WikiLeaks: Sweden to give new information on Assange rape probe – The Punch

The Swedish Prosecution Authority said Monday it will provide an update with new information this week on a probe into a 2010 rape allegation against WikiLeaks founder Julian Assange.

The investigation concerns events which took place in August 2010 after a Swedish woman met the Australian at a WikiLeaks conference in Stockholm.

Assange has always denied the allegation.

In a statement, the prosecution agency said it was planning a press conference on Tuesday at 1300 GMT when the prosecutor will give a briefing on the investigative measures taken and provide new information.

READ ALSO:Man remanded for killing own mother in Ebonyi

The 48-year-old has been held at a top-security British prison since April after police dragged him out of the Ecuadoran embassy in London, where he had been holed up since 2012 to avoid an extradition order to Sweden.

Assange was subsequently sentenced to 50 weeks in prison for breaching bail conditions when he took refuge in the embassy.

Following his arrest, Swedish authorities reopened their 2010 rape investigation, which had been closed in 2017 on the argument it was not possible to proceed with the probe as Assange could not be reached.

In September, prosecutors said they had interviewed seven witnesses over the summer and that Assange was suspected of rape.

Swedish deputy director of public prosecutions Eva-Marie Persson in charge of the investigation also said the material from the interviews was to be analysed further before she decided on how to proceed.

Assange is currently also the subject of a US extradition request to face charges relating to obtaining and disseminating classified information over the publishing of military documents and diplomatic cables through the WikiLeaks website.

Since his April arrest, questions regarding Assanges health have been raised, with him appearing frail and confused at court hearings.

Die in jail Earlier in November, John Shipton, Assanges father warned that his son may die in jail.

His comments followed a warning from the UNs Special Rapporteur on Torture, Nils Melzer, who said that the treatment of Assange was putting his life at-risk.

Swedish judge Nils Petter Ekdahl told AFP that the prosecutor has a duty to try and bring a suspect to justice if the evidence warrants it.

If you believe there is enough evidence for a conviction, even in an old case, the principal rule is to charge the person, Ekdahl said.

Ekdahl added that the prosecutor can under certain circumstances make exceptions to this rule. It could, for instance, be decided that even if a conviction is likely the sentence would probably be lenient owing to Assanges poor health and therefore decide not to pursue the case.

The statute of limitations in the case expires in August 2020.

(AFP)

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WikiLeaks: Sweden to give new information on Assange rape probe - The Punch

‘What happens after that is out of their control’ Former military leaders and lawyers react to Trump’s war crimes pardons – Task & Purpose

On Friday, President Donald Trump intervened in the cases of three U.S. service members accused of war crimes, granting pardons to two Army soldiers accused of murder in Afghanistan and restoring the rank of a Navy SEAL found guilty of wrongdoing in Iraq.

While the statements coming out of the Pentagon regarding Trump's actions have been understandably measured, comments from former military leaders and other knowledgable veterans help paint a picture as to why the president's Friday actions are so controversial.

The Army, Navy, and Pentagon all took similar approaches in their official responses to the commander-in-chief's orders: The President of the United States has the power to do this under the Constitution, and we will follow his orders.

The Army's statement which was not attributed to any senior official stated simply that the service would implement pardons of Maj. Matthew Golsteyn and 1st Lt. Clint Lorance.

"The Army has full confidence in our system of justice. The Uniform Code of Military Justice ensures good order and discipline for uniformed service members while holding accountable those who violate its provisions," the statement reads. "The foundation of military law is the Constitution, and the Constitution establishes the President's power to grand pardons."

Navy Rear Adm. Charlie Brown, the Navy's Chief of Information, tweeted that as Commander in Chief, "the President has the authority to restore Special Warfare Operator First Class [Eddie] Gallagher to the pay grade of E-7. We acknowledge his order and are implementing it."

Jonathan Hoffman, chief pentagon spokesperson, told CNN's Ryan Browne that the Department of Defense "has confidence in the military justice system. The President is part of the military justice system as the Commander-in-Chief & has the authority to weigh in on matters of this nature."

But a U.S. defense official also told CNN that there's concern among the department's leadership that Trump's pardons could undermine the military's justice system. CNN and the New York Times also reported that senior Pentagon leadership, including Defense Secretary Mark Esper, urged Trump not to intervene in the three cases.

