Bitcoin price failed to extend gains above $7,700 and declined more than $400 against the US Dollar.The price is now trading below $7,400 and it declined close to the $7,260 support area.Earlier, there was a break below a contacting triangle with support near $7,500 on the hourly chart of the BTC/USD pair (data feed from...Read More
Bitcoin (BTC) has been caught in a firm uptrend over the past several days, which has primarily been the result of the massive upwards momentum that was sparked when it tapped lows of $6,400 earlier last week.This momentum led BTC as high as $7,700 today before it was met with significant resistance that led its...Read More
After months of brutal downtrend, it seems that bulls are returning to the Bitcoin (BTC) market. Since the leading cryptocurrency hit $6,400 earlier this month, bulls have taken control of the asset, pushing it from those multi-month lows to as high as $7,700 just this morning prior to a 4% drop.Related Reading: CME Futures Data: Institutions...Read More
Given bitcoin’s volatile price swings, one would expect there to be more interest in this currency. If the recent LocalBitcoins volume is an official indicator, that seems to be anything but the case. Many “experts’ often point out how a large amount of bitcoin trading doesn’t happen on centralized exchanges. LocalBitcoins Falls out of Favor...Read More
Ever since Bitcoin plummeted to lows of $6,400 last week, BTC and the aggregated crypto markets have been caught within a firm upwards tailwind that has led many investors to believe that the market’s recent lows will ultimately mark a long-term bottom.One key technical indicator that has historically predicted both the beginnings and ends of...Read More
At long last, Bitcoin (BTC) has started to show signs of life. Over the past 48 hours, the cryptocurrency has pressed higher, moving past the tight range in the $7,100s it was stuck in for days.Related Reading: CME Futures Data: Institutions Still Wary Despite Bitcoin’s Bullish SignsBy Monday morning, the cryptocurrency was trading as high as...Read More
According to Vision Hill Group, a trend notably observed throughout 2019 has been the major shift of crypto-asset from a currency sentiment, towards utilization of tokens for financial applications and utility. Bitcoin‘s portrayal as a store-of-value has been one of the most popular narratives in 2019 as other assets such as Ether carved a different utility...Read More
Bitcoin hash rate has been performing exceptionally this year. Miners around the world clearly see a bright future for the leading crypto asset.The same cannot be said for other big projects in the industry. Whereas Bitcoin just hit a new all-time high hash rate, the likes of Ethereum, Bitcoin Cash and SV, and Litecoin have...Read More
History often repeats, and financial markets like Bitcoin and crypto regularly cycle. But past performance doesn’t always guarantee future results.The post appeared first on NewsBTCRead More
The launch of Bakkt, launch of Galaxy Digital’s brand new BTC funds, Fidelity‘s bitcoin product and TD Ameritrade’s bitcoin trading service on the Nasdaq via its brokerage platform marked some of the marquee events over the past 12 months, but according to Vision Hill’s recent report, constructive participation is yet to enter the space. Capital...Read More
Bitcoin continues to build on recent trading gains, with the number one cryptocurrency trading at its highest level since Dec. 9. The top 10 cryptocurrencies are also trading in positive territory as they continued to benefit from the ongoing recovery in digital assets. VeChain continued to recover recent losses, following the recent hacking scandal surrounding...Read More
Bitcoin core developer John Newbery took to Twitter this week to discuss the strides that Bitcoin has taken this year, and dive into how the lightning network will grow the cryptocurrency, its usability, and adoption moving into 2020.The post appeared first on NewsBTCRead More
Bitcoin billionaire Tim Draper takes a hard stance on India’s new controversial citizenship law. | Image: REUTERS/ Stephen Lam Tim Draper has suggested he will not tolerate religious discrimination. The Draper Venture Network is currently invested in India. The venture capitalist earlier this year criticized a proposed cryptocurrency ban in the world’s biggest democracy. Bitcoin...Read More
2019 was the year of Bitcoin, which stole the spotlight from the rest of the crypto industry, including altcoins like Ethereum, Ripple, and Litecoin.The post appeared first on NewsBTCRead More
It is a well-known fact that US politicians don’t like bitcoin very much. Particularly the Federal Reserve governor still sees plenty of problems, primarily due it facilitating illicit activities. In a recent meeting, the bitcoin debate was reopened once again. The Fed Still Hates Bitcoin As regulators prepare to take a closer look at cryptocurrencies,...Read More
