Crypto News – 17 April – Kraken ousts Bitcoin SV as delisting gathers momentum, Tone Vays gets sued for defamation and libel and more
— AMBCrypto (@CryptoAmb) April 17, 2019
Daily Crypto News – April 17
1. John McAfee on Satoshi Nakamoto’s identity: John McAfee, the Founder of McAfee Associates, commented on the recent events surrounding Craig Wright and the rest of the cryptocurrency space. The well-known Bitcoin influencer also claimed that Craig Wright was 100% “not Satoshi Nakamoto”. He also went on to speak about the real identity of the creator of Bitcoin.
To know more about it, click here!
2. Kraken shuts its door for Bitcoin SV: The leading cryptocurrency exchange joined the bandwagon led by Binance. It was announced that Bitcoin SV [BSV] would no longer be supported on the exchange. It stated that this was a “unique case” as the decision was made because of the actions of its founders and people promoting the coin, adding that they “turned out to be total assholes”.
To know more about the remarks made by Jesse Powell on BSV and Craig Wright, click here!
3. Tether launched on Tron Blockchain: USDT-TRC20 pairing launched on the blockchain as Tron claims it will make the stablecoin faster, more reliable and more efficient. Tron has also promised a bounty system with varying degrees of interest.
To read more about Tron-Tether partnership, click here!
4. Calvin Ayre asks Bitcoin SV community to join the legal action saga: Calvin Ayre, a well-known Bitcoin SV proponent, has asked the Bitcoin SV community that avails Kraken’s trading service to take legal action against the exchange. This was because of Kraken’s decision to delist the cryptocurrency from its platform, following the suite of Binance and Shapeshift.
To know more about the legal pursuit, click here!
5. Tone Vays receives a Cease and Desist letter from TokenPay: The Bitcoin influencer received a Cease and Desist Letter from TokenPay for “defamation attacks against TokenPay”, which concerned TokenPay’s partnership with Litecoin Foundation.
More Bitcoin ATMs are being introduced by LibertyX as interest grows
- The company behind first launching Bitcoin ATMs in the United States, LibertyX to introduce more.
- LibertyX have announced they will add another 90 ATMs to its network.
LibertyX, the firm that launched the first Bitcoin (BTC) automated teller machine (ATM), in the United States, will be adding 90 new machines to its network.
The Boston-based firm will be partnering with independent ATM operator DesertATM, as part of the network expansion, as detailed within a report by global ATM market publication ATMmarketplace on July 18.
DesertATM will be uploading LibertyX on 90 of its Genmega ATMs to facilitate Bitcoin operations. In terms of the new Bitcoin ATM locations, these will be placed at; gas stations such as AMPM, ARCO & Chevron, as well as Family Dollar retail stores, as per the press release notes.
Bitcoin not yet banned in India, regulations around the corner
- The Minister of State to the Ministry of Finance told the upper house of the Indian Parliament, cryptos are not banned yet.
- The Minister, Anurag Singh Thakur, also stressed the need of creating a solution that caters to global regulators.
As per Anurag Singh Thakur, the Minister of State to the Ministry of Finance, holding or trading cryptocurrencies is not banned in India. During an address to the upper house of the Indian Parliament, Thakur stated that the Reserve Bank of India and the Ministry of Finance have issued notices regarding the use of Bitcoin and other similar coins:
“Presently, there is no separate law for dealing with issues relating to cryptocurrencies. Hence, all concerned Departments and law enforcement agencies, such as RBI, Enforcement Directorate and Income Tax authorities, etc. take action as per the relevant existing laws.”
The Minister’s response followed a recent report regarding an alleged crypto blanket ban draft which stated that the government would sentence crypto traders with a ten-year imprisonment.
In a separate letter addressed to the Ministry of Corporate Affairs, Thakur stated that an interministerial committee needs to create a solution that caters to global regulators:
“It is difficult to state a specific timeline to come up with clear recommendations. The Inter-Ministerial Committee (IMC) under the Chairmanship of Secretary, Department of Economic Affairs is examining all issues, including the pros and cons of the introduction of an official digital currency in India. No decision on licensing and authorizing any entity or company to operate such schemes or deal with Bitcoins or any virtual currency has been made as yet.”
Bitcoin price prediction: BTC/USD faces two healthy resistance levels on path back to $11,000
- BTC/USD is currently trading around $10,545.
- The two resistance levels are at $10,575 and $10,700.
BTC/USD had a bearish Friday where the price fell from $10,660 to $10,540. Bitcoin managed to have a bullish start to this Saturday and is currently trading for $10,545. The daily confluence detector shows two moderate-strong resistance levels at $10,575 and $10,700. On the downside, there are two support levels of note at $10,500 and $10,375.
BTC/USD daily confluence detector
The $10,575 resistance level has the 1-week Fibonacci 61.8% retracement level, while the $10,700 has the most substantial resistance level but no confluences has been detected. On the downside, the $10,500 support level has the 100-day simple moving average (SMA 100) and the 1-hour previous low. The $10,375 level possesses the 1-day Fibonacci 38.2% retracement level.