BITCOIN NEWS​

blockchained_India-min

NASSCOM lobbying the RBI to favour Bitcoin [BTC] startups backed by the PCI

Prevailing Indian tech lobby, the National Association of Software Services Companies [NASSCOM] is purportedly pushing Indian central bank, the Reserve Bank of India [RBI] to include cryptocurrencies like Bitcoin to its regulatory sandbox. As per news, the $154 billion Indian IT sector representative has called for crypto inclusion in the so-called ‘Draft Enabling Framework for Regulatory Sandbox’. The call is reportedly backed by the Payments Council of India [PCI], which is also seeking a fairer regulatory structure, reported CCN.

🔗CCN
BTC_still_bullish-min

Bitcoin [BTC] price dip from $8,000 has not changed its bullish outlook

Bitcoin bulls reportedly showed exhaustion as it failed to remain afloat above the $8,000 mark, plunging down by eight per cent towards $7,300 at press time. However, the recent plummet has not affected the outlook of analysts as they reportedly state this to be a typical retracement before the flagship coin prepares for a higher highs in 2019. As per reports, BTC’s price had purportedly crashed by about 11 per cent to $7,000 amidst the sell of frenzy with the rest of crypto market following suit, as reported by BitcoinNews.com.

Bitcoin_flash_plummet-min

Bitcoin [BTC] price flash plummet to $6,200 on crypto exchange Bitstamp

As per the news, a trader on crypto exchange Bitstamp reportedly put up a sell order of 5000 BTC at an oddly low price of $6,200 which led to a massive plunge on the exchange. As per reports, the effect was felt across the crypto market with BTC market average falling to about $7,100. Although details related to the plunge continue to remain unclear, speculations, however, cite various possibilities including a whale dump, fat finger error or a bot glitch running wild in the space.

Bitcoin_valt_acquisition-min

San Francesco-based Coinbase eyeing crypto custody firm Xapo for acquisition

As per news, crypto exchange Coinbase is reportedly taking steps for acquiring crypto custody firm Xapo for about $50 million, however, the deal is yet to be closed. As per reports, the Hong-Kong based company, Xapo is known for offering BTC wallets combined with cold storage vault and a Bitcoin [BTC]-based debit card. As per the Wall Street Journal, Xapo stores customer funds in offline, encrypted servers that are never connected to the internet, often referring to it as a Fort Knox of Bitcoin [BTC] storage.

BTC_price_correction-min

Bitcoin [BTC] in for a price correction towards $7.600

As per the news, the flagship coin was reported to be in a price correction situation, as exhaustion leaves the bulls unable to hold the 10-month highs it hit earlier today. As per reports, the leading cryptocurrency by market capitalization made a significant jump to $8,390 earlier today, which is its highest level since July of 2018. However, BTC witnessed a decline to $7,840, representing a two per cent drop in the 24-hour frame, as reported by CoinDesk.

Bitcoin_futures_record-min

CME Group reported $1.3 billion for Bitcoin [BTC] futures volume

CME Group operated options and futures exchange reported record volumes for its Bitcoin futures contract as the flagship coin continues its explosive bull run. As per news, since the options and futures contracts’ launch in December 2017 by Chicago Mercantile Exchange [CME] and the Chicago Board Options Exchange [CBOE], the Group’s last reported record for contracts summed to 22,500 in April 2019. However, the CME reported new numbers on 13th May which reached 33,700 contracts representing an equivalent value of $1.35 billion, reflecting an almost 50 per cent surge from the previous set record.

BTC_altcoin_sesaw-min

Bitcoin [BTC] pumps altcoins follow, expected gains of 600% on joining BTCs bullrun

As per the news, the top cryptocurrency by market capitalization has reportedly been reflecting strength, leaving spectators in awe as the seemingly unstoppable rally continues. However, due to BTC being paired with altcoins on most exchanges, its crypto cousins have reportedly dropped further relative to their Bitcoin ratio. As per reports, previous altcoin/BTC bear cycles hint at the the bearish momentum easing up, bringing investors over 600 per cent gains on altcoins joining BTC in a bull run.

blockchain_infrastructure-min

German state of North Rhine-Westphalia plan to establish European Blockchain Institute

As per the news, the government of the German state North Rhine-Westphalia [NRW] unveil plans to establish the European Blockchain Institute to research blockchain technology. As per reports, the institute will reportedly be founded in the city of Dortmund later this year, inside the Fraunhofer Institute for Material Flow and Logistics [IML]. However, the project is purportedly facing heat from blockchain critics regarding the levels of energy consumption for mining Bitcoin [BTC], reported Cointelegraph.

Amazon_accepting_cryptos-min

Winklevoss and Flexa enable crypto payments on Amazon’s WholeFoods, Starbucks and other major retailers

As per the news, e-commerce giant Amazon’ subsidiary, Whole Foods has reportedly announced that they are accepting cryptocurrency as a payment method. As per the reports, the initiative was purportedly made possible via a partnership between U.S. payments startup Flexa and the regulated cryptocurrency exchange Gemini, a subsidiary of Winklevoss. Moreover, the list of accepted cryptocurrencies for retail purchases include Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH] and Gemini Dollar [GUSD], as per Coinspeaker.

