Bitcoin failed to climb convincingly above $10,200 against the US Dollar. As a result, BTC declined heavily below $9,800 and it is now vulnerable for a bigger a correction.

Yesterday, we discussed the importance of the $10,200 resistance area for bitcoin against the US Dollar. BTC price made two attempts to clear the $10,200 and $10,300 resistance levels.

However, the bulls failed to gain traction above $10,200. A swing high was formed near the $10,300 level and the price declined heavily below the $10,000 support area.

Moreover, yesterdays major bearish trend line acted as a strong hurdle near $10,200 on the hourly chart of the BTC/USD pair. The pair fell more than 5% and traded below the $9,800 and $9,700 levels.

Bitcoin

Similarly, there was a strong decline in Ethereum below $270 and ripple dived below $0.2850. Bitcoin even spiked below the $9,500 support area and traded to a new weekly low at $9,344.

It is currently correcting higher above the $9,500 level, plus the 23.6% Fib retracement level of the recent decline from the $10,301 high to $9,344 low. On the upside, there are many important hurdles forming for the bulls, starting with the $9,750 level.

The first key resistance is near the $9,800 and $9,820 levels. Besides, the 50% Fib retracement level of the recent decline from the $10,301 high to $9,344 low is near $9,823 to act as a strong resistance.

Therefore, bitcoin price must clear the $9,820 resistance to make another attempt for a clear break above the $10,200 resistance.

If BTC fails to continue above the $9,800 and $9,820 resistance levels, there is a risk of more downsides. An initial support is near the $9,500 level.

A daily close below $9,500 might push bitcoin in a bearish zone. In the mentioned case, the bears are likely to aim a test of the $9,000 support area.

Technical indicators:

Hourly MACD The MACD is now gaining strength in the bearish zone.

Hourly RSI (Relative Strength Index) The RSI for BTC/USD is now well below the 40 level.

Major Support Levels $9,500 followed by $9,200.

Major Resistance Levels $9,750, $9,800 and $10,000.

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Bitcoin Just Signaled Sell And Its Vulnerable to a Massive Correction - newsBTC

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A recent debate in the Cryptoverse has brought forward yet again a number of vital questions concerning the very basis of Bitcoin (BTC) - and crypto in general: how safe is BTC from censorship, control, and surveillance?

The participant in this debate are Kevin Sekniqi, Co-founder and Chief Protocol Architect at blockchain startup AVA Labs, former software engineer at Microsoft on the one side, and on the other, Alex Gladstein, Chief Strategy Officer at Human Rights Foundation (HRF), Vice President of Strategy for the Oslo Freedom Forum, and an advisor to venture capital company Blockchain Capital.

The entire discussion started with Gladstein's take on the benefits of Bitcoin, an asset like none before, as he said, tweeting out a list on February 18:

Not everybody agreed with all the points on this list, with commenters pointing out instances of censorship, interference and surveillance by government agencies, centralization of mining resources, etc.

One of the people disagreeing is Sekniqi, who promptly launched a series of "attacks" on what he calls "an unfortunate series of Bitcoin narratives." He adds: "Bitcoin is a technological breakthrough, but it does not live outside our universe and is therefore breakable." He made the arguments that Bitcoin can be effectively shut down:

And there we have it - the two camps of opinion with commenters falling in one, or the other, and everywhere in between, taking the argument into the next day. People quickly started taking sides, and soon both Sekniqi's and Gladstein's honesty was put into question and conflicts of interest raised. The latter argues that the former is "pushing a shitcoin competitor" to Bitcoin, given that AVA labs is behind Athereum, an experimental Ethereum testnet, with a native token ATH, and claims that Sekniqi's project can't compare to BTC. However, Tim Swanson, head of market intelligence at blockchain builder Clearmatics, joined the discussion to point out Gladstein's "hypocrisy" as he too is promoting a coin.

Gladstein responded today with a promised series of videos, to defend his position, counter Sekniqi's arguments, and invite a conversation on these issues. He too finds that the other side is promoting false narratives not based in the real world, and concludes that:

This was the last episode so far in this series of discussions, but the debate in general, permeating the Cryptoverse, will certainly continue, giving its complex nature.

