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Bitcoin News Summary – October 15, 2018

The post Bitcoin News Summary – October 15, 2018 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds.  Major exchange and Tether operator, Bitfinex, has imposed a temporary ban on all fiat deposits. Clients are no longer able to deposit Euros, Dollars, Yen or Pounds to the exchange. […]

As Petro Launch Looms, Venezuela’s Bolivar Eyes 1.4 Million Percent Inflation

Based on findings from the International Monetary Fund (IMF), the annual inflation rate for Venezuela could reach as high as 1.37 million percent by the end of 2018. Inflation estimates for the country have risen several times this year as Venezuela struggles with policies and production — and prepares to launch its Petro cryptocurrency No […]

UK: Cryptocurrency Regulations May Take 2 Years for Lawmakers to Draft

Cryptocurrency regulations in the UK could take up to 24 months to be introduced according to a legal expert at a UK based law firm. James Kaufmann, Legal Director at Reynolds Porter Chamberlain (RPC) UK, while commenting on the subject in a statement published by his company, said it could take two years to introduce such […]

Report: Crypto Funds Make up 20% of Hedge Fund Launches in 2018

The number of cryptocurrency hedge fund launches has increased dramatically in 2018 despite a bearish market, finds a new study. According to Crypto Fund Research, crypto funds now constitute 20 percent of the total hedge fund launches in 2018. The industry witnessed 90 cryptocurrency fund launches by the end of the third quarter of this […]

Bitcoin Fully Bottomed Out at $6k? Bears Struggle to Justify Stability

The question of whether Bitcoin has bottomed already has again surfaced following the latest drop in the digital currency price. Bears have no explanation as to why BTC has been holding this price for so long… as if it were forming a floor. Those bullish can explain this – BTC has fully corrected… and equal […]

Crypto Week In Review: Coinbase Drops Index Fund, “Dr.Doom” Bashes Crypto

Despite Nouriel “Dr.Doom” Roubini’s cries that the crypto market is on its last legs, this week’s crypto- and blockchain-pertinent developments indicate that this industry is still booming. Nouriel “Dr.Doom” Roubini Takes To Twitter, US Senate To Bash Crypto Dr.Nouriel Roubini, one of NYU Stern’s economics professors, recently bashed the cryptocurrency and blockchain world through a […]

Bitcoin Price Weekly Analysis: BTC/USD Could Test $6,390 Before Lower

Key Points Bitcoin price found support near the $6,100 level and corrected higher against the US Dollar. There is a major bearish trend line in place with resistance at $6,325 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair must break the $6,325 and $6,390 resistance levels to move into […]