Cryptocurrency compliance startup TRM Labs, which emerged from YCombinator, raises $4.2 Million in funding from various investors including Paypal Ventures.
Cryptocurrency company Fidelity Digital Assets won a trading license from the New York State Department of Financial Services. The license will enable it to work with New York companies by offering them custody services and cryptocurrency trading.
The United Kingdom jurisdiction taskforce confirmed in a statement by Sir Geoffrey Vos that crypto-assets will be recognized as tradeable property while smart contracts are enforceable under English law.
Bitcoin price is below support levels of $8,340 and $8,200 versus the USD. The price is close to the $8,000 key support zone, where bulls could take a shot.
Fresh decline in the market is considered by some to expose Bitcoin price to a potential return to $7,400. In contrast, other analysts suggested that BTC’s recent trading into a falling wedge is a bullish pattern.
The United States Presidential hopeful Andrew Yang reinforces his position on cryptocurrencies and technology hinting at his intention to regulate them.
SoftBank and Naver will create a joint business where each will hold 50%. The new company will compete with global companies in Japan and operate both Line and Z Holdings (Yahoo Japan’s operator).
Bakkt is working on developing an app, allegedly dubbed Bakkt Pay, to let consumers use digital assets when purchasing goods from merchants. They also might add support more than just Bitcoin.
Beijing is gradually reducing its stocks of US Treasury bonds, in which it actively invested. China has reduced its assets by $88 billion over the past 14 months. Instead, Beijing continues to expand its purchases of gold.
After last week’s correction below $8700 levels, Bitcoin price has entered a consolidation phase with next support at $8500. Despite the bearish signals, analysts remain confident of the long-term bull run.
Dow Jones, S&P 500 and Nasdaq Composite hit new milestones in the traditional market, while on the other hand, we have Bitcoin slipping below its crucial support levels.
The BBC Russian service allegedly links $450 million in missing Wex funds to the Russian FSB. It is said that the crypto assets may have been transferred to a fund belonging to the FSB.
Deeply thinking analyst and Fundstrat’s most famous trader Tom Lee reinforces his Bitcoin price target of $25,000 by 2022 comparing it with FAANG stocks.
Coinbase has announced that its Visa debit card will feature 5 new cryptos and can be used in 10 more European countries.
Bitcoin price has broken crucial support of $8700 levels by losing over 1% today. Analysts say that Bitcoin still gathers a lot of open interest in the market.