Bahrain Could Squeeze India to Re-Open its Crypto Market and Legalize Bitcoin
As per the request of the Reserve Bank of India, the country’s central banking institution, local banks have been disallowed from dealing with crypto businesses such as Bitcoin exchanges since 2018.
With no immediate plans of the Supreme Court of India to reverse the decision of the country’s central bank, crypto companies have been pushed out of the local market.
Consequently, Bitcoin investors have lost access to fiat-enabled exchanges and have resorted to peer-to-peer exchanges to convert cryptocurrencies, which could be impractical and unsafe, especially for face-to-face deals. Source: CCN.com
Coinbase Pushes Out Ex-Hacking Team Employees Following Uproar
Coinbase is parting ways with several employees from Neutrino following widespread criticism over the crypto exchange’s acquisition of the blockchain analytics firm.
CEO Brian Armstrong announced in a blog post on Monday that Coinbase and Neutrino have decided they will let go Neutrino employees who previously worked for Hacking Team, whether or not they still have any current affiliation with that company.
It’s unclear exactly how many of Neutrino’s employees had worked for Hacking Team, except for the three senior executives listed on the blockchain-sleuthing startup’s website: CEO Giancarlo Russo, CTO Alberto Ornaghi, and CRO Marco Valleri. Source: Coindesk
Bitcoin Can’t Be Stopped By Politics – Lightning ‘Torch’ Goes From Iran To Israel
The Lightning Network ‘torch’ payment has reached Israel after it was sent by an Iranian in a symbolic gesture of peace between the two nations. The historic occasion proves that Bitcoin is truly an apolitical and borderless money technology.
As reported previously by Bitcoinist, concerns over censorship didn’t stop the #LNTrutChain, otherwise known as the ‘Lightning Torch,’ from being sent to a user based in Iran. Source: Bitcoinist.com
Despite Recent Dip, Bitcoin Remains In Cyclical Uptrend, $150K By 2023 Not Impossible
Over the course of 2018, Bitcoin (BTC) broke a number of key technical levels. In some cases, the cryptocurrency fell so fast (and hard) that its moving averages didn’t catch up to it for months. And while nearly every notable support line, like the $10,000 and $6,000, have been snapped, an analyst argues that BTC remains in its most essential uptrend to date, one that could bring the digital asset to the moon.
Bitcoin Holds Long-Term Uptrend, Could Rally To $150,000 Over Time. Source: Newsbtc.com
Max Keiser on Bitcoin Cynic Warren Buffett: ‘He’s a Complete Failure’
Appearing for an interview with BlockTV, Max Keiser explained why he thinks Warren Buffett has been throwing shade at the crypto community. Keiser did not hold back:
I think he feels insecure. Without the bailouts of 2008, without the access to free money from central banks, without stock buybacks – that were up until recently illegal – Warren Buffett’s performance would be close to zero.
Warren Buffett has trashed Bitcoin in particular and the budding crypto-economic sector in general, calling Bitcoin “rat poison squared” just last year, CCN reported. Source: CCN.com
Bitcoin (BTC) Transaction Volume Nears All-Time-Highs Despite Gloomy Market Conditions
Following an extended period of sideways trading, the cryptocurrency markets dropped today as Bitcoin failed to hold above its recently established support level at $3,800. BTC’s drop below this level has led many cryptocurrencies to plunge 5% or more, signaling that greater volatility is likely to come as the week continues on.
Despite the current state of the markets, analysts are quick to point out that the number of transactions per block for Bitcoin are nearing their previously established all-time-highs that were set during the height of the bull run in December of 2017. Source: Newsbtc.com