Calm Before The Storm? 5 Bitcoin Price Factors to Watch This Week

Bitcoin (BTC) begins a new week trading in a familiar corridor below $10,000 — will it stay there or is volatility actually incoming? Cointelegraph Markets’ weekly newsletter gives you five factors influencing Bitcoin’s price performance in the coming days. Stocks recover from coronavirus worries The start of this week marks a clear contrast from last Monday. Concerns over coronavirus have faded and with it stock market volatility.  Overall conditions on stocks futures remain uncertain, yet more stable compared to seven days ago.  With that, Bitcoin managed to avoid sudden moves…

Ethereum Eyeing Last Line of Defense: Here Are Key Supports To Watch

Ethereum is declining steadily below the $235 resistance zone against the US Dollar. It seems like ETH could decline heavily if it breaks the $225 support zone in the near term. Ethereum is trading in a bearish zone below $232 and the 100 hourly simple moving average. The price is slowly declining towards the key $225 support zone. Yesterday’s followed major declining channel is still active with resistance near $232 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline sharply if it fails to stay…

5 Things to Watch in Bitcoin This Week

Bitcoin (BTC) is feeling the pressure as a new week’s trading begins — but what will drive market sentiment in the coming days? Cointelegraph’s newsletter gives you five factors influencing the Bitcoin price for the week ahead. Stocks dive on COVID-19 second wave fears Stock market futures are taking a battering prior to the opening bell. The likely culprit is coronavirus once again — a new cluster of infections in China has raised fears of a second wave already beginning.  Dow Jones futures lost 800 points, or 3.2%, on the…

5 Things to Watch for Bitcoin This Week

Bitcoin (BTC) began a new week less than $500 away from $10,000, but sudden volatility remains — what should you look out for in the coming days? Cointelegraph presents a weekly roundup of the major factors set to influence BTC/USD price action this week.  Stocks rise but suspicions remain Macro markets look set to continue an optimistic uptrend despite the chaos encircling the United States.  The S&P 500 was solid pre-trading on Monday, buoyed by the curious combination of the U.S. economy reopening but mass protests continuing throughout the country. …

3 Common Compliance and Regulatory Pitfalls to Watch for in 2020

Regulations are not going anywhere. On the contrary, financial service providers face more regulatory challenges and higher costs than ever before. During the early days of cryptocurrencies, a “Wild West” culture emerged when regulators, uncertain on how to tackle this thing called blockchain, paid little attention to the thefts, scams and hacks plaguing the virtual-asset market. Today, this is no longer the case. No matter their roots, every virtual asset project from Telegram to Shapeshift to Libra is ramping up compliance while regulators continue to issue guidance, enforce regulations and…

Italian Cryptocurrency Project Plans to Pay Users to Watch Porn

Novel cryptocurrency project PornVisory plans to reward its users with tokens for watching porn on its platform. PornVisory founder Veronica Noschese explained to Cointelegraph that there’s a natural synergy between the cryptocurrency and pornography industry, which desperately needs anonymous financial systems. As examples, Noschese pointed to PayPal banning Pornhub from its system in 2019 and the porn giant’s subsequent decision to support Verge’s cryptocurrency in 2018. In January 2020, PornHub also started accepting Tether’s USDT stablecoin as a payment option. She said: “In the porn industry there are a lot…