Which side are you on? What important details Sekniqi and Gladstein missed in their arguments? Let us know in the comments section below.___Learn more: What Could Kill Bitcoin and How Possible it isHey, Govt Officials! Do You Still Think You Can Ban Bitcoin?Bitcoin Perhaps More Dependent on Governments than Many Think7 Biggest Misconceptions About Bitcoin, Picked by 6 Crypto ExpertsBitcoin Price Might Hit USD 1M Sooner Than a Quantum Computer Attacks

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Can Bitcoin Really be Censored, Controlled, and Mass Surveilled? - Cryptonews

The Dutch Government is sharing intelligence data, including that gathered during last years takedown of a Bitcoin mixing service, with four other countries. The Netherlands, US, UK, Canada and Australia formed the Joint Chiefs of Global TaxEnforcement, or J5 group, in 2018.

The five countries also take part in events known as the challenge, to coordinate their investigations of tax-related crime.

Bestmixer.io was a bitcoin mixing service based in The Netherlands, which offered to further anonymize bitcoin transfers by mixing tokens with those from other sources.

The Dutch Fiscal Information and Investigation Service (FIOD) started to probe the service following suspicions about its operations and genesis. Although bitcoin mixing platforms do have a legitimate use for increasing anonymity, they can also be utilized by criminals for money laundering.

As Bitcoinist reported, in a joint operation with Europol back in May 2019, FIOD closed down Bestmixer and seized its assets.

At a J5 event in Sydney this week, FIOD chief, Hans van der Vlist, explained that all of the intelligence gathered during the Bestmixer investigation had been shared with the other member states.

We provided all the information that came out of the Bestmixer investigation. We shared it with other countries, and we used it in the J5 challenge.

The Bestmixer sting caused a a severe blow to the concealment of crypto money flows, according to van der Vlist. And the intel gained is still producing results.

Just this Monday, FIOD arrested two individuals suspected of money laundering using cryptocurrency. One of the cases is directly related to information gathered during the Bestmixer operation.

This weeks J5 group meeting follows the issuing of subpoenas and warrants by its members last month, as part of a joint investigation into a Central American financial institution. The US Internal Revenue Service (IRS) described this as the first major operational activity by the J5.

However, Australian Tax Office Deputy Commissioner, Will Day, stressed that the J5 is looking beyond just a single financial institution in Central America.

The cooperation between countries also helps individual member states to investigate domestic cases of tax evasion, through the use of offshore accounts. Day stated that most of the focus was on prosecuting the professional enablers of such schemes, and that individuals concerned that that had been caught up in such arrangement should come forward and work with the authorities.

Come forward early, because with the J5 collaboration, its only a matter of time until we find you.

The US alternative hip-hop group, Jurassic 5, also known as J5, could not be reached for comment.

What do you make of the J5 nations probing into crypto mixing services? Add your thoughts below!

Images via Shutterstock

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Netherlands Shares Bitcoin Mixer Probe Report With J5 Nations - Bitcoinist

Coronavirus has spread from Wuhan, China, to countries across the world. But how do you know you have it? Here are some signs to watch out for. USA TODAY

Sometimes it's hard to avoid surfaces and objects that other peoplehave touched, which is a common way for bacteria to travel. Numerous studies have shown that ATMs, credit cards and thosepayment tablets popping up in restaurants are rife with all sorts of illness-causing germs. Plus, despite the rise of digital wallets, millions of Americans still useold-fashioned paper money every day.

Which raises the question: Can coronavirus live on the cash in your pocket or on the plastic in your purse?

If someone is coughing, and then they hand their credit card to someone across the counter, I wouldnt rule out the potential of transmission.

"Cash is not a good vehicle to transport respiratory viruses, however, cards have a little bit more potential," said Dr.Susan Whittier, a clinical microbiologistat New York-Presbyterian Hospital at Columbia University Medical Center."If someone is coughing, and then they hand their credit card to someone across the counter, I wouldnt rule out the potential of transmission."

Coronavirus fallout: Study says people aren't downloading flight and hotel apps

Impact on business: Restaurants struggle amid fears of coronavirus outbreak

Shopper exchanges credit card with clerk.(Photo: RossHelen / Getty Images)

Viruses, in general, tend to survive longer on hard surfaces like credit cards and coins than they do on porous surfaces like fabric and dollar bills,Whittier added.

