Bitcoin drops again below $ 9000
After a week that fluctuated in the range of $ 9100-9300, the price of Bitcoin today fell below the $ 9,000 threshold. Currently, cryptocurrency is trading at around $ 8,800, and the outlook is not positive.
Technical analysts show that in the next period, the BTC may end up testing the support level of $ 8,000. Low volumes and lack of interest in the market can even drop to $ 6,800, pessimists warn.
Optimists, however, point out that, historically, November was one of growth for Bitcoin:
“November was historically one of the best performing bitcoin months of 2012. November 2018 was the main (and memorable) exception. Currently, BTC is only increasing 1.5% for November 2019 … What will the next 3 weeks bring? “
Todaro said Twitter.
Founder of MicroBT, detained for investigations
Zuoxing Yang, founder and CEO of mining equipment manufacturer MicroBT, has been detained for investigation. He has been accused of infringing intellectual property, specifically copying Bitmain technology for his own mining equipment.
Yang served as design director at Bitmain and participated in the development of AntMiner S7 and S9 models in 2016. He left the company and raised over $ 20 million to create MicroBT – which produces the WhatsMiner Bitcoin mining range.
Shortly after leaving Bitmain, Yang was sued by Bitmain for patent rights. A Chinese court has revoked the Bitmain patent
“Because the models of the circuit in question have been widely used.”
Local media reported that the new investigation is most likely related to this topic.
The Treasury wallet can be integrated with Binance DEX
Binance CEO a announced that Binance DEX will now be available through the Treasury wallet, thus offering a new access point for cryptocurrency trading.
The Trezor wallet provides easy access to multiple crypto assets as well as a hub for hardware wallet control. This combines a secure approach to cold storage, which keeps the private key offline while allowing users to quickly access stored currencies.
Binance DEX is one of the fastest growing decentralized exchanges, with volumes over $ 1.24 million. It currently offers 87 tokens and cryptocurrencies, including its own stable cryptocurrencies based on the pound and the US dollar. In addition to Treasure, Binance DEX allows connections for three other hardware wallets – Ledger, CoolWallet and SafePal.
In a hearing before the US Congress Security Committee, the FBI director said that modern technologies are a problem for the authorities. Christopher Wray stated:
“Whether it is cryptocurrencies or implicit encryption on messaging devices and platforms, we are heading as a country and a world in a direction where, if we do not unite to implement solutions, we will eventually fail to identify the evidence and facts that we are investigating to protect the population ”.
The FBI director explained that investigators have difficulty identifying ways to track money because of new technologies. He asserted that America’s opponents are increasingly using anonymity of their activity.
In 2018, the FBI investigated about 130 cases involving cryptocurrencies, from human trafficking to ransomware. In May this year, the FBI closed DeepDotWeb, a dark web marketplace that used cryptocurrencies as a payment method for certain services.
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