Overnight, the bitcoin price rose to as high as $7,642 and is up by more than $1,200 within five days. With the reversal, the dominant cryptocurrency crucially avoided miner capitulation and retest of an ascending channel dating back to 2015.#1: No bitcoin miner capitulation, at least for nowAs reported by NewsBTC, the capitulation of small...Read More
Some four days ago, a Bitcoin analyst going by “Velvet” posted the chart below. In it is depicted BTC’s price action for the past 18 months, a Fibonacci Retracement of the $3,150 to $13,800 move, two trendlines, a moving average, and a vertical date marker for December the 22nd.$BTC #BTC #BTCUSDPresented with no comment: pic.twitter.com/hRrDaqM2IQ—...Read More
As governments around the world force their money laundering paranoia onto bitcoin exchanges, alternatives are emerging for those that want to be truly decentralized. Anonymous Bitcoin Transactions Surging 2019 was supposed to be the year of the DEX but in reality, very few decentralized exchanges have gained ground on their centralized cousins. Localbitcoins has made...Read More
According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket for backing, Changchun affirmed. Reactions to the announcement are varied,...Read More
We took apart a Coinmine One and talked to CEO Farbood Nivi to get an insider look at the mining gadget taking the cryptocurrency world by storm. “The whole point of crypto is that there is no guaranteed money anywhere.” ...Read More
Bitcoin price rallied more than 5% to clear the $7,500 resistance against the US Dollar.The price is now trading in a positive zone and it could rise further above $7,700.There is a short term breakout pattern forming with resistance near $7,590 on the hourly chart of the BTC/USD pair (data feed from Kraken).There could be...Read More
Once again, analysts have begun to flip bullish on Bitcoin (BTC), citing fundamental and technical factors to back their cheery sentiment. Though, not everyone is convinced that the cryptocurrency market is poised to see upside.Related Reading: Crypto Market’s Long-Term Trend is Positive: Binance CEO Explain WhyCME Futures Show Institutions Bearish On BTCEach week, the Chicago Mercantile...Read More
After days of no price action, Bitcoin (BTC) has started to show signs of life. The leading cryptocurrency broke higher on Sunday morning, pushing past the $100 range that had defined Bitcoin’s price for the better part of three days.Related Reading: What’s Next for the Bitcoin Blockchain? Top Developer Weighs InAs of the time of...Read More
Several analysts speculated that the sideways movement Bitcoin has been displaying was nothing but a mere set back; venture capitalist, Tim Draper, however, is bullish about the king coin as he reportedly said that the price of Bitcoin could go to a high of $250,000 in the next two years. Discussing the same, Fundstrat’s Tom...Read More
If you’ve been on Crypto Twitter, you’ve likely heard the term “miner capitulation” time and time again in reference to Bitcoin.For those who missed the memo, when BTC started to tank last month, the Bitcoin network’s hash rate began to stall, failing to grow after months of growth in the cryptocurrency mining ecosystem. This trend...Read More
Unlike traditional ones, cryptocurrency wallets store a lot of relevant information such as the secure private key used to access Bitcoin addresses and carry out transactions, etc., And while there are many ways in which users can store their Bitcoins, it’s important to fully understand the drawbacks of each type of wallets. With the growing...Read More
The cryptocurrency community is usually divided into three major camps when it comes down to potential ways to earn money. The first is inhabited by traders, believing that the best way to make profits is to take advantage of the volatility in the market by trading. The second comes in the form of long-term investors,...Read More
While many in the crypto industry focus only on the monetary aspects of Bitcoin, the cryptocurrency and its respective blockchain have a technical side too, a side that isn’t often focused on.John Newbery, a developer at Bitcoin-centric development firm Chaincode Labs, recently broke down where he expects the network’s technical development trajectory to head next.Related...Read More
It’s almost the end of the year, and this end would also mean that Bitcoin would successfully be stepping into its 11th year of existence. Over the decade, the largest cryptocurrency has gone through the phase of being a digital currency that’s used by criminals to a currency that has been viewed as a store...Read More
A six-year-old girl in London found that somebody had already written a message in one of a box of charity Christmas cards. It had apparently been written by a foreigner detained in a Shanghai prison and forced to work in the factory where the cards are produced. The prisoner should be thankful that he wasn’t forced...Read More
