One of the most prominent developments in the space this year was China’s President, Xi Jinping, calling on the nation to “seize the opportunity” and take a “leading position” in the development of blockchain technology. Following the news was the short-lived Bitcoin rally, reports of Chinese news and its correlation with Bitcoin’s price, and FOMO-driven...Read More
The National Power Training Institute, under India’s Ministry of Power, is offering blockchain training in multiple cities throughout the country. Participants will learn about blockchain technology, its use cases, smart contracts, Ethereum, cryptocurrency, Bitcoin, and even mining. Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto National Training Institute’s...Read More
While the traditional financial industry is no stranger to wash trading, various studies in 2019 demonstrated the widespread prevalence of artificial inflation of trading volume in the crypto industry as well. As reports of alleged fake trading made headlines in 2019, exchanges have started addressing the issue of inflated volumes. Former Senior Market Analyst at...Read More
Bitcoin‘s Lightning Network is popularly considered a poor scalability solution by the general crypto community but its supporters are adamant that its privacy feature is fundamentally secure. The aforementioned sentiment was discussed in a recent research paper released by three Hungarian Researchers. The paper titled “A Crypto-economic Traffic Analysis of Bitcoin’s Lightning Network” raised concerns...Read More
France will soon be monitoring social media accounts to catch suspected tax evaders. The endeavor could label anyone as suspicious who so much as posts a “taxation is theft” meme or a poses with a nice car. The country’s budget minister, Gérald Darmanin, called the court-approved experiment ‘one more tool to fight fraud.’ Exemplified by...Read More
After a strong decline, bitcoin price found support near $7,000 against the US Dollar.The price is now trading near the $7,300 and $7,320 resistance levels.There is a major breakout pattern forming resistance near $7,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The price could dip a few points, but it is...Read More
Bitcoin (BTC) hasn’t done too hot over the past few months, plunging some 50% since the June top of $14,000. The selling has stopped over the past few weeks, with the price of the leading cryptocurrency flatlining in the low-$7,000s.Despite this, sentiment has been rather bearish, with a confluence of prominent technical analysts recently remarking...Read More
At the turn of the month, analysts were quick to check Bitcoin’s charts, checking if any of their indicators signaled that bears remained in control of the cryptocurrency market. Unfortunately for bulls, indicators did.Per previous reports from NewsBTC, November’s monthly candle close resulted in the Moving Average Convergence Divergence (MACD) — which is a “trend-following...Read More
Since Bitcoin (BTC) started to collapse in July following the multi-month rally from $3,100 to $14,000, investors have been wondering if the cryptocurrency remains in a bull market. According to a prominent on-chain analyst and cryptocurrency fund manager, yes, Bitcoin remains in the midst of a bull market.Related Reading: Prominent Gold Bull Thinks the Next Recession...Read More
As the year almost comes to a close, everyone wants to get their message in. Even Craig Wright is making headlines, although not in the manner he had hoped for. More specifically, it appears as if Craig Wright can’t prove he is Satoshi Nakamoto after all. A Problem for Craig Wright The private key associated...Read More
Looking back at 2019, altcoin XRP witnessed a major drop in its price throughout the year. Currently priced at $0.193, XRP is at its yearly low. Despite XRP’s price, the altcoin stands as the third-largest coin with a market cap of $8.39 billion. Additionally, Grayscale’s report also suggested that XRP had gained “momentum among both...Read More
Ever since Bitcoin’s meteoric rise to highs of $20,000 in late-2017 and subsequent drop, analysts and prominent figures within the industry have all been offering price targets for where they expect BTC to surge to over a fixed time period.Although some of these predictions have been lofty and unrealistic, one billionaire cryptocurrency investor is now...Read More
Another week, another round of Crypto Tidbits. The last week of December was quiet for the Bitcoin and broader digital asset market, with BTC gaining 2.6% over the past seven days, according to Coin360.com. Altcoins have posted similar slight gains, though assets like Bitcoin Cash, EOS, Litecoin, and VeChain have managed to outperform, seeing approximately 10%...Read More
Companies in China have been wary of cryptocurrencies. That situation won’t necessarily change following some new guidelines coming out of Beijing. It has been a while since some “China bans bitcoin” FUD made headlines. More Bitcoin Trading FUD From China For reasons unknown, such news tends to come around at least once a year. This...Read More