Several former military leaders echoed the same concerns.

"As President Trump intervenes in war crimes cases on behalf of individuals accused or convicted of war crimes, he ... undermines decades of precedent in American military justice that has contributed to making our country's fighting forces the envy of the world," Gen. Charles Krulak, former commandant of the Marine Corps, said in a statement.

"Disregard for the law undermines our national security by reducing combat effectiveness, increasing the risks to our troops, hindering cooperation with allies, alienating populations whose support the United States needs in the struggle against terrorism, and providing a propaganda tool for extremists who wish to do us harm," he added.

Retired Navy Adm. James Stavridis offered a similar sentiment on Twitter:

While retired Gen. Martin Dempsey, former Chairman of the Joint Chiefs of Staff, was previously critical of the prospect of Trump's war crimes pardons back in May, he said in a Friday statement that he doesn't know if Trump's intervention truly sends a negative message to current U.S. troops.

"The President has the authority to pardon and provide clemency, but as far as I can tell he hasn't shared his rationale for this particular action," Dempsey said in a statement. "Our military leaders continue to train their men and women on the importance of legal and ethical conduct both in peace and in war. I'm confident those same leaders will hold soldiers, sailors, airmen, and marines accountable. What happens after that is out of their control."

When reached for additional comment by Task & Purpose, Dempsey added that the message Trump's pardons send to allies, partners and adversaries "is another question."

"Again, the President hasn't made it clear why he acted as he did. It can't be that combat is simply too hard for the common man," he added. "Our servicemen and women have demonstrated with very few exceptions that they can act with uncommon honor and valor."

While Dempsey was measured in his assessment, former military lawyers took a more dire view of the precedent set by the commander-in-chief's sudden pardons.

"It's just institutionally harmful," Rachel VanLandingham, a former Air Force JAG and professor of law at Southwestern Law School, told the New York Times. "This isn't about these three individuals, it's about the whole military justice system and whether that system itself is something of value to the operations of the military."

"Trump's pardons put our soldiers in harm's way," Glenn Kirschner, a former Army JAG and NBC/MSNBC legal analyst, wrote on Twitter. "Other countries will assume our soldiers are permitted by the president to commit war crimes w/impunity. It also disregards the victims & insults all law-abiding US troops.

"Mr. Trump's intervention on behalf of those convicted or accused of conduct falling short of the military's crucial legal requirements and moral expectations undermines the training in which the military rightly invests so much effort," Benjamin Haas, combat veteran and former Army intelligence officer, wrote in the New York Times. "It trivializes the values the military spends so much time fostering."

"I can honestly say I have not talked to a single military officer who would be in favor of pardoning any one of these three," Gary Solis, a combat veteran and former military attorney who now teaches the laws of war at the Georgetown University Law Center and the George Washington University Law School, told Military.com. "[Trump[ had a war crime and [Lorance] was convicted, his appeal was rejected and he was serving his time. And the president stepped in and set him free, in essence ratifying his actions."

"Now, those enlisted kids, those Marines, soldiers, SEALs who see a war crime committed are going to think twice about reporting it," Solis added. "You are always going to have somebody who says, 'You dimed on us and put a good friend of mine in the brig,' or something like that ... it's made it much more difficult for those who witness war crimes to report those war crimes."

Despite the appearance of overwhelming disapproval of Trump's Friday interventions, not everyone is upset with the move including Fox & Friends co-host and former reserve military officer Pete Hegseth, who forcefully advocated for Trump to intervene in the Gallagher case. Indeed, Hegseth told Fox News that Lorance's claim that he'd been thrown under the bus by senior Pentagon leaders for political reasons was a "widespread belief" within the enlisted ranks.

"I know this is a feeling that after the Obama administration decided to promote certain people in certain ways, there became no incentive for commanders to ruffle feathers," Hegseth said. "They were incentivized to play the game, the social justice and p.c. games. So you were not getting the military leaders who are willing to take risks for the guys who are doing the heavy lifting."

"President Trump has emboldened the people out there making the impossible calls at impossible moments," he added. "If you look at each of these cases, there's plenty of reasons to question the veracity of these prosecutors. These are not cases where people went into villages with the intention of killing innocent people. These are split-second decisions."

