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IP conferences are all about networking. But who are the right firms and people to get in touch with? Patent-Pilot can help you to prepare for IP industry meetings, so you can make sure to make the most out of it. Meet us at AIPLA Spring in Philadelphia (May 14-16) and the INTA Annual Meeting in Boston (May 18-22).

Our software allows you to investigate the players in the patent industry with easy-to-use search functions and stream-lined dashboards – you are able to rapidly see tons of information about patent law firms, their clients, their partners, and their competitors.

Analyze the flow of work from the applicant to outside counsel to foreign counsel. Learn who the likely decision maker is – the law firm or the client. Understand client priorities and find new opportunities for them.

Source: https://www.patent-pilot.com/en/2019/05/03/meet-us-at-aipla-spring-and-inta/

Blockchain

Pakistan: Arrests made in Bitcoin extortion case

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The world of finance has never been able to protect itself from the fraudulent activities going around in the world. The cryptocurrency market, which itself is a growing space has also had its fair share of such fraudulent activity being associated with it. However, unlike traditional finance, regulators have been enforced stringent measures when it comes to tackling such offenses.

A recent case has been reported in Pakistan, where the police have arrested several people part of the country’s first extortion case via crypto. According to reports, the police arrested the owner of an outhouse where the complainants, two foreign nationals, were held hostage along with two other suspects.

One of the suspects was identified as Rana Irfan Mahmood and a case has been registered against him and an unidentified accomplice. The hostages were Swiss national Maria Spari and German citizen Stephen [last name remains unknown] who were kidnapped by three men in police uniform along with another person.

After threatening the hostages with a fake drug smuggling case, the victims paid 6,300 euros in cash and made an online transfer of 1.8 Bitcoin which was close to $9k. The suspects made a fake video demanding an additional Rs 300 million [$1.91 million].

According to SSP Investigation Abdul Ghaffar Qaisrani, the police have managed to recover the amount paid to the facilitator apart from the Bitcoin. The crypto has already been transferred to another account and the team was taking assistance from the intelligence agencies to recover it.

Although the regulators in Pakistan have been taking note of Bitcoin and crypto, illicit activities have been a growing concern in the region. In November 2020, the Central bank clarified that it was not banning crypto, contrary to the prevailing fear within many in the crypto-community.

In fact, Pakistan’s Securities and Exchange Commission [SEC] published a paper on the regulation of cryptocurrency trading platforms. This paper outlined the regulatory approach to crypto and included recommendations given by the Financial Action Task Force [FATF], as well as regulations presented by Malaysia, Hong Kong, and the U.S.

However, the police in the country have warned users and the government about the rising cases of ransom and extortion related to crypto. Bitcoin has been at the center of these cases and such fraud activities will only instill fear with the lack of regulation among crypto users in the region.


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Source: https://ambcrypto.com/pakistan-arrests-made-in-bitcoin-extortion-case

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Is this the right time for institutions to accumulate more Bitcoin?

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Bitcoin is trading at around $49k at the time of writing and with a nearly 2% drop in its price in the past 24 hours, the asset continues to remain rangebound. Given the increased inflow of Bitcoin and stablecoins to exchanges, the rangebound price action may set the foundation for further investment inflow into the asset. The outflow of Bitcoin across exchanges has continued dropping, after an initial spike in the outflow from Coinbase, which can be considered to be a sign of institutional buying.

BTC Exchange Netflow || Source: CryptoQuant

Bitcoin’s exchange outflow has continued dropping based on the above chart from CryptoQuant. Since outflow from exchanges is dropping, the narrative of scarcity that was driving price up has slowed down and may lead to rangebound price action, just as it did in February and during December 2020. On-chain metrics suggest that the sentiment is bearish, however, the price is holding up well above $45000, and that may partially be because institutions have bought above this price range and they support buying.

Danny Scott, CEO of CoinCorner tweeted on Bitcoin’s downtrend and large price swings, on Twitter.

The inflow to exchanges has dropped as well, however, the drop in outflow is more significant. However this is ideal for an increased institutional inflow since the last time there was a significant Bitcoin outflow from Coinbase, there was a likelihood of buying from institutions. Since Coinbase has a majority of institutional clients increased outflow was a clear indication of institutional buying.

Despite institutional buying and the GBTC premium, the price action is rangebound at the time of writing and may drive the price upwards. Institutional buyers like Microstrategy and Grayscale may accumulate more Bitcoin and have an impact on the metrics, however, it is unlikely in the short-term.

Institutional inflow may boost retail demand, and sentiment on spot exchanges, based on derivative exchange metrics like open interest and trade volume. In the long run, however, most institutional inflows have come in at times when the price remained largely rangebound and was awaiting a break out. The volatility is around 15.6% based on Woobull’s charts and this signals that there may be further investment inflow in Bitcoin in the following weeks.


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Source: https://ambcrypto.com/is-this-the-right-time-for-institutions-to-accumulate-more-bitcoin

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Litecoin Price Analysis: 07 March

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The cryptocurrency market has been recovering from the sudden selling pressure it witnessed a few days back. Litecoin [LTC] has been trying to find a stable price level in the market currently, however, there have been recurring sell-offs pushing the coin even lower.

At the time of writing, the digital asset was trading at $182.68 with a market capitalization of $12.16 billion.

LTC one-hour chart

Source: LTCUSD on TradingView

The above chart of Ltiecoin highlighted the rise and fall of the price. Although a small surge carried the value higher, selling pressure has now replaced it. The price has been testing the support at $182.13.

If the price fails to hold onto this support, we may be seeing another sell-off in the LTC market.

Reasoning 

The Bollinger Bands have been diverging which was a sign of increasing volatility in the market. As the volatility in the market increases, there is a possibility for a trend change. However, the signal line along with the 50 moving average has remained under the candlesticks noting that a certain level of bullishness still exists.

However, the momentum was on a decrease as the selling pressure continued. The momentum has shifted towards the sellers’ side and may fall into the negative zone if the price breaches the support.

Meanwhile, the relative strength index has also moved away from the equilibrium zone. However, despite a selling pressure, the buyers were trying to level the market as the RSI was heading closer to the overbought zone.

Crucial levels

Entry-level: $181.89
Stop-level: $184.50
Take profit: $179.14
Risk to Reward: 1.06

Conclusion

The current trends in the Litecoin market were more bearish than bullish. As the coin tests support, there is a potential fall that looms at large. It may drop to $176 in the short term, however, the price may see a further retrace from this point if a bullish trend reversal fails to materialize.


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Source: https://ambcrypto.com/litecoin-price-analysis-07-march

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