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  • Polkadot to Use Chainlink Oracles for Interoperability Network

    Polkadot to Use Chainlink Oracles for Interoperability Network

    Bitcoin News News
    Polkadot will be the first non-ethereum blockchain to integrate Chainlink. "Chainlink is set to become the first and primary oracle provider for all Substrate-based chains and eventually the entire Polkadot network," Polkadot announced Monday. Chainlink provides price feeds for blockchain applications typically involved in decentralized finance (DeFi). Among other things, Chainlink communicates prices between crypto networks. Unlike traditional equities markets, cryptocurrencies can be sold by anyone. As would be expected, finding a true market price across…
  • Binance-Backed FTX Exchange Seeks Billion-Dollar Valuation in Equity Token Sale

    Binance-Backed FTX Exchange Seeks Billion-Dollar Valuation in Equity Token Sale

    Bitcoin News News
    Derivatives exchange FTX is hosting a public sale for tokenized equity in the hopes it can attain a billion-dollar valuation. The Binance-backed platform, famed for creating the Shitcoin Index of low-market coins, announced Tuesday its FTX_Equity token sale would welcome investors willing to allocate a minimum $250,000 each. Each FTX_Equity token, valued at $2 each, represents an ownership stake in the FTX Trading Ltd., the holding company that owns the derivatives exchange. Investors will be able…
  • New Zealand Plans to Drop ‘Unfavorable’ Sales Tax Treatment of Cryptocurrencies

    New Zealand Plans to Drop ‘Unfavorable’ Sales Tax Treatment of Cryptocurrencies

    Bitcoin News News
    New Zealand's tax authority is considering changes to its treatment of cryptocurrencies that would drop the current and controversial application of goods and services tax (GST). The current regime sees bitcoin (BTC) and other digital currencies as property, with normal rules applying. That means crypto is liable for 15 percent GST when changing hands within the country as part of a business's operations and potentially throws up a "double taxation" problem when income tax is later…
  • Diginex Steps Closer to Backdoor Nasdaq Listing as SEC Approves Merger

    Diginex Steps Closer to Backdoor Nasdaq Listing as SEC Approves Merger

    Bitcoin News News
    Blockchain services firm Diginex is closer to listing on Nasdaq after the Securities and Exchange Commission (SEC) approved its bid to merge with publicly traded 8i Enterprises Acquisition Corp. on Friday. The $276 million deal will now be put before 8i’s shareholders for approval at a March 20 special meeting, according to a press release. If accepted, the merger will allow Diginex, a private company based in Hong Kong, to bypass many of the usual regulatory…
  • Bitcoin Faces Further Losses if Bulls Can’t Disrupt Bearish Chart Pattern

    Bitcoin Faces Further Losses if Bulls Can’t Disrupt Bearish Chart Pattern

    Bitcoin News News
    View Bitcoin has formed a bearish head-and-shoulders (H+S) pattern with neckline support at $9,400. An H+S breakdown would imply a short-term bearish reversal and expose deeper support near $9,070. A move above $10,128 is needed to revive the immediate bullish setup. Bitcoin (BTC) is down but not out, with prices holding above key support near $9,400. However, if that level is breached, more chart-driven selling may be on the cards.  The top cryptocurrency by market value…
  • Russian Smelting Giant Nornickel Launches Metal Tokenization Platform for Testing

    Russian Smelting Giant Nornickel Launches Metal Tokenization Platform for Testing

    Bitcoin News News
    Nornickel, the Russian mining and smelting giant, has taken another step toward the issuance of tokens backed by metals on Atomyze, a Hyperledger-based blockchain platform. The platform is now launched for testing alongside a handful of Nornickel’s partners including commodity trading company Trafigura, metal refinery firm Umicore and supply chain consultancy Traxys, according to an announcement Tuesday. (All three have been involved in early-stage trials with Nornickel since December, Bloomberg reported at the time.) Later, a…
  • Singapore’s Court of Appeals Rules Against Quoine Exchange in Landmark Crypto Case

    Singapore’s Court of Appeals Rules Against Quoine Exchange in Landmark Crypto Case

    Bitcoin News News
    Singapore's Court of Appeals has ruled against digital currency exchange Quoine in a landmark case relating to a breach of contract when the platform unlawfully reversed seven trades. The Straits Times reported the case marks the first of its kind in the country involving a cryptocurrency dispute. The ruling concludes a legal battle that began almost three years ago. Quoine, the parent company of Japanese trading platform Liquid, now faces settlement proceedings after the court rejected…
  • CoolBitX Raises $16.7M to Make Crypto More Bank-Friendly

    CoolBitX Raises $16.7M to Make Crypto More Bank-Friendly

    Bitcoin News News
    Asian companies are accelerating the crypto industry’s push to make exchanges work more like traditional banks.  The crypto wallet and security startup CoolBitX raised $16.7 million in a round led by Japanese financial group SBI Holdings, with participation from the National Development Fund of Taiwan, Korean crypto exchange BitSonic and Japanese financial firm Monex. In 2020, the startup’s focus is on new products and features that comply with new rules from the Financial Action Task Force…
  • Bombshell 74-Page Report Shows JP Morgan is Closely Exploring Bitcoin Options  Nick Chong  AMFEIXRelated NewsBitcoin Jus

    Bombshell 74-Page Report Shows JP Morgan is Closely Exploring Bitcoin Options Nick Chong AMFEIXRelated NewsBitcoin Jus

    Analysis Depth
    Over the past few years, we’ve seen Bitcoin change from a spot trading-only market to one dominated by derivatives — evidenced by the investor activity seen on BitMEX, Deribit, the CME, Bakkt, and other crypto derivatives platforms. Indeed, the lifetime aggregate volume on BitMEX’s XBT swap future recently surmounted $2 trillion, and the CME has been registering hundreds of millions of dollars worth of Bitcoin futures trades each and every day. Related Reading: Why an Analyst…
  • Bitcoin Just Saw A Key Technical Breakdown: Here’s Why BTC Could Dive Below $9K  Aayush Jindal  AMFEIXRelated NewsBombsh

    Bitcoin Just Saw A Key Technical Breakdown: Here’s Why BTC Could Dive Below $9K Aayush Jindal AMFEIXRelated NewsBombsh

    Analysis Depth
    Bitcoin failed to stay above the $9,500 support and declined more than 5% against the US Dollar. BTC price is now trading in a negative territory and it could slide below $9,000. Bitcoin started a major decline below the $9,500 and $9,350 support levels against the US Dollar. The price is approaching the $9,000 support and remains at a risk of more losses. There is a major bearish trend line forming with resistance near $9,420 on…