Bitcoin (BTC) price has far higher to go during its current market cycle if crowd sentiment takes charge, according to analysis of the Bitcoin Days Destroyed (BDD) technical metric. In social media posts Aug. 22, Hans Hauge, senior qualitative researcher at crypto investment fund Ikigai, identified Bitcoin sentiment as being similar to early 2017. That...Read More
In an all-time first, the G7 hasn’t concluded an agreement in the Trump-era. | SourcE: AP Photo/Evan Vucci By CCN Markets: For the first time in the G7’s 44-year history, the summit will conclude without a joint communique. According to the Financial Times, the host of this year’s summit French President Emmanuel Macron has decided...Read More
Bitcoin price declined heavily in the past few sessions below $10,000 against the US Dollar.The price is currently correcting higher after it tested the $9,750 support area.There is a declining channel forming with resistance near $10,100 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price could correct higher in the short...Read More
Just 72 hours ago, Bitcoin investors were bullish. After remaining in the low-$10,000s for a number of days, the cryptocurrency suddenly broke out, moving past key resistances. It even tapped $11,000 after a surge of buying pressure.This surge higher made some analysts bullish, as the reclamation of $10,800 and other key technical levels was a...Read More
A man is facing 20 federal charges stemming from an alleged bitcoin scam carried out in Missoula, Michigan and New Jersey, defrauding investors of more than $200,000 in two weeks. James Matthew Thomas, of Michigan, pleaded not guilty to all charges on Aug. 14. On Wednesday, his jury trial was scheduled for Oct. 21 at Russell...Read More
The U.S. Department of Treasury has sanctioned three alleged narcotics operators and their crypto addresses. The United States Department of the Treasury has added multiple cryptocurrency addresses to its Specially Designated Nationals (SDN) list under the Foreign Narcotics Kingpin Designation Act, also known as the Kingpin Act. These addresses, and the individuals associated with them,...Read More
Casa, a crypto firm that provides a private key management service and Bitcoin node machine, has unveiled a node monitor and accompanying rewards program to promote Bitcoin network health. Casa announced the new projects in an official blog post on Aug. 21. Per the announcement, the node monitor — called Node Heartbeats — relies on...Read More
An interesting stock market pattern suggests the market will be moving higher, but it doesn’t tell the entire story. | Source: AP Photo/Richard Drew By CCN Markets: The S&P 500 is showing an intriguing pattern of behavior. May 30 was the ninth consecutive day that the stock market index closed above the 200-day moving average but...Read More
The US Treasury is blacklisting specific bitcoin addresses related to Chinese druglords. | Source: Shutterstock By CCN Markets: The U.S. Treasury Department blackballed the bitcoin addresses of Chinese drug kingpins operating international drug-trafficking rings. It’s part of a move to curb the opioid epidemic ravaging the United States. The Treasury’s Office of Foreign Assets Control...Read More
Target delivered a big upside earnings surprise on Wednesday, driving the stock up by 20% and casting some doubt on Amazon’s world dominance. | Source: Shutterstock; Edited by CCN By CCN Markets: Target Corporation reported shockingly good earnings on Wednesday, casting some doubt as to whether Amazon has in fact conquered the retail world. As...Read More
Most cryptocurrency enthusiasts are not aware of Bitcoin supporting smart contracts. Despite what most may claim, Bitcoin has supported this technology for many years now. It has never been a popular option to explore, but it was still worth taking note of. Miniscript, a new smart contract language for Bitcoin, was introduced only recently. How...Read More
The White House issued two advisories on drug purchases in the United States today with specific references to cryptocurrencies. The advisories, addressed to both financial institutions and digital payment platforms, state that “convertible virtual currencies” (CVC), particularly bitcoin, bitcoin cash, ethereum, and monero, can be and have been used for illicit substance purchases on the clear,...Read More
Kraken, a San Fransisco-based cryptocurrency exchange, has been operating since 2013, making headlines consistently for its donations, funding, and issues with its site and API. OTC Head at Kraken, Nelson Minier, recently shared his journey into the cryptoverse, while also discussing the many developments in the Kraken ecosystem, in a recent podcast. Minier stated that...Read More
Bitcoin has destroyed the altcoin market in 2019, but one contrarian crypto trader believes BTC is about to suffer a reckoning. | Source: Shutterstock By CCN Markets: It’s easy to miss just how badly bitcoin has clobbered altcoins since the crypto market’s latest bull run began. From Ethereum all the way down to Stratis, almost...Read More
