Zimbabwe’s Mobile Money Ban And The Impacts On Bitcoin Trading

Zimbabwean authorities’ ongoing tussle with mobile money operators (MMO) reached a crescendo when a government official shocked the world by announcing a suspension of this service.  The suspension, which took immediate effect, was immediately rebuffed by Ecocash, the largest of the three mobile money operators (MMOs). Sensing potential divisions within the ranks of regulators, Ecocash quickly called out this irregular and potentially illegal announcement. In a statement attributed to Ecocash, the MMO says it is only guided by instructions from the country’s central bank, the Reserve Bank of Zimbabwe (RBZ).…

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Swipe Acquisition Confirmed by Binance; SXP Token Listed

Leading crypto exchange Binance has confirmed this Tuesday that it has officially acquired London-based crypto card issuer Swipe, confirming rumors from last week. It was suspected that last week that Binance had partnered with Swipe to launch a new crypto debit card, and this collaboration was also mentioned in their FAQ page, but it was subsequently deleted. The exchange officially confirmed today that the acquisition has happened, but the price has not been disclosed. The companies will now work in tandem to offer cryptocurrency payments and purchases via traditional financial…

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Dogecoin (DOGE) Price Prediction and Analysis in July 2020

We will be examining some of the past prices and market opinions for the DOGE crypto so that we can issue a Dogecoin price prediction for July 2020. Dogecoin Overview Dogecoin (DOGE) is a popular meme turned into a crypto that appeared on the market in 2013. The coin was based on the image of the then-popular Doge meme. Dogecoin has a current trading price of $0.002337, with a decrease of -0.28% in the last 24 hours. The crypto is ranked at 35th place according to a market cap of…

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Binance Starts Swipe Partnership to Issue Crypto Debit Card?

Major crypto exchange Binance has announced that it will be joining forces with Swipe to launch its crypto debit card. The official announcement made by the exchange on July 2 on its website, but this information was soon taken down. The cached version of the Binance Card FAQ on the Binance site read: “Binance has partnered with Swipe to provide a Card platform for Binance users. The issuer will be a financial institution that is identified on your Cardholder agreement depending on your region. Each region will have its own…

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Australia Post Offices Now Allow People To Buy Bitcoin

Australians can now pay for bitcoin at their local post office due to a new collaboration. In an announcement made on June 24, users of Bitcoin.com.au will be able to buy bitcoin at more than 3,500 Australian post offices. These post offices will accept Australian dollars and EFTPOS (electronic funds at point of sale) payments for bitcoin purchases from Bitcoin.com.au through the Post Billpay service. Also, part of the collaboration is Blueshyft, an Australian payment service on iOS that allows digital businesses to accept cash. This collaboration between Bitcoin.com.au and…

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Why The Hot New Trend In Crypto Is The Twitter Hashtag Emoji

The “Crypto Twitter” hashtag emoji has become all the rage across the industry in recent weeks, but why? Is it just to jump on a trend, or is it to gain valuable brand visibility? Or is it something more altogether? The Crypto In Crowd: Binance Joins Bitcoin and CRO With New Twitter Hashtag Emoji Twitter CEO Jack Dorsey is a well-known Bitcoin backer, and also heads the company Square Inc. Square offers the popular payments app CashApp, which acts as a fiat payment gateway for Bitcoin buying. Dorsey has gone…

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Signal That Marked Start of Bitcoin’s 2015 Bull Run Just Hit a New High

With Bitcoin being range-bound for nearly the past two months, it’s been easy for investors to revert to a bearish mindset. Nothing shows this as well as the funding rates of BTC futures markets, which are now neutral-negative instead of positive. Key on-chain metrics, however, suggest that the start of the next bull run is imminent. Key Bitcoin Indicator Hits Fresh All-Time High The percentage of BTC in circulation that has not moved in over a year has just reached a new all-time high of 62%. That’s according to on-chain…

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Bitcoin Sees Third Lowest Volatility Since The Crypto Bubble First Began

Bitcoin price has been trading sideways for over forty days and counting. The crypto asset has been unable to break above $10,000 or remain below $9,000 for more than a few moments. The sideways action has caused the third-lowest volatile point on record over the last four years. The first time started the last bull market; the last time caused a 50% drop – is the third time the charm? Sideways Trading Bitcoin Markets Still Reeling From Black Thursday Chaos Bitcoin and the rest of the crypto asset class are…

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These 3 On-Chain Levels Will Provide Bitcoin With Support as Price Crashes

Bitcoin’s strength didn’t last for long. After attempting to run past the resistance around $10,000 on Monday, the cryptocurrency strongly reversed. On Wednesday, BTC fell as low as $8,950 — almost 9% below the week’s highs. While the rapid reversal has been anything but bullish, data shows that there’s on-chain support should Bitcoin’s price dip further. Bitcoin Is About to Enter a Confluence of On-Chain Support Despite Bitcoin seeming to be on a slippery slope back into a bull market, it is about to enter a region of on-chain support.…

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Canadian Cryptocurrency Firms Now Legally Recognized as Money Service Businesses

On June 1, 2020, the Canadian federal government declared all cryptocurrency exchanges and crypto payment processors as Money Service Businesses (MSBs). All crypto firms in Canada will now have to operate under the ordinance of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). They are also asked to register as a money service business. Francis Pouliot, the founder of Bull Bitcoin and CypherNode, shared his outlook with a tweet. He said, “Today is my last day as an unregulated dealer in virtual currency. As of June 1, 2020,…

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