In recent months, the Australian government has sought to amend its bitcoin regulations – which were previously notoriously unfavorable to businesses and individuals seeking to use and adopt cryptocurrency. The Australian cryptocurrency industries have since shown signs of significant growth, with many industry insiders attributing the improving investor confidence to amendments made to federal legislation pertaining to bitcoin in Australia.


Australia has seen an increase in bitcoin and cryptocurrency adoption throughout 2017, with many attributing a recent increase in new investors and adopters to changing regulatory landscape regarding cryptocurrencies in Australia.

Adrian Prezelozny, the chief executive of Sydney based bitcoin exchange, Independent Reserve, claims that his exchange is “getting between 100 and 200 new users every day.” Prezelozny told Australian media that the company is now handling up to $4 million AUD ($3.16 million USD) daily.

In July, Australia ended its notorious double taxation regime for bitcoin, ushering in new legislation recognizing bitcoin as a legitimate means of payment. The following month, the Australian government enacted regulations governing the operation of cryptocurrency exchanges, as a part of reforms designed to “strengthen the Anti-Money Laundering and Counter-Terrorism Financing Act and increase the powers of the Australian Transactions and Reporting Analysis Centre.”

Prezelozny attributes the expanding Australian bitcoin userbase to improvements in the nation’s regulatory apparatus pertaining to cryptocurrencies. “The amount of regulatory work in Australia has people feeling much more confident in bitcoin so we’re seeing all different kinds of people investing. This is a global trend too… These kinds of regulations give new investors confidence.”


Powerledger, a company using the blockchain to facilitate the trading of solar power, raised $34 million AUD ($26.9 million USD) at the start of the month. The ICO generated investment from more than 15,000 participants, taking in approximately $17 AUD million in fiat currency, $10.7 million AUD in ethereum, $6 million AUD in bitcoin, and $400,000 AUD in litecoin.

At the end of September, the Australian Securities and Investments Commission (ASIC) published guidelines for companies seeking to conduct ICOs in Australia. The guidelines sought to clarify under what circumstances ICOs would fall within the regulatory jurisdiction of the Corporations Act. ASIC concluded that depending upon the particularities of an ICO, initial coin offerings fall under the regulatory requirement of a managed investment scheme, an offer of shares, or an offer of a derivative.

At the start of September, Australia’s second largest independent deployer of ATMs, Stargroup, announced that it had signed a joint venture agreement with blockchain payment services provider, DigitalX, to convert their existing ATMs into Bitcoin ATMs. The agreement will see the conversion of over 500 ATMs owned by Stargroup, and over 2,400 terminals managed via the company’s subsidiary, Starlink. In August, news.Bitcoin.com published an article looking at Wooranna Primary School’s ‘Blockchain Program’ – which offers young Australians a wide variety of opportunities to experience and explore cryptocurrency and distributed ledger technology.

https://news.bitcoin.com/australian-bitcoin-adoption-increases-following-regulatory-amendments/

Lightning Network developers released a testnet desktop application today for Lnd. According to the blog post, this will unleash a blitz of testing on the network. The developers actively want technical users to immediately begin experimenting with the application. They provided an official download link from their Github site.

The blog post said, “Today, we’re thrilled to be releasing a new cross-platform demo Desktop App for Lnd. The release of this new demo wallet kicks-off a two-week “testing blitz” during which we hope Lightning users with a technical inclination can start testing the wallet, giving feedback, filing bugs, etc.”

Specifications

The blog post said the Lightning Protocol specifications are nearly complete, but that things could change before the final release date for the app. The blog clarified:

        "As a result, we’ll only be maintaining compatibility with the desktop application for approximately the next two weeks before switching to a regular release cycle once the specifications have been frozen and we’ve achieved cross-implementation compatibility."

Technical Details: Neutrino and Segwit Enabled

Neutrino

The client application is driven by neutrino, which is an open source protocol for bitcoin. This type of client offers more benefits than other clients. It allows for “increased privacy, less active load on full nodes, and a more flexible application model which is particularly useful for lightweight Lightning nodes.” The website provides instructions on unzipping and using the client for technical operators.

