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Simplecoin, Chopcoin, and Bottle Pay are among the crypto companies dissolving upon the EU money-laundering regulations. These regulations will take effect from the 10th of January 2020. Simplecoin is a crypto mining tool, while Chopcoin is a bitcoin gaming platform. A notice on Simplecoin's website says it will shut down on the 1st of January 2020. It is due to AMLD5 demanding its users to perform KYC for anti-money laundering, AML reasons, which will threaten users’ privacy. Bottle Pay, on…

Bitcoin price is predicting selling continuation under $ 6800. This mainstream cryptocurrency may be focusing on getting support at the value of $ 6500 or $ 6200. When Bitcoin support was at $ 7000, the sellers gained some momentum. Therefore, the BTC price declined to below the support at $ 7000 and created a level under the 100 hourly SMA. The price decreased by almost 4 % and was able to break the support zone at $ 6880. Hence, the…

This year, ETH's price declined to a 9-month low, hence losing almost all the gains it accrued. The decline is one of the cryptocurrency market moves, influenced by the decrease in BTC's price at $ 7 000. Some individuals, however, believe that the price of ETH will not surge anytime soon. Some market participants are negative concerning ethereum, and this may be contributing to its bearish performance. One of these participants is Messari company researcher, who wrote a paper entitled…

On 16 December, CipherTrace noted that major banks could be processing a maximum of 2 billion dollars in crypto-related transfers in its press release. However, these yearly earnings are never detected. CipherTrace is a blockchain intelligence company, and according to it, about ten major commercial banks in the US have unregistered crypto businesses; that use their payment networks in processing funds. The press release also pointed out that these unregistered crypto money service businesses (MSBs) are entities like cryptocurrency exchanges.…

Towards the end of the year, the CEO of Binance, Changpeng Zao, pointed out in a tweet that Bitcoin’s price potential is limitless. Bitcoin is one of the mainstream cryptocurrencies worldwide. Changpeng Zhao is of the opinion that the finite supply of Bitcoin dramatically contributes to its erratic nominal price. Changpeng also believes that Bitcoin has infinite potential over fiat currencies. The only thing limiting bitcoin is its limited supply. https://twitter.com/cz_binance/status/1206416065095299073 Bitcoin’s Volatility There’s no assured prediction of Bitcoin prices.…

On the 16th of December 2019, Cardano incentivized testnet went live. In less than 24 hours, 5.4 ADA already got staked by holders, representing 17% of the total coin supply. Even though IOHK operates some of the leading pools, several independent pools are also topping the pool tool charts.  This significant step envisions Cardano to achieve decentralization through supporting a large number of staking pools. As per the project’s roadmap, the blockchain’s incentivized staking system will reach equilibrium at 1000 pools.…

On the 14th of December 2019, a Bitcoin video went viral on Tiktok, a video-sharing social platform, for the first time. It then followed the mentioning of Bitcoin by various high profile individuals and companies. Crypto trader Thomas Schulz shared the viral video on Twitter. This video showed a room full of mining equipment, with a caption, “this is why GPU prices went up.” High Profile Individuals and Companies Mention Bitcoin Not long ago, media mentions of Bitcoin reduced, leading…

Currently, the BTC/USD pair is trying to overcome the hurdle of $7200. Additionally, the dominant coin is not safe from a drop under the $7000 support level. Not long ago, the BTC/USD’s price dropped to under the support zone of $7080. Furthermore, the price gave way for a level below $7200 and the 100 hourly SMA. Its support got visited at $7000, creating a new low in the month at $7008. Currently, Bitcoin is in consideration of losing its control…

Recent reports have laid out that China's smart courts use various innovative technologies that include blockchain and artificial intelligence (AI) in deciding numerous legal cases. A report by The Xinhua news agency on December 5 stated that blockchain and smart internet courts powered by AI were used to settle over 3.1 million Chinese litigation activities between March and October 2019. With non-human, virtual judges powered by AI, appearing in court will be a thing of the past as time goes…