Tricky challenge: to buy Rolls-Royce now or to hodl some crypto till Pizza Day?

Tricky challenge: to buy Rolls-Royce now or to hodl some crypto till Pizza Day?

Terrorists prefer cash to crypto, luxury car brands accept BTC and BCH, SEC suspends two investment products from CoinShares subsidiary and how Bitcoin can help Argentina

  • Terrorists prefer fiat money. The United States House Financial Services Subcommittee on Terrorism and Illicit Finance has concluded in their September 7th meeting that fiat money is still the preferred option of terrorists.
  • Spend BTC and BCH on luxury vehicles. Post Oak Motor Cars is reportedly the first Rolls-Royce, Bentley and Bugatti dealership in the U.S. to accept Bitcoin (BTC) and Bitcoin Cash (BCH) as payment.
  • The SEC imposes a new restriction on BTC and ETC trading. XBT Provider AB, a Swedish investment firm and subsidiary of CoinShares, was issued an interim suspension for two products by the US SEC: Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF).
  • Argentina-Bitcoin connection. A proposal to place a sliver of Argentina's central bank reserves in bitcoin is worth taking seriously, given the country's current dire straits.
  • Bitcoin continues to stabiize demonstrating slow rising movements with the price around $6,303. ETH dropped down below $200.

BTC

3,599 USD
1.17%

BCH

130.06 USD
6.86%

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Bitcoin Cash [BCH] escapes the bear as price shoots up by more than 7%

As the cryptocurrency market enters the last week of January, the behavior of tokens have also seen a change as some coins are in the green while others are still bleeding. The sporadic movement has been ongoing for quite some time now, with cryptocurrencies like Bitcoin [BTC], XRP and Bitcoin Cash [BCH] all suffering the same fate, until today. On January 23, Bitcoin Cash saw a resurgence with the prices climbing on the charts. At the time of writing, BCH was rising by 7.06%, with a total market cap of $2.295 billion. The cryptocurrency was trading for $129.85 and had a 24-hour market volume of $276.262 million. The chart showed that over the past 24 hours, Bitcoin Cash had climbed from a bottom of $119.94 to reach a peak of $130.42, before settling at its current price. The Chaikin Money Flow indicator on the chart also points to a significant spike, a sign of the massive amounts of money coming into the market during the price rally. The total trade volume of BCH was majorly split between three exchanges: LBank, Huobi Global and P2PB2B. LBank had a grasp on $22.821 million worth of BCH trade while Huobi Global and P2PB2B saw BCH transactions worth $35.191 million taking place on the platform. Bitcoin Cash has been in the news multiple times over the last few weeks, mainly due to updates and comments from its proponents. Roger Ver, the Chief Executive Officer of Bitcoin.com and one of the most vocal supporters, had recently announced that Bitcoin.com’s wallet will receive its update soon. The news had also rallied users of the wallet, one member even listing out the features needed in the update; spend and replace built right into the wallet, strong privacy thanks to Coinshuffle, and improving the transaction creation, signing, and broadcasting speed. The post Bitcoin Cash [BCH] escapes the bear as price shoots up by more than 7% appeared first on AMBCrypto.
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