Segwit Enabled

Furthermore, the testnet lightning application is fully Segwit enabled. This means users can open payment channels and send and receive funds from Segwit addresses. The blog post said Segwit addresses look like this:

tb1q62cgd0u7h654rpu4fm9y4fe47x5khesyd9k2q9

Some types of transactions, however, will not use Segwit functionality, such as when non-segwit senders like faucets send bitcoin to a lightning address.

Other Technical Information: Self-Driving Lightning

The client is very user friendly, according to the post.

        "At a glance, the wallet may look very simple, but the bulk of the complexity has been pushed into the backend in order to ensure a seamless user experience when interacting with Lightning."

Not only is it user friendly, but once connected, the lightning network will automatically begin establishing a connection with peers on network. This will help it sync up with current “channel graph states.”

The lightning network will also allow for auto connection with current channels. Users will not have to manually set up connections to trade bitcoin. The author said, “We call this new operating node ‘autopilot’ as it will automatically manage the opening of channels within the network.”

Once the channels are available, they are shown in two statuses: “Pending-Open” and “Active.” Pending-open means the transaction has been broadcast, but still waiting confirmation. Active means the channel is open and ready to receive and send payments.

On-Chain Transactions and Testing the Wallet

One of the good things about the wallet is that users can also perform on-chain transactions. They do not necessarily have to use bitcoin as a settlement layer and activate lightning network channels. They can choose whichever they desire.

        As this is a fully fledged wallet, it’s also possible to make regular on-chain payments using the same page. The wallet will automatically detect if it is presented with an on-chain Bitcoin address or a Lightning payment request

No matter what users choose, developers want everyone to begin testing the application immediately. Most noteworthy, developers made sure the code is open source. They want to get the application beyond testnet phase and bring this technology to the general public.

https://news.bitcoin.com/lightning-network-desktop-app-now-available-for-testing/

Bitcoin is in the headlines again for hitting new all-time highs, driving both retail and mainstream investors across the world to get in on the frenzy.

Bitcoin price hit an unprecedented all-time high of $5,920 on Friday, representing a remarkable 490% growth for the cryptocurrency since the turn of the year. Key factors boosting confidence in the cryptocurrency this year include Japan’s legislation of bitcoin as a legal method of payment in the country, a noteworthy acceptance of the decentralized digital currency from the third largest economy in the world. More recently, Japan issued 11 licenses to bitcoin exchanges to operate in the country.

Similarly, Australian authorities have also introduced cautiously embracive legislation to accommodate bitcoin activity as a part of the country’s wider FinTech-forward agenda. Less than a month ago, the Australian government introduced a bill to remove the double taxation of transactions involving cryptocurrencies like bitcoin. Authorities vehemently stated they were “committed” to removing the double taxation in 2016, wherein bitcoin adopters had to pay the goods and services tax (GST) on the product before being taxed again for the GST levied on the digital currency used during the transaction.

In August, Australia’s justice minister announced regulation for the country’s digital currency exchanges for the first time. The regulatory work is “legitimizing” bitcoin for new investors, according to Adrian Przelozny, chief executive at Sydney-based bitcoin exchange Independent Reserve.

Speaking to the Sydney Morning Herald, the bitcoin executive stated:

    "The amount of regulatory work in Australia has people feeling much more confident in Bitcoin so we’re seeing all kinds of people investing. This is a global trend too."

Unlike the hardline regulatory moves taken by China and Korea where initial coin offerings (ICOs) are banned outright, Australia’s securities regulator recognized the potential of the radical new form of fundraising and issued new guidelines for ICO organizers and startups in September.

Przelozny added:

    "These kinds of regulations give new investors confidence. It’s slowly legitimizing Bitcoin which gives the price support."

The Sydney-based exchange was also adding “between 100 and 200 new users everyday” the executive revealed, with a typical account opening with between AUD$20,000 and $50,000. Altogether, the exchange is handling up to $4 million in transactions on average every day.

