Bitcoin is just about to explode and dominate the cryptoverse again

If you follow Bitcoin news (as we assume since you’re reading this), you know there’s a lot of bad vibe around it. Haters say it’s too volatile, that it’s worth nothing, that it isn’t money, that’s it’s ruled by China and many other things. Well, most of that is just absurd. It has nothing to do with reality and everything to do with fear which is, unfortunately, the way most markets work. So let’s take a minute to have a look at Bitcoin’s current situation and try putting it into…

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The Daily: Cryptocurrencies on the Davos Agenda, FINMA Issues Rules for Cryptoassets

In this edition of The Daily, we look at the decision to add cryptocurrencies as a topic of discussion at the next World Economic Forum in Davos. We also focus on the latest recommendations on digital assets by Switzerland’s financial regulator, as well as a Venezuelan state’s plans to use the petro in cross-border trade with Brazil. Also read: Crypto Game Developer Raises $15M, Bitcoin Pioneer Faces Lawsuit WEF to Focus on Interaction Between States and the Cryptocurrency Industry Globalization and the interaction between governments and participants in the fourth industrial…

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Altcoins Surge as Bitcoin Finds Stability, Market Led by XRP, XLM, BCH

Following a long period of unprecedented sideways trading, Bitcoin has solidified its position in the middle of its long-established range, and altcoins are beginning to surge amidst Bitcoin’s stability. At the time of writing, the markets are being led by XRP, BCH, and XLM, respectively. At the time of writing, Bitcoin (BTC) is trading at $6,445, which is right in the middle of its trading range of $6,200-$6,700. Last week, Bitcoin’s price fell into the $6,200 region, leading many investors to believe that it would break below this region and…

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China Targets ‘Disguised’ ICOs in Crypto Crackdown Update

The People’s Bank of China (PBOC) has discussed the regulation of cryptocurrencies and initial coin offerings (ICOs) in a recently published report that highlights its plan to crack down on “airdrops,” while laying the groundwork to potentially issue its own virtual currency. Also Read: Venezuela’s Supreme Court Orders Payment in National Cryptocurrency Report Highlights Plan to Clamp Down on Airdrops In the China Financial Stability Report 2018, the PBOC said that it has noted a growing number of “disguised” ICOs since it first launched a crackdown on them last year. It also argued…

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Prominent Analyst: Crypto Market is Undergoing a Clear Breakout

After months in a seemingly endless downtrend, which saw the aggregate value of all crypto assets see a 75% haircut, analysis done by one of this industry’s best illustrates the fact that this market could finally be undergoing a breakout. “Output: Bullish” Contrary to popular belief, the crypto market’s relative non-action, which saw the volatility levels of the stocks of Amazon (AMAZ), Netflix (NFLX), Nvidia (NVDA), surpass that of Bitcoin (BTC), may be aiding the long-term prospects of this decade-old asset class. Seemingly touching on this point, Crypto Rand, a prominent…

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Is Initiative Q the Next Bitcoin?

Altcoins If you’ve been anywhere near social media in the past fortnight, or even used your favorite messaging app, there’s a good chance you’ve been shilled a referral link to Initiative Q. A mate probably forwarded it to you or tagged you in a post offering an invite to the first five responders. Maybe you FOMO’d in, or maybe you scrawled a one-word response — “Bitconeeeeect!” — and gave it a wide berth. For those who are still on the fence, here’s what you need to know about Initiative Q. Also…

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Venezuela’s Supreme Court Orders Payment in National Cryptocurrency

Venezuela’s Supreme Tribunal of Justice has ordered a compensation payment of 266 petros, the country’s national cryptocurrency, in a workplace injury case. Meanwhile, the Venezuelan government has launched the petro savings plan, backed by 4 million of the digital currency. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Venezuela’s Supreme Court Recognizes Petro The Supreme Tribunal of Justice of Venezuela (TSJ) has ordered moral damage compensation in a workplace injury case to be paid in petros or the equivalent, local media reported on Friday. The TSJ is the country’s highest court…

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