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The Price of Bitcoin Is Facing Its Final Resistance Zone Before $15K

Source Node: https://cointelegraph.com/news/the-price-of-bitcoin-is-facing-its-final-resistance-zone-before-15k
Time Stamp: August 8, 2020 10:41 AM - Modified On: May 21, 2021 - Published By:
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The price of Bitcoin (BTC) is facing its final resistance zone until the bull market is on fire. However, will it break through this resistance zone in one attempt? The charts suggest that the $11,600-12,000 area is a crucial level to break if the price of BTC is to continue moving higher. As the price of Bitcoin couldn’t break through that resistance zone, a slight drop occurred on Friday from $11,900 to $11,350, after which BTC has managed to pare most of the losses since.Crypto market daily performance. Source: Coin360Bitcoin faces

Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards

Source Node: https://cointelegraph.com/news/slow-but-steady-fatf-review-highlights-crypto-exchanges-struggle-to-meet-aml-standards
Time Stamp: August 8, 2020 9:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs —  the term mainly referring to cryptocurrency trading platforms — must eventually implement in their day-to-day operations. The guidelines are framed as recommendations, and the FATF leaves it to the participating nations’ governments to develop their own regulations in accordance with suggested principles.The watchdog has also set a 12-month review timeframe to monitor the public and

Major South Korean Bank Joins the Crypto Custody Business

Source Node: https://cointelegraph.com/news/major-south-korean-bank-joins-the-crypto-custody-business
Time Stamp: August 7, 2020 10:00 PM - Modified On: May 21, 2021 - Published By:
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KB Kookmin Bank, one of the largest banks in South Korea, has partnered with blockchain venture fund, Hashed, and crypto trading platform, Cumberland Korea, to establish “strategic technology cooperation” on the custody of digital assets.The companies belonging to the partnership state that their inception into the crypto custody business is a response to regulatory changes. These changes encouraged them to look into new business models — specifically ones which rely on blockchain technology.Simon Kim, CEO of the Seoul and San Francisco-based firm, Hashed, stated:"Combining our insight in the blockchain industry

Bullish Bitcoin Price Trend Intact Even After BTC Retests $11.4K Support

Source Node: https://cointelegraph.com/news/bullish-bitcoin-price-trend-intact-even-after-btc-retests-114k-support
Time Stamp: August 7, 2020 9:48 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

 Bitcoin (BTC) price swiftly fell to $11,322 after reaching a daily high at $11,909The drop came as U.S. jobless claims fell to $1.2 million but lawmakers inability to reach a deal on the next coronavirus stimulus package has worried some investorsDespite the pullback to the $11.4K support, Bitcoin price remains in an uptrend Crypto market daily price chart. Source: Coin360Earlier today Bitcoin (BTC) price abruptly dropped to $11,322 after topping out at $11,909.The mild correction came as U.S. jobless claims fell to 1.2 million and U.S. markets opened slightly in the

These Factors Suggest Bitcoin Could Hit $13,900 if Bulls Defend One Key Level

Source Node: https://bitcoinist.com/these-factors-suggest-bitcoin-could-hit-13000-if-bulls-defend-one-key-level/?utm_source=rss&utm_medium=rss&utm_campaign=these-factors-suggest-bitcoin-could-hit-13000-if-bulls-defend-one-key-level
Time Stamp: August 5, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin’s consolidation phase within the lower-$11,000 region has resulted in a powerful push up towards $12,000 Although the crypto has yet to re-test this level, it does seem as though a movement to this level could be imminent in the near-term Multiple analysts are now offering bullish outlooks on BTC in the near-term One such trader is noting that a move up towards $13,000 could be brewing in the days and weeks ahead There are a plethora of different technical factors that could help this rally come to fruition Bitcoin

dYdX Full Guide: A DeFi Margin DEX

Source Node: https://www.asiacryptotoday.com/dydx-guide/
Time Stamp: August 5, 2020 6:52 AM - Modified On: May 21, 2021 - Published By:
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DeFi protocol dYdX might seem like another trading and lending platform based on Ethereum, but that’ only the tip of the iceberg. Probing further, you’ll find out that this protocol is challenging the status quo to take Decentralized Finance to new heights. Margin trading, derivatives, and options are the relevant tools that power traders use. Unfortunately, in the crypto space, these tools are mostly available only on centralized exchanges like Binance, Huobi, and Kraken. With dYdX, the entire traditional trading spectacle is now built in a permissionless and decentralized mechanism. Table

XRP Forms Crushing Textbook Reversal Sign After 30% Explosion

Source Node: https://bitcoinist.com/xrp-forms-crushing-textbook-reversal-sign-after-30-explosion/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-forms-crushing-textbook-reversal-sign-after-30-explosion
Time Stamp: August 4, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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XRP has seen an extremely strong rally over the past few days, outperforming Bitcoin and even Ethereum on some days. Since July 22nd, the asset has gained in excess of 50%, reaching highs not seen since the February blow-off top. Some analysts see this price action as a precursor to a macro bull run for XRP. While this may be true, the leading altcoin is printing some signs that it will reverse for a few days or weeks, then potentially it may head higher. XRP Could Soon See Reversal: TD

Bitcoin Black Friday 2020 Will Host Major Discounts For BTC Payments

Source Node: https://bitcoinmagazine.com/articles/bitcoin-black-friday-2020-will-host-major-discounts-for-btc-payments?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-black-friday-2020-will-host-major-discounts-for-btc-payments
Time Stamp: August 4, 2020 4:10 PM - Modified On: May 21, 2021 - Published By:
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Before Bitcoin was a movement, it was a digital currency. While the store-of-value aspect of Bitcoin gets highlighted often, the permissionless payments side often doesn’t receive the attention it deserves. In 2012, Jon Holmquist embraced the Black Friday holiday in order to help Bitcoiners showcase the advantages of their favorite technology, launching BitcoinBlackFriday.com and hacking a mainstream cultural moment into a tool for Bitcoin adoption. In years past, thousands of merchants have participated in Bitcoin Black Friday, offering special discounts for those willing to pay in BTC. P2P marketplaces have

Why Klaytn and Link Will Catalyze Blockchain Adoption in Asia

Source Node: https://bitcoinist.com/why-klaytn-and-link-will-catalyze-blockchain-adoption-in-asia/?utm_source=rss&utm_medium=rss&utm_campaign=why-klaytn-and-link-will-catalyze-blockchain-adoption-in-asia
Time Stamp: August 4, 2020 12:23 PM - Modified On: May 21, 2021 - Published By:
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In the last two years, popular messaging giants in Asia and Europe have announced plans to launch a blockchain-powered cryptocurrency. In Asia, Kakao’s Klaytn and Line’s Link platform have launched and are quickly gaining momentum, but Facebook and Telegram’s cryptocurrencies have not fared so well. Messaging Giants Pushing Blockchain Adoption As it stands, Kakao is by far the most dominant mobile platform in Korea with a market share of 97% in the country. Kakao subsidiary Ground X began development of Klaytn back in 2019, after raising $90 million in both

Ethereum eSports Betting: How to Get Started

Source Node: https://bitcoinchaser.com/ethereum-esports-betting/
Time Stamp: August 4, 2020 10:33 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Nowadays, if you are interested in gambling, it’s hard to say you have never heard of cryptocurrency. It is no longer the question of what is cryptocurrency but rather which cryptocurrency is the best option. When you looking at one’s financial options, it is hard to make a blanket call on what is the best route to go, but as far as what we can see, when it comes to online gambling one of the best and most rewarding routes to go would be making use of Ethereum in the