Bitcoin has also gained a bipartisan rallying call urging the central bank to deem it a legal currency in Australia. The two pro-bitcoin Australian senators leading the charge have since formed a bipartisan advocacy group for digital currencies and blockchain technology in the Australian Parliament.

https://www.cryptocoinsnews.com/bitcoin-australia-rise-regulation-highs/

Инфа от разработчиков:

Nordic Law, a Finland-based law firm today announced that they will begin accepting Bitcoin payments, citing client interest and adapting to new business environments as the reason for the move.

Nordic Law, a Helsinki, Finland based law firm specializing in business and tax law, made the announcement today on both Twitter and their company website that they are now accepting Bitcoin as a method of payment for their legal services.

In what appears to be a first for a law firm accepting Bitcoin, the company says that they have long assisted various domestic entities working within virtual currency markets, especially in dealing with tax issues which arise. Another major reason for the firm’s decision to accept Bitcoin payments would appear to be a growing interest from clients outside the Finnish border.

A notice on the Nordic Law website reads:

    "As we are active with cross border assignments, we have received several inquiries from foreign clients regarding payments in form of bitcoins and whether we accept such payments… as of 1.10.2017 (we) started to offer bitcoin payments as a payment alternative to our clients. In our view all relevant actors, including law firms, must adapt to the new business environments, wherein virtual currencies have a continuously growing significance."

https://bitcoinist.com/nordic-law-firm-begin-accepting-bitcoin-payments-for-legal-services/

Всего 200 млн Gatcoin изначально доступно для продажи. Да, планируются дополнительные продажи токенов до 2021 года. Тем не менее, есть определенный интерес западной аудитории к этому проэкту, так как эти самые подарочные купоны чрезвычайно популярная штука, по сути проект инновационный, и ниша свободна, я смотрел обзоры некоторых аналитиков.


Насколько я понимаю нет цели стать конкурентами Ефириума, ведь исходя из белой бумаги, Гаткоин совсем другой зверь и предназначен для целей розничной торговли: "Правила обращения гаткоинов были жестко запрограммированы в блокчейн Эфириума во время внедрения и не могут быть изменены. Жизнь гаткоина совпадает с жизнью блокчейна Эфириума, которая в теории совпадает с существованием самой  сети"

Bitcoin exchange Bitfinex has signaled its intent to provide support for both bitcoin blockchains following the SegWit2x hard fork in November. The exchange will continue to list the incumbent blockchain as “Bitcoin” under the ticker symbol “BTC” and will list the SegWit2x blockchain as “B2X”.

Bitfinex made the announcement in a statement on the exchange website on Friday, stressing that it does not “intend to advocate for or against any particular hard fork” and made the decision to list the incumbent blockchain as BTC and the new one as B2X due to operational concerns.

From the statement:

    “We have a responsibility to foster, maintain, and support orderly markets that trade continuously 24/7/365. With a hard fork that lacks clear community consensus, we cannot suspend operations and wait for a winner to emerge. Leveraged trading requires that our markets operate continuously. On operational requirements alone, we must designate such forks as new assets.”

Significantly, Bitfinex added that this designation would not depend on hashing power, so the original blockchain will continue to be listed as “Bitcoin” even if the B2X chain attracts more initial support from miners. However, the exchange may alter these labels in the future if “market forces suggest…a more appropriate” labeling scheme:

    “We are doing this for practical and operational reasons. Political considerations are irrelevant here. While we cannot change or re-assign ticker symbols, we can change the label or description associated with that ticker symbol. For the time being, BTC will continue to be labeled as “Bitcoin,” and B2X will be labeled as “B2X.” This will remain the case unless and until such time that market forces suggest an alternative, more appropriate, labeling scheme for one or both chains.”

To help maintain pricing stability after the fork, Bitfinex has created chain split tokens that enable traders to bet on the future value of the coins on each blockchain. Traders can deposit BTC and receive an equivalent amount of both BT1 (incumbent blockchain) and BT2 (SegWit2x blockchain). Following the fork, Bitfinex will convert the tokens into BTC and B2X. At present, BT1 is trading at $3,476, while BT2 is priced at $1,173.

