Japan’s industry association for cryptocurrencies has approved a license application from Wirex, making it one of the few virtual payments platforms to receive preliminary authorization to operate in the country.

The Japan Virtual Currency Exchange Association (JVCEA) today welcomed Wirex Japan as type II member. While membership does not confer any additional business privileges, it is the first step towards receiving a full exchange license.

• Bytecoin has bearish short-term outlook, with price still capped below the BCN / USD pair’s 200-period moving average on the four-hour time frame
• The four-hour time frame shows that price is still trapped within a falling price channel
• A daily time frame shows a bearish double-top pattern formation weighing on the cryptocurrency

Bytecoin has a bearish short-term trading bias, with the BCN / USD pair still trading below its 200-period moving average on the four-hour time frame.

• Bytecoin has bearish short-term outlook, with price still capped below the BCN / USD pair’s 200-period moving average on the four-hour time frame
• The four-hour time frame shows that price is still trapped within a falling price channel
• A daily time frame shows a bearish double-top pattern formation weighing on the cryptocurrency

Bytecoin has a bearish short-term trading bias, with the BCN / USD pair still trading below its 200-period moving average on the four-hour time frame.

• Stellar Lumen has an increasingly bearish short-term trading bias, with the XLM / USD pair slipping towards its all-time trading low
• The four-hour time frame shows that a bearish triangle pattern breakout is underway
• The daily time frame shows that a bearish head and shoulders pattern has been triggered

Stellar Lumen has a bearish short-term outlook, with the cryptocurrency slipping closer to its all-time trading low.

• Tezos has a bullish short-term bias, with the XTZ / USD pair recovering to its highest trading level since May 2019
• The four-hour time frame shows that bulls are trying to invalidate a bearish pattern
• The daily time frame shows that a bullish breakout is currently underway

XTZ spiked after Coinbase announced integration of Tezos at Coinbase.com and in the Coinbase Andro

Crypto.com Chain is a mobile wallet, accompanied by a payments card. When the project launched in 2017, it seemed an ideal way to increase the mainstream adoption. 

The project seems to be doing everything it can to bring crypto into everyday use. With Visa-branded credit cards, a mobile app where users can buy, sell, and spend crypto, and a $10 million URL, the project formerly known as Monaco Coin regards itself as:

Binance Coin (BNB) is experiencing a sharp rebound as investors buy back into the exchange token. With new IEO rules coming into force tomorrow, the rise may be a vote of confidence from the market following the security breach revealed yesterday.

Binance coin reached $30 this morning, up from $27 yesterday morning. It was the biggest winner in the top ten, with a current market capitalization of $4.7bn.

The British Government has requested that cryptocurrency exchanges hand over user identity data and transaction histories. HMRC, the U.K. tax authority, is expected to pursue unpaid tax revenues from the past three to four years.

In the same week, a new tax calculator has launched which received funding from…you guessed it…the U.K. Government. Known as Recap, it is designed as a simple solution for crypto holders to calculate their tax positions as well as raise awareness about the taxes they are liable for.

Bitcoin dominance is now at 68%, the highest level of the past two years. In a recent report, Binance researchers indicated that these “historical” levels represent a “triumph” for BTC, as other cryptocurrencies lose ground.

Institutional investors are either the bane of crypto, or its savior. It just depends on who you ask. For some, major institutional involvement is a validation of the theory that digital assets must have inherent value – after all, risk-aversion is a well-established characteristic of those who are accountable for the funds of their clients.

For others, the participation of institutions is a self-fulfilling prophecy that will lead to the further economic domination of the banking class, rather than the repudiation of inequality.