Rep. Duncan Hunter, the Marine Corps veteran and California congressman who also advocated for Gallagher's release, shared this sentiment in his own statement on Friday.

"For years, rampant prosecutorial misconduct, political correctness, and procedures that weight the scales of justice against the accused have personified our military justice system," he said. "Self-serving military bureaucrats have felt empowered in instituting policies that have been damning to our warriors on the front lines."

"Today, thanks to the leadership of President Trump, these Pentagon armchair lawyers are being put on notice,' he added. "The President recognizes that our combat warriors are to be supported in meeting the incredible responsibilities we place on them and I very much appreciate his advocacy for America's warfighters."

Retired Army Lt. Col. Allen West, the former Florida congressman who was himself relieved of command over the improper treatment of a detainee in Iraq, echoed Hegseth and Hunter's statements.

"The travesty of injustice for these men is over ... These men aren't guilty of war crimes, they simply did what combat leaders are supposed to do, engage and kill the enemy," said West. "If our Army could set Bowe Bergdahl and Bradley Manning free, who were guilty of desertion and treason, then no one should raise a contrarian voice in the matter of these pardons. Now, the military JAG officers responsible for withholding exculpatory evidence should be disciplined.

"Islamic jihadists terrorists are non-state, non-uniform belligerents on the battlefield. They seek to blend in with civilian populations and take cover in the midst of non-combatants," West added in a follow-up statement. "These are not 'enemy soldiers.' They are unlawful enemy combatants, and should not be accorded any Geneva Convention rights, certainly not constitutional rights"

According to a poll from the Clarion Project, a Washington, D.C.-based non-profit devoted to "exposing the dangers of Islamic extremism while providing a platform for the voices of moderation and promoting grassroots activism," some 77 percent of respondents believed U.S. service members should not be prosecuted for war crimes committed overseas.

Continued here:
'What happens after that is out of their control' Former military leaders and lawyers react to Trump's war crimes pardons - Task & Purpose

World News, Economics and Analysis Based on Bible Prophecy – theTrumpet.com

Last week, President Trump granted full pardons for Army First Lt. Clint Lorance and Army Maj. Mathew Golsteyn, whod been accused of war crimes. Lorance had served six years of a 19-year sentence, and Golsteyn was facing trial for killing an alleged Taliban bombmaker. Navy SEAL Edward R. Gallagher, who was found not guilty of war crimes, but still had his rank reduced, was granted clemency and restoration of rank.

Lawmakers had been pushing for pardons for Lorance and Golsteyn because theyd taken actions to defend themselves on the battlefield and were charged with war crimes for it. Yet, when President Trump pardoned them, it immediately sparked controversy and outrage. Pete Buttigieg joined in the outrage chorus, claiming Trump dishonored our armed services.

For Trump to give various members of our military a second chance is infinitely less outrageous than acts of clemency made by his predecessor.

Barack Obama commuted the sentence of Bradley Manning (you may also know him as Chelsea), who leaked hundreds of thousands of sensitive documents to WikiLeaks. A traitor in every sense, in 2013 Manning was convicted and sentenced to 35 years in prison. But, Bradley Manning became a hero of the political left for declaring himself to be transgender, and Obama made his controversial commutation days before leaving office.

Obama also commuted the sentence of convicted terrorist Oscar Lopez Rivera. Lopez Rivera was a leader of the Fuerzas Armadas de Liberacin Nacional Puertorriquea (FALN), a Puerto Rican terrorist group responsible for 130 attacks in the United States, and at least six deaths. An unrepentant Lopez-Rivera was serving a 70-year sentence when Obama set him free.

Obama also granted clemency to hundreds of drug offenders he claimed were non-violent offenders who deserved a second chance, because of racism or something.

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World News, Economics and Analysis Based on Bible Prophecy - theTrumpet.com

Bitcoin Price Faces Deeper Dive as Bear Cross Confirmed – Coindesk

  1. Bitcoin Price Faces Deeper Dive as Bear Cross Confirmed  Coindesk
  2. Latest Bitcoin price and analysis (BTC to USD)  Yahoo Finance
  3. Bitcoin price plunges 5 percent to $8,100 within hours  Decrypt
  4. Key Indicator Signals That Bitcoin is Bottoming as Bulls Defend Key Support Level  newsBTC
  5. Capitulating Miners Before the Halving Is Bullish for Bitcoin  CCN.com
  6. View full coverage on Google News

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Bitcoin Price Faces Deeper Dive as Bear Cross Confirmed - Coindesk

Bitcoin Could Be About To Make A Significant Move – Forbes

Bitcoin and cryptocurrency investors have been closely watching the market over the last few weeks, with November and December a historically key time for major market moves.