Bitcoin exchange Coinbase has also announced it will support both blockchains following the fork. However, Coinbase — a SegWit2x supporter — has not revealed what labels and tickers it will apply to each chain.

https://www.cryptocoinsnews.com/b2x-bitcoin-exchange-bitfinex-reveals-ticker-for-segwit2x-fork/

As we predicted in our last markets update, bitcoin markets were behaving like a shaken can of soda — waiting to pop. The bitcoin price rocket started its ascent yesterday surpassing the $4,500 zone. Then the price of bitcoin blasted to a high of $4,865 just 24-hours later on October 9. As the fork(s) loom in the backdrop, many people are speculating that altcoins are being sold off for BTC so people can get in on capturing split tokens.


During the early morning hours of October 9, the price of bitcoin gradually lifted to the $4,650 range. However, the price train didn’t stop there as bitcoin’s value kept rising, reaching a high of $4,865 across global exchanges. Bitcoin trade volume has increased significantly since our last report reaching close to $2B in 24-hour trade volume. The decentralized currency’s price has wholly shaken off the 30 percent dip that took place during the first week of September. The top five exchanges pushing significant volume this week include Bitfinex, Bithumb, Bitflyer, Hitbtc, and the GDAX trading platform. Presently, these five exchanges are currently capturing roughly $544M in bitcoin trade volume.




At the time of writing one bitcoin holds an average of $4,790 per BTC across multiple exchanges throughout the world. Currently, technical indicators show the 100 Simple Moving Average (SMA) has risen well above the long-term 200 SMA indicating the market is indeed very bullish. Order books show a massive sell wall at the $5K zone, and there may be some sell-off if the price reaches this height. If the price can manage to surpass the $5K territory, then we may see some more smooth sailing upwards. Stochastic has finally turned north alongside the Relative Strength Indicator (RSI) confirming buyers have the reigns. Looking at the Fibonacci extension (Golden Ratio) at 61.8 percent shows the climb could reach an all-time high of $5,200 and higher. If the price gets choppy along the way and settles back, prices could easily fall back to the $4,400 range.


Market sentiment seems very optimistic even with the two possible forks coming in the near future. Altcoin markets, on the other hand, have seen better days as nearly every alternative cryptocurrency had dipped a touch before catching some of bitcoin’s positive rally around 5 pm EDT. Speculators believe over the course of the next few weeks traders will be dumping altcoins to get in on the upcoming blockchain split so they can accumulate the forked currencies. At press time the price per ethereum is $295, ripple $0.25, bitcoin cash $300, litecoin $50, dash $285, NEM $0.20, NEO $28, Monero $85, and IOTA $0.45.


Overall besides the scaling drama and the upcoming fork(s), most crypto-enthusiasts are still in high spirits. Lots of things are happening with bitcoin across the globe as the currency is trending in Japan, Russia, South Korea, and many more countries worldwide. There has been increased regulatory action from many nation-states, but officials are slowly starting to realize how powerless they are trying to deter bitcoin growth.

Bear Scenario: The price of bitcoin could hit some resistance and pull downwards from here. There’s a substantial floor between the $4,300-4,400 zone at press time. It would take a considerable sell-off to continue dropping below these price points, but if it does fall to $4,300 and the Stochastic and RSI is heading south, we could see a flat $4K range again or lower.

Bull Scenario:  The price of bitcoin at this vantage point could easily crossover past the $5K zone. Fibonacci extensions show we could reach heights between the $5,200 through $5,800 territories. Currently, its a buyers market and it doesn’t seem like it will slow up for the next 12-hours unless something unexpected happens intermittently.

https://news.bitcoin.com/markets-update-the-bitcoin-price-rocket-blasts-off-again/

Guys, do you truly believe the SHDW token will rise from the kneels? The guy above wrote about fraud from the developers side, is that true, or the game still continues and we can expect that token will have some future? The project had not collected minimum cap, do dev`s must get back all the money on smart contract conditions?

