Any good investor, trader, or financial analyst – be it Bitcoin, crypto, or traditional financial markets – conducts due diligence such as fundamental analysis and technical analysis before and while taking a position, to minimize risk and maximize reward.The post appeared first on NewsBTCRead More
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Online criminals hawking lethal substances like fentanyl are demanding payments in Bitcoin, Bitcoin Cash, Ethereum and Monero, according to a new White House report.” data-reactid=”19″>Online criminals hawking lethal substances like fentanyl are demanding payments in Bitcoin, Bitcoin Cash, Ethereum and Monero, according to a new White House report. <p class="canvas-atom...Read More
Bakkt is (finally) launching their Bitcoin futures exchange next month, but they might have some stiff competition. CoinFLEX is a step ahead in the race for crypto futures, with a substantial fundraise for what they call the “world’s first physically delivered crypto futures exchange.” The company announced a successful raise of $10 million from investors...Read More
President Trump is toying with shaking up the capital gains tax. Should Bitcoin investors care, or would the changes just be white noise? | Source: (i) AP Photo/Jacquelyn Martin (ii) Shutterstock; Edited by CCN By CCN Markets: President Trump has been bandying about the idea of reforming how capital gains are calculated. What impact, if...Read More
Ether, the native token of Ethereum, the world’s second-largest blockchain project by market capitalization, has surged by more than 40 percent so far in 2019. It is a stunning performance for an asset which has been around for only four years. But in the world of cryptocurrencies, Ether is an underperformer, majorly because its rival...Read More
The cryptocurrency market has somewhat stabilized, presenting a predominantly green landscape as Bitcoin struggles to stay above the psychological $10,000 marker. Cryptocurrency Market Situation. Source: Coin360 Sentiment for Bitcoin has seen a moderate improvement towards a strongly neutral outlook. Bitcoin Sentiment Chart by theTIE.io Despite this overall lukewarm performance, proponents of Bitcoin’s store of value...Read More
Netflix stock is down 30%, but the NFLX technical picture suggests a major rally waits on the near-term horizon. | Source: Shutterstock By CCN Markets: Netflix stock remains firmly in the limelight – for all the wrong reasons. NFLX shares are down nearly 30 percent from their all-time high, and the stock has plunged more...Read More
Photo: Shutterstock Gartner’s hype cycle methodology provides a means of modeling the evolution of any given technology, and it’s almost scarily accurate. The internet went through it, artificial intelligence went through it, and now blockchain is going through it, too. The timeline says it all. After Satoshi Nakamoto pulled the innovation trigger in launching Bitcoin...Read More
The XFL has released eight team names and logos, but they have no chance against the juggernaut that is the NFL. | Source: AP Photo/Paul Sakuma, File By CCN Markets: The XFL just announced their team names and logos for the upcoming 2020 season. The names all have a tough, battle-ready theme. The Renegades, the Guardians,...Read More
The demand for bitcoin has certainly been tangible over the past few months. Even with a correction of around 30% the digital asset is still up over 160% this year. That growth could have been spurred by central banks devaluing their own currencies as economic skies darken. Big Banks Boosting Bitcoin Demand and fervor for...Read More
Bitcoin and altcoins are forming a strange correlation as of late, according to data provided by market analyst Ceteris Paribus.The noted cryptocurrency trader found that leading altcoins plunged massively every time bitcoin tested or hinted to check the $10,000 level. Between June and August 21, bitcoin closed above the $10,000 mark four times. And each...Read More
Distributed ledger startup Ripple has added a new client to its to its global settlements platform, RippleNet. UK-based remittance firm, Xendpay, announced a partnership with Ripple that allows the firm to enter new markets like the Philippines, Bangladesh, Malaysia, Vietnam, Indonesia, and Thailand. According to a statement published August 21, RippleNet supports currencies that were...Read More
A volatile Dow Jones clung to gains amid a broader stock market decline thanks to a rally from one key $200 billion stock. | Source: REUTERS / Eduardo Munoz By CCN Markets: The Dow Jones stood resolute amid heavy selling pressure on Thursday after the inversion of the US yield curve once again proved to...Read More
Unlike Bitcoin currency hacking, Bitcoin ATM robbery used to be uncommon. A certain incidence has come to our notice. Two masked thieves stole a Bitcoin ATM from a mall in Washington on Aug 3. The surveillance camera has caught them while carrying out the ATM machine in a van. Violent raids targeting Bitcoin businesses and...Read More
Bitcoin Core developer, Peiter Wuille, has introduced a new programming language called Miniscript, to simplify smart-contract development for Bitcoin. One of the most prolific and respected Core-developers, Wuille is responsible for the creation and implementation of Segregated Witness (SegWit). ‘Miniscript’ Is Like An Enhanced ‘Script’ For Bitcoin Miniscript is built on top of the existing...Read More
