United Arab Emirates Hosts a Crypto Forum to Advance Regulatory Collaboration

United Arab Emirates Hosts a Crypto Forum to Advance Regulatory Collaboration

On Sunday March 17, the state-sponsored Emirates News Agency announced that UAE Banks Federation (UBF) and Abu Dhabi Global Market (ADGM) have hosted a joint forum together to discuss FinTech and crypto assets. The event discussed a range of topics including ADGM’s regulations and supervisory approach to digital assets and big data, and how machine learning can be used to improve surveillance and management of financial transactions. The press release states: “In light of technology…

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Bitcoin Price Technical Analysis (March 18th): Stuck Between Support and Resistance

Bitcoin Price Technical Analysis (March 18th): Stuck Between Support and Resistance

Looking at the chart below, we can see that BTC is trading at around the $4,000 mark. The price is contained between channels with some false breakouts, and an upper limit acting as resistance at $4,161 and lower limit acting as support at $3,765. Since there could be false breakouts, it is not recommended to take a long position immediately after the breakout. Dow Theory According to Dow Theory, BTC is currently appearing in an…

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Armed Robbers Steal a Bitcoin ATM from a Shop in the UK

Armed Robbers Steal a Bitcoin ATM from a Shop in the UK

When it comes to news about some sort of online theft, one can easily expect Bitcoin or other cryptocurrency to be involved especially due to the anonymity that digital currencies offer their users. However, unlike most other thefts in which the actual Bitcoin is stolen, a unique armed robbery happened in a shop in Northampton, England, when masked robbers attempted to rob the Bitcoin ATM that was installed in the store. How did this robbery…

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Yale Finance Professor: Bitcoin Is neither a Great Currency nor Good Store of Value

Yale Finance Professor: Bitcoin Is neither a Great Currency nor Good Store of Value

On March 15th, a Yale professor gave an interview in which he says that Bitcoin is not a great store of value or currency. William Goetzmann, an expert on the history of finance and director of the International Center for Finance at the Yale School of Management, a person with a long history in finance, has quite a bit to say about what he thinks of cryptocurrencies, particularly Bitcoin (BTC) as an asset that stores…

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SEC’s Senior Advisor: Stablecoins Might be Violating Securities Law

SEC’s Senior Advisor: Stablecoins Might be Violating Securities Law

There has been a lot of speculation regarding the position of SEC regarding the status of cryptocurrencies and tokens in relation to securities law. The issue has been debated by many industry experts both in support of and against cryptocurrencies. However, there are still a lot of things that the crypto space is in the dark about. This Friday, the SEC’s senior advisor for digital assets, Valerie Szczepanik hinted at the SEC’s stance regarding some…

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18-Year-Old Japanese Hacker Arrested for $135K Cryptocurrency Theft from Monappy

18-Year-Old Japanese Hacker Arrested for $135K Cryptocurrency Theft from Monappy

An 18-year-old Japanese boy, whose name is kept by the police because he is a minor, was handed to prosecutors over ¥15 million worth of cryptocurrency (around $135K) theft last year by taking advantage of vulnerabilities presented in the cryptocurrency wallet website Monappy. Local news outlet The Japan Times also reported that the case is one of its kind in Japan; this is the first time that criminal charges have been filed against a hacker…

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IBM to Develop a Blockchain Network for France’s National Council of Clerks

IBM to Develop a Blockchain Network for France’s National Council of Clerks

IBM has been involved in a number of projects over the last couple of years implementing blockchain networks for different companies like Walmart and ADNOC. These projects involve implementing blockchain into supply chain operations and food traceability. The company has played an integral role in the development of the industry outside the cryptocurrencies market. Now, the tech giant is furthering that cause by scoring a new deal with France’s Commercial Court Clerks for a blockchain…

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Republican Minority Leader Kevin McCarthy Urges the U.S. Government to Utilize Blockchain Technology

Republican Minority Leader Kevin McCarthy Urges the U.S. Government to Utilize Blockchain Technology

On Tuesday, March 12, Kevin McCarthy, the Republican Minority Leader in the House of Representatives, has put his thoughts on utilizing the blockchain technology to make the U.S. Congress a more effective, efficient and transparent place. Presenting his views on advancing the issue in Congress, McCarthy stated: “As technology continues to change our life, let’s make sure Congress has the same ability to do it … to make this place more effective, more efficient, and…

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Tether Confesses It Might Not Be Fully Backed By US Dollars

Tether Confesses It Might Not Be Fully Backed By US Dollars

Tether (USDT) is a cryptocurrency that is supposedly backed by the US dollar at a 1:1 ratio. This means that every digital Tether coin is worth $1 and has the actual fiat coin. Tether was created as a way to bridge the gap between fiat currency and cryptocurrency. For many people, it is a way to hold value in a stablecoin on crypto exchanges that don’t allow fiat currencies. For example, if you hold Bitcoin,…

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TRON Founder Expresses an Optimistic View about the Future of Bitcoin and Cryptocurrencies

TRON Founder Expresses an Optimistic View about the Future of Bitcoin and Cryptocurrencies

Kicking off the year with a strong start, the Chief Executive Office of TRON (TRX) Justin Sun says he believes Bitcoin and other cryptocurrencies have a promising future ahead of them. The sustenance of the crypto ecosystem has been a disturbing question since the crypto plunge in 2018 that sent Bitcoin, the largest cryptocurrency, down by about 85% of its value in 2017. Crypto enthusiasts, as well as investors, have all been worried sick of…

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