Maybe they are already on the sunny beach, roasting their bodies under the hot sunlight). Guys, if you reads this, please speak with your audience, who supported you and believe into the project. People already loose a lot of money on this dump, it`s time to start doing smth, stop eating borscht and roll out new functionality.

On my opinion "kryptorubel" is completely paper project, just for money laundering for its creation. We are hearing a lot of talks from russia about cryptocurrency legislation, creation of something their owns, smart people there already gain profit on mining, they do not relay on government, and that is why they are rich.

This is very good news, that despite Chinese ban and Dimon crypto-hatred, Bitcoin reclaim its positions. But i`m very dissapointed about Ethereum, it`s very underestimated currency, almost all ICO`s are on ethereum blockchain, it should cost at least twise more.

Robert Ophèle, the new head of France’s stock market regulatory agency, the AMF, presented his goals, which focus on Bitcoin, initial coin offerings (ICOs) regulation, and making Paris more attractive for financial investors leaving London as a consequence of Brexit.


Robert Ophèle detailed his five-year program for the AMF (Authorité des Marchés Financiers), in a recent interview with Challenges.

He noted that the priorities of the AMF program include managing Brexit’s consequences on European markets, enhancing the attractiveness of Paris to the financial world, and better regulating Bitcoin.

The AMF is an independent French entity responsible for safeguarding investments in financial products, maintaining orderly financial markets, and ensuring that investors receive material information.

Ophèle conceded during the Challenges interview that the amounts involved in the cryptocurrency market are now becoming too significant to ignore.

He also recognized that cryptocurrencies fulfill a legitimate need in the financial markets, acknowledging that “behind the creation of money, there is normally a real economic activity.”

In this regard, Ophèle explained:

    "There are various issues behind this. Cryptocurrencies can be very easily the receptacle of all that one wants to avoid: tax evasion, money laundering or the financing of terrorism. But it also meets more legitimate needs for cash transfers in a fast and cost-free way in the world. The financial industry is paying close attention."

https://bitcoinist.com/frances-stock-market-regulator-is-positively-interested-in-bitcoin-and-icos/

This month on October 28-29, 2017 the Texas Bitcoin Conference is coming to the Canyon View Event Center in Austin, Texas. The two-day event aims to showcase the transformative blockchain and cryptocurrency revolution taking place
The Texas Bitcoin Conference (TBC) is taking place in Austin, Texas this year featuring a slew of blockchain entrepreneurs and bitcoin luminaries. The organizers of the event say that attendees will be able to discover the fascinating effects of these emerging technologies. TBC organizers explain digital currencies are also more than just a fascination, “they’re an inevitability.”

The conference will showcase a wide range of businesses and exhibit presenters that are knee deep in this innovative technological landscape. TBC attendees will also hear from a variety of speakers from the cryptocurrency and blockchain industry throughout both days of the event. This year’s TBC speakers include Jeff Berwick (The Dollar Vigilante), Daniel Krawisz (Satoshi Nakamoto Institute), David Johnston (Factom), Elisabeth Grothe-Møller (Commoncollection.com), Ian Freeman (Free Talk Live), and many more special guests.


The TBC organizer and founder of Factom, Paul Snow, told news.Bitcoin.com he’s thrilled to host another blockchain and cryptocurrency focused event in Austin.  

“Bitcoin stands to eclipse all other stores of value in terms of security, privacy, utility and universal opportunity,” explains Snow. “Get your goggles on, and watch the eclipse the second time this year at the Texas Bitcoin Conference 2017. Why do I say we will eclipse the status quo? Bitcoin, and the entire cryptocurrency space is building innovation after innovation to be applied to every sector of the economy, including not just the financial sector. In other news, the US legacy financial sector’s latest security innovation is a chip that’s been used in Europe for years.”

        "Bitcoin drama will continue past Segwit2x in November, but that won’t stop Bitcoin and its children from storming all the legacy fortifications of the status quo and changing the world — We want people to see how at the Texas Bitcoin Conference this year."