Still, Chinesebanks have started essentially washing money to destroy potentially infected cash before it's handed back out.

"Cash received by banks must be sterilized before being released to customers," the Chinese government's website recently announced. The nation is using ultraviolet light and heat to kill any bacteria on the surface of currency.

While it's certainly not necessary at this point,making digital paymentsand transfers could be a viable solution for people shaken bythemere threat of infected cash.

"Anytime you decrease coming in contact with contaminated surfaces, youre decreasing your risk of coming in contact with viruses," Whittier said.

There's been a surge of investment in cryptocurrencies like Bitcoin since news of novel coronavirus hit the airwaves, which may or may not be pure coincidence.

(Photo: Getty Images)

Bitcoin, a market leader,saw a record month in January, breaking $100,000 a day in China alone, the company's CEO Stefan Rust told USA TODAY. Thedecentralized digital currency saw "a greater surge beyond that" globally in February.Bitcoin is currently trading $10,152 per share.

Second to Bitcoin in the mobile payments spaceisEthereum, which sawshares gradually rise in mid-January, though shares are pricedmuch lower at $278.The digital currency platformRipple (XRP) saw shares jumped around the same time.

China, which seems to beground zero for coronavirus cases,is a digitally savvy nation that's light-years ahead of the U.S. when it comes to doing away with paper money.

But the potential economic downturn as factories shutter, workers stay home and tourism haltscould drive investorsto flee risky stocks and park their cash in other places.

"People are looking for a safe haven and cryptocurrency might be that safe haven," Rust said.

Someone also took to Reddit this week to announced a new strain of cryptocurrency dubbed "Coronacoin," which claims to be backed by the spread of the deadly respiratory illness. A portion of the funds generated will be donated to Red Cross,according to coronatoken.org.

For now, Coronacoin is virtually worthless, trading at less than half a cent, according to the bitcoin tracking site CoinGecko.

Follow Dalvin Brown on Twitter: @Dalvin_Brown.

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Can the coronavirus spread through cash exchanges or live on credit cards? - USA TODAY

This week Bitcoin price faces rejection above $10,300 as it crashed to $9,200 in no time, marking a regression of over 10%. The golden crossover that was anticipated to bring bullish divergence has started with a notable pullback. We do not consider this as an onset of the bear market because the technical indicators appear bullish.

Analyzing the intraday movement of BTC/USD on Coinbase, we see that that the coin has faced an unpredictable, volatile fall and test support around $9,200. The intraday positive correction taking place today has led the Bitcoin to trade around $9,500 and that is the reason the technicals appear bullish. With this, the price trend is slightly below 38.20% Fib Retracement level and awaits a push to have a persistent trade above $10,000, followed by $10,500 and beyond.

Bitcoin has been performing well since the start of the year 2020 and the two events, i.e.,

have been the major pushes to turn an anguished trade into gaining impressive positions. However, now there is no specific reason for a price correction as we believed a strong rally to happen, and therefore, we believe this to be a temporary pullback. Also, the altcoins have turned red and have reported notable dips over the past 24 hours.

The technicals appear bullish as the intraday corrections have lured the BTC whales, and the MACD line crosses above the signal line.

While the RSI of the coin is at 47.68 and has risen above the selling pressure with no trading extremities at present.

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Bitcoin Rises Above the $9,200 Support Zone but Lacks Momentum - CryptoNewsZ

By Joanna OssingerBitcoin volatility is back to levels not seen since early November, with the bulls and bears sparring at the $10,000 price level.

Historical swings over the past 10 days on the Bitcoin-U.S. dollar pair surged to 65% on Wednesday, the highest level since Nov. 6, according to data compiled by Bloomberg. Bitcoin plunged late in yesterdays session, going from being little-changed at $10,168 to a drop of more than 8% to $9,327 about 45 minutes later. It recovered somewhat after that, and traded Thursday at $9,537 as of 8:25 a.m. in New York.

Bloomberg

Cryptocurrencies are known for their volatility, and the largest of them has continued to live up to that reputation. Bitcoin is still up more than 30% to start 2020, which some market players attribute to a search by investors for alternative asset classes amid concerns about the coronavirus outbreak.