Bitcoin_bullrun-min

Bitcoin [BTC] smashes through the $8,000 mark with ease

On 13th May following a significant breakthrough above the $7,400 mark in the first half of the day, Bitcoin has purportedly smashed through the $8,000 mark with all top-20 cryptocurrencies reflecting green. As per news, the flagship coin is trading around $8,013 at press time, reflecting a surge of over 13 per cent on the day with 38.88 per cent in weekly gains. The total market capitalization has surged from $209 billion from the beginning of the day to around $234 billion at press time, as per CoinMarketCap [CMC].

blockchained_India-min

NASSCOM lobbying the RBI to favour Bitcoin [BTC] startups backed by the PCI

Prevailing Indian tech lobby, the National Association of Software Services Companies [NASSCOM] is purportedly pushing Indian central bank, the Reserve Bank of India [RBI] to include cryptocurrencies like Bitcoin to its regulatory sandbox. As per news, the $154 billion Indian IT sector representative has called for crypto inclusion in the so-called ‘Draft Enabling Framework for Regulatory Sandbox’. The call is reportedly backed by the Payments Council of India [PCI], which is also seeking a fairer regulatory structure, reported CCN.

🔗CCN
BTC_still_bullish-min

Bitcoin [BTC] price dip from $8,000 has not changed its bullish outlook

Bitcoin bulls reportedly showed exhaustion as it failed to remain afloat above the $8,000 mark, plunging down by eight per cent towards $7,300 at press time. However, the recent plummet has not affected the outlook of analysts as they reportedly state this to be a typical retracement before the flagship coin prepares for a higher highs in 2019. As per reports, BTC’s price had purportedly crashed by about 11 per cent to $7,000 amidst the sell of frenzy with the rest of crypto market following suit, as reported by BitcoinNews.com.

Bitcoin_flash_plummet-min

Bitcoin [BTC] price flash plummet to $6,200 on crypto exchange Bitstamp

As per the news, a trader on crypto exchange Bitstamp reportedly put up a sell order of 5000 BTC at an oddly low price of $6,200 which led to a massive plunge on the exchange. As per reports, the effect was felt across the crypto market with BTC market average falling to about $7,100. Although details related to the plunge continue to remain unclear, speculations, however, cite various possibilities including a whale dump, fat finger error or a bot glitch running wild in the space.

Bitcoin_valt_acquisition-min

San Francesco-based Coinbase eyeing crypto custody firm Xapo for acquisition

As per news, crypto exchange Coinbase is reportedly taking steps for acquiring crypto custody firm Xapo for about $50 million, however, the deal is yet to be closed. As per reports, the Hong-Kong based company, Xapo is known for offering BTC wallets combined with cold storage vault and a Bitcoin [BTC]-based debit card. As per the Wall Street Journal, Xapo stores customer funds in offline, encrypted servers that are never connected to the internet, often referring to it as a Fort Knox of Bitcoin [BTC] storage.

BTC_price_correction-min

Bitcoin [BTC] in for a price correction towards $7.600

As per the news, the flagship coin was reported to be in a price correction situation, as exhaustion leaves the bulls unable to hold the 10-month highs it hit earlier today. As per reports, the leading cryptocurrency by market capitalization made a significant jump to $8,390 earlier today, which is its highest level since July of 2018. However, BTC witnessed a decline to $7,840, representing a two per cent drop in the 24-hour frame, as reported by CoinDesk.

Bitcoin_futures_record-min

CME Group reported $1.3 billion for Bitcoin [BTC] futures volume

CME Group operated options and futures exchange reported record volumes for its Bitcoin futures contract as the flagship coin continues its explosive bull run. As per news, since the options and futures contracts’ launch in December 2017 by Chicago Mercantile Exchange [CME] and the Chicago Board Options Exchange [CBOE], the Group’s last reported record for contracts summed to 22,500 in April 2019. However, the CME reported new numbers on 13th May which reached 33,700 contracts representing an equivalent value of $1.35 billion, reflecting an almost 50 per cent surge from the previous set record.

BTC_altcoin_sesaw-min

Bitcoin [BTC] pumps altcoins follow, expected gains of 600% on joining BTCs bullrun

As per the news, the top cryptocurrency by market capitalization has reportedly been reflecting strength, leaving spectators in awe as the seemingly unstoppable rally continues. However, due to BTC being paired with altcoins on most exchanges, its crypto cousins have reportedly dropped further relative to their Bitcoin ratio. As per reports, previous altcoin/BTC bear cycles hint at the the bearish momentum easing up, bringing investors over 600 per cent gains on altcoins joining BTC in a bull run.

blockchain_infrastructure-min

German state of North Rhine-Westphalia plan to establish European Blockchain Institute

As per the news, the government of the German state North Rhine-Westphalia [NRW] unveil plans to establish the European Blockchain Institute to research blockchain technology. As per reports, the institute will reportedly be founded in the city of Dortmund later this year, inside the Fraunhofer Institute for Material Flow and Logistics [IML]. However, the project is purportedly facing heat from blockchain critics regarding the levels of energy consumption for mining Bitcoin [BTC], reported Cointelegraph.

Amazon_accepting_cryptos-min

Winklevoss and Flexa enable crypto payments on Amazon’s WholeFoods, Starbucks and other major retailers

As per the news, e-commerce giant Amazon’ subsidiary, Whole Foods has reportedly announced that they are accepting cryptocurrency as a payment method. As per the reports, the initiative was purportedly made possible via a partnership between U.S. payments startup Flexa and the regulated cryptocurrency exchange Gemini, a subsidiary of Winklevoss. Moreover, the list of accepted cryptocurrencies for retail purchases include Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH] and Gemini Dollar [GUSD], as per Coinspeaker.

Bitcoin_bullrun-min

Bitcoin [BTC] smashes through the $8,000 mark with ease

On 13th May following a significant breakthrough above the $7,400 mark in the first half of the day, Bitcoin has purportedly smashed through the $8,000 mark with all top-20 cryptocurrencies reflecting green. As per news, the flagship coin is trading around $8,013 at press time, reflecting a surge of over 13 per cent on the day with 38.88 per cent in weekly gains. The total market capitalization has surged from $209 billion from the beginning of the day to around $234 billion at press time, as per CoinMarketCap [CMC].

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