A recent plunge in the bitcoin price is looking to negate some of its losses as China’s currency weakens to its lowest level in 11 years.Renminbi on Thursday dropped 0.2 percent to 7.00749 against the US dollar after remaining in focus owing to the ongoing trade dispute and US allegation of currency manipulation. The legal...Read More
Bitcoin price is struggling to get back above $10,000 following recent bearish price action. Last week, Bitcoin dropped nearly $2,000 within 48 hours, and while there was a week of relief in between, the bearish sell pressure appears to have picked up steam once again.The post appeared first on NewsBTCRead More
Your favorite altcoin may be up 100% year-to-date, but make no mistake, Bitcoin is currently the alpha of the cryptocurrency pack.Related Reading: Bears in Charge as Bitcoin Price at Risk of November 2018 Style DumpSince Bitcoin dominance hit some 32% in early-2018, altcoins have underperformed. Dramatically. In fact, dominance for the leading cryptocurrency now sits...Read More
The early week’s run-up in the bitcoin price has continued to run out of breath as BTC dips back under five figures. The BTC/USD instrument settled a session low of $9,841.59 at around 16:05 UTC today, establish its five-day low. The pair moved downwards despite having full-backing of strong fundamentals. Late last week, Intercontinental Exchange’s...Read More
Bitcoin price cycles can be influenced by a number of factors, FOMO and public sentiment is one, and mining profitability and difficulty is another. Two separate Bitcoin data researchers have offered their insights as to why the current BTC market cycle still has a long way to go.BTC Mining Profitability and DifficultyOne measure of the...Read More
Cryptocurrency politics is focusing on Bitcoin at the expense of altcoins, but a flip could occur any time, an industry investor has warned. Simpson: Don’t Pin All Your Hopes on Bitcoin That was the conclusion from Arianna Simpson, founder and CEO of crypto and blockchain-focused investment fund Autonomous Partners. In a discussion on social media...Read More
Bitcoin has been numerous times called ‘digital gold.’ However, not every financial analyst thinks that investing in Bitcoin for that reason is a prudent investment strategy. General Partner at Blockchain Capital, Spencer Bogart, is one of them. Bitcoin price Fell in line with the Dow Jones The Dow Jones Industrial Average fell sharply as the...Read More
The Takeaway: Experts say Hamas is now using bitcoin for cross-border fundraising at an unprecedented rate. Still, even the largest estimates of terror financing in the region are apparently dwarfed by civilian bitcoin usage in the Gaza Strip, local experts tell CoinDesk. General awareness in Palestine of bitcoin and ethereum has increased since 2018. Freelance...Read More
For the fifth time since its 2019 rally began, Bitcoin has dipped back into the four figure price range. The move has not been unexpected, however it is clear that this bull run has exhausted its supply of buyers for now. If BTC dominance declines, will it be a chance for the altcoins to shine?Bitcoin...Read More
In a dip that matched last Friday’s, bitcoin fell back to $9,780 during Asian trading today. The trend has been clearly down this month and further losses have been predicted for BTC by leading crypto analysts. Bitcoin Back in Four Figures At the time of writing, BTC was clinging on to the $10k level after...Read More
Photo: Shutterstock As represented by CipherTrace’s recent Q2 AML report, there is no denying that retail investors still face immense risk, as fraudsters and exit scammers have absconded with more than $4.26 billion in crypto assets in 2019 to date. And the opaqueness of relationships between coin rankings sites like CoinMarketCap (CMC), exchanges, and projects,...Read More
Bitcoin’s true share of the total market capitalization for all cryptocurrencies could be as high as above 90%, a new analysis claims. Bitcoin’s true share of the total market capitalization for all cryptocurrencies could be as high as above 90%, Forbes reported on Aug. 22. While mainstream crypto data aggregators have been pointing to a...Read More
A spiraling financial crisis won’t drive investors to bitcoin, according to a major venture capitalist. | Source: Shutterstock By CCN Markets: The Dow Jones Industrial Average has been moving south for the past one month, and what’s surprising to see is that the price of bitcoin has followed suit. The Dow has been sliding over...Read More
South Korean blockchain startup Blockco has secured 9 billion Korean won ($7.5 million) in a recent Series B+ funding round participated by major local banks. Banks continue interest in blockchain Backed by South Korea’s tech giant Samsung, Blockco announced the investment in a blog post on Aug. 22. The funding round involved South Korea’s oldest...Read More
While it’s still widely regarded as being safer to hold one’s own funds than entrust them to an exchange, Gemini’s standards suggest it may be angled as more of an actual cryptocurrency custodian than other exchanges. Cryptocurrency exchange and custodian Gemini, announced they’re expanding their business to Australia. Australian citizens can now download the Gemini...Read More
