Ripple Price Analysis: XRP/USD Holding Key Support

Key Highlights Ripple price is following a bullish path above the $0.4750 pivot level against the US dollar. There is a major bullish trend line in place with support at $0.4900 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to extend the current upside move as long …

International Coalition Set to Tackle Cryptocurrency Tax Crime

In a bid to fight the threat of cryptocurrency tax crime, the United States Internal Revenue Service (IRS) has joined with tax authorities from Australia, Canada, the Netherlands and the United Kingdom to form the Joint Chiefs of Global Tax Enforcement (J5), according to a press release. The J5 is a response to a request …

The Pirate Bay Resumes Cryptojacking But Should it Even be an Issue?

The Pirate Bay (TPB) has resumed its cryptojacking activities. The P2P file-sharing platform launched another browser script that hijacks unused CPU power of site users to mine cryptocurrency. TPB launched a similar browser script in September 2017 but discontinued it after vociferous protests from site users. TPB is Running the Crypto Loot Web Miner According …

EU’s Report on Cryptocurrencies: Says Officials “Should Not Ignore” Them

The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.” Authored by Marek Dabrowski and Lukasz Janikowski, the report comes at the request of the European Parliament’s Committee on Economic and Monetary Affairs, and its findings are a focal point …

Chinese Court Accepts Evidence On The Blockchain in Landmark Case

Chinese courts have recognized Blockchain-based evidence as suitable for use in legal proceedings in a landmark case commentators are saying “has huge implications.” Court: ‘New’ Tech Should Not Get Unfair Treatment A judgement from the Internet Court of Hangzhou translated on social media by Messari head of business development Katherine Wu June 29 confirmed a …

Bitcoin (BTC) Technical Analysis

It’s the dawn of a new month and in what will likely be the beginning of Bitcoin reversing previous losses. For perspective, Bitcoin prices are up three percent in a week over week basis. Because of these developments, Bitcoin bulls can begin looking for triggers on dips to load up in lower time frames. From …

Ross Ulbricht Is Denied Prison Sentence Review by Supreme Court

The Supreme Court announced on June 28, 2018, that it will not reconsider the conviction or life sentence of Ross Ulbricht, the alleged mastermind behind the darknet site Silk Road. At press time, no reason has been provided for the Court’s decision. Ulbricht was first arrested in October 2013 at the Glen Park Branch Library …

Abnormal Tether Price Moves on Kraken Leave Analysts Puzzled

Massive trade orders on Kraken fail to sway the price of Tether any further than modest ones, leaving researchers and analysts puzzled. Unlikely Coincidences “USD-backed” Tether (USDT) is making headlines yet again for the dubious activity surrounding the token. A report from Bloomberg today details evidence that Tether markets on the US-based Kraken exchange are …

BitMEX CEO: Bitcoin Will Move to $50,000 by the End of 2018

Bitcoin has recently hit weekly highs after a quick bounce off a $5,800 low, BitMEX’s CEO calls for further moves upwards. Bitcoin See Volume Pump, Moving $600 Upwards Within 5 Hours. On Friday night, Bitcoin saw an unexpected surge in exchange volume, quickly bouncing from the $5,800 price level. Bitcoin fell under $5,800 on Thursday, …