Reports emerged that hackers have demanded bitcoin as ransom from users of vulnerable cameras sold by Amazon and its subsidiary Ring. Bitcoin is constantly being used as a means of extracting payment, blackmailing people, and demanding ransom in exchange for data. Ransomware attacks are ones, where hackers infect users’ devices, encrypt their files, and then...Read More
Bitcoin‘s Lightning Network has received a lot of flak over the years, but a majority of its criticism is due to lack of clarity. Although the scaling solution recently received support from major exchange Bitfinex, the community remained skeptical about LN’s functionality and application. Recent research provided by a group of Hungarian researchers sheds more...Read More
Bitcoin’s price has been stuck within a firm and unwavering trading range within the lower-$7,000 region over the past week, with each attempt to rally being quickly rejected by aggressive selling pressure that has led BTC to remain stuck around its current price levels.One analyst is now noting that a key trend Bitcoin has been...Read More
Since November 20, Bitcoin has been consolidating between the $7000 and $7500 levels, with intermittent pumps to $7800 and dips under $6500. Despite relatively poor performance over the last month, there is still hope for BTC as December leads us into the new year. Source: CoinStats Bitcoin 1-day chart Source: BTCUSD on TradingView Bitcoin’s daily...Read More
Bitcoin is the best performing investment of the last decade, bringing investors who bought the asset early unimaginable returns.The post appeared first on NewsBTCRead More
Peter Schiff found another reason to take a shot at bitcoin. However, there’s no denying that it’s the best-performing 2019 asset. | Credit: Lucas Jackson / Reuters Peter Schiff found another reason to take a shot at bitcoin. Bitcoin supporters took the gold bug’s latest criticism with a pinch of humor. There’s no denying the...Read More
As the year comes close to an end, it is the time for retrospection and reflection: the same holds for XRP, which holds its position as the third-largest cryptocurrency. XRP has managed to retain its community despite its shaky track record when it comes to price performance. This article takes a look back at XRP...Read More
It appears that one of Bitcoin’s most popular proponents, Michael Novogratz, has lowered his predictions regarding BTC’s price by 2020. This time, he believes that it would close above $12,000 but doesn’t really give any further thoughts on the matter. Bitcoin Price Above $12,000 By 2020 Michael Novogratz is one of the most vocal proponents...Read More
It appears that Bitcoin’s medium-term outlook is rapidly starting to favor bulls, with reports upon reports coming in indicating that the technicals and fundamentals imply that a return to a bullish phase is on the horizon for BTC.Related Reading: What’s Next for the Bitcoin Blockchain? Top Developer Weighs InBitcoin Technical Indicators Continue to Flip GreenAccording to...Read More
Systems similar to banks have existed since time immemorial: From barter system to lending gold coins. Though banks were in financial fashion, Internet has paved the way for a revolution more efficient. The shortcomings of the banking system resulted in the exclusion of over 1.7 billion individuals from the financial ecosystem. While people sought an...Read More
Bitcoin (BTC) took off with its mainstream appeal since around mid-2017. Since that time, the market price of BTC has seen ups and downs, with at least a dozen dramatic days of appreciation or crashes. Altcoins at Risk of Being Wiped Out in Value Looking back, betting on BTC prices brought an upward daily move...Read More
While Bitcoin is an asset independent of central banks, of banks, and of Wall Street, the cryptocurrency’s strength and underlying value proposition have become increasingly dependent on events in the traditional financial world as this fledgling industry has grown.Related Reading: Bitcoin Fixes This: Top Bank Chief Says Monetary Policy is FailingOne such pro-Bitcoin event, or...Read More
Bitcoin (BTC) has had quite a quiet past few days, flatlining in the low-$7,000s in the wake of Christmas. Analysts say that despite this lull, the cryptocurrency is starting to show signs of wanting to break higher.Analyst Mexbt remarked that he thinks that the cryptocurrency will soon “test the weekly and monthly open,” meaning the...Read More
Over the holiday season, Bitcoin (BTC) has stalled in the low-$7,000s, finding itself stuck between a rock and a hard place. Although some say that this is indicative of an impending return to the $6,000s, then the $5,000s, a prominent cryptocurrency-centric fund manager has asserted that the leading cryptocurrency is poised to retake $9,000 within...Read More
If you’ve followed the Bitcoin and cryptocurrency space at all over the past few years, you likely know of the term “HODL,” A misspelling of the word “hold,” HODL is an industry joke used by cryptocurrency investors who believe that the price of BTC will appreciate with time, primarily due to adoption and the asset’s...Read More
Earlier this month, the one-week Bitcoin chart printed an extremely bullish sign: the golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. (As an aside, a golden cross is when a short-term moving average crosses over a long-term one to imply bulls have control.)Related Reading: Bitcoin Poised to Collapse...Read More
