Price
After the dive below the 6000 level Bitcoin has shown a recovery back with an increase in trade volumes. Bearish Trend Line stays a strong resistance for the BTCUSD attempts to go up, and the price will meet it again in nearest days. Fast come-back above 6000.0 level had shown its supportive nature, but it is too early to talk about turnaround patterns. A breakthrough above the Bearish Trend Line and 6650.0 afterward will be a sign of a reversion.
Today forecast
Trading in the 6000.0 – 6600.0 zone.
Latest news
After the dive below the 6000 level Bitcoin has shown a recovery back with an increase in trade volumes. Bearish Trend Line stays a strong resistance for the BTCUSD attempts to go up, and the price will meet it again in nearest days. Fast come-back above 6000.0 level had shown its supportive nature, but it is too early to talk about turnaround patterns. A breakthrough above the Bearish Trend Line and 6650.0 afterward will be a sign of a reversion.
Today forecast
Trading in the 6000.0 – 6600.0 zone.
Latest news
- Mt. Gox Creditors’ Legal Victory: “Enormous Assets” to be Returned
The Mt. Gox Creditor (mtgoxcreditor) posted Commencement of Civil Rehabilitation Proceedings of Mt. Gox today, indicating a victory for creditors long wondering if an attempt would be made at making them financially whole. The Tokyo District Court ordered commencement of civil rehabilitation proceedings, and as such “enormous assets, which were to be distributed to Mt. Gox’s shareholders under the bankruptcy proceedings, will be returned to creditors.”
- US Secret Service Asks Congress for Help to Prevent Illicit Use of Privacy Coins
The US Secret Service is worried about the illicit use of cryptocurrencies. A high-ranking official of the agency has urged Congress to consider additional legislation to address anonymity-enhanced cryptocurrencies and services intended to obscure transactions on blockchains such as tumblers or mixers.
Deputy Assistant Director of the US Secret Service’s Office of Investigations, Robert Novy, gave a testimony before the House of Representatives Financial Services Subcommittee on Terrorism and Illicit Finance on June 20.
Novy explained that his agency is primarily concerned with the use of cryptocurrencies “in criminal schemes that undermine the integrity of financial and payment systems, their use in cases of fraud, and their general use as a means of money laundering,” stating:
“While some digital currencies have operated lawfully, others have been used extensively for illicit activity…The growing illicit use of digital currencies risks undermining the effectiveness of existing U.S. laws and regulations, especially those intended to limit the ability of criminals to profit from their illicit activities.”