The conference aims to focus on the massive growth of the Bitcoin ecosystem and the evolution of blockchain technology that followed bitcoin’s phenomenal rise. Attendees will hear about other important subjects like ICOs, regulations, tax law, altcoins, and the growing financial opportunities taking place within the crypto-economy.

Tickets for the TBC event in Austin are available now and there’s an early bird special of buy-one-get-another general admission ticket, half off for a limited time. The two-day Texas Bitcoin Conference will be happening at the beautiful Canyon View Event Center located at 4800 Spicewood Springs Rd, Austin, TX. The TBC event is proudly organized by the blockchain firm Factom and the Austin based radio broadcast the Crypto Show.

https://news.bitcoin.com/the-texas-bitcoin-conference-is-coming-back-to-austin/

Uber might be dithering about accepting Bitcoin payments, but an Indian car sharing firm has taken the lead. It claims to have raised $10 mln in funds, accepts cryptocurrencies and is planning an ICO.

Drivezy takes the leap

A self-drive rental firm in India, Drivezy, has raised $10 mln in a combination of debt and equity from American and Japanese investors, including Axan Partners that have invested $5 mln for an equity stake in the company.

The company has a fleet of over 1300 vehicles in four cities in India.

A consortium of Indian banks and financial companies have subscribed to $5 mln of debt. The company is also coming out with an ICO, to raise 17,625 ETH (~$5 mln). 


The CEO and Co-founder of Drivezy, Ashwarya Pratap Singh, said:

    "Considering the rising cost of important assets and resources such as housing and transportation, I believe the future is a shared one. With the growing popularity of Bitcoin in India, we feel that this is the right time to open ourselves up to alternative means in the sharing economy. This ICO is a part of our vision to leverage the power of Blockchain to build an open, secure and transparent technology to globalize the Indian car sharing marketplace."

The regulatory angle

An Indian firm planning an ICO raises several questions, primarily because cryptocurrencies operate in a grey area in India. Unlike regulators in the US, China or even Gibraltar, regulators in India have remained largely silent. So it comes as no surprise that the ICO of Drivezy will be launched in Japan and open to accredited investors only. That way, Drivezy can stay clear in case Indian regulators come out with sweeping regulations against crypto tokens in India.

The volatility question

One of the biggest problems with merchants accepting Bitcoin is the question of its volatile price. Drivezy has tied up with a payment processor, Unocoin, to manage this risk. While its customers might pay in Bitcoin, Drivezy receives the rupee value of those Bitcoins and is protected from volatility. This also means that if you have to get a refund, the amount of Bitcoins might be less/more than the Bitcoins you paid initially, depending on which way the price of Bitcoin has moved.

Why doesn't Uber accept Bitcoins?

Smaller firms like Drivezy have much more flexibility to take decisions like accepting cryptocurrencies for payment. For large companies like Uber operating in multiple jurisdictions, the decision is seen to be more difficult.

They have to ensure that they have a comprehensive policy about accepting cryptocurrencies and ensure that regulators are on board.

The incremental benefits of accepting Bitcoin are also smaller for companies like Uber, as their existing customer base is large, and cryptocurrency users are a niche community.

In spite of having a Bitcoin-friendly CEO, Uber has bigger problems to worry about, including loss of its London licence and a culture which supported gender discrimination and sexual harassment.

https://cointelegraph.com/news/indian-self-drive-car-rental-firm-beats-uber-in-bitcoin-adoption

Mexican politicians join the growing club of government regulators wishing to get a handle on bitcoin and financial technology.

Sheky Scoops Mexico’s Press

Mexican financial journalists were taken off guard when a Reuters story by Sheky Espejo claimed to have seen pending legislation only whispered about for months.

If government officials have their way, it appears they’re ready to intervene in Mexico’s thriving markets, cryptocurrencies generally, bitcoin in particular, and financial technology (fintech).

Latin America’s second largest economy was rocked recently by a hurricane and a devastating earthquake, the latter of which has probably slowed the pending legislative pace.

Half of Mexico’s population remains un-banked, essentially without recourse to capital and credit.

