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Yesterday's price recovery turned into consolidation near support levels. But the indicator readings do not allow us to determine whether the recovery will continue to the resistance levels or the downtrend will resume
Last week, a court ruled that creditors of the failed Mt. Gox are entitled to compensation for losses in bitcoin, and not in fiat, equivalent to the value of bitcoin at that time. The difference could potentially be hundreds of millions of dollars, depending on what the price of bitcoin will be in the coming months.
South Korea's Ministry of Strategy and Finance has denied reports that recently appeared in some local media about the government's plans to tax cryptocurrency profits at a rate of 10%.
As part of a discussion on “The Future of the Token Market” at the Crypto Valley conference in Zug (Switzerland), the director of the board of the Central Bank, Thomas Moser, said that now is not the time to talk about issuing a national cryptocurrency. Additionally, Moser stated that blockchain is similar to the “useless innovation” of CDs.
AliPay announced the successful testing of a new money transfer service on the blockchain and plans for the distribution and development of this product.
Zcash has been subject to repression in Japan. He then became one of the leaders in the digital field, working in New York. He was accused of a billion dollar fraud, and yet he solved the mining mystery. All this time, Zcash has been a leader in the development of the latest cryptographic technologies.
"Crypto Connection" is the world's first sculpture dedicated to cryptocurrency and blockchain technology, a concept that is mysterious and too rapidly gaining popularity to ignore.
After the market's fall over the weekend pushed the majority of cryptocurrency pairs to new yearly lows, price recovery may continue today. What levels can act as support after the end of recovery?
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