Bloomberg

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Bitcoin goes wild as volatility jumps to 3-month high - Economic Times

In his first speech of CoinGeek London 2020, nChain Technical Director Steve Shadders spoke about the need for dedicated Bitcoin script engineers. Bitcoin Association Founding President Jimmy Nguyen then took the stage to highlight the path to that expertise, delivering a talk with Shadders on BSV Developer Training Initiatives.

Before bringing Shadders back to the stage, Nguyen noted that one of the most frequent requests the Bitcoin Association gets from enterprises is for more developer training. They are addressing this need by creating a formal education and curriculum to provide developers learning about Bitcoin.

This training will come in every imaginable form, including written materials, PowerPoint presentations, video and other materials and online materials to provide a full curriculum and development courses. Ultimately, enterprises can use these materials to more easily onboard new Bitcoin developers.

The end goal, Nguyen noted, is to have a BSV developer certification process, through which you will go through educational training that we will provide, or partners will provide. And well have an assessment system so that developers around the world can be an official Bitcoin, Bitcoin SV script engineer.

Shadders then walked the crowd through what shape one of these training initiatives will take. He commented that the old Bitcoin wiki is easy enough for a veteran of BSV to understand, but new developers need something without all the rubbish. So first up, nChain has published a new Bitcoin SV Wiki. Its been peer reviewed and reviewed by Steve Shadders personally, and went live as of 9:00am on February 20.

It has 87 pages to it so far, and Shadders notes that its a minimum viable product for initial release, with more to come. You can already check it out at wiki.bitcoinsv.io.

Nguyen then returned to talk about the launch of standalone BSV Devcons. The first event of this series will take place in San Francisco, California between June 27-28 at the W hotel. Pre-registration is already open at bsvdevcon.net.

These events will feature workshops, educational opportunities and presentations from men like Shadders and Dr. Craig Wright, and others from the nChain team. A second event is planned for 2020, but Nguyen noted that exact details are still being determined.

Dont miss out on the rest of CoinGeek London. The event is being livestreamed by CoinGeek, and you can catch Day 1 here.

New to Bitcoin? Check out CoinGeeks Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoinas originally envisioned by Satoshi Nakamotoand blockchain.

To receive the latest CoinGeek.com news, special discounts on CoinGeek Conferences and other inside information direct to your inbox, pleasesign upfor our mailing list.

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CoinGeek London: Bitcoin SV Wiki and BSV Devcon revealed - CoinGeek

Bitcoin's (BTC) price volatility spiked in January and could further increase over the near term because whales have surfaced.

The cryptocurrencys annualized volatility grew roughly eight percentage points in January to a three-month high of 58.2 percent, according to Krakens monthly report.

Volatility rose as bitcoins price rallied from lows near $6,850 on Jan. 3 to a three-month high of $9,570 on Jan. 31. The cryptocurrency closed out January with 30 percent gains, registering its best January performance since 2013.

With the price rally, whales - those buyers of large numbers of coins - seem to have woken from their long slumber. The number of whale addresses ones with balances ranging from 1K BTC to 10k BTC ticked higher in the second half of January, as noted by Krakens researchers.

The number of whale addresses increased from 2,000 to 2,030, marking a transition to an accumulation phase from the wait and see phase seen in the last four months of 2019.

Historically, that transition has injected volatility into the bitcoin market. For instance, whales began accumulating coins in September 2018 and entered wait-and-watch mode in early 2019. Meanwhile, the annualized volatility bottomed out below 20 percent by mid-November and skyrocketed to 100 percent by the end of December.

On similar lines, the spike in price volatility in the second quarter of 2019 was preceded by accumulation by large wallets.

The peculiar behavior could be associated with whales having the resources to affect the market with large orders.

During the accumulation phase, whales eat into market liquidity, Ashish Singhal, co-founder and CEO of CRUXPay and CoinSwitch.co told CoinDesk. That affects the supply-demand ratio and causes volatility to re-enter the market.

Sudden price swings have been observed during whales accumulation period. The cryptocurrencys sharp rise from $4,100 to $5,100, seen on April 2, 2019, was reportedly caused by an order worth about $100 million spread across three exchanges.