One of the heated topics in the cryptocurrency, regulatory, and the fintech space has been Facebook’s footprint in the digital asset ecosystem with the unveiling of Libra. This venture is viewed as a positive sign for the growth of the cryptocurrency market altogether by some, whereas criticized by many. The criticism was not much of...Read More
Logarithmic scale analysis of the entire bitcoin and crypto market, based on data from the past decade, point to the potential for the sum of all digital assets to reach a valuation of $11 trillion by 2023. Logarithmic Analysis Predicts New Altcoin Bull Run, Bubble in Coming Years Benjamin Cowen, who has dedicated previous analysis...Read More
Following the recent bout of turbulence experienced by Bitcoin and the aggregated crypto markets, BTC has been caught within a firm and tight trading range that has led it to consolidate for the past several days.Analysts are now noting that which boundary of this trading range is broken through first could offer significant insight into...Read More
Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Analysts have understandably divided over the question, as the correct answer would show in which direction Bitcoin will head for the next couple of...Read More
Bitcoin (BTC) attracts the most attention with its price action. But the technological capabilities of the leading coin should not be underestimated. Bitcoin Network Evolves with Lightning Payment Innovations In 2020, more than a decade after the Genesis block was created, the Bitcoin network will have changed in unexpected ways. Beyond highly active mining and...Read More
Indian banks may start turning down potential customers, because of their religion, as per a recent report. Furthermore, protesters in Hong Kong are boycotting one of the largest banks in the country, HSBC, due to the latest alleged political arrests. Naturally, among economic and financial turmoil of the kind, it’s hard not to bring Bitcoin’s...Read More
Germany’s second-largest stock exchange and a major financial services group in Japan have partnered to expand their crypto operations in Europe and Asia. Boerse Stuttgart recently launched its crypto trading platform while SBI has been expanding its crypto business operations for several years. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines...Read More
As 2019 comes to an end, looking back at the year, the cryptocurrency industry has witnessed several developments in its ecosystem. However, the ones that stood out were the numerous regulations imposed on the industry. While prominent players of the industry have been abiding by these regulations, Poloniex seems to be moving against the conventional...Read More
According to one researcher, quantum computing faces more hurdles than many realize when it comes to achieving viability in breaking encryption. In a recent report Dr. Subhash Kak, Regents Professor of Electrical and Computer Engineering at Oklahoma State University, notes that there are issues such as “noise” and error correction that render the buzz about...Read More
Statistics show that the Bitcoin price may be on the verge of seeing a red week. No, by red I don’t mean Christmas, I mean a week in which the cryptocurrency falls, potentially to enter back in the range of the $6,000s.Related Reading: Lightning Works: Bitcoin Podcaster Finds Restaurant Shunning Banks for BTCBitcoin Futures’ Imply BTC...Read More
Crypto asset manager Bitwise has written a letter to the U.S Securities and Exchange Commission (SEC), addressing the regulator’s concerns of market manipulation, which was cited as one of the reasons the SEC had rejected bitwise’s bitcoin exchange-traded fund ( ETF’s). Earlier in October, the SEC had cited concerns regarding market manipulation and surveillance sharing in...Read More
In less than six months’ time, Bitcoin will see an extremely important event. Known as a “halving” or “halvening,” the number of coins issued per block to miners will get cut in half from 12.5 to 6.25, effectively meaning that BTC’s inflation rate will be cut in half in layman’s terms.Related Reading: XRP Could Soon...Read More
There was a nice upward move in bitcoin price from the $6,435 low against the US Dollar.The price is now trading nicely above the $7,000 and $6,960 support levels.There is likely a bullish continuation pattern forming resistance near $7,180 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The price could decline a...Read More
Over the past few days, Bitcoin has strongly outperformed altcoins, especially Ethereum and XRP. On Wednesday, when BTC was trading 8% down on the week, both ETH and XRP — the second and third-largest cryptocurrencies by market capitalization, respectively — were down nearly 15% since the weekly open, crushed under the pressure of BTC volatility.Related...Read More
Antagonists are essential to the story. Perched on a revolving chair, running his hand through a sphynx cat’s bare skin, puffing down a half-finished cigar, is not quite how one would describe the congressman from California’s 30th congressional district, but that’s how the cryptocurrency industry sees Brad Sherman. A vocal opponent of the growing digital...Read More
