The Latest News about Cryptocurrency

Sunday, Sept. 30 - Markets are trading sideways today, with gains and losses among the top five cryptocurrencies not exceeding 4%.Market visualization.

Philippine boxing champion and celebrity Manny Pacquiao has launched his own cryptocurrency.

Top Stories This WeekSudden slump sees Bitcoin lose support for five figuresAfter managing to maintain support above $10,000, Bitcoin finally succumbed to bearish pressure this week - shedding $500 in a matter of minutes on Wednesday to stabilize at about $9,500.

Swiss crypto banks receive licenses from a financial regulatorTwo Swiss crypto-specializing organizations, Seba Crypto AG and Sygnum, received banking and securities dealer licenses from the Swiss Financial Market Supervisory Authority, the banks announced in separate statements on Aug. 26.With the new license, Seba expects to officially launch its new trading platform early in October 2019, the company stated.

How far have the Big Four gone while exploring distributed ledger technology, and can blockchain offer any particular perks for those companies?

Is this a good time to buy or will the price continue to fall? Let's analyze the charts of the top five crypto performers of the past seven days.

While difficult to pin down exact statistics regarding how many companies are currently operational in the space, estimates from 2018 compiled by the Israel Blockchain Association put the figure at over 200 companies.

North Korea is denying accusations of obtaining $2 billion through hacking banks and cryptocurrency exchanges.

In the crypto space in Asia last week, new data concerning Bitcoin use in Hong Kong shows that residents are using crypto to hedge against the possibility of capital restraints, while the Japanese Financial Services Agency is undertaking new regulatory actions.

Bitcoin's greatest hopes now reside in the Lightning Network and solutions like it.

Electric Coin Company, the firm behind privacy-centric cryptocurrency Zcash, reported financial losses in Q1 2019.According to the Q3 2019 report published on Aug. 29, the firm operated at an average monthly deficit of $186,000 during the first quarter of the year.

There are several countries around the world that are developing national blockchain-based digital currencies - such as Venezuela and its state-owned Petro, China and its plans to issue a government-backed digital currency, etc.

The favorable energy prices and naturally cold climate are turning Siberia into an international mining hub with miners from Europe, Asia and the U.S. placing their rigs in local farms.

Coinbase, one of the most popular cryptocurrency exchanges in the world, will be forced to transfer all of the European accounts on their platform to another entity within the EU. In an email sent to its European users, the exchange said that a no-deal Brexit will prevent the company from providing e-money services to its clients.

Telegram Open Network's blockchain will allow developers to port their Ethereum smart contracts.

Even though the year saw 1253 ICOs raise around $8 billion, the vast majority of the funding came in the first half of the year.

This week saw major expansion of crypto payments in Brazil, new standards freeing Bitcoin from Portuguese taxes, and the allegedly fraudulent Grupo Bitcoin Banco's refusal to pay clients their deposited funds.

The analyst said that unlike Bitcoin, Litecoin's price doesn't have a significant relationship with the stock-to-flow ratio, which makes its halvings less relevant to its price.

This week saw twin reports from smart contract startup Simba Chain and blockchain data management firm Constellation, both of whom announced contracts with the United States Air Force.

The Spanish-speaking world saw a number major developments this week, with several companies accepting cryptocurrencies as a form of payment and the Venezuelan government making new claims about the use and acceptance of the controversial Petro coin.

At the moment, the company is actively hiring specialists who can convince financial regulators to give the Libra coin the right to exist - and even launched a testnet of the future network.

On Aug. 28, the Ministry of Economy of Kyrgyzstan has submitted the draft law "On Amending the Tax Code" with the aim of introducing cryptocurrency mining taxation.

In the shadow of United States President Donald Trump's trade war with China, we are beginning to see the battle lines drawn in a war for global monetary supremacy, with China's offering representing centralized control and including the suppression of foreign influences.

Australian software programmer and Bitcoin's Lightning Network coder Rusty Russell warned users that "Security issues have been found in various Lightning projects which could cause loss of funds."

Former blockchain firm ConsenSys' ventures head Kavita Gupta joined security token project Dusk Network.

Islamic finance and Sharia advisory firm Amanie Advisors have established Ether's compliance with Islamic religious law.

So is this already priced in or the market cycles are just repeating themselves? Let's take a look at some key similarities to previous bull market cycles.

Can PACs become a gateway for cryptocurrency-based contributions in United States politics while select states and high-profile nominees like Hillary Clinton explicitly refuse to accept digital assets during political campaigns?

The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter focused on crypto assets.

Depending on the price action during the next few days, we might suggest traders initiate long positions above $11,000 instead of waiting for a breakout above the downtrend line, as recommended in our earlier analysis.