The draft seen by Mr. Espejo “proposes measures to regulate companies operating with virtual currencies like bitcoin, although it does not provide much detail. The central bank would be tasked with refereeing such operations, the document says.”

Legislation is a response to Mexico’s financial technology boom. More than a few sources believe the country to be the region’s fintech growth leader.

“We went from less than 50 (companies) in 2015,” an anonymous source is quoted, “to 158 in 2016, and we already have over 240 this year.”

Continue reading> https://news.bitcoin.com/mexico-proposes-legislation-tame-bitcoin/

Ребята, мне сегодня пришло сообщение на почту с предложением вручную что-то обновить в кошельке. Это реально рассылает myetherwallet?

The cryptocurrency universe is showing nervousness at the current levels, having recovered anywhere between 50% to 78% of the fall. After having sucked in the eager bulls at lower levels, is a retest of the lows on the cards?

What should be the future plan of action? To hold out or sell now? Let’s uncover the possibilities.

BTC/USD

In our previous analysis, we had recommended booking partial profits at about $4459 levels. We are not yet bearish on bitcoin, but we believe that the pullback has reached a significant resistance zone of $4546 to $4680.

So, how far can the digital currency fall?

Bitcoin has significant support from the 20-day exponential moving average (EMA), the 50-day simple moving average (SMA) and the trendline in the zone of $4121 to $4200.

Therefore, a bounce from these levels is likely.

We may see an intraday dip below the trendline, but the closing is likely to be above it. Aggressive traders can initiate long trades close to $4150, if there are clear signs of support kicking in. Please watch for an hour to establish a strong support and then buy. If the cryptocurrency continues to fall, no trade should be taken.

This is a risky trade, therefore, we recommend a smaller position size.

In order to protect our investment, a stop loss of about $3950 can be kept. The target objective of this trade is $4480 and higher.

ETH/USD

While bitcoin is yet to breakdown of the trendline, its junior partner, ethereum has already done so, albeit on an intraday basis. Until the digital currency breaks and closes below the trendline, we will not consider it a valid breakdown.

Ethereum has significant support at the $280 levels, where we expect some buying to emerge.

Nevertheless, we believe that the digital currency is stuck in a tight range of $280 to $310. This range is unlikely to hold out for long. Soon, price will either breakout or breakdown of it. Therefore, we recommend waiting until the digital currency reaches $317, which is a clear indication of demand because if the cryptocurrency breaks down of $280, it can plunge to $240 levels.

We are not recommending a trade within the range, as price is below both the moving averages, which is a bearish sign.

LTC/USD

Litecoin has formed a clear range of $44 on the lower end and $57.7 on the upper end. The best way to trade within a range is to buy at the bottom and sell at the top.

Currently, the cryptocurrency is trying to hold the psychological level of $50. If this level beaks, a fall to $44 is likely, where the traders can initiate long positions with a SL at $40. However, please don’t buy in a falling market. Wait for prices to bounce off the lows before buying around $44 to $46 levels.

On the other hand, if litecoin finds support at $50 and rallies above $58, we recommend a long position with the stop loss just below $50. A breakout of the range has a minimum target objective of $71.

https://www.cryptocoinsnews.com/analysis-bitcoin-ethereum-litecoin-3/

Two government officials of the Crimean Council of Ministers were caught mining bitcoin using government computers and were subsequently fired. They reportedly installed “malicious software” on the government’s server and programmed over a dozen computers to mine bitcoin.


The Chairman of the Anti-Corruption Committee of the Republic of Crimea, Alexander Akshatin, said at a press conference last week in Sevastopol that two employees of the Crimean Council of Ministers were caught mining bitcoin using government properties, RIA Novosti reported. One was the head of the IT department and the other was the department’s head of hardware and technical support. Both were subsequently dismissed, Akshatin revealed, adding that:

        "They put malicious software on the server of the Crimean government, which opened access to the information stored on it. Concurrently, more than a dozen computers in the basement of the building were also used which gave this same access."

The full article
https://news.bitcoin.com/government-head-of-it-department-fired-for-mining-bitcoin-using-state-owned-computers-in-crimea/