$9,500 is Imminent For Bitcoin Despite 5% Intraday Gain: Here’s Why

Bitcoin gained bullish momentum above the key $8,800 resistance. As a result, BTC price surpassed $9,000 and it seems like the bulls are now aiming a test of $9,500. Bitcoin price is rising and it is now trading nicely above $9,000 against the US Dollar. The bulls are in control and there are high chances of a run towards $9,500. There is a key bullish trend line forming with support near $8,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate…

Gemini Hires Former Circle Compliance Officer to Oversee European Market

Cryptocurrency exchange Gemini has hired former Circle compliance officer Blair Halliday as chief compliance officer and money-laundering reporting officer for the U.K. and Europe, the company announced Tuesday. Halliday will report to Gemini’s managing director of U.K. and Europe, Julian Sawyer, and will work closely with the firm’s NYC-based chief compliance officer, Noah Perlman, who was formerly global head of financial crimes at Morgan Stanley. The move comes as ramped-up regulations go into effect with the European Union’s Fifth Anti-Money Laundering Directive (AMLD5), which requires crypto firms to demonstrate compliance…

Singapore Announces New AML Rules for Crypto Businesses

The Monetary Authority of Singapore (MAS) is updating its regulatory framework for digital payments. Announced Tuesday, Singapore’s Payment Services Act 2019 (PSA) brings so-called Digital Payment Token (DPT) services – effectively covering all crypto businesses and exchanges based in Singapore – under current anti-money laundering (AML) and counter-terrorist-financing (CTF) rules. As such, crypto businesses in Singapore are required to first register and then apply for a license to operate in the jurisdiction.  Similar to the Fifth European Anti-Money Laundering Directive (AMLD5), which went into effect Jan. 10, Singapore’s new rules…

Telegram’s Court Case Has Identified Several Investors

Recent developments in Telegram’s legal battle have revealed the names of investors who participated in the company’s multi-billion dollar token sale in 2018, as first reported by CoinDesk on Jan. 27. Most notably, statements during the deposition of Telegram CEO Paval Durov revealed that Mickey Malka of Ribbit Capital was an early investor. Malka is best known within the cryptocurrency industry for his role in the now-defunct Bitcoin Foundation. A separate document indicates that the venture capitalist David Yang took part in the sale as well. Yang is a member…

Ripple (XRP) Bulls In Driver’s Seat For A Run To $0.30: Here’s Why

Ripple is slowly rising above $0.2300 against the US Dollar and following both Ethereum and bitcoin. XRP price is likely to continue higher towards $0.2500 or $0.2850 in the coming days. Ripple price is trading with a bullish bias above the $0.2300 resistance against the US dollar. The price tested the $0.2350 resistance and it remains supported on dips. There is a major bullish trend line forming with support near $0.2305 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to rise further…

This Scenario Will Trigger A Larger Ethereum Rally: Key Levels To Watch

Ethereum gained momentum and broke the key $170 resistance and bitcoin rallied above $9,000. ETH price seems to be forming a larger trend and it could even clear $180. There were decent bullish moves in Ethereum above the $165 and $170 levels against the US Dollar. The price is up around 4% and it is likely to climb towards the $180 resistance. There is a key bullish trend line forming with support near $170 on the hourly chart of ETH/USD (data feed via Kraken). There could be a larger rally…

Bitcoin Price Breaks Through Key Resistance as Traders Target $9.2K

Bitcoin daily price chart. Source: Coin360 Bitcoin (BTC) bulls appear to have found a second wind which allowed them to push the price above $9,000 to daily high at $9,150.  As discussed in an earlier analysis, bulls had been fighting to hold the price above $8,800 throughout the day and multiple attempts at knocking out the $9K mark were held back by $8,963 and $8,985.  BTC USD 6-hour chart. Source: TradingView Traders will now look for Bitcoin to sustain above $9,118.85 in order to flip the $9,100 to $9,200 zone…

Coinbase and Ripple Execs Unveil Master Plan to Drive US Crypto Adoption

Two executives at Coinbase and Ripple are leading a push for smart regulations and transparency in the crypto-sphere that would arguably drive adoption and take blockchain technology mainstream.  Market integrity must improve The Market Integrity Working Group’s co-chairs want regulators to grasp how they can advance the cryptocurrency industry. In an official company statement, Coinbase senior director and associate general counsel Rachel Nelson, in conjunction with Ripple’s head of global institutional markets Breanne Madigan, wrote:  “To improve market integrity and provide consumers the confidence they deserve, Congress may need to…

Ditto Music to Launch App Offering Speedy Blockchain Solution

Ditto Music will launch Bluebox, a blockchain recording technology that could be a boon to musicians and distributors alike.  What it’s all about The problem, says Ditto Music CEO Lee Parsons, is that misplaced metadata can end up eating away at the bottom line.  Recently Ditto made a royalty payment of 60,000 pounds sterling ($80,000) to the wrong artist. Parsons reportedly had to pay the correct artist out of his own pocket.  But Bluebox will allow artists to address legal concerns, such as copyright registration, publishing, and mechanical splits. The…

Deutsche Bank Says Digital Currencies Could Be Mainstream in 2 Years

A digital currency could see widespread adoption within the next few years, a new report by Deutsche Bank suggests. Published Monday, the Deutsche Bank report said digital currencies, while only a decade old, have already been shown to have the “potential to radically change payments, banking, central banking and the balance of economic power.” “We believe a new digital currency could become mainstream within the next two years,” according to the report, with both China’s digital yuan initiative and Facebook’s Libra project expected to launch this year. The report said…