Last November, the bitcoin price halved from around $6,000 per bitcoin to just $3,000, while the year before November kicked off bitcoin's epic bull run to almost $20,000.

The bitcoin price has historically moved sharply towards the end of the year but there's no ... [+] guarantee 2019 will be the same.

Looking further back, November 2013 saw the bitcoin price suddenly climb from around $200 per bitcoin to over $1,000 by the middle of December.

Bitcoin traders have noticed the pattern, though have struggled to explain why the price seems inclined to move suddenly in the final couple of months of the year.

"A year ago, today was the day bitcoin started its drop from $6,000 to $3,000," one prominent bitcoin and crypto trader wrote on Twitter yesterday. "Two years ago, today was the day bitcoin started its parabolic rise from $6,700 to $20,000."

Others cautioned against making bets the market will move again this year, with bitcoin and crypto market analyst, previously of brokerage eToro, Mati Greenspan warning, "both [the 2017 and 2018 bitcoin spike and slump] were irrational and unexplainable moves that were eventually reversed by the market."

The bitcoin and cryptocurrency market has been sliding so far this November, with the bitcoin price down some 6% since the start of the month.

In October, after weeks of stagnation, the bitcoin price suddenly dropped only bounce higher again a couple of days later, leaving many bitcoin and crypto analysts scratching their heads over the exact cause of the extreme market volatility.

The bitcoin price has continued to swing wildly despite hopes the market would have calmed and ... [+] matured.

Meanwhile, technical data suggests bitcoin could be heading into rough waters, with a closely-watched chart shrinking to its narrowest since June.

The tightening of the trading range between bitcoins 50- and 200-day moving averages could trigger a sell signal, it was first reported by Bloomberg, a financial newswirewith one analyst seeing echos of last November's sell-off.

"The best way to describe the market is its retracing last years bear market," said Bloomberg Intelligence analyst Mike McGlone.

"Its in no hurry to take out the old highstheres a hangover of residual selling from the parabolic rally in 2017. Theres just a lot of people who bought it, got way too overextended, who will be responsive sellers."

Continued here:

Bitcoin Could Be About To Make A Significant Move - Forbes

Top Economist Says That the Way to Kill Bitcoin Is to Keep Price Under $1,000 – CCN.com

Alex Kruger, an economist and trader, took to Twitter to share his thoughts on how anyone can eliminate bitcoin for good. While tech specialists might invest a ton of cash to control 51% of the network, Mr. Kruger says that one does not need to go through that process. The economist claims that any government can kill bitcoin by keeping the price below $1,000.

Mr. Kruger is right on the money. If a government can suppress the price of the dominant cryptocurrency, people will eventually lose interest. That could spell the end of an asset that relies heavily on retail investor interest to keep its head above water. Over time, price suppression will suck the passion out of the most die-hard bitcoin supporters.

In July, a CoinShares research report noted that bitcoins rally from the $3,000 levels to $13,880 this year is different from the 2017 bull run. One defining quality of this years ascent is that the rally was likely driven by institutional money.

The entry of big players is certainly an encouraging development. However, retail investors still dominate bitcoins market share. CryptoFundResearch revealed that there are approximately 804 cryptocurrency funds. These funds account for $18.16 billion of the cryptocurrencys market capitalization.

At press time, the total market cap of all cryptocurrencies stand at over $222 billion. Bitcoin represents $146.9 billion of that total. Therefore, even if the portfolio of institutions is comprised of bitcoin, $18.16 billion accounts for only 12.4% of the cryptocurrencys market cap. If you consider that institutions are also buying altcoins such as Ethereum, it is possible that the institutional share is around 6%.

Therefore, retail investors are still keeping bitcoin buoyed. Unfortunately, retail HODLers are vulnerable to price manipulation. If a government eliminates hope from the equation, retailers are very likely to capitulate.

Many crypto enthusiasts are aware that the price of bitcoin is correlated with Google searches for terms related to the asset. Whats astounding, however, is the level of correlation between the two variables. A new study revealed that bitcoin price is correlated by a whopping 80.8% to bitcoin-related searches.

