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ESMA Works On Creating Sound Legal Framework For Crypto In 2020

ESMA seems determined to regualte crytpocurrencies.   European regulators exepcted to remain focus on crypto reglulation.   The European Securities and Markets Authority (ESMA) has announced plans to seek increased regulation for all forms of cryptocurrencies, with this being something it intends to focus on in 2020. On Thursday, ESMA released its long-awaited 2020-2022 priorities list, while remarking on the rising number of threats and risks that EU capital markets have to contend with due to digitalization. According to it, market participants must do more to recognize the nature of these risks and prepare to contain them to the best of...

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Commodities Slump Paints A Gloomy Outlook For Bitcoin  

Bitcoin’s recent rally has come to a slow down after it climbed above $8.8k and ran into a key resistance zone. This resistance level coincides with the previously broken market structure which is why the price will have a very hard time breaking past it. Although many still await a retest of $9k and the 200-day moving average, it is pertinent to note that it didn’t happen the last time BTC/USD was in a similar situation. So, there is no certainties that it will actually end up happening by all means. We might very well see a downtrend begin before...

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Bitcoin SV Sees 70% Gains Following Craig Wright’s Key Find

Looking at the cryptocurrency charts earlier today, I noticed that everything was in the green.  But one specific token that caught my eye was Bitcoin SV which is currently 70.54 per cent up. Craig Wright is telling the court today that he has received the keys to gain access to a crypto fortune called the Tulip Trust. Looking at the cryptocurrency charts earlier today, I noticed that everything was in the green. But one specific token that caught my eye was Bitcoin SV which is currently 70.54 per cent up leaving it with a price of $363 at the time...

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BTC Keeps Gaining, But What’s Next for The King Coin?

This week has seen the flagship cryptocurrency go to highs many of us have long missed. This had led many to speculate as to what is going to happen next for the leading cryptocurrency. This week has seen the flagship cryptocurrency go to highs many of us have long missed. At the time of writing, bitcoin is 2.51 per cent in the green leaving it with a value of $8,759. This had led many to speculate as to what is going to happen next for the leading cryptocurrency.  Whereas some analysts believe that the bitcoin bottom is in, others have...

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Oil Oversupply Fears Might Hurt Bitcoin’s Prospects In 2020

Bitcoin (BTC) is ready to make its next big move but it cannot do that on its own. Near term, we have seen the price rise well above $8k and it might even end up testing $9k. However, this is hardly of any consequence because the actual direction that BTC/USD will take depends on the direction of the commodities market in general and that of oil in particular. Oil oversupply fears in 2020 could seriously hinder Bitcoin’s prospects. A rise in US-Iran tensions recently sent the price of oil soaring and BTC/USD followed. However, now that those tensions have simmered...

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