Bitcoin resumes downtrend, UK to scrutinize use of Bitcoin

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Theresa May’s administration is going to delve into the use of cryptocurrencies as they could be used by criminals  
Bitcoin (BITCOIN on xStation5) resumes its downtrend after rebounding from a key resistance line
50 Cent, the US rapper, recalls he has Bitcoins worth up to $8 million
Australian airport to begin accepting Bitcoin and other virtual currencies
 
Bitcoin has begun the last session this week with a decline after rebounding from a crucial resistance line which has served as an obstacle for bulls of late. Nevertheless sellers might face their first hurdle in form of a short-term support line but if it’s finally broken it could pave the way for much deeper falls at least toward $9125.


As far as the latest reports related to cryptocurrencies are concerned one needs to mention a speech from UK PM Theresa May who said at the World Economic Forum in Davos yesterday that her administration will look into the use of digital currencies such as Bitcoin as they could be abused by criminals. Speaking to Bloomberg she did not reveal any specific policies on how the government might look into cryptocurrency trading or usage nor promise any action against them though.


A Bitcoin’s technical landscape does not look so encouragingly for buyers as the price rejected a possible breakout above a resistance line another time in a row. Needless to say that if the price breaks out of a triangle pattern it could commence a larger move. Source: xStation5
50 Cent has Bitcoin worth up to $8 million after selling his album 4 years ago
One of the most famous rapper in the world 50 Cent has discovered that he owns Bitcoins worth between $7 and $8 millions which come from selling of the Animal Ambition album in 2014. Notice that 50 Cent became then the first artist accepting Bitcoin as payment and agreed to receive more than 700 coins, however he... forgot about them. When he got digital coins Bitcoin was trading at around $662 but today it’s trading close to $11,000.


Brisbane-based airport will soon be accepting digital currencies


The Brisbane-based airport is the third busiest one in Australia hence a decision to introduce cryptocurrency payments seems to be unprecedented. Let’s also add that in its official statement the airport revealed a partnership with Queensland-based Bitcoin payments start-up TravelbyBit to implement the firm’s point-of-sale payments system across retail stores at the airport’s two terminals. The airport singled out several benefits stemming from the introduction of digital currency payments such as low transaction fees, near-instant transfer times or a lack of third-party oversight with peer-to-peer payments. Apart from Bitcoin the airport will be accepting digital currencies like Dash or Ethereum.