Whale action has also led to big price sell-offs in the past; a bitcoin flash crash from $12,600 to $12,100 in less than 15 minutes on July 9, 2019, was triggered by a massive sell order of 6,500 BTC on cryptocurrency exchange Binance.

Singhal added that HODLers addresses with balances ranging from 10 BTC to 100 BTC also influence liquidity and volatility. According to historical data, volatility tends to rise once the 10 to 100 BTC cohort concludes accumulation.

As the growth in the number of addresses with 10 to 100 BTC topped out in November 2018, volatility kicked in and rose sharply from 20 percent to 100 percent. A similar divergence between the two metrics was seen during the four months to mid-July 2019.

Currently, the 10 to 100 BTC cohort is in the accumulation phase, having bottomed out in November. The number of addresses have increased from 135,000 to 137,500 over the past three months.

"Family offices, high-net-worth individuals and proprietary trading accounts have been building BTC positions continuously in the 10 to 100 range. It's a sign of growing adoption of bitcoin as an investment," Gabor Gurbacs, digital asset strategist/director at VanEck/MVIS, told CoinDesk.

If HODLers exit the accumulation phase and whales continue to snap up coins over the coming weeks, the demand supply-imbalance could worsen, resulting in a big jump in volatility.

The problem, however, is that it is difficult to predict how long these periods of accumulation for HODLers will last, said Connor Abendschein, crypto research analyst at Digital Assets Data.

The ongoing accumulation by HODLers could last at least for a few more weeks, with the cryptocurrency set to undergo mining reward halving in three months.

The rewards per block mined on bitcoins blockchain will be reduced from 12.5 BTC to 6.25 BTC at some point in May. Essentially, miners would have fewer bitcoins to sell after May, and that could lead to a supply deficit.

In the past, markets have priced in the impending supply cut by rallying to a new market cycle top (the highest point from the preceding bear market low) in the calendar year of reward halving, but on a date before the event.

Thus, if history were to repeat itself, bitcoin could rise above the June 2019 high of $13,880 before May. With such strong bullish expectations dominating the market sentiment, HODLers are unlikely to end accumulation anytime soon.

However, that does not necessarily mean volatility would crash, as whales are also likely to continue accumulating coins ahead of the reward halving.

If the whales shift to accumulating bitcoin while HODLers are still within their current phase, it would suggest an additional increase in demand for BTC at near the same as the mining supply is scheduled to be cut in half in early May, Abendschein told CoinDesk. This imbalance has the potential to not only see a spike in volatility, but also in price.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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On-Chain Activity Suggests Bitcoin Price Volatility Will Continue, Thanks to 'Whales' - Coindesk

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Bitcoin (BTC) returned into the five-figure zone on Wednesday, reviving the bullish case and putting recent highs near $10,500 back on the radar.

At press time, bitcoin is trading at $10,139, representing a 4.48 percent gain on a 24-hour basis, as per CoinDesks Bitcoin Price Index.

However, the top cryptocurrency by market value was looking weak 24 hours ago, having breached the 2020 rising trendline support at $9,700. The subsequent sell-off, however, ran into bids near $9,600, following which prices charted a near 90-degree rise to $10,290 during the U.S. trading session.

Tuesdays spike marked an end of the pullback from recent highs near $10,500 and validated the positive shift in the long-term sentiment highlighted by the golden crossover the bull cross of the 50- and 200-day averages.

As a result, bigger gains could be in the offing in the short term, more so as the price of gold, a classic safe haven asset, is again rising.

The yellow metal jumped 1.32 percent on Tuesday its biggest single-day gain since Jan. 3 on haven demand amid losses in the U.S. stock markets. Investors shunned risk after Apple warned it does not expect to meet its March quarter revenue guidance due to the coronavirus outbreak's effect on suppliers in China.

Bitcoin has increasingly moved in tandem with gold so far this year. Its one-month correlation with gold strengthened to 0.70 in January from Decembers -0.12, according to cryptocurrency exchange Krakens January volatility report.

Gold is currently trading above $1,600 per ounce and appears on track to test the six-year high of $1,611 reached on Jan. 8.

