💎 One-minute letter: Bitcoin Laundering Less Than 1% of All Transactions

Recent reports

• Less than one percent of all Bitcoin transactions involve money laundering.

• $7 mln Bithumb security breach has been linked to North Korean hackers.

 

Regulation

• Bitcoin is under heavy surveillance on Bali. Central Bank officials are seeking to crack down on the use of the cryptocurrency anywhere in the nation.

• Many of the Indian top banks suspended exchange accounts. The banks cite the risk of dubious transactions.

 

Forecasts

If the Ethereum price breaks out of the $1100 levels, we expect a move to $1174.36 and $1284.28 levels. As the stop loss is $930, which doesn't offer a good risk to reward ratio, we are not suggesting any trade on it.  

Read more in the Price Analysis: Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano.

The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.


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