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The total number of Bitcoin addresses with one or more BTC increased from 707,000 in 2019 to stand at 784,000 as of 14th January 2020. According to Glassnode, this represents an 11% increase over the same period and a doubling of the 2015 figures. Explaining the reasons behind the steady rise, Connor Abendschein of Digital Assets Data in Denver said it is due to retail buyers' accumulation of the coin. Abendschein posed that the increase in the number of addresses…

The price of BTC/USD rallied again after falling sharply to its support level at $8.4k. Currently, all indicators point to additional surges above $8.8k and $9k in the sessions ahead. Not so long ago, the price plummetted from the $8,750 zone. It continued the downward trajectory beneath some essential supports. All the same, bitcoin rebounded above the $8.5k level later. Analysis of the pair's hourly chat indicates the formation of a robust bullish engulfing pattern. Consequently, the bitcoin price was…

Uzbekistani regulators have okayed a firm with Korean ties to operate a cryptocurrency exchange in the nation. Uznex, which the Kobea Group runs from Korea, becomes the first exchange to be awarded that license. Kobea group announced Uznex's formation on the sidelines of a global blockchain conference in Tashkent on January 20. The Uzbeki authorities are drafting legislation to make income from cryptos tax-exempt. Additionally, they are working towards the institution of a national mining pool for all its private…

In an unprecedented move,  The United States SEC has today January 21, 2020, approved an application by Grayscale Bitcoin Trust to be its reporting firm. The move comes after the firm's parent company, Grayscale Investments, filed for its subsidiary's registration with the SEC two months ago.  This action effectively makes Grayscale Trust the pioneering crypto investment entity conferred with that honor. Taking  to Twitter to confirm this news, the firm announced, " Grayscale Bitcoin Trust hits yet another incredible milestone:…

A recent news release dated 21st of January has suggested that there is a formation of a new partnership between 6 banks, including the central bank platforms of England, Europe, Japan, Switzerland, and Sweden, together with the BIS. The designation of this new alliance is to explore the central bank's digital currencies.  Researching in this context involves looking deep into the various applications, use cases, functions, technical and economical design, and interoperability across the border. After exploring the different countries…

Currently, the BTC/USD trade is standing above 8500, with all the buyers yesterday defending its price at 8.54k and not below 8.5k USD. However, yesterday saw some of the best BTC value changes, going to over 8.8k reaching 8840 USD, then later plunging.  Although BTC's price went to over 8.8k yesterday, it still met hurdles of BTC/USD rejection leading to the retracement of BTC to the downside.   The currency closed the day at beneath 8800 USD and the 100 hourly…

The British tax agency recently released a notice inviting contractors to provide technological tools aimed at combating crypto cybercriminals. This technology valued at 100k GBP was released on the 17th of January with the main agenda of gathering intelligence using cluster analysis. The first team much awaiting this technology's release is the Her Majesty's Revenue and Customs (HMRC) teams. It will create a correlation of crypto assets transactions with service providers.  There are 10s, maybe hundreds of other free online tools…

A January 20th report of the Australian Financial Review stated that the RAIZ startup is ready to offer bitcoin fund options. The startup Raiz has followed every legal procedure set by Australia's financial monitoring agency, otherwise dubbed Australia's Securities and Investment Commission. The Raiz network has over three hundred thousand registered users who maximize its micro-investment services, with over 445 AUD from funds for about 211 thousand customers. This millions worth fintech is probably the biggest in the country and…

The Indian government is incorporating blockchain technology solutions into government schools in the country. Incorporating the technology will ensure the schools offer top education quality.  The IT minister, Ravi Shankar Prasad, asked the NIC team to find out possible ways of ensuring they merge blockchain solutions and technology to improve primary school quality. Foremost, people will get an education on the Crypto word basics, including BTC, ETH, and the role of technology in digital currency. The health minister's remarks considered…