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US State Issues Emergency Cease and Desist Orders to Two Crypto Investment Firms

A U.S. state has issued emergency cease and desist orders to two companies and related persons purportedly engaged in cryptocurrency investment schemes. The first company posted videos of three mining farms composed of online stock images, according to the order. Both companies made numerous materially…

Bitcoin Price Watch: Can BTC/USD Hold This Support?

Key Points Bitcoin price declined recently and broke the $9,300 support against the US Dollar. There is a crucial bearish trend line in place with resistance at $9,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above…

Bitcoin Cash Price Technical Analysis – BCH/USD Likely to Extend Declines

Key Points Bitcoin cash price failed to move above the $1,700 resistance and declined against the US Dollar. Yesterday’s highlighted connecting bearish trend line with current resistance at $1,630 prevented gains on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair…

$2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies

The chairman of the economic committee of Iran’s parliament has revealed that Iranians have sent more than $2.5 billion out of the country to purchase cryptocurrencies with. His statement follows the country’s central bank banning local banks from dealing with digital currencies including bitcoin. Also…

Cryptocurrency Recognized as Valuable Property by Russian Court

A Russian arbitration court of appeals has recognized cryptocurrency as a property with value in its ruling on Monday. This overturned a previous ruling by another court even though Russia currently has no legal framework for cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto…

Norwegian Court Rules Nordea Bank Can Close Account of Crypto Exchange

A Norwegian district court has ruled in favor of Norway’s largest bank against a local cryptocurrency exchange. The court says the bank has full rights to close the account of the exchange, citing money laundering risks and criminal activities associated with bitcoin trading. Also read: Yahoo!…

Bitcoin Cash Price Technical Analysis – Can BCH/USD Break This?

Key Points Bitcoin cash price found support around the $1,565 level and recovered against the US Dollar. There is a key connecting bearish trend line forming with resistance at $1,700 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair has…

South Korean Top Regulator Considers Easing Cryptocurrency Regulations

The main regulatory body of cryptocurrencies in South Korea has a new chief who has just been approved by the country’s president. He is a known “activist and reformist” and has reportedly announced that he will consider relaxing crypto regulations to help businesses grow in…

All Cryptocurrency Exchanges in Japan Must Comply With Five New Criteria

The Japanese financial regulator has imposed five new criteria for all cryptocurrency exchanges operating in the country. These rules apply to existing exchange operators as well as new ones applying for registration for the first time. On-site inspections will be conducted on all exchanges prior…

Bitcoin Adoption Continues: Parking Lots, Supplies Store, Courses, Boutique Hotel

Bitcoin adoption continues to grow rapidly worldwide. This adoption roundup features four merchants that recently started accepting the digital currency – a boutique hotel in Spain, parking lots, an electrical supply store, and online courses in Japan. Also read: Yahoo! Japan Confirms Entrance Into the Crypto…

Ripple Sued for Alleged Violations of US Securities Laws

A class action lawsuit has been filed against Ripple Labs, its CEO, and subsidiary. The plaintiff alleges that the defendants have violated the state and federal securities laws, engaging in schemes to raise hundreds of millions of dollars through the sale of unregistered ripple tokens…