Daily chart

Bitcoin jumped 5 percent on Tuesday, keeping the 2020 rising trendline support intact and confirming another bullish higher low at $9,467 (Feb. 17 low) a sign of continuation of the rally from January lows near $6,850.

Additionally, prices closed well above $10,050 the high of Sundays doji candle confirming a bullish breakout from a period of indecisive price action.

With the bulls back in the drivers seat, a re-test of the recent high of $10,500 looks likely.

4-hour chart

Bitcoin is still trading in an expanding descending channel on the four-hour chart. A breakout looks likely as the relative strength index has already violated the descending trendline and is pointing north.

Bearish scenario

If the cryptocurrency again finds acceptance under $10,000, prices may revisit the former hurdle-turned-support of $9,825 (marked by arrow) on the hourly chart (above left).

A violation there would shift the focus to the neckline support of the potential head-and-shoulders pattern on the four-hour line chart. At press time, the key support is located at 9,584. A break lower could discourage buyers, leading to a deeper slide toward $9,000.

Disclosure:The author holds no cryptocurrency at the time of writing

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Bitcoin Bulls Back in the Driving Seat as Price Crosses $10K - CoinDesk - CoinDesk

Bitcoin, cryptocurrencies, blockchain, decentralization, China's digital yuan, Facebook's librathe U.S. is understandably worried about the dominance of the almighty dollar.

Last year, U.S. president Donald Trump slammed bitcoin as based on "thin air," while his Treasury secretary Steven Mnuchin branded bitcoin a "national security threat."

Now, the U.S. has admitted bitcoin and cryptocurrency could undermine the dollar's status as the worlds reserve currencyand it wants to find out exactly how bad for the country, its economy, and security that could be.

The rise of bitcoin and cryptocurrencies has caused some to fear the dominance of the U.S. dollar ... [+] might be under threat.

"Many cryptocurrency enthusiasts predict that either a global cryptocurrency or a national digital currency could undermine the U.S. dollar," the U.S. Office of the Director of National Intelligence wrote in a job listing earlier this month, calling for two researchers to evaluate the impact of the U.S. dollar losing its status as the world reserve currency.

"If either of these scenarios or others come to pass, the U.S. would lose both its status in the world and its global authorities."

The two roles, looking for a postdoc Ph.D. graduate and a U.S. university or government laboratory employee research assistant, are with the U.S. Intelligence Community Postdoctoral Research Fellowship Program through the Department of Energys Oak Ridge Institute for Science and Technology.

Back in 2018, the Department of Energys Oak Ridge Institute for Science and Technology conducted research that found that the creation of new bitcoin, along with smaller cryptocurrencies ethereum, litecoin and monero, used more energy than mineral mining to produce the same market value.

The Department of Energys Oak Ridge Institute for Science and Technology did not respond to a request for comment.

"There are many advantages for U.S. national security to have the U.S. dollar as the world reserve currency," the job post, which has a deadline of the February 28, read, pointing to the combat of financial crimes, the prevention of terrorism and the development of weapons of mass destruction, the ability of the U.S. to sanction other countries, cause financial instability in global markets.

"The U.S. maintains international dominance in no small part due to its financial power and authorities."

Meanwhile, calls for the U.S. to begin development of a so-called digital dollar have been growing louder over recent months.

Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission, recently set up the Digital Dollar Foundation to work on the design and potential framework of a digital dollar.

The bitcoin price,which has failed to return to its all-time highs set in late 2017 despite it climbing around 50% since the beginning of the year, was given a substantial boost in the first half of last year by Facebook's plans for a bitcoin-like rival.

The bitcoin price has soared in recent years, making bitcoin easily the last decade's best ... [+] investment.

Many have long expected governments to eventually try to undermine bitcoin's network to halt its adoptionthough bitcoin's decentralized nature makes it remarkably resilient.

"We can win a major battle [with governments] in the arms race and gain a new territory of freedom for several years," bitcoin's mysterious creator Satoshi Nakamoto wrote in 2008. "Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure [peer-to-peer] networks like Gnutella and Tor seem to be holding their own."

Bitcoin now stands with these networks in resistance to government control.

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The U.S. Is Very Worried About BitcoinAnd Its Finally Doing Something About It - Forbes