Bitcoin is finally moving again after ranging in the past days. In the daily, price found support around 5,600 and is trying to break past resistance around 7,200. Price is also moving near the 50 MA and a break above it could push price toward 7,500 - 8,000.
Global market cap is at $197B, while BTC's market cap is at $129B.
CoinGate, a crypto payment processor, reported an increase in crypto purchases in the adult entertainment industry during the COVID-19 pandemic. For the month of March, CoinGate reported a 13% increase in Bitcoin payments, 14% for Ethereum, and 12% for Bitcoin Cash. While many of these adult entertainment merchants are from Europe, crypto shoppers from all over the world made purchases - including those from the US, the Philippines, India, Germany, France, Netherlands, the UK, and Italy, all of which have been hit hard by the coronavirus.
Revised versions of Japan's Payment Services Act (PSA) and Financial Instruments and Exchange Act (FIEA), two pieces of legislation passed by their House of Representatives last year to regulate crypto, are to be enforced starting May 1. Revisions to the PSA include the rule that crypto exchanges in Japan must find a third-party operator to keep custody of their users' funds. Revisions to the FIEA include the regulation of crypto asset derivatives under the FIEA, and the prohibition of anyone in Japan to engage in activities such as dissemination of rumors, or to engage in fraudulent means to sell or purchase crypto assets or derivatives.
Former pastor and his wife has been charged by the U.S. SEC for allegedly stealing nearly $500,000. Larry Donnell and Shuwana Leonard pulled the act by selling bogus stock certificates, shilling an alkaline water-based cryptocurrency, and a non-existent bitcoin mining operation to defraud investors. The SEC said Larry Donnell failed to disclosed the speculative nature of bitcoin mining and never actually invested the stolen funds. The couple is said to have stolen $486,984.28 from 500 investors.
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