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Bitcoin Gains Strength Why BTC May Retest $ 28K
Bitcoin price began a downward correction from a high of $ 28,360 against the US dollar.
A new all-time high was formed around $ 28,360 before the price began to retrace its course. It traded sharply below the $ 27,000 level. There was also a break below the 50% Fibonacci retracement of the upward movement from the swing low of $ 24,532 to the high of $ 28,361.
Ethereum retreats without testing $ 750, why 100 SMA is the key
Ethereum began a downward correction from an annual high of $ 746 against the US dollar.
The price climbed above the $ 740 level but failed to test the $ 750 mark. A new yearly high was formed at around $ 746 before the ether price began a downward correction.
The price corrected below the support level of $ 720. There was also a break below the 50% Fibonacci retracement of the upward movement from the swing low of $ 661 to the high of $ 746.
US SEC Receives Order to Freeze Virgil Capital Assets
US SEC Announces It Received An “Asset Freeze and Other Emergency Relief” Order Against Virgil Capital LLC
The US Securities and Exchange Commission announced that it has received an “asset freeze and other emergency relief” order against Virgil Capital LLC in connection with an alleged securities fraud involving Virgil Sigma Fund LP, which is the company’s flagship cryptocurrency.
In addition, the federal agency said the fraud was directed by Stefan Tsin, founder and managing partner of Virgil Capital and its subsidiaries.
Ripple Down 20% Why It May Test $ 0.20
Ripple started a fresh decline after failing to hold above $ 0.3000 against the US dollar.
Another sharp decline occurred and the price dropped below the $ 0.3000 support. The price broke the $ 0.2800 support and dropped below the 100 simple moving average.
India Reportedly Considering 18% Tax On All Bitcoin Transactions
India’s intelligence agency has proposed 18% goods and services tax on all bitcoin transactions.
According to the Times of India, the Central Bureau of Economic Intelligence has sent a proposal to the Central Council for Indirect Taxes and Customs.
CEIB recently published a report on the various uses of cryptocurrencies and concluded that Bitcoin could fall under the category of “intangibles.” This would mean that the country could tax goods and services on all transactions related to the underlying digital asset.
OKCoin to suspend XRP trading and deposits from January 4th
OKCoin said it will suspend XRP trading and deposits on its cryptocurrency exchange from January 4, 2021.
The exchange has two key dates for the suspension period. “At 3 am UTC on January 4, users of the exchange who took loans from the XRP / USD margin pair must return the borrowed value before that time at 3 am UTC,” it was reported. “The delays will lead to liquidation by our system to close loan agreements.”
SEC rejects BOX Security’s request to provide data on stock trading on the Ethereum blockchain
The regulator refused to approve a rule change for the tZero-backed BOX Exchange Inc.
The proposal called for the shares of the National Market System to use the BOX blockchain trading platform, also known as Boston Security Token Exchange LLC.
Grap Finance Takes Responsibility for Hacking $ 4 Million Cover Protocol, Returns Funds
Grap Finance developers take responsibility for the attack.
Cover Protocol lost almost $ 4 million to an exploit as hackers discovered a way to reward themselves with COVER tokens at will. After the hackers sold 1 inch of funds, the token’s value dropped by about 95% from $ 859 to $ 50 before recovering slightly.
Greenpro share price jumped 103% after buying bitcoins
The business intelligence firm has raised its stock price following the announcement of a new Bitcoin fund.
Greenpro Capital Corp. plans to set up a bitcoin investment fund as announced in a published press release.
CK Lee, CEO of Greenpro, says the company “fully believes in $ BTC as a store of value.” Lee says he instructed the company’s investment bankers to sell debt instruments to investors in order to raise up to $ 100 million to invest in bitcoin. He adds that the firm itself is also investing its money in bitcoin.
Large Darknet White House Market Stops Support for Bitcoin Payments
The White House Market has discontinued support for Bitcoin payments and now only accepts Monero.
According to a statement attributed to the White House marketplace posted on Twitter, the platform no longer accepts bitcoin payments because Morphtoken, the third-party exchange API it was using, “suddenly decided to block access from Tor exit nodes.”