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Bitcoin is the most renowned cryptocurrency worldwide, and many people are adopting this coin daily. This digital coin is getting massive adoption, especially in areas with prevalent financial hardships. Latin America is experiencing a financial struggle, mostly in Venezuela and Argentina. Venezuela and Argentina are facing high-end inflation, and hence the demand for Bitcoin is also high. The trading volume of Bitcoin in these regions is high; similarly, LocalBitcoin statistics also appear quite incredible. Comparing Argentina and Venezuela’s Bitcoin Adoption…

Bithumb, a South Korean crypto exchange, is thinking of undertaking administrative litigation over tax bills. The value of the tax bill is $ 68.9 million. On the 29th of December, the KoreaHerald pointed out about the local tax agency passing along 80 billion won in taxation on Bithumb. The documents published by Vidente, the largest shareholder of the exchange, show that the National Tax Service forced Bithumb to pay withholding taxes on international customers’ trading activities. Reportedly, Vidente only got…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary ● The Crypto Market ends the week at a total market capitalization of $197 billion. ● Bitcoin price remains captive between the $7,000 and $7,500 marks. ● Ethereum moves slightly above the $130 barrier. ● Ripple ends the year disappointingly under the $0.20 threshold. ● YouTube flags and deletes cryptocurrency-related videos Crypto Trends 23-29th of December 2019: PERFORMANCE & ANALYSIS The last week of 2019 does…

The ETH/USD price is incredibly moving upwards. The price may rise to above $ 130 and $ 135 to a powerful uptrend. Last week, the price dropped below the support at $ 126. However, the ETH/USD  The 4-hour price chart reveals that the price got close to the support zone at $ 122 and remained under 100 SMA. Eventually, the ETH/USD formed its latest low close to $ 123 before the start of an upside correction. The price continued over…

The ministry of power in India is offering blockchain training across various cities in the country, with its government’s permission. People will learn about blockchain technology, its applications, smart contracts, cryptocurrencies, and mining. The ministry arranged a program known as Blockchain Technology, which will hold at various NPTI locations. Three of the training will happen in January, February, and March in Nangal, New Delhi, and Shivpuri. The NPTI is in charge of the program, and the All India Council for…

Antonio Guterres recently commented on the necessity of the United Nations to adopt blockchain technology. Guterres thinks that blockchain technology should be one of those utilized by the organization. According to him, blockchain adoption is vital for improved delivery of the organization's mandate in the digital age for the accelerated success of Sustainable Development Goals. Guterres, the secretary-general of the organization, is highly speaking of blockchain technology. His High-level Panel on the Digital Cooperation approach purposely places blockchain technology on…

At the start of December 2019, the one week chart of Bitcoin revealed an outrageous bullish sign. That is, the 50-week SMA crossed the 100-week SMA, known as a Golden Cross. A golden cross means that buyers are in charge. The same golden cross signal appeared before the over 1000 % upsurge that ensued between 2016 and 2017. Despite the long-term bullish signal, some renowned analysts highlighted BTC’s susceptibility to a last move to the downside before an ultimate return…

Currently, Bitcoin’s price seems to be trading within the $ 7000 range. Further, the performance of altcoins is quite bearish in the previous few weeks. Some of the altcoins are moving towards the support levels attained in November 2018 before reversal. As for the performance of XRP, its price is under $ 0.2, which is a two-year low. The price was 92% lower than its high in December 2017. Meanwhile, ETH, LTC, and BCH are close to last year’s November…

The cryptocurrency industry is experiencing challenges from governments and regulators. A renowned internet entrepreneur, Kim Dotcom, recently forecasted a massive crackdown within the United States cryptocurrency industry. Dotcom warned that cryptocurrency might become illegal in the US. The regulatory agencies in the US are keeping a close leash on the cryptocurrency industry in the country. However, Bitcoin, to be specific, is facing the most scrutiny than praise in the country. Kim Dotcom is the founder of Megaupload and hugely supports…