While 2020 is just around the corner, everyone from the cryptocurrency industry has been speculating Bitcoin’s price movement for the next year. Former Wall Street trader and a prominent influencer in the industry, Tone Vays joined the bandwagon and went on to reveal what 2020 has in store for Bitcoin. Over the past few months,...Read More
U.S. Treasury Secretary Steven Mnuchin remarked last week that a reported $1.5 trillion in missing cash — mostly one hundred dollar bills — was “sitting in bank vaults all over the world.” The famously anti-bitcoin U.S. official noted that “there’s a lot of ‘Benjamins’ all over the world” and emphasized the strength of the currency...Read More
Bitcoin price is finally exhibiting price action that suggests it could be building a base in which a final local bottom could set.The post appeared first on NewsBTCRead More
A question that has been debated since the Dot.com bubble is the emergence of the online marketplace. One of the most publicized flameouts of the internet bubble was Pets.com, an online pet store. Soon after its IPO in 2000, that raised $82 million, the company ran out of money and joined the list of some...Read More
“Privacy is not something that I’m merely entitled to, it’s an absolute prerequisite” ~ Marlon Brando Privacy in itself is a spectrum; the meaning differs from one person to another. There are people who are absolutely fine with being completely surveilled on, there are people who are okay with partial surveillance, and there are also...Read More
Bitcoin on Monday was trading above $7,500 as sellers showed signs of exhaustion near a crucial support area.The cryptocurrency could swell further to test $8,000-8,500 area, according to textbook technical indicators.A gap on the CME’s daily Bitcoin Futures chart hints a revisit to $7,200.Bitcoin opened this week at records as buying interests among traders renewed...Read More
Funds from the recent theft from the Upbit exchange are on the move, according to a Whale Alert tweet. A transaction of 2,000 Ethereum shows that the hacker keeps trying to obfuscate the whereabouts of the funds. Ethereum Taken from Upbit Moved to Multiple Smaller Wallets The Upbit hack at the end of November took...Read More
In the latest update, Bakkt has just appointed Mike Blandina as the CEO of Bakkt, the crypto venture, majorly backed by ICE. Adam White will now serve as the President of the company. This news was revealed following the departure of founding CEO Kelly Loeffler, who was appointed to the United States Senate to fill...Read More
A bitcoin trader who promised massive returns by investing in his BitMEX fund, has allegedly made away with more than $380,000 in BTC in what appears to be an exit scam. Bitcoin Scammer Drops Parting Joke According to Twitter handle ‘stealthbomber21,’ a bitcoin trader with the moniker ‘hitsXBT’ has defrauded investors in his Bitmex $BTC...Read More
It’s a hack that won’t make bitcoin a popular payment method among merchants. | Source: Shutterstock.com Video shows user double-spending BTC transaction by taking advantage of RBF (Replace By Fee) and zero-conf transactions. Controversial features have been a topic of hot debate among Bitcoin developers for years. A simple four-step guide details how to easily...Read More
The Cyprus Securities and Exchange Commission (CySEC) has blacklisted four FX brands, for unauthorised trading of FX and crypto. According to reports, the brands misleadingly claimed affiliation with Bdswiss Holding, which is licensed and regulated in the country. CySEC Clamps Down On Unauthorised Brokers The latest entities to be added to CySEC’s caution list are Nervic Fx...Read More
Bitcoin hasn’t done over the past few months. Since peaking near $14,000 in June of this year, the price of the leading cryptocurrency has fallen off by 50%, tumbling under the pressure of an overextended market and bulls taking profit.For some reason or another, there are analysts that expect this pain to persist, citing an...Read More
Popular YouTube cryptocurrency analyst, Alessio Rastani, yesterday posted a new vlog giving an update on his ‘wildcard’ scenario for Bitcoin. Had recent BTC price drops crushed it, and if so then what comes next? What’s The Wildcard Scenario? As Bitcoinist reported at the end of July, Rastani bucked the bullish trend at the time by proposing a contrarian ‘wildcard’...Read More
Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines...Read More
After a few days of trading sideways, Bitcoin’s price appears to be headed north. It was trading at around $7,100, and it surged to over $7,650 on Bitstamp before retracing slightly to the current level of approximately $7,500. Bitcoin marks a 4.6% increase at the moment. The interesting thing is that BTC’s dominance is also...Read More