The correlation is a strong indication that retail traders are highly susceptible to price swings. Should a government suppress the price of bitcoin, interest for the cryptocurrency would likely drop. A drop in interest would probably result in lower prices, making it easier for the government to keep the downward spiral going.

The key for the government to successfully kill bitcoin is time. Alex Kruger talked to CCN about the issue and said,

Price would need to be depressed for a long time though. Time [is] more important than price.

Thats true because even if an entity shakes out almost all retail traders, the hardcore bitcoiners and the HODLers will likely dig in. They will probably fight until the bitter end but their numbers would dwindle over time. Eventually, the number of bitcoin HODLers will reach a point that their existence would not matter.

Fortunately, it seems that governments are more interested in regulating bitcoin than destroying it.

Disclaimer: The above should not be considered trading advice from CCN. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

This article was edited by Sam Bourgi.

Last modified: November 19, 2019 17:06 UTC

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Top Economist Says That the Way to Kill Bitcoin Is to Keep Price Under $1,000 - CCN.com

Family Offices Finally Accept the Benefits of Investing in Bitcoin – Cointelegraph

There is a lot of chatter going on about the uncertainties of cryptocurrency and how an attempt to tame the raging seas of the crypto market could spell doom for investors. As expected, in the middle of this conversation is Bitcoin (BTC), whose popularity continues to grow in the investment world.

Although Bitcoins volatility is well-documented, this has not stopped investors from adopting cryptocurrencies as a way of effecting a diversified investment strategy. Interestingly, the volatility narrative is somewhat losing its potency as Bitcoin slowly establishes stability.

Hence, I will use this piece to analyze the growing affinity for digital assets and how Bitcoin is fast becoming a viable investment asset class for institutional investors and family offices.

The origin of Bitcoin might have caused many to doubt its efficacy. In a world grounded in a centralized culture, it is understandable that people would initially fight off an anomaly that could uproot the foundations of their belief system. At one point, people did not dare to imagine a world without a stratified institution made up of banks and governments that govern the dissemination of money and information. Now that decentralization is finding its way to even the most traditional industries, it is clear that crypto is here to stay.

Nonetheless, there remains an ounce of doubt surrounding the viability of Bitcoin as an asset class. Some believe that Bitcoin emerged out of nothing. Therefore, it is impossible that the digital asset would retain its value. However, from my recent analysis of the history of money and the various theorems that established the origin of money, it is evident that Bitcoin fulfills the core requirements that other forms of money have passed.

Interestingly, one could argue that the United States dollar, gold and other precious metals have no intrinsic worth market sentiments brought about their valuation.

Institutional investors are aware of the risks that come with allocating a large percentage of their funds to a particular asset or market indices. For one, the downturn of such a market or asset would have a crippling effect on their returns. The same is true for investors that allocate the majority of their portfolio to asset classes that have strong correlations to one another. Hence, adopting a strategy that allows the allocation of funds to different asset classes, with little or no correlation, is the appropriate solution. This is where Bitcoin excels.

VanEckpublished a study that highlighted some of the factors that aided Bitcoins ascendancy as a viable investment product. One of these factors is the digital assets correlation to major market indices. In the study, VanEck noted that Bitcoins apparent disparity from established and emerging markets makes it a suitable portfolio diversification option.

This argument holds after considering the correlation of Bitcoin to other markets from January 2012 to July 2019. While other markets had moderate correlations to one or two traditional asset classes, Bitcoin maintained a very weak correlation to all of the asset classes examined. In other words, Bitcoin could fit nicely into an investment portfolio and boost returns.

VanEcks study went further to prove Bitcoins eligibility as an investment option. This investigation entailed the assessment of the asymmetric return of portfolios allocated to varying percentages of equities, bonds and Bitcoin from January 2012 to July 2019. A portfolio with 58.5% of the fund distributed to equities, 38.5% to bonds and 0.5% to Bitcoin generated returns that surpassed that of a portfolio allocated solely to the S&P 500 by over 150% as of July 2019.