Dow Jones stock Goldman Sachs is trading below book value, suggesting it could be a buying opportunity for patient long-term investors. | Source: Shutterstock By CCN Markets: Apple may be getting all the attention about its new credit card, but there is another company involved whose stock might be the real buying opportunity. Goldman Sachs,...Read More
Throughout much of 2018, support at $6,000 acted as the absolute Bitcoin price floor, with each time bears pushed the price of the first-ever crypto-asset down to the range, it would reverse and rally – only to stop short of ever setting a new higher high.The post appeared first on NewsBTCRead More
The range-bound bitcoin price could jump higher if Anthony Pompliano’s prediction turns out to be true in the long run. | Source: Shutterstock By CCN Markets: The bitcoin price has been going sideways for nearly two months now, but crypto bulls believe that rising institutional interest could lead to a breakout. Bitcoin price has been...Read More
Onther, a leading Ethereum blockchain R&D company, Ethereum Foundation grantee, and supporter of MakerDAO, has announced that to further support Maker’s ecosystem, it will be providing audits to Multi-Collateral Dai (MCD) candidates and accept Dai for its services. In the past, Onther produced technical content in Korean on various parts of the Maker ecosystem including...Read More
Binance is expected to launch its upcoming exchange platform in the United States by the end of the year, with the company’s executive estimating that the platform will launch within “a month or two.” In the interview, Changpeng Zhao (aka CZ), the CEO of Binance, predicted the launch despite acknowledging that many things are still...Read More
Bitcoin is best known as a currency, but that’s not its only use. As the oldest and most-secure blockchain, the Bitcoin ledger has many applications that aren’t directly related to finance or payments. In fact, anyone is free to use Bitcoin for their project, provided they pay for the space they use. But these complex...Read More
Cryptocurrency markets fell hard on August 21 following the $700 price drop bitcoin core (BTC) saw during the early morning trading sessions. Most digital assets have lost 2-8% in value as the overall market valuation of all 2,000+ coins has plunged to $263 billion. Crypto price movements have been following a trend of strong volatility,...Read More
Apple Card is irrelevant. It strives to become a marketing tool for an underperforming iPhone market rather than an actual credit card. | Source: AP Photo/Tony Avelar, File By CCN Markets: The first thing to understand about Apple Card is that it is not exactly a card. Undoubtedly, the technology behemoth’s entry into the finance sector...Read More
Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory to alert financial institutions to drug trafficking-related financial schemes. The U.S. Department of Treasury released a detailed post that highlighted, “Information in the advisory will assist them (FinCEN) in detecting and reporting related criminal...Read More
Among the many reasons that make Bitcoin unique, is that it’s designed to be a global currency accessed by anyone, anywhere, without restriction. Because of this, the first-ever crypto asset is used across the world in different capacities, affected by culture, economic conditions, regulation, and more.The post appeared first on NewsBTCRead More
The G7 is meeting next week to explore the regulations around Bitcoin and other cryptocurrencies. Unsurprisingly, Anthony Pompliano is not worried. G7 to Discuss Bitcoin Next week, the G7 is scheduled and this time the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States will set aside some time to...Read More
Chonic crypto critic Peter Schiff promised that the Bitcoin price would never, ever hit $50,000. One trader told us he is dead wrong. | Source: Cambridge House International Inc./YouTube (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: The Bitcoin price has defied his bearish portents before, but goldbug and chronic crypto critic Peter...Read More
Even with the ongoing fluctuation in the price of Bitcoin [BTC], a lot of investors are looking forward to investing in the king coin due to the growth in its market cap over the past few months. With coin movements growing more significant by the day, more and more traders are now getting into the...Read More
Last year the World Bank and the Commonwealth Bank of Australia announced a permissioned Ethereum-based blockchain to facilitate the end-to-end issuance of bonds between financial partners. The Bretton Woods-created financial institution hopes to make debt capital markets far more efficient with a bank-to-bank blockchain network. At the same time, the World Bank’s bond scheme has...Read More
Bitcoin has several big dates in the next couple of months which should be of interest to anyone with a stake in the network. Depending on how these pan out, we could well see renewed confidence and uptake, as well as another bull run. So what are we waiting for? 23 September – Bakkt Bitcoin...Read More
Bitcoin has long been pitched as the digital version of gold – a precious metal that’s long been used as a store of wealth, transfer of value, and features many of the attributes that Bitcoin is lauded for, such as scarcity.The post appeared first on NewsBTCRead More
