency exchange has announced a new assets listing framework that will greatly increase the number of listed assets and make listings more frequent than they currently are,
All coins from the top 10 coins by 24-hour volume posted positive changes, ranging from 1.05% to 20.41%. Google to allow regulated crypto Exchanges to buy ads in U.S. and Japan. 75 New Banks Join JPMorgan-led Blockchain Payments Pilot Program.
On Tuesday (25 September 2018), Nobuaki Kobayashi, the trustee of now-defunct crypto exchange Mt. Gox, confirmed that he liquidated around $230 million worth of Bitcoin (BTC) and Bitcoin Cash (BCH) in the most recent round of sales.
A recent study named “Crypto Asset Market Coverage Initiation: Trading & Custody,” has bullish predictions for the crypto industry in the coming year. The report found that the trading volume will likely grow by 50% in 2019 and exceed that of US Corporate Debt trading in 2018 and that it is likely to reach 10% of US Equity trading volume.
This week, the grand opening of the largest bitcoin farm in the world was overshadowed by a threat from the city that they would be temporarily shut down in case of a heat wave. BitFury and Hut 8 set up the mining farm in Medicine Hat, Canada with the expectation that they would be welcome in a region that is known as a top energy producer.
Hacked crypto exchange Zaif has been ordered by the
FSA to adhere to a business improvement order requiring it to determine the cause of the recent security breach.
$60 million in cryptocurrency was stolen and Zaif is looking to sell the majority of its shares in order to intitiate a claims process for the victims of the hack.
The XRP price is on a price correction after a price rally at the high of $0.78. On the 4-hour chart, the XRP price is in a bearish trend. Meanwhile, the Relative Strength Index period 14 is level 40 which indicates that price is in the range bound trend zone.