From the basic principle of supply and demand, a commodity tends to retain or increase its value when its supply does not match its demand. In other words, maintaining or increasing the demand for an asset while reducing its supply would eventually cause the price of such an asset to skyrocket. This phenomenon has played out throughout the history of Bitcoin. Bitcoins protocol automaticallyhalves its supply roughly every four years. It is also important to note that it is only possible to create new coins, or mine, a maximum of 21 million BTC, and a total of 18 million BTC has already been mined.

What all these facts and figures mean is that there is a possibility that the price of Bitcoin will continue to soar. And this might have spurred enthusiasts to predict ridiculous price possibilities. One popular crypto supporter in particularasserted that the next halving, scheduled for May 2020, could cause one Bitcoin to sell for $1 million.

Though this prediction sounds over the top, price history shows that the price of Bitcoin has always experienced a surge whenever the reward for finding new blocks undergoes a 50% cut. The last time this happened was in 2016, which led to the unprecedented bull run of 2017. Before this, a Bitcoin was selling for $657. Just over a year later, the price climbed to around $20,000 per coin. Without any doubt, the halving slated for the coming year will affect the price of Bitcoin. Although it is still unclear how much of an impact to expect, I bet that a majority of institutional investors will be closely watching the unfolding drama.

Developers are beginning to understand that sustained adoption will never come to fruition until they resolve the issues battling the efficacy of blockchains scalability and security. Hence, the development recorded in this space is nothing short of remarkable. For one, theLightning Network, designed as a sidechain to the Bitcoins blockchain, could improve scalability and reduce the cost and time for transacting. This, and more, are some of the reasons why the prospect of Bitcoins adoption is looking good.

For what its worth, the advantages of allocating a fraction of ones investment portfolio to Bitcoin trump the disadvantages.

The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Constantin Kogan is a venture partner at BitBull Capital, a board member of ABOTMI and has been a cryptocurrency investor since 2012. He has over 10 years of experience in corporate leadership, technology and finance. He contributes to the digital asset space as well as the sharing and value economies.

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Family Offices Finally Accept the Benefits of Investing in Bitcoin - Cointelegraph

Spotlight on Bitcoin as HSBC Shuts Hong Kong Protest-Linked Account – Cointelegraph

The need for censorship-resistant currencies like Bitcoin (BTC) has been thrown, yet again, into stark relief as HSBC shutters an account reportedly used to fund Hong Kong protestors.

As the Hong Kong Economic Journal reported on Nov. 18, the British multinational bank recently closed a corporate account that was reportedly being used to transfer crowdsourced funds to support protestors activities.

Five months into the Hong Kong protests now reaching an increasingly violent fever pitch the bank presented its decision as a formal procedure, stating that it found the account was purportedly being used inconsistently with the purpose originally stated in its paperwork.

In accordance with a 30-day notice rule, the account which remains unnamed was informed last month that its functionality would cease this week.

In correspondence with Bloomberg, Vinh Tran, a spokeswoman for the bank in Hong Kong, wrote that:

As part of our responsibility to know our customers and safeguard the financial industry, we regularly review our customers accounts. If we spot activity differing from the stated purpose of the account, or missing information, we will proactively review all activity, which can also result in account closure.

London-headquartered HSBC has upheld its strong presence in the city due to alleged pressure to maintain its standing with residents there, Bloomberg writes.

The company derived over 35% of its adjusted revenue from Hong Kong in the first nine months of 2019 and reportedly stated this October that its business in the city remained robust, notwithstanding the political turbulence.

As reported in October days after redoubled protests by Hong Kong residents in the wake of the 70th anniversary of the Peoples Republic of China Morgan Creek Digital co-founder Anthony Pompliano noted that the non-seizability of Bitcoin becomes ever more attractive in moments of geopolitical crisis: faced with a crackdown on civil liberties via emergency powers, anxious residents reportedly flocked to the citys ATMs.

Intermediary cryptocurrency payments processors have also sparked ire for their apparent susceptibility to political pressures, as the recent controversy over BitPay demonstrated, following claims it blocked donations to the Hong Kong Free Press for several weeks.

Yesterday, the former chief financial officer of PayPal revealed that Bank of America (BoA) had chosen to close his account, without a stated reason.

See the article here:

Spotlight on Bitcoin as HSBC Shuts Hong Kong Protest-Linked Account - Cointelegraph

Ripple (XRP) Price Trend Overwhelmingly Negative, Bitcoin Diving – newsBTC

Ripple price is trading in a crucial downtrend against the US Dollar, while bitcoin is approaching $8K. XRP price is likely to struggle near the $0.2560 and $0.2600 resistances.

