The price of Bitcoin Cash did not show growth for a long time and fell below $700. There are two bearish trend lines, located at $750 and $850 on the hourly time frame. Prices may continue to fall; BCH could soon trade at $600
The authors of the bill are State Duma Chairman Vyacheslav Volodin and Doctor of Law, Professor, State Duma Deputy Pavel Krasheninnikov. The adoption of this project will allow the state to collect taxes on transactions with tokens, and lenders to use them as debt collection.
South Korean cryptocurrency exchange Youbit was denied insurance after it shut down due to a hack.
The doors have closed on two more cryptocurrency exchanges in Japan after a study by the Financial Services Agency raised questions about whether most exchanges could meet the regulator's standards.
On Thursday, Bitcoin's share of the crypto market stood at 45.66% of the total market, its highest since the start of the year, according to CoinMarketCap data. Meanwhile, the total market capitalization of digital currencies stood at US$274 billion. This is far less than its all-time high of US$500 billion.
RSI indicators are in the oversold zone. Will prices continue to fall today?
ORBCOMM Inc., an international provider of mobile-to-mobile communications and Internet of Things (IoT) software, recently announced its participation in the Blockchain in Transport Alliance (BiTA), a forum of blockchain standards and solutions developers for transportation companies founded in August 2017.
The UK's Financial Conduct Authority has issued a warning to investors about unregistered brokerage firm Olsson Capital, which sells cryptocurrency derivatives.
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