At Davos: Billionaire Ray Dalio Says Bitcoin Fails The Purposes Of Money

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One of the most prominent traditional investors, Ray Dalio, recently said that Bitcoin (still) fails to serve the purpose of money. However, he also holds that people should look for alternatives of cash as governments can print out as much as they want, which ultimately depreciates its value. Bitcoin’s Volatility Holds It Back Raymond (Ray) Dalio is one of the most...

Bitcoin Is Not Banned, The Reserve Bank Of India Clarifies

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As a response to a legal case filed by the Internet and Mobile Association of India (IAMAI), the Reserve Bank of India (RBI) has now clarified that Bitcoin is not banned in the country. The nation’s central bank says that it has only restricted regulated financial establishments from dealing with anyone using digital assets. RBI in 2020: Bitcoin Not Banned The...

Major Central Banks Announce Cooperation On Efforts Regarding Cryptocurrencies

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Some major central banks, including that of Britain, Japan, and Sweden, have reportedly come together on cooperation towards cryptocurrencies. The organizations will share their experience in a dedicated group. Major Banks Come Together To Work On Cryptocurrencies Major central banks are stepping up on the matter of cryptocurrencies. According to a Reuters report, the banks of Britain, the Eurozone, Japan, Sweden,...

Binance Completes 10th BNB Burn: Profits Almost As Much As In 2017 Bull Run

Leading cryptocurrency exchange Binance has completed its Q4 2019 burn of the Binance coin (BNB). It was the 10th quarterly token burn the exchange has done since the launch of the BNB in July 2017.  The event, which took place during the weekend, saw a total of 2.2 million BNB worth more than $38 million destroyed. Although the figure represents...

Bitcoin Price Analysis: The Calm Before The Storm? BTC’s Trying To Maintain The Crucial Support Line

Over the past two days, we had seen the price of Bitcoin trading mainly under a very tight range between $8600 and $8700. As a reminder of the recent price action, Bitcoin had gone through a decent rally since starting the new decade. However, right after touching the significant 200-days moving average line (marked light green on the following daily chart),...

Australian’s Bank Regulator APRA Considers Overseeing Facebook’s Calibra

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The Australian Prudential Regulation Authority (APRA) has reportedly submitted a framework to oversee digital wallets holding large amounts of value. If approved, it would also include Facebook’s controversial stablecoin, Libra, and its digital wallet – Calibra. APRA To Oversee Calibra? Upon its announcement, Facebook’s Libra quickly attracted the attention of watchdogs. The social media mogul also created a blockchain-based digital wallet...

Tezos Price Analysis: XTZ Surging 8%, But Bearish Head and Shoulders Pattern Could End The Party?

Tezos is resurging as the bearish head-and-pattern may invalidate. Tezos is following the same bullish pattern against Bitcoin and the US Dollar. XTZ is now relying on immediate support to face bullish in the long-term.XTZ/USD: Bullish Pattern Still Shaky as XTZ Forms Inverse H&S Pattern Key Support Levels: $1.24, $1.08 Key Resistance Levels: $1.55, $1.85Earlier this month, Tezos managed to find support at...

UK’s Tax Authority To Leverage Blockchain To Track Bitcoin Transactions

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UK’s Revenue and Customs agency is ready to invest up to $130,000 towards the development and implementation of a new “cryptoanalysis” tool.  According to a recent report, the United Kingdom’s tax authority, HM Revenue and Customs (HMRC) is looking for, “vendors to showcase their capabilities by demonstrating their expertise in the field of crypto-asset tracing.” The new software tool will be...

Ripple Price Analysis: XRP Finds Support At $0.23 But Slips Against Bitcoin

Despite moving in the opposite direction, Ripple’s XRP maintains channel pattern across its trading pairs. XRP is bullish against the US Dollar but waiting to make or break the channel. Against Bitcoin, XRP is losing momentum as the 2512SAT level is under bearish threat.XRP/USD: XRP Finds Slight Support At $0.23, Can This Level Hold? Key Support Levels: $0.21, $0.20, $0.186 Key Resistance Levels:...

Scaling Bitcoin: Over 56% Of BTC Transactions In 2020 Use SegWit

Despite many criticisms against Segregated Witness (Segwit) since its implementation in 2017, the Bitcoin scaling solution continues to see an increased number of bitcoin transactions over the years.  Segwit Sees Serious Increases Data from Segwit.space, a platform that monitors the adoption of Segwit, revealed that it had achieved a new landmark as the transaction volume on the protocol now amounts to...