After forming an intermediate top near the $0.2660 level, ripple declined heavily against the US Dollar. XRP/USD broke many key supports near $0.2560 to move further into a bearish zone.

Moreover, there was a close below the $0.2560 level and the 100 hourly simple moving average. It opened the doors for more losses and the price declined heavily below the $0.2500 level.

The recent decline gained pace below the $0.2450 level and ripple tested the $0.2400 support area (as discussed in yesterdays analysis). A new monthly low was formed near $0.2399 and the price is currently correcting higher.

It is testing the 50% Fib retracement level of the recent decline from the $0.2659 high to $0.2399 low. On the upside, there are many resistances near the $0.2540 and $0.2560 levels.

Besides, there is a new connecting bearish trend line forming with resistance near $0.2530 on the hourly chart of the XRP/USD pair. Above the trend line, ripple price is likely to struggle near the $0.2580 level and the 100 hourly simple moving average.

More importantly, the 76.4% Fib retracement level of the recent decline from the $0.2659 high to $0.2399 low is likely to act as a strong resistance. Finally, yesterdays highlighted bearish trend line is intact with resistance near $0.2620 on the same chart.

On the downside, an immediate support is near the $0.2480 level. If the price starts a fresh decline below $0.2480, it is likely to test the $0.2420 and $0.2400 levels. Any further downsides depend whether bitcoin breaks the $8,000 support and continue lower.

Ripple Price

Looking at the chart, ripple price is clearly gaining bearish momentum below $0.2560. In the short term, there could be an upside correction, but the overall trend remains bearish as long as the price is trading below the $0.2700 level.

Hourly MACD The MACD for XRP/USD is slowly reducing its bearish slope.

Hourly RSI (Relative Strength Index) The RSI for XRP/USD is now well below the 40 level, with a bearish angle.

Major Support Levels $0.2480, $0.2420 and $0.2400.

Major Resistance Levels $0.2560, $0.2580 and $0.2620.

The rest is here:

Ripple (XRP) Price Trend Overwhelmingly Negative, Bitcoin Diving - newsBTC

Analysts: Bitcoin to Target Lower-$8,000 Region Before Next Rally Kicks Off – newsBTC

Bitcoin has once again dropped down to its near-term support level after a brief attempt from BTCs bulls to push to crypto back above its previously established support level at $8,700, which appears to have flipped into a resistance level in the time since it broke below this level.

Analysts are now noting that Bitcoin may soon set fresh multi-day lows before gaining enough buying pressure to surge higher.

At the time of writing, Bitcoin is trading down roughly 1% at its current price of $8,540, which marks a retrace from its daily highs of nearly $8,700 that were set yesterday.

Yesterdays brief upwards movement proved to be fleeting in spite of the apparent strength that bulls had been building, and their inability to push the cryptocurrency higher may point to an underlying weakness that could lead the cryptos bears to take firm control of its near-term price action.

This recent price action also confirms that $8,700 is a strong level of resistance for the cryptocurrency, which may continue holding strong in the near-term.

Livercoin, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that the move to this resistance level swept all the upside liquidity, which likely means that further short-term downside is imminent for Bitcoin.

Taking a quick short on $BTC. Price swept all the upside liquidity and left multiple deep swing lows beneath while doing so. I am anticipating a pullback into the weekly open / 15M block which is right below the range high. My targets are the two deep swing lows, he said while pointing to the levels in the lower-$8,000 region seen within the chart below.

Mayne, another popular crypto analyst on Twitter, offered a similar sentiment to Livercoin, explaining that he believes Bitcoin will dip as low as $8,150 in the near-term before it hits a support region that allows it to post further gains.

$BTC: Slowly making our way to the grey block Ive been watching for a few weeks. I started longing early because there is no guarantee we hit the level exactly, could get front-run, etc, I like to layer in on swing positions. 2 bids left, $8300 and $8150, he explained.

How Bitcoin reacts to these near-term support regions in the coming hours will offer significant insight into where the crypto is heading next.

Read more from the original source:

Analysts: Bitcoin to Target Lower-$8,000 Region Before Next Rally Kicks Off - newsBTC