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Higher Compliance Costs for Bitcoin Holding Companies Under Biden Presidency, Ripple CEO Forecasts

Brad Garlinghouse believes that bitcoin holding companies will soon be affected by new policies from the Biden-led administration. Bitcoin Will be Subject to Climate Change Management Policies According to a tweet on Monday (November 9, 2020), Ripple CEO Brad Garlinghouse has envisaged that Bitcoin holding companies might come under scrutiny once the Biden admin begins to carry out its climate change management policies. Ripple’s head said firms that are hodlers of the...

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India Seeks to Establish Crypto-Based Banking Institutions

India is looking to potentially set up cryptocurrency-based banks within its borders. This creates a rather interesting scenario in that the country cannot seem to decide if it wants to ban crypto transactions for the future, though until that decision is made, it’s going to cash in on everything crypto has to offer.Will India Have a Ban or Won’t It?Recently, the ban that was in place in India – one that prevented banks from working with crypto-based businesses and applications – was deemed...

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Bitcoin Hits $16K For a New 2020 Record: 325% Up Since March Yearly Low

Bitcoin continues its positive price development as it just managed to take yet another coveted milestone – the $16,000 mark. With this most recent increase, bitcoin’s price has increased by as much as 325% from the lows that it encountered back in March 2020 as the COVID19 pandemic was announced. It’s worth noting that this is another yearly high. It’s also interesting to see how high can Bitcoin go during its current bull run. At the time of this writing, we are only 25%...

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Tax Collector Greenberg Under Fire for Illicit Purchase of Crypto Equipment

2020 has been a major year for fraudulent activity involving cryptocurrency, and now comes a new case to be added to the record books. As Seminole County Tax Collector, Joel Greenberg is accused of misusing taxpayer funds to purchase crypto servers and a whole lot of other items for himself.Greenberg Is Now Facing the MusicWe see this all the time with projects such as initial coin offerings (ICOs) and similar ventures. The people in charge decide that they’re going to charge a certain amount...

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KuCoin-Hack mit Happy Ending: Bitcoin-Spezialisten holen gestohlene Coins zurück

Im September ist es wieder einmal passiert: Eine der grossen Bitcoin-Börsen wurde gehackt. 150 Millionen US-Dollar gestohlen und zwar von KuCoin. Aber nun nimmt die Geshichte eine gute Wendung: Wie die Gründer von KuCoin heute bekannt geben, konnten Bitcoin-Analysten Coins zurückholen. Zum damaligen Zeitpunkt stahl der Hacker 79.956 BTC. Nun konnten diese Coins auf der Blockchain verfolgt werden und...

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KuCoin Has Recovered 84% Of All Stolen Funds, CEO Confirms

Over a month after being hacked and drained for nearly $300 million worth of various cryptocurrencies, the popular exchange KuCoin has recovered 84% of all funds. The company’s CEO also indicated that they will resume full service for all tokens by November 22nd. KuCoin Recovers 84% Of All Stolen Funds As CryptoPotato reported in late September, the cryptocurrency exchange KuCoin experienced a “security incident,” which resulted in the loss of millions of dollars worth of...

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Bitcoin Price Climbing to $20,000 and Volatility Spike in November Very Likely: Kraken Report

Kraken released it’s August Bitcoin Volatility Report 2 months ago. Then the cryptocurrency exchange sounded supremely confident about BTC registering higher highs as the year ends. In its October version of the same report, Kraken has maintained its bullish stance. November will see bitcoin log much higher price and volatility rallies. Also, BTC might as well be on the way to reclaiming the previous all-time high of $20,000. Bitcoin Price And Volatility To Climb In November...

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Ethereum Infrastructure Provider Down: Exchanges Halt ETH Withdrawals

The world’s leading cryptocurrency exchange, Binance, has temporarily suspended withdrawals for ERC20 tokens. Upbit and Huobi follow suit. The issue comes after Infura – an Ethereum infrastructure provider is also experiencing problems. The team announced earlier today that they are experiencing a service outage for their Ethereum Mainnet API. In a later update, they’ve revealed that they brought additional capacity online for the affected components and are “continuing to...

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Tron (TRX) Price Analysis: Bulls Eye Upside Break Above $0.026

Tron price started a downside correction after trading as high as $0.0267 against the US Dollar.TRX price is currently just above $0.0250 and the 55 simple moving average (4-hours).There is a major contracting triangle forming with resistance at $0.0252 on the 4-hours chart (data feed via Bitfinex).The pair is likely to start a strong increase if there is a clear break above $0.0252 and $0.0255.TRON price is currently consolidating above a key support against the US Dollar, similar to bitcoin...

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Bitcoin Moves Like Clockwork After The Halving, Says Stock-To-Flow Creator

Bitcoin is following the plan like “clockwork” after the third halving, said the creator of the popular stock-to-flow model. He also reaffirmed his belief that the S2FX model is correct, and BTC will trade between $100,000 and $288,000 per coin by the end of 2021. BTC Moving Like Clockwork The stock-to-flow model and its variations are among the most popular BTC price prediction tools within the cryptocurrency community. It was created